{"id":269,"date":"2023-01-10T10:42:47","date_gmt":"2023-01-10T10:42:47","guid":{"rendered":"https:\/\/ugmarket.speedyweb.site\/?page_id=269"},"modified":"2023-04-12T12:35:35","modified_gmt":"2023-04-12T12:35:35","slug":"ug-market-maximum","status":"publish","type":"page","link":"https:\/\/ugmarket.com\/en\/mutual-funds\/buy-and-sell-mutual-fund-shares-online\/ug-market-maximum\/","title":{"rendered":"UG MARKET MAXIMUM"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"269\" class=\"elementor elementor-269\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-686e6a96 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"686e6a96\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;shape_divider_bottom&quot;:&quot;triangle-asymmetrical&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M738,99l262-93V0H0v5.6L738,99z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-698fed9f\" data-id=\"698fed9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-591eb6a1 elementor-widget elementor-widget-heading\" data-id=\"591eb6a1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><span class=\"elementor-heading-title elementor-size-default\">UG MARKET<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-a8175f4 e-flex e-con-boxed e-con e-parent\" data-id=\"a8175f4\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-78a32f5 e-flex e-con-boxed e-con e-parent\" data-id=\"78a32f5\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1ca9fd e-n-tabs-mobile elementor-widget elementor-widget-n-tabs\" data-id=\"b1ca9fd\" data-element_type=\"widget\" data-settings=\"{&quot;horizontal_scroll&quot;:&quot;disable&quot;}\" data-widget_type=\"nested-tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"e-n-tabs\" data-widget-number=\"186\" aria-label=\"Tabs. Open items with Enter or Space, close with Escape and navigate using the Arrow keys.\">\n\t\t\t<div class=\"e-n-tabs-heading\" role=\"tablist\">\n\t\t\t\t\t\t\t<button id=\"e-n-tabs-title-1861\" class=\"e-n-tab-title\" aria-selected=\"true\" data-tab-index=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"e-n-tab-content-1861\" style=\"--n-tabs-title-order: 1;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tABOUT THE FUND\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<button id=\"e-n-tabs-title-1862\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1862\" style=\"--n-tabs-title-order: 2;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tINVESTMENT OBJECTIVES, STRATEGY AND POLICY\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<button id=\"e-n-tabs-title-1863\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1863\" style=\"--n-tabs-title-order: 3;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tINVESTOR PROFILE\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<button id=\"e-n-tabs-title-1864\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1864\" style=\"--n-tabs-title-order: 4;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tOPERATIONAL INFORMATION\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<button id=\"e-n-tabs-title-1865\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1865\" style=\"--n-tabs-title-order: 5;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tDOCUMENTS\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<button id=\"e-n-tabs-title-1866\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-1866\" style=\"--n-tabs-title-order: 6;\">\n\t\t\t\t<span class=\"e-n-tab-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\t\tREPORTS\t\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"e-n-tabs-content\">\n\t\t\t\t<div id=\"e-n-tab-content-1861\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1861\" data-tab-index=\"1\" style=\"--n-tabs-title-order: 1;\" class=\"e-active elementor-element elementor-element-5d01c50 e-con-full e-flex e-con e-parent\" data-id=\"5d01c50\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-9ae8f03 e-flex e-con-boxed e-con e-child\" data-id=\"9ae8f03\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9471b46 elementor-widget elementor-widget-text-editor\" data-id=\"9471b46\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Mutual Fund Ug Market Maximum is an open-ended collective investment scheme whose asstes are being invested primarily in Bulgarian shares, shares of foreign companies listed for trading on internationally recognized and liquid regulated markets (up to 80 per cent of NAV), and shares\/units of other collective investment schemes (up to 10 per cent of NAV).<\/p><p>The Fund invests in debt securities and fixed income instruments, in order to maintain liquidity and\/or to reduce risk in times of market turmoil.<\/p><p>The Fund\u2019s assets are divided into units\/shares which are constantly offered for sale to investors and redeemed at their wish.<\/p><p>Ug Market Maximum operates with permission \u211628-DF from 22.08.2006, by the Financial Supervision Commission.<\/p><p>Depository Bank<\/p><p>The Depository Bank safekeeps the assets of Ug Market Maximum, executes control over its operations and verifies the calculation of the net asset value (NAV) of the Fund.<\/p><p>Raiffeisenbank (Bulgaria), with registered office at:<br \/>Sofia, bul. 55 \u201cNikola Vaptsarov\u201d str.<br \/>tel .: (02) 91 985 796, fax: (02) 868 7061,<br \/>e-mail (e-mail): GSS.Operations@raiffeisen.bg<\/p><p>and web-site: www.rbb.bg.