1. PF Slnko

Fund performance

Basic information

Who is the fund for

The mutual fund is intended for conservative investors who prefer capital protection to risky maximisation of return on investment. We recommend it to investors who expect appreciation above standard bank products and wish to deposit their funds for four years and more. The mutual fund has a conservative investment strategy. If an investor invests for a period shorter than the recommended investment horizon, they incur an increased risk of not achieving the investment strategy’s goals.

Fund detail

Fund characteristics:

• For conservative investors
• Recommended as an alternative to a term deposit
• Investment horizon of over 4 years
• Capital protection is preferred to return maximisation
• Conservative Eurobond fund
• Investments largely in EUR
• Medium-low market risk
• The fund invests in bonds (government, corporate and mortgage bonds) and money market instruments (bills of exchange, treasury bills) and bond mutual funds
• The fund also invests in bond mutual funds

Awards received:

Investment strategy:

The aim of the investment strategy is to invest the mutual fund’s assets mainly in government bonds, municipal and corporate bonds and mortgage bonds without regional restrictions, in bond mutual fund units in order to achieve appreciation through interest income from financial instruments as well as from price appreciation of financial instruments in the recommended investment horizon.

Investments in financial derivatives are used for the purpose of achieving returns as well as for the purpose of hedging against the mutual fund’s interest rate and currency risk.

Factors influencing the development of the value of assets in the fund are in particular:

Average impact:

Economic development of the economy in the countries to which the mutual fund’s investments will be directed.
General market risk arising from changes in the general level of market prices or interest rates.
Market risk arising from changes in the market value of positions in the mutual fund caused by changes in variable market factors, such as interest rates or a deterioration in the issuer’s creditworthiness.
Specific market risk arising from such a change in the price of only one issuer of the relevant financial instrument that is not related to changes in the general level of market prices or interest rates and is caused by factors related to the issuer of the relevant financial instrument and financial derivatives of the issuer of the relevant underlying instrument.
Interest rate risk arising from changes in interest rates and their impact on the value of mutual fund assets.
Currency risk arising from changes in currency exchange rates and their impact on the value of the mutual fund’s assets in the denomination currency of the mutual fund.
The risk of an event due to unforeseeable circumstances that cause a market or financial instrument to decline in a sudden or unexpected manner when compared to the general behavior of the market and in a manner that exceeds the normal range of value fluctuations.