JSC VTB Capital Asset Management (VTBK UA), (License of the Federal Securities Commission of Russia dated March 6, 2002 No. 21-000-1-00059 for managing investment funds, mutual funds and non-state pension funds, without limitation of validity; License of the Federal Financial Markets Service of Russia dated 20.03.2007 No. 045-10038-001000 for carrying out securities management activities, without limitation of validity period). The content of www.site and any pages of the site (the "Site") is for informational purposes only. The site is not and should not be considered as an offer by VTBK UA to buy or sell any financial instruments or provide services to any person. The information on the Site cannot be considered as a recommendation for investing funds, as well as guarantees or promises in the future of the return on investment. Nothing in the information or materials provided on the Site is and should not be construed as individual investment advice and/or the intention of VTBK UA to provide investment advisory services. VTBC UA cannot guarantee that the financial instruments, products and services described on the Site are suitable for persons who have read such materials in accordance with their investment profile. The financial instruments mentioned in the information materials of the Site may also be intended exclusively for qualified investors. VTBC UA is not responsible for the financial or other consequences that may arise as a result of your decisions regarding financial instruments, products and services presented in the information materials. No financial instruments, products or services mentioned on the Site are offered for sale or sold in any jurisdiction where such activity would be contrary to the securities laws or other local laws and regulations or would oblige VTBC UA to comply with the requirement registration in such jurisdiction. In particular, we would like to inform you that a number of states have introduced a regime of restrictive measures that prohibit residents of the respective states from acquiring (assisting in acquiring) debt instruments issued by VTB Bank. VTBC UA invites you to make sure that you have the right to invest in the financial instruments, products or services mentioned in the information materials. Thus, VTBC UA cannot be held liable in any form if you violate the prohibitions applicable to you in any jurisdiction. Before using any service or purchasing a financial instrument or investment product, you must independently assess the economic risks and benefits of the service and / or product, the tax, legal, accounting consequences of concluding a transaction when using a particular service, or before acquiring a specific financial instrument or investment product, its willingness and ability to take such risks. When making investment decisions, you should not rely solely on the opinions expressed on the Site, but should conduct your own analysis financial position the issuer and all risks associated with investing in financial instruments. Neither past experience nor the financial success of others guarantees or determines the same results in the future. The value or income of any investment referred to on the Site may change and/or be affected by changes in market conditions, including interest rates. All numerical and calculated data on the Site are given without any obligation and solely as an example of financial parameters. VTBC UA is not responsible for any losses (direct or indirect), including real damages and lost profits, arising from the use of information on the Site. This Site does not provide and is not intended to provide legal, accounting, investment or tax advisory services, and therefore no reliance should be placed on the contents of the Site in this regard. VTBC UA makes reasonable efforts to obtain information from reliable sources, in its opinion. At the same time, VTBC UA does not make any representations that the information or assessments contained in the information material posted on the Site are reliable, accurate or complete. Any information presented in the materials of the Site may be changed at any time without prior notice. Any information and estimates provided on the Site are not the terms of any transaction, including a potential one. VTBC UA does not guarantee return on investment, investment activity or financial instruments. Before making an investment, you must carefully read the conditions and / or documents that govern the procedure for their implementation. Before purchasing financial instruments, you should carefully read the terms of their circulation. VTBC UA hereby informs you of the possible presence of a conflict of interest when offering the financial instruments considered on the Site. A conflict of interest arises in the following cases: (i) VTBK UA is the issuer of one or more of the financial instruments in question (the beneficiary of the distribution of financial instruments) and a member of the VTBC UA group of persons (hereinafter referred to as the group member) simultaneously provides brokerage services and/or trust management services (ii) the group member represents the interests of several persons simultaneously when providing brokerage, advisory or other services to them and/or (iii) the group member has its own interest in making transactions with a financial instrument and simultaneously provides brokerage, advisory services and /or (iv) a group member, acting in the interests of third parties or the interests of another group member, maintains prices, demand, supply and (or) trading volume in securities and other financial instruments, acting, inter alia, as a market maker . Moreover, the members of the group may and will continue to be in contractual relationships for the provision of brokerage, custody and other professional services with persons other than investors, while (i) the members of the group may receive at their disposal information of interest to investors, and participants the groups have no obligation to investors to disclose such information or use it in fulfilling their obligations; (ii) the conditions for the provision of services and the amount of remuneration of group members for the provision of such services to third parties may differ from the conditions and amount of remuneration provided for investors. When resolving emerging conflicts of interest, VTBC UA is guided by the interests of its clients. More detailed information on the measures taken by VTBK UA in relation to conflicts of interest can be found in the VTBC UA Policy on managing conflicts of interest posted on the Site. Open shares investment funds managed by JSC VTB Capital Asset Management: OPIF RFI "VTB - Equity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0968-94131582); OPIF RFI "VTB - Balanced Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0962-94131346); OPEIF RFI “VTB – Emerging Markets Eurobond