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Trend Conservative Fund

Low risk3-year horizonUCITS · open-ended

Issue price

407.1328 €

Redemption price

404.0869 €

▲ +0.2390% todayas at 29.10.2026

Total net asset value (NAV): 1 059 049.60 €Units outstanding: 2 607.74as at 29.10.2026

Issue price — the price at which you buy a unit; redemption price — the price you receive when you sell.

The prices shown apply only to orders submitted on 29.10.2026. An order submitted today will be executed at a price that will be determined on the next business day — it may differ from the price shown here.

1M: +0.74% · 6M: +1.06% · YTD: +2.22% · 12M: +2.38%

How to buy units How to sell All fund documents ↓

About the fund

Contractual Fund “Trend Conservative Fund” is an open-ended collective investment scheme with a conservative profile, established in August 2012. The Fund invests mainly in debt instruments and money-market instruments. Its objective is to preserve the value of the investment and to deliver a modest, more predictable return at a low level of risk and with high liquidity.

Type	Contractual fund, open-ended (UCITS)
Launch	August 2012 (FSC Decision No. 816-ДФ of 25.07.2012)
Currency	Euro
Nominal value per unit	511.29 €
Minimum investment	511.29 € (also the minimum value for a redemption in a single transaction)
Recommended horizon	3 years (the minimum period you should plan to stay invested)
Portfolio manager	Petar Apostolov Savov
Risk manager	Martin Dragnev Stoykov
Investment consultant	Alex Krasimirov Panev (FSC certificate No. 465-ИК of 11.12.2017)
Depositary bank	Eurobank Bulgaria AD

Investment proposals regarding the management of the fund's assets are prepared by the company's investment consultant. The specific decisions on rebalancing the portfolio are taken and executed on an ongoing basis by the Portfolio Manager, in line with prevailing market conditions.

Summary risk indicator

1234567

lower risk · potentially lower returnshigher risk

The 1–7 scale is standardised for all funds on the market; the low/moderate/higher-risk labels compare only the company’s four funds.

Who it is suitable for

Investors with a low risk tolerance; as a first step into funds; for parking money over a horizon of even under 2–3 years; and for balancing out higher-risk positions.

The value of an investment and the income from it may fall. Profit is not guaranteed and there is a risk that investors may not recover the full amount invested.

Performance

NAV per unit, €

Data as a table

NAV per unit is the value of the fund’s assets less its liabilities, divided by the number of units outstanding — the “clean” value of one unit.

Year to date	Last 12 months	Since public offering (p.a.)	Risk (standard deviation)
+2.22%	+2.38%	−1.65%	2.66%

Past performance does not predict future returns.

Portfolio structure

By type of financial instrument as at 30.09.2026

Bonds47.48%

Equity21.25%

Government securities12.85%

Units in other funds (CIS)8.86%

Current accounts8.00%

Receivables1.56%

Fees and charges

One-off — per transaction

On purchase (issue)0.25%

On sale (redemption)0.50%

Annual — included in the unit price

Management fee1.75% per annum

Administrative charges0.46%

Transaction costs0.08%

Total ongoing charges2.29%

How to invest

Review the documents

Before placing an order, you must review at least the minimum set of documents. By signing the order form (contract) you declare that you have had this opportunity.

Minimum set of documents to review before ordering

the Key Information Document (KID) of the fund;
the Prospectus and the Fund Rules;
the Portfolio Valuation and NAV Determination Rules;
the Risk Assessment and Management Rules and the liquidity maintenance and management rules of the fund;
the Risk Management Information of the fund (under Art. 43 of Ordinance No. 44);
the Annual Financial Report of the fund for 2025 (with the auditor's report) and the FSC-template statements annexed to it;
the Six-Month Financial Report of the fund for 2026 and the FSC-template statements annexed to it;
the Summary Information under Art. 77 (issue and redemption prices) — latest and archive by year;
the General Terms and Conditions of Trend Asset Management AD;
the Personal Data Protection Policy;
the Complaints Handling Policy.

