natgillin/translations-raw huggingface dataset:
The description contained in the ‘Objectives and investment policy’ section of the key investor information document shall cover those essential features of the UCITS about which an investor should be informed, even if these features do not form part of the description of objectives and investment policy in the prospectus, including:
Opis, vsebovan v oddelku dokumenta s ključnimi podatki za vlagatelje z naslovom „Cilji in naložbena politika“ vsebuje tiste temeljne lastnosti KNPVP, s katerimi mora biti vlagatelj seznanjen, tudi če niso del opisa ciljev in naložbene politike v prospektu, vključno s/z:
the main categories of eligible financial instruments that are the object of investment;
glavnimi kategorijami primernih finančnih instrumentov, ki so predmet naložbe:
the possibility that the investor may redeem units of UCITS on demand, qualifying that statement with an indication as to the frequency of dealing in units;
možnostjo, da se vlagatelju na zahtevo izplačajo enote premoženja KNPVP, pri čemer se navedena izjava nekoliko preoblikuje z navedbo o pogostosti trgovanja z enotami premoženja;
whether the UCITS has a particular target in relation to any industrial, geographic or other market sectors or specific classes of assets;
navedbo, ali je KNPVP posebej ciljno usmerjen v kakršen koli industrijski, geografski ali drug tržni sektor ali posebne razrede sredstev;
whether the UCITS allows for discretionary choices in regards to the particular investments that are to be made, and whether this approach includes or implies a reference to a benchmark and if so, which one;
navedbo, ali KNPVP omogoča diskrecijske izbire v zvezi z določenimi predvidenimi naložbami in ali ta pristop vključuje oziroma pomeni uporabo merila in, če da, katerega;
whether dividend income is distributed or reinvested.
navedbo, ali se prihodek iz dividend razdeli ali ponovno vloži.
For the purposes of point (d), where a reference to a benchmark is implied, the degree of freedom available in relation to this benchmark shall be indicated, and where the UCITS has an index-tracking objective, this shall be stated.
Za namen točke (d), kadar gre za uporabo merila, se navede dovoljena stopnja odstopanja v zvezi s tem merilom, kadar pa je cilj KNPVP spremljanje indeksa, se navede tudi ta podatek.
The description referred to in paragraph 1 shall include the following information, so long as it is relevant:
Opis iz odstavka 1 vključuje naslednje podatke toliko časa, dokler so pomembni:
where the UCITS invests in debt securities, an indication of whether they are issued by corporate bodies, governments or other entities, and, if applicable, any minimum rating requirements;
kadar KNPVP vlaga v dolžniške vrednostne papirje, se navede, ali so dolžniške vrednostne papirje izdale pravne osebe, vlade ali drugi subjekti, in če je primerno, vse minimalne zahteve glede bonitetne ocene;
where the UCITS is a structured fund, an explanation in simple terms of all elements necessary for a correct understanding of the pay-off and the factors that are expected to determine performance, including references, if necessary, to the details on the algorithm and its workings which appear in the prospectus;
kadar je KNPVP strukturirani sklad, se na preprost način razložijo vsi elementi, potrebni za pravilno razumevanje izplačila in dejavnikov, za katere se pričakuje, da bodo vplivali na rezultat, po potrebi vključno s sklicevanjem na podrobnosti o algoritmu in njegovem delovanju, ki je prikazano v prospektu;
where the choice of assets is guided by specific criteria, an explanation of those criteria, such as ‘growth’, ‘value’ or ‘high dividends’;
kadar izbiro sredstev usmerjajo posebna merila, kot so „rast“, „vrednost“ ali „visoke dividende“, je treba ta merila razložiti;
where specific asset management techniques are used, which may include hedging, arbitrage or leverage, an explanation in simple terms of the factors that are expected to determine the performance of the UCITS;
