Diversified investment funds

via Sivek managed by KBC Asset Management NV

Diversified investment funds

via Sivek managed by KBC Asset Management NV

Put your eggs in a wide range of baskets

Opt for funds¹ that spread their investments over a broad spectrum of shares and bonds.

Invest from as little as 25 euros

An investment plan means you don't need a lot of money to start investing.

Get started without specialist knowledge

If you don't know a lot about investing, this is the ideal fund to get you started.

Is this something for me?

The purpose of an investment fund is to generate potential returns. Every investor is different, so we offer three variants each with its own individual mix of shares, bonds and other investments. Diversifying like this means you don’t put all your eggs in one basket and you spread your risks.

Decisions on which investments are made through these funds are based on KBC Asset Management's investment strategy. That's updated every month, so you don’t have to keep close track of the financial markets and investments each day.

Sivek, the Belgian open-ended investment company (bevek²), has three sub-funds that are managed by KBC Asset Management:

  • Sivek Global Low
  • Sivek Global Medium
  • Sivek Global High
It is also important to bear in mind that these funds do not offer a fixed return or capital protection, and that they do not have a maturity date. 

What are Sivek Global Low, Sivek Global Medium and Sivek Global High?

Global Low, Global Medium and Global High are sub-funds of Sivek, the Belgian open-ended investment company (bevek), and are managed by KBC Asset Management NV. They aim to generate a return by investing directly or indirectly in various asset classes, such as shares and/or share-related investments, bonds and/or bond-related investments, money market instruments, cash, and/or alternative investments (including real estate and financial instruments that are linked to price movements on the commodity market).

The target allocation for Global Low is 30% shares and/or share-related investments and 70% bonds and/or bond-related investments, while the target allocation for Global Medium is 55% shares and/or share-related investments and 45% bonds and/or bond-related investments. These sub-funds will invest primarily in units of undertakings for collective investment. 

Go for the right sub-fund

Each of the three sub-funds strikes a different balance between risk and return. The more a fund invests in shares, the more likely its value will fluctuate, but also the better its long-term return prospects may be.

The various target allocations used by our fund managers for each sub-fund are given below. Based on insights from KBC Asset Management's monthly investment strategy and keeping these target allocations in mind, our fund managers may deviate slightly within clearly defined limits. That could be where KBC Asset Management expects certain types of investments to do better than others. This means that cash, real estate and/or other alternative investments may be included in the fund.

Sivek Global Low

  • 30% shares and share-related investments
  • 70% bonds and bond-related investments
  • 0% cash, real estate and alternative investments

Sivek Global Medium

  • 55% shares and share-related investments
  • 45% bonds and bond-related investments
  • 0% cash, real estate and alternative investments

Risk and reward profile for Sivek Global Low and Sivek Global Medium
Risk and reward profile: 4 on a scale of 1 (lower risk) to 7 (higher risk).

Moreover, an investment in these funds involves:

  • A moderate level of inflation risk: the bond component does not provide any protection against an increase in inflation.
  • A moderate level of exchange risk: since investments are made in securities that are denominated in currencies other than the euro, there is a real chance that the value of an investment will be affected by movements in exchange rates.
  • A moderate level of credit risk: the bond component of this fund invests primarily – but not exclusively – in bonds with an investment grade3 rating. Consequently, the risk that an issuer can no longer meet its obligations is higher than when only in bonds with an investment-grade rating are invested in. If investors doubt the creditworthiness of the bonds' issuers, the value of those bonds can fall. There is no capital protection. 

Sivek Global High

  • 75% shares and share-related investments
  • 25% bonds and bond-related investments
  • 0% cash, real estate and alternative investments

Risk and reward profile for Sivek Global High
Risk and reward profile: 5 on a scale of 1 (lower risk) to 7 (higher risk).

Moreover, an investment in this fund involves:

  • A moderate level of exchange risk: since investments are made in securities that are denominated in currencies other than the euro, there is a real chance that the value of an investment will be affected by movements in exchange rates.
  • A moderate level of credit risk: the bond component of this fund invests primarily – but not exclusively – in bonds with an investment grade3 rating. Consequently, the risk that an issuer can no longer meet its obligations is higher than when only in bonds with an investment-grade rating are invested in. If investors doubt the creditworthiness of the bonds' issuers, the value of those bonds can fall. There is no capital protection. 
 

