Source: http://docplayer.net/24129779-The-net-asset-value-nav-is-owned-by-the-fund-shareholders-jointly-each-fund-unit-entitles-the-holder-to-an-equal-share-in-the-assets-of-the-fund.html
Timestamp: 2018-12-17 19:42:13
Document Index: 666809843

Matched Legal Cases: ['Art 1', 'Art 2', 'Art 2', 'Art 3', 'Art 4', 'Art 5', 'Art 6', 'Art 7', 'Art 8', 'Art 9', 'Art 10', 'Art 11', 'Art 12', 'Art 13', 'Art 14', 'Art 15', 'Art 16', 'Art 17']

The net asset value (NAV) is owned by the fund shareholders jointly. Each fund unit entitles the holder to an equal share in the assets of the fund. - PDF
Download "The net asset value (NAV) is owned by the fund shareholders jointly. Each fund unit entitles the holder to an equal share in the assets of the fund."
1 PROSPECTUS ENTER TREND RÄNTEFOND Art 1 The investment fund s legal status The investment fund s name is Enter Trend Räntefond ( the fund ). The fund is a UCITS fund, as defined by the Swedish Investment Funds Act (2004:46). The net asset value (NAV) is owned by the fund shareholders jointly. Each fund unit entitles the holder to an equal share in the assets of the fund. The fund is not a legal entity and cannot acquire rights or assume obligations. The assets of the fund cannot be distrained and fund shareholders are not responsible for any obligations regarding the fund. The fund manager (see Art 2) represents the shareholders in all matters pertaining to the fund. The fund is intended for the general public. The fund has the following share classes: Class A share no dividend Class B share dividend The information in this prospectus applies to both classes of shares unless otherwise stated below. Art 2 Fund manager The fund is managed by Enter Fonder AB, with Swedish company registration number: (referred to as the fund manager ). Art 3 Depositary and its duties The depository, Skandinaviska Enskilda Banken (Publ.), Corp. reg. No , retains the assets of the fund. The depository executes decisions made by the fund manager. The duties of the depository include, but are not limited: to accept and retain the assets included in the fund to exercise certain control over the fund manager to ensure compliance with proper procedure for the sale and redemption of units to ensure correct valuation of fund units to ensure that fund assets are handled according to law and the fund prospectus The depository shall act independently of the fund manager and exclusively in the common interest of the shareholders. Art 4 The nature of the investment fund The fund is a fixed income fund with investments in short- and long-term fixed income securities and money market instruments issued in Swedish kronor. The focus of investment is to achieve maximum growth of the fund s assets, taking into account the fund s investment objectives and risk diversification as stated in this document. The management of the fund is also focused on achieving long-term capital growth, which is aimed at exceeding the return of the fund s benchmark index, defined as 50 per cent of
2 HMTS TM (Handelsbanken Sweden All Government Bill Index) och 50 procent av HMSA and 50 per cent of HMSA TM (Handelsbanken Sweden Government Bond Index). Art 5 The investment fund s investment objectives The fund may invest the fund assets in transferable fixed income securities, money market instruments, derivative instruments and units in collective investment undertakings and deposits at credit institutions. The fund shall invest in transferable fixed income securities with good liquidity and high credit rating. No less than 90 per cent of the assets of the fund may be invested in transferable securities admitted for trading on a regulated market in Sweden. The fund may also invest in transferable securities intended to be admitted for trading on a regulated Swedish market within a year of issuing. The fund shall not invest in other funds, or UCITS, to an amount greater than 10 per cent of the NAV of the fund. No more than 10 per cent of the assets of the fund may be invested in transferable securities admitted for trading on a regulated market or the equivalent outside of Sweden but within EU and EFTA. The fund may also invest in transferable securities intended to be admitted for future trading on such market within a year of issuing. The average duration for the portfolio shall be between zero and ten years. The fund may invest in derivative instruments under the condition that the underlying assets consist of, or are related to, the following: - transferable securities and money market instruments, - financial indices, - interest rates, - foreign exchange rates, or - foreign currencies Art 6 The regulated markets The fund s assets may be invested in a regulated market or equivalent outside the EEA, as stated in Article 5. Art 7 Specific investment objectives The fund s assets may not be invested in such transferable securities as mentioned in Chapter 5, Section 5, of The Swedish Investment Funds Act (2004:46). The fund s assets may not be invested in money market instruments as mentioned in Chapter 5, Section 5, of the Swedish Investment Funds Act (2004:46). The fund may not invest in OTC-derivates. The fund may invest in derivative instruments as part of the investment objective. The fund has permission by the Swedish Financial Supervisory Authority in accordance with Chapter 5, Section 8, of The Swedish Investment Funds Act (2004:46).
