ELANA Money Market Fund
ELANA Money Market Fund is a fund with low-risk profile, fund type “money market fund”. Date of inception – 31 October 2007. The fund wrapped up the difficult fund industry year of 2008 as the best performing Bulgarian fund with return of approx.8%.
What is the currency of the fund?
Investments in ELANA Money Market Fund are in BGN. Share prices are announced in BGN.
What is the risk profile of the fund?
ELANA Money Market Fund has a low-risk risk profile following a conservative investment strategy.
What is the investment strategy of the fund?
ELANA Money Market Fund invests mainly in money market instruments and debt instruments. A smaller portion of the portfolio hold shares in other funds. ELANA Money Market Fund applies active model of portfolio management.
| |
INSTRUMENTS |
SHARE IN THE TOTAL FUND ASSETS % |
| I. |
Money market instruments |
|
| 1. |
Bank deposits |
up to 90% |
| 2. |
REPO deals (1 month term) |
up to 90% |
| 3. |
Other monetary instruments |
up to 10% |
| II. |
Securities admitted to trading on a regulated market |
|
| 4. |
Debt securities |
up to 90% |
| 4.1. |
Securities issued and guaranteed by Republic of Bulgaria or other EU Member State or by third country |
up to 90% |
| 4.2. |
Corporate and mortgage bonds |
up to 30% |
| 4.3. |
Municipality bonds and other securities issued by local bodies of Republic of Bulgaria, other EU Member State or by third country |
up to 30% |
| 4.4. |
Other debt securities |
up to 10% |
| 5. |
Fund shares |
up to 30% |
| 5.1. |
Shares of funds investing in money market instruments admitted to or traded on a regulated market in Bulgaria or other EU Member State |
up to 10% |
| 5.2. |
Shares of funds investing in money market instruments admitted to or traded on a regulated market in third country |
up to 10% |
| 5.3. |
Other fund shares |
up to 10% |
| III |
Securities that are not traded on regulated market |
up to 10% |
| IV |
Derivatives with underlying asset according to the investment constraints above |
following the basic restrictions |
Who are the investors finding this fund the best match?
ELANA Money Market Fund is a very useful means for gains at lower risk for working capital. It is a good match for investors seeking to optimize their cash flow by making investment at flexible terms - ELANA Money Market Fund does not charge any entry and exit fees and gains are tax-free. The fund is an actual safe heaven in turbulent stock markets – investors can move cash from higher risk funds to the money market fund and back whenever they decide on the basis of their tolerance to the market developments. ELANA Money Market Fund wrapped up 2008 as the best performing Bulgarian fund with a return of approx. 8%.
What are the entry and exit fees?
•No entry or exit fees are charged.
•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 0.85% 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 Money Market Fund, issue price and redemption price per share are being calculated every working day.
Where can you find the fund share prices published?
ELANA Money Market 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 Money Market Fund reports the prices upon calculation to the Financial Supervision Commission and the Bulgarian Stock Exchange.
Can you purchase partial shares of ELANA Money Market 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 Money Market Fund is published on the fund’s Yield page. Monthly reporting on ELANA Money Market 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 Money Market 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 funds 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 AD
|
BIC |
BPBIBGSF |
in BGN |
IBAN BG 46 BPBI 7942 10 76254901 |
beneficiary:
|
ELANA Money Market Fund, Sofia 1000, 4, Kuzman Shapkarev St. |
Prospectus in Bulgarian language
|
