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If you have any questions, or would like to meet us or become a client, please contact our banking advisers who will be happy to respond according to your individual requirements.
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BL Bond Dollar
Bond fund
Data as of 19/08/2019
Risk level
| Low |  | High |
Performance
Average annual performance since launch 4,58 %
Performance as at 19/08/2019
| FUNDS | |
|---|---|
| 2016 | 0,53 % |
| 2017 | 2,26 % |
| 2018 | -0,47 % |
| Since 01/01/2019 | 5,91 % |
| Over the last 12 months | 6,86 % |
| Over 3 years | 2,24 % |
| Since launch | 260,12 % |
Composition
| Asset breakdown | |
|---|---|
| Bonds | 95,79 % |
| Cash | 4,21 % |
| Main positions | |
|---|---|
| US Treasury Bond 2009 3.5% 15-02-2039 3,50 15/02/2039 | 5,36 % |
| US Treasury Note Series E-2028 2018 2.875% 15-08-2028 2,88 15/08/2028 | 5,00 % |
| US Treasury Note Series Q 2021 2014 2.125% 30-09-2021 2,12 30/09/2021 | 4,88 % |
| US Treasury Note Series H 2022 2015 1.75% 28-02-2022 1,75 28/02/2022 | 4,85 % |
| US Treasury Note Series P 2020 2013 2.125% 31-08-2020 2,12 31/08/2020 | 4,84 % |
Strategy
Investment objective and policy
The fund invests mainly in fixed income, variable income and convertible bonds denominated in USD, which are issued by first-rate issuers. Its key objective is to achieve a regular income.Management report - 2d Quarter 2019
In the second quarter, US Treasuries posted positive performance. The JPMorgan index for this market was up 3.13%. The US 10-year yield ended the quarter at 2%, 40 basis points lower than at the end of the previous quarter. The Federal Reserve kept its interest rates unchanged at 2.5% during the quarter. Having climbed to 2% in April, inflation only came to 1.8% at the end of May. Unemployment was stable at 3.7%. In terms of economic activity, the US Manufacturing PMI (purchasing managers' index) continued to contract over the quarter. It was only just over the 50 mark at 50.06. The price of WTI crude fell from $63.91to $58.47 per barrel. This fall is linked to concerns over economic growth due to the deterioration of trade negations between the United States and China. Faced with a decline in the global context and weakening US activity, we think that after the interruption to the normalisation of its monetary policy, the Federal Reserve will carry out a series of interest rate cuts between now and the end of the year. This will shore up the bond markets in general.General information
| Net Asset Value | |
|---|---|
| Calculated | Every business day |
| NAV class B capitalisation shares (19/08/2019) | 1 334,04 USD |
| NAV class A capitalisation shares (19/08/2019) | 297,00 USD |
| Latest dividend | 3,26 USD |
| Date of last dividend payment | 08/02/2019 |
| CODES | Internal capitalisation code : 1134389000 Internal distribution code : 1134360000 ISIN capitalisation code : LU0093570926 ISIN distribution code : LU0093570843 WKN capitalisation code : 937802 WKN distribution code : 937803 SICOVAM capitalisation code : 959299 SICOVAM distribution code : 959298 |
| Net assets (million) | 179,90 USD |
| Launch date | 16/09/1988 |
Before making any decision to subscribe, customers must ensure they have understood the product, having measured the risks associated with it and consulted their own advisers on the appropriateness of the product for their particular financial situation, taking into account legal, tax and accounting aspects. This fact sheet has been drawn up for information purposes and shall in no event be considered a solicitation to buy or an offer to sell securities or other financial instruments. Information provided to the interested party does not constitute legal or fiscal advice and the Bank shall not be held liable for such information. The securities referred to in this document may cause the investor to incur significant risk and may not be appropriate for all investors. Such risks include market risks, high volatility, credit risk, liquidity risk and interest-rate risk. There is no guarantee that the securities described in this document will achieve their investment objectives. Past performance is no indication of future returns. The Bank shall not be held liable for the future performance of these securities. Potential investors must ensure that they understand the risks of investing in such products and should only take an investment decision after giving careful consideration, together with their professional advisers, to the appropriateness of this investment to their specific financial situation, particularly with regard to legal, tax and accounting aspects. We have made every effort to verify that the information presented in this document is correct, in particular the estimated values, opinions and other estimates. Nevertheless, no guarantee can be given as to the validity, timeliness, completeness, correctness or accuracy of the information, which is provided for guidance only. Information may be subject to change without prior notice.