Fund Strategy
The goal of the fund is long-term capital growth. The primary categories of financial instruments include corporate bonds and other debt securities, as well as money market instruments issued by enterprises. The bond portfolio consists of corporate bonds from companies offering higher yields (High Yield) with maturities of up to 10 years and a minimum rating of B3/B- (Moody’s/S&P). The fund’s assets are broadly diversified across countries (Europe, including the Baltic states, North America, Asia), currencies (USD and EUR), economic sectors, between corporate bonds and other money market instruments, while interest rate risk and credit risk are adapted to changing market conditions.
The fund may invest up to 50 percent of its total assets in a single region. Before investing, the fund manager assesses the credit risk of issuers. Derivative instruments are not used in the strategy of the FB Corporate Bond Fund.
Why FB Corporate Bond Fund?
- Interest Payments: The fund pays out up to 50% of its earned interests twice a year, reinvesting the remaining funds. Interest payments are made on June 15 and December 15 or close to these dates.
- Low Entry Threshold: The minimum investment threshold for the fund is €10,000, with subsequent investments in multiples of €1,000.
- Competitive Fees in Estonia: The fund has a management fee of just 0.79% per year, and a 1% fee for withdrawals.
- Good Liquidity: Investors have the ability to enter or exit the fund once a month, offering flexibility and access to funds.
- Broad Diversification: The fund’s portfolio is extensively diversified across countries, sectors, currencies, and issuers with high market ratings.
- Local Bonds Included: The fund includes bonds from local Baltic issuers.
- Stability to Investment Portfolios: This fund contributes greater stability and predictable income to an investor’s overall investment portfolio.
Key Information
Fund Name: FB Corporate Bond Fund
ISIN: EE3500110228
Country of Registration: Estonia
Fund Manager: FB Asset Management AS
Registrar: Swedbank
Risk Level: Medium (4)
Base Currency: EUR
Interest payments: 2 times a year
Minimum Investment Amount: €10,000.00
NAV Reporting Period: Monthly
Additional Information: info@fbassets.eu
Risk Level
Fees
Management Fee: 0.79% per year based on the market value of the fund’s assets.
Exit Fee: 1%
Share Value
Performance Metrics
Net Asset Value (NAV) is the fair value of a fund’s assets minus its liabilities, including any short positions in securities. This figure is divided by the number of shares or units in circulation. Payments of interests to investors reduce the NAV, but this reduction is not considered an expense or a loss. NAV per share is calculated based on the assets and liabilities at the end of the last calendar day of each month and serves as the valid price for issuing or redeeming shares.
NAV (c) is the indicative cumulative fair price per share assuming that payments of interest to investors had not occurred. For calculating NAV (c), interests paid to investors throughout the fund’s operation are added back to the fund’s assets as of the reporting date. From this total, the fund’s liabilities are deducted, but liabilities for interests owed to shareholders on the reporting date are not subtracted. It’s important to emphasize that the indicative NAV is not the share price for entering or exiting the fund; rather, it allows for tracking the profitability dynamics of the fund’s chosen strategy.
For a more detailed overview and the procedure and terms of calculations, please refer to the fund’s terms.
Past performance of the fund or its operational history up to now does not constitute a promise or indicate the fund’s future performance or the achievement of its operational objectives.
Fund Performance
- September 2024↓ 0.527%
- Year on Year↓ 2.979%
- Year to date↓ 2.979%
- Since inception↓ 2.979%
Bond Portfolio
| Name | Code | Yield % | Current Yeild | YTM | Rating | Days to Experation |
|---|---|---|---|---|---|---|
| Lockheed Martin Corp 4.8% 34 | US539830CD97 | 4.8% | 4.67% | 4.48% | A2 | 3605 |
| Northrop Grumman Corp 4.9% 34 | US666807CL48 | 4.90% | 4.79% | 4.61% | BAA1 | 3530 |
| New Fortress Energy 8.75% 29 | USU6422PAD07 | 8.75% | 11.58% | 15.91% | B1 | 1626 |
| QVCN Corp 4.375% 28 | US747262AZ65 | 4.38% | 5.30% | 7.27% | B2 | 1431 |
| Kohl´s Corp 6% 33 | US500255AN46 | 6.0% | 8.71% | 9.02% | BA3 | 3089 |
| Navient Corp 6% 29 | US78490FJJ93 | 6.0% | 7.50% | 7.71% | BA3 | 3028 |
| Avis Car Rent 8% 31 | USU05375AV93 | 8.0% | 7.87% | 7.69% | B1 | 2328 |
| Iute Credit Finance 11% | XS2378486494 | 11.00% | 11.89% | 13.09% | B- | 735 |
Allocation by sectors
Allocation by ratings
Allocation by countries
Allocation by regions
Allocation by currencies
Disclaimer
This material is permitted for use only if it is preceded or accompanied by the current prospectus. Before investing, please thoroughly review the fund’s investment objectives, risks, fees, and expenses. This and other important information is contained in the current prospectus, which you should read carefully before investing or sending money. For more complete information about the FB Corporate Bond Fund, obtain additional information from the management company FB Asset Management by calling +372 8810300 or visiting the company’s website at www.fbassets.eu.
FB Asset Management AS does not provide investment advice. Investments in the fund are subject to risk, and there are no guarantees that the fund will achieve its investment objective. Risks associated with investing in the fund may increase during periods of significant market volatility. The main risks of investing in the fund include currency risk, volatility risk, asset holder risk, issuer risk, specific risks related to interest rate risk, political risk, as well as risks of foreign securities and emerging markets, and other risks. More detailed information about these and other risks can be found in the fund’s terms. Any performance data presented here represents past results. Past performance is not a guarantee of future results. Investment products of the fund are not government insured, carry investment risk, may lose value, and are not obligations or guarantees of any financial institution. Investment returns and principal value may fluctuate. This report is for informational purposes only and is not intended as an offer or solicitation regarding the purchase or sale of any securities.