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Investment strategy
Ilya Muromets is an open-ended mutual fund that aims to secure stable returns above those of bank deposits while minimizing risk. It invests in Russian government, municipal and corporate debt, and cash (around 5%).
| Ilya Muromets |
29.07.10 |
| NAV per share, R |
17 689.53 |
| Change |
0.13% |
| Year-to-date performance |
12.84% |
| 1-year performance |
30.01% |
| 2-year performance |
20.07% |
| 3-year performance |
30.49% |
| NAV, R |
2 106 200 256 |
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Troika Dialog - Ilya Muromets |
CBonds Index |
TDBI Index |
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| Return |
8.13% |
8.21% |
6.98% |
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| Risk Metrics |
|
|
|
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Standard Deviation |
0.9% |
0.8% |
1.7% |
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Sharpe Ratio |
4.52 |
5.24 |
1.71 |
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Sortino Ratio |
6.70 |
6.24 |
2.29 |
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U P Ratio |
1.23 |
0.56 |
1.38 |
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Correlation |
|
1.00 |
0.53 |
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Alpha |
|
0.03% |
0.11% |
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Beta |
|
0.82 |
0.28 |
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R-squared |
|
0.53 |
0.29 |
| Figures for the year to December 29, 2006 (rub) | | TDBI - Troika Dialog Bond Index
RUX-CBonds Index - Russian Corporate Bond Index, compiled by CBonds, Russia-based news agency
Performance
In 2005, Troika Dialog - Ilya Muromets yielded 13.7%. The fund is the second largest on the market (after our fund Troika Dialog - Dobrynia Nikitich), and it was rated the best-selling mutual fund in the country in 2005, attracting more capital than any of its peers.
The fund currently has a fairly diversified portfolio comprising 30 Russian municipal and corporate bonds that we consider to have sound credit fundamentals and a reasonably low risk profile. We plan to continue our strategy of actively investing in such instruments in 2006.
Minimum investment
The minimum initial investment is 30,000 rubles. Thereafter, unlimited installments of 2,500 rubles upwards may be made, meaning that Ilya Muromets may be used like any other deposit account. This makes the fund a very convenient, safe and profitable way of saving towards a major purchase.
Management and redemption fees
Investing in the fund or making subsequent installments is commission-free. For redemptions or withdrawals, a fee of 0.5% is charged.
In 2004, the annual management costs (including the depository, registration and auditing fees) totaled 1.64%, of which our fee was only 1%. We continually strive to minimize charges for our clients.
For more information, call us today:
+7 (495) 540 5400
+7 (495) 258 0534
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