<\/p><p>Wire transfers of funds, for the purchase of shares of Ug Market Maximum, can be made to the following account of the fund at Raiffeisenbank (Bulgaria) JSC<\/p><p>IBAN: BG80RZBB91551085490615<\/p><p>BIC: RZBBBGSF<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1862\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1862\" data-tab-index=\"2\" style=\"--n-tabs-title-order: 2;\" class=\" elementor-element elementor-element-861a14d e-con-full e-flex e-con e-parent\" data-id=\"861a14d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-1516e40 e-flex e-con-boxed e-con e-child\" data-id=\"1516e40\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-405aa41 elementor-widget elementor-widget-text-editor\" data-id=\"405aa41\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The management of the assets of UG Market Maximum is consistent with the target allocation detailed in the prospectus, namely \u2013 up to 80% of assets are invested in high-risk instruments (mainly shares issued by Bulgarian companies, but also shares traded on international regulated markets, rights, derivatives). The remaining assets are intended to provide liquidity and reduce portfolio risk by investing in cash deposits, government securities, corporate bonds and other fixed income instruments. This target allocation is undergoing some modifications due to both the current state of the financial markets (market timing), and medium-term projections of management. Regardless of temporary changes in the allocation, the risk profile of DF South Market Maximum remains typical for a fund investing primarily in equity \u2013 namely moderate to high risk.<\/p><p>The proportion of shares in the portfolio at the end of 2015 decreased to 52,10% of the assets, as the decline is almost entirely at the expense of bonds and free funds. Reducing the exposure in stocks reflects our expectations for an uncertain short-term future before new growth of investors\u2019 appetite for risk in the second half of 2016. Our favourite investments are primarily in actively traded instruments (as they comply with the condition to have a fair price significantly higher than the market price), but without neglecting those that are not traded heavily as long as they offer good enough discount from their fair price.<\/p><p>In 2016 our strategy remains moderately aggressive (as far as the mandate of the fund is to invest mainly in shares) without forcing us to be \u201cfully invested\u201d most of the time. Our philosophy of managing the assets of the fund was never to blindly follow the market, but rather to seek value where other investors rarely look.<\/p><p>Although the mandate of the Fund permits a large share of risky assets in the portfolio, over the last six or seven years we have adhered to a more conservative approach to management. That approach was, in certain periods fo time, not the most profitable strategy, but in the long run proved successful in protecting the assets of our investors from much more serious losses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1863\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1863\" data-tab-index=\"3\" style=\"--n-tabs-title-order: 3;\" class=\" elementor-element elementor-element-b60ebcd e-con-full e-flex e-con e-parent\" data-id=\"b60ebcd\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-9eea770 e-flex e-con-boxed e-con e-child\" data-id=\"9eea770\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51efc5c elementor-widget elementor-widget-text-editor\" data-id=\"51efc5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The investment product of UG Market Maximum is designed for individuals, companies, institutions and other entities that are willing to invest for the medium and long term, which are ready to accept moderate to high investment risk and are demanding high levels of liquidity.<\/p><p>The investment in shares of UG Market Maximum might be suitable for Bulgarian and foreign investors (non-US citizens and citizens of Canada).<\/p><p>The value of shares of mutual funds and the income from them can go down, profits are not guaranteed, and investors assume the risk of not recovering their investment in full.<\/p><p>Investments in shares of and Ug Market Maximum are not guaranteed by a guarantee fund or otherwise. Past performance of the mutual funds do not guarantee future results of their activities.<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1864\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1864\" data-tab-index=\"4\" style=\"--n-tabs-title-order: 4;\" class=\" elementor-element elementor-element-612be24 e-con-full e-flex e-con e-parent\" data-id=\"612be24\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-969a009 e-flex e-con-boxed e-con e-child\" data-id=\"969a009\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d891c65 elementor-widget elementor-widget-text-editor\" data-id=\"d891c65\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1865\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1865\" data-tab-index=\"5\" style=\"--n-tabs-title-order: 5;\" class=\" elementor-element elementor-element-c1a60a9 e-con-full e-flex e-con e-parent\" data-id=\"c1a60a9\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-3f3bfbf e-flex e-con-boxed e-con e-child\" data-id=\"3f3bfbf\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cbe6105 elementor-widget elementor-widget-text-editor\" data-id=\"cbe6105\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Prospect-UMM-12.2015.pdf\">Prospectus