9,6898€

The Fundo VIP – Valores e Investimentos Prediais, Fundo de Investimento Imobiliário Aberto is an Open Real Estate Investment Fund, with a variable number of participation units.

Note:

• The Real Estate Investment Funds (REIFs) may be open (for income or accumulation), closed or mixed.
• Investment funds are open when participation units vary in number.
• Investment funds are closed when there is a fixed number of participation units.
• Investment funds are mixed when there are two categories of participation units, one fixed in number and the other that varies in number.

The Fund VIP was established in 1987 and is one of the oldest open real estate investment funds in Portugal.

Real Estate Investment Funds established in Portugal are under the legal regime provided by Decree-Law no. 27/2023 of April 28 (RGA) and the regulations issued by the Portuguese Securities Market Commission (CMVM).

The depositary institution is the Caixa Económica Montepio Geral (CEMG)

Caixa Económica Montepio Geral assumes the monitoring role and ensures compliance with the law and Management Regulation, pays participants their share of Fund VIP income, carries out the Managing Company’s instructions, receives deposits or registers real estate assets of the Fund VIP, keeps an up-to-date chronological listing of all transactions made and prepares a quarterly itemised inventory of the amounts in its keeping, registers the participation units that represent the Fund VIP, completes all the purchases and sales of the Fund VIP securities as commissioned by the managing company, the transactions for collecting interest, dividends and other revenues produced by the Fund, as well as transactions resulting from exercising other patrimonial rights related to those assets.

The Fund VIP is marketed by the depositary entity, the Caixa Económica Montepio Geral, where participation units can be purchased at any branch of that entity, through the opening of an account.

Since 17/02/2020, it is also possible to acquire units of Fundo VIP through Banco Carregosa.

The entity receives and fills the subscription and redemption requests, charging the corresponding commissions for each transaction.

The Abanca and BPI guarantee the redemption requests.

The Fund VIP investment policy is guided by the diversification of risk and the search for the highest appreciation of participation units in order to generate a safe and effective yield.

Assets that make up Fund VIP equity include real estate properties or units of properties, preference being given to offices, warehouses, business, industry, and establishments for learning, culture, tourism, health and recreation, as well as residential buildings and construction lots.

Geographically, the Fund VIP has favoured real estate acquisitions and real estate project developments in the area of Greater Lisbon and Greater Porto, where most of its assets are located.

The associated risk is low, especially as a result of a risk diversification strategy, carried out through investment in undertakings that do not, individually, represent an excessive share of the fund’s assets, and the fruit of a commitment to secure investments that favour quality and locations in areas with a greater demand.

On a scale of 1(min)/6(max), the associated risk is 1.

The Fund VIP is focused on the long-term application of savings for companies and institutions as well as individuals.

The minimum subscription amount is 5 participation units (U.P.), with multiples of 5 units for higher amounts.
Each participation unit, at the end of 2022, had a value of 9.6737 euros.

No, there is not.

Until 31st december 2024, there are no subscription commissions charged.

After that time, the subscription commission depends on the amounts applied:

• 0.125% for amounts equal to or over 10,000,000€.
• 0.25% for amounts equal to or over 5,000,000€ and under 10,000,000€;
• 0.5% for amounts equal to or over 2,500,000€ and under 5,000,000€;
• 1% for amounts under 2,500,000€;

In order to capture new subscriptions, since the exemption of a subscription commission increases the profitability of the investments made in the VIP Fund.

The applicable commission depends on the following holding periods of the units:

• 0.25% after 10 years from the subscription date of the units to be reimbursed
• 0.5% after 5 years and before 10 years from the subscription date of the units to be reimbursed
• 1% after 3 years and before 5 years from the subscription date of the units to be reimbursed
• 1.5% before 3 years have passed from the subscription date of the units to be reimbursed

At Caixa Económica Montepio Geral and Banco Carregosa.