| Date | 1 month | 3 months | 6 months | 1 year | 3 years | Since Inception | |
| NAV change | 31.05.2024 | -0.9% | -0.1% | -0.5% | -0,4% | - | 6,1% |
| Fund performance (incl distributions) | 31.05.2024 | 0.1% | 0.9% | 0.5% | 0.6% | - | 12.2% |
* The value of fund units may rise or fall over time. The fund’s historical performance does not guarantee or offer any indication regarding the future performance. The information contained herein does not constitute an investment recommendation or advice. Please read the fund’s key information document (KIID), prospectus as well as terms and conditions on the web www.eften.ee/united
Risk and Reward Profile
The risk and reward profile of the fund is the best estimate of the fund management company that is based on the historical performance of existing real estate funds managed by EfTEN Capital AS
| EfTEN Real Estate Fund: | 15.6% |
| EfTEN Kinnisvarafond II: | 3.8% |
| EfTEN Real Estate Fund 5: | 19.9% |
| EfTEN Residential Fund: | 5.7% |
| Menulio 7 Vilnius Office building: | 12.0% |
| Uus-Järveküla development: | 15.9% |
| Uninvested: | 27.0% |
| Net asset value: | 26.4 mln EUR |
| Weighted average interest rate of liabilities: | 6.6% |
| Loan-to-value (% of assets): | 32% |
In May the EfTEN United Property Fund distributed almost 260 thousand euros to unit owners. As a result, the net asset value (NAV) of the fund unit fell by 0.9% to EUR 10.61 in May. Excluding the cash distribution, EfTEN United Property Fund NAV would have increased by 0.1%. If the fund’s investment in the EfTEN Real Estate Fund AS shares is reflected on the basis of its net value, the NAV of the EfTEN United Property Fund unit would be 10.70 euros.
In June, the fund made the first investment of 24 thousand euros in EfTEN Capital AS’s new fund EfTEN Special Opportunities Fund aimed at institutional investors. This fund invests in various real estate projects that require additional financing to complete. The first investment, with a term of 50 months, co-financed the purchase of an office building in Vilnius. In total, EfTEN United Property Fund will invest up to 300 thousand euros in the new fund.