of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/%D0%9A%D0%9B%D0%AE%D0%A7%D0%9E%D0%92%D0%90-%D0%98%D0%9D%D0%A4%D0%9E%D0%A0%D0%9C%D0%90%D0%A6%D0%98%D0%AF-%D0%97%D0%90-%D0%98%D0%9D%D0%92%D0%95%D0%A1%D0%A2%D0%98%D0%A2%D0%9E%D0%A0%D0%98%D0%A2%D0%95-%D0%AE%D0%9C%D0%9C-012016.pdf\">Key information for investors<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-UMM.pdf\">Rules of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-ocenka-UMM.pdf\">Rules for asset valuation<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-risk-UMM.pdf\">Risk management rules<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-likvidnost-UMM.pdf\">Rules for liquidity risk management<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Politika-upravlenie-UMM.pdf\">Management policy<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Risk_GFO_UMM_2015.pdf\">Dissemination of information<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-1866\" role=\"tabpanel\" aria-labelledby=\"e-n-tabs-title-1866\" data-tab-index=\"6\" style=\"--n-tabs-title-order: 6;\" class=\" elementor-element elementor-element-b567373 e-con-full e-flex e-con e-parent\" data-id=\"b567373\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;_ha_eqh_enable&quot;:false}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-77fb9bd e-flex e-con-boxed e-con e-child\" data-id=\"77fb9bd\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fb0637 elementor-widget elementor-widget-text-editor\" data-id=\"7fb0637\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5be290dc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5be290dc\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\"><div class=\"elementor-container elementor-column-gap-default\"><div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5fea0ae0\" data-id=\"5fea0ae0\" data-element_type=\"column\"><div class=\"elementor-widget-wrap elementor-element-populated\"><section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7ef609e5 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ef609e5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\"><div class=\"elementor-container elementor-column-gap-default\"><div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-54889c6d\" data-id=\"54889c6d\" data-element_type=\"column\"><div class=\"elementor-widget-wrap elementor-element-populated\"><div class=\"elementor-element elementor-element-6567d3c7 elementor-widget elementor-widget-elementskit-simple-tab\" data-id=\"6567d3c7\" data-element_type=\"widget\" data-widget_type=\"elementskit-simple-tab.default\"><div class=\"elementor-widget-container\"><div class=\"ekit-wid-con\"><div class=\"elementkit-tab-wraper  \"><div class=\"tab-content elementkit-tab-content\"><div id=\"content-3e7691b641daf996024a\" class=\"tab-pane elementkit-tab-pane elementor-repeater-item-3e7691b active show\" role=\"tabpanel\" aria-labelledby=\"content-3e7691b641daf996024a-tab\"><div class=\"animated fadeIn\"><h3 class=\"line-year\">2015<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112015.xls\">November<\/a><\/p><h3 class=\"line-year\">2014<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112014.xls\">November<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/div><\/div><\/div><\/section>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5be290dc elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5be290dc\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5fea0ae0\" data-id=\"5fea0ae0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7ef609e5 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ef609e5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-54889c6d\" data-id=\"54889c6d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6567d3c7 elementor-widget elementor-widget-elementskit-simple-tab\" data-id=\"6567d3c7\" data-element_type=\"widget\" data-widget_type=\"elementskit-simple-tab.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" >        <div class=\"elementkit-tab-wraper  \">\n            <ul class=\"nav nav-tabs elementkit-tab-nav  elementskit_tooltip_style elementskit_tooltip_style elementskit-fullwidth-tab\">\n                                    <li class=\"elementkit-nav-item elementor-repeater-item-0bb3f5b\">\n                        <a class=\"elementkit-nav-link  active show right-pos\" id=\"content-0bb3f5b6ac590e3d4547-tab\" data-ekit-handler-id=\"about-the-fund\" data-ekit-toggle=\"tab\" data-target=\"#content-0bb3f5b6ac590e3d4547\" href=\"#Content-0bb3f5b6ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-0bb3f5b6ac590e3d4547\">\n                                                        <span class=\"elementskit-tab-title\"> ABOUT THE FUND<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-7414dc9\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-7414dc96ac590e3d4547-tab\" data-ekit-handler-id=\"investment-objectives-strategy-and-policy\" data-ekit-toggle=\"tab\" data-target=\"#content-7414dc96ac590e3d4547\" href=\"#Content-7414dc96ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-7414dc96ac590e3d4547\">\n                                                        <span class=\"elementskit-tab-title\"> INVESTMENT OBJECTIVES, STRATEGY AND