It is thrifty to prepare today
for the wants of tomorrow.Aesop, VI century BC

Funds

FB Income Fund

FB Income Fund E osak

ISIN:EE3500110202
Bloomberg:FBINCFE ET

 

FB Income Fund S osak

ISIN:EE3500110210
Bloomberg:FBINCFS ET

 

 

Investment Objective

 

The Fund’s investment objective is to offer investors stable and predictable returns at above deposit and inflation rates (between 4.5% and 11.5% p. a.) over three to seven years. Ideal for those targeting moderately conservative risk levels.

 

 

The Fund’s Strategy

 

Maintain exposure to corporate debt (bonds) at no less than 60%. Like with most investments, these investments can sometimes go bad. We do not guarantee that our strategy’s objectives will be achieved. These objectives cannot be viewed as either a promise or a guarantee of success.

 

 

Risk management

 

Driven by rigorous risk control procedures including:

  • strict issuer selection criteria;
  • clear and transparent business requirements;
  • requirements for the issuer to have a stable and transparent cash flow adequate to service its corporate debt; 
  • control over decision-making through the company’s BoD or Management Board; 
  • in-depth credit analysis; 
  • monthly monitoring of the issuer’s financial performance.

 

The Fund’s Highlights

 

Markets: Europe, United States

Instruments: 

≥ 4% coupon and ≥ 1-year corporate bonds

Currency: USD (ISIN EE3500110210), EUR (ISIN EE3500110202)
Unit cost: 1,000 EUR (or USD 1,000 depending on the currency invested)
Minimum investment: 

50,000 EUR (or USD 50,000 depending on the currency

invested)

Investment term: three years and above
Asset mix:  

at least 60% in financial instruments

Risks: VaR (Value at Risk) of < 5% for 20-day holding period at 99% confidence level
NAV:Weekly
Dividends: Not applicable
Management fee:

- 1.5% p. a. of the portfolio’s value;

- performance fee: up to 10% of the unit NAV premium over its historical record high

Investor costs:

- issue fee 0.5% (the unit issue fee is determined as a percentage of the market value of the units being purchased)

- exit fee 1.0% or 1.75% within the first year (the unit exit fee is determined as a percentage of the market value of the units being sold)

Custodian: Swedbank
Reporting period: Month

 

 

Total Returns

 

FB Income Fund

11-12.2014

2015

2016

2017

E-osakud

1.507%

9.173%

8.998%

8.888%

S-osakud

1.505%

9.075%

9.115%

8.839%

 

 

 


 

When the materials provided by AS FB Asset Management use figures to describe average returns on investment or changes from such average returns, the relevant indicators are only probabilistic forecasts based on historical performance. AS FB Asset Management does not guarantee a return on investment as it fully depends on the stock market performance. Investors will always decide for themselves whether to take all associated potential investment risks. Risk taking is the cost incurred by the investor for sharing in the returns. (risk overview).