Fees & Expenses Information

1. Transaction expenses

Investors do not owe any fees for purchase or redemption of the Fund units. Fund units are purchased and redeemed on Net Asset Value per Unit (NAVU).

Any additional costs, such as the issue of depositary receipts and the receiving of documents by mail will be paid separately according to the to the DSK Bank’s Tariff.

2. Operating expenses – these are regular and recurring fund-wide operating expenses, which are paid out of the fund assets and are, therefore, indirectly incurred by the investors. The annual fund operating expenses for 2019 are:

* The presented data are based on the expenses data from the last financial year, ended on 31 December 2019. They may vary for different years.
** According to the Fund's Rules the annual remuneration of the Management Company is amounting to 1.5(one point five) percent of the average annual net asset value of the Fund.
*** "Other operating expenses" includes other operating expenses at the Fund's expense such as the Depository remuneration; remunerations and fees of investment intermediaries, banks, regulated markets, the Central Depository and the like, related to the investment of the Mutual Fund's assets.

Expenses such as remuneration to the auditors for the certification of the annual financial statements of the Fund, the Fund's advertising and marketing costs, the current charges for supervision, membership, etc. of the FSC, the Central Depository, and other state agencies and institutions, related to the Fund's activities, but not specifically listed in the Fund's Ruls as its own expenses, are at the expense of the Management Company.