POLICY<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-458bae0\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-458bae06ac590e3d4547-tab\" data-ekit-handler-id=\"investor-profile\" data-ekit-toggle=\"tab\" data-target=\"#content-458bae06ac590e3d4547\" href=\"#Content-458bae06ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-458bae06ac590e3d4547\">\n                                                        <span class=\"elementskit-tab-title\"> INVESTOR PROFILE<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-4187739\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-41877396ac590e3d4547-tab\" data-ekit-handler-id=\"documents\" data-ekit-toggle=\"tab\" data-target=\"#content-41877396ac590e3d4547\" href=\"#Content-41877396ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-41877396ac590e3d4547\">\n                                                        <span class=\"elementskit-tab-title\"> DOCUMENTS<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-3e7691b\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-3e7691b6ac590e3d4547-tab\" data-ekit-handler-id=\"reports\" data-ekit-toggle=\"tab\" data-target=\"#content-3e7691b6ac590e3d4547\" href=\"#Content-3e7691b6ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-3e7691b6ac590e3d4547\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> REPORTS<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-7e03404\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-7e034046ac590e3d4547-tab\" data-ekit-handler-id=\"portfolio\" data-ekit-toggle=\"tab\" data-target=\"#content-7e034046ac590e3d4547\" href=\"#Content-7e034046ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-7e034046ac590e3d4547\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> PORTFOLIO<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-6616af6\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-6616af66ac590e3d4547-tab\" data-ekit-handler-id=\"portfolio\" data-ekit-toggle=\"tab\" data-target=\"#content-6616af66ac590e3d4547\" href=\"#Content-6616af66ac590e3d4547\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-6616af66ac590e3d4547\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> PORTFOLIO<\/span>\n                        <\/a>\n                    <\/li>\n                                <\/ul>\n\n            <div class=\"tab-content elementkit-tab-content\">\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-0bb3f5b  active show\" id=\"content-0bb3f5b6ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-0bb3f5b6ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>Mutual Fund Ug Market Maximum is an open-ended collective investment scheme whose asstes are being invested primarily in Bulgarian shares, shares of foreign companies listed for trading on internationally recognized and liquid regulated markets (up to 80 per cent of NAV), and shares\/units of other collective investment schemes (up to 10 per cent of NAV).<\/p><p>The Fund invests in debt securities and fixed income instruments, in order to maintain liquidity and\/or to reduce risk in times of market turmoil.<\/p><p>The Fund\u2019s assets are divided into units\/shares which are constantly offered for sale to investors and redeemed at their wish.<\/p><p>Ug Market Maximum operates with permission \u211628-DF from 22.08.2006, by the Financial Supervision Commission.<\/p><p>Depository Bank<\/p><p>The Depository Bank safekeeps the assets of Ug Market Maximum, executes control over its operations and verifies the calculation of the net asset value (NAV) of the Fund.<\/p><p>Raiffeisenbank (Bulgaria), with registered office at:<br \/>Sofia, bul. 55 \u201cNikola Vaptsarov\u201d str.<br \/>tel .: (02) 91 985 796, fax: (02) 868 7061,<br \/>e-mail (e-mail): GSS.Operations@raiffeisen.bg<\/p><p>and web-site: www.rbb.bg.<\/p><p>Wire transfers of funds, for the purchase of shares of Ug Market Maximum, can be made to the following account of the fund at Raiffeisenbank (Bulgaria) JSC<\/p><p>IBAN: BG80RZBB91551085490615<\/p><p>BIC: RZBBBGSF<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-7414dc9 \" id=\"content-7414dc96ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-7414dc96ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>The management of the assets of UG Market Maximum is consistent with the target allocation detailed in the prospectus, namely \u2013 up to 80% of assets are invested in high-risk instruments (mainly shares issued by Bulgarian companies, but also shares traded on international regulated markets, rights, derivatives). The remaining assets are intended to provide liquidity and reduce portfolio risk by investing in cash deposits, government securities, corporate bonds and other fixed income instruments. This target allocation is undergoing some modifications due to both the current state of the financial markets (market timing), and medium-term projections of management. Regardless of temporary changes in the allocation, the risk profile of DF South Market Maximum remains typical for a fund investing primarily in equity \u2013 namely moderate to high risk.<\/p><p>The proportion of shares in the portfolio at the end of 2015 decreased to 52,10% of the assets, as the decline is almost entirely at the expense of bonds and free funds. Reducing the exposure in stocks reflects our expectations for an uncertain short-term future before new growth of investors\u2019 appetite for risk in the second half of 2016. Our favourite investments are primarily in actively traded instruments (as they comply with the condition to have a fair price significantly higher than the market price), but without neglecting those that are not traded heavily as long as they offer good enough discount from their fair price.