ELANA Balanced $ Fund
ELANA Balanced USD Fund is a fund with balanced risk profile, in US dollars. Date of inception – 6 March 2006. This was the first USD fund on the Bulgarian market.
What is the currency of the fund?
What is the risk profile of the fund?
What is the investment strategy of the fund?
Who are the investors finding this fund the best match?
What are the entry and exit fees?
What is the fund management fee?
When is the NAV per share calculated and reported?
Where can you find the fund share prices published?
Can you purchase partial shares of ELANA Balanced EUR Fund?
Where can you see the performance history of the fund?
What are the information services available for ELANA Fund Management investors?
Where can you find the fund prospectus?
How to invest in the fund?
What is the bank account of the fund?
What is the currency of the fund?
Investments in ELANA Balanced USD Fund are in USD. Share prices are announced in USD every working day.
What is the risk profile of the fund?
ELANA Balanced USD Fund has a balanced risk profile following a balanced investment strategy.
What is the investment strategy of the fund?
ELANA Balanced USD Fund -invests in liquid Bulgarian and foreign financial instruments, employing a balanced strategy. The fund actively manages a diversified portfolio of equity, debt securities and structured instruments.
Investment Constraints by Prospectus
| № |
Instruments |
% of assets |
| 1. |
Bulgarian stocks admitted to trading on regulated market in Bulgaria or other EU Member State. |
up to 60% |
| 2. |
Foreign stocks admitted to trading on regulated market in a non-EU country which is included in a country list approved by the FSC Deputy Chairman or included in the statutes of the fund. |
up to 40% |
| 3. |
Bulgarian bonds and money market instruments admitted to trading on a regulated market in Bulgaria or other EU Member State. |
up to 80% |
| 4. |
Foreign bonds admitted to trading on internationally recognized and liquid regulated markets. |
up to 20% |
| 5. |
Newly issued securities with the obligation to be admitted for trading on official market of a stock exchange within 1 year of issue; this also goes for any other regulated market which is recognized and included in a country list approved by the FSC Deputy Chairman or included in the statutes of the fund. |
up to 80% |
| 6. |
Shares of collective investment schemes licensed for activity in accordance with Directive 85/611/EEC and other legally recognized collective investment schemes. |
up to 20% |
| 7. |
Derivates, including instruments that are equivalent to them, traded on regulated markets and allowed to result in cash payment. OTC derivatives that comply with the legal requirements. |
up to 10% |
| 8. |
Cash and receivables on deposits without fixed maturity dates or with 3-months term, or other securities and instruments defined by an ordinance. |
Not less than 10% |
Who are the investors finding this fund the best match?
ELANA Balanced USD Fund is a good match for investors who are ready to use the advantages of mutual funds’ investment for their savings but are tolerant to a balanced level of taking risk. The fund serves the needs both of individual and institutional investors.
What are the entry and exit fees?
• The entry fee of ELANA Balanced USD Fund is 0.5% of NAV per share published on the day of the order execution.
• The exit fee of ELANA Balanced USD Fund is 0.5% of NAV per share published on the day of the order execution.
• No fees are charged for any additional service to investors offered by ELANA Fund Management.
What is the fund management fee?
The maximum amount of the management fee for the asset manager ELANA Fund Management is set on 2.5% of the average net assets value of the fund. The management fee is not paid directly by investors when buying or selling shares. It is regularly calculated within each NAV report.
When is the NAV per share calculated and reported?
The net asset value per share of ELANA Balanced USD Fund, issue price and redemption price per share are being calculated every working day.
Where can you find the fund share prices published?
ELANA Balanced USD Fund publishes share prices every working day on www.elana.net and through the website of the Bulgarian Association of Asset Managers in a number of dailies. Simultaneously, ELANA Balanced USD Fund reports the prices upon calculation to the Financial Supervision Commission and the Bulgarian Stock Exchange.
Can you purchase partial shares of ELANA Balanced EUR Fund?
Investors can place an order for a certain amount of money they have decided to invest - so they can purchase also partial fund shares.
Where can you see the performance history of the fund?
ELANA Fund Management publishes regularly information about ELANA funds’ performance on monthly and annual basis; funds’ NAV and funds’ portfolio structures in the end of the month.
According to the law, yield results of a fund can be reported after 6-months of fund inception. Monthly performance information about ELANA Balanced USD Fund is published on the fund’s Yield page. Monthly reporting on ELANA Balanced USD Fund portfolio structure is published on Portfolio structure page. Monthly fact sheets for all ELANA funds are published as ELANA Funds Monthly Report
What are the information services available for ELANA Fund Management investors?
• ELANA Funds Monthly Report - includes all ELANA funds’ fact sheets with monthly update of performance;
• Free access to database with market and public companies’ analyses by ELANA’s brokerage Research Department. There is also an option for email subscription to selected regular research reports.
Where can you find the fund prospectus?
ELANA Balanced USD Fund prospectus is published only in Bulgarian on Documents page in the Bulgarian version of this website. For any queries related to information from this document in English, please contact marketing@elana.net.
How to invest in the fund?
• Visit the nearest ELANA investment centre
• Transfer the amount you would like to invest to the fund’s bank account or bring it cash to the nearest ELANA investment centre;
• Place a purchase order;
• Documents you need to present:
o For individual investors - ID card;
o For legal entities: please contact first consultant at ELANA investment centre.
• The Central Depositary will issue a depositary receipt within 4 working days – this is the official document certifying your shareholdership.
• The depositary receipt will be available at your nearest ELANA investment centre.
What is the bank account of the fund?
Bank: Unicredit Bulbank AD
BIC: UNCRBGSF
Beneficiary: ELANA Balanced $ Fund
Sofia 1000, 4 Kuzman Shapkarev St.
IBAN (USD):
BG17UNCR76301175717243
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