1. Transaction Costs

• Purchase/Redemption Costs

2. Annual Operating Costs

• Remuneration for Management Company;
• Other Predictable Operating Costs (for Central Depository, Investment Intermediary, Bank).

3. Additional Service Fees

• Share Transfer;
• Share Acceptance;
• Mailing; 
• Other.

Transaction Costs

Investors wishing to buy shares of Municipal Bank Balanced MF shall pay 0% (zero percent) over the net asset value per share as costs of purchasing shares.
Holders of shares in Municipal Bank Balanced MF shall pay 0.5% (zero point five percent) over the net asset value per share as costs of subsequent redemption.

Annual Operating Costs 

(*) Other Operating Costs include major predictable operating costs such as the remuneration of the Depository Bank, as a percentage of the average annual net asset value of the Fund, remuneration and fees for investment intermediaries, banks, the Stock Exchange and the Central Depository, and the like, associated with investing the assets of the Mutual Fund, the remuneration of the auditors for certifying the annual financial statements of the Mutual Fund, the advertising and marketing costs of the Fund, for contacting investors, for paying current supervision, membership and other fees due to the Commission, the Stock Exchange, the Central Depository and other state bodies and institutions related to the activities of the Fund, other expenses referred to in the Rules of the Fund, court and other expenses associated with protection of the interests of holders of shares in the Mutual Fund and any other extraordinary expenses related to the Fund’s activities.

Since these costs are fixed or have a fixed component, a conservative assumption was made that the average annual net asset value of the Mutual Fund for the first year would be BGN 1,000,000.

Additional Service Fees