kadar so uporabljene posebne tehnike upravljanja premoženja, ki lahko vključujejo obvladovanje tveganj, arbitražo ali vzvod, se na preprost način razložijo dejavniki, za katere se pričakuje, da bodo vplivali na rezultat KNPVP;
where the impact of portfolio transaction costs on returns is likely to be material due to the strategy adopted by the UCITS, a statement that this is the case, making it also clear that portfolio transaction costs are paid from the assets of the fund in addition to the charges set out in Section 3 of this Chapter;
kadar obstaja verjetnost, da bodo stroški pri donosih v premoženjskih transakcijah veliki zaradi strategije, ki jo je sprejel KNPVP, se navede tudi ta podatek in razloži, da se bodo stroški premoženjskih transakcij plačali iz sredstev sklada skupaj s stroški iz oddelka 3 tega poglavja;
where a minimum recommended term for holding units in the UCITS is stated either in the prospectus or in any marketing documents, or where it is stated that a minimum holding period is an essential element of the investment strategy, a statement with the following wording:
kadar je najmanjša priporočena doba držanja enot premoženja v KNPVP navedena bodisi v prospektu ali katerem koli tržnem gradivu, ali kadar je navedeno, da je najkrajša doba držanja temeljni element naložbene strategije, se navede naslednja izjava:
‘Recommendation: this fund may not be appropriate for investors who plan to withdraw their money within [period of time]’.
„Priporočilo: ta sklad mogoče ne bo ustrezen za vlagatelje, ki nameravajo dvigniti svoj denar v [časovno obdobje]“.
Information included under paragraphs 1 and 2 shall distinguish between the broad categories of investments as specified under paragraphs 1(a), (c) and 2(a) and the approach to these investments to be adopted by a management company as specified under paragraphs 1(d) and 2 (b), (c) and (d).
Podatki iz odstavkov 1 in 2 ločujejo med splošnimi kategorijami naložb, ki so navedene v odstavkih 1(a), (c) in 2(a), ter pristopom k tem naložbam, ki ga mora sprejeti družba za upravljanje, kot je določeno v odstavkih 1(d) in 2(b), (c) in (d).
The ‘Objectives and investment policy’ section of the key investor information document may contain elements other than those listed in paragraph 2, including the description of the UCITS’ investment strategy, where these elements are necessary to adequately describe the objectives and investment policy of the UCITS.
Oddelek dokumenta s ključnimi podatki za vlagatelje z naslovom „Cilji in naložbena politika“ lahko vsebuje tudi druge elemente, kot so elementi iz odstavka 2, vključno z opisom naložbene strategije KNPVP, kadar so ti elementi potrebni za ustrezen opis ciljev in naložbene politike KNPVP.
Risk and reward profile
Tveganje in donos naložbe
Explanation of potential risks and rewards, including the use of an indicator
Razlaga možnih tveganj in donosov, vključno z uporabo kazalnika
The ‘Risk and reward profile’ section of the key investor information document shall contain a synthetic indicator, supplemented by:
Oddelek dokumenta s ključnimi podatki za vlagatelje z naslovom „Tveganje in donos naložbe“ vsebuje sintetični kazalnik, ki ga dopolnjuje:
a narrative explanation of the indicator and its main limitations;
opisna razlaga kazalnika in njegovih glavnih omejitev;
a narrative explanation of risks which are materially relevant to the UCITS and which are not adequately captured by the synthetic indicator.
opisna razlaga tveganj, ki so bistvenega pomena za KNPVP in ki jih sintetični kazalnik ne zajema na ustrezen način.
The synthetic indicator referred to in paragraph 1 shall take the form of a series of categories on a numerical scale with the UCITS assigned to one of the categories.
Sintetični kazalnik iz odstavka 1 se pojavlja v obliki niza kategorij na numerični lestvici, kjer je vsaki kategoriji pripisan en KNPVP.
The presentation of the synthetic indicator shall comply with the requirements laid down in Annex I.
Predstavitev sintetičnega kazalnika je skladna z zahtevami iz Priloge I.
The computation of the synthetic indicator referred to in paragraph 1, as well as any of its subsequent revisions, shall be adequately documented.
