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BG Long Term Value I-Share ISIN LU1266864989 | Equity

About the fund


BG Long Term Value was launched in December 2004. The Fund is a long only, Europe-focused, predominantly large cap, active stock picking Equity Fund.
BG Long Term Value aims at outperforming the Euro Stoxx 50® Net Total Return index.
The Investment philosophy is based on an event driven, fundamental value, stock picking approach.
The insight gained from the firm’s multi asset expertise provides the fund with a competitive advantage in the long only equity universe.
Primary return drivers consist of mispriced securities monetised through special situations and idiosyncratic events.

Portfolio Construction

The portfolio is predominantly built from the bottom up using a number of criteria related to investment sizing and risk-reward considerations. This is supplemented with a top-down process to ensure adherence to portfolio and risk guidelines including sector and geographic exposures and concentration.

The allocation of capital in the portfolio is dynamic. Each position competes for capital. Once an investment is established, the position is closely monitored on an ongoing basis. A holding will be sold when the discount to fair value has been realized or when the catalyst or event has occurred.


  • Geography: Western Europe
  • Industry: All sectors
  • Market Cap: Predominantly large caps, usually 85%+ market cap > Eur 4bn
  • Number of Holdings: c.70 core positions
  • Average position size: ~ 2.5% (range: 1% to 7.5%)
  • Top 5 positions: ~20%
  • Cash: Usually less than 5%


Fund features

Inception Date 29 September 2015
ISIN Code I-Share LU1266864989
Ticker Bloomberg BGLTVIE LX Equity
Currency EUR
Other available currencies USD, GBP
Benchmark Euro Stoxx 50® Net Return
Stoxx Europe 600® Net Return
Liquidity Daily
Cut off for transactions 10.00 am (Luxembourg)
Minimum subscription 1 million
(Plan d'épargne en actions)
Subscription fee Up to 3%
Redemption fee None
Management fee 1.00%
Performance fee 15%*


* (including tax) of the relevant Shares’ outperformance compared to the higher of (A) zero and (B) the performance of the Stoxx Europe 600® Net Return index over the Performance Reference Period as defined in the prospectus

2010 Fundinfo

NAV & performance at 27/09/2023

NAV1,290.71 EUR

WTD -1.7 %

MTD -3.62 %

YTD6.11 %

1 Year 3 years 5 years Since inception
BG Long Term Value 18.83 % 24.09 % 0.02 % 29.07 %
Euro Stoxx 50® Net Return 27.27 % 41.08 % 34.68 % 66.29 %
Stoxx Europe 600® Net Return 18.21 % 35.29 % 31.02 % 62.25 %


Risk warning: Past performance is no guide to future performance. The value of holdings may fall as well as rise and investors may not get back their initial investment. Performance displayed is net of fees with income reinvested and is calculated on a NAV to NAV basis. Performance data is estimated and unaudited.
If the currency in which the past performance is displayed differs from the currency of the country in which you reside, due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
Source: Bloomberg, Boussard & Gavaudan.


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