The company Apex Capital a.s. is a logical outcome of our investment and professional activities. We manage our own funds, the funds of our close associates, and similarly-minded investors, with the aim of generating passive income through our active trading strategies on financial markets.
The investment objective of the management of the Common Portfolio is to achieve stable growth of entrusted funds, which exceeds the average repo rate of the Czech National Bank (ČNB). This is primarily achieved through investments in securities, financial market instruments, financial derivatives, and foreign currencies. Credit and interest rate risks are actively managed.
The investment strategy of APEX One focuses 80% on creditworthy and liquid bonds, which are either secured by direct collateral or, according to the issuance conditions, subject to covenants regarding the maximum debt-to-assets ratio (max LTV of 70%). Alternatively, these bonds are considered of such high credit quality that they do not require collateral, such as Czech government bonds.
Because the fund's performance is not dependent on the stock market, it waits for exceptional opportunities and invests only when it is fully convinced of the suitability of entering a particular position.
Our fund can be compared to high-quality bond funds or conservative balanced funds, which have a dominant share in bonds.
The risk is primarily determined by the nature of the held assets and the investment strategy.
Since the fund's investment strategy focuses 80% on highly creditworthy and liquid bonds and 20% on blue-chip stocks, its risk of permanent loss can be considered lower compared to many other alternative investment strategies.
Speculative trades with instruments such as options are only carried out if the fund achieves above-average returns, and exclusively when its annual performance exceeds 12% p.a. (for example, if the fund records a return of over 6% in a quarter).
The goal is to invest in liquid assets that can be converted into cash in a very short period of time.
We aim for an annual return of 8–12%. We believe that years like 2024 lie ahead, in which we will likely significantly exceed the set target. The minimum recommended investment horizon is 3 years.
At the end of each month, after determining the valid value of the Investment Unit, we will provide you with a Letter to Investors, which contains information about the portfolio, current value, performance, and a brief description of the current market situation.
As soon as we receive your payment and, in the case of the first investment, the completed entry form (contract), we will allocate the corresponding number of Investment Units to you. Once this process is complete, we will send a confirmation to your email.
During the term of the contract, the investor may request a redemption of all or part of the allocated Investment Units at their current value, which will be determined on the next following Valuation Day. However, this day must not be earlier than 14 days after the submission of the redemption request, unless the investor specifies a different later Valuation Day in their request. More detailed information can be found in your contract, or we would be happy to provide it to you by phone or email.
The management fee is charged for the costs associated with the active management of the Common Portfolio. This fee is calculated as a percentage of the value of the assets and liabilities of the Common Portfolio, determined based on its fair value, and is usually already included in the published prices of the Investment Units, which we provide to our investors at the end of each calendar month. Historical prices, charts, and performance data we provide are therefore already adjusted for this fee.
In general, an annual performance fee is due for the growth in the value of the Investment Unit allocated to the investor. This fee is 15% of the appreciation of the Investment Unit that exceeds the highest value reached on any other performance fee valuation date. However, the performance fee is only charged if the appreciation of the Investment Unit exceeds the value corresponding to the most recent annual repo rate set by the Czech National Bank (ČNB).
The performance fee is calculated retroactively once a year, always on December 31 of each calendar year, and also when redeeming the Investment Unit. When the fee is calculated, the manager will cancel the number of Investment Units of the investor corresponding to the amount of the performance fee, and this fee will be deducted from the Common Portfolio. The number of Investment Units is rounded down to whole numbers.
Taxation depends on the personal circumstances of the investor. The company does not typically apply withholding tax when redeeming Investment Units.
The Investment Units of our funds are based on growth distribution of profits, meaning that the profit is used for further investments and reflected in the increase in the value of the Investment Units. Therefore, dividends are not paid out from the investment.
The assets and liabilities forming the Common Portfolio are valued by the Manager at their fair value on the Valuation Day. The investment instruments in the Common Portfolio are valued in Czech crowns (CZK). For the valuation of investment instruments, the closing price valid on the Valuation Day is generally used.
For over-the-counter assets, the mid-market quotation (Bloomberg, Reuters, etc.) is used as of 16:00 CET.
Although we are a relatively young company, we take Corporate Social Responsibility (CSR) very seriously and responsibly. We have defined areas that we would like to focus on and support. Currently, we are discussing specific projects.
Notice
The terms used here, starting with a capital letter, have the meanings assigned to them in your contract.
Apex Capital a.s. is registered with the Czech National Bank (ČNB) in the list of entities under Section 15 of the Act on Investment Companies and Investment Funds, but it is not subject to supervision by the ČNB.