Fund” (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0958-94130789); OPIF RFI "VTB - Fund of Companies of small and medium capitalization" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0959-94131180); OPIF RFI "VTB - Fund of Enterprises with State Participation" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0966-94131263); OPIF RFI "VTB - Electricity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0965-94131501); OPEIF RFI "VTB - Future Technologies Fund" (Rules of the Fund are registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0967-94131429); OPIF RFI "VTB - Metallurgy Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0961-94131104); OPIF RFI "VTB - Eurobond Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0963-94130861); OPIF RFI "VTB - Fund of the Oil and Gas Sector" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0960-94131027); OPIF RFI "VTB - World Premium Brands Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0964-94130944); OPIF RFI "VTB - BRIC" (Rules of the Fund were registered by the Federal Commission for Securities of Russia on August 11, 1997 No. 0012-46539678); OPEIF RFI "VTB - Global Dividend Fund" (Rules of the Fund were registered by the Federal Securities Commission of Russia on February 26, 2003, No. 0090-59893176); OPIF RFI "VTB - Treasury Fund" (Rules of the fund registered by the Federal Securities Commission of Russia on February 26, 2003 No. 0089-59893097); OPEIF RFI "VTB - Moscow Exchange Index" (Rules of the Fund registered with the Federal Commission for the Securities of Russia on January 21, 2004 No. 0177-71671092), Open Joint Stock Fund RFI "VTB - Money Market Fund" (Rules of the Fund registered with the Federal Financial Markets Service of Russia on 25.09.2007, No. 0997-94132239); OPIF RFI "VTB - Infrastructure Companies Equity Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on September 25, 2007, No. 0998-94132311); OPIF RFI "VTB - Mixed Investment Fund" (Rules of the Fund were registered by the Federal Securities Commission of Russia on 05.03.2003, No. 0092-59891904); OPIF RFI "VTB - Precious Metals Fund" (Rules of the Fund were registered by the Federal Financial Markets Service of Russia on March 31, 2009, No. 1407-94156211). Exchange-traded mutual funds managed by JSC VTB Capital Asset management: BPIF RFI "VTB - Smart Beta Russian Corporate Bonds" (Fund Rules registered by the Central Bank of Russia on January 31, 2019, No. registered by the Central Bank of Russia 28. 05.2019, No. 3735), BPIF RFI "VTB - American Corporate Debt Fund" (Rules of the Fund were registered by the Central Bank of Russia on 27.06.2019, No. 3754), BPIF RFI "VTB - Equity Fund developing countries” (Fund Rules registered by the Central Bank of Russia on 27.06.2019, No. 3755), BPIF RFI “VTB – Smart Beta Corporate Russian Eurobonds” (Fund Rules registered by the Central Bank of Russia on 11.19.2019, No. 3906), BPIF RFI “VTB – Liquidity” (Rules of the Fund registered by the Central Bank of Russia on November 28, 2019, No. 3915), BPIF RFI "VTB - Moscow Exchange Index" (Rules of the fund registered by the Central Bank of Russia on February 10, 2020, No. 3965). Moscow Exchange Index and Moscow Exchange Corporate Bond Index are stock indices calculated by PJSC Moscow Exchange. The right holder of the Trademarks "MosExchange Index" and "MOEX" is PJSC Moscow Exchange. PJSC Moscow Exchange does not give any guarantees or assurances to third parties about the appropriateness of investing in financial products of VTBC UA based on indices calculated by PJSC Moscow Exchange. The basis for the emergence of relations between PJSC Moscow Exchange and VTBK UA is the granting of a non-exclusive license to use the Trademarks “MosExchange Index” and “MOEX”. The Moscow Exchange Index and the Moscow Exchange Corporate Bond Index, calculated by PJSC Moscow Exchange and which is directly associated with the Trademark "MosExchange Index", is created, calculated, maintained without reference to VTBC UA and its business activities. Closed-end mutual real estate investment funds managed by JSC VTB Capital Asset management: Real estate closed-end investment fund VTB Capital – Residential Real Estate 1 (Fund rules registered by the Central Bank of Russia on 03.06.2016, No. 3163), Real estate closed-end investment fund VTB Capital – Residential Real Estate 2 (Fund Rules registered by the Central Bank of Russia on February 8, 2018, No. 3462). The value of investment units may increase and decrease, the results of investing in the past do not determine future income, the state does not guarantee the profitability of investments in mutual funds. The rules of trust management of OPIFs managed by VTBC UA provide for premiums (discounts) to (c) the estimated value of investment units upon their issuance (redemption). The collection of allowances (discounts) will reduce the profitability of investments in investment units of the OPIF. Before purchasing an investment share, you should carefully read the rules of trust management of the fund. Get information about the Funds and familiarize yourself with the Rules for Trust Management of the Funds, with other documents provided for by the Federal Law "On Investment Funds" and regulations in the field financial markets, you can at the address: 123112, Russia, Moscow, nab. Presnenskaya, 10, floor 15, room III, by phone 8-800-700-44-04 (for free long-distance and mobile communications), at the addresses of agents or on the Internet at www.site. VTBK UA does not warrant that the operation of the Site or any content will be uninterrupted or error-free, that defects will be corrected, or that the servers from which this information is provided will be protected from viruses, Trojan horses, worms, software bombs or similar items or processes or other harmful components. any expressions of opinion, estimates and forecasts on the site are the opinions of the authors as of the date of writing. they do not necessarily reflect the views of VTBK UA and are subject to change at any time without prior notice. Under no circumstances will VTBC UA be liable for any indirect, incidental, special, punitive or consequential damages (including, without limitation, damages for loss of data, business or profits) arising out of or in connection with these conditions, for the inability to use the Site or any products, services or content purchased, obtained or stored on the Site, whether on the basis of contract, tort, strict liability or otherwise, even if VTBK UA has been advised of the possibility of such damages, and notwithstanding that the remedy does not achieve its main goal. Without limiting the foregoing, these limitations also apply to any third party claims against users. Notwithstanding any other statements, nothing in these terms and conditions is intended to exclude or limit any duties or obligations that VTBK UA has to its customers under applicable law, or which cannot be excluded or limited under applicable law.

