1. The investment objective of the Fund is to maintain the value of the Fund's property and to make profit mostly based on capital gains and interest income in the situation of low to moderate level of risk.
2. The Fund invests in transferable debt securities, money market instruments and deposits with credit institutions.
3. The transferable debt securities and the money market instruments in which the Fund invests may be issued in the Republic of Bulgaria, in another Member State or a third country, as well as by other companies.
4. The income gained and the operating profit of the Fund is reinvested in the business thereof with a view to increasing the net value of its assets to the benefit of shareholders.
The investments in shares of the Fund are aimed at investors who would like to invest funds in a diversified product, which offers to maintain the value of their investment and is secured by the investments in money market instruments and debt securities and carries a low to moderate level of risk.
The target investor is a person who aims to increase their investment in a long-term perspective, and at the same time, should they need funds, has the chance to utilize the liquidity of their investment in the shares of the Fund by placing them for buyback.
The investments in shares of the Fund are also appropriate for institutional investors who pursue either a moderate or a conservative policy of fund management and are interested in long-term investments. By investing a part of their assets in shares of the Fund, institutional investors will be able to diversify their investment portfolio and at the same time to gain access to quick liquidity without affecting the income from their participation in the Fund.
Investments in the Fund are also appropriate for corporate investors with temporary or mid-term cash available and no investment alternative to provide both investment profitability and liquidity.
Types of instruments (assets)
Relative share of the
Total Assets of the Fund
Transferable debt securities and money market instruments which are admitted to trading or traded on a regulated market under Article 152, paragraphs 1 and 2 of the Markets in Financial Instruments Act;
Up to 90 %
Transferable debt securities and money market instruments which are traded on a regulated market other than the one under Article 152, paragraphs 1 and 2 of the Markets in Financial Instruments Act in the Republic of Bulgaria or in another Member State which operates regularly and is recognised and open to the public;
Up to 90 %
Transferable debt securities and money market instruments which are admitted to trading on an official market such as the stock exchange or traded on another regulated market in a third country, which operates regularly and is recognised and open to the public, where such markets are on the list of the Financial Supervision Commission upon a proposal of the Deputy Chair, or are provided in the Regulations of the investment fund;
Up to 90 %
Recently issued transferable securities the emission of which incorporates the condition to assume the obligation of requesting admission and within a year of their issuance at the latest to have them admitted to trading on an official market such as the stock exchange or traded on another regulated market in a third country, which operates regularly and is recognised and open to the public, where such markets are on the list of the Commission upon a proposal of the Deputy Chair, or are provided in the Regulations of the investment fund;
Up to 10 %
Deposits in credit institutions which are repayable on demand or which may be withdrawn at any time, the maturity of which is no more than 12 months away. Any third-country credit institutions shall comply with the regulations and are subject to supervision, whereby the said rules shall be ones that the Financial Supervision Commission has deemed equivalent to the ones of the European Union law.
Up to 100 %
Money market instruments other than the ones traded on a regulated market and mentioned in § 1, item 6 of the Additional Provisions to the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment if the issuance or the issuer of the said instruments is subject to supervision with a view to protecting investors or savings and comply with the terms and conditions under Article 38, paragraph 1, item 9 of the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment;
Up to 90 %
Taxation of Capital Gain with Units of Mutual Funds
In accordance with the Law for corporate income tax, ph. 174 and with the Law Law for Physical Person Income Taxation, the capital gain realized from units of the 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.
Fees and Taxation
Fees and taxation
No entry or exit fees are charged.
The investors pay all payment transactions fees associated with investmenting in the Fund.
Unicredit Bulbank 7 Sveta Nedelya Sq.1000 Sofia, Bulgaria
Issuance and Redemption of Units
Investors can place orders for subscription and redemption of units of Texim Bulgaria at the headquarter of Texim Asset Management every business day between 10 am. and 4 pm. The order should be submitted in person or through a proxy against the presentation of an identity document and the respective power of attorney and/or company documents. The funds for the subscription are wired though a bank transfer to the account of the fund in UniCredit Bulbank indicated below and a copy of the document certifying the transfer is presented upon the placement of the order.
- The subscription order is fulfilled within 7 days from the date of placement at the issue price calculated on the nearest day following its submission. The order is executed up to the amount of the invested amount divided by the issue price per unit. The redemption order is fulfilled within 10 days following its submission at the redemption price calculated on the nearest day following the day of submission.
Bank details for purchase of shares of the fund
BGN account: № BG34UNCR96601040588908
Beneficiary: Texim Bulgaria
Unicredit Bulbank, First Investment Bank, Real Finance