Transfer the amount to the fund's account

IBAN: BG03 BPBI 7942 5018 4738 03 · BIC: BPBIBGSF · Eurobank Bulgaria AD

Payment reference: for the subscription of units in Trend Conservative Fund.

Place an order

At our office at 28 Aksakov Street on any business day from 9:00 to 16:30, or by email (trend@trend-am.com) with a qualified electronic signature — form “Order for purchase of units”. The payment order or deposit slip for the amount paid is attached to the order form.

Receive confirmation

A subscription order is executed within up to 7 days; you receive confirmation no later than the end of the business day following execution. You choose how to receive it in the order form itself: free of charge — in person at the office or by email; subject to a fee under the tariff — by post, to a correspondence address you specify.

How to sell (redemption)

Place a redemption order

In the same way as a purchase — at the office or by email with a QES (see “How do I place an order online?”) — form “Order for sale of units”. You state the number of units you wish to sell; the units must be held with the Management Company. For this fund, the value of a single redemption order may not be less than 511.29 €. If a redemption would leave your remaining holding below this amount, the order must cover all the units you hold; if your entire holding is below it, you may redeem it with a single order.

Execution and price

The order is executed within up to 10 days at the applicable price, which will be determined on the next business day after it is placed.

Receive the amount

The amount is transferred to the bank account you specify in the order form.

Taxation

Income of resident individuals and of persons from the EU/EEA from the redemption of units is tax-exempt. Individuals from third countries owe a final tax of 10% on the taxable income. For legal entities, the gain on redemption of units reduces the tax financial result under the Corporate Income Tax Act (and a loss correspondingly increases it) and is not subject to withholding tax.

The legal basis

Individuals: Article 13(1)(3) of the Personal Income Taxes Act in conjunction with § 1, item 11, letter “b” of its Additional Provisions — redemption by collective investment schemes admitted to public offering in Bulgaria, in another EU Member State, or in a State party to the EEA Agreement. For persons from the EU/EEA — Article 37(7); for persons from third countries — Article 37(1)(12) and Article 46(1).
Legal entities: Article 44 of the Corporate Income Tax Act in conjunction with § 1, item 21, letter “b” of its Additional Provisions; for withholding tax — Article 196.
The fund is a collective investment scheme under Article 4(1) of the Collective Investment Schemes Act.

The information is general, current as at this date, and is not tax advice — for a specific case, please consult a tax adviser.

Documents

All fund documents18 documents

Fund UIC: 176347499 · ISIN of the unit issue: BG9000003129

PDFKey Information Document (KID)
effective from 31.03.2026↓ PDFProspectus
November 2025↓ PDFFund Rules
November 2025↓ PDFPortfolio Valuation Rules
November 2025↓ PDFRisk Assessment and Management Rules
November 2025↓ PDFLiquidity Maintenance and Management Rules
26.01.2023↓ PDFInformation on Risk Management (Art. 43 of Ordinance No. 44)
2026↓ pagePerformance Scenarios
latest available · archive by month and year→ pagePortfolio Structure
as at 30.09.2026 · archive by month→ PDFSemi-Annual Report 2026
as at 30.06.2026↓ PDFFSC Standard-Form Returns to the Semi-Annual Report 2026
as at 30.06.2026↓ PDFAnnual Report 2025 with Auditor's Report
2025↓ PDFFSC Standard-Form Returns to the Annual Report 2025
2025↓ PDFSemi-Annual Report 2025
2025↓ PDFFSC Standard-Form Returns to the Semi-Annual Report 2025
2025↓ pageSummary Information under Art. 77
published regularly · archive by year→ PDFSubscription Order Form
form · updated 08.2026↓ PDFRedemption Order Form
form · updated 08.2026↓

All documents are free of charge. In hard copy — at the office on any business day 9:00–16:30.

Frequently asked questions

How do I place an order online?

