Where it invests
Shares and share-linked securities of European Union companies, with equity market exposure between 40% and 130% of the fund value.
Securities investment funds · European equities
BIZ Europa Bull
Invests in shares of European Union companies. It is the fund for those who want to share in the growth of European companies, accept high fluctuations and think at least three years ahead.
Risk indicator5 of 7
Minimum recommended term3 years
Initial subscription€1,000
Illustration of the concept. It does not represent fund performance.
About the fund
European equities, actively managed
BIZ Europa Bull is an open-ended alternative investment fund, managed by BIZ Capital and supervised by the CMVM. It invests in shares and equity-linked securities of European Union companies, with stock market exposure of between 40% and 130% of fund value.
Management seeks to balance return, liquidity and risk, with regular and high portfolio turnover supported by quantitative models. Transaction costs may weigh on results. The fund invests mainly in euro assets and may use leverage of up to 30% of portfolio value.
It is aimed at investors with a high tolerance for fluctuations, a stable financial position and a horizon of at least three years. There is no guarantee of capital or return.
Strategy
How the fund is managed
What it seeks
To maximise returns through regular and high portfolio turnover, guided by quantitative models.
How it manages risk
It uses derivatives for hedging and portfolio management, without additional risk exposure. Leverage is limited to 30% of the portfolio.
Management commentNovember was positive for equities and bonds. The management team stresses the importance of a long-term strategy to grow and preserve capital.
Performance
Fund and benchmark
BIZ Europa BullEURO STOXX, with dividends
Calendar years, from 31 December to 31 December. The annualised return is the average yearly rate over each period, based on the unit values.
Fund: class A, daily unit value, provided by the management company. Benchmark: iShares EURO STOXX ETF in euros, with dividends, from justETF, because the official factsheet calls it Euro Stoxx 300. Between published dates, the benchmark line joins the points.
Past returns do not guarantee future returns. Prototype: data to be validated by the manager.
Composition
Where the fund invests
Data as of 30/11/2023
Top holdings
- iShares Core Euro ST11.76%
- ISHR EUR600 PERSNL10.09%
- Lyxor EURSTX600 TECH9.59%
- ISHR EUR 600 Healt8.04%
- Lyxor EURO Stoxx Bks7.38%
Sectors
Countries
The fund's official monthly factsheet, November 2023, the latest we found published. The factsheet only lists the top 5 holdings, with names abbreviated as they appear in the document.
Terms
Fund details
| Management company | BIZ Capital SGOIC, SA |
|---|---|
| Currency | EUR |
| Class | Open-ended alternative investment fund |
| Benchmark | Eurostoxx 300 Index |
| Initial subscription | €1,000 |
| Subscription fee | 0% |
| Redemption fee | 1% up to 1 year, 0.5% up to 2 years, 0% thereafter |
| Management fee | Class A: 3.00% · Class B: 1.00% |
| Variable management fee | Up to 30% of the excess over the benchmark, if the final return is positive |
| Redemption payment | 4th business day after the redemption period |
| Income | Accumulation |
| Inception | 23/11/2020 |
| ISIN class A | PTBZSCHM0003 |
| ISIN class B | PTBZSDHM0002 |
|---|---|
| Equity exposure | Between 40% and 130% of fund value |
| Investment in other funds | Up to 30% of fund value |
| Leverage | Up to 30% of portfolio value |
| Top-ups | €100 |
| Custody fee | 0.14% per year |
| Ongoing charges (2023) | Class A: 3.79% · Class B: 1.71% |
| Valuation | Weekly, on Mondays |
| Subscription and redemption | From Tuesday 9:00 to Monday 12:00, at an unknown price |
| Depositary bank | Bison Bank, S.A. |
| Auditor | BDO & Associados, SROC |
| Assets (30/09/2026) | €1.16m |
| Unit value, class A (26/10/2026) | €1,145.87 |
Data from bizcapital.eu, the prospectus and the official fund documents, accessed on 6/11/2026. Assets and unit value: DECO PROteste. Always check the Key Information Document.
Documents
Fund documents
Frequently asked questions
The essentials about the fund
What does the fund invest in?
Shares, convertible bonds, warrants and other equity-linked securities of European Union companies. It may also hold debt, short-term assets, derivatives and up to 30% in other funds.
What is the risk?
The risk indicator is 5 out of 7. There is no capital guarantee. The main risks are loss of capital, liquidity, borrowing, concentration, management and conflicts of interest, as the fund may invest in other BIZ Capital funds.
How much does it cost?
There is no subscription fee. Redemption costs 1% up to 1 year, 0.5% up to 2 years and nothing after that. The fixed management fee is 3% for class A and 1% for class B, with a performance fee of up to 30% of the excess over the benchmark. Ongoing charges in 2023 were 3.79% and 1.71%.
How do I subscribe and redeem?
The window is weekly, from Tuesday 9:00 to Monday 12:00. The initial minimum is €1,000 and top-ups start at €100. The price is unknown when you place the order: the unit value of the business day after the window applies. Redemptions are paid on the 4th business day after the window closes.
What is the difference between classes A and B?
They differ in the fixed management fee. Subscribing to class B requires a minimum net subscription balance of €750,000.
Does the fund pay dividends?
No. It is an accumulation fund: income stays in the fund and is reflected in the unit value.
How is it taxed?
Income is taxed on exit, at redemption. For resident individuals, the gain is subject to a final 28% withholding tax, with the option to aggregate it with other income. Your personal situation may change this treatment.