About Capital Fund
Capital Fund – results
Capital Fund results since foundation (till December 31st, 2022):
| Fund’s Net asset growth | 308,61% |
| Average annual yield | 7,44% |
| Fund’s Net asset growth (HRK million) | 1.141,3 |
| Dividend paid (HRK million) | 246,4 |
| Fund maturity in years | 23,8 |
Fund’s Net asset growth 308,61%
Average annual yield 7,44%
Fund’s Net asset growth (HRK million) 1.141,3
Dividend paid (HRK million) 246,4
Fund maturity in years 23,8
Capital Fund
General information about Capital Fund
| FUND TYPE: | A closed-end alternative investment fund with a private offer |
| DATE OF ESTABLISHMENT: | March 26th, 1999 |
| REGISTRATION NUMBER: | 1436317 |
| PERSONAL/VAT IDENTIFICATION NUMBER: | 08269700991 |
| FUND’S MANAGEMENT COMPANY: | Croatian Pension Investment Company Ltd. |
| SHARE CAPITAL: | 384.550.100,00 HRK (51.038.569,25 EUR at a fixed conversion rate of 1 EUR = 7,53450 HRK) |
| THE NUMBER OF SHARES AND RESTRICTIONS ON SHARES DISPOSALS: | 3.845.501 shares; all have been included in the CDCC since October 25th, 2006 |
| NOMINAL VALUE: | 100,00 HRK (13,27 EUR at a fixed conversion rate of 1 EUR = 7,53450 HRK) |
| ISIN: | HRKAPFRA0005 |
| RESTRICTIONS ON SHARES DISPOSALS: | The shares have been included in the CDCC since October 25th, 2006 |
| OWNERSHIP STRUCTURE: | Croatian Pension Insurance Institute: 99.992% Croatian Pension Investment Company: 0.008% |
| FUND’S HEADQUARTERS: | Zagreb |
| DEPOSIT BANK: | Croatian Postal Bank |
| IBAN: | HR0823900011300003136 |
| REGISTRATION COURT: | Commercial court of Zagreb |
| INVESTOR PROFILE: | In accordance with the Croatian Alternative Investment Funds Act, professional or qualified investors can invest in the Fund. It is not intended for retail investors. |
| AVAILABILITY OF INFORMATION ON FUND: | Investment memorandum, Articles of Association of Fund and required financial reports are delivered to shareholders (investors) through the website of the Management Company – www.hmid.hr |
Fund type: A closed-end alternative investment fund with a private offer
Date of establishment: March 26th,1999
Registration number: 1436317
Personal Identification Number: 08269700991
Fund’s management Company: Croatian Pension Investment Company Ltd.
Share Capital: 384.550.100,00 HRK (51.038.569,25 EUR at a fixed conversion rate of 1 EUR = 7,53450 HRK)
The number of shares and restrictions on shares disposal: 3.845.501 shares; all have been included in the CDCC since October 25th, 2006
Nominal value: 100,00 HRK (13,27 EUR at a fixed conversion rate of 1 EUR = 7,53450 HRK)
ISIN: HRKAPFRA0005
Ownership structure: Croatian Pension Insurance Institute: 99.992% Croatian Pension Investment Company: 0.008%
Fund’s Headquarters: Zagreb
Deposit bank: Croatian Postal Bank
IBAN: HR0823900011300003136
Registration court: Commercial court of Zagreb
Investor profile: In accordance with the Croatian Alternative Investment Funds Act, professional or qualified investors can invest in the Fund. It is not intended for retail investors.
Availability of information on Fund: Investment memorandum, Articles of Association of Fund and required financial reports are delivered to shareholders (investors) through the website of the Management Company – www.hmid.hr
SUBJECT OF FUND’S OPERATIONS
The subject of the Fund’s operations is the collection of funds through a private offering of its shares and investment of these funds in accordance with the law, rules, and the Statute of the Fund.
DURATION OF THE FUND
The fund was established indefinitely.
MANAGEMENT BOARD OF THE COMPANY AS THE MANAGEMENT BOARD OF THE FUND:
Darko Horvatin, Ph.D., President of Management Board
Darjan Radičević, CFA, Member of Management Board
Dražen Mršić, dipl. iur., Member of Management Board
FUND’S SUPERVISORY BOARD:
Zlatko Lovrić, Chairman of Supervisory Board
Hrvoje Prusina, Deputy Chairman of Supervisory Board
Ivana Duvnjak, Member of Supervisory Board
Ivan Penić, Member of Supervisory Board
DATA ON THE DEPOSITARY OF THE CAPITAL FUND
Pursuant to the decision of the Croatian Financial Services Supervisory Agency, class: UP/I-450-08/06-03/25, registration number: 326-113/06-2 of 7 December 2006, the depositary of the Fund is Hrvatska poštanska banka d.d. Zagreb, Jurišićeva 4. The Bank has a registered share capital of 1.214.775.000,00 HRK (161.228.349,59 euros converted at a fixed conversion rate of 1 euro = 7,53450 kuna). It is registered at the Commercial Court in Zagreb under MBS: 080010698.
Portfolio
SECTOR BREAKDOWN:
as of December 31st, 2022
| Sector | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Industry | 45,4% |
| 2. | Food and Beverage | 15,0% |
| 3. | Oil and gas | 8,3% |
| 4. | Insurance | 7,9% |
| 5. | Pharmaceuticals | 5,3% |
COUNTRY BREAKDOWN:
as of December 31st, 2022
| Country | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Croatia | 59,6% |
| 2. | Slovenia | 15,1% |
| 3. | Austria | 10,1% |
| 4. | Romania | 8,1% |
| 5. | Germany | 2,8% |
COMPANIES BREAKDOWN:
as of December 31st, 2022
| Company | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Končar elektroindustrija d.d. | 36,4% |
| 2. | Podravka d.d. | 15,0% |
| 3. | Krka d.d. | 5,3% |
| 4. | Adris Grupa (preferred stocks) | 3,8% |
| 5. | Zavarovalnica Triglav | 3,5% |
SECTOR BREAKDOWN:
as of December 31st, 2022
Sector / Share in the Fund’s portfolio
1. Industry 45,4%
2. Food and Beverage 15,0%
3. Oil and gas 8,3%
4. Insurance 7,9%
5. Pharmaceuticals 5,3%
COUNTRY BREAKDOWN:
as of December 31st, 2022
Country / Share in the Fund’s portfolio
1. Croatia 59,6%
2. Slovenia 15,1%
3. Austria 10,1%
4. Romania 8,1%
5. Germany 2,8%
COMPANIES BREAKDOWN:
as of December 31st, 2022
Company/ Share in the Fund’s portfolio
1. Končar elektroindustrija d.d. 36,4%
2. Podravka d.d. 15,0%
3. Krka d.d. 5,3%
4. Adris Grupa (preferred stocks) 3,8%
5. Zavarovalnica Triglav 3,5%
