- 4 Heroja Milana Tepića Street, Belgrade
- 011 7493404
- office@vistarica.rs
Balance on day 17. 11. 2025.
The value of the investment unit
The value of the investment unit
The value of the fund's assets
The value of the fund's assets
Our mission is to provide investors with reliable and responsible asset management through carefully
structured diversification strategies and a long-term investment approach.
We place particular emphasis on developing specialized investment solutions that include exposure
to precious metals and other forms of real assets.
Vista Rica Origin is an open-ended alternative investment fund subject to public offering.
The Securities Exchange Commission issued the Decision granting authorization to organize Vista Rica Origin, number 2/5-151-2249/3-25 dated November 14th, 2025.
The investment objective of Vista Rica Origin Fund is to achieve a positive long-term return through responsible and professional management, with a predominant exposure to both international and domestic markets. The Fund primarily invests in instruments directly linked to commodities and precious metals, as well as other exchange-traded commodities, with the aim of generating positive returns.
The assets of the Vista Rica Origin Fund will be predominantly invested indirectly - through ETC and ETF instruments - into exchange-traded commodities such as gold, silver, other precious metals and instruments traded on global commodity exchanges.The target portfolio will also include investment funds that allocate capital to these categories of commodities.
Investors in the Fund may include both institutional and retail investors who seek to achieve a positive return through modern forms of alternative investment funds, in line with an investment concept focused on medium and long-term capital allocation.
The currency of Vista Rica Origin is euro (EUR). Fund members can exercise payments to Vista Rica Invest in dinars and euros. Redemption payments to investors will also be made in either dinars or euros.
The minimum amount of individual investment in Vista Rica Origin is EUR 100.00 during the public offering period, while no minimum investment amount applies after the public offering has ended.
Alternative investments provide diversification beyond traditional stocks and bonds, thus spreading risk across different asset classes.
Alternative funds are managed by experienced professionals specialized in specific sectors, ensuring expert and efficient investment management.
High liquidity in alternative investment funds allows investors to quickly sell their units, reducing risk and increasing flexibility in portfolio management.
Alternative investments provide access to asset classes beyond traditional financial markets. In the area of precious metals and commodities, this approach enables investors to participate in gold, silver, and other metals and commodities markets which represent stable real assets and long-term protection of capital value.
Certain alternative investments offer tax benefits, such as tax credits for particular investments or favorable tax treatment of capital gains and personal tax credits.
Portfolio manager of Vista Rica Origin fund is Aleksandar Ivanovic, holder of license number 5/0-27- 1571/2-08, issued by the Securities Exchange Commission of the Republic of Serbia on March 26th, 2008.
Aleksandar holds a degree in economics and a Master’s degree in economic sciences, with nearly two decades of experience in financial markets, portfolio management, and investment advisory.
He began his professional career in the banking and brokerage sector, where he gained extensive experience in securities trading, fundamental analysis, and portfolio management. Throughout his career, he held senior positions at Intercapital Securities and NLB Bank, where he was responsible for the development of investment products, strategic risk management, and advising on investment projects
In addition to his work in the financial sector, Aleksandar has been actively involved in education and professional development. As a teaching assistant at the Faculty of Engineering Management in Novi Sad, he lectured on subjects including banking operations, stock exchange business, and financial markets.
His expertise includes portfolio management, strategic market analysis, as well as the implementation of domestic and international financial regulations, making him a highly regarded professional in the field of investment management.
Vista Rica Management Company has provided benefits to its investment clients of Vista Rica Origin with highly stimulating investment costs.
Management fee, which is calculated relative to the net asset value of the fund, amounts to 2.3% annually.
Fund depositary fee is up to 0.10% annually and may be lower depending on the fund’s assets.
The management and depositary fees are calculated on a daily basis, and charged on a monthly basis from the fund’s assets. These fees are an implicit cost, as they are already included in the investment unit value.
The redemption fee is charged at the following rates:
Entrance fee is 0%.
