Capital Breeder

An open-end investment fund with public offering - equity, established in 2004. This Fund is intended for investors who wish to invest their assets for a longer period of time, participating at the same time in the capital market in the Republic of Croatia and in developing capital markets especially in the markets of the countries in the region but also other world markets depending on the assessment of the profitability of such investment.

General information about the Fund

Awards

TOP of the FUNDS* forthe best equity fund in 2015, (awarded on 16 April 2016).
*given by the Association of the Companies for Managing Investment Funds at the Croatian Chamber of Commerce

Profile of a typical investor

For each of the mentioned years of the Fund's business, the returns are shown for the periods from 31 December of the previous to 31 December of the year of the return shown.
The methodology used for calculating the return is following: for calculating annual returns the basis of the difference in price of one share in the Fund on 31 December of the previous year and the price of the share in the Fund on 31 December of the year of the return shown is used. The average annual return produced since the establishing of the Fund has been calculated by the method of geometric mean. The operating results of the Fund CAPITAL BREEDER realized in the previous periods are not indicative and do not have an influence on the future operating results of the Fund.
Possible risks of investing into the Fund CAPITAL BREEDER are: price risk of financial instruments, exchange rate risk, interest rate risk, credit risk, settlement risk and the risk of non-compliance by other Contracting Party, tax risk, liquidity risk, concentration risk, country risk.

Data on deposit bank

Raiffeisenbank Austria joint stock company, Petrinjska 59, 10000 Zagreb, PERSONAL IDENTIFICATION NUMBER (OIB): 53056966535.

By an investment strategy the following aims of the Fund are achieved – return according to the type and risks of investment defined in the strategy described below. By complying with the restrictions in the permanent exposure of the equity markets in the ratio not less than 70% of the net assets of the Funds, the Fund will invest its assets into following instruments:

1. holder securities which are traded in stock markets, without limits for the net assets of the Fund, whereby the total share of such securities in the net assets of the Fund, regarding the seat of the issuer, must not exceed the following limits:
   • without limit into holder securities of the issuer with the seat in the Republic of Croatia, other EU-member states and OECD member countries
   • up to 30% of the net assets of the Fund into the holder securities of the issuer with the seat in the Republic of Serbia and the Republic of Kosovo
   • up to 20% of the net assets of the Fund, into the holder securities of the issuer with the seat in Bosnia and Herzegovina
   • up to 20% of the net assets of the Fund at the most into the holder securities of the issuer with the seat in the CIS countries
   • up to 10% of the net assets of the Fund into the holder securities of the issuer with the seat in Macedonia
   • up to 5% of the net assets of the Fund at the most into the holder securities of the issuer with the seat in Montenegro
2. long-term debt securities which are traded in the stock markets up to 30% of the net assets of the Fund, whereby the total share of such securities in the assets of the Fund, regarding the seat of the issuer, must not exceed the following limits:
   • up to 30% of the net assets of the Fund into long-term debt securities of the issuer with the seat in the Republic of Croatia, other EU-member states and OECD member countries.
   • up to 10% of the net assets of the Fund into long-term debt securities of the issuer with the seat in the Republic of Serbia and the Republic of Kosovo, Bosnia and Herzegovina, Montenegro, Macedonia and the CIS countries.
3. instruments of the money market which are traded in the regulated markets up to 30% of the net assets of the Fund, whereby the total share of such securities in the assets of the Fund, regarding the seat of the issuer, must not exceed the following limits:
   • up to 30% of the net assets of the Fund into the instruments of the money market of the issuer with the seat in the Republic of Croatia, other EU-member states and OECD member countries.
   • up to 10% of the net assets of the Fund at the most into the instruments of the money market of the issuer with the seat in the Republic of Serbia and the Republic of Kosovo, Bosnia and Herzegovina, Montenegro, Macedonia and the CIS countries.
4. rights to acquire the stocks, up to 30% of the net assets of the Fund;
5. shares of UCITS funds or stocks of investment funds which were given permission for work in the Republic of Croatia, other EU-member states, shares of open-end investment funds with public offering or stocks of investment funds which were given permission for work in a third state up to 10% of the net assets of the Fund under condition:
   • that such investment funds were given permission for work by the Agency, i.e. authorized body of a member state or authorized body of the third state which had secured a cooperation with the Agency and which are subject to the surveillance for which the Agency considers it is harmonized with the one prescribed by law.
   • that the level of protection for shareholders of such investment funds is identical to the one prescribed for the UCITS funds shareholders and specifically that the regulations for division of assets, giving lawns and selling of transferrable securities and instruments of the money market without coverage are harmonized with the requests prescribed by law
   • that for the business-doing of such investment funds half-year and revised annual financial statements are made in order to enable the assessment of assets and obligations, profit and business-doing during the reporting period,
   • that in the prospect of the investment fund in the shares or stocks of which it is being invested it is envisaged for total 10% of the assets of the investment fund at the most to be invested into the shares or stocks of other investment funds
   • that the management fee is charged not higher than 3.5 %
6. optional, businesses within a term and other financial derivatives exclusively for the purpose of securing liabilities and asset protection;
7. deposits with credit institutions which are reversible upon request and which are due in 12 months at the most under condition that the credit institution has a registered seat in the Republic of Croatia or other EU-member state or if a credit institution has a registered seat in a third state under condition that it is subject to the surveillance for which the Agency considers it is harmonized with the one prescribed by the law of the European Union;
8. unregistered securities up to 10% of the net assets of the Fund under following conditions:
   • unregistered securities which have not been officially registered for selling in a securities market or are not being sold in some other regulated market can be acquired only up to 10% of the net assets of the Fund.
   • unregistered securities - recently issued transferable securities - registering of recently issued transferable securities in the official stock exchange quote or in some other regulated market which regularly does business must be performed within one year since the issuing. Otherwise, the securities will be considered unregistered.
   • The condition for registering from the previous clause b) does not refer to treasury bills and financial papers issued by the Republic of Croatia and the Croatian National Bank, some other EU-member state, OECD country and non-member state of the EU and their central banks.