Redemption of investment units

Fund members – holders of investment units, can submit a redemption request (investment units repurchase form) for all or part of the owned investment units.

Requests may also be submitted by persons who are authorized to redeem investment units in the name and on behalf of fund members.

The fund members choose one of the following options in the redemption request (investment units repurchase form):

• The number of investment units for which redemption is requested is stated;
• The desired amount for payment after deduction of fees is stated;
• The redemption of all investment units owned by the member is required.

The redemption request (investment units repurchase form) is submitted at the head office of the Management Company on working days from 9 a.m. to 4 p.m.

The Management Company is obliged to perform redemption of investment units by transferring funds to the fund member’s account within 7 working days from the date of submission of the redemption request.

The investment unit redemption price consists of the net value of the fund’s assets per investment unit on the date of request submission, minus redemption fee if the Management Company charges it in accordance with the Prospectus.

The Management Company is obliged to inform the fund member about the available number of investment units it owns, that is, the funds in the fund member’s account. Upon submission of the duly completed release form, the Management Company will make a redemption.

The Management Company will not act upon the redemption request if the fund member states in the release form the amount to be paid after fee deduction or the number of investment units for redemption exceeding the amount they own in the fund.

When a fund member disposes of all owned investment units of the Fund, they lose the member status.