Luminor Indekss+ plāns 16-48

Registration date: 03.06.2021

Registration number: 40003699053

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

Prospectus:  

Investment policy:

The objective of the investment plan is to ensure long term growth of the plan’s value by allocating up to 100% of its assets to global equity markets through investment funds that track equity market indices. The plan is managed passively — regardless of market conditions, the equity allocation remains close to 100%. This investment strategy may generate higher long term returns compared to strategies with a lower proportion of equities. However, in the short term, significant fluctuations in the plan’s unit value are possible. Due to its high risk profile, the investment plan is recommended for participants up to 48 years of age or for those who are willing to tolerate substantial volatility in the plan’s value. The plan’s assets are invested in equity index funds whose indices represent 25% of global equity markets, selecting within each sector the top 25% of companies with higher Environmental, Social, and Governance (ESG) ratings. The plan’s returns are not guaranteed.

Management costs:

Fund manager and custodian bank fixed management fee: 0.32% per year
Fund manager performance fee: not applicable
Third-party transaction fees and other payments: up to 0.02% per year

Manager:

Arturs Andronovs

Fund manager:

Luminor Asset Management IPAS

Description of the fund manager:

Luminor Asset Management IPAS is managing 2nd pillar and 3rd pillar pension funds. Luminor Asset Management IPAS sole shareholder is Luminor Bank AS (Estonia), that is represented in Latvia by Luminor Bank AS Latvian branch.

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