Diversified investment funds

  • 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 fund could be what you're looking for to get 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 the investment strategy pursued by KBC Asset Management NV. The specialists at KBC Asset Management base their decisions on an extensive analysis of the financial and economic developments, and the outlook for regions, sectors and themes, meaning you don’t have to keep a close eye on the financial markets and investments each day.

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

  • 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, while the target allocation for Global High is 75% shares and/or share-related investments and 25% 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. The target allocation of assets may be deviated from in line with the investment strategy of KBC Asset Management NV (see www.kbc.be/investment-strategy), such as when 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 Low is actively managed with reference to the following benchmark: 30% MSCI All Countries World Net Return Index - 35% JP Morgan EMU government bonds investment grade all maturities Total Return Index - 35% iBoxx Euro corporate bonds Total Return Index (www.MSCI.com). However, is not the aim of the fund to replicate the benchmark. The composition of the benchmark is taken into account when compiling the portfolio. The composition of the portfolio will to a large extent be similar to that of the benchmark. The benchmark is also used to assess the performance of the fund. The benchmark is also used to determine the fund's risk limitation mechanism. This limits the extent to which the fund's return may deviate from the benchmark. The longterm expected tracking error for this fund is 1.5%. The tracking error measures the volatility of the fund's return relative to that of the benchmark. The higher the tracking error, the more the fund's return fluctuates relative to the benchmark. Market conditions may cause the actual tracking error to differ from the expected tracking error.

Sivek Global Medium

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

Sivek Global Medium is actively managed with reference to the following benchmark: 55% MSCI All Countries World Net Return Index - 22,5% JP Morgan EMU government bonds investment grade all maturities Total Return Index - 22.5% iBoxx Euro corporate bonds Total Return Index (www.MSCI.com). However, is not the aim of the fund to replicate the benchmark. The composition of the benchmark is taken into account when compiling the portfolio. The composition of the portfolio will to a large extent be similar to that of the benchmark. The benchmark is also used to assess the performance of the fund. The benchmark is also used to determine the fund's risk limitation mechanism. This limits the extent to which the fund's return may deviate from the benchmark. The longterm expected tracking error for this fund is 2%. The tracking error measures the volatility of the fund's return relative to that of the benchmark. The higher the tracking error, the more the fund's return fluctuates relative to the benchmark. Market conditions may cause the actual tracking error to differ from the expected tracking error.

The risk indicator for Sivek Global Low and Sivek Global Medium is 4 on a scale of 1 (lower risk) to 7 (higher risk).

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
3 reflects how sensitive the various assets in which the fund invests are to the markets. Consequently, the indicator lies between that of a typical bond fund (2) and a typical equity fund (4).
This product does not include any protection from future market performance so you could lose some or all of your investment.
The risk indicator assumes you keep Sivek Global Low for 4 years an Sivek Global Medium for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less.

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. 

Sivek Global High

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

Sivek Global High is actively managed with reference to the following benchmark: 75% MSCI All Countries World Net Return Index - 12.5% JP Morgan EMU government bonds investment grade all maturities Total Return Index - 12.5% iBoxx Euro corporate bonds Total Return Index (www.MSCI.com). However, is not the aim of the fund to replicate the benchmark. The composition of the benchmark is taken into account when compiling the portfolio. The composition of the portfolio will to a large extent be similar to that of the benchmark. The benchmark is also used to assess the performance of the fund. The benchmark is also used to determine the fund's risk limitation mechanism. This limits the extent to which the fund's return may deviate from the benchmark. The longterm expected tracking error for this fund is 2.5%. The tracking error measures the volatility of the fund's return relative to that of the benchmark. The higher the tracking error, the more the fund's return fluctuates relative to the benchmark. Market conditions may cause the actual tracking error to differ from the expected tracking error.

The risk indicator is 4 on a scale of 1 (lower risk) to 7 (higher risk).

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
4 reflects how sensitive the various assets in which the fund invests are to the markets. The rating indicates that this fund invests primarily in more risky asset classes such as shares and equity funds.
This product does not include any protection from future market performance so you could lose some or all of your investment.
The risk indicator assumes you keep the product for 6 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less.

Moreover, an investment in this fund involves:

  • A high level of exchange rate risk: since there are investments in securities that are denominated in currencies other than the Euro, there is a considerable 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. 

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).

If net entries and exits involve exceptionally large amounts, KBC Asset Management may decide to levy additional charges on the investors concerned [who are buying or selling fund units on that day] to mitigate the negative impact on the net asset value. The size of this levy is based on the transaction charges incurred by the fund manager. Applied in very exceptional situations, this levy is in the interests of those investors remaining in the fund.

Ongoing charges CAP (Capitalisation)      DIS (Distribution)
Sivek Global Low 1.62% 1.62%
Sivek Global Medium 1.85% 1.85%
Sivek Global High 2.12% 2.12%

Tax treatment

  CAP (Capitalisation units) DIV (Distribution units)
Withholding tax rate 30% 30%
Withholding tax on dividends  /  
Withholding tax on redemption(1) See 'Asset test' at kbc.be/investment-legal-documents
See 'Asset test' at kbc.be/investment-legal-documents
Stock market tax on sale 1.32% (max. charge of 4,000 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. 

Practical information

Please read the Key Information Document, the fund fact sheet and the prospectus before investing in this fund. You can obtain these documents free of charge in Dutch and in English from your KBC or CBC branch or at www.kbc.be/investment-legal-documents or www.cbc.be/documentation-investissements. There you will also find a summary of your rights as an investor. This summary 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 its courts.
You can address complaints to complaints@kbc.be, tel. 016 43 25 94 or ombudsman@ombudsfin.be.

The net asset value can be found at www.beama.be or using our fund finder at www.kbc.be/fundfinder.

The financial services are provided by KBC Bank NV.

Learn more about Sivek Global Low

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Learn more about Sivek Global Medium

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Learn more about Sivek Global High

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

Make an appointment

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.