LLC VTB Capital Broker (VTBC Broker), License of a professional participant in the securities market for brokerage activities No. 045-12014-100000, issued: February 10, 2009, License of a professional participant in the securities market for carrying out dealer activities No. 045-12021-010000 , issued: February 10, 2009, License of a professional participant in the securities market for depository activities No. 045-12027-000100, issued: February 10, 2009

1. The content of the www.vtbcapital-broker.ru website and any pages of the website (the "Site") is for informational purposes only. The site is not and should not be considered as an offer by VTBC Broker to buy or sell any financial instruments or provide services to any person. The information on the Site cannot be considered as a recommendation for investing funds, as well as guarantees or promises in the future of the return on investment.

   No provisions of the information or materials presented on the Site are and should not be considered as individual investment recommendations and / or the intention of VTBC Broker to provide investment advisory services, except on the basis of agreements concluded between the Bank and clients. VTBC Broker cannot guarantee that the financial instruments, products and services described on the Site are suitable for all persons who have read such materials and / or correspond to their investment profile. The financial instruments mentioned in the information materials of the Site may also be intended exclusively for qualified investors. VTBC Broker is not responsible for the financial or other consequences that may arise as a result of your decisions regarding financial instruments, products and services presented in the information materials.

   Before using any service or purchasing a financial instrument or investment product, you must independently assess the economic risks and benefits of the service and / or product, the tax, legal, accounting consequences of concluding a transaction when using a particular service, or before acquiring a specific financial instrument or investment product, its willingness and ability to take such risks. When making investment decisions, you should not rely on the opinions expressed on the Site, but should make your own analysis of the financial position of the issuer and all the risks associated with investing in financial instruments.

   Neither past experience nor the financial success of others guarantees or determines the same results in the future. The value or income of any investment mentioned on the Site may change and/or be affected by changes in market conditions, including interest rates.

   VTBC Broker does not guarantee the profitability of investments, investment activities or financial instruments. Before making an investment, you must carefully read the conditions and / or documents that govern the procedure for their implementation. Before purchasing financial instruments, you should carefully read the terms of their circulation.

2. No financial instruments, products or services mentioned on the Site are offered for sale or sold in any jurisdiction where such activity would be contrary to the securities laws or other local laws and regulations or would oblige VTBC Broker to comply with the requirement registration in such jurisdiction. In particular, we would like to inform you that a number of states have introduced a regime of restrictive measures that prohibit residents of the respective states from acquiring (assisting in acquiring) debt instruments issued by VTB Bank (PJSC). VTBC Broker invites you to make sure that you have the right to invest in the financial instruments, products or services mentioned in the information materials. Thus, VTBC Broker cannot be held liable in any form if you violate the prohibitions applicable to you in any jurisdiction.
3. All numerical and calculated data on the Site are given without any obligation and solely as an example of financial parameters.
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6. VTBC Broker hereby informs you of the possible presence of a conflict of interest when offering the financial instruments considered on the Site. A conflict of interest arises in the following cases: (i) VTBC Broker may be an issuer of one or more of the financial instruments in question (a beneficiary of the distribution of financial instruments) and a member of the VTB group of persons (hereinafter referred to as the "group member") and at the same time the group member provides brokerage services and/or trust management services (ii) a group member represents the interests of several persons simultaneously when providing brokerage, advisory or other services to them and/or (iii) a group member has its own interest in making transactions with a financial instrument and simultaneously provides brokerage, advisory services and/or ( iv) a group member, acting in the interests of third parties or the interests of another group member, maintains prices, demand, supply and (or) trading volume in securities and other financial instruments, acting, inter alia, as a market maker. Moreover, the members of the group may and will continue to be in contractual relationships for the provision of brokerage, custody and other professional services with persons other than investors, while (i) the members of the group may receive at their disposal information of interest to investors, and participants the groups have no obligation to investors to disclose such information or use it in fulfilling their obligations; (ii) the conditions for the provision of services and the amount of remuneration of group members for the provision of such services to third parties may differ from the conditions and amount of remuneration provided for investors. When resolving emerging conflicts of interest, VTBC Broker is guided by the interests of its clients.
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CJSC "VTB Capital" currently has 19 mutual funds (otherwise mutual funds), providing a unique opportunity for anyone who wants to profitably and with minimal risk to invest their own savings.

How to invest, you can learn from this article.

