aTAdel Fund s.r.o.
QUALIFIED INVESTORS FUND
Key information for investors
The subject of this document is important information about the fund intended for the investor.
This information is not advertising material.
The provision of this information is mandatory in accordance with the current legislation and is aimed at informing the investor about the fund’s concept, its strategy, goals and objectives, the fund’s policy and the risks of investing in the fund. We recommend that you read the contents of this document so that you can make an informed decision about your investments.
- GENERAL INFORMATION
Product Name-Financial Factoring Fund
Fund Asset Management Company-ATAdel Fund s. r. o.Registration address: Na hutich 581/1, 1600, PRAHA 6, VINOHRADY, Czechia.
Registration number in the Commercial Register( IČO): 09242741.
The company is registered in the Register of the Court of the City of Prague, section B, tab 332671 .
The decision of the Czech People’s Bank (CNB) on the inclusion of ATAdel Fund s.r.o. in the CNB list and confirmation of the right to carry out asset management activities, in accordance with § 596 of the ZISIF letter and in accordance with § 15 of paragraph 1 of the ZISIF.
The registration number of the decision in the CNB: 2020/133984/CNB dated November 02, 2020.
The activity is not controlled by CNB.
- INVESTMENT STRATEGY AND GOALS
The Financial Factoring Fund provides an opportunity for investors to place their funds in the working capital of Factoring Services in the EU and the USA.
The purpose of the investment is to provide working capital for financial factoring- a complex of financial services for manufacturers and suppliers conducting trading activities on deferred payment terms. As part of the stated strategy, the fund makes short-term investments under financing agreements for the assignment of a monetary claim (factoring).
Investments in the fund are designed to ensure the profitability of its medium-and long-term projects and therefore are not suitable for short-term speculation.
The investment goals are reflected in the recommended investment horizon, as well as the fund’s fees and income. Each investor of the fund can independently decide which investment projects are best suited for his investment portfolio, depending on the expected level of profitability and risk.
The expected annual return of the product is 15.0%, and the amount invested in the product is protected from loss of investment value by the fact that the Management Company finances only customers of large retailers and international corporations, such as APPLE, Amazon, Google Store, Kaufland, Tesco, BILLA and others, under the concession of monetary requirements.
The assets of the investors of the Management Company are strictly separated from their own activities and the assets of the Management Company.
Investors ‘ funds are credited to separate accounts from which targeted financing of projects is carried out, which provides additional transparency in the use of investments.
- THE FUND’S REGULATOR
Management company ATAdel Fund s.r.o. It is registered with the Czech National Bank (CNB) in accordance with § 15 of Law No. 240/2013 of the Collection of Laws on Investment Companies and Investment Funds (ZISIF). The management company is obliged to fulfill its reporting obligations in accordance with paragraph 1 of Article 110 of the Delegated Regulation of the European Commission 231/2013 supplementing Directive 2011/61 / EC of the European Parliament and of the Council.
- TO WHOM THIS PRODUCT IS INTENDED
This product can only be purchased by a qualified investor in accordance with Section 272 (1) of the ZISIF. The product is suitable for investors who intend to replenish their portfolio with alternative types of investments, whose performance and risk profile are not directly related to the securities market. The product is not suitable for investors who require rapid monetization of their investments, if necessary, before the expiration of the planned investment horizon of the fund.
Investor’s investment horizon: 1 year
The product is intended for investors who:
- understand the existence of the probability of events that do not depend on the management company, in which the loss of the creditworthiness of the fund may occur,
- they are aware of and accept the possibility of changes in the markets that may lead to a decrease in the value and liquidity of the investment portfolio,
- understand the limited liquidity of their investment,
- have the knowledge and experience of investing in the financial market and the real estate market.
- SUMMARY RISK INDICATOR (SRI)
The risk indicator assumes that the product has been owned for a minimum of years. The actual risk may differ significantly if you request a premature return of the product. Thus, with an early refund of funds, you can receive an amount of money less than the amount invested in the fund.
The need for an early exit from the fund may be associated with additional costs on the part of the investor.
Description of the summary risk indicator SRI
The summary risk indicator is a guideline for the level of risk of this product compared to other products. It shows how likely it is that the cost of the product will decrease as a result of changes in the markets and, as a consequence, a decrease in the creditworthiness of the fund.
We have placed this product in Class 3 out of 7, the fifth highest risk class. This product is included in the corresponding risk class due to unchanged capitalization and liquidity indicators in the long-term historical period.
In addition, low-risk factors, in our opinion, are:
the management company does not finance the assignment of the right of claim only to large and well-established retailers on the market ;
– the management of Financial Factoring Fund funds is allocated to a separate segment of activity and it is not affected by other projects of the fund.
This indicator evaluates the potential loss of future investments as a low probability and a low probability that there will be a decrease in the solvency of the fund under the influence of unfavorable market conditions.
