Four new classes, two currencies
The new Accolade Industrial Fund classes are designated CZK2 3Y and CZK3Y in Czech koruna, and EUR2 3Y and EUR3Y in euro. The share price at initial offering is CZK 100, or EUR 100 respectively.
Class | Currency | Min. entry investment | Management fee |
CZK2 3Y | CZK | equivalent of EUR 100,000 in CZK | 1,60 % p.a. |
EUR2 3Y | EUR | EUR 100,000 | 1,60 % p.a. |
CZK3Y | CZK | equivalent of EUR 740,000 in CZK | 1,00 % p.a. |
EUR3Y | EUR | EUR 740,000 | 1,00 % p.a. |
The minimum investment differs by class: for CZK2 3Y and EUR2 3Y, it is EUR 100,000 or the equivalent in CZK, with a management fee of 1.60% of NAV per year. For CZK3Y and EUR3Y, it is EUR 740,000 or the equivalent in CZK, with a management fee of 1.00% of NAV per year.
All four new classes carry the same performance fee of 15.00% per year and an entry fee of up to 3.00% of the subscribed amount. No redemption or exchange fee applies. Unlike the D-designated classes, the new classes do not offer annual income distribution — returns are reinvested for the full duration of the investment.
How redemption works
To redeem, investors must submit notice twelve months before the end of the lock-up. For the new classes, this applies from the second anniversary of the investment; for the existing classes, from the fourth.
Who the new classes are for
The new classes are intended for investors who meet the definition of a qualified investor under applicable legislation. We are introducing them as part of a broader update to the fund's offering documents, which also reflects new liquidity management requirements under the AIFMD II directive.
Contact us
Interested in investing in one of the new classes? Contact us.