Izračun sintetičnega kazalnika iz odstavka 1, kakor tudi vse naknadne spremembe, se ustrezno dokumentirajo.
Management companies shall keep records of these computations for a period of not less than five years.
Družbe za upravljanje vodijo evidenco teh izračunov za obdobje najmanj petih let.
This period shall be extended to five years after maturity for the case of structured funds.
V primeru strukturiranih skladov se to obdobje po zapadlosti podaljša za pet let.
The narrative explanation referred to in paragraph 1(a) shall include the following information:
Opisna razlaga iz odstavka 1(a) vsebuje naslednje podatke:
a statement that historical data, such as is used in calculating the synthetic indicator, may not be a reliable indication of the future risk profile of the UCITS;
navedbo, da pretekli podatki, ki se uporabljajo pri izračunu sintetičnega kazalnika, niso nujno zanesljiv pokazatelj profila tveganj KNPVP v prihodnosti;
a statement that the risk and reward category shown is not guaranteed to remain unchanged and that the categorisation of the UCITS may shift over time;
navedbo, da ni zagotovljeno, da bo kategorija tveganj in donosa ostala nespremenjena, in da se kategorizacija KNPVP lahko sčasoma spremeni;
a statement that the lowest category does not mean a risk-free investment;
navedbo, da najnižja kategorija ne pomeni naložbe brez tveganja;
a brief explanation as to why the UCITS is in a specific category;
kratko razlago, zakaj se KNPVP nahaja v posebni kategoriji;
details of the nature, timing and extent of any capital guarantee or protection offered by the UCITS, including the potential effects of redeeming units outside of the guaranteed or protected period.
podrobnosti o naravi, času in obsegu vseh jamstev ali zaščite kapitala, ki jo nudi KNPVP, vključno z možnimi učinki izplačevanja enot premoženja zunaj obdobja jamstva in zaščite.
The narrative explanation referred to in paragraph 1(b) shall include the following categories of risks, where these are material:
Opisna razlaga iz odstavka 1(b) vsebuje naslednje kategorije tveganj, kadar so ta bistvena:
credit risk, where a significant level of investment is made in debt securities;
kreditno tveganje, kadar se visoka raven naložb opravi v dolžniške vrednostne papirje;
liquidity risk, where a significant level of investment is made in financial instruments, which are by their nature sufficiently liquid, yet which may under certain circumstances have a relatively low level of liquidity, so as to have an impact on the level of liquidity risk of the UCITS as a whole;
likvidnostno tveganje, kadar se visoka raven naložb opravi v finančne instrumente, ki so sami po sebi dovolj likvidni, vendar je v določenih okoliščinah njihova likvidnost razmeroma nizka, da bi lahko vplivali na likvidnostno tveganje KNPVP v celoti;
counterparty risk, where a fund is backed by a guarantee from a third party, or where its investment exposure is obtained to a material degree through one or more contracts with a counterparty;
tveganje nasprotne stranke, kadar se sklad opira na jamstvo tretje stranke ali kadar je v njegova naložbena izpostavljenost precej visoka zaradi ene ali več pogodb z nasprotno stranko;
operational risks and risks related to safekeeping of assets;
poslovna tveganja in tveganja, povezana s hrambo sredstev;
impact of financial techniques as referred to in Article 50(1)(g) of Directive 2009/65/EC such as derivative contracts on the UCITS’ risk profile where such techniques are used to obtain, increase or reduce exposure to underlying assets.
vpliv na finančne tehnike iz člena 50(1)(g) Direktive 2009/65/ES, kot so izvedeni finančni instrumenti o profilu tveganja KNPVP, kadar se takšne tehnike uporabljajo za ustvarjanje, povečanje ali zmanjšanje izpostavljenosti osnovnim sredstvom.
Principles governing the identification, explanation and presentation of risks
Načela, ki urejajo opredelitev, razlago in predstavitev tveganj
The identification and explanation of risks referred to in Article 8(1)(b) shall be consistent with the internal process for identifying, measuring and monitoring risk adopted by the UCITS’ management company as laid down in Directive 2010/43/EU.
