INFORMATION FOR INVESTORS
ISIN of the Sub-fund's Investment Shares
Class A CZ1005201689 (CZK)
Class B CZ1005201697 (EUR)
Class C CZ1005201705 (CZK)
Class D CZ1005201713 (EUR)
Class E CZ1005202380 (CZK)
Class F CZ1005202398 (EUR)
Minimum investment
Class IAA (CZK): over CZK 10 million
Class IAB (EUR): over EUR 400,000
Class IAC (CZK): CZK 1 million
Class IAD (EUR): CZK 1 million / equivalent in other currencies
Class IAE (CZK): CZK 1 million
Class IAF (EUR): CZK 1 million / equivalent in other currencies
Investment Horizon
Recommended investment horizon 5 years
Redemption at any time with a one-year payout period
Subscription Options
At any time during the year
Subscription Fee
Up to 3.5%
Redemption Fee
Within 1 year of the initial investment: 30%
(for Classes E/F – up to a redemption amount of 5% of the current investment value, the fee is 0%)
Within 1 to 2 years (redemption fee in the calendar year exceeds 10% of the current value
of investment shares): 20%
Between 2 and 3 years (redemption fee in the calendar year exceeds 10% of the current value
of investment shares): 10%
After 3 years from the initial investment: 0%
Form of Investment
Growth Investment Shares
Targeted Return by Type of Investment Shares:
Class IAA: entitled to 8% p.a. (CZK)
Class IAB: entitled to 8% p.a. (EUR)
Class IAC: entitled to 7% p.a. (CZK)
Class IAD: entitled to 7% p.a. (EUR)
Class IAE: entitled to 5% p.a. (CZK)
Class IAF: entitled to 5% p.a. (EUR)
Share in Profits
If the sub-fund's annual return exceeds the Target Return, see above, the return above this threshold is divided as follows:
Class IAA (CZK): entitled to 12% of the appreciation of the fund capital above 8% p.a.
Class IAB (EUR): entitled to 12% of the appreciation of the fund capital above 8% p.a.
Class IAC (CZK): entitled to 9% of the appreciation of the fund capital above 7% p.a.
Class IAD (EUR): entitled to 9% of the appreciation of the fund capital above 7% p.a.
Class IAE (CZK): entitled to 15% of the appreciation of the fund capital above 5% p.a.
Class IAF (EUR): entitled to 15% of the appreciation of the fund capital above 5% p.a.
Yield Payment
The yield consists of the growth in the value of the investment share. The total yield will be included in the redemption of the investment share at the current value of the investment share at the time of redemption.
Taxation of Returns
The investor taxes the return on the redemption of investment shares in accordance with the applicable legislation in the country where they are a tax resident.
Taxation of the Sub-fund
5% of income
(The subfund is subject to the tax regulations of the Czech Republic)
JASMINUM SICAV QUALIFIED INVESTORS FUND
Legal Form
A joint-stock company with variable capital that issues five types of investment shares: management and investment shares intended for external investors, established in accordance with Section 95(1)(a) of the Act on Investment Companies and Investment Funds.
Investment Strategy
The sub-fund specializes primarily in investments in the real estate market. It was established for the purpose of increasing the value of shareholders' funds through direct and indirect investments, in particular by providing secured loans and credits and participating in real estate companies. Through real estate companies, the sub-fund invests primarily in residential and, to a lesser extent, commercial real estate projects that are part of residential projects at various stages of development. It develops residential development projects, which it primarily sells after completion, while retaining some of the completed residential projects for further rental, purchases residential real estate in the initial phase of construction, and also invests in future projects for which at least a planning approval has already been signed with the municipality concerned.
Regional Specialization
Czech Republic, Slovak Republic, Austria
Frequency of NAV Determination
Monthly
Audit
Annual
Total Cost TER
2.23% (estimate for the first year)
Reporting
Monthly
Fund Manager
DELTA Investiční společnost, a.s.
Fund Administrator
DELTA Investiční společnost, a.s.
Fund Depositary
Československá obchodní banka, a. s