NMF Activa
ISIN CODE: BG9000002204, EIK 177469851
National Mutual Fund "Activa" is managed by Management company "Activa Asset Management" AD UIC 175263888
Fund Custodian Bank
The custodian bank holds the assets of the NMF Activa and controls both the operations and the calculation of the fund's net asset value.
"United Bulgarian Bank" AD with registered office and management address:
Sofia, Triaditsa district, 89B Vitosha Blvd.”
Transfer of amounts for the purchase of units of NMF Activa can be made to the fund's account at "United Bulgarian Bank" AD:
BG54 UBBS 8002 1012 3506 50 - NMF Activa (BGN)
The prospectus and the key information documents are available and provided free of charge online, as well as at the office of the Management Company "Activa Asset Management" AD.
GOALS AND INVESTMENT POLICY
The fund's assets are invested in:
- shares in companies and other securities equivalent to shares in companies.
- mortgage bonds and other debt securities issued by Bulgarian or foreign banks, admitted to or traded on a regulated market in the Republic of Bulgaria, in another Member State or in a third country specified in a list approved by the Commission on the proposal of the Deputy Chairman.
- corporate bonds, other debt securities and money market instruments admitted to or traded on a regulated market.
- other transferable securities that give the right to acquire transferable securities by subscription or exchange.
- in deposits in banks, payable on demand or from which there is a right to withdraw them at any time, provided that the bank is headquartered in the Republic of Bulgaria or in another Member State, and if it is headquartered in a third country - provided that it is subject to prudential rules, which by decision of the Commission on the proposal of the Deputy Chairperson have been determined to be equivalent to those under European Union law.
- certificates on precious metals.
- contracts for the purchase or sale of financial instruments with a repurchase agreement (repo transactions).
- The Fund may invest 100% of its assets in bank deposits. The maximum value of deposits in a single credit institution may not exceed 50% of the Fund's assets.
- The Fund maintains no less than 2% of its assets in cash.
2. Investors may purchase or redeem units at the head office of the management company, every business day from 09:00 to 16:00.
3. The National Mutual Fund is not oriented towards investments in a specific industrial or other market sector. The National Mutual Fund invests primarily in securities traded in Bulgaria and in other Member States.
4. Dividends received by the national mutual fund are not distributed among investors, but increase the net value of its assets.
5. The Fund's rules allow the application of appropriate strategies and techniques for protection against market, currency and other risks ("hedging"): transactions with options, futures, swaps and other derivatives. The factors expected to determine the Fund's result from these operations are: asset profitability, effectiveness of the hedging techniques used, market liquidity, etc. Transactions with derivatives are associated with different and higher risks than with traditional investments. There is no certainty that such transactions and techniques, if implemented, will be successful.
6. The National Mutual Fund is not an undertaking within the meaning of Directive 2009/65/EC of the European Parliament and of the Council and is not a collective investment scheme.
RISK AND RETURN PROFILE
SUMMARY RISK INDICATOR (SRI)
The risk indicator is based on a 5-year investment holding horizon. The SRI indicates the probability of monetary loss as a result of market dynamics.
According to the adopted methodology of the fund, a risk category of 5 out of a total of 7 levels has been determined (1=“lowest risk” , 2=“low risk”, 3=“medium-low risk”, 4=“medium risk”, 5=“medium-high risk”, 6=“second most important risk”, 7=“highest risk”), corresponding to medium risk. The SRI aims to provide guidance on the level of risk of the fund and its potential for generating income.
OTHER RISK FACTORS TO WHICH INVESTORS IN THE FUND UNITS ARE EXPOSED, WHICH ARE NOT COVERED BY THE INDICATOR:
- Interest rate - the risk that changes in market interest rates will adversely affect the income or value of the Fund's assets.
- Credit - the risk that the issuer of debt securities and money market instruments, respectively the person providing collateral, will be unable to fulfill its obligations, in particular to repay the principal and/or interest due on time.
- Liquidity - the risk that under certain conditions it may prove difficult or impossible for the Management Company to sell securities or instruments held by the Fund on the money market at a favorable price.
- Operational risk - The possibility of incurring losses related to errors or imperfections in an organization's system, adverse external events of a non-financial nature.
- Risks of using derivatives.
- Other risks such as market, currency, inflation, political risk, management risk.