The investment in Mutual Funds and its management is connected with fees and expenses, owed by the investor and the Mutual Fund.
Fees due for the account of client
|
Subscription fee
|
2.00% *
|
|
Redemption fee
|
None
|
* From 01.11.2010 to 14.05.2011 there is no subscription fee of 2.00% for purchases of units of UBB Premium Euro Equity.
“UBB Asset Management” has provided for a network of offices (desks) where investors may submit orders for purchases and sales of units of “UBB Premium Euro Equity”. These are the office of the Management company and the branches of United Bulgarian Bank (as specified in Branch Network).
Expenses due for the account of UBB Premium Euro Equity Fund
|
Management fee
|
3.00%
|
The fee for the management company is an annual payment for UBB Asset Management, which is 3.00% of the average annual net value of assets of UBB Premium Euro Equity.
Other expenses due for the account of UBB Premium Euro Equity Fund are as follows:
- Commissions of investment intermediaries;
- A fee of the Depository Bank;
- A fee of the auditor of the annual financial statements;
- For supervision;
- For Central Depositary AD;
- For depreciation (if the FUND acquires fixed assets).
Tax regime
Collective investment schemes admitted to pubic offering under Public Offering of Securities Act are not subject to corporate tax.
The unit holders of UBB Premium Euro Equity do not owe tax in the event of realising any potential gains on selling their units back to UBB Premium Euro Equity.
For additional information investors may get acquianted with the Full Prospectus of "UBB Premium Euro Equity".