Peculiarities of mutual funds from VTB Capital Asset Management

Mutual funds are an effective tool for profitable investment money to earn a high income.

The property of the funds is formed at the expense of the funds of investors (otherwise shareholders), and trust management is carried out by the corresponding management company (MC). Thus, by buying a share, the investor becomes the owner of a part of the property of a particular fund.

The profit received on the assets of mutual funds is distributed among the shareholders in proportion to the number of shares they have. The management company also gets a certain percentage of this income for the competent management of the fund's property.

Advantages of mutual funds from VTB Asset Management:

• the possibility of investing any amount of money;
• high liquidity of shares owned by active funds;
• professional asset management;
• no taxation of shares until the withdrawal of money from the fund;
• the possibility of obtaining high income (up to 30% per annum);
• the presence of control over the activities of mutual funds by the state authorities.

An investment share is a security, the value of which is determined by the management company, taking into account the price of the fund's net assets at the end of the working day or at the time of closing the interval. This document confirms the fact that the investor has rights to a part of the property of the mutual fund.

The profitability of mutual funds "VTB Capital" depends on the competent management of the fund's assets, so the value of the units may periodically increase and decrease.

In fact, the profit from this type of investment is the difference between the price of a unit at the time of its acquisition and the date of its redemption, multiplied by the total number of units.

Investors cannot count on the payment of dividends, accrued interest and various bonuses.

You can get acquainted with the cost of shares, the degree of risk involved and the level of profitability of each fund represented in VTB Capital by following this link.

How to buy shares in VTB Capital mutual funds?

Persons purchasing a unit for the first time must open a personal account in the register of investment units of the fund of their choice. For this purpose, the corresponding and are filled in.

In addition, the future investor must have a passport in hand. Sale of shares is carried out in the presence of the details of the ruble account.

A potential shareholder can apply with the relevant documents:

• to the office of the management company VTB Capital;
• branches of partner banks.

At the same time, persons who have previously acquired investment shares in this company can apply online through Personal Area. With its help, the client is able not only to perform various operations with shares, but also to monitor their current state.

It is possible to connect a personal account:

• in the office of the company;
• through the portal of public services;
• on the VTB Capital website by filling out this electronic form.

Instead of a client, his legal representative can contact the office. In this case, he must have a passport, a valid power of attorney, giving him the opportunity to buy shares on behalf of the principal, the above questionnaire and an application for opening a personal account in the fund, containing the certified signature of the investor.

If you have already purchased shares of a particular fund, you just need to contact the office of the company or its partners with a passport and details of a ruble account opened in your name. In addition, the application in this case can be submitted remotely.

Like many other major financial institutions, has formed its own mutual investment funds (UIFs) of open (17) and interval (2) types to attract investments from the general population in various economic spheres. The role of the main management company is played by " VTB Capital Asset Management”, included in the structure financial group VTB.

Which VTB is best suited for investing is a personal matter for everyone: you can choose at random, you can trust the opinions of others by reading reviews, but there is a more reasonable way - to get acquainted with the detailed information about each of them, and then choose the most suitable fund for strategy and profitability .

Mutual funds of VTB — bonds

Bond mutual funds are characterized by a minimum level of risk, average yield and are well suited as an alternative to bank deposits.

Mutual Fund "VTB - Treasury Fund"

This fund, established at the beginning of 2003 and until August 2007 known as " Leader Finance”, specializes in the ruble investment of money in fixed income securities, that is, bonds. Investments are made both in federal and sub-federal, and in corporate bonds with the most favorable ratio of profitability to the level of risk.

The main task is to preserve the funds of shareholders under any conditions from depreciation by inflation and other negative economic phenomena, but this is only a minimal task and the average profitability is often almost 2 times higher than that on bank deposits, which allows you to make good money. Thus, according to the results of the last 12 months, the price of a VTB mutual fund unit increased by 15%.

For 3 years, this indicator amounted to +50%, and the size of the NAV of the fund today is already more than 2.26 billion rubles, the price of a share is more than 50 rubles.

Managers manage to achieve such results thanks to the competent distribution of the fund's resources between various assets, some of which are designed to mitigate risks as much as possible, while others increase the growth in the value of shares. The mutual fund is the holder of such bonds as Transnf 03 (7,77%), MOESK, BO-08 (5,14%), Rosneft 001P-02(5.10%), etc. The portfolio structure is as follows:

• energy - 25.04%;
• production and service sector - 16.33%;
• financial sector - 15.98%;
• telecommunications - 13.05%;
• power industry - 9.17%;
• raw materials and materials - 9.08%;
• sub-federal and municipal bonds - 5.44%;
• federal bonds - 4.14%;
• consumer sector - 0.52%.

As for the conditions for joining a mutual fund, the minimum amount for which it is possible to buy shares is from 5 thousand rubles. in the branches of the management company, VTB banks and Bank Intenza. When buying from agents, the minimum amount will be much higher:

• from 150 thousand rubles in branches of VTB 24;
• from 50 thousand rubles in OTP Bank, JSC CB Citibank and PJSC CB Vostochny.