3 The fund's assets may be invested in bonds and other bills of exchange issued or guaranteed by a state, a municipality or a government or municipal authority in a country within the EEA or any intergovernmental body in which one or more countries within the EEA are members. The debt obligations must come from at least six different issues and each of them may not exceed 30 per cent of the NAV of the fund. Art 8 Valuation The NAV, calculated on a daily basis, is the assets of the fund less its liabilities. All amounts are quoted in Swedish kronor. Assets and liabilities quoted in foreign currency are to be converted to Swedish kronor in accordance with the current exchange rate. Assets 1. Financial instruments are valued at market price. The market price shall be defined as either the latest quoted selling price at the time of valuation or, if the price is not quoted at the time of valuation, the market price shall be the latest buying price 2. Liquid assets, including deposits in bank accounts and accrued interest. 3. Other receivables. Liabilities 1. Liabilities including taxes. 2. Accrued management fees: Fund manager s fees Depositary s fees Regulator authority s fees Since the fund has two classes shares, a distributing and non-distributing, the fund management company has to take this into account in current pricing. The NAV per share in a particular class of share shall be calculated by dividing the class share value with the number of the outstanding shares of the relevant class of shares. The fund manager calculates the NAV per unit every business day and publishes it no later than the following business day. Information on current fund share rate shall be published in daily newspapers and on the fund's website. Art 9 Sales and redemption of fund units The fund is open for trade every business day. Sale and redemption of fund units take place at the fund manager, at a price that is unknown to the shareholder at the time the shareholder s submission of request for subscription or redemption. The NAV of the fund unit, when sold (shareholder s purchase) or redeemed (shareholder s sale) by the fund manager, is the calculated NAV of the unit, as quoted by the fund manager, for the business day of the transaction. Requests for subscription or redemption may only be revoked with the permission of the fund manager. Requests for subscription or redemption must be received by the fund manager no later than 15:30 on ordinary business days, and no later than 11:00 on a business day before public holiday, in order for the transaction to be made at the price set on the day of the request. In addition, payment for subscription of fund units must be recorded on the fund s bank account before 15:30 on ordinary business days and no later than 11:00 on a business day before a public holiday.
4 If a request for subscription or redemption reaches the fund manager later than 15:30 on ordinary business days or later than 11:00 on a business day before public holiday, the applicable NAV per unit shall be the NAV per unit set on the following business day. Information about the most recent calculated NAV per unit fund shall be published in daily newspapers and upon request be provided by the fund manager. Sales and redemptions are carried out by registering, or deregistering, the units in the fund s shareholders register. Registration as shareholders is conditional for obtaining any rights as a shareholder. In the necessity to sell fund assets in order to execute redemptions, such sales should be carried out promptly. If such a sale would significantly disfavour the interests of other unit holders, the fund manager may, in full or partially, delay the redemption, after due notification to The Swedish Financial Supervisory Authority. Redemption shall be executed as soon as possible after completion of such sales. The minimum amount for the shareholder s initial subscription is SEK Art 10 Extraordinary circumstances The fund may be closed for subscription and redemption under such extraordinary circumstances that would make it impossible to calculate the NAV of the fund's assets in a manner guaranteeing the equal treatment of the shareholders. Art 11 Fees and remuneration The fund pays fees: A. To the fund manager for its management and administration of the fund. The fee, which is calculated on a daily basis, is fixed and withdrawn from the fund at the expiration of each month. The fee per day corresponds to an annual percentage of 0,65 per cent of NAV of the fund. B. For other expenses such as depositary fees, fees to the regulatory authority for supervision and fees to auditor. The withdrawal shall be done currently during the year and may not exceed 0.10 per cent of the NAV of the fund. The fees may not be greater than 0,75 per cent per year on the NAV of the fund. Transaction fees are charged to the fund. Fund units are quoted with four decimals and the NAV per unit with two decimals. Amounts are rounded. Art 12 Dividends Class share A No dividend No dividend will be distributed in class share A. Class share B Dividend Dividend will be distributed in class share B. The Board of Directors of the fund company decides about the dividends for each financial year for shareholders in class share B. The calculation shall be based on the yield of the fund from the previous fiscal year. The Board of Directors may fix the dividend to a higher or lower percentage if it is in the interest of the shareholders. Objectives relating to the size of dividends are declared in the Information brochure.
