DELOS EXTRA INCOME 24months XVI - Bond Fund
(Change of name from “DELOS EXTRA INCOME VI 24months -Bond Fund” to “DELOS EXTRA INCOME 24months XVI -Bond Fund”, H.C.M.C. Approval Reception765/ 23.07.2026
Establishment:
H.C.M.C. Rule: 562 / 03.07.2024
Launch Date:
19.07.2024
Investment Objective
The Mutual Fund’s investment objective is to achieve higher returns in relation to other money market instruments and deposits or fixed income investments, by assuming the corresponding investment risk. In particular, through a strategic combination of investments in a diversified portfolio of bonds, money market instruments and other securities, the Fund seeks to offer at its maturity the assurance of the invested capital provided that there will be no credit event with the default of the obligations of the bond issuers, money market instruments and other securities in the portfolio. At the Mutual Fund’s maturity, there will be income from its bonds coupons and from interest on its deposits/money market instruments, capital gains may also arise from bonds that were purchased at a price lower than their nominal value (below par), after deducting all its expenses.
The Mutual Fund has a fixed duration and was initially due to expire on September 11, 2026. Following the amendment of its Regulation, it will expire 24 months after the completion of the New Asset Submission Period, i.e. by 2 November 2028.after the amendment of its Regulation it will expire after 24 months from the completion of its New Asset Submission Period, i.e. until 02.11.2028.
Investment Policy
To achieve its objective, the Mutual Fund mainly invests in selected short-term and/or medium-term corporate and government bond undertaking, with an average maturity of up to 2 years, as well as securities that can be called by their issuers until the Fund’s termination date, that can be traded in Greece and/or on organized markets abroad, with a goal the average maturity the Mutual Fund‘s asset to be less than or equal to 24 months. In particular, it is aimed that the bonds that will make up the portfolio of the Mutual Fund to be held until their maturity (buy & hold) in order to ensure the invested capital through the repayment of the bonds at maturity. Bonds that will expire before Mutual Fund’s maturity will be replaced with bonds having similar remaining duration with the maturity of the Mutual Fund or with money market instruments, such as eurozone treasury bills and other readily liquid assets, to ensure the interests of the unitholders. Secondarily, the Mutual Fund may invest in money market instruments, in deposits, in other bonds and transferable securities, in UCITS, in other collective investment undertakings under item (e) of paragraph 1 of Article 59 of Law 4099/2012, as well in derivatives.
During the New Asset Submission Period, a significant portion of its assets will be held in cash or money market instruments and will be gradually reinvested in bonds, with exposure increasing as the end of the period approaches, so that the portfolio will then be fully aligned with the investment policy of the Mutual Fund. Compliance with the investment limits of this Regulation and the applicable legislative framework (article 61 of Law 4099/12, as applicable) will also be ensured on an ongoing basis. The Mutual Fund will be fully aligned with the limits applicable to its category within a period of up to two months from the commencement of the New Asset Submission Period. Furthermore, in the event that the average percentage of investment in bonds during a calendar quarter deviates from the prescribed limits applicable to the category of the Mutual Fund by the percentage defined in article 12 par. 2 of Decision No. 6/587/2.6.2011 of the Capital Market Commission, the Company will provide special information to the unitholders in accordance with the provisions of Decision No. 6/587/2.6.2011 of the Capital Market Commission.
Based on the specific investment policy, the investment risk of the Mutual Fund is estimated to be medium – low.
Targeted Investors
The Fund is suitable for investors with an investment horizon of twenty-four (24) months who wish to invest in a diversified portfolio of selected bond securities and money market instruments, who have basic knowledge and/or experience of financial markets and investment products, who understand and are willing to accept market risk and intend to commit their capital for the recommended holding period of twenty-four (24) months.
Prices
Share Prices of the Fund in table and graph.
Returns
Returns of the Fund for the time horizon that you choose.
Factsheets M/F
Factsheets for the Fund in Adobe Acrobat (.pdf) by choosing from the following list.