CNP CYPRIALIFE - Income Fund

Income Fund

Income Fund

OBJECTIVE AND INVESTMENT POLICY

The fund aims for the highest possible yield consistent with a capital protection objective. The fund's credited yield is re-set half-yearly in advance and remains the same during each six-monthly period. Through this mechanism the company ensures that at each month-end the fund unit price will be higher than or equal to that for the preceding month.

The fund invests in bonds and cash deposits and other money market instruments.

RISK PROFILE

The fund is suitable for investors seeking low risk investments.

CHARACTERISTICS

  • AVAILABILITY

    Open-end Fund. Available only in new contracts.

  • INVESTMENT CRITERIA
    • Low investment risk. 
    • Income investments include bank deposits as well as government and corporate bonds.
  • INVESTMENT RISK

  • PERFORMANCE

    Last Five Calendar Years

     

  • INVESTMENT LIMITS

    Income Investments:100%

    Growth Investments: ---

    Property Investments:---

     

    The fund managers have the right to alter the structure of the Fund in line with prevailing market conditions. Apart from special circumstances, the structure of the Fund will lie within the above restrictions.

     

    Income Investments: Bonds, bond mutual funds, fixed deposits, moneymarket instruments and policy loans

    Growth Investments: Listed shares and other admissible investments

  • DETAILS

    Launch Date: 01 May 2004

    Fund Managers: CNP CYPRIALIFE

    Monthly Administration Charges: 1/12 of the 0,75% of the fund’s size

    Investment Advisors: Allianz, Longview, Invesco, PIMCO, BlueBay, BlackRock Goldman Sachs, BNP Paribas, La Bank Postale, Natixis, Schroders

  • CURRENT INVESTMENT FUNDS DISTRIBUTION

    Cyprus & Greek Equities: Not Applicable

    Global Equities: Not Applicable

    Property: Not Applicable

    Government Bonds: 17,4%

    Corporate Bonds: 3,5%

    Policy Loans: 0,3%

    Deposits: 78,8%

  • FUND DETAILS ON 27 DECEMBER 2019

    Fund Size (million Euros): €39,8

    Unit Bid Price: €2,448

    Unit Offer Price: €2,577

    Fund Start Date: 01-May-04

    Management Fee: monthly deduction of 1/12 th of 0,75% of total fund net assets.

  • FUND PRICES
  • PRIIPS

    Download the document here

IMPORTANT INFO

Investing in this fund should be considered short term. Fund performance is not guaranteed. Past performance does not guarantee future performance.

The fund’s investment yield will be shared by the Company every 6 months, the 1st of January and the 1st of July and will remain the same during that period.

This fund guarantees that the unit price per month will never be lower than the price of the previous month.

The percentage return is calculated based on the change in the unit's bid value over the corresponding period.

The company reserves the right to increase the annual management fee up to 2%.

Explanations or clarifications regarding this form can be obtained either from your insurance consultant or from the Pancyprian Customer Service Center at 22 11 12 13.

This information refers to the date listed in the heading of this form and is published only for information purposes, without being a call for investment or advice. The company is not responsible for any damages or losses that may arise from any use of this information. The company recommends obtaining professional advice before investing in the information contained in this document as well as in the prospectus.

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