Overview

Investment Objective

The investment objective of the Taaleri Eastern Europe Value Fund is in long term to exceed the performance of the MSCI EM East Europe 10/40 TR -index by using active stock picking style with a focus on value stocks.

Growth of 100 (EUR)

8/31/19

Risk Level 6/7

1 = Lower risk, lower expected return
7 = Higher risk, higher expected return

ISIN
FI0008814231
Inception Date
2/13/09
Net Asset Value (NAV)
204.54 EUR
9/13/19
Total Net Assets (mil)
4.98 EUR
7/31/19

Fund Benchmark

MSCI EM Eastern Europe 10/40 PR EUR (100%)

Performance

Trailing Returns

9/13/19

Year to Date
19.59%
3 Years Annualised
4.58%
5 Years Annualised
0.95%
10 Years Annualised
2.11%

Return/Risk Analysis

8/31/19

Morningstar
Risk Measurement 1 Year 3 Years 5 Years
Standard Deviation 19.06 15.56 17.59
Sharpe Ratio 0.82 0.29 0.14
Positive Months 7 20 33
Negative Months 5 16 27

Portfolio

Asset Allocation %

Net
Stocks 91.98
Bonds 0.00
Cash 8.02
Other 0.00

Stock Sector Weightings %

Fund
Cyclical 35.78
Basic Materials 7.44
Consumer Cyclical 0.00
Financial Services 20.12
Real Estate 8.21
Sensitive 61.09
Communication Services 3.45
Energy 36.31
Industrials 5.04
Technology 16.29
Defensive 3.13
Consumer Defensive 3.13
Healthcare 0.00
Utilities 0.00

Country Exposure %

Fund
Russia 62.92
Poland 12.10
Turkey 9.15
Switzerland 7.91
British Virgin Islands 4.80
Ukraine 3.13

Top 10 Holdings

56.87% of total assets in the fund

  1. Gazprom Neft PJSC ADR
    United States
    7.95%
  2. Sberbank of Russia PJSC ADR
    United States
    7.38%
  3. PJSC Lukoil ADR
    United States
    7.27%
  4. Yandex NV Shs Class-A-
    Netherlands
    6.79%
  5. Tatneft PJSC ADR
    United States
    5.44%
  6. Koc Holding AS
    Turkey
    4.63%
  7. Mail.ru Group Ltd GDR
    United States
    4.41%
  8. LSR Group PJSC GDR
    United States
    4.37%
  9. Gazprom PJSC ADR
    United States
    4.33%
  10. Rosneft Oil Co GDR
    United States
    4.29%

Fees and Expenses

Switching Fee
0.00%
Exit Charge
1.00%
Initial Charge
1.00%
Ongoing Charge
2.00%
Performance Fee
20.00%
Management Fee
2.00%
Total Expense Ratio (TER)
2.11%

Purchase Details

Additional Investment
100 EUR
Initial Investment
100 EUR

Portfolio Managers

Mika Heikkilä

Mika Heikkilä

Head of Equities
Portfolio Management
Helsinki
+358 50 554 3866

Filings