The liquidity of this product may be affected by changes in market conditions, which the Management Company will not be able to influence.
6. YIELD SCENARIOS
The scenarios of future profitability are designed to be able to compare them with the scenarios of other products. Future profitability scenarios are based on past data. This fund was founded in 2021. According to the current legislation, we are not allowed to show yield data for funds with an incomplete calendar year.
7. WHAT WILL HAPPEN IN THE EVENT OF INSOLVENCY OR LIQUIDATION OF THE MANAGEMENT COMPANY
The assets of investors transferred to management are not the property of ATAdel Fund s. r. o.and are separated from the property of ATAdel Fund s.r. o. All assets of investors are in investments or in separate accounts of ATAdel Fund s.r. o. In the event of insolvency or liquidation of the management company ATAdel Fund s.r. o., all assets of the fund will be divided among individual investors according to their share of the total assets invested in the fund.
8. WHAT ARE THE COSTS ASSOCIATED WITH THE INVESTMENT?
Total investment expenses include: one-time, current and additional expenses.
Summary expenditure indicator (RIY)
The Income Reduction (RIY) shows how the total amount of expenses that you will pay will affect the return on investment that you can receive. The expenses listed here represent the total amount of expenses for the product in three different periods of product ownership. They include possible payments in the event of an early return on investment.
The calculations are given taking into account that you are investing 1,000,000 CZK. These figures are approximate and may change in the future.
9. MINIMUM INVESTMENT PERIOD AND MINIMUM INVESTMENT AMOUNT
Minimum investment period: 1 year.
The minimum investment amount is 1 000 000 CZK
Since the strategy of this fund is aimed at investing in Factoring financing, this involves the participation of funds in the financial turnover of trading enterprises and is associated with the contractual terms of payment of claims. The management company recommends that investors keep the investment until it ends. The established minimum investment period is calculated taking into account the peculiarities of the turnover of funds in the factoring market.
10. CONDITIONS FOR EARLY REFUND OF FUNDS
If an early termination of the investment agreement is necessary, the investor has the opportunity to return the investment through the ATAdel Fund trading platform in the investor’s personal account, putting his share of the investment for public sale.
11. THE PROCEDURE FOR EARLY RETURN OF INVESTMENTS AND THE POSSIBILITY OF EARLY RETURN OF INVESTMENTS
An early refund of funds to the investor is made after the purchase of his share by another ATAdel Fund investor. The funds are credited to the investor to his current account specified in the investment agreement when signing it, or to any other account belonging to the investor specified in the application for termination of the investment agreement. The funds are returned to the investor minus the investment management costs incurred by the investment company during the validity of the investment agreement.
Interest income accrued and paid to the investor is not subject to return to the fund, interest income accrued but not paid to the investor is not subject to payment to the investor, but is paid to the buyer of his share.
The investor can submit an application for termination of the investment agreement in writing:
● in person, at the ATAdel Fund s.r.o. office at:
Registration address: Na hutich 581/1, 1600, PRAHA 6, VINOHRADY, Czechia.
on working days from 9 to 16 hours.
● by mail, with a personal original signature, to the address of ATAdel Fund s. r.o.:
Na hutich 581/1, 1600, PRAHA 6, VINOHRADY, Czechia.
● by e-mail to info@atadelfund.com
12. HOW DO I FILE A COMPLAINT?
A complaint concerning the product, the Management Company of the creator of the product or the employees of the company offering this product can be submitted in writing:
● in person, at the office of ATAdel Fund s. r. o.:
Na hutich 581/1, 1600, PRAHA 6, VINOHRADY, Czechia, on working days from 9 to 16 hours.
● by mail, with a personal signature, to the company address: ATAdel Fund s. r. o.:
Na hutich 581/1, 1600, PRAHA 6, VINOHRADY, Czechia.
● by e-mail to info@atadelfund.com
13. ADDITIONAL INFORMATION
To purchase this product, it is necessary to conclude an appropriate investment agreement regulating this product. This document and the information provided therein should in no way be considered as an offer to buy or sell the relevant product, nor can it be considered as individual advice provided by an asset manager or consultant.
ATAdel Fund s.r.o.
CONTACT US
CONTACTS
Registration address: Karlovo náměstí 317/5, Nové Město, 120 00 Praha 2, Czech Republic.
Registration number in the Commercial Register( IČO): 09242741.
The company is registered in the register of the Court of the City of Prague, section B, tab 332671.
Phone: +420 733 780 745
Email: info@atadelfund.com
The registration number of the decision in the CNB : 2020/133984/CNB dated November 02, 2020.
The decision of the Czech People’s Bank (CNB) on the inclusion of ATAdel Fund s.r.o. in the CNB list and confirmation of the right to carry out asset management activities, in accordance with § 596 of the ZISIF letter and in accordance with § 15 of paragraph 1 of the ZISIF.