# invest with us  3. 12. 2021

Current performance of the First Real Estate Fund

Our investors, shareholders but also all those who follow us on social networks and read comments on the development of the First Real Estate Fund (PRF) will certainly remember that in May 2021 the First Real Estate Fund expanded its portfolio to include land for the construction of a logistics center with a leasable area of approx. . 75,000 m2 near the Polish city of Wroclaw. 75,000 m2 near the Polish city of Wroclaw.

Two phases of the whole project are currently being completed and built. The logistics sector is very “hot” and enjoys extraordinary demand, so the newly built halls are already fully leased and begin to generate cash flow, which is reflected in the reassessment of market value and the shift of the project from under construction to fully functional leased real estate, which brought investors to PRF extraordinary additional revenue from the finalization of construction. Development projects in the construction process represent a “cost” item, which at the time of completion and lease changes into a revenue with a possible additional value (if the capital value of the project increases) and thus built and leased projects bring regular revenue based on rents. We are pleased that the decision to enter into this type of project, taking into account an acceptable level of risk, brings our investors an additional return on the fund’s portfolio. The logistics sector is very “hot” and enjoys extraordinary demand, so the newly built halls are already fully leased and begin to generate cash flow, which is reflected in the reassessment of market value and the shift of the project from under construction to fully functional leased real estate, which brought investors to PRF extraordinary additional revenue from the finalization of construction. Development projects in the construction process represent a “cost” item, which at the time of completion and lease changes to a revenue with a possible additional value (if the capital value of the project increases) and thus built and leased projects bring regular revenue based on rents. We are pleased that the decision to enter into this type of project, taking into account an acceptable level of risk, brings our investors an additional return on the fund’s portfolio.

The performance of the First Real Estate Fund for November 2021 reached 2.08% (valuation as of November 30, 2021) and the current value of assets in the fund is EUR 310,210,982.20. In the last 12 months (30.11.2020 – 30.11.2021) the performance of the fund reached 5.03% and since the establishment of the fund for the period from 20.11.2006 to 30.11.2021 it has reached a cumulative 136.41% which represents 5.89% p.a. In the last 12 months (30.11.2020 – 30.11.2021) the performance of the fund reached 5.03% and since the establishment of the fund for the period from 20.11.2006 to 30.11.2021 it has reached a cumulative 136.41% which represents 5.89% p.a.

Our effort and goal is to continue to benefit from the regular restructuring of the PRF portfolio according to the current market situation. You can find out more about the First Real Estate Fund at www.prf.sk You can find out more about the First Real Estate Fund at www.prf.sk

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This material is a marketing announcement. Before making any investment decision, review the sales prospectus, articles of association and key investor information document for IAD Investments, reports. spol., a.s. (hereinafter referred to as “IAD”) in the Slovak language at the registered office of IAD, at points of sale, at the registered office of the depositary or at www.iad.sk. For more information, contact your financial intermediary or www.iad.sk.

The value of the investment in the mutual fund may also decrease and the return on the amount originally invested is not guaranteed. There is also a risk associated with investing in mutual funds. In accordance with the mutual fund statutes, the share of securities issued by states and international organizations listed in the annex to the statutes of individual mutual funds may exceed 35% of the value of the fund’s assets, which may reach up to 100%. The IAD is obliged to pay out the unit certificate of the Prvý realitný fond and the Korunový realitný fond without delay, but no later than within an extended period of 12 months. Assets in the fund Prvý realitný fond is invested mainly in real estate, including accessories for the purposes of their management and sale, in ownership interests in real estate companies and in liquid financial assets, the economic nature of which results in close links with the real estate market. Korunový realitný fond has at least 85% of its assets continuously invested in the units of the Prvý realitný fond.