Monthly Performance Review of Publicly Offered CII in Ukraine. April 2021

According to the results of the month, the UX index increased by 0.32%, and the PFTS index increased by 2.00%.

By the rate of return, sectors of CII with public issue had the following breakdown of the results: closed-end funds (+2.38% (+0.33%)), open-ended CII (+2.31% (+1.32%)), interval funds were in third place (+2.79% (-3.83%)).

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at 30 April 2021 amounted to UAH 183.26M. According to the data provided at the end of March, the total increase of net assets amounted toUAH 7,745.53k (+4.41%). The volume of investments of investors in April exceeded the volume of payments and the total net capital inflow in the sector amounted to UAH 8,567.56k.

The scope for rates of return of open-ended CII ranged from +4.14% to -5.66%.

According to the results ofApril, the following funds were the leaders of growth in the sector of open-ended CII:

“OTP Klasychnyi” (+UAH 6,985.65k (+8,09%)) – increase in NAV and attraction of investors' funds (+7.46% in circulation) allowed the fund to obtain the largest net capital inflow in the sector in the amount of UAH 6,460.22k;

“OTP Fond Aktsii” (+UAH 1,625.43k (+15.25%)) - due to the positive revaluation of the components of the investment portfolio and the increase by +16.77% of certificates in circulation, the fund received UAH 1,785.64k;

“UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (+UAH 474.06k (+6.04%)) - same, due to the positive revaluation of NAV and attraction of investors' funds (+1.82% in circulation) received UAH 149.26k of net capital inflows.

The largest decrease in NAV was recorded by the following funds:

“Argentum” (-UAH 41.88k (-2.81%)) - due to the decrease in the value of the investment portfolio components and payments to investors (-0.24% in circulation), the fund recorded a net outflow in the amount of UAH 3.67k;

“Sofiivskyi” (-UAH270.25k (0-5.66%)) the decrease in NAV was solely due to the negative revaluation of the components of the investment portfolio, no payments to investors were recorded;

“KINTO-Ekviti” (-UAH 183.05k (-3.77%)) - same, the decrease in NAV was solely due to the negative revaluation of the components of the investment portfolio, no payments to investors were recorded.

“OTP Klasychnyi” (50.94% of the total NAV (UAH 93.36M)) took the first place among the open-ended CII in terms of market share, the second one was the “KINTO-Klasychnyi” (16.46% of total NAV (UAH 30.17M)), the third got the fund “OTP Fond Aktsii” (6.70% (UAH 12.28M). Fourth place was taken by the fund “UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (4.54% (UAH 8.25M), the fund “UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv” (4.50% (UAH 8.25M)) closes the top five.

Thefollowingfundswereamongtheleadersintermsofrateofreturn:

“UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (+4.14%), “OTP Klasychnyi” (+0.58%) and “TASK Resurs” (+0.24%).

The worst indicators in April were demonstrated by funds:

“Sofiivskyi” (-5.66%), “Nadbannya” (-5.64%) and “KINTO-Ekviti” (-3.77%).

INTERVAL FUNDS

In April, the review included 6 interval CII, whose net assets, according to UAIB, amounted to UAH 19.31M. Compared to the indicators of this sector at the end of the previous month, the total NAV decreased by UAH 678.97k (-3.40%).

The largest payments to investors were made by the “Platynum” (-UAH 77.45k (-0.77%)) - due to redemption of 70 securities, the fund lost UAH 31.72k.

No other fund attracted investors, changes in NAV occurred solely due to the revaluation of components of investment portfolios.

The scope for rates of return of interval CII ranged from -8.15% to -0.45%.

The worst indicators in April were demonstrated by funds:

“KINTO-Narodnyi” (-8.15%), “Prinkom-Fond” (-7.91%) and “Princom-Zbalansovanyi” (-5.34%).

CLOSED-END FUNDS

The net asset value of 3 closed-end CII included in March review, at the end of the month amounted to UAH 12.69M. According to the provided data, total NAV of these funds decreased by UAH 407.02k (+6.86%).

No fund made payments to investors and did not attract their funds, so no changes in net capital in the sector were recorded.

Based on the rates of return, funds in the sector had the following breakdown of the results: “KINTO-Gold” (+4.63%), “TASK Universal” (+0.25%) and “Indeks Ukrainskoi Birzhi” (-3.90%).