<\/p><p>In 2016 our strategy remains moderately aggressive (as far as the mandate of the fund is to invest mainly in shares) without forcing us to be \u201cfully invested\u201d most of the time. Our philosophy of managing the assets of the fund was never to blindly follow the market, but rather to seek value where other investors rarely look.<\/p><p>Although the mandate of the Fund permits a large share of risky assets in the portfolio, over the last six or seven years we have adhered to a more conservative approach to management. That approach was, in certain periods fo time, not the most profitable strategy, but in the long run proved successful in protecting the assets of our investors from much more serious losses.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-458bae0 \" id=\"content-458bae06ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-458bae06ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>The investment product of UG Market Maximum is designed for individuals, companies, institutions and other entities that are willing to invest for the medium and long term, which are ready to accept moderate to high investment risk and are demanding high levels of liquidity.<\/p><p>The investment in shares of UG Market Maximum might be suitable for Bulgarian and foreign investors (non-US citizens and citizens of Canada).<\/p><p>The value of shares of mutual funds and the income from them can go down, profits are not guaranteed, and investors assume the risk of not recovering their investment in full.<\/p><p>Investments in shares of and Ug Market Maximum are not guaranteed by a guarantee fund or otherwise. Past performance of the mutual funds do not guarantee future results of their activities.<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-4187739 \" id=\"content-41877396ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-41877396ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Prospect-UMM-12.2015.pdf\">Prospectus of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/%D0%9A%D0%9B%D0%AE%D0%A7%D0%9E%D0%92%D0%90-%D0%98%D0%9D%D0%A4%D0%9E%D0%A0%D0%9C%D0%90%D0%A6%D0%98%D0%AF-%D0%97%D0%90-%D0%98%D0%9D%D0%92%D0%95%D0%A1%D0%A2%D0%98%D0%A2%D0%9E%D0%A0%D0%98%D0%A2%D0%95-%D0%AE%D0%9C%D0%9C-012016.pdf\">Key information for investors<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-UMM.pdf\">Rules of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-ocenka-UMM.pdf\">Rules for asset valuation<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-risk-UMM.pdf\">Risk management rules<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-likvidnost-UMM.pdf\">Rules for liquidity risk management<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Politika-upravlenie-UMM.pdf\">Management policy<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Risk_GFO_UMM_2015.pdf\">Dissemination of information<\/a><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-3e7691b \" id=\"content-3e7691b6ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-3e7691b6ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <h3 class=\"line-year\">2015<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112015.xls\">November<\/a><\/p><h3 class=\"line-year\">2014<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112014.xls\">November<\/a><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-7e03404 \" id=\"content-7e034046ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-7e034046ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-423\" src=\"http:\/\/ugmarket.speedyweb.site\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg\" alt=\"\" width=\"300\" height=\"178\" srcset=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg 300w, https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1.jpg 637w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-6616af6 \" id=\"content-6616af66ac590e3d4547\" role=\"tabpanel\"\n                         aria-labelledby=\"content-6616af66ac590e3d4547-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-423\" src=\"http:\/\/ugmarket.speedyweb.site\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg\" alt=\"\" width=\"300\" height=\"178\" srcset=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg 300w, https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1.jpg 637w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>                        <\/div>\n                    <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-90a49cd elementor-hidden-desktop elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"90a49cd\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8488077\" data-id=\"8488077\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d323ab8 elementor-widget elementor-widget-elementskit-simple-tab\" data-id=\"d323ab8\" data-element_type=\"widget\" data-widget_type=\"elementskit-simple-tab.