We kindly recommend that you thoroughly familiarize yourself with the investment objectives, fees and costs of Vista Rica Origin before deciding to invest.
Personal tax credit for investment in an alternative investment fund
Taxpayers who invest in an alternative investment fund in the current calendar year are given a personal tax credit for that year.
According to the Personal Income Tax Law (Article 89a), a taxpayer who invests in an alternative investment fund for the purpose of acquiring investment units is entitled to a personal tax credit of up to 50% of the investment made in the calendar year for which the tax is determined. The calculated tax credit cannot exceed 50% of the determined tax liability.
To maximize tax benefits, taxpayers must invest in the current calendar year for the current year liability that will be determined in the following year. In other words, the minimum amount the client needs to invest in the fund should correspond to their tax liability.
The right to a tax credit can only be exercised on the basis of fully paid cash contributions acquiring investment units of an alternative investment fund.
If the taxpayer sells or transfers shares, units, or fund units in the calendar year in which the investment was made, or within the following three calendar years, they lose the previously granted tax credit for that investment.
The taxpayer is required to notify the competent tax authority within 30 days of losing the right to the tax credit and pay the obligation corresponding to the previously recognized tax credit, along with the applicable interest calculated from the due date of the annual personal income tax for the year in which the right to the tax credit was lost.
An example of a tax benefit based on an investment in an alternative investment fund:
A client with an annual personal income tax obligation of EUR 10,000, upon investing in an alternative investment fund in the amount of their tax obligation, educes the obligation up to 50%. In our example by EUR 5,000.
Taxation of ownership and transfer of ownership of fund investment units, i.e. capital gains, as the difference between the acquisition price and redemption price of investment units, is defined by the following tax regulations of the Republic of Serbia:
In order to determine and pay capital gains tax, the fund member is obliged to, after purchasing the investment units, file a tax return to the tax authority in their territory of residence (head office for businesses).
Calculation period 12/31/2023 – 12/31/2024
Fund yield 11.65%
Calculation period 6/30/2024 – 6/30/2025
Fund yield 6.61%
Calculation period 12/31/2023 – 12/31/2024
Fund yield 11.50%
Calculation period 6/30/2024 – 6/30/2025
Fund yield 6.72%
Calculation period 12/20/2023 – 12/31/2024
Fund yield 11.27%
Calculation period 12/20/2023 – 6/30/2025
Fund yield 8.24%
Calculation period 12/20/2023 – 12/31/2024
Fund yield 11.13%
Calculation period 12/20/2023 – 6/30/2025
Fund yield 8.24%
Past returns are not a guarantee of future results. Future returns may be higher or lower than past returns.
Investments in the UCITS fund are not insured with the Deposit Insurance Agency or any other agency. Although the UCITS fund seeks to increase the value of assets, by investing in the fund it is possible to lose the investment due to risks described in the Prospectus.
Each investor’s return on an investment depends on returns of the UCITS fund and actual fees that the investor pays when buying or redeeming investment units.
Expected investment period
Vista Rica Origin open-ended alternative investment fund subject to public offering is designed for clients seeking positive medium to long-term returns while accepting a higher level of investment risk.
Investment units Vista Rica Origin are sold under the Vista Rica management company at the head office of the management company Vista Rica ad Beograd, 4 Heroja Milana Tepića St.
The depositary of Vista Rica Origin is:
OTP banka Srbija ad Novi Sad, Trg slobode 5, 21 000 Novi Sad. Securities Exchange Commission Decision on depositary activities: no. 2/6-102- 3375/3-21, dated January 5th, 2022.
Investment units of the Vista Rica Origin fund can only be purchased in cash, in EUR and RSD, while redemption is done in EUR and RSD.
Payment of funds in RSD can be made to the account opened at OTP banka Srbija ad Novi Sad: 325-9500700229024-77.
Payment of funds in EUR can be made to the account opened at OTP banka Srbija ad Novi Sad: 325-9601700106214-81, IBAN: RS35325960170010621481.
Please do not hesitate to contact us with any questions or concerns.
