3K Balanced Fund - Unit Class R

Valuation Day

29/02/2024

Net Asset Value

6.2531

Risk level

Investment Scope

The investment objective of the mutual fund is to achieve the highest possible returns by managing a balanced, diversified portfolio of equities, debt securities (bonds) and money market instruments.

To achieve its objective the mutual fund invests at least 10% of its net assets in equities and at least 10% in debt securities, whereas it may invest at maximum 65% of its assets in equities or debt securities or deposits and money market instruments. It may also invest secondarily in other transferable securities, listed or to be listed in a regulated market of an EU Member state or in a regulated market of a non-member state, money market instruments listed or to be listed in a regulated market of an EU Member state or in a regulated market of a non-member state, bank deposits, units or shares in Undertakings for Collective Investments in Transferable Securities (UCITS) or other equivalent Undertakings and derivatives. The fund is actively managed by 3K Investment Partners, in order to respond to changing market conditions. The investment horizon on the basis of which it chooses the companies and in general the issuers in which it invests is long-term. The selection of companies is done after analysis and evaluation of parameters such as: growth perspective, company value, management quality, dividend yield, ESG factors and other qualitative and quantitative criteria. In addition, emphasis is given to the sizes of the sectors to which the companies belong, the opportunities and risks they involve. The fund may use derivatives mainly for hedging purposes, which may affect its performance.

The acquisition or redemption of units is possible every (working) day following the shareholder's request, on the corresponding subscription or redemption price, as calculated in accordance with the fund’s Regulation and published on the website of 3K Investment Partners (www.3kip.gr).

The mutual fund’s benchmark is the composite and consists of: 50% Total Return Index/Athens Stock Exchange General Index and 50% BEGCGA Index (Bloomberg Barclays Series – E Greece Govt  All > 1Yr   Bond Index). The fund implements active management over the benchmark, given that the selection of the fund's holdings in relation to the composition of the benchmark is at the discretion of 3K Investment Partners, hence the composition of the portfolio may vary from the composition of the benchmark. The fund’s benchmark is used for comparison purposes only and for the calculation of the "performance fee". The Total Return index of the Athens Stock Exchange and its administrator are registered in the register of Article 36 of Regulation (EU) 2016/1011. The BEGCGA Index and its administrator are no longer registered in the register maintained by ESMA based on Article 36 of Regulation (EU) 2016/ 1011, but the possibility of using the above reference index is still possible until 31.12.2023, as it derives from the public statement of ESMA dated 09.03.2021 80 -187 -188 “Impact of Brexit on the BMR”

Any profits and revenues occurred are reinvested.

 

 

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Past returns do not predict future returns

Historical NAV

Calendar Year Performance (NET %)

* The fund is actively managed and does not follow the benchmark.

The mutual fund's benchmark has been:

Since 1/12/2017 the benchmark BGRE Index (Bloomberg Greece Sovereign Bond Index) (50% of the benchmark) was replaced by BEGCGA (Bloomberg Barkley’s Series -  E Greece Govt All>1Yr Bond Index).

As of 01/01/2015 the mutual fund’s benchmark is the composite index: 50% Total Return Index/Athens Stock Exchange General Index and 50% BGRE Index (Bloomberg Greece Sovereign Bond Index).

As of 01/07/2013 to 31/12/2015 the benchmark of the mutual fund has been the composite index: 50% Total Return Index / Athens Stock Exchange General Index and 50% BofA Merrill Lynch Greece Government Index.

From 01/08/2011 to 30/06/2013 the benchmark applied was the composite index: 50% Total Return Index / Athens Exchange General Index and 50% Merrill Lynch EMU Direct Governments 3-5 years.

The graph has limited value as a guide for the future returns of the mutual fund, since mutual funds do not have guaranteed performance and past returns do not ensure future ones.

The costs, fees and taxes, that are borne by the mutual fund and taken into account in the calculation of past performance are the management fee, the custodian fee, expenses, commissions on transactions made ​​on behalf of the fund, any tax with respect to fund required by the applicable law, the remuneration of the auditors, the costs of statutory posts made ​​on behalf of the fund and the expenses relating to compulsory by law notification of the mutual fund’s unit holders.

This mutual fund, including the Retail unit class, was launched in 2006.

The past performance is calculated in EUR.

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Cumulative Performance (ΝΕΤ %)

EUR 1y 3y 5y
Fund 23,10 34,72 75,07
Share Class Benchmark 23,72 34,42 72,83
Date Report 31/01/2024

Practical Info

ISIN Code: GRF000071008
Currency: EUR
Unit class: Retail
Asset class: Multi Asset
Region: Europe

Risk and Reward Profile

The Summary Risk Indicator (SRI) is based on the assumption that you will keep the product for 5 years. The real risk may vary significantly if you liquidate earlier. The summary risk indicator is a guide to the level of the risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.

We have classified this product as 4 out of 7, which is the medium risk category because because it invests a significant percentage of its portfolio in equity and debt securities whose prices are particularly affected by factors such as the evolution of the financial market, the economic development of the issuers of these instruments, developments in the global economy and the economic and political conditions of each country. This rates the potential losses from future performance at "medium" and poor market conditions "could" have an impact on our ability to pay you. This product does not include protection against future market performance, so you could lose some or all of your investment. Risks that may be materially related to the product and which are not included in the summary risk index are the following: Counterparty Risk the risk that the settlement of transactions will not be fulfilled smoothly such as non-payment of money or valid delivery of securities by the counterparty. Operational Risk the risk related to potential malfunctions of the company's processes and systems. Liquidity Risk: Due to liquidity risk, unitholders in the event of a redemption: a) may receive less than the value they have in mind when they take the decision to liquidate the units (due to the decrease in the unit price that may occur in the meantime ) b) they may not be able to redeem the units at the time they wish. Also under extreme liquidity conditions the net price per unit may decrease significantly.

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Synthetic Risk and Reward Indicator

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