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 is set up to replicate (as closest as possible) the Macedonian stock exchange index MBI 10. The selection of financial instruments, which will be a building block of Fund’s portfolio, carries out highest level of risk.
The Company will invest the fund assets in the following instruments:
- - Investment in shares issued by entities from the Republic of Macedonia that are included in the Macedonian stock exchange index MBI 10;
- - Investment in fixed income securities issued by the Republic of Macedonia;
- - Investment in deposits with banks in Republic of Macedonia with maturity less than one (1) year and investment in other open-end investment funds with lowest level of risk which are mainly investing in deposits and fixed income securities, under condition that the management fee is less than 1,0%.
| KB INVEST MBI 10 |
90% |
100% |
0% |
10% |
0% |
10% |
The payment can be done on the account of open-end investment fund KB Invest MBI 10 at Komercijalna Banka AD Skopje, acc. No. 30000004065209.
1.000,00 MKD
The Company is charging annual management fee in amount of 1,25% 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 0,25%
- From 1.000.000.001,00 – 1.800.000.000,00 MKD 0,22%
- 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 500.000,00 MKD 1,5%
- From 500.001,00 MKD up to 1.500.000,00 MKD 1,0%
- Above 1.500.000,00 MKD 0,5%
An expense for buyout and payment of fund shares (or exit fee) will be charged if redemption is made within twelve (12) months 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 12 months 1,00%
- More than 12 months 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.