- 0,00 % by investments held in the fund above 1 year
- 0,30 % by investments held in the fund below 1 year*
*The exit fee is included in the redemption price and is not deducted separately.
The remuneration of the management company is at the rate up to 1.00% of average annual net assets of "Raiffeisen (Bulgaria) Active Protection in BGN" and is calculated daily.
*The Management Company fee is included in the unit price and is not deducted separately.
In accordance with the Law for Corporate Income Tax, ph. 174 and with the Law for Physical Person Income Taxation, the capital gain realized from units of Raiffeisen (Bulgaria) Capital Protected in BGN Fund is not subject to taxation and is excluded from the total taxable base.
The above mentioned is applicable to local physical persons, settled for taxable aims in a country-member of the European union or in another country-member of the European economic area.
The income from deals with units of the fund (the realized capital gain), as well as from deals with financial assets overall, received by physical persons settled in third countries, out of the above mentioned, shall be taxed with a 10% final tax on their taxable income.
Raiffiesen-Euro-Click offers a mechanism of protection, which aims at preserving 90% of the highest historical NAV per share and prevention of losses in excess of 10% of that value. This model is not a binding investment goal of the Fund and is not a solid guarantee for the funds invested in it. That is why capital losses are possible. As a part of the Fund’s investment strategy, investment in derivatives is possible. As a result of its composition and management techniques, the fund could show high volatility levels – the share price could rise and fall significantly in short periods of time, which makes capital loss limitation impossible.
MF Raiffeisen (Bulgaria) Active Protection in BGN is Feeder collective investment scheme which invests by way of derogation from the provisions of Art. 4, para 1, Item 1, Art. 38, 45, 48 and Art. 49, para 2, Item 3 of LACISOCIU, at least 85 per cent of its assets in units of Austrian MF „Raiffeisen Euro Click“ organized and managed by Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
Investing in mutual funds is related to certain risks. The value of the units and income generated from them may decrease. Earnings are not guaranteed and there is a risk for the investors to not recuperate the full amount of their investments. Investments in mutual funds are not secured by a Guarantee Fund, established by the State or any other type of guarantee. The future performance of mutual funds are not necessarily related to the results of previous periods. The information presented is not a recommendation for investment in financial instruments, including units of mutual funds organized and managed by Raiffeisen Asset Management Bulgaria and should not be construed as such. For investors it is advisable to get acquainted with the current prospectuses and rules of mutual funds before deciding to invest. Full prospectuses and additional information about mutual funds may be obtained at the offices of Raiffeisen Asset Management (Bulgaria) EAD and Raiffeisenbank (Bulgaria) EAD, as well as on the website of RAM www.ram.bg.
Custodian bank of the Master scheme is Raiffeisen Bank International AG. The prospectus, annual and semi-annual financial statements, the prices for subscription and redemption, as well as additional information for the Master scheme can be found free of charge in German on www.rcm.at. In case of international registrations from countries that are not German speaking, you can find this information in English on www.rcm-international.com. Upon request, the investor is entitled to receive free of charge, paper copy of the prospectus, annual and semi-annual reports of the Master scheme.