NN Hellas Bond Fund - Unit Class I

Valuation Day

2023-05-31

Net Asset Value

14.1423

Risk level

Investment Scope

The investment objective of the mutual fund is to achieve the highest possible returns by investing in debt securities traded in Greece or abroad.

To achieve its objective the mutual fund invests at least 65% of its net assets in debt securities (bonds), whose issuers or guarantors are Member States of the European Union or public international organizations in which one or more member states or companies located in member state of EU participate and that are traded in regulated markets in Greece or abroad. It may also invest secondarily in other transferable securities, money market instruments, fixed income securities, bank deposits, units or shares in Undertakings for Collective Investments in Transferable Securities (UCITS). The mutual fund’s investment in equities may not exceed 10% of the fund's net assets. It is noted that the Fund is allowed to invest all its assets (100%) in transferable securities and money market instruments of the same issuer issued or guaranteed by the Greek State or other Member States of the European Union under the specific terms Referred to in its Regulation.

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 BEGCGA Index (Bloomberg Barclays Series – E Greece Govt All > 1Yr Bond Index). The mutual fund’s Benchmark is the Total Return Index/Athens Stock Exchange General 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, in the sense that for the portfolio management, 3K Investment Partners does not follow the composition of the benchmark. The fund’s benchmark is used for comparison purposes only.
Any profits occurred may be reinvested or distributed to unit holders by issuing new shares or by paying cash dividends at the discretion of 3K Investment Partners MFMC.

KIID

Strategy Brief

Fact Sheet

REGULATIONS

FINANCIAL REPORTS

PERFORMANCE SCENARIOS

Past returns do not predict future returns

Historical NAV

Calendar Year Performance (NET %)

The mutual fund is actively managed and does not follow any benchmark.

As of 01/12/2017 the fund’s benchmark is BEGCGA Index (Bloomberg Barclays Series – E Greece Govt All > 1Yr Bond . Before that, the benchmark was BGRE (Bloomberg Greece Sovereign Bond Index)

The Unit Class I, was established on 13.07.2017 and therefore there are and therefore there are sufficient data to provide a useful indication of past performance only for 2018, 2019, 2020, 2021 and 2022.

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 Unit Class are the management fee, the custodian fee, expenses, commissions and 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 was launched in 2017.

The past performance is calculated in EUR.

EUR	1y	3y	5y
Fund	-10,23	-11,35	19,25
Share Class Benchmark	-9,58	-12,07	17,75

Date Report 31/03/2023

Practical Info

ISIN Code:	GRF000162005
Currency:	EUR
Unit class:	Institutional
Asset class:	Fixed Income
Region:	Europe

Risk and Reward Profile

The mutual fund was established in 2017 and therefore there is no historical data on which would allow the calculation of the risk and performance profile.The fund is placed in this specific risk category, as it invests predominantly in debt securities, which have historically high fluctuation. Therefore the risk level is high.
Historical data may not be a reliable indication of the future performance of this fund.
There is no guarantee that the risk indicator will remain unchanged, it may shift over time.
The lowest category of risk (1) does not mean that the investment is risk-free.
The material risks associated with the mutual fund are the following:

The concentration risk, ie the risk arising from the fund's investment in an issuer, is high as a substantial part of the fund's investments is carried out in Greek government debt securities.
The credit risk, ie the risk of an issuer being unable to discharge its obligations is high, as the mutual fund invests mainly in debt securities.
The mutual fund’s liquidity risk is low. Liquidity Risks arise when a specific underlying investment is difficult to be liquidated, causing possible difficulty to redeem your investment from the mutual fund.

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