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Management company: Degroof Petercam Asset Services; management delegated to Mercier Vanderlinden Asset Management

Date:

8 Nov 2018

N.A.V. Class F

276,86 EUR

N.A.V. Class R

477,99 EUR

N.A.V. Class C

684,73 EUR

Monthly report

For more in depth information about past performance you can download our monthly factsheets here in Adobe PDF format:

Morning star1 rating TM:

Results 2,3

 2018 YTD20172016201520142013201220112010200920082007-
Merclin GE Class F-1.84%8.01%10.10%11.03%19.36%19.55%7.48%-2,01%14.22%31.06%-27,99%7.33% 
Merclin GE Class R-2.01%7.80%9.87%10.82%19.13%19,32%7.26%-2,20%13.97%30.29%-- 
Merclin GE Class C-2.35%7.37%9.43%10.38%18.64%18.84%6.83%-2.59%13.50%29.72%-- 
MSCI AC World Euro64.10%8.89%11.09%8.76%18.61%17.49%14.34%-4.25%20.50%30.43%-39.20%0.71% 
Ranking Morningstar1 %8745212715468813733568 

Return 2

Annualized Returns4Merclin GE F CAPMerclin GE R CAPMerclin GE C CAPBenchmark
1 year-3.03%-3.23%-3.62%+3.39%
3 years+4.14%+3.92%+3.51%+6.55%
5 years+8.90%+8.68%+8.25%+10.09%
10 years+11.20%  +12.17%
Since inception+9.20%+8.70%+8.21%+7.70%

Fund description

Investment policy

MercLin Global Equity, a subfund of MercLin SICAV, is an actively managed fund invested in equities worldwide. The objective of the fund is to increase the value of your investment over the long term while outperforming the MSCI AC World Euro Index. The composition of the subfund's portfolio may differ significantly from that of its benchmark index.

Under normal market conditions, the subfund primarily invests in a diversified portfolio of equities (at least 70% of its assets) and corporate bonds from OECD countries. The subfund may invest directly in equities or bonds or indirectly by investing in units of other investment funds. The subfund may invest up to 10% of its assets in regulated hedge funds.

The fund is recommended to investors with an investment horizon of at least 3 to 5 years.

Technical data

Fund Name:MercLin SICAV
Manufacturer:Degroof Petercam Asset Services
Domicile:Luxembourg
Legal Status:SICAV subject to Part I of the Luxembourg law of December 2010
Type of shares:Capitalisation
Belgian Financial Agent:Bank Degroof Petercam S.A.
Custodian:Banque Degroof Petercam Luxembourg S.A.
Transfer Agent:Banque Degroof Petercam Luxembourg S.A.
Management Company:Degroof Petercam Asset Services
Manager:Mercier Vanderlinden Asset Management
Auditor:KPMG-audit
Maturity:not determined
N.A.V. publication:De Tijd, L'Echo, www.merciervanderlinden.com and www.beama.be/en/nav
Minimum subscription:1 share
Subscription fee:

Class F and R : 0% (Mercier Vanderlinden)

Class C : Max. 3%

Swing pricing:No
Redemption fee:0%
TOB on exit:1,32% / max € 4000
Taxes on Sicavs with > 10% in fixed income:No
Witholding Tax:N/A
N.A.V. calculation:Weekly on Thursday
Subscription/Redemption:Before Thursday 2:00pm
Performance fee:No
Asset under Management:1 208 m EUR
Inception:31/12/2002

Risk indicator

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
Lower risk
Potentially lower rewards
Does not mean a risk-free investment
Higher risks
Potentially higher rewards

The value of an investment in a sub-fund increases or decreases over time. At the time of resale, the price of your shares may be less than the original price, representing a loss. If you invest in a sub-fund whose currency is different from your own, exchange rate fluctuations can also reduce your gains or increase your losses.

The above risk level is calculated on the basis of the sub-fund's volatility over the medium term (i.e. on the basis of actual changes in its value over the last five years or on a simulation, if the subfund was created within that period). The volatility of the sub-fund may increase or decrease over time, which may change its risk level.

The subfund's risk level reflects the following factor(s):
Equity investments have greater volatility and higher risk than investments in bonds and money market instruments. The risk level does not reflect the potential impact of unusual market conditions or unforeseen events that may increase risk or trigger other risks such as:

  • Counterparty risk: the subfund can lose money as a result of the failure of a market player with which it does business.
  • Credit risk: risk associated with bonds becoming worthless when the issuer of the bond is not able to repay its debt on maturity.
  • Liquidity risk: some financial securities may be impossible to sell quickly at a given time or may have to be sold at a discount.
  • Management risk: under abnormal market conditions, the usual management techniques may be ineffective or unfavourable.
  • Operating risk: in any market, and especially in the emerging markets, the subfund may lose some or all of its money if there is a failure in the custody of assets or in case of fraud, corruption, political actions or any other adverse event.

More information

Class

Management fee

Ongoing charge 5

Prospectus

KIID

Class F

0,6% annual

0,94%

Class R

0,8% annual

1,14%

Class C

1,2% annual

1,54%
In case of complaints concerning this fund, please send an email to compliance@mvam.eu. If you do not obtain a satisfactory response, you can always contact the Ombudsman of the financial services sector through the website: http://www.ombudsfin.be/en/individuals/introduce-complaint/.

The prospectus, the KIID and the periodic reports are available free of charge from the Belgian representative of the financial agent: Bank Degroof Petercam S.A., 44 rue de l'Industrie, B-1040 Brussels. Every investor took note of the prospectus and/ or KIID and any subscription should be made on the basis of these documents.

For further information about Morningstar Rating™ and Ranking Morningstar®, please visit the Morningstar website using this link. Specific information concerning MercLin Global Equity F cap can be found on this page.

2 Source data: Bloomberg, Morningstar & Bank Degroof Petercam Luxemburg.

3 These performance numbers are based on historical data and are no guarantee for future results.  YTD: Performance since the 1st of January of the current calendar year. This is a cumulative return.

The return figures indicated above do not include commissions eventually linked to the issuing and redemption of shares, nor stock exchange turnover tax. Based on historical data, which offer no guarantee of future returns and can even be misleading. Performance is calculated on a cumulative basis for periods under one year and on an actuarial basis for periods of over one year. Performance of the Merclin GE F Cap up to 18.08.2008 is that of the Athena Diversified Management Sub-Fund, of which the MercLin Global Equity Sub-Fund is an identical successor. Previous performance is audited by Deloitte.

5 Ongoing charge: charges taken from the subfund over a year (including management fees).

6 MSCI AC World Euro Net dividend reinvested. The investment policy of the fund does not include a tracking error objective with the benchmark. Performances of the Sub-fund may therefore vary from the performance of the benchmark.