The most profitable commissions are provided by the management company: only 1% of remuneration for their work and zero markup when buying a share. The amount of the discount depends on the investment period and is: 2% - if the investment is less than 180 days, 1.5% if it is from 180 days to a year and 1% if it is longer. The investment period recommended by the management company itself is a year or more, but if desired, the investor can sell the shares at any time. In addition to the sale, it is possible to exchange for shares of any other fund.

Open mutual fund "VTB - Eurobond Fund"

This fund was founded in mid-September 2007 and until October 2013 was called " VTB - Financial Sector Fund". Like the previous one, he invests mainly in fixed-value securities, but this time he invests in Russian Eurobonds issued in US dollars, which in the future makes a profit not only due to bond payments, but also due to the growth of the USD rate itself.

The structure of the assets of the mutual fund:

• financial sector - 33.13%;
• raw materials and materials - 25.33%;
• sovereign bonds - 18.16%;
• production and service sector - 10.59%;
• communications and telecommunications - 10.31%;
• energy - 1.72%.

The mutual fund portfolio contains such debt securities as Russia 4.75% 05/27/2026 (9.81%), RUSSIA 4 1/2 04/04/22 (8.35%), VTB BANK 9.5% Perpetual (Call )" (7.15%), etc.

It is recommended to invest in this mutual fund for passive investors who want to hedge against the risks associated with the depreciation of the national currency and receive income in excess of the maximum rates on foreign currency deposits. In order to evaluate this, it is enough to look at the dynamics of the value of shares: over the past 3 years, 113.73%profit, which is achieved by few VTB mutual funds. However, the annual figures (-4.08%) remind us that even such reliable investments are subject to a certain risk. NAV is 755.97 million rubles. and so far shows a negative trend. At the moment, the value of a unit of this mutual fund is within 11 rubles.

What is the significant difference between this bond fund and the previous one is the minimum amount of initial investment through the management company - it is 10 times more (50 thousand rubles). When buying shares through agents, the conditions are the same as in Treasury. When it comes to fees, some of them are slightly higher, but the overall picture is the same:

• 1.1% of NAV for management, against 1% in the previous case;
• 0.5% payment for special services. depository;
• most agents do not have a premium (except for AO Citibank, where the following tariff applies: for investments of less than 1 million rubles - 1.5%, from 1 to 5 million - 1.25%, more than 1 million - 1 %.);
• the size and terms of the discount are similar to those in the previous fund.

The fund allows not only to sell or buy shares, but also to exchange them for those in any of the other VTB 24 mutual funds. The recommended minimum investment period is also from 12 months.

Mutual Fund "VTB - Bonds Plus Fund"

Another VTB fund investing foreign currency in Eurobonds, only this time they belong not only to Russia, but also to other developing countries. It was formed at the same time as the previous mutual fund - on September 13, 2007 and is managed by the same company as the others - VTB Capital Asset Management. But there are significant differences in the sectoral structure of assets:

• sovereign bonds - 22.71%;
• production and service sector - 21.14%;
• raw materials and materials - 11.47%;
• financial sector - 10.88%;
• communications and telecommunications - 8.82%.

In addition to those already known from the review of the previous mutual fund “RUSSIA 4 1/2 04/04/22” (11.48%) or “Russia 4.75% 27.05.2026” (11.23%), Peruvian bonds can be found in the portfolio of this fund “ Minsur 6.25% 02/07/2024 (11.47%), Mexican Credito Real 7.25% 07/20/2023 (10.88%), Turkish Anadolu 3.375% 11/01/2022 (9.94%) and other exotics from developing countries .

On August 19, 2015, there was a radical change in the investment strategy, therefore, at the time of writing, there is still no information on the profitability of the VTB mutual fund for 3 years. Annual statistics and chart are not impressive - only 1.06% profit. NAV is also small - 110.55 million rubles. and is still on a downward trend. You can buy shares of this mutual fund at a price of 20 rubles.

The management company's remuneration is up to 1.5%, the services of the depositary, auditor and registrar are 1%, and the minimum allowable amounts for the purchase of shares are similar to those of the Treasury Fund, otherwise all figures are standard and have already been described earlier.

Mutual funds of VTB shares

Unlike bond mutual funds, equity funds have high level risks and are not suitable for all investors, but the risk is offset by the likelihood of receiving large incomes in the event of an increase in securities from the mutual fund portfolio.

Mutual Investment Fund "VTB - Equity Fund"

This mutual fund was founded on September 13, 2007 and specializes in investing in shares of Russian companies (mainly of the 1st tier, but the strategy also provides for the possibility of buying up to 30% of the securities of 2nd tier companies). Before purchasing a particular stock, a thorough fundamental analysis is carried out and only the most promising and liquid of them, such as (13.89%), (13.83%), (8.83%), (6.36% ) and etc.

At the moment, the sectoral structure of the fund's assets looks like this:

• energy - 44.92%;
• financial sector - 22.78%;
• raw materials and materials - 14.73%;
• communications and telecommunications - 9.48%;
• consumer sector - 5.37%;
• production and service sector - 1.04%;
• electric power industry - 1.04%.

The return of the fund for the last 3 years was 87.61%, and for the year 15.09%, which is not so bad. NAV is 529.53 million rubles. and is gradually increasing. The cost of one share is within 20 rubles.

