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Description
TIP FOND
BT Property Alternative Investment Fund, authorized by the Financial Supervisory Authority by authorization no. 166 of 11.08.2021 and registered in the ASF Public Register under the number CSC09FIAIP / 120003, is an open-ended alternative investment fund for professional investors, classified as an alternative investment fund specialized in real estate investments.
The Fund issues fund units denominated in "Euro".
The BT Property Alternative Real Estate Investment Fund invests at least 75% of its assets in real estate assets or shares not admitted to trading on a trading venue of real estate companies, i.e. shares of real estate companies whose financial statements are audited at least annually and which revalue their assets at least annually, as well as each time there are transactions with assets in its investment portfolio.
The Fund may invest a maximum of 25 of its assets in financial instruments that provide liquidity.
ACTIVE
Real estate assets
Shares not admitted to trading on a trading venue of real estate companies.
Shares of real estate companies.
The Fund may not invest more than 50% of the value of its assets in a single real estate asset or in shares not admitted to trading on a regulated market or in an alternative trading system of a single real estate company/shares of a single real estate company. Properties which have an interconnected economic purpose are considered as a single real estate asset;
The value of bank deposits made with the same credit institution may not represent more than 20% of the Fund's assets;
The value of current accounts and cash held in lei and foreign currency must not exceed 10% of its assets.
RECOMMENDED PERIOD
Minimum 5 years
Portfolio structure
Date 2023-12-07
Real Estate Investments
88.4%
Bank deposits
11.31%
Available at sight
0.29%
Commissions
Buying commission
0%
Redemption fee
4% for holding periods between 1 - 1460 days inclusive
0% for holding periods longer than 1460 days
0% for holding periods longer than 1460 days
Current fund management fee*
0.15% / month of average net assets under management
Fund units can be purchased:
- during the initial issue which will take place from 16.08.2021 to 15.09.2021;
- after the initial issue, quarterly in the first 10 working days of each quarter.
Fund units can be redeemed quarterly, within the first 10 business days of each quarter as follows:
- after a period less than or equal to 730 days from the date of subscription, investors will be able to redeem a maximum of 10% of the fund units held;
- after the 730-day period, investors may request redemption of any number of fund units held.
Fund management fee* 0.15% / month of average net assets under management.
*This fee is taken into account when calculating the value of the fund unit.
Evolution chart
Evolution of the value of the fund unit
Performance
Date
2023-12-07
Unit value of net assets*
10717.11 EUR
Last 30 days
0.027%
Dated 31.12.2022
7.062%
Last 365 days
7.217%
Year 2022
0.686%
Net asset value (EUR):
22,381,341.39
Number of investors:
2
Number of units in circulation:
2,088.37
* The unit fund value for the current day is published in the second half of the following working day.
This is an advertising communication. Data is from BT Asset Management SAI.
Past performance of the fund is not a guarantee of future performance. Read the fund documents before investing! The documents are available in Romanian on the website www.btassetmanagement.ro and can be obtained free of charge from the BT Asset Management SAI S.A. office
. A summary of investors' rights is available in Romanian on the website www.btassetmanagement.ro and at the BT Asset Management SAI office.