BGF Global Allocation

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Choosing a highly mixed portfolio


Investment Policy

BGF Global Allocation Fund, a sub-fund of the SICAV/BEVEK investment fund under Luxembourg law BlackRock Global Funds (BGF), aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in equity securities (e.g. shares) and fixed income (FI) securities in normal market conditions. FI securities include bonds and money market instruments (i.e. debt securities with short term maturities). It may also hold deposits and cash.

Before you invest in BGF Global Allocation Fund, your are advised to read carefully the following documents:

These documents are available for free in your ING-branch or on this website. These documents are available in English, Dutch or French.

The fund BlackRock Global Allocation is not an ING fund.

Historical records – Actuarial Yield - Capitalization share

Source : Morningstar Direct ™

Actuarial gain expressed on an annual basis in the currency of the relevant UCITS over 1 year, 3 years, 5 years, 10 years and since inception. It relates to end-of-month returns based on historical data. The returns shown are valid for the capitalised parts of the UCITS and take no account of entry fees and potential taxes. Past performance is no guarantee of future performance and can be misleading. The value of shares in the fund and income received from it can go down as well as up, and investors may not get back the full amount invested. All performance data shown is in Euro, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations.

Fund launch date: 1997

Class Launch date: 2002

Reference currency: The reference currency is the Euro.

For an investor seeking for :

  • An exposure to a highly diversified mixed portfolio that invests across all regions, sectors and market capitalizations. The BGF Global Allocation Fund is a suitable solution for investors looking for a stable, core investment with the prospect of above-average return potential.

But…

The main risks for the Sub-Fund are :

  • Market risk: 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 make the Fund 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.
  • Credit risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.
  • Counterparty risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
  • Liquidity risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.
  • Non-performance risk: the return realised during a specific period may be positive or negative, depending on the fund's investment strategy. The non-performance risk is strongly linked to the market risk
  • Capital risk: No guarantee is provided as to the recovery of your initial investment.

Net Asset Value

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 (http://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 Global Allocation Fund prospectus (PDF) for additional information.

Minimum investment: 1 part

Term: undefined

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: 1.77% of which 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 2000 EUR)
    • Distribution share: none
  • Withholding tax on dividends:
    • Capitalization share: none
    • Distribution share: node=/RATES/FONDSEN/ROER_VOORH_DIVIDENDEN;replace=html%
  • Withholding tax in case of redemption:
    • Sub-fund permitted to invest more than 25% of assets in debt securities: yes
    • Sub-fund actually more than 25% invested in debt securities: yes
    • Withholding tax (node=/RATES/FONDSEN/ROER_VOORH_TERUGKOOP;replace=html% depending on the investor’s particular tax situation): applicable

*Tax treaty based on the current legislation
Dividends received from distributing shares are subject to the Belgian withholding tax of node=/RATES/FONDSEN/ROER_VOORH_DIVIDENDEN;replace=html%. 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 node=/RATES/FONDSEN/ROER_VOORH_INKOOP;replace=html%.

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.

Identity of de financial agent

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

Complaints Service

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.ombfin.be).

Are you interested ?

Make an appointment now at the ING branch of your choice.

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