Luminor 2003-2009 target group fund – this fund is most suitable for people who are 43-49 years old before retirement. The purpose of investing the pension assets of the fund is to achieve the maximum possible increase in its value throughout the accumulation period. The most likely share of investments in stocks at the beginning of the fund's activities reaches 90%. It begins to be reduced when the retirement age of a typical participant in the fund remains at 16 years and is reduced annually by 5 percentage points until it reaches 10%. Accordingly, the share of investments in the debt securities of the European Union, the Organization for Economic Co-operation and Development, the governments of the European Union, the Organization for Economic Co-operation and Development, developing countries and non-investment-grade firms is increased.
Pension Fund depositary – Luminor Bank AS, legal entity code 11315936, registration address Liivalaia tn 45, Tallinn 10145, Republic of Estonia, acting through Luminor Bank AS Lithuanian branch, legal entity code 304870069, registered office address Konstitucijos pr. 21A, 08105, Vilnius, Republic of Lithuania.
As of 2025-01-01:
The share of developed countries equities has been increased, reducing the share of emerging markets and hedging its exchange rate risk to limit the emerging market risk. The less risky assets benchmark was broadened to include government, corporate, emerging markets and high-yield corporate debt in order to increase diversification and yields.
The benchmark consists of a basket of risky assets (equities):
76.5 % MSCI World Daily Net Total Return EUR Index
13,5 % MSCI EM Daily Net Total Return EUR Index.
Less risky assets (debt securities):
3,0 % Bloomberg Euro Aggregate Treasury Total Return Value Unhedged EUR Index
4,0 % Bloomberg Euro-Aggregate Corporate Total Return Value Unhedged EUR Index
2,0 % Bloomberg EM USD Sov + Quasi-Sov Total Return Value Hedged EUR Index
1.0 % Bloomberg Liquidity Screened Euro High Yield Bond Total Return Value Unhedged EUR Index.