The minimum investment time recommended by the fund's analysts is 1.5 years, there is no premium, the discount and the cost of the VTB mutual fund (the minimum amount for purchasing shares) correspond to the previously described standard values, but the management company's commission here can reach up to 3%.

OPIF "VTB - Prospective Investment Fund"

This open mutual fund is in many ways similar to the previous one, the main difference of its strategy is that the emphasis is placed mainly on Russian companies of the 2nd echelon. An investment of up to half of the fund's funds in "" is considered only in the event of a real lack of opportunities for more attractive investments. Along with promotions ALROSA(5.81%) in the fund's portfolio, you can find securities of such companies as (6%), Children's World(8.06%) or X5 RETAIL GROUP(5.81%), and its industry structure today is:

• financial sector - 20.69%;
• consumer sector - 18.57%;
• electric power industry - 16.91%;
• production and service sector - 11.7%;
• raw materials and materials - 11.18%;
• communications and telecommunications - 8.58%;
• energy - 5.6%;
• IT - 1.41%.

A more risky strategy and competent management so far provide the fund with excellent returns - + 27.53% per year and 114.5% over the last 3 years, while the NAV of the mutual fund is not at all large, only 173.1 million rubles. You can buy shares for 16 rubles.

OPEIF "VTB - Global Dividend Fund"

This equity fund, founded in 2003 and until mid-2012 known as " Leader Invest”, specializes in investing not only in Russian companies, but also in foreign ones. The investment strategy defines their ratio as 30% to 70%, moreover, as the name implies, not just promising stocks are selected, but only those foreign companies that consistently pay solid dividends and have a capitalization of $5 billion or more. The largest shares are in securities ETF - Vanguard High Dividend Yield ETF(14.84%) and Schwab International Equity ETF (12,09%).

This approach allows you to insure against the collapse of the domestic stock market, earning even when it falls and these are not empty words, the return on the mutual fund for 3 years was 51,27% , and for 12 months - 1.78%, however, the NAV of the fund is small - only 98.8 million rubles. The cost of one share is about 43 rubles.

The distribution of the fund's assets by industry is as follows:

• broad market instruments – 26.94%;
• financial sector - 17.32%;
• electric power industry - 12.74%;
• communications and telecommunications - 9.94%;
• energy - 9.61%;
• raw materials and materials - 9.16%;
• IT - 4.74%;
• consumer sector - 4.67%.

The threshold for joining a mutual fund is quite high, even when buying through a management company, you will have to pay at least 50 thousand rubles, the tariffs of other agents are standard and have already been described. As for commissions, VTB Capital Asset Management charges 2.4% for its work, all other values ​​are unchanged.

Mutual Fund "VTB - Oil and Gas Sector Fund"

The name speaks for itself and there is no need for long descriptions: investments are made in domestic oil and gas corporations ( (14.87%), LUKOIL(14,68%), GAZPROM(14,48%), Gazpromneft(13.68%), etc.). The return of the fund is entirely dependent on the state of the Russian oil and gas industry and is now 4.1% in 12 months and 47.49% in 3 years. NAV is 201.92 million rubles.

For optimal income, experts recommend investing in this mutual fund for at least 2 years.

As for joining the fund, the minimum amount for buying shares is 5 thousand rubles. in the case of a management company, the amounts for agents are standard and unchanged. The remuneration of the management company is 3%, the rest of the commissions are similar to those already announced earlier.

"VTB - Consumer Sector Fund"

This fund, like the Sberbank mutual fund similar to it, invests in shares of companies that produce consumer goods and are focused on providing services to the population. The increase in the value of shares is achieved by a banal increase in the value of assets. The fund's portfolio contains securities of such companies as X5 RETAIL GROUP (15,99%), Children's World (13,74%), LNTA LI Equity(12.32%), (10.60%), etc.

Today, the growth of the industry contributes to a good income for the mutual fund - 19.19% per year and 112.59% for 3 years, which is quite good for such a highly specialized fund. NAV is 178.63 million rubles. You can buy shares of this mutual fund for 20 rubles apiece. All commissions and tariffs are similar to those of the oil and gas sector fund.

OPEIF "VTB - Fund of Enterprises with State Participation"

Here, too, no special explanations are required: the fund considers for investments the securities of only those enterprises that are promising from an investment point of view, a significant percentage of the shares of which are owned by the state. Unliketwo previous highly specialized funds, this one is not limited to any one industry and is ready to invest in shares of a company of any specialization, there is only one condition: the state owns a controlling stake.

The portfolio structure currently looks like this:

• energy - 35.39%;
• electric power industry - 23.76%;
• financial sector - 19.79%;
• raw materials and materials - 8.52%;
• production and service sector - 6.59%.

Among the assets of the mutual fund you can find different shares: Gazpromneft(10,29%), Sberbank(9,11%), Mosenergo(8,81%), ALROSA(8.52%), etc.

Over the past 3 years, the price of a VTB mutual fund unit has grown by 116.6%, and by 27.31% over the year, which is quite good. The NAV of this fund is 496.57 million rubles. and has positive dynamics. The optimal investment period is from 1.5 years.