Opredelitev in razlaga tveganj iz člena 8(1)(b) morata biti skladna z notranjim procesom opredeljevanja, merjenja in spremljanja tveganj, ki ga je sprejela družba za upravljanje KNPVP, kot je določeno v Direktivi 2010/43/EU.
Where a management company manages more than one UCITS, the risks shall be identified and explained in a consistent fashion.
Kadar družba za upravljanje upravlja več kot en KNPVP, se tveganje dosledno opredeli in razloži.
Presentation of charges
Predstavitev stroškov
The ‘Charges’ section of the key investor information document shall contain a presentation of charges in the form of a table as laid down in Annex II.
Oddelek dokumenta s ključnimi podatki za vlagatelje z naslovom „Stroški“ vsebuje predstavitev stroškov v obliki preglednice, kot je določeno v Prilogi II.
The table referred to in paragraph 1 shall be completed in accordance with the following requirements:
Preglednica iz odstavka 1 se dopolni v skladu z naslednjimi zahtevami:
entry and exit charges shall each be the maximum percentage which might be deducted from the investor’s capital commitment to the UCITS;
vstopni in izstopni stroški vsak zase predstavljajo najvišji odstotek, ki bi ga bilo mogoče odšteti od vlagateljeve kapitalske obveznosti v KNPVP;
a single figure shall be shown for charges taken from the UCITS over a year, to be known as the ‘ongoing charges,’ representing all annual charges and other payments taken from the assets of the UCITS over the defined period, and based on the figures for the preceding year;
ena sama številka prikazuje stroške, ki so v KNPVP nastali v enem letu, to pomeni za „stalne stroške“, ki predstavljajo vse letne stroške in druga plačila od sredstev KNPVP, ki so bila opravljena v določenem časovnem obdobju in ki temeljijo na podatkih za predhodno leto;
the table shall list and explain any charges taken from the UCITS under certain specific conditions, the basis on which the charge is calculated, and when the charge applies.
preglednica navaja in razlaga vse stroške, ki so v KNPVP nastali na podlagi posebnih pogojev, podlago, na kateri je bil strošek izračunan, in kdaj se začne strošek uveljavljati.
Explanation of charges and a statement about the importance of charges
Razlaga stroškov in izjava o pomenu stroškov
The ‘Charges’ section shall contain a narrative explanation of each of the charges specified in the table including the following information:
Oddelek „Stroški“ vsebuje opisno razlago vsakega izmed stroškov, opredeljenih v preglednici, vključno z naslednjimi podatki:
with regard to entry and exit charges:
v zvezi z vstopnimi in izstopnimi stroški:
it shall be made clear that the charges are always maximum figures, as in some cases the investor might pay less;
se pojasni, da so ti stroški vedno prikazani z najvišjimi številkami, saj v nekaterih primerih lahko vlagatelj plača manj;
a statement shall be included stating that the investor can find out the actual entry and exit charges from their financial adviser or distributor;
se navede, da lahko vlagatelj od finančnega svetovalca ali distributerja izve, kakšni so dejansko vstopni in izstopni stroški;
with regard to ‘ongoing charges’, there shall be a statement that the ongoing charges figure is based on the last year’s expenses, for the year ending [month/year], and that this figure may vary from year to year where this is the case.
v zvezi s „stalnimi stroški“ se navede, da številka stalnih stroškov temelji na porabi v zadnjem letu, v letu, ki se konča [mesec/leto], in da se ta številka lahko od leta do leta razlikuje.
The ‘Charges’ section shall contain a statement about the importance of charges which shall make clear that the charges an investor pays are used to pay the costs of running the UCITS, including the costs of marketing and distributing the UCITS, and that these charges reduce the potential growth of the investment.
Oddelek „Stroški“ vsebuje izjavo o pomenu stroškov, iz katere je razvidno, da se stroški, ki jih plača vlagatelj, uporabijo za plačilo stroškov vodenja KNPVP, vključno s stroški trženja in distribucije KNPVP, in da ti stroški zmanjšujejo potencialno rast naložbe.
