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Total Returns

(updated 31.07.2019)

Opportunity Fund

July 2019
0.248%
Year on Year
14.511%
Since March 2016 *
52.372%
* launch of operations

Income Fund (Unit E)

August 2019
0.702%
Year on Year
8.532%
Since November 2014 *
42.147%

Income Fund (Unit D)

August 2019
0.717%
Year on Year
3.15%
Since March 2019 *
3.15%
* launch of operations

FB Income Fund

The fund is focused on a stable projected income.

Why FB Income Fund?

  • The purpose of the fund is stable capital appreciation.
  • The fund is a liquid instrument, since the investor has the right to enter the fund and withdraw from the fund once a week.
  • Since the inception of the fund, the average annual yield has been 8-9%.
  • The fund has two types of units (Unit E and Unit D). Dividends on Units D are paid twice a year.

Assets Under Management

€ 8 144 576

(from 16.08.2019)

Strategy of FB Income Fund

A fund with a moderate level of risk that mainly invests in bonds unlisted on stock markets issued by businesses or financial institutions. Designed for investors with a moderately conservative risk level.

Historical performance of FB Income Fund Unit E

The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.

Total Returns of FB Income Fund Unit E

August 2019
0.702%
Year on Year
8.532%
Year to date
5.292%
Since inception
42.147%

Unit value FB Income Fund Unit E

(from 16.08.2019)

Unit NAV
1430.55
Buying price
1416.25
Selling price
1437.70

Risk management

The fund is based on strict risk management rules, which include:
  • criteria for selecting the issuer;
  • clear and transparent business of the issuer;
  • stable and transparent cash flow, which allows the issuer to service its corporate debt;
  • the ability to control decision-making through the board or the council of the company;
  • thorough credit analysis;
  • monthly control over the issuer’s financial indicators.

 

Investment goal

To give the professional investor an opportunity to receive stable projected income that exceeds interest rates on bank deposits and inflation in the next 3-7 years.

 

Yearly return FB Income Fund Unit E

2018
8.886%
2017
8.887%
2016
8.998%
2015
9.173%
2014
1.236%

FB Income Fund Unit D

Since 1 March 2019, the fund has issued a new type of unit (Unit D). Twice a year FB Income Fund Unit D pays to investors interest in the amount of 90% of the fund’s cumulative profit by this time.

The fund invests in the same bonds and money market instruments as the FB Income Fund Unit E.

Total Returns of FB Income Fund Unit D

 

August 2019
0.717%
Year to date
3.15%
Since inception
3.15%

The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.

Unit value FB Income Fund Unit D

(from 16.08.2019)

Unit NAV
1017.08
Buying price
1006.91
Selling price
1022.17

The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.

Yearly return FB Income Fund Unit D

 

Interest payout

Data20.06.201915.12.2019
Payout / unit (yield %)€10.79 (1.08%)0

Interest payout: Interest to be paid out is calculated twice a year and equals 90% of the fund unit’s profits accumulated by the last Friday of May and the last Friday of November of the current year. Interest is paid out within 3 weeks from the day the accumulated profits are calculated.

The Fund highlights

 

Managing company: FB Asset Management AS
ISIN Unit E / Unit D: EE3500110202 / EE3500110301
Bloomberg Unit E / Unit D: FBINCFE ET / FBINCFS ET
Markets: Europe
Instruments: ≥ 4% coupon and ≥ 1-year corporate bonds
Currency: EUR
Unit cost Unit E / Unit D: 1 000 EUR
Minimum investment: 100 000 EUR
Asset mix: at least 60% in financial instruments
Risk level: moderate
NAV: weekly
Dividends: for Unit E – not applicable;
for Unit D – dividends are paid twice a year (by 15 of June and 15 of December) in the amount of 90% of the fund unit’s cumulative profit by that time.
Management fee: 0.95% p. a. of the portfolio’s value
Issue fee: 0.5%
Registrar: Swedbank
Reporting period: weekly