Open-ended mutual investment fund of the money market Finam Depositary (Trust Management Rules were registered with the Russian Federal Securities Service under entry #0516-94119309 on May 16, 2006) is designed for short-term investments. Funds of this category are classified as funds with low risk exposure. Investors usually buy equity participations of money market funds in order to keep temporary free capital and generate additional income. Open-Ended Mutual Money Market Fund Finam Depositary Type: open-ended Formation period: from June 5, 2006 to September 4, 2006 or earlier when the fund's asset value reaches Rub 2,500,000 (two million five hundred thousand) Purpose: long-term investments in securities Minimum investment amount: Rub 1,000 ($35.71) Investment targets: sharers' cash is primarily invested in short-term instruments – deposits and bonds. The fund's assets may also be invested in securities of the government of the Russian Federation, governmental securities of Russian constituent entities, municipal bonds and fixed-income instruments of Russian business entities. Investor expenses: remuneration payable to the Management Company is not higher than 2% (two percent) of the fund's annual average net asset value. Remuneration paid to other participants of asset management activities does not exceed 1% (one percent) of the fund's annual average net asset value. The maximum amount of other expenses reimbursed at the expense of the assets which make up the fund is equal to 0.5% (incl. VAT) of the annual average net asset value. Markup in the event of acquisition of investment stakes is as follows: 1 (one) per cent (VAT included) of the estimated price of the investment stake in the event that the amount of cash paid for investment stakes is below or equal to Rub 500,000 (five hundred thousand rubles). 0.5 (zero point five) per cent (VAT included) of the of the estimated price of the investment stake in the event that the amount of cash paid for investment stakes exceeds Rub 500,000 (five hundred thousand rubles).
In the event that an application to acquire stakes is submitted to the fund's agents – Closed Joint Stock Company Megawatt bank and Closed Joint Stock Company Finam Investment Company no markup is charged. The discount in the event of redemption of investment stakes is as follows: 1.5 (one point five) per cent (VAT included) of the estimated price of the investment stake in the event that investment stakes are redeemed within 180 (one hundred and eighty) days from the date when an entry was made about acquisition of the aforementioned investment stakes in the shareholder register of investments stakes. 1 (one) per cent (VAT included) in the event that investment stakes are redeemed within the period from 180 (one hundred and eighty) days to 365 (three hundred and sixty five) days from the date when an entry was made about acquisition of the aforementioned investment stakes in the shareholder register of investments stakes. 0.5 (zero point five) per cent (VAT included) in the event that investment stakes are redeemed after 365 (three hundred and sixty five) days have elapsed from the date when an entry was made about acquisition of the aforementioned investment stakes in the shareholder register of investments stakes.
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