Investment strategy

The Fund's objective is to receive the target average annual return at the level of two bank deposit rates (in Hryvnya). In order to lower the risk the Fund will adhere to the dynamic insurance strategy upon achieving by the Fund the level of the designated target return.

To achieve the target, the Fund will use all available investment possibilities of the Ukrainian market - investment into shares, state, municipal and corporate bonds, bank metals, corporate rights, real estate.

The range of investment of the Fund’s assets is expected to widen together with appearance and development of corresponding technologies at the market. The Fund will be open to the new instruments such as good order securities (e.g. warehouse receipts) and derivatives*, the latter will be used primarily for hedging investment.

Depending on the market conditions the share of certain assets may vary within the range stipulated by existing Ukrainian legislation for non-diversified funds, but in any case no more than 15% of assets will be invested into one and the same position.

While choosing shares as investment targets for the Fund, the asset management company will primarily pay the highest attention to the most liquid securities. At the same time up to 30% of the Fund’s assets can be invested into the non-liquid shares with high growth potential which can be realized within several years.

Apart from passive management, the Fund’s investment policy stipulates the active management of the securities portfolio: on the basis of constant monitoring the transactions will be held, as the result of which the proceeds from sales of the securities with depleted potential will be reinvested into the more perspective objects.

The Fund’s lifetime is 7 years. The Fund’s 100% profit is expected to be distributed annually to the Fund’s participants in the form of dividends in case the Fund’s return exceeds the annual average weighted rate of the National bank of Ukraine.

The Fund suits best the investors with long-term horizon wishing to receive their income annually.

The Fund being the closed-end fund, the investment certificates will not be redeemed within the term of its activity. The settlements with the inventors will be done on termination of the Fund’s activity, i.e. its liquidation.

The asset management company highlights that investors solely carry the risk of the investment certificate value decline. Representations of any party about appreciation of investment certificates in the future should be considered as assumptions only. Value of investment certificates may go up or down. Historic performance of investment certificates does not determine future gains.

· On making the relevant changes into the legislature.