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 more than one year (recommended investment horizon).
The investment strategy defines the instruments that will be included in the fund portfolio and how the long-term fund objectives will be met. The fund aims to provide protection against devaluation, inflation or deflation by investing directly in equities issued by producers of investment and industrial metals or indirectly by investing in ETF funds that have a similar investment strategy. Precious metals and their costs as industrial goods can maintain their real value, they can easily absorb any changes in the general price level and production costs, and they can provide protection of investments especially in case of increased economic uncertainty caused by internal and/or external shocks. The advantages of investing directly in companies that are involved in production of precious metals are avoiding the problems with margins, storage costs and security risks arising from the physical storage.The selection of financial instruments, which will be a building block of Fund’s portfolio, carries out high level of risk.
The Company will invest the fund assets in the following instruments:
- - Investment in equities issued by producers of investment and industrial metals without geographical restrictions;
- - Investment in deposits with banks in Republic of North Macedonia with maturity less than one (1) year;
- - Money market instruments traded on organized exchanges and issued by entities from Republic of North Macedonia, as well as EU and OECD member states;
- - Allocation in investments funds which have specific sectoral specialization – investment and industrial metals, under condition that the management fee is less than 2,0%.
| KB INVEST Gold fund |
0% |
100% |
0% |
0% |
0% |
10% |
The payment can be done on the account of open-end investment fund KB Invest Gold fund at Komercijalna Banka AD Skopje, acc. No. 30000004604432.
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:
- Up to 1.000.000.000,00 MKD 0,21%
- From 1.000.000.001,00 – 1.800.000.000,00 MKD 0,19%
- Above 1.800.000.001,00 MKD 0,17%
The fee for issuing shares is calculated on the amount of the payment, by using the following rates:
- Up to 500.000,00 MKD 3,5%
- From 500.001,00 MKD up to 1.000.000,00 MKD 3,0%
- From 1.000.001,00 MKD up to 2.000.000,00 MKD 2,0%
- From 2.000.001,00 MKD up to 3.000.000,00 MKD 1,0%
- Above 3.000.000,00 MKD 0,5%
An expense for buyout and payment of fund shares (or exit fee) will be charged if redemption is made within 1 year 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 year 1,00%
- More than 1 year 0,00%
*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.