GARTAL INVESTMENT FUND
The fund’s investment objective is the constant appreciation of contributions made by fund investors, primarily in the form of direct and indirect investments in property and development projects of the GARTAL group in Prague and the surrounding area. Revenues from the fund’s investments are from capital gains, dividends and interest.
31.09.2021
417 610 000 Kč
438 230 147 Kč
The fund combines the revenue potential of development activities, the founder’s wealth of experience and the backing of a successful development company with the minimisation of market risk for holders of investment shares.
Fund Founder
| Fund name | GARTAL Investment Fund SICAV a.s. |
| Legal form of fund | joint-stock company with variable registered capital (SICAV) |
| Fund type | qualified investors fund |
| Underlying fund assets | real estate, residential development and secured receivables |
| Security issued | growth investment shares |
| Public tradability | no |
| Frequency of subscription of investment shares | monthly |
| Minimum client investment | CZK 1,000,000 |
| Entry charge | up to 3% |
| Client’s investment horizon | 4 years |
| Frequency of redemption of investment shares | quarterly |
| Payment of redemption of investment shares | within 180 days |
| Exit charge | 0% after 3 years 5% up to 3 years |
| Taxation of fund’s revenues | 5% of fund’s profit |
| Taxation of shareholders | natural persons 15% in case of redemption within 3 years, 0% in case of redemption after 3 years |
| Fund administrator | AVANT investiční společnost, a.s. |
| Depository | Česká spořitelna, a.s. |
| Auditor | APOGEO Audit, s.r.o. |
PORTFOLIO
The fund’s portfolio comprises primarily development projects of the GARTAL group in Prague and the surrounding area.
Projects in progress:
Harfa Yard
An extraordinary apartment building, the design of which was assisted by the world-famous architect Bořek Šípek. It is in Prague 9 by the Českomoravská metro station.
Park Corner
An award-winning project in Real Estate Project of the Year 2019. Its shape fits in cleverly with the current development and offers future residents peace and privacy. It is in Prague 9 by the Hloubětín metro station.
View Spořilov
This new landmark building is being built on Choceradská Street in Prague 4. The nine-storey building offers almost 70 apartments. Each of them will have a balcony, French windows for maximum daylight and floor heating. The building comes with a parking building for more than 100 cars.
Tuchoměřické zahrady
Family housing, a closed site, the countryside within reach and easy access to the centre of Prague. These are the main benefits of the Tuchoměřické Zahrady apartment complex. The ground floor apartments offer cosy front gardens and those on higher floors have spacious balconies.
Pod Bertramkou
Premium project in Prague 5, Smíchov. Quiet living near the forest with the city center within reach.
Viladům Hloubětín
Completely renovated project with 13 investment units. It is located in Prague 9 near the Hloubětín metro station.
Nová Kněžívka
40 apartments with a layout of 1 + kk intended for own use or as an investment. It is located in the village of Tuchoměřice in the district of Prague-West.
Říčany Tower
Reconstruction of the Alfa Tower building in Říčany into a modern multifunctional building. Emphasis is placed on environmental sustainability and energy saving measures, including green roofs.
FOR INVESTORS
Properties and Development Projects
approx. CZK 438 m
4 years
Above-standard yield of growth investment shares (GIS) of 6 to 7% p.a.- Guarantee of minimum yield of GIS totalling 6% p.a., in the event of lower profit or even a loss by the fund. A guarantee in the form of the redistribution of fund capital from holders of performance investment shares in favour of holders of growth investment shares, up to the amount of such fund capital.
- A priority share in the fund’s profits (ahead of the fund’s founders, who hold investment shares) up to 6% p.a. A secondary share in any loss made by the fund; a loss is first settled from the fund’s capital from holders of performance investment shares.
- Long-term investment in real values with stable growth, a higher degree of portfolio diversification.
- The professional backing of a successful Prague development company, professional asset management, the fund representatives’ expertise and wealth of experience.
- Controls on handling of fund assets by the depository, supervision by the Czech National Bank.
