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

Date:

13 Sep 2018

N.A.V. Class R

1.990,38 EUR

N.A.V. Class F

1.234,23 EUR

Monthly report

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

Results 2,3

 

2018 YTD

2017

2016

2015

2014

2013

2012

2011

Class R :

3,27%

5,74%

8,74%

12,98%

20,14%

22,74%

7,97%

1,53%

Class F:

3,36%

5,95%

8,94%

77777

MSCI AC World Euro

5,41%

8,89%

11,09%

8,76%

18,61%

17,49%

14,34%

-4,25%

Yield 2

Annualized Returns4MercLin DBI/RDT RMercLin DBI/RDT F
1 year+9,30%+9,46%
3 years+9,03%7
5 years+11,08%7
Since inception+10,39%+8,26%

Fund description

Investment policy

MercLin Institutional Equity Fund DBI-RDT (sub-fund of MercLin Institutional Fund) meets the requirements imposed by the applicable regulations to benefit from the Definitively Taxed Income regime (RDT/ DBI): the sub-fund distributes at least 90% of the received income, after deducting salaries, commissions and charges. The company-shareholder can – as of income year 2018 – deduct 100% from the taxable basis of the income distributed by the sicav resulting from dividends or from capital gains on shares, which meet the requirements of the RDT/DBI deduction. The fund follows the equity strategies of the MercLin Global Equity fund.

Technical data

Fund Name:

MercLin Institutional Fund

ISIN MercLin DBI/RDT R:

BE6213770470

ISIN MercLin DBI/RDT F:

BE6282942588

Bloomberg:

MERCINS BB

Domicile:

Guimardstraat 18, BE-1040 Brussels, Belgium

Legal status:

Belgian institutional SICAV with sub-funds in financial instruments and liquid assets

Type of shares:

Distribution

Management company:

Degroof Petercam Asset Services S.A.

Financial Agent:

Bank Degroof Petercam N.V.

Custodian:

Bank Degroof Petercam N.V.

Delegation of the administration:

Bank Degroof Petercam Luxembourg S.A., Brussels branch

Delegation of intellectual management:

Mercier Vanderlinden Asset Management

Distributor:

Bank Degroof Petercam N.V.

Auditor:

PwC

Maturity:

Not determined

Share Price Publication:

www.merciervanderlinden.com

 

Minimum subscription amount Merclin DBI/RDT R:

250.000,00 EUR

 

Minimum subscription amount Merclin DBI/RDT F:

50.000.000,00 EUR

 

Subscription fee:

Max 3% (0% Mercier Vanderlinden)

 

N.A.V. calculation:

Weekly on Thursday

 

Assets under management:

353,7 m EUR

 

Inception:

7/11/2010

 

TOB on exit:

No

 

Withholding Tax:

30%

 

Tax on UCITS investing more than 10% of their assets in debt claims:

No

 

Subscription/Redemption:

Before Thursday 1:15 PM

 

Anti-Dilution Protection:

0,08% at Subscription, 0,08% at Redemption

 

Performance Fee:

No

 

Risk indicator

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
Typically lower risks & rewards
Does not mean a risk-free investment
Typically higher risks and 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 charges 5

Information document

Class R

0,8% annual

0,9%

Class F

0,6% annual

0,69%
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 information document and the periodic reports are available free of charge with the financial agent: Bank Degroof Petercam S.A., 44 rue de l'Industrie, B-1040 Brussels. Any subscription in the fund should be done on the basis of the information document.

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.

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.

7 No information available for this period as Class F was only created in 2016.