NAV6/14/2024 Chg.+0.0400 Type of yield Investment Focus Investment company
103.7700EUR +0.04% reinvestment Money Market Worldwide IQAM Invest 

Investment strategy

The goal of the fund is to obtain higher rates of interest than on the money market for a short to medium-term investment horizon. To achieve this aim, the fund primarily invests in bonds and money market instruments which are issued or guaranteed by EEA member states or their units of government or are issued by supranational issuers. Corporate bonds and money market instruments are limited to 70 per cent of the fund assets. The maximum average duration (unit measuring the risk of price changes caused by interest rate fluctuations) is 1.25 years. It is principally true that the higher the duration, the higher the risk of price fluctuations caused by changes in interest rates. The average residual maturity of the portfolio is a maximum of 3 years, while the maximum residual maturity for an individual investment may not exceed 5 years. For variable interest investments, the residual maturity is calculated on the basis of the next due date for an adjustment of the interest rate. Investments in financial instruments denominated in foreign currencies are not permissible. Derivatives are used exclusively for hedging purposes. Besides the Austrian Investment Fund Act and the fund regulations, the fund is also managed pursuant to § 25 of the Austrian Pension Fund Act, § 14 of the Austrian Income Tax Act and § 25 (10) of the Austrian Banking Act.
 

Investment goal

The goal of the fund is to obtain higher rates of interest than on the money market for a short to medium-term investment horizon. To achieve this aim, the fund primarily invests in bonds and money market instruments which are issued or guaranteed by EEA member states or their units of government or are issued by supranational issuers. Corporate bonds and money market instruments are limited to 70 per cent of the fund assets. The maximum average duration (unit measuring the risk of price changes caused by interest rate fluctuations) is 1.25 years. It is principally true that the higher the duration, the higher the risk of price fluctuations caused by changes in interest rates. The average residual maturity of the portfolio is a maximum of 3 years, while the maximum residual maturity for an individual investment may not exceed 5 years. For variable interest investments, the residual maturity is calculated on the basis of the next due date for an adjustment of the interest rate.
 

Master data

Type of yield: reinvestment
Funds Category: Money Market
Region: Worldwide
Branch: Values associated w/ Money Market
Benchmark: ICE BofAML Euro Government Bill Index
Business year start: 8/1
Last Distribution: 11/15/2022
Depository bank: State Street Bank International GmbH Filiale Wien
Fund domicile: Austria
Distribution permission: Austria, Germany
Fund manager: IQAM Invest GmbH, Isolde Lindorfer
Fund volume: 194.01 mill.  EUR
Launch date: 10/5/1998
Investment focus: -

Conditions

Issue surcharge: 0.50%
Max. Administration Fee: 0.07%
Minimum investment: 0.00 EUR
Deposit fees: -
Redemption charge: 0.00%
Key Investor Information: Download (Print version)
 

Investment company

Funds company: IQAM Invest
Address: Franz-Josef-Straße 22, 5020, Salzburg
Country: Austria
Internet: www.iqam.com
 

Assets

Money Market
 
99.83%
Cash
 
0.17%

Countries

Italy
 
11.53%
Austria
 
9.93%
Germany
 
9.71%
United States of America
 
5.73%
Finland
 
4.73%
Hungary
 
3.90%
Romania
 
3.45%
Iceland
 
3.10%
Jersey
 
2.98%
Netherlands
 
2.71%
Slovakia (Slovak Republic)
 
2.70%
France
 
2.68%
Korea, Republic Of
 
2.44%
Supranational
 
2.28%
Czech Republic
 
2.14%
Others
 
29.99%

Currencies

Euro
 
99.83%
Cash
 
0.17%