In this FAQ we have summarized the most common questions about The Single Malt Fund. All questions are answered in the prospect and we recommend all potential investors to read this.
Mangold Fondkommission AB is responsible for the subscription.
Contact your own bank and have them fill out the Application form and send it in via post or e-mail. Mangolds online registration will be available January 17.
When your application is approved and payed in full your holding in the Funds securities will registered in your name at your bank or other intermediary.
We cannot guarantee a certain expected return for our investors.
Our goal is to deliver an average net return of 10 percent per year during the period of the fund’s investment capital. For a more comprehensive description of ROI, please see the fund prospectus.
The structural factors and the fact that the fund will be a player on the international whisky market, creates unique conditions for us as an actor. That leads us to believe that our goal is feasible and has a good chance to be met.
Yes. The fund is listed on Nordic Growth Market in Stockholm, where you trade your shares.
The fund is charged with a total and maximum of 2,5% in total fees per year (fund managment fee and license fee).
At the time of liquidation, the total value increase is divided 80/20 between investors and the company, a so called performance fee.
Please see the fund prospectus for a comprehensive description.
No. All eventual revenue is reinvested in the operation in order to maximize the earnings for the fund.
All communication with our investors will go through our website. We will continuously publish quarterly reports and yearly reports. (Reports according to IFRS, please refer to the prospect.)
No. The currency is Euro only.
The purpose of the fund is to be actively managed, which means that we will continuously buy and sell whisky. When trading the fund’s assets we will firstly target those investors registered for online purchases on our website. We see this as a nice advantage for our investors, as many of the fund’s properties will be limited and may be hard to come by. As an investor in The Single Malt Fund you get the first option to buy before we turn to the open market through our own online marketplace.
The fund will in it’s continuous operation act widely on the whisky market and sees no geographical borders. This is true for both investments and disposals.
Investments in the fund’s securities include a number of risks that must be considered before the investment is made. The law and regulations on investment offers to the public/retail market, stipulate that the risks should be described as comprehensively as possible so that investors can form an opinion about them. We consider this to be very good as it helps us to further describe what the investment/business is all about, even if the description is not hundred percent accurate or comprehensive to all possible events that might occur. These risks are described in the fund prospectus, as well as briefly in the fund’s fact sheet, KIID.
The risks described relate partly to the operations in whiskey trading, partly to the risks related to the investment as such. In the first case, we list all risks that we consider can negatively affect the business, which may be an infinite number of factors, but where we describe those which we judge being most reasonable based on what we can see at the present time, without ranking or evaluating them between themselves. Of course, additional risks may arise over time, but we do not address extreme risks such as sun spot activity, volcanic eruptions and the like. In the second case, the risks involved in investing in securities are described. Here are the systematic risks pertaining to all types of securities and specific risks related to the current type of securities and the arrangements for their trading in the secondary market (NGM stock exchange in Stockholm).
We welcome your questions about risks and therefore encourage you as potential investors to ask questions about the risks we described and any risks we did not mention.