The subject of research of this diploma thesis is the presentation of the specifics of financial reporting of open-end investment funds. The investment fund market in Croatia is maturing more and more with the arrival of experienced investors from the European Union. But with the advent of the Covid 19 pandemic, all markets are highly volatile and prone to oscillations, including the investment fund market. The aim of this paper is to show which specifics distinguish the financial statements of open-end investment funds with public offering, ie UCITS funds from the financial statements of other financial institutions. The relationship between UCITS funds and the investment fund management company that manages the fund is presented, and it is obliged to compile and publish the financial statements of the fund. The basic reports intended for HANFA reporting are presented in the prescribed formats and their basic items are stated. The paper defines International Financial Reporting Standards 9 and 7 and their application in the preparation of financial statements. The paper analyzes the basic annual financial statements, ie the statement of financial position, the statement of comprehensive income, the statement of cash flows and the statement of changes in net assets of the InterCapital Bond Investment Fund for 2019 and 2020. The analysis highlighted changes in 2020 reports as a result of the Covid 19 pandemic. In addition to the pandemic that affected market volatility and hampered investment, the analysis also touches on the impact of the geopolitical situation in 2022 on the fund's own investments. The tougher policies of the European Central Bank are also causing a decline in the European bond market.