If you are investing for the first time, please visit our office or contact us.
To place an order online, you must meet two conditions:
• you hold a valid qualified electronic signature (QES);
• you are already an identified client of the Company — with checks completed under the Anti-Money Laundering Act and the necessary documents provided.
The procedure is as follows:
1. For a purchase: transfer the amount to the fund’s account:

IBAN: BG03 BPBI 7942 5018 4738 03 · BIC: BPBIBGSF · Eurobank Bulgaria AD

Payment reference: for the subscription of units in Trend Conservative Fund.

There is no need to wait for the funds to clear — you may continue as soon as the transfer has been ordered. For a redemption no transfer is made — start from step 2.
2. Send a free-text request to trend@trend-am.com: for a purchase you state the amount and attach the payment order for the amount transferred; for a redemption you state the number of units you wish to sell.
3. We verify the details (for a purchase — also the receipt of the amount; for a sale — whether and how many units you hold with the Company), prepare the order form (contract) and send it to you by email, signed with our electronic signature.
4. Sign the order form with your QES and send it to the same address, trend@trend-am.com — the order is thereby placed.
Requests and orders by email are processed on any business day from 9:00 to 16:30.

At what price will my order be executed?

The order will be executed at a price that will be determined on the next business day, after the day the order is placed. The execution price may differ from the last price announced on the website.

Can I sell part of my units?

Yes — units are divisible and you may sell only part of them, at any time; the price is determined on the next business day after the day the order is placed. For this fund, the value of a single redemption order may not be less than 511.29 €. If a redemption would leave your remaining holding below this amount, the order must cover all the units you hold; if your entire holding is below it, you may redeem it with a single order.

Is my investment guaranteed?

No. An investment in the fund is not a bank deposit — it is not covered by the Deposit Insurance Fund or by any state or other guarantee. The value of the units follows the market prices of the assets in the portfolio: it can rise, but it can also fall, and you may get back less than you invested; profit is not guaranteed. What is protected is your ownership of the units — the fund’s assets are safe-kept with the depositary bank (Eurobank Bulgaria AD), separately from the assets of the management company, under the supervision of the Financial Supervision Commission — but this protection covers the safekeeping of the assets, not their market value.

What commissions will I pay when buying or selling units?

The only commissions are the one-off charges applied at the transaction itself: on purchase you pay an issue price equal to the NAV per unit increased by 0.25%, and on sale you receive a redemption price equal to the NAV per unit reduced by 0.50%. The charge is applied once, separately for each order placed — no commissions are payable separately by the investor for holding the units (the fund’s ongoing charges are included in the unit price).

What are the fund’s administrative costs?

These are the ongoing costs of the fund’s mandatory infrastructure and supervision: the fee of the depositary bank (Eurobank Bulgaria AD), which safekeeps the assets and oversees the fund’s operations; the fees payable to the Financial Supervision Commission (FSC); the charges of Central Depository AD for maintaining the register of units; and the costs of the fund’s independent audit. They are included in the unit price and are not charged to investors separately.

What are the transaction costs?

These are the costs the fund incurs when buying and selling financial instruments: the commissions of the investment intermediaries through which trades are executed, and the fees of trading venues such as the Bulgarian Stock Exchange (BSE). They arise only when the fund actually trades, are included in the unit price and are not charged to investors separately.

What happens if I transfer the money but no order is concluded?

The transfer itself does not create an obligation to issue units — units are acquired only under a concluded order form (contract), which is prepared only after successful identification under the Anti-Money Laundering Act, receipt of the amount and verification of the details. If the checks are not passed (for example, where documents have not been provided), no order form is concluded, no units are issued, and the amount transferred is subject to refund to the account from which it was received, in accordance with the law.

Where are my units held?

Units are dematerialised and are normally held with the Management Company — in your client account in the register maintained through Central Depository AD. This is the standard arrangement and is free of charge. If you wish, you may transfer your units for safekeeping to another investment intermediary or a bank — a transfer is made only on your explicit instruction and against a separate fee under the tariff. Please note: a redemption order can be placed when your units are held with the Management Company. If they are held with another intermediary or a bank, you must first instruct a transfer back to the Management Company, after which you can place the order.