Objective: The Mutual Fund’s objective is to achieve consistent returns for the unit holder, by investing its assets mainly in high-yield deposits and in money market instruments, combined with a high degree of security.
Target Group: Individuals and legal entities that aspire to achieving satisfactory returns within the context of the yield structure of the short-term money market curve. The objective for the unit holder is met through professional fund management at a low cost, combined with immediate liquidity.
Investments: The fund invests primarily in high-yield time deposits and to a lesser extent in short-term government and corporate bonds. According to the regulation, the fund does not invest in stocks, but it may invest in derivative instruments in order to effect hedging or to optimize the management process.
Investment Risk: Low
Maturity: Short-term – Medium-term
Benchmark: Daily Euribor (EONIA)
Diversification: Investments are highly diversified with the aim of reducing counterparty risk.
Advantages:
- Daily valuation.
- Daily subscription - redemption.
- No Subscription or Redemption fees.
- No additional taxation obligation.
- Joint beneficiaries can be accommodated.
- Professionally managed by short-term curve specialists.
- Mutual fund’s units can be used as a pledge.
COMPOSITION OF ASSETS 31.12.2012
| DEPOSITS | 84.58% |
| DOMESTIC BONDS | 15.42% |
| INTERNATIONAL BONDS | 0.00% |
| DERIVATIVES | 0.00% |
1-year return (31.12.2011–31.12.2012): 7.17%
2-year cumulative return (31.12.2010-31.12.2012): 13.78%
3-year cumulative return (31.12.2009-31.12.2012): 18.72%
5-year cumulative return (31.12.2007-31.12.2012): 25.92%
General Information:
Fund assets as of 31.12.2012: € 258.7 M
Net price as of 31.12.2012: € 2.7386
Launch date 25.07.2003
Initial Capital: € 1.2 M
Base Currency: Euro
Unit Type: Cumulative
Subscription and Redemption Fee: 0.00%
Annual Management Fee: 0.25%
TER 2011: 0.33%
Subscriptions: Direct through custodian
Custodian: New Hellenic Postbank SA
Authorization Number: Gov. Gazette 860/30.06.03 part Β
Bloomberg Code: TTMMKMF GA
ISIN Code: GRF000048006
Website address: www.tteltaaedak.gr
Helpdesk: +30 210 331 6644