Annual Report 2019

Annual Report 2019

Annual Report 2019 Unit Class : Institutional Author: 3K Investment Partners – Reference Date: December 31st, 2019 2019 was a great year for the Greek stock market, having achieved profits of More specifically, the organic results of Jumbo are in line with the company's around 54%. This performance, because of the strong rise of bank securities’ goals, while its activities from Greece are showing an upward momentum. prices, overshadowed the respective positive returns of European markets. The change in the attitude of the Central Banks on monetary policy abroad Both banks that we hold are ahead in terms of "consolidation" of their balance and the change in the domestic political landscape have greatly improved the sheets, while at the same time they offer better profitability prospects. Terna investment interest. Energy has a well diversified portfolio of renewable energy sources with great prospects for growth, due to the favorable environment both in Greece and The mutual fund recorded earnings of 38,091% within 2019, lagging behind abroad with respect to the development of clean types of energy. Finally, PPA the benchmark by 15,5%. This difference is mainly due to the reduced continues to show good financial results with its growth prospects being quite positions of the fund in banks and, secondarily, to liquidity, due to the positive, due eto th major shareholder’s investment program. constant inflow of money. We would like to repeat that we aim the core portfolio to consist of The most positive contribution to the return on mutual funds was provided by companies with excellent management, which increase their profitability and Jumbo, Eurobank, Terna Energy, Piraeus Port Authorities (PPA) and National value while their price is attractive. Bank. These companies are considered to have attractive investment characteristics and therefore hold an increased weight in the fund's portfolio. Performances Cumulative Performance Annual Performance 45 45 25 30 5 15 0 -15 1Y 3Y 5Y -35 2015 2016 2017 2018 2019 Mutual fund's Net Price evolution versus Benchmark 130 120 110 100 90 80 70 60 50 Fund 100 % ASE (TR) UCITS DO NOT HAVE GUARANTEED PERFORMANCE AND PAST RETURNS DO NOT ENSURE FUTURE ONES Annual Report 2019 Unit Class : Institutional Distribution by capitalization size Weight of the main holdings < 50mln (10 companies) 6,89% Top 5 holdings 29,77% 100mln > 50mln (3 companies) 2,71% 500mln > 100mln (9 companies) 21,73% Top 10 holdings 49,50% 1bn > 500mln (8 companies) 24,82% Top 20 holdings 75,12% ≥ 1bn (9 companies) 36,61% 0,00% 20,00% 40,00% 60,00% 80,00% 0,00% 10,00% 20,00% 30,00% 40,00% Distribution of holdings by sector Indicators Fund: 17,79% 1‐year volatility Benchmark: 17,64% Technology 2,58% Industrial 4,80% Number of lines 39 Average cap. of equities 804 mln Cash 6,32% Median cap. of equities 300 mln Basic Materials 7,25% Utilities 8,36% Energy 10,54% Consumer, Non-cyclical 18,20% Consumer, Cyclical 19,76% Financial 22,20% 0,00% 5,00% 10,00% 15,00% 20,00% 25,00% Main holdings Main contributions to performance in absolute terms Name Sector Country Net asset % Name Contrib. Name Contrib. Jumbo SA Consumer Cyclical Greece 7,69% Jumbo SA 3,40% Ellaktor SA ‐0,50% National Bank of Greece Financial Greece 6,75% Eurobank 3,26% Thessaloniki Water Sup. ‐0,28% Piraeus Port Authority Consumer Non‐Cyclical Greece 5,56% Terna Energy 2,65% MLS Innovation ‐0,23% Eurobank SA Financial Greece 4,97% Piraeus Port Authority 2,52% Titan Cement Preferred ‐0,15% Mytilineos Holdings Industrial Greece 4,80% National Bank of Gr. 2,49% Titan Cement Common ‐0,12% Main Characteristics Legal Form UCITS / Greek Mutual Fund Launch Date 13/07/2017 Unit Class Institutional Recommended Investement Period Over 5 years ISIN Code GRF000163003 Custodian Bank of Piraeus Bloomberg Code NNHELEQ GA Maximum Subscription Fee 0% Benchmark 100% ASE (TR) Exit Fee 0%, NAV/AuM 10,89 € / 18,34 M € Management Fee 0,20% Unit NAV period Daily based on prices on market close UCITS DO NOT HAVE GUARANTEED PERFORMANCE AND PAST RETURNS DO NOT ENSURE FUTURE ONES Annual Report 2019 Unit Class : Institutional Disclaimer The elements contained in this document have been prepared solely for informational purposes. Under no circumstances should this document be considered as an investment advice or an offer ‐ incitement for investing in mutual funds managed by 3K Investment Partners M.F.M.C. Single Member SA. For the disposal of units of UCITS in Greece, the provisions of Law 4099/2012 and the decisions of the Capital Market Commission, which have been delegated by virtue of this law, are in force and are applied. Investments may be suitable for professional or private investors only upon personal investment advice from a professional who has signed a written agreement with the investor concerned. While particular attention has been paid to the contents of this document, no guarantee, warranty or representation, expressed or implied, is given, regarding the accuracy, correctness and adequacy of the contents of this document. Any information contained in this document is subject to change or update without notice. Neither 3K Investment Partners, nor any of its officers, directors or employees can be held direct or indirect liable or responsible with respect to the information and judgements of any kind expressed herein. No direct or indirect liability or obligation is accepted for losses that may be incurred by readers / investors / prospective investors from the use of this document or basing any decision on it. Investments involve risks; while investments in UCITS do not offer guaranteed performance and any past returns do not secure future ones. Please note that the value of your investments may increase or decrease and that past returns are not indicative of future performance and are never considered as such. This presentation and information contained herein may not be copied, reproduced, distributed or passed to any person at any time without prior written consent of 3K Investment Partners. Any claims arising out of or relating to the terms and conditions of the "disclaimer" are subject to the applicable law. The prospectus and the Key Investor Information document of the Mutual Fund are available (free of charge) in Greek and in English in the offices of 3K Investment Partners, 25 ‐29 Karneadou Str, 106 75, Athens, Greece and on the website: www.3kip.gr. Management Company: 3K Investment Partners M.F.M.C. Single Member SA – Address: 25‐29 Karneadou Str, 10675 Athens‐ General Commercial Registry Number: 1003501000 ‐ Ministry of National Economy decision: 38476/Β 1288/13‐09‐1990 Custodian: Piraeus Bank ‐ Supervising Authority: Hellenic Capital Market Commission UCITS DO NOT HAVE GUARANTEED PERFORMANCE AND PAST RETURNS DO NOT ENSURE FUTURE ONES .

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