Bonds

Below you can find more information about the "Value Square Fund Bonds" sub-fund.

Comments

Before deciding to invest in the sub-fund, one should read the prospectus and the key information document (PRIIPS KID). The documents are available in Dutch. You will find these documents further on this page. This is a publicity announcement.

Target

This sub-fund aims to provide shareholders with exposure to the bond markets.

The sub-fund's portfolio consists mainly of bonds and other debt instruments or equivalent securities denominated in euro. Emphasis is placed on instruments rated investment grade or equivalent.

Sub-fund shareholders do not enjoy any protection or capital guarantee.

Strategy

The assets of this sub-fund are mainly invested in debt instruments (bonds and other similar securities) denominated in euro. In addition, investments are made primarily in debt instruments with an investment grade rating or, if none is available, a credit rating at least equivalent in the manager's opinion.

Bond selection is based on fundamental analysis of the issuer combined with macroeconomic insights.

As an exception to the above strategy, the manager of the sub-fund may consider, as part of the normal prudent management of the investment portfolio, that it is necessary to anticipate extreme market conditions and, to this end, decide to invest 100% of the assets in government bonds, money market instruments, deposits or cash, whereby the proportion of deposits and/or cash may not exceed 50% of the assets. The assessment of this normal prudent management is based on the information available to the manager at the time of making the investment decision.

Active portfolio management

The sub-fund's portfolio is actively managed by the portfolio manager, meaning that he makes discretionary investment choices at the portfolio level within the limits of the investment objective and policy.

Neither the method of management nor the calculation of the performance fee are aligned with an index.

Interested in learning more?

Essential
information documents

Features

General

Compartment of: Value Square Fund
Legal form: self-managed bevek
Domicile: Belgium

Costs and taxes

Cost

Entry fee: Maximum 1%, for the benefit of your distributor
Exit fee: none
Management fee: C class: max. 0.60%
Ongoing charges (sum of "Management fees and other administrative or operating costs" and "Transaction costs"): C CAP class: 0.78%, C DIS class: 0.78%
Performance fee: none
Anti-dilution levy: In exceptional circumstances, an additional cost (anti dilution levy) may be charged on all entries or all exits of a sub-fund to protect investors against liquidity risk. This charge may vary from 0% to a maximum of 5%. More information can be found in the prospectus of the Sicav.

Taxes

The following taxes are imposed on an average non-professional investor physical person resident in Belgium
Stock market tax: Capitalization classes: 0% on entry; 1.32% on exit (max. €4000). Distribution classes: None.
Withholding tax: Capitalization classes: None. Distribution classes: 30% on dividends (The withholding tax on dividends is applicable to a non-professional investor, natural(physical) person)).
Reynders Tax: Capital gains tax of 30% on the realized capital gains of a sub-fund that has more than 10% of its assets invested in fixed income products.

Minimum investment

C class: 1 partial certificate

Risks

Description of risks deemed significant and relevant, as estimated by the compartment:

Market risk: the sub-fund invests primarily in bonds whose prices may fall, due to deteriorating macroeconomic conditions, specific business conditions, or due to general market psychology.
Credit risk: the sub-fund may invest both in bonds of recognized good quality and bonds with a high credit risk (high-yield bonds) and is therefore exposed to a certain degree to the risk that may arise if the issuer of the bond fails to meet its payment obligations.
Liquidity risk: is the risk that the fund manager fails to sell a security/position of the sub-fund at its normal market value and within a reasonable time due to lack of buyers.
Foreign exchange or currency risk: the sub-fund invests globally, making part of the portfolio sensitive to foreign exchange fluctuations.
Return risk: the sub-fund is actively managed and is not linked to an index. As a result, the sub-fund's return may differ significantly from the general market return.
Inflation risk: as inflation increases in a given country, the purchasing power of that country's currency as well as the value of the bond decreases. The sub-fund offers no protection against a rise in inflation and it is therefore possible that returns on investments cannot be maintained at the rate of inflation.

Investor rights

For more information on investor rights, you can always visit our"Legal Information" webpage or open this link. The information in the document is available in Dutch, French and English.