Monthly Performance Review of Publicly Offered CII in Ukraine. July 2023

According to the results of the month, the Ukrainian stock market indices closed with the following indicators: the UX index increased by +14.23%, and the PFTS index ended July unchanged, 0.00%.

According to the indicator of profitability "since the beginning of the year", funds with a public offer were distributed as follows: closed-end funds took the first place (+13.65% (+4.36% for the month)), the second place was taken by the sector of open-ended CIIs (+4.17%) (+0.06% for the month), interval CIIs were the third ones (+2.53% (+0.28% for the month)).

OPEN-ENDEDFUNDS

According to UAIB, the value of net assets (NAV) of 16 open-ended CIIs as at 31.07.2023  amounted to UAH 146.78 M. According to the indicators at the end of the previous period, the total increase of the NAV amounted to +UAH 2,132.78 k(+1.47%). The volume of payments to investors in July exceeded the volume of investments, so the total net outflow of funds in the sector amounted to     -UAH 327.72 k.

In July, rate of return of  open-ended CIIs ranged from +4.32% to -15.05%.

According to the July results, the following funds became the leaders in terms of NAV growth in the sector:

"OTP Fond Aktsii" (+UAH 488.11 k (+4.85%));

"KINTO-Klasychnyi"  (+UAH 345.17 k (+1.51%));

"KINTO-Kaznacheiskyi" (+UAH 9.39 k (+0.20%)) - in all funds the NAV increased due to the positive revaluation of the components of the investment portfolio.

The largest payouts to investors in July were made by the "OTP Classic" fund (+UAH 1,032.92 k (+1.46%)) - despite the increase in NAV and insignificant payouts to investors (-0.46% in circulation), the fund recorded a net outflow of capital in the amount of -UAH 327.72 k.

The main players in the sector were distributed as follows: the first place among open-ended CIIs in terms of market share was taken by the "OTP Klasychnyi" fund (48.79% of the total NAV (UAH 71.61 M)), the second step was taken by the "KINTO- Klasychnyi" fund (15.83 % (UAH 23.23 M )), the third place was taken by the fund "OTP Fond Aktsii" (7.19% (UAH 10.55 M )). The fourth place is held by the fund "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (6.16% (UAH 9.03M)), the fund "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (4.28% (UAH 6.29 M)) completed the top five leaders of the sector.

These funds showed the highest level of rate of return:

"OTP Fond Aktsii" (+4.32%), "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+2.16%) and "OTP Klasychnyi"  (+1.93%).

The lowest rates of change in the value of their securities in July were shown by the following funds: "Arhentum" (-15.05%), "Sofiivskyi" (-1.92%) and "Nadbannia" (-1.82%).

INTERVAL FUNDS

In July, 3 interval CIIs were included in the review, the net assets of which, according to UAIB, were equal to UAH 7.27 M. According to the indicators at the end of the previous period, the total decrease of the NAV amounted to -UAH 1,064.97 k (-12.78%).

The largest payments to investors in July were made by the fund "UNIVER.UA/Otaman: Fond Perspektyvnykh Aktsii" (-UAH 1,063.01 k (-17.47%)) - due to significant payments to investors     (-18.29% in circulation), the fund recorded net outflow of capital in the amount of -UAH 1,112.97 k .

According to the results of July by the level of profitability the funds in the sector were distributed as follows: "UNIVER.UA/Otaman: Fond Perspektyvnykh Aktsii" (+1.00%), "Zbalansovanyi Fond "Parytet" (-0.07%) and "TASK Ukrainskyi Kapital" ( -0.09%).

CLOSED-END FUNDS

In July, 2 closed-end CIIs were included in the review, the value of whose net assets at the end of the month amounted to UAH 7.01 M. According to the provided indicators, the total NAV of these funds increased by +UAH 296.53 k (+4.42%).

No funds made payments to investors or attracted their funds, so no changes in net capital were recorded in the sector.

According to the results of July by the level of profitability, the funds in the sector were distributed as follows: "Indeks Ukrainskoi Birzhi" (+6.28%) and "KINTO-Hold" (+2.44%).