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Contacts:

Phone: +372 664 4205
Fax: +372 664 4201
E-mail: info@avaron.com


Address:
Narva Road 7D
Entrance B
10117 Tallinn, Estonia

Fund facts of Avaron Emerging Europe Fund

Fund Launch DateApril 23, 2007
Fund TypeUCITS, open-ended, public contractual investment fund
Fund DomicileEstonia
Share Class TypeAccumulating (fund does not pay dividends, dividends received are reinvested)
Asset ClassLong-only, listed equity
Investment RegionEmerging Europe ex-Russia (incl. EU new members and accession countries)
Benchmark IndexMSCI EFM Central and Eastern Europe & CIS (CEEC) ex Russia Index
Main Countries                Invested inHungary, Poland, Czechia, Estonia, Lithuania, Slovenia, Croatia, Romania, Bulgaria, Turkey, Greece 
NAV FrequencyDaily (Estonian banking day)
Base CurrencyEUR
Subscription Cut-off11 AM Estonian time (10 AM CET), settlement T+3
Redemption Cut-off11 AM Estonian time (10 AM CET), settlement T+3
Public MarketingGermany, Switzerland, France, Sweden, Finland, Latvia, Estonia
Tax TransparencyGermany
Fund Management CompanyAS Avaron Asset Management, registry code 11341336, registered address: Narva mnt 7D, 10117 Tallinn, Estonia. Contact: invest@avaron.com
Location of the FundNarva mnt 7D, 10117 Tallinn, Estonia
Fund ManagersKristel Kivinurm-Priisalm, Valdur Jaht, Peter Priisalm
Fund Administration        NAV Calculation           Depositary                     Transfer Agent Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: ta@swedbank.ee;  Fax: +372 613 1822 
Financial Supervision Financial Supervision Authority of Estonia, registered address: Sakala 4, 15030 Tallinn, Estonia. Website: www.fi.ee
External AuditorKPMG Baltics OÜ, registered address: Narva mnt 5, 10117 Tallinn, Estonia, register code 10096082
Internal AuditorAS PricewaterhouseCoopers Advisors, registry code 10325507, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia. Website: www.pwc.com
    
    
Unit Class
Retail (D Unit)
Institutional (C Unit)
Institutional (E Unit)
Min. Initial Investment-125,000 EUR1 MEUR
Subsequent Next---
Front-end Load2.00%--
Back-end Load---
Management Fee2.00%1.25%0.85%
Performance Fee              (Unit based)-10% over 12m Euribor15% over MSCI EFM CEEC ex-Russia Index
High Watermark-YesAnnual resetting
ISIN CodeEE3600108866EE3600102901EE3600108874
Bloomberg AVEMEUD ET EquityAVAEESC ET EquityAVEMEUE ET Equity
TelekursCH12407332CH10799792CH12414216
Lipper ID680837636806379768083764
    
Frequently Asked Questions
How can I buy the fund?
There are two ways to buy and sell the fund units.
1) You can open a registry account at the fund's transfer agent Swedbank, transfer the money and make a subscription.
  Holding fund units at Swedbank is free of charge. Read more from here.
2) You can send your order to Avaron and make a subscription through delivery versus payment transaction. In that case electronic fund units will be settled with T+3 at your bank's custody. Your bank needs to be able to safekeep Estonian securities. Read more from here.

Is it possible to subscribe in shares or amount?
It is possible to subscribe in shares but subscriptions in euro amount are preferred.

What is the number of decimals?
Fund units (shares) have 3 decimals, share price (NAV) has 4 decimals.

Do I need to make a prepayment for subscription?
No, the cash needs to be transferred to fund's account by settlement date.

The fund has A and B share classes as well but these are not listed above?
Only investors that owned the fund as of 30 May 2009 can buy the A and B share classes (these are not open for new investors).