5 Dividends are distributed to shareholders in class share B registered as such on date set by the fund manager. Payment shall be made in April, the year following the expiry of the financial year. The fund manager reinvests the dividend amount, after withholding of tax if applicable, on behalf of the shareholders. If the shareholders so requests in advance (at least ten business days prior to the day of distribution), the fund manager may instead deposit the dividend, amount after withdrawal of tax if applicable, to an account belonging to the unit holders. Art 13 The investment fund s financial year The fund's financial year is the calendar year. Art 14 Half-yearly and annual reports, amendments to fund rules The half- yearly and annual reports for the fund shall be made available by the fund manager and depository within two months and four months, respectively, from the end of the reporting period. The half-yearly and annual reports will be sent to the unit holders, unless otherwise requested. After approval of amendments, by The Swedish Financial Supervisory Authority, the amended fund rules shall be made available at the fund manager and at the depository. Furthermore, they shall be made public in a manner stipulated by The Swedish Financial Supervisory Authority. Art 15 Pledging and assignment Pledging of fund units shall be reported in writing to the fund manager. The notification shall state who is the shareholders, the name of the pledgee, which units are being pledged and any restrictions in the scope of the pledge. The fund manager shall notify the shareholders in writing that the pledge has been registered in the shareholders register. The pledgee shall notify the fund manager in writing when the pledge has expired. Art 16 Limitation of liability Neither the fund manager nor the depository shall be liable for any loss resulting from Swedish or foreign legislation, measures taken by Swedish or foreign government authorities, acts of war, strikes, blockades, boycotts, lockouts or other similar circumstances. The reservation in respect of strikes, blockades, boycotts and lockouts shall apply notwithstanding that the fund manager or the depository is itself the subject of, or adopts, such measures. In no event shall the fund manager or depository be liable for loss or damage, provided that due care has been exercised. The fund manager and the depository are in no event liable for indirect damages. If an extraordinary event, as mentioned above, prevents the fund manager or the depository from taking proper action, the action may be delayed as long as the event prevails. For all other circumstances, the fund manager s and the depository s liabilities are regulated according to Chapter 2, Section 21 of the Swedish Investment Funds Act (2004:46). Art 17 Other necessary and reasonable information The fund prospectus is supplemented by an information sheet and a simplified prospectus. Information about the fund and the fund manager is available on the company website. Printed copies can be obtained free of charge from the company. The information is provided in Swedish.
6 This is a translation of the Swedish version of the fund prospectus. In case of any inconsistency between the English and Swedish version, the Swedish version shall prevail.
This is an English translation of the Swedish original. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail. Information brochure Spiltan
EXTRACT PROSPECTUS UCITS FOR QUALIFIED INVESTORS IN SWITZERLAND. Tundra Pakistan Fund Tundra Frontier Opportunities Fund
EXTRACT PROSPECTUS UCITS FOR QUALIFIED INVESTORS IN SWITZERLAND Tundra Pakistan Fund Tundra Frontier Opportunities Fund 9 February 2015 Informationsbroschyr In accordance with Chapter 4, Section 15 of
INFORMATION BROCHURE NORDNET SUPERFONDEN DANMARK (SID 1 AV 3) NORDNET SUPERFONDEN DANMARK ISIN: SE0005993078
NORDNET SUPERFONDEN DANMARK (SID 1 AV 3) Information brochure for Nordnet Superfonden Danmark, an equity index fund registered in Sweden. The information brochure for this fund has been prepared pursuant
The National Securities Commission C.N.V.M.
The National Securities Commission C.N.V.M. REGULATION no. 15/2004 on the authorisation and functioning of investment management firms, collective investment undertakings and depositories In force as of