Investments

BGF World Healthscience Fund USD

Benefit from strong growth in healthcare

BGF World Healthscience Fund is a sub-fund of the SICAV/BEVEK investment fund under Luxembourg law BlackRock Global Funds (BGF). The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets.



  • Fund launch date

    6 April 2001

  • Class Launch date

    6 April 2001

  • Reference currency

    The reference currency is the American Dollar. The yield in euro could be positively or negatively influenced by currency fluctuations.

  • For an investor looking for:

    • Potential long-term wealth growth by investing in a diversified portfolio of health sciences related stocks, in order to benefit from the sector’s secular growth drivers leading to favourable fundamentals in select healthcare companies across the globe.

    But…

    The main risks for the Sub-Fund are:


    • Investment risk: Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.
    • Stock market movements: The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
    • Currency risk: Active management of currency exposure through derivatives may make the Fund more sensitive to changes in foreign exchange rates. If the currency exposures against which the Fund is hedged appreciates investors may not benefit from such appreciation

    The occurrence of any of these risks may have an impact on the net asset value of your portfolio.

The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.

A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.

Please refer to the BGF World Healthscience Fund USD prospectus (PDF) for additional information.

  • Minimum investment

    1 part


    Term

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    One-off charges

    • Entry charge (applicable by ING Belgium): 3%

    • Exit charge: 0%


    Ongoing charges

    • Ongoing charges taken from the Sub-Fund over a year: 1.81% of which (maximum) 1.50% of management fees.

    • Custody fee: 0%/annum

    For other charges that might be paid by the investor, we refer to the prospectus.


    Taxation

    Stock exchange tax (applicable to redemptions only):


    • Capitalization share: 1.32% (max 4,000 euros)

    • Distribution share: none


    Withholding tax on dividends:


    • Capitalization share: none

    • Distribution share: 30%


    Withholding tax in case of redemption:


    • Sub-fund permitted to invest more than 10% of assets in debt securities: yes

    • Sub-fund actually more than 10% invested in debt securities:yes

    • Withholding tax (30% depending on the investor’s particular tax situation): not applicable


    *Tax treaty based on the current legislation
    Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 25% of their assets in any kind of debts amounts to 30%.
    This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.

Financial Service Belgium: J.P. Morgan Chase Bank, Boulevard du Roi Albert II 1, B-1210 Bruxelles

Complaints can be lodged with ING – Customer Service – Cours Saint Michel, 60 – 1040 Brussels. If no settlement can be reached in this way, please contact the Banks - Credit - Investments Mediation Service (www.ombudsfin.be).

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