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| NAV per share: 06.02.2012 |
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| Issue Price: |
114,5121 EUR |
| Redemption Price: |
114,0545 EUR |
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| Prices are valid for orders submitted the previous working day |
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| Bank accounts |
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Bank: Eurobank EFG Bulgaria AD
BIC: BPBIBGSF
Beneficiary:
ELANA Eurofund
Sofia 1000,
4 Kuzman Shapkarev St
IBAN (EUR):
BG93BPBI79421479475101
IBAN (BGN):
BG14BPBI79421079475101 |
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ELANA Eurofund
ELANA Eurofund is a low-risk euro-denominated fund with approval by the Bulgarian Financial Supervision Commission as of 29th April 2009. This fund was designed as a more cost-effective alternative to the first fund of the asset manager ELANA Fund Management, IC ELANA Eurofund, registered back in 2002 as an investment company.
What is the inception date of the fund?
1st July 2009.
What is the currency of the fund?
ELANA Eurofund is euro-denominated fund and the prices of shares are calculated and published in euro.
What is the risk profile of the fund?
ELANA Eurofund has a low-risk profile. This is the fourth low-risk fund of ELANA Fund Management.
What is the investment strategy of the fund?
ELANA Eurofund employs a conservative investment strategy. It invests mainly in debt and money market instruments and only up to 20% in equity depending on certain market conditions. The investment constraints according to the prospectus are the following:
| 1. |
Bank deposits up to 12 months, payable on demand, at a bank based in Bulgaria or another EU Member State, or based in a third country but considered by the FSC Deputy Chairman one with reasonable regulations complying with EU law. |
Up to 90% |
| 2. |
Money Market Instruments admitted to or traded on regulated market complying with the Law on Public Offering of Securities in Bulgaria or other EU Member State. Money Market Instruments admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. Money Market Instruments issued by Bulgaria or other EU Member State. |
Up to 10% |
| 3. |
Securities issued or guaranteed by Republic of Bulgaria, by other EU Member State, or third country. Securities traded on regulated market in another EU Member State or admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. |
Up to 90% |
| 4. |
Securities issued or guaranteed by local or regional government bodies in Bulgaria, other EU Member State or in a third country, admitted to or traded on regulated market in EU Member State or admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. |
Up to 90% |
| 5. |
Mortgage bonds or other debt securities issued by Bulgarian or foreign banks; other corporate bonds admitted to or traded on a regulated market in Bulgaria or other EU Member State; or admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. |
Up to 90% |
| 6. |
Other debt securities admitted to or traded on a regulated market in Bulgaria or other EU Member State; or admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. |
Up to 30% |
| 7. |
Company stocks, share-purchase rights and other securities equivalent of company stocks admitted to or traded on a regulated market in Bulgaria or other EU Member State; or admitted to trading on official market of a stock exchange/traded on a regulated market in a third country which is approved by FSC Deputy Chairman. |
Up to 20% |
| 8. |
Shares of collective investment schemes licensed for activity in accordance with Directive 85/611/EEC and or other collective investment schemes complying the requirements of the Law on Public Offering of Securities, based in Bulgaria or other EU Member State or in a third country, but on condition that they do not invest more than 10% in other collective investment schemes. |
Up to 20% |
| 9. |
Newly issued securities with the obligation to be admitted for trading on official market of the Bulgarian 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 20% |
| 10. |
Derivatives with underlying asset according to the investment policy of the Fund and subject to regulation by Law on Public Offering of Securities for OTC traded derivatives. |
Up to 20% |
| 11. |
Other legally recognized securities and money market instruments, different from the ones in sections 1 to 10, including such not admitted to and traded on regulated market as long as this is legally recognized. |
Up to 10% |
What is the basic value of 1 share?
The basic value of 1 share of ELANA Eurofund is worth EUR 100.
Who are the investors finding this fund the best match?
ELANA Eurofund is a good match for investors with low risk tolerance, ready to use the advantages of mutual funds' investment for their savings. The fund serves the needs both of individual and institutional investors.
What are the entry and exit fees?
. The entry fee of ELANA Eurofund is 0.1% of NAV per share published on the day of the order execution. This fee is valid for individual investment of up to EUR 999 999.99. For sums of and over EUR 1 mln there is no entry fee.
. The exit fee of ELANA Eurofund is 0.3% of NAV per share published on the day of the order execution, which is valid for sums up to EUR 999 999.99. There is no exit fee for amounts of and over EUR 1 mln.
. 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 0.75% 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. The asset manager can decide on certain days to calculate less than the maximum amount of the fee or not to calculate a charge at all.
When is the NAV per share calculated and reported?
The net asset value per share of ELANA Eurofund, issue price and redemption price per share are being calculated every working day.
Where can you find the fund share prices published?
ELANA Eurofund 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 Eurofund reports the prices upon calculation to the Financial Supervision Commission and the Bulgarian Stock Exchange.
Can you purchase partial shares of ELANA Eurofund?
Investors can place an order for a certain amount of money they have decided to invest - so they can purchase also partial fund shares.
When will you be able to sell your shares?
ELANA Eurofund will start share redemption after the fund net assets reach BGN 500 000. However, it is advisable for investors to consider a longer time horizon for investment in mutual funds in order to take advantage of those products.
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 Eurofund is published on the fund's Yield page. Monthly reporting on ELANA Eurofund 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 Eurofund prospectus and rules & regulations are 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 |
EUROBANK EFG BULGARIA, Sofia |
Code |
BIC BPBIBGSF |
In EUR |
IBAN BG93BPBI79421479475101 |
In BGN |
IBAN BG14BPBI79421079475101 |
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