Stabelo Fund 1
Stabelo Fund 1 is issuing long-dated Participating Debentures in order to provide institutional investors the opportunity to gain exposure to Swedish residential mortgages secured by single family homes or tenant-owned apartments. The Swedish mortgage market is characterized by full recourse mortgage contracts, insignificant volumes of teaser adjustable rate mortgages and, in an international context, relatively low average loan-to-value-ratios.
The Fund is specifically targeting professional institutional investors that have a long-term investment horizon.
Stabelo Fund 1 is raising funds on a continuous basis by issuing Participating Debentures. The Participating Debentures are listed on the Nordic Growth Market in Stockholm.
|Fund Assets under Management, MSEK||1 158.3|
|Net Asset Value per debenture, MSEK||1.021|
|Issue price per debenture, %||102.47%|
|Proportion of 3-month floating mortgage loans, %||93.8%|
|Modified duration of mortgages at period end, years||0.257|
1. Issue price per debenture is stated prior to new subscriptions in process at the month end.
2. Issue price per debenture is the Fund issue price in the primary market expressed as a percentage of debenture base amount and comprises portfolio value per debenture according to Fund Terms and Conditions plus interest compensation for interest accrued since date of last distribution.