INFORMATION FOR INVESTORS
Master data and information of the sub-fund - Slovakia Development Fund I
Security number
147029546
ISIN
LI1470295463
Distribution to retail investors
No
Planned duration of the sub-fund*(1)
Limited to 5 years with the option to shorten or extend the term of the subfund
twice by 1 year each time
Listing
No
Accounting currency of the sub-fund
Eur (EUR)
Reference currency of the unit classes *(2)
Eur (EUR)
Minimum investment
EUR 1 million
Valuation date
on 31 December and at the end of the month if subscriptions are received
Valuation interval
Annually and at the end of the month, if subscriptions are available
Issue and redemption date
Every valuation day
Closing date for subscriptions (T-10)
In each case 10 calendar days before the valuation date*(3)
Initial issue price
EUR 100
Closing of accounting year
31 December of each year
Closing of first financial year
TBD
Profit appropriation
Accumulating
Denomination
3 decimal places
Costs charged to investors*(4)
Max. Front-end load: 3%Max.
Redemption fee: None
Costs charged to the sub-fund(5)(6)
Max. Management and depositary fee 0.17% p.a. plus max. CHF 25,000 p.a.
Max. Portfolio fee 1.5% p.a.
Max. Service fee CHF 2'500.- p.a.
Performance fee
20%
Hurdle rate
10%
Reference indicator
High-on-high
Benchmark
The AIF does not have a benchmark.
Index tracking
No, actively managed.
Notes:
*(1) Subscriptions are possible during the term of the fund, but no redemptions. Neither the AIFM nor the custodian are obliged to redeem units before the end of the term.
*(2) The reference currency is the currency in which the performance and the net asset value of the sub-fund are calculated.
*(3) The subscription period for subscriptions may be waived by decision of the AIFM.
*(4) The commission or fee actually charged is shown in the annual report.
*(5) Plus taxes and other costs: transaction costs and expenses incurred by the AIFM and the depositary in the performance of their functions.
*(6)In the event of the dissolution of the sub-fund or the AIF, the AIFM may charge a liquidation fee in its favour.
Benefits for Investors
Immediate long-term potential
Lowered VAT rate to 5% instead of standard 23%
Minimal involvement
of the state
Ability to negotiate with major employers and the state
State-managed influx of new tenants through the booking portal
State-guaranteed legal stability
Long-term investment agreements (min. 25 years)
Tax-free employer benefits
Indemnification in case of key system pillar changes
Unrestricted property
after 25 years