According to the legal regulation, the owner’s of fund shares can be domestic and foreign institutional and individual investors who are eligible for investing in this type of vehicle. The only restriction is the minimum amount of initial capital that needs to be committed. The fund investment strategy and the selection of the financial instruments suggest that this should be regarded as medium-term investment with clearly defined investment horizon. The fund is intended for investors how want to commit their capital for a period between 2 or 3 years (recommended investment horizon).
The Company’s primary objective is investing in financial markets for the purpose of achieving adequate returns for its investors, while at the same time strictly following the imposed investment restrictions, as well as the needs for liquidity and safety of the invested assets. The selection of financial instruments, which will be a building block of Fund’s portfolio, carries out medium level of risk that is higher than the risk associated with money market funds and fixed-income (bond) funds, while at the same time it is lower than the risk associated with equity funds.
The Company will invest the fund assets in the following instruments:
- - Investment in shares issued by entities from the Republic of Macedonia, Croatia, Serbia, Montenegro, Albania, Bosnia and Herzegovina, Ukraine, Russian Federation, Brazil, India and China;
- - Investment in shares issued by entities from countries members of the European Union and OECD.
- - Investment in Fixed income securities issued by entities from the Republic of Macedonia, Croatia, Serbia, Montenegro, Albania, Bosnia and Herzegovina;
- - Investment in Fixed income securities issued by entities from countries members of the European Union and OECD.
- - Short-term debt securities issued by entities from the Republic of Macedonia, Croatia, Serbia, Montenegro, Albania, Bosnia and Herzegovina, European Union and OECD.
- - Investments in debt securities issued by Republic of Macedonia, member countries of European Union and OECD can be over 35% of the fund assets.
- - Investment in deposits with banks in Republic of Macedonia;
- - Other money market instruments which are traded on organized markets, issued by entities from the Republic of Macedonia, as well as counties members of the European Union and OECD.
- - Investment in other open-end investment funds which are mainly investing in shares issued by entities from Southeast Europe, Ukraine, European Union, OECD, Brazil, China, India, Russian Federation, under condition that the management fee is less than 2,5%.
- - Investment in other open-end investment funds which are mainly investing in fixed income securities issued by entities from Southeast Europe, Ukraine, European Union, OECD, Brazil, China, India, and Russian Federation, under condition that the management fee is less than 2,5%.
| KB INVEST BALANCED |
35% |
65% |
35% |
65% |
0% |
30% |
0% |
10% |
The payment can be done on the account of open-end investment fund KB Invest – Balanced at Komercijalna Banka AD Skopje, acc. No. 02-781-00000049, SWIFT: KOBSMK2X, IBAN: MK07300781000000448.
1.000,00 MKD
The Company is charging annual management fee in amount of 2,5% of the fund net assets value.
The Company, from the fund assets, pays annual fee to the Custody bank based on the value of fund assets, by using the following rates:
- From 500.000.000,00 MKD 0,35%
- From 500.000.001,00 – 1.000.000.000,00 MKD 0,30%
- From 1.000.000.001,00 – 1.800.000.000,00 MKD 0,25%
- Above 1.800.000.001,00 MKD 0,20%
The fee for issuing shares is calculated on the amount of the payment, by using the following rates:
- Up to 100.000,00 MKD 3,5%
- From 100.001,00 MKD up to 500.000,00 MKD 3,0%
- From 500.001,00 MKD up to 1.000.000,00 MKD 2,5%
- From 1.000.001,00 MKD up to 3.000.000,00 MKD 2,0%
- From 3.000.001,00 MKD up to 5.000.000,00 MKD 1,0%
- Above 5.000.001,00 MKD 0,5%
An expense for buyout and payment of fund shares (or exit fee) will be charged if redemption is made within three (3) years from the moment when the fund shares were bought.
An expense for buyout and payment of fund shares is calculated on the entire amount of payment, by using the following rates:
- Up to 1.000.000,00 MKD 1,5%
- From 1.000.001,00 MKD to 5.000.000,00 MKD 1,0%
- Above 5.000.001,00 MKD 0,5%
*The Company reserves the right to reduce, or entirely release the investor from the obligation for paying entry fee with prior approval from the Board of Directors.