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Objectives And Investment PolicyInvestors ProfileInvestment RestrictionsTaxation of Capital Gain with Units of Mutual FundsFees and TaxationDepository BankIssuance and Redemption of UnitsInvestment Intermediary

Objectives And Investment Policy

1. The Fund’s primary investment objective is to realize return based on capital gains with a moderate to high risk rate. The Fund seeks to achieve its objectives by investing mainly in equity securities and, to a lesser extent in debt securities and money market instruments.

2. The Fund may use investment techniques, including financial derivative instruments, to help the Fund stay fully invested and to reduce costs.

3. Fund income is not paid out, but instead will be reinvested.

Investors Profile

Recommendation: this fund may not be appropriate for investors who plan to withdraw their money within three years.

Investment Restrictions

№ Types Of Instruments (Assets)  Relative Share of  the
Total Assets of the Fund
 
1 Stocks in companies and other transferable securities equivalent to stocks in companies 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%
2 Stocks in companies and other transferable securities equivalent to stocks in companies 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 30%
3 Stocks in companies and other transferable securities equivalent to stocks in companies 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 30%
4 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; To 20%
5 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 20%
6 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 20%
7 Shares (stocks) of other collective investment schemes and/or of other undertakings for collective investment that meet the requirements of Article 38, paragraph 1, item 5 of the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment; Up to 10%
8 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%
9 Other admissible transferable securities and money market instruments which are admissible under Article 38, paragraph 1 of the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment; Up to 10%
10 Transferable securities and money market instruments beyond the ones under Article 38, paragraph 1 of the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment; Up to 10%
11 Financial derivative instruments, including instruments that are equivalent thereto, the obligations under which may be fulfilled by cash settlement, which are traded on the regulated markets under Article 38, paragraph 1, items 1 – 3 of the Act on the Activities of Collective Investment Schemes and Undertakings for Collective Investment; Up to 10%
12 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. Not less than 5%

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

Entry Fees *
When investing up to BGN 100 000 - there is an entry fee of  0.20%
When investing above BGN 100 000 - no entry fee

* The entry fee is included in the subscription price and is not deducted separately.


Exit Fees *
When holding period is less than 2 years – there is a 0.50% fee chargeable at redemption
When holding period is more than 2 years – no exit fee

* The exit fee is included in the redemption price and is not deducted separately.

Depository Bank

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
Information:
Unicredit Bulbank
BGN account: №  BG89UNCR96601040588209
Beneficiary: Texim Bulgaria
BIC: UNCRBGSF

Investment Intermediary

 IP "Real Finance" AD
IP "Real Finance" AD