OPIF "VTB - Telecommunications Fund"

Again, a highly specialized fund investing in only one industry - telecommunications with an eye on the growth of asset prices in the long term. Such a narrow specialization can lead not only to large profits, but also impressive losses, so investments in such funds are good only as part of an overall strategy with investments in different industries.

The composition of the portfolio is similar to a similar mutual fund of Sberbank: MTS(15,01%), Yandex(13,62%), Mail.ru(13.58%), etc. As for the yield, it is still low - 1.24% per year and 32.08% for 3. The fund's NAV is just over 144 million rubles. Managers recommend investing for at least 2 years, and the cost of a share is within 15 rubles.

OPEIF "VTB - Electric Power Fund"

The mutual investment fund invests only in Russian companies in the electric power industry: Inter RAO UES (17,15%), RusHydro(15,15%), Mosenergo(11,23%), OGK-2 (10,77%), FGC UES(10.28%), etc.

VTB experts advise investing for at least 2 years to obtain optimal profit, which is 44.8% per year and 111.7% for 3. NAV 529.14 million rubles.

OPEIF "VTB - Fund of Metallurgy"

Another highly specialized VTB mutual fund investing in the industry indicated in the name, that is, in metallurgy ( black, non-ferrous, production of rolled products and pipes) and mining. Today, in its portfolio, the fund holds shares of such corporations as (14.40%), ALROSA(14,06%), NLMK(13,49%), (11,95%), RUSAL(10.29%), etc. For the year, the profit from investments was 13.25%, the three-year figure is 115.27%. Price net assets is 187.67 million rubles.

OPIF "VTB-BRIC"

This fund is one of the oldest in Russia, its rules were registered in August 1997. The essence of the investment strategy, as always, is clearly revealed by the title, since BRIC is Brazil, Russia, India and China. Investments go to promising companies from these countries, as well as stocks that repeat the dynamics of the indices that include them. The current portfolio structure looks like this:

• ETF - 30.02%;
• energy - 23.23%;
• financial sector - 12.75%;
• IT - 9.74%;
• broad market instruments – 9.42%;
• communications and telecommunications - 8.34%;
• raw materials and materials - 3.86%;
• production and service sector - 0.36%;
• power industry - 0.36%;
• consumer sector - 0.32%.

Among the assets of a mutual fund, you can find different shares: SPDR INDEX SHS FDS ETF (13,93%), LYXOR MSCI INDIA INDEX ETF (9,42%), MCHI US Equity (8,57%), (5,64%), LUKOIL(5.47%), etc. The yield for the year is almost 15%, and for the three-year period 68.67%. The size of the NAV is 109.9 million rubles.

It is recommended to buy shares for at least 1.5 years, and the minimum amount must be at least 50 thousand rubles. As for commissions, VTB Capital Asset Management charges 2.5% for the management of the VTB Capital Mutual Fund, and the payment of various expenses can reach up to 2% of the average annual NAV of the Mutual Fund.

PIF "Ploshchad Pobedy"

This time the title doesn't say anything about the strategy or the preferred investment objects, so we'll do it. The main criterion for selecting shares in the portfolio " Victory Square» is not only a significant growth potential, but also the mandatory presence of high investment demand. By sectors, the structure of the fund's assets presents the following picture:

• raw materials and materials - 36.79%;
• production and service sector - 20.17%;
• electric power industry - 18.89%;
• financial sector - 4.5%.

A mutual fund invests in various stocks, here and GMKNorNik(9.38%), and Aeroflot(8,52%), TRMK(7,94%), RUSAL(7.76%), etc. The possibility of very large profits once again coexists with the same risks. For example, over the past year, investors received 39.54% of profit, and over 3 years 131%. The NAV of the fund is at the level of 203 million rubles.

VTB mutual funds of mixed investments and other assets

OPIF of mixed investments "VTB - Balanced Fund"

Funds of this type combine the qualities of mutual funds of stocks and bonds, representing something in between, both in terms of profitability and risk level. The basic strategy is to evenly divide the fund's resources 50/50 between bonds and stocks, however, in order to optimize profits, managers constantly monitor the economic situation and, if necessary, redistribute assets. For example, now the portfolio structure looks like this:

• energy - 31.13%;
• financial sector - 19.41%;
• raw materials and materials - 15.02%;
• communications and telecommunications - 8.97%;
• sub-federal and municipal bonds - 6.94%;
• production and service sector - 6.86%;
• power industry - 6.1%;
• consumer sector - 3.97%.

The fund's assets include various securities: LUKOIL(7,87%), GAZPROM(7,43%), Sberbank(4,84%), SIBUR Holding, 10 (4.15%), etc. For 12 months, managers managed to make a profit of 13.68%, and the three-year figure was 59.76%. The NAV of the mutual fund now includes 283.56 million rubles.

OPEIF index "VTB - MICEX Index"

This mutual fund is characterized by the fact that it invests mainly in the shares of 50 companies included in, trying to bring its profitability to the maximum match with the growth of the index. Investing in a fund like this allows shareholders to evaluate the skill of the management company by comparing the results with the stock index chart. At the moment, the sectoral structure of investments of the mutual fund presents the following picture:

• energy - 46.88%;
• financial sector - 21.46%;
• raw materials and materials - 14.05%;
• consumer sector - 6.81%;
• communications and telecommunications - 4.92%;
• power industry - 3.3%;
• production and service sector - 1.4%;
• IT - 0.87%.