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" >        <div class=\"elementkit-tab-wraper  \">\n            <ul class=\"nav nav-tabs elementkit-tab-nav  elementskit_tooltip_style elementskit_tooltip_style elementskit-fullwidth-tab\">\n                                    <li class=\"elementkit-nav-item elementor-repeater-item-0bb3f5b\">\n                        <a class=\"elementkit-nav-link  active show right-pos\" id=\"content-0bb3f5b6ac590e3d7b1c-tab\" data-ekit-handler-id=\"about-the-fund\" data-ekit-toggle=\"tab\" data-target=\"#content-0bb3f5b6ac590e3d7b1c\" href=\"#Content-0bb3f5b6ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-0bb3f5b6ac590e3d7b1c\">\n                                                        <span class=\"elementskit-tab-title\"> ABOUT THE FUND<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-7414dc9\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-7414dc96ac590e3d7b1c-tab\" data-ekit-handler-id=\"investment-objectives-strategy-and-policy\" data-ekit-toggle=\"tab\" data-target=\"#content-7414dc96ac590e3d7b1c\" href=\"#Content-7414dc96ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-7414dc96ac590e3d7b1c\">\n                                                        <span class=\"elementskit-tab-title\"> INVESTMENT OBJECTIVES, STRATEGY AND POLICY<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-458bae0\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-458bae06ac590e3d7b1c-tab\" data-ekit-handler-id=\"investor-profile\" data-ekit-toggle=\"tab\" data-target=\"#content-458bae06ac590e3d7b1c\" href=\"#Content-458bae06ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-458bae06ac590e3d7b1c\">\n                                                        <span class=\"elementskit-tab-title\"> INVESTOR PROFILE<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-4187739\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-41877396ac590e3d7b1c-tab\" data-ekit-handler-id=\"documents\" data-ekit-toggle=\"tab\" data-target=\"#content-41877396ac590e3d7b1c\" href=\"#Content-41877396ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-41877396ac590e3d7b1c\">\n                                                        <span class=\"elementskit-tab-title\"> DOCUMENTS<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-3e7691b\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-3e7691b6ac590e3d7b1c-tab\" data-ekit-handler-id=\"reports\" data-ekit-toggle=\"tab\" data-target=\"#content-3e7691b6ac590e3d7b1c\" href=\"#Content-3e7691b6ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-3e7691b6ac590e3d7b1c\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> REPORTS<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-7e03404\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-7e034046ac590e3d7b1c-tab\" data-ekit-handler-id=\"portfolio\" data-ekit-toggle=\"tab\" data-target=\"#content-7e034046ac590e3d7b1c\" href=\"#Content-7e034046ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-7e034046ac590e3d7b1c\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> PORTFOLIO<\/span>\n                        <\/a>\n                    <\/li>\n                                        <li class=\"elementkit-nav-item elementor-repeater-item-6616af6\">\n                        <a class=\"elementkit-nav-link  right-pos\" id=\"content-6616af66ac590e3d7b1c-tab\" data-ekit-handler-id=\"portfolio\" data-ekit-toggle=\"tab\" data-target=\"#content-6616af66ac590e3d7b1c\" href=\"#Content-6616af66ac590e3d7b1c\"\n                            data-ekit-toggle-trigger=\"click\"\n                            aria-describedby=\"Content-6616af66ac590e3d7b1c\">\n                            <span class=\" elementskit-tab-icon\"><\/span>                            <span class=\"elementskit-tab-title\"> PORTFOLIO<\/span>\n                        <\/a>\n                    <\/li>\n                                <\/ul>\n\n            <div class=\"tab-content elementkit-tab-content\">\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-0bb3f5b  active show\" id=\"content-0bb3f5b6ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-0bb3f5b6ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>Mutual Fund Ug Market Maximum is an open-ended collective investment scheme whose asstes are being invested primarily in Bulgarian shares, shares of foreign companies listed for trading on internationally recognized and liquid regulated markets (up to 80 per cent of NAV), and shares\/units of other collective investment schemes (up to 10 per cent of NAV).<\/p><p>The Fund invests in debt securities and fixed income instruments, in order to maintain liquidity and\/or to reduce risk in times of market turmoil.<\/p><p>The Fund\u2019s assets are divided into units\/shares which are constantly offered for sale to investors and redeemed at their wish.<\/p><p>Ug Market Maximum operates with permission \u211628-DF from 22.08.2006, by the Financial Supervision Commission.<\/p><p>Depository Bank<\/p><p>The Depository Bank safekeeps the assets of Ug Market Maximum, executes control over its operations and verifies the calculation of the net asset value (NAV) of the Fund.<\/p><p>Raiffeisenbank (Bulgaria), with registered office at:<br \/>Sofia, bul. 55 \u201cNikola Vaptsarov\u201d str.<br \/>tel .: (02) 91 985 796, fax: (02) 868 7061,<br \/>e-mail (e-mail): GSS.Operations@raiffeisen.bg<\/p><p>and web-site: www.rbb.bg.