All of the elements of the charging structure shall be presented as clearly as possible to allow investors to consider the combined impact of the charges.
Vsi elementi strukture zaračunavanja stroškov se predstavijo na najbolj jasen možen način, da bi vlagatelji lahko upoštevali skupen vpliv stroškov.
Where the impact of portfolio transaction costs on returns is likely to be material due to the strategy adopted by the UCITS, this shall be stated within the ‘Objectives and investment policy’ section, as indicated in Article 7(2)(e).
Kadar obstaja verjetnost, da bodo stroški premoženjskih transakcij visoki zaradi strategije, ki jo je sprejel KNPVP, se to navede v oddelku „Cilji in naložbena politika“, kot je določeno v členu 7(2)(e).
Performance fees shall be disclosed in accordance with Article 10(2)(c).
Stroški poslovanja se razkrijejo v skladu s členom 10(2)(c).
The amount of the performance fee charged during the UCITS’ last financial year shall be included as a percentage figure.
Višina stroškov poslovanja, ki se zaračuna v zadnjem finančnem letu KNPVP, se vključi v obliki odstotka.
Where a new UCITS cannot comply with the requirements contained in Article 10(2)(b) and Article 11(1)(b), the ongoing charges shall be estimated, based on the expected total of charges.
Kadar nov KNPVP ne more izpolniti zahtev iz členov 10(2)(b) in 11(1)(b), se na podlagi pričakovanih skupnih stroškov ocenijo stalni stroški.
Paragraph 1 shall not apply in the following cases:
Odstavek 1 se ne uporablja v naslednjih primerih:
for funds which charge a fixed all-inclusive fee, where instead that figure shall be displayed;
za sklade, ki zaračunavajo fiksen celoten strošek, kjer se prikaže ta podatek;
for funds which set a cap or maximum on the amount that can be charged, where instead that figure shall be disclosed so long as the management company gives a commitment to respect the published figure and to absorb any costs that would otherwise cause it to be exceeded.
za sklade, ki določijo zgornjo mejo ali najvišji znesek, ki se ga lahko zaračuna, kjer prikaže ta podatek, dokler se družba za upravljanje zavezuje, da bo upoštevala objavljeno številko in odpravila vse druge morebitne stroške, zaradi katerih bi ta strošek lahko bil presežen.
Cross-referencing
Sklicevanje
The ‘Charges’ section shall include, where relevant, a cross-reference to those parts of the UCITS prospectus where more detailed information on charges can be found, including information on performance fees and how they are calculated.
Kjer je to ustrezno, oddelek „Stroški“ vključuje sklicevanje na tiste dele prospekta KNPVP, kjer je mogoče najti podrobnejše podatke o stroških, vključno s podatki o stroških poslovanja in o tem, kako se jih izračuna.
Past performance
Pretekla uspešnost
Presentation of past performance
Predstavitev pretekle uspešnosti
The information about the past performance of the UCITS shall be presented in a bar chart covering the performance of the UCITS for the last 10 years.
Podatki o pretekli uspešnosti KNPVP se predstavijo v paličnem stolpčnem grafu, ki zajema rezultate KNPVP zadnjih 10 let.
The size of the bar chart referred to in the first subparagraph shall allow for legibility, but shall under no circumstances exceed half a page in the key investor information document.
Velikost paličnega stolpčnega grafa iz prvega pododstavka omogoča čitljivost, vendar ne sme nikoli presegati polovice strani v dokumentu s ključnimi podatki za vlagatelje.
UCITS with performance of less than 5 complete calendar years shall use a presentation covering the last 5 years only.
KNPVP z rezultati za manj kot 5 zaključenih koledarskih let uporabljajo predstavitev, ki zajema samo zadnjih 5 let.
For any years for which data is not available, the year shall be shown as blank with no annotation other than the date.
