Luminor 16-48

Registration date: 29.06.2023

Custodian bank: Luminor Bank AS

Category of the investment fund plan: Active 100

Risk category illustrates the historical volatility of investment plan unit’s value; the higher the category, the higher the historical volatility of the unit’s value Risk level: High

The total expense ratio (TER) reflects the total annual actual costs of running an investment plan to its average net asset value; the actual expenses covered by TER are: remuneration to asset manager, remuneration to asset holder and other expenses not associated with the management of the investment plan TER: 0,49%

Prospectus:  

Investment policy:

The objective of the investment plan is to ensure its value growth in the long run, by investing up to 100% of the assets of the investment plan in capital securities (equities), alternative investment funds and investment funds, which are allowed to invest in capital securities or financial instruments of comparable risk. The investment plan follows a long-term strategy, which allows for significant short-term fluctuations in the value of the investment plan. The investment plan may be recommended to participants aged up to 48 years, or those who are ready to accept significant volatility of the value of the investment plan. The performance of the plan is not guaranteed.

Management costs:

Fixed management fee: 0.50%
Perfomance fee: from 0% to 0.60%

Manager:

Arturs Andronovs

Fund manager:

Luminor Asset Management IPAS

Description of the fund manager:

Luminor Asset Management IPAS is managing various 2nd pillar and 3rd pillar pension funds. Luminor Asset Management IPAS sole shareholder is Luminor Bank AS.

Registration number: 40003699053

Date at which the fund manager received a license to manage pension funds: 17.12.2004

Paid up capital: EUR 5 000 000

Certified auditor: PricewaterhouseCoopers SIA

Contacts

Address: Skanstes iela 12, Rīga, LV-1013 Phone: +371 6717 1880 E-mail: ipas@luminor.lv Website: www.luminor.lv

Contact person: Atis Krūmiņš