Investments

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The Fund's investment objective is long term capital appreciation via investments primarily in Romanian equities with strict adherence to the principles of value investing. The portfolio is heavily weighted in the Infrastructure and Heavy Industry sectors (74% of NAV) through a number of listed and unlisted, privately-held and State-controlled entities.

This section gives you an overview on the Fund's portfolio and on the evolution of the monthly Net Asset Value/ share.

Portfolio Sector BreakdownAs of 30 April 2024

[name] [value]
Infrastructure 58.15%
Heavy Industry 16.33%
Aluminium 5.28%
Power utilities: generation 2.67%
Postal Services 0.82%
Others 0.71%
Net Cash and receivables* 16.04%

Portfolio Structure - by Asset TypeAs of 30 April 2024

[name] [value]
Listed Equities 5.90%
Unlisted Equities 78.06%
Net Cash and receivables* 16.04%
NAV/share (RON) 0.5990*
Share Price (RON) 0.4632**
Discount -22.67%
NAV/share (USD) 0.1292*
GDR Price (USD) 5.25**
Discount -18.73%