To the clients who bought units before the changes, the old rules will be applied. If the client bought units both before and after the changes, the old rules will be applied to the amount invested before the changes while the new rules will be applied to the amount invested after the changes.
The redemption fee in PBZ Global fond
is charged for investments shorter than one year. In case of existence of several payments made at different times, in order to calculate the redemption fee, the number of the days of investment of each particular unit is considered. For example, if you paid HRK 1,000.00 on 2 January, and additional HRK 500.00 on 2 July and you submitted a request for sale of all units on 5 January of the following year, the redemption fee will be charged only for the value of the units bought in July. The same logics apply to the PBZ Equity fond
and the PBZ I-Stock fond
Management fee is calculated daily, as prescribed by the Act. For example, if the assets of the fund amount to HRK 1,000,000.00 and the annual management fee is 2%, then the daily portion of the management fee is (2%/365 * 1,000,000.00) = HRK 54.79. The same logics apply to the custody bank fee. Both fees are debited to the fund assets.
No. The management fee is calculated daily and its value is deducted on the occasion of calculation and subsequent issue of the unit price.
Notices are free of charge.