DV BALANCE
FINANCIAL BALANCE AND FINANCIAL CONFIDENCE!

DV Balance is a mutual fund that aims to ensure an increase in the value of investments in real terms at a moderate level of risk that is why the Fund follows a balanced investment policy. DV Balance is intended for investors looking to grow their investments by combining a stable income from investments in fixed income securities and realizing capital gains from investments in public companies' shares.
DV Balance issues two classes of units: units of Class A (Harmony) and units of Class B (Treasure). The investment in units of Class A (Harmony) is suitable for both individual and legal entity investors, incl. institutional investors. The investment in units of Class B (Treasure) is intended for children under 18 y.o. and at the request of the investor, the investment can be continued after the age of 18.

All DV Balance units give the same rights to its investors, except for the differences in the issue and in the redemption price in accordance to Section III of the Rules of the DV Balance, published on this website.

Units' Prices of DV Balance
Class A (Harmony) Class B (Treasure)
Issue price
BGN 8.8907
BGN 8.7853
Redemption price
BGN 8.7502
BGN 8.78531
BGN 8.69742
BGN 8.43393
Net Asset Value per unit
BGN 8.7853
Net Asset Value
BGN 706317.81

The expenses for the issuance and redemption per unit of DV Balance – Class A are 1.2% and 0.4% of the net asset value per one unit and they are included in the prices quoted above.

There are no issue costs for the units of DV Balance – Class B. The redemption costs per one unit of DV Balance – Class B depend on the period of the investment and are:
¹ 0% provided that the child has completed 18-years of age and the investment is for a period over 5 years;
² 1% provided that the child has completed 18-years of age and the investment is for a period of 5 years;
³ 4% provided that the child is below 18-years old.


Prices are calculated on a NAV per unit for 18.10.2018

Yield of DV Balance
Yield from beginning of the year*
-4.35%
Yield since inception**
-1.01%
Yield for the last 12 months**
-7.82%

*   for the period 
* * on an annual basis

Units' Prices of DV Balance - Class A for transferring
Issue price (if transferring from DV Eurobond)
BGN 8.8775
Issue price (if transferring from DV Dynamic)
BGN 8.8029

The expenses for the issuance per unit of DV Balance-Class A (Harmony) are 1,05% (if transferring from DV Eurobond) and 0,20% (if transferring from DV Dynamic) of the net asset value per unit and they are included in the prices quoted above.

There is no provision for the transfer of DV Mutual funds’ units to the units of DV Balance – Class B.

There is no provision for the transfer of units of the DV Balance - Class B to the units of DV Balance - Class A and vice versa.

Main characteristics of DV Balance

Investment policy balanced
Investment purposes the investment value in real terms with moderate risk levels
Risk profile moderate
Investment portfolio debt securities and bonds
Assessment of units and assets every business day
Active management of the portfolio

Portfolio Structure of DV Balance as of 28.09.2018

Investment limitations of DV Balance

Government securities Up to 60%
Corporate bonds Up to 60%
Mortgage bonds Up to 50%
Municipal bonds Up to 50%
Stocks Up to 40%
Bank deposit Up to 50%
Mutual Funds Up to 80%
Оther collective investment undertakings Up to 30%

Depository bank and investment intermediary

The depository bank executes the following functions: 

  • stores the funds, available bonds, as well as certifying documents for dematerialized bonds and other financial instruments of the mutual fund
  • conducts cashless payments at the expense of the mutual fund
  • disposes with the assets of the mutual fund entrusted to it, only by order of authorized persons, except in the cases where such orders violate the law, the rules of the mutual fund or the contract for depository services
  • controls the calculations made by the managing company of the net value of the assets, issue price and the redemption price of units from the fund.

United Bulgarian Bank JSC is the depository bank of  DV Balance.

Investment intermediary

The investment intermediary intermediates during purchase and sale of securities and other financial instruments for the mutual fund. DV Invest EAD is an investment intermediary of DV Balance.

 

Investors’notice

The value of units of DV Asset Management mutual funds and the income from them can go down. Profit is not guaranteed and investors may not recover the full amount invested. Investments in units of DV Asset Management mutual funds are not guaranteed by a guarantee fund established by the State or any other warranty. Previous performance of mutual funds do not necessarily guide to future results.