Monthly Report for December 2022Download the newsletter
- Market risk with the following components:
Interest risk related to a decrease of the value of the investment due to a change of the interest rates levels;
Currency risk related to a decrease of the value of the investment, denominated in a currency which is different from BGN and EUR;
Price risk related to a decrease of the value of the investment in the case of unfavorable changes of the market’s prices;
- Operational risk :
From errors or flaws in the system of the organization;
- Liquidity risk :
In case of forced sales of assets under unfavorable market conditions;
- Credit risk :
Related to a decrease of the value of the position in the case of unexpected events with a credit nature which are related to the issuers of financial instruments, the counter side of exchange and OTC transactions, as well as countries, in which they operate;
- Concentration risk:
In case of incorrect diversification of exposures to groups of related clients, from the same economic branch, geographic area, etc.
- Position risk:
Which is related to the change of price of a certain instrument in result of factors related to the issuer or in case of a derivative instrument – related to the issuer of the base instrument;
Information on returns for past periods
This chart shows the fund's performance as a percentage of annual loss or gain over the last 10 years.
- Results are presented after deducting current fees. Initial charges and withdrawal charges are not included in the calculation.
- The fund was launched in April 2007.
- The yield of the Fund for previous years was calculated in BGN.
Past performance is not a reliable indicator of future performance. Future market dynamics may be very different from those observed.
These results can help you estimate how the fund has been managed in the past.
|NAV per unit
|Net Asset Value||5472393.42EUR|
|Quantity of the
(since inception) as of 31.03.2023
|Annual return since inception as of 31.03.2023||Return YTD as of 31.03.2023|
Main Documents2023-08-02 General Rules (BG) 2023-08-02 Prospectus BG 2023-05-16 Risk Assesment and Management Rules (BG)
Periodic Information2023-06-07 Monthly Report for May 2023 2023-02-10 Monthly report for January 2023 2023-01-10 Monthly Report for December 2022
BI-Monthly Summary Report to the FSC2022-09-01 ART.77 OF ORDINANCE NO.44 - 16.08.2022 -31.08.2022 2022-08-16 ART.77 OF ORDINANCE NO.44 - 01.08.2022 -15.08.2022 2022-08-01 ART.77 OF ORDINANCE NO.44 - 15.07.2022 -31.07.2022
Useful information (FAQ)
How can I purchase units of mutual fund of Compass Invest JSC?
Where can I place an order?
Do I have the right to cancel an order? And how?
A placed order for purchase or redemption of units of Mutual Fund Compass Global Trends and Mutual Fund Compass Euroselect can be cancelled by the investor prior to the cutoff time at 17.00hrs on the same day.
What are the ways for payment of purchased units?
Via bank transfer:
Compass Global Trends
acct. IBAN BG98UBBS80021049850640, BIC UBBSBGSF for transfers in Bulgarian lev;
acct. IBAN BG11UBBS80021449718410, BIC UBBSBGSF for transfers in EUR;
acct. IBAN BG19UBBS80021070626940, BIC UBBSBGSF for transfers in Bulgarian lev;
acct. IBAN BG08UBBS80021451679610, BIC UBBSBGSF for transfers in EUR;
acct. IBAN BG04UBBS80021016659320, BIC UBBSBGSF;
acct. IBAN BG15UBBS80021016662420, BIC UBBSBGSF;
acct. IBAN BG96UBBS80021046635320, BIC UBBSBGSF for transfers in Bulgarian lev,
acct. IBAN BG60UBBS80021419783910, BIC UBBSBGSF for transfers in EUR;
Plus, acct. IBAN BG59UBBS80021056431240, BIC UBBSBGSF;
Funds Select-21, acct. IBAN BG30UBBS80021070630040, BIC UBBSBGSF;
Details of payment: Purchase of units
How can I request a redemption of units?
What are the possible options of payment of redemption proceeds?
- Via bank transfer.
Will I receive a confirmation of transaction execution?
Are there any transaction charge/fees?
When purchasing units of the Funds expenses are not charged, except for:
Mutual Fund Compass Global Trends, Compas Euroselect, Mutual Fund Compass Funds Select-21 and Mutual Fund Plus where the fees are 1.5%, 1.5%, 1.0% and 0,2%.
At redemption, costs are charged as follows:
- Progress – 1.5% of the NAV per unit;
- Strategy – 1.0% of the NAV per unit;
- Eurostability – 0.5% of the NAV per unit;
- Plus – 0.2% of the NAV per unit;
- Compass Global Trends - no cost;
- Compass Euroselect - no cost;
Are there any additional fees?
Compass Global Trends and Compass Euroselect – The management fee is calculated as a percentage of the yield achieved (success fee) and the methodology for its calculation is described in detail in the Prospectus and the Fund's General Rules.
- Eurostability - 1.2%;
- Strategy - 2.4%;
- Progress - 2.0%,
- Plus - 1.2%;
- Compass Funds Select-21 - 0.5%;
- Compass Euroselect - 1.5%;
- Compass Global Trends - 1.5%;
Do I have to pay taxes?
Unitholders can earn income from their investments in the fund in the form of capital gain (a positive difference between the selling price of the units and the price at which they were purchased).
Which is the Mutual Fund Depositary Bank?
All Funds of Compass Invest JSC: Compass Global Trends, Compass Euroselect, Compass Funds Select-21, Progress, Strategy, Eurostability, Plus use a depositary bank United Bulgarian Bank (Part of KBC Group).
Which are the investment intermediaries (brokers)?
What is the frequency of calculating issue and redemption price of units?
Issue price and redemption price are calculated daily by the management company.
For Progress, Strategy, Eurostability, Plus and Compass Funds Select-21:
Issue price and redemption price are calculated by the management company twice a week – on Wednesdays and Fridays based on assets of the funds for the previous Tuesdays and Thursdays.
What are the required documents for signing a contract and placing an order?
official identity document of the investor/proxy/legal representative, a copy of it is certified, signed both by the applicant and the employee of the management company who verified the identity;
original of a notarized power of attorney or a notarized copy of the original, which contains representative power to carry out management or administrative actions with financial instruments (in case of a proxy);
an official document certifying the right of legal representation (birth certificate, guardian or guardian deed), of which a copy is certified, certified by the legal representative and the employee of the management company, verifying the identity (in ase of a legal representative);
For corporate entities
Official identity document of the legal representative / proxy, from which a copy is certified, certified by the applicant party on behalf of the legal entity and the employee of the management company who verified the identity;
Original POA or notarized copy of an official extract from the relevant register for current status, if the person is not registered in the Commercial Register with the Registry Agency;
A copy of the identification card of the BULSTAT register for those who are entered in the BULSTAT register and are not entered in the commercial register – non-commercial legal entities, commercial representations of foreign persons, non-personified companies under the APA, foreign legal entities, branches and other persons under art. 3 of the BULSTAT Register Act;
A copy of the relevant license, permit or certificate of registration from the people carrying out transactions and operations in connection with a particular activity subject to licensing, authorization or registration.
For non-residents – comparable documents certifying their registration, election of legal representative and address;
Original of a notarized power of attorney or a notarized copy thereof, which contains a representative authority for carrying out management or administrative actions with financial instruments, in case the legal representative is not present;
What is the deadline for executing the order?
For redemption orders – within 10 business days of the order submission;