Overview
Belgium's champions since 1996 — AB InBev's global beer empire and argenx's biotech breakout headline 43 names from Europe's crossroads economy.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ABI | AB InBev | 19.8% |
| ARGX | argenx SE | 17.0% |
| KBC | KBC Group | 7.9% |
| AGS | ageas | 4.7% |
| UCB | UCB SA | 4.3% |
| AED | Aedifica | 3.3% |
| ACKB | Ackermans & Van Haaren | 2.8% |
| SYENS | Syensqo | 2.6% |
| GBLB | Groupe Bruxelles Lambert | 2.6% |
| LOTB | Lotus Bakeries | 2.5% |
Fund Details
Investment Thesis
Two franchises carry the case: AB InBev, the world's brewer, deleveraging back toward its compounding era — and argenx, Europe's premier biotech grower, now a sixth of the fund. +15% as both engines ran, with KBC's bancassurance and a holding-company value sleeve underneath. Small-country funds live on their champions; Belgium's happen to be world-class and still Europe-priced.
Who It's For
Europe-focused investors who want two global franchises — beer's giant and biotech's riser — through one small-country fund.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $17.51 | -- |
| 2017 | $21.02 | +20.0% |
| 2018 | $16.34 | -22.3% |
| 2019 | $19.97 | +22.2% |
| 2020 | $19.62 | -1.7% |
| 2021 | $21.36 | +8.9% |
| 2022 | $17.92 | -16.1% |
| 2023 | $18.84 | +5.2% |
| 2024 | $18.29 | -3.0% |
| 2025 | $24.30 | +32.9% |
| Year | Yield |
|---|---|
| 2016 | 3.04% |
| 2017 | 3.04% |
| 2018 | 2.40% |
| 2019 | 3.03% |
| 2020 | 1.81% |
| 2021 | 3.66% |
| 2022 | 2.53% |
| 2023 | 2.20% |
| 2024 | 3.20% |
| 2025 | 1.86% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.1B | +0.0% |
| 2018 | $0.1B | +0.0% |
| 2019 | $0.1B | +0.0% |
| 2020 | $0.1B | +0.0% |
| 2021 | $0.2B | +100.0% |
| 2022 | $0.1B | -50.0% |
| 2023 | $0.1B | +0.0% |
| 2024 | $0.1B | +0.0% |
| 2025 | $0.2B | +100.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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