About Capital Fund
Capital Fund – performance
Capital Fund performance since inception (cut-off date December 31st, 2023):
| NAV growth rate | 480,8% |
| CAGR (compounded annual growth rate) | 8,5% |
| NAV growth in million euros | 236,0 |
| Dividend paid in million euros | 32,7 |
| Number of years since inception | 24,8 |
NAV growth rate 480,8%
CAGR (compounded annual growth rate) 8,5%
NAV growth in million euros 236,0
Dividend paid in million euros 32,7
Number of years since inception 24,8
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: | 49.991.513,00 EUR |
| 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: | 13,00 EUR |
| 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 |
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: 49.991.513,00 EUR
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: 13,00 EUR
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
Cvjetko Obradović, Member of Supervisory Board
DATA ON THE DEPOSITARY OF THE CAPITAL FUND
The Fund’s depositary is Hrvatska poštanska banka d.d. Zagreb, Jurišićeva 4. The bank has a registered share capital of EUR 161,970,000.00. The bank is registered at the Commercial Court in Zagreb under MBS: 080010698.
The depositary has approval from:
- Securities Commission of the Republic of Croatia, class: UP/I-450-08/03-02/90, reg. no.: 567-03/03-3, dated March 26, 2003, for the performance of custody duties;
- Croatian National Bank, no. 1213/2003 of May 14, 2003 for the performance of custody of a depositary bank.
The Bank performs its depositary duties independently and delegates the storing and settlement of foreign financial instruments to the following third parties with whom it has contracts on delegation of these duties, i.e. sub-depositaries:
- Clearstream Banking SA
- State Street International Bank GmbH
- Ljubljanska banka d.d. Ljubljana
- Vojvođanska banka a.d. Novi Sad
- Stopanska banka a.d. Skopje, R. Makedonija
- Crnogorska komercijalna banka d.d., R. Crna Gora
- Raiffeisen Bank dd, R Bosna i Hercegovina
- Erste & Steiermärkische Bank d.d. Zagreb
Portfolio
SECTOR BREAKDOWN:
as of December 31st, 2023.
| Sector | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Industry | 47,4% |
| 2. | Food and Beverage | 20,1% |
| 3. | Oil and gas | 7,2% |
| 4. | Insurance | 6,2% |
| 5. | Pharmaceuticals | 4,4% |
COUNTRY BREAKDOWN:
as of December 31st, 2023.
| Country | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Croatia | 67,1% |
| 2. | Slovenia | 12,2% |
| 3. | Austria | 7,2% |
| 4. | Romania | 6,9% |
| 5. | Germany | 2,1% |
COMPANIES BREAKDOWN:
as of December 31st, 2023.
| Company | Share in the Fund’s portfolio | |
|---|---|---|
| 1. | Končar elektroindustrija d.d. | 41,1% |
| 2. | Podravka d.d. | 20,1% |
| 3. | Krka d.d. | 4,4% |
| 4. | Adris Grupa (preferred stocks) | 3,1% |
| 5. | Zavarovalnica Triglav | 2,8% |
SECTOR BREAKDOWN:
as of December 31st, 2023.
Sector / Share in the Fund’s portfolio
1. Industry 47,4%
2. Food and Beverage 20,1%
3. Oil and gas 7,2%
4. Insurance 6,2%
5. Pharmaceuticals 4,4%
COUNTRY BREAKDOWN:
as of December 31st, 2023.
Country / Share in the Fund’s portfolio
1. Croatia 67,1%
2. Slovenia 12,2%
3. Austria 7,2%
4. Romania 6,9%
5. Germany 2,1%
COMPANIES BREAKDOWN:
as of December 31st, 2023.
Company/ Share in the Fund’s portfolio
1. Končar elektroindustrija d.d. 41,4%
2. Podravka d.d. 20,1%
3. Krka d.d. 4,4%
4. Adris Grupa (preferred stocks) 3,1%
5. Zavarovalnica Triglav 2,8%