Charges

Units can be bought and sold on a daily basis.

  • Entry charges: 2.5%.
  • Exit charges: none.
  • Amount to discourage sale within one month of purchase: 5% (maximum).
Ongoing charges CAP (Capitalisation units) DIV (Distribution units)
Sivek Global Low 1.62% 1.71%
Sivek Global Medium 1.91%     1.90%
Sivek Global High 1.93% 1.93%

Tax treatment

  CAP (Capitalisation units) DIV (Distribution units)
Withholding tax rate 27% 27%
Withholding tax on dividends  /  
Withholding tax on redemption(1) See www.kbcam.be/assettest See www.kbcam.be/assettest
Stock market tax on sale 1.32% (max. charge of 2 000 EUR) /

(1) Applies to individual investors with a professional income who are subject to Belgian personal income tax.

Be ready to invest long term

Investing could be a good supplement to a savings account, provided you have what's known as a long investment horizon. In other words, you can see yourself investing, and can do without the money you invest, for a long time. Investing only money you can go without means that any interim price fluctuations will be less of a concern.

Start small with your investments

You don't need to have large sums of money to invest. A KBC Investment Plan lets you invest as little as 25 euros euros at a time. You can buy or sell units every day. 

Learn more about Sivek Global Low

  • Key investor information
  • Prospectus
  • Fund fact sheet

Learn more about Sivek Global Medium

  • Key investor information
  • Prospectus
  • Fund fact sheet

Learn more about Sivek Global High

  • Key investor information
  • Prospectus
  • Fund fact sheet

Read the Key Investor Information Document and the Prospectus before deciding to invest in this fund.

Practical information

The prospectus, the Key Investor Information Document (KIID) and the most recent periodic reports can be obtained in Dutch free of charge from KBC Asset Management NV and are also available to the public at www.kbcam.be. The net asset value can be found at www.beama.be or using our fund finder at www.kbc.be/fundfinder.

The prospectus and periodic reports are available free of charge in Dutch and English. The Key Investor Information Document is available in Dutch, English, French and German.

This information is governed by the laws of Belgium and is subject to the exclusive jurisdiction of the Belgian courts.

The financial services are provided by KBC Bank NV and CBC Banque SA.

If you have a complaint, you can send it to complaints@kbc.be, tel. 0800 62 084, and/or ombudsman@ombudsfin.be.

 

This page contains only marketing information. It does not contain any investment advice or investment research, just a summary of the product’s features. The information could change in the future.

1 The term 'fund' refers to the Global Low, Global Medium and/or Global High sub-funds of the Belgian open-ended investment company (bevek), Sivek.
2 Beveks are open-ended investment companies (‘bevek ’ - BEleggingsvennootschap met VEranderlijk Kapitaal in Dutch; 'sicav' - Société d’Investissement à CApital Variable in French). Undertakings for collective investment (UCI), a typical feature of these funds is that they can increase their capital at any time, without any formalities, by issuing new units or can decrease their capital by buying back existing units. As a result, investors can buy or sell units in the fund at any time, at the prevailing net asset value.
3 When assessing a bond, it is vital to consider the quality of the debtor: it is important to know whether the borrower is able to meet its commitments to pay interest and repay the capital. Most bond issuers call upon rating agencies for this. After carrying out an evaluation of the company’s financial situation at that moment, the agency awards a rating that reflects the creditworthiness of the issuer or the risk that not all of the amount borrowed will be repaid. Such a rating is not a recommendation to buy, hold or sell a bond. Ratings comprise one or more letters and certain symbols or figures. An investment grade rating (of at least 'BBB-' from Standard & Poor’s or an equivalent rating from Moody’s or Fitch) is generally regarded as indicating a less risky investment, whereas a sub-investment grade rating reflects a higher degree of risk. More detailed information on ratings is provided at www.esma.europa.eu (the ESMA's website).This information is governed by the laws of Belgium and is subject to the exclusive jurisdiction of its courts.

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