NOVA Money Market

Performance of Investment shares - Sub-fund 4

The fund is managed by REDSIDE Fund Management, which was pursuant to Act 240/2013 Coll., on Investment Companies and Investment Funds granted the licence by the Czech National Bank to perform management and administration of investment funds. REDSIDE focus consists in providing professional management of qualified investors’ funds, including establishment of separate fund structures and their subsequent management and administration. The size of Assets Under Management (AUM) exceeded 200 million EUR in May 2016.

The Fund is governed pursuant to Act No. 240/2013 Coll., on Investment Companies and Investment Funds and Act No. 256/2004 Coll., on Business Activities on the Capital Market. The compliance with the legislation and particular statutes is supervised by the Czech National Bank.

All investments are overseen by the Fund’s Investment Committee. In addition, the Fund is regulated by the Czech National Bank and the investments are under constant supervision of the financing banks.

Supervision: Czech National Bank (CNB)
Fund manager provides monthly report to the CNB on fund’s asset structure including accounts.

Manager: REDSIDE Fund Management
Was granted a licence by the CNB to perform management and administration of investment funds.

Depository: Česká spořitelna, a.s
Monitors, performs and reports money transaction in compliance with the law and fund’s statute.

Auditor: PricewaterhouseCoopers Audit, s.r.o.
Conducts an audit of financial statements and fund’s annual report once a year.

Asset Valuation Officer: from CNB list
Revaluation of the fund is carried out by an Asset Valuation Officer from CNB list independent of the investment company at least once a year.

More information on security through legislation/government guarantees

1. Supervision: The Fund is supervised by the Czech National Bank. The Fund is managed by REDSIDE company, which provides CNB (Czech National Bank) with monthly reports on fund’s asset structure including accounts. In addition, it sends on regular basis quarterly reports to European Securities and Market Authority, which involves, above all, setting of internal control mechanisms and risk management.

2. Professional management of the Fund: the Fund is managed by REDSIDE, Fund Management, which has been granted the licence by the Czech National Bank to perform management and administration of investments funds pursuant to Act No. 240/2013 Coll., on Investment Companies and Investment Funds.

3. Depository: The Fund’s manager is unable to carry out any transactions with Fund’s financial means. The property of the Fund is in custody of a depository – a bank with a special licence. Not even the depository is allowed to freely use the Fund’s means (lend, pledge etc.). This property is kept on a special account that does not follow standard performance of bank’s operation. The depository also monitors whether the Fund is managed with professional and in compliance with the law and the Statute of the Fund. The main role of the depository consists in checking whether the unit certificates are issued properly and redeemed (bought back) pursuant to the law and Fund’s Statute, whether the value of the unit certificate is calculated in compliance with the law and statute, the way Fund’s asset valuation is carried out and whether the assets have been acquired in compliance with the law, including checks on incoming and outgoing payments. The depository of the Fund is Česká spořitelna, a.s

4. Separation of Fund’s assets from investment company assets (China Wall): The assets of the company are separated from the investment company assets. Provided the investment company would go bankrupt, the assets remains unaffected and are transferred under the management of another company.

5. Audit: Once a year, an audit of the Fund is carried out by PriceWaterhouseCoopers, which audits financial statements as well as the annual report of the Fund.

6. Asset revaluation: Pursuant to the effective legislation, Act No. 240/2013 Coll., on Investment Companies and Investment Funds and the Statute of the Fund, the Fund is obliged to revalue its assets. The revaluation takes place at least once a year independent of the investment company and is carried out by a valuation officer from CNB approved list.

7. Investment limits: The Fund has to adhere to the limits laid down by the law and Fund’s Statute. That is to prevent the risk of loss as a result of investing great volumes of financial means into one asset. The Fund is obliged to follow the legally binding investment limit per asset value of the Fund up to maximum 35 % of total fund capital. Fund manager: The Fund manager REDSIDE, Fund Management cooperates with the investment group Arca Capital in the area of portfolio management.

8. Fund Manager: REDSIDE Investment Company