Valor Fixed Income

Investment Strategy

Valor Fixed Income is designed for investors seeking stable income and capital preservation. The fund primarily invests in debt instruments issued by high-quality sovereign and corporate issuers in both developed and emerging markets. The portfolio may also include ETFs focused on the bond market.

Key Features

  • Balanced currency structure: KZT and international currencies
  • Conservative active management
  • Selection of undervalued bonds with attractive yields under strict risk control
  • Use of hedging instruments to mitigate risks

Materials for review:

Fund Constitution Offering Memorandum

Valor Growth

Investment Strategy

The strategy combines equities and bonds to achieve long-term capital growth with moderate risk. The portfolio structure is adjusted to macroeconomic trends and market cycles. Equities are selected through fundamental and quantitative analysis, while bonds are chosen with an emphasis on reliability and stable income. Selective hedging with options may also be used. Suitable for investors who value a balanced approach, diversification, and risk control.

Key Features

  • Based on fundamental analysis and financial modeling
  • Long-term strategic positioning
  • Exposure to both mature and fast-growing sectors
  • Diversification to reduce volatility and enhance returns

Materials for review:

Fund Constitution Offering Memorandum

Valor Active

Investment Strategy

This strategy focuses on selecting equities with high growth potential through fundamental and quantitative analysis. To enhance returns and manage risks, advanced options strategies are applied - covered calls, protective puts, and spreads. The portfolio structure is flexibly adapted to market conditions. Suitable for investors with high risk tolerance and a long-term horizon. The goal is sustainable outperformance of the market with proper risk and liquidity management.

Key Features

  • Tactical allocation between growth equities and income-generating assets
  • Use of derivatives for hedging and strategic positioning
  • Active portfolio rebalancing in response to market changes

Materials for review:

Fund Constitution Offering Memorandum
NAV Dynamics

Net asset value minus all fees

DATEMONTHLY GROWTH
DECEMBER 31, 2025+2.16%

In absolute terms, net of all fund fees and expenses