- Low entry fees and zero exit charges if the conditions set out in the statutes are complied with.
- Low 5% tax rate on income for investment funds, option of exemption from income tax in case of redemption of investment shares after three years.
SHARE DYNAMISM
We invest together with our investors—the fund’s founders are also the shareholders. We don’t earn money off you, we want to earn money with you.
We are conservative, we don’t take risks, we hedge, invest and develop.
Our biggest benefit is the yield guarantee—with us you will appreciate your investments by at least 6% p.a.
FUND STRUCTURE
Auditor
APOGEO Audit, s.r.o.
A respected advisory group active on the Czech market since 2001, it checks the maintenance of the fund’s accounts and compliance with the rules when managing the fund’s assets.
ČNB
The Czech National Bank supervises the activities of the fund, investment company and depository bank, it requires regular reports on the fund’s financial management and is a general guarantee for the safety of investments.
Depository
Česká spořitelna, a.s.
Handling of the fund’s assets is checked in ongoing fashion, the purpose of every item on the fund’s account must be documented by the depository, it arranges the custody of the fund’s securities.
Administrative Board
A supervisory body that has the primary power of review regarding the investment company.
Investment Process
Every investment plan must be assessed before its realisation through an analysis of its economic benefit that is drafted by the investment company’s Risk Manager, an investment plan is subsequently assessed by the fund’s Investment Committee and an opinion is issued; the compliance of a plan with the fund’s investment strategy is assessed and its realisation is approved by the Asset Management Director of the investment company’s fund.
Fund Administrator and Manager
AVANT investiční společnost, a.s.
It manages the fund’s assets in accordance with the fund’s statutes and the Act on Investment Companies and Investment Funds; it acts on the fund’s behalf; it signs contracts for the fund; it performs the fund’s duties to the state administration (accounting, taxes), the Czech National Bank (monthly reporting of the financial statements, information about changes) and the depository bank. The investment company informs the fund’s shareholders of the value of investment shares, issues investment shares and maintains the list of shareholders.
Investment Committee
It assesses individual investment plans based on the submitted economic benefit analysis and issues opinions for decisions by the investment company.
SPV
A project company owned and controlled by the fund that realises individual development projects using the fund’s resources.
Statutory Body
AVANT investiční společnost, a.s.
The fund’s statutory body is elected by the general meeting based on the articles of association whose members are entered in the Commercial Register.
AVANT investiční společnost, a.s., is the manager of qualified investors funds pursuant to Act No. 240/2013 Coll., on Management Companies and Investment Funds, and a qualified investor can become a shareholder or unit owner in them pursuant to Section 272 of this act.
The fund manager warns investors that the value of an investment in the fund may both rise and fall and that the return of the original investment is not guaranteed. The performance of the fund in the past is not indicative of the same or higher performance in the future. A yield from an investment in the fund is achieved when held for the mid-term to long-term period and thus is not suitable for short-term speculation. Potential investors should namely weigh the specific risks that may arise from the fund’s investment goals as described in its statute. Investment goals are reflected in the recommended investment horizon, as are fund fees and expenses.
The detailed information contains the fund statute and the Key Information Document (KID). The KID is available at http://www.avantfunds.cz/informacni-povinnost. It is possible to obtain the aforementioned information in documentary form at the registered office of AVANT investiční společnost, a.s., CITY TOWER, Hvězdova 1716/2b, 140 00 Prague 4 – Nusle.
Other important information for investors can be found at: http://www.avantfunds.cz/cz/dulezite-informace.
The given information is only of an informative nature and does not represent a proposal for the conclusion of a contract or a public offer according to the provisions of the Civil Code.
GARTAL Investment fund SICAV a.s., IČO: 05479819. Sídlo: Tyršova 1832/7, Nové Město, 120 00 Praha 2. Spisová značka: B 21934 vedená u Městského soudu v Praze. Datová schránka: 2av4p8y
LEI: 315700KCEJ1P10OGGC45