<\/p><p>Wire transfers of funds, for the purchase of shares of Ug Market Maximum, can be made to the following account of the fund at Raiffeisenbank (Bulgaria) JSC<\/p><p>IBAN: BG80RZBB91551085490615<\/p><p>BIC: RZBBBGSF<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-7414dc9 \" id=\"content-7414dc96ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-7414dc96ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>The management of the assets of UG Market Maximum is consistent with the target allocation detailed in the prospectus, namely \u2013 up to 80% of assets are invested in high-risk instruments (mainly shares issued by Bulgarian companies, but also shares traded on international regulated markets, rights, derivatives). The remaining assets are intended to provide liquidity and reduce portfolio risk by investing in cash deposits, government securities, corporate bonds and other fixed income instruments. This target allocation is undergoing some modifications due to both the current state of the financial markets (market timing), and medium-term projections of management. Regardless of temporary changes in the allocation, the risk profile of DF South Market Maximum remains typical for a fund investing primarily in equity \u2013 namely moderate to high risk.<\/p><p>The proportion of shares in the portfolio at the end of 2015 decreased to 52,10% of the assets, as the decline is almost entirely at the expense of bonds and free funds. Reducing the exposure in stocks reflects our expectations for an uncertain short-term future before new growth of investors\u2019 appetite for risk in the second half of 2016. Our favourite investments are primarily in actively traded instruments (as they comply with the condition to have a fair price significantly higher than the market price), but without neglecting those that are not traded heavily as long as they offer good enough discount from their fair price.<\/p><p>In 2016 our strategy remains moderately aggressive (as far as the mandate of the fund is to invest mainly in shares) without forcing us to be \u201cfully invested\u201d most of the time. Our philosophy of managing the assets of the fund was never to blindly follow the market, but rather to seek value where other investors rarely look.<\/p><p>Although the mandate of the Fund permits a large share of risky assets in the portfolio, over the last six or seven years we have adhered to a more conservative approach to management. That approach was, in certain periods fo time, not the most profitable strategy, but in the long run proved successful in protecting the assets of our investors from much more serious losses.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-458bae0 \" id=\"content-458bae06ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-458bae06ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p>The investment product of UG Market Maximum is designed for individuals, companies, institutions and other entities that are willing to invest for the medium and long term, which are ready to accept moderate to high investment risk and are demanding high levels of liquidity.<\/p><p>The investment in shares of UG Market Maximum might be suitable for Bulgarian and foreign investors (non-US citizens and citizens of Canada).<\/p><p>The value of shares of mutual funds and the income from them can go down, profits are not guaranteed, and investors assume the risk of not recovering their investment in full.<\/p><p>Investments in shares of and Ug Market Maximum are not guaranteed by a guarantee fund or otherwise. Past performance of the mutual funds do not guarantee future results of their activities.<\/p><p>The prospectus and the document with key investor information are available and are provided free to all current and potential clients in the offices of Ug Market Fund Management AD and the Ug Market AD and can also be downloaded from this web site.<\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-4187739 \" id=\"content-41877396ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-41877396ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Prospect-UMM-12.2015.pdf\">Prospectus of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/%D0%9A%D0%9B%D0%AE%D0%A7%D0%9E%D0%92%D0%90-%D0%98%D0%9D%D0%A4%D0%9E%D0%A0%D0%9C%D0%90%D0%A6%D0%98%D0%AF-%D0%97%D0%90-%D0%98%D0%9D%D0%92%D0%95%D0%A1%D0%A2%D0%98%D0%A2%D0%9E%D0%A0%D0%98%D0%A2%D0%95-%D0%AE%D0%9C%D0%9C-012016.pdf\">Key information for investors<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-UMM.pdf\">Rules of UG Market Maximum<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-ocenka-UMM.pdf\">Rules for asset valuation<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-risk-UMM.pdf\">Risk management rules<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Pravila-likvidnost-UMM.pdf\">Rules for liquidity risk management<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Politika-upravlenie-UMM.pdf\">Management policy<\/a><\/p><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/Risk_GFO_UMM_2015.pdf\">Dissemination of information<\/a><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-3e7691b \" id=\"content-3e7691b6ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-3e7691b6ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <h3 class=\"line-year\">2015<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112015.xls\">November<\/a><\/p><h3 class=\"line-year\">2014<\/h3><p><a href=\"https:\/\/ugmarket.com\/wp-content\/uploads\/2014\/12\/DF_DFUMM_finotchet_month_30112014.xls\">November<\/a><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-7e03404 \" id=\"content-7e034046ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-7e034046ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-423\" src=\"http:\/\/ugmarket.speedyweb.site\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg\" alt=\"\" width=\"300\" height=\"178\" srcset=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg 300w, https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1.jpg 637w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>                        <\/div>\n                    <\/div>\n                                    <div class=\"tab-pane elementkit-tab-pane elementor-repeater-item-6616af6 \" id=\"content-6616af66ac590e3d7b1c\" role=\"tabpanel\"\n                         aria-labelledby=\"content-6616af66ac590e3d7b1c-tab\">\n                        <div class=\"animated fadeIn\">\n                            <p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-423\" src=\"http:\/\/ugmarket.speedyweb.site\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg\" alt=\"\" width=\"300\" height=\"178\" srcset=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1-300x178.jpg 300w, https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/DFUMM_28022017-1.jpg 637w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>                        <\/div>\n                    <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61f52195 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61f52195\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b524ecc\" data-id=\"3b524ecc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1fe2e419 elementor-widget elementor-widget-heading\" data-id=\"1fe2e419\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">WE ACCEPT<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28d8d5cc elementor-widget elementor-widget-elementskit-heading\" data-id=\"28d8d5cc\" data-element_type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_center   ekit_heading_tablet-   ekit_heading_mobile-\"><h2 class=\"ekit-heading--title elementskit-section-title \"><span><span>Payment<\/span><\/span> Methods.<\/h2><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f40f206 elementor-widget elementor-widget-text-editor\" data-id=\"5f40f206\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Investor connected with stock market &amp; Best friend our partners.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a9932ea elementor-widget elementor-widget-text-editor\" data-id=\"5a9932ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Nisi est sit amet facilisis magna. Mi tempus imperdiet nulla malesuada pellentesque.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6abdf004 animated-slow elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"6abdf004\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-55151e6\" data-id=\"55151e6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41cb7cf2 elementor-widget elementor-widget-image\" data-id=\"41cb7cf2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/paypal.png\" class=\"elementor-animation-grow attachment-full size-full wp-image-165\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-24db56b8\" data-id=\"24db56b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-697c1546 elementor-widget elementor-widget-image\" data-id=\"697c1546\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/maestro.png\" class=\"elementor-animation-grow attachment-full size-full wp-image-166\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-71646f4f\" data-id=\"71646f4f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1515a8c7 elementor-widget elementor-widget-image\" data-id=\"1515a8c7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/mastercard.png\" class=\"elementor-animation-grow attachment-full size-full wp-image-167\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-658ec834\" data-id=\"658ec834\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cb4a89f elementor-widget elementor-widget-image\" data-id=\"5cb4a89f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/web-money.png\" class=\"elementor-animation-grow attachment-full size-full wp-image-168\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-3c49c09e\" data-id=\"3c49c09e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c1022a7 elementor-widget elementor-widget-image\" data-id=\"6c1022a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ugmarket.com\/en\/wp-content\/uploads\/2023\/01\/visa.png\" class=\"elementor-animation-grow attachment-full size-full wp-image-169\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>UG MARKET ABOUT THE FUND INVESTMENT OBJECTIVES, STRATEGY AND POLICY INVESTOR PROFILE OPERATIONAL INFORMATION DOCUMENTS REPORTS ABOUT THE FUND Mutual Fund Ug Market Maximum is an open-ended collective investment scheme whose asstes are being invested primarily in Bulgarian shares, shares of foreign companies listed for trading on internationally recognized and liquid regulated markets (up to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":273,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-269","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/pages\/269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/comments?post=269"}],"version-history":[{"count":41,"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/pages\/269\/revisions"}],"predecessor-version":[{"id":1596,"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/pages\/269\/revisions\/1596"}],"up":[{"embeddable":true,"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/pages\/273"}],"wp:attachment":[{"href":"https:\/\/ugmarket.com\/en\/wp-json\/wp\/v2\/media?parent=269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}