Note to investors

The data contained in the Prospectus, together with the Statute of the each Fund, which determinates the legal relations of the Investment Fund Management Company General Invest AD Skopje with the owners of Funds, creates a legal entity containing all necessary information, on which potential investors can make a sensible decision to invest in the funds. Before making any investment decision, any prospective investor is obliged to read carefully the Prospectus and the Statute in order to know what kind of investment is involved and the risks associated with the investments.

Past returns are not a guarantee of future returns. Variations in the fund unit values largely depend on the situation in capital markets. As unit values may grow or fall, future returns can either be higher or lower than past returns. There is a likelihood that investors may not be repaid all assets they invest in a fund during the saving period. The computations exclude subscription fees, redemption fees and taxes, potentially paid by the investor, which would otherwise decrease the presented rate of return.

The fees charged by the investor to the Funds are: entry fee deducted from the amount paid at the time of the sale of the units and exit fee deducted from the net value of the fund units at the moment of redemption if the investment conditions are not met. The highest rate of entry and exit fee is 5%, and the lowest rate of entry and exit fee is 0%.

Voting rights on behalf of the investment funds can be exercised by the Company directly by attending the Assembly through an internal or external proxy. In doing so, it is decided based on an assessment of the potential benefits of the investment funds whether it will exercise the right to vote. The representatives of the Company directly attend the Assembly as a rule:

– if the investments of all investment funds in the capital of the issuer represent more than 1% of their total assets, or

– if the investment of an individual investment fund in the capital of the issuer represents more than 5% of its assets.

At Assemblies in the companies in Republic of North Macedonia, the Company usually exercises voting rights directly, and abroad through an external proxy. The company generally does not exercise the right to vote at the Assemblies of the issuers in which it has shares.

The employees of the Company do not participate in the management bodies of other commercial companies.

Investment in any of the Generali funds is not a banking service and is therefore not included in the guarantee scheme for deposits at banks and savings banks.