Note to investors

Generali Investments – Management company LLC (Generali Investments, družba za upravljanje, d.o.o.), Dunajska cesta 63, Ljubljana, Slovenia, manages the Generali Umbrella Fund and its subfunds Generali Galileo, Mixed Flexible Fund; Generali Rastko Europe, Equity; Generali Bond – EUR; Generali MM, Money Market – EUR; Generali First Selection, Fund of Equity Funds; Generali South Eastern Europe, Equity; Generali New Markets, Equity; Generali Raw Materials and Energy, Equity; Generali Technology, Equity; Generali Vitality, Equity; Generali India – China, Equity; Generali Latin America, Equity; Generali Eastern Europe, Equity; Generali Dividend, Equity; Generali America, Equity; and Generali Corporate Bonds – EUR. Hard copies of the prospectus including the fund rules, the Key Investor Information Document (KIID), and the latest published annual and semi-annual reports in the Slovenian language are available to investors free of charge at the company’s headquarters and subscription offices, and in e-format on this website.

Past returns are not a guarantee of future returns. Variations in the fund unit values largely depend on the situation in capital markets. As unit values may grow or fall, future returns can either be higher or lower than past returns. There is a likelihood that investors may not be repaid all assets they invest in a fund during the saving period. The computations exclude subscription fees, redemption fees and taxes, potentially paid by the investor, which would otherwise decrease the presented rate of return. The maximum subscription fees for Generali Galileo, Generali Rastko Europe, Generali South Eastern Europe, Generali New Markets, Generali Raw Materials and Energy, Generali Technology, Generali Vitality, Generali India – China, Generali Latin America, Generali Eastern Europe, Generali Dividend and Generali America amount to 3%, and for Generali Bond, Generali First Selection and Generali Corporate Bonds to 2%. Higher payments into a fund are subject to lower subscription fees in accordance with the scale of fees published on this website. No subscription fee is charged for investments in Generali MM. The maximum redemption fees amount to 2.5% and will only be charged for the redemption from a package, under the condition that less than 5 years have passed since the first payment into the package. No redemption fee is charged for the redemption from Generali Bond, Generali MM, Generali America and Generali Corporate Bonds.

Current data are published on a daily basis in the newspapers Delo, Dnevnik, Finance and Večer. The results up to 2012 were achieved under terms and conditions that are no longer applicable.

The Bank of Slovenia’s mean exchange rate on the day of valuation was used to convert the tolar amounts of fund units into euros. The tolar values of fund units in the period before the euro changeover on 1 January 1999 were converted according to the Bank of Slovenia’s mean exchange rate applicable for the ECU.

The Generali Dividend, Equity subfund emerged from the transformation of the KD Equity Income Mutual Fund into a subfund, whilst the latter transformed from the KD ID, Equity Investment Company, plc, on 12 April 2011. Details of the investment company and its business operations before the transformation into a mutual fund are available on our the website.

On 14 January 2013 the Management Company merged the following subfunds:

The data on the operations of subfunds that ceased to exist through the merger are available on the website www.generali-investments.si.

Investment in any of the Generali Umbrella Fund subfunds is not a banking service and is therefore not included in the guarantee scheme for deposits at banks and savings banks.

Risk and reward profile