Gaspal Flexible annuel

Short-Term Bond

Select a share class
Flexible Annuel is a bond investment fund, primarily invested in short to medium-term fixed-income products, and secondarily in stocks and specialized equity investment funds.

Our commitments

— A ‘Best in Class’ SRI approach, which prioritizes the highest-rated issuers from an extra-financial perspective within their respective sectors.
— A demanding exclusion list: 0% exposure to fossil fuels, arms, and tobacco.
— A strong commitment to CO2: by the end of December 2022, 90% of our issuers committed to a Net Zero 2050 objective.
— An engagement policy at the heart of our investments through individual initiatives or investor coalitions.


Source : Morningstar The investment universe consists of 265 eligible issuers within the fund’s geographical zone, with assets exceeding 50 million euros, denominated in euros.

Funds’ evolution

Past performance is not necessarily indicative of future performance.

The information presented above does not constitute a contract or investment advice. The value of the investment may vary according to market fluctuations, and the investor may lose all or part of the capital invested, as UCIs are not capital guaranteed. Access to the products and services presented here may be subject to restrictions for certain persons or countries. Tax treatment depends on individual circumstances. Before subscribing, and for any further information on the characteristics, risks and fees of the UCI, investors are invited to read the regulatory documents available on the page of each UCI.

Choice of period:
Current index: Ester capitalized + 1% since 01/07/2021. Previously EONIA capitalized + 1%

Management team

Marie-Laurence Biswang
Michaël Yatime

Why should you chooseGaspal Flexible annuel?

– Conviction-based management with macroeconomic analysis.
– A fund aiming to achieve performance superior to its benchmark by investing in debt securities from the OECD, European Union, and the European Economic Area.
– Active management seeking to capture market opportunities in interest rates.

Annual Performance

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Technical data

NAV as of 21.05.2024
16.8 M€
Fund outstanding as of 21.05.2024
1.86 %
Volatility over 5 years as of 17.05.2024
1.01 %
Annualized performance over 5 years as of 21.05.2024

Technical characteristics

Reference indicator

Net dividends reinvested

Recommended minimum investment horizon


Funds managers




Ester capitalized +1%
2 years
M-L. Biswang - M.Yatime
2 on a scale of 1 to 7

Valuation price




Current costs (2022)

Management fee incl. VAT

Entrance fees incl. VAT

Exit fee incl. VAT

Closing price
Crédit Industriel et Commercial
Crédit Industriel et Commercial (CIC)

* SRI (Synthetic Risk & Reward Indicator, on a scale of 1 to 7): Level 1 = low risk & reward / Level 7 = high risk & potential for high reward.

Where and how to subscribe to the fund

Through a wealth manager at Trusteam Finance — Contact the Wealth Management team directly (contact details available on this page) to benefit from personalised support. We will suggest the solution best suited to your needs.

Through your bank — You can subscribe by sending the ISIN code associated with the fund to your usual contact. The fund can then be deposited in a securities account, a PEA (if eligible), a life insurance policy or a PERP.

Through your independent financial advisor — Your independent financial advisor will help you select the fund from the Trusteam Finance range that best suits your asset management needs.

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