Vsako leto, za katerega podatki niso na voljo, se prikaže s praznim okvirjem, v pripisu pa se navede samo datum.
For a UCITS which does not yet have performance data for one complete calendar year, a statement shall be included explaining that there is insufficient data to provide a useful indication of past performance to investors.
Kadar KNPVP še nima podatkov o rezultatih za zaključeno koledarsko leto, se navede pojasnilo, da še ni dovolj podatkov, da bi se vlagateljem zagotovila uporabna predstavitev pretekle uspešnosti.
The bar chart layout shall be supplemented by statements which appear prominently and which:
Prikaz s stolpci se dopolni z jasnimi navedbami, ki:
warn about its limited value as a guide to future performance;
opozarjajo, da ti podatki ne pomenijo nujno prihodnjih rezultatov;
indicate briefly which charges and fees have been included or excluded from the calculation of past performance;
na kratko pojasnjujejo, kateri stroški in provizije so bili vključeni ali izključeni iz izračuna pretekle uspešnosti;
indicate the year in which the fund came into existence;
navajajo leto ustanovitve sklada;
indicate the currency in which past performance has been calculated.
navajajo valuto, v kateri je bila pretekla uspešnost izračunana.
The requirement laid down in point (b) shall not apply to UCITS which do not have entry or exit charges.
Zahteve iz točke (b) se ne uporabljajo za KNPVP, ki nimajo vstopnih in izstopnih stroškov.
A key investor information document shall not contain any record of past performance for any part of the current calendar year.
Dokument s ključnimi podatki za vlagatelje v nobenem izmed delov, ki se nanaša na sedanje koledarsko leto, ne vsebuje navedb o pretekli uspešnosti.
Past performance calculation methodology
Metodologija za izračun pretekle uspešnosti
The calculation of past performance figures shall be based on the net asset value of the UCITS, and they shall be calculated on the basis that any distributable income of the fund has been reinvested.
Številke, potrebne za izračun pretekle uspešnosti, izhajajo iz neto vrednosti sredstev KNPVP in se izračunajo na podlagi dejstva, da je bil vsak prihodek iz sklada, ki bi ga bilo mogoče razdeliti, ponovno vložen.
Impact and treatment of material changes
Vpliv in obravnava bistvenih sprememb
Where a material change occurs to a UCITS’ objectives and investment policy during the period displayed in the bar chart referred to in Article 15, the UCITS’ past performance prior to that material change shall continue to be shown.
Kadar pride v obdobju, ki je predstavljeno v paličnem stolpčnem grafu iz člena 15, do bistvene spremembe ciljev in naložbene politike KNPVP, je pretekla uspešnost KNPVP iz obdobja pred nastopom navedene bistvene spremembe še vedno prikazana.
The period prior to the material change referred to in paragraph 1 shall be indicated on the bar chart and labelled with a clear warning that the performance was achieved under circumstances that no longer apply.
Obdobje pred nastopom bistvene spremembe iz odstavka 1 se predstavi v paličnem stolpčnem grafu in označi z jasnim opozorilom, da je bil rezultat dosežen pod pogoji, ki se več ne uporabljajo.
Use of a benchmark alongside the past performance
Uporaba merila pri pretekli uspešnosti
Where the ‘Objectives and investment policy’ section of the key investor information document makes reference to a benchmark, a bar showing the performance of that benchmark shall be included in the chart alongside each bar showing the UCITS’ past performance.
Kadar je v oddelku dokumenta s ključnimi podatki za vlagatelje z naslovom „Cilji in naložbena politika“ navedeno merilo, se v prikaz poleg vsakega stolpca, ki prikazuje preteklo uspešnost KNPVP, vnese stolpec, ki prikazuje rezultat navedenega merila.
For UCITS which do not have past performance data over the required five or 10 years, the benchmark shall not be shown for years in which the UCITS did not exist.
Če KNPVP nima podatkov o pretekli uspešnosti za zahtevanih pet ali deset let, se merilo ne vnese za leta, ko KNPVP še ni obstajal.