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This Fund aims to preserve the initial value of assets, and increase the value of assets by a minimum of 12.81% (average annual yield of 2.60%) in the period between the establishment of the Fund and its maturity date of 30 May 2028, mainly by investing in the sovereign bonds of Italy, Romania, Hungary and Bulgaria, and to a smaller portion also of other EU member states. The Fund will not invest in the stock market or convertible bonds.
The Fund is primarily designed for investors who want to protect the nominal value of their investment after Fund maturity in four years and ten months, and is not designed for investors who plan to redeem their purchased units prior to Fund maturity.
The initial offer of units in the Fund will take place from 26 June 2023 to 25 July 2023. Investing in the Fund will no longer be possible after this period.
Example of investment:
Investment during the initial offer of units: EUR 10,000
Calculated entry fee (1%): EUR 100
Target value at Fund maturity: EUR 11,281
Features:
The Fund has a protected principal and target annual yield of 2.6% (total yield of 12.81%) in a period of four years and ten months.
Conditions:
Minimum payment in the Fund in the period of initial offer of units is EUR 1000. The Fund does not accept standing orders as means of investment. Investment in the Fund will not be possible after the initial offer of units.
Prices:
Entry fee: 1% during the initial offer of units
Exit fee: 3%
Depositary fee: 0.1%, minimum of EUR 400 a month
The management fee and depositary fee are included in the unit price. The entry fee is billed upon unit issuance in the period of initial offer of units. The exit fee is billed upon unit redemption. No exit fee is charged after the maturity of the Fund.
Arrangement
The Fund invests assets solely in interest-bearing instruments: financial products generating an interest income that is known in advance. This allows the Fund to protect the targeted amount until a specific future date, which is in this case after the maturity of the Fund on 30 May 2028. Please note that the value of the principal may temporarily descend below the initial value (due to market oscillations) in the period of activity of the Fund, and that the protection of the invested principal only applies at Fund maturity.
Of course. A parent may invest in funds on behalf of his/her minor child by arranging ZABA Link free of charge in the name of the person being represented.
Units in ZB Invest funds are available for purchase at any branch of Zagrebačka banka or via online banking (e-zaba and m-zaba) using the free-of-charge ZABA Link service. ZABA Link may be arranged at any branch of Zagrebačka banka. Further information about this service is available at the ZABA Link website.
Activation
ZABA Link is a free service with which the Bank enables its clients, natural persons and businesses, to effect quicker, simpler and safer ZB Invest transactions. After arranging this service, clients may effect transactions simply and quickly through online banking (e-zaba, m-zaba), or check their balance and unit transactions. There are also many other benefits. Arrange the ZABA Link service in the nearest Bank branch and manage your investments even faster and easier.
Use
You can withdraw your funds at any time, but redeeming your unit before Fund maturity is not recommended, because a 5% exit fee is charged. No exit fee is charged at Fund maturity.
The target yield of 12.81% at Fund maturity applies to the invested amount. In other words, an invested amount of EUR 10,000 will be worth a minimum of EUR 11,281 at Fund maturity and fulfilment of the investment target.
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