PYN Elite seeks significant value increases through active portfolio management, focusing on individual companies and markets. PYN Elite seeks a clearly higher return than equity funds with diversified global portfolios.
FUND'S INVESTMENT POLICY AND RISK PROFILE
The Fund's scope is the whole world, but the Fund aims to concentrate its investments in maximum three countries at a time. The Fund invests in equities, warrants, forward exchange contracts, fixed income securities and money market instruments. The Fund's base currency is the euro. PYN Elite is a high-risk equity fund. In its investment decisions, the fund focuses on equities/markets with significant potential for increase, even if there is a waiting risk.
An assessment of the right time to enter a market will consider factors such as the following:
1) cheap market
2) concentrating on the exceptionally cheap companies and their stocks at the generally cheap market
3) The targetable returns are substantial.
Ownership of any one issuer's bonds and money market instruments may not exceed 20 % of the value of the Fund. There may be no more than two investments in any one issuer's bonds and money market instruments that exceed 10 % of the value of the Fund. The Fund's assets must, however, be invested in the bonds and money market instruments of at least eight different issuers.
The Fund may also invest its assets in fixed income securities and money market instruments, if a securities exchange meeting the criteria of the mutual fund's investment strategy cannot be found. The value of the Fund may fluctuate abruptly in the short term. When investing outside the euro zone, the investments also bear an exchange rate risk. The Fund may use foreign exchange forward contracts as a protective measure or as part of its investment operations.
INVESTOR TARGET GROUP
PYN Elite is suitable for demanding investors who know the financial markets. Persons investing in the fund must be seeking a high, risk-bearing return on their investment, within a 5 year horizon.
BASIC INFORMATION ON PYN ELITE FUND
|Fund Manager||Petri Deryng|
|Minimum subscription||10 000 eur|
|Management and custodial fee||1%|
*The subscription fee for all subscriptions of three million (3,000,000) euros or more shall be 5 %.
Share value and all the profit figures always include both management and return-related fees.
The high water mark principle is applied when calculating the performance fee.
Current HWM is 325,362 EUR (31st February 2018)