ELANA High Yield Fund
ELANA High Yield Fund is a fund with high risk profile, in BG leva. Date of inception – 20 June 2005.
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 High Yield 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 High Yield Fund are in BGN. Share prices are announced in BGN every working day.
What is the risk profile of the fund?
ELANA High Yield Fund has a high risk profile following an aggressive investment strategy.
What is the investment strategy of the fund?
ELANA High Yield Fund can invest up to 90% of its assets in shares of Bulgarian companies. The fund actively manages a diversified portfolio including also fixed income securities.
| Investment Constraints by Prospectus |
| № |
Instruments |
% of assets |
| 1. |
Bulgarian companies’ stocks admitted to trading on a regulated market |
up to 80% |
| 2. |
Foreign companies’ stocks admitted to trading on a regulated market |
up to 50% |
| 3. |
Securities guaranteed by the Bulgarian state, corporate, mortgage and municipality bonds |
up to 50% |
| 4. |
Fixed-income foreign qualified securities traded on internationally recognized regulated markets |
up to 20% |
| 5. |
Cash, 90-days deposits or deposits without fixed maturity dates |
Not less than 10% |
Who are the investors finding this fund the best match?
ELANA High Yield Fund is a good match for investors who are ready to take a greater risk for gains from their savings by investing them in mutual funds. Investors in such a fund should bear in mind a longer investment horizon in order to benefit from the advantages of investing in a high risk fund. The fund serves the needs both of individual and institutional investors.
What are the entry and exit fees?
• The entry fee of ELANA High Yield Fund is 0.75% of NAV per share published on the day of the order execution.
• The exit fee of ELANA High Yield Fund is 0.75% 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 3% 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 High Yield Fund, issue price and redemption price per share are being calculated every working day.
Where can you find the fund share prices published?
ELANA High Yield 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 High Yield Fund reports the prices upon calculation to the Financial Supervision Commission and the Bulgarian Stock Exchange.
Can you purchase partial shares of ELANA High Yield Fund?
ELANA High Yield Fund is registered as an investment company and cannot offer partial shares. This does not mean that investors have to calculate specific amounts for investment. They can make an order for the amount of money they would like to invest and after calculation of the exact number of shares, the remaining cash will be returned to them.
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 High Yield Fund is published on the fund’s Yield page. Monthly reporting on ELANA High Yield 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 High Yield 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: Eurobank EFG Bulgaria AD
BIC: BPBIBGSF
Beneficiary: ELANA High Yield Fund
Sofia 1000, 4 Kuzman Shapkarev St.
IBAN (BGN):
BG70BPBI99205030011601
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