The annual yield of the mutual fund according to the latest data was +8.21%, and the three-year +58.61%. NAV is just over 634 million rubles. It is reasonable to invest in the fund for at least 1.5 years. For commissions, the difference is only in the amount of remuneration of the management company, it is 2 times lower and amounts to only 1.2%.

OPEIF money market "VTB - Money Market Fund"

A stable mutual fund, formed at the end of September 2007, with investments mainly in the money market, for those who do not like big risks, its only drawback is significantly limited profitability prospects.

Low risk is ensured by the predominant investment of money in federal bonds, the share of which currently reaches 73.82% of all assets in the portfolio; the following industries in terms of investment volume are: financial market -16.85%, communications and telecommunications - 4.42%, as well as manufacturing and services - 3.97%. Among the securities in which the mutual fund invests can be found: LenSpetsSMU, 02 (4.76%), MIA KB, BO 3 (4.70%), DeltaCredit BO-19 (4.54%), etc.

Even such a cautious strategy, which this fund adheres to, provides a yield of 8.18% per year and 26.41% for 3 years, but the NAV is still quite small and equals only 42.8 million rubles. The management fee here does not exceed 1%, and for the audit, special. deposit and registration is only 0.7%.

IPIF of mixed investments "Kuznetsky Most"

This fund belongs to a fundamentally different category of mutual funds - interval, which means that it will not be possible to freely buy and sell its shares at any time, there are strictly allotted time periods for this: from the 1st to the 14th of March, June, September and December each year. The remaining conditions, in particular, the cost of VTB mutual funds (shares), are the same as for most of the previous ones: a minimum 5 thousand rubles. when buying through a management company.

With an average level of risk, Kuznetsky Most demonstrates a good level of profitability - 16.75% per year and 108.16% over 3 years. This is achieved through a smart balance between stocks with high growth potential and reliable fixed income bonds. The structure of assets for today is presented as follows:

• raw materials and materials - 19.46%;
• production and service sector - 18.38%;
• consumer sector - 17%;
• financial sector - 12.1%;
• communications and telecommunications - 10.11%;
• electric power industry - 7.59%;
• IT - 6.44%;
• Sub-federal and municipal bonds - 4.13%;
• Energy - 3.62%.

NAV of the mutual investment fund 198.78 million rubles.

IPIF of the commodity market "VTB - Precious Metals Fund"

This mutual fund, like the previous one, is an interval one, but its sales / purchase / exchange dates are different: from January 14 to 27, April, July and October of each year. The conditions for the minimum purchase amount of shares and all commissions are similar to those of Kuznetsky Most, except for one - the fee for audit, registration and a special depository, which here is 0.8%.

As for the assets and investment strategy, the fund, as the name implies, invests only in precious metals, at the moment it is:

• gold - 47.64%;
• palladium - 19.77%;
• silver - 16.76%;
• platinum - 14.81%

Investing in this mutual fund is more designed to insure against risks due to economic crises than to receive significant profits, therefore it is recommended to invest not only in it alone, but only together with the purchase of shares of other funds. As confirmation, we can cite its profitability, which for the year showed a negative result of -10.28%, the three-year indicator is only 34.37%. The fund's NAV is 163.19 million rubles. The fund's experts recommend investing for at least a year.

If you are looking for investment opportunities for yourself, you can compare VTB offers with. But in both cases, you will see the average return of funds at the level of 10-20% per annum. .

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13.08.2014 14:00

VTB Capital Asset Management merged mutual funds

Today, the company has completed the merger of its mutual funds with mutual funds that she inherited from the Criminal Code of the Bank of Moscow.

Funds of the same type were merged with each other. For example, Manezhnaya Ploshchad - Share Fund is attached to the open mutual fund "VTB - Equity Fund", and "Volkhonka - Bond Fund" is attached to the open mutual fund of bonds "VTB - Treasury Fund". The full list of 11 funds that ceased to exist is presented in the table.

All connected funds were previously managed by the Management Company of the Bank of Moscow and were transferred to VTB Capital Asset Management in January. The company decided to eliminate duplication of the same type of investment strategies. “It makes no sense to manage, for example, several bond funds - their merger will allow us to reduce costs. It is also more comfortable for clients to work with larger and more liquid funds,” said Vladimir Potapov, chairman of the board of directors, at the end of last year.

The legal framework for uniting mutual funds appeared in Russia only this year, and management companies immediately began to use it. Thus, Sberbank Asset Management completed the procedure for joining five funds in May. Alfa Capital and Pallada Asset Management reported on the preparation of the necessary documents.

“The practice of merging mutual funds with identical funds is relatively recent in the Russian market, and VTB Capital Asset Management is one of the pioneers in this process. The pooling of funds will allow the company to significantly reduce operating costs, minimize market risks and improve the efficiency of asset management,” promises Potapov, whose words are quoted in the message.