SBS Ahorro Pesos FCI    
Characteristics of the Fund
 

The fund is aimed at obtaining an income in pesos higher than the average borrowing rates of the Argentine financial system, optimizing the relationship between capital availability and return. At least 75% of the FUND’s net worth will be invested in fixed income assets and instruments representative of that, with public bidding, issued and negotiated in the Argentine Republic, in Pesos or the legal tender replacing them in the future. The composition of the fund’s portfolio attempts to assume a low volatility and a conservative risk profile.

The main assets integrating the portfolio are short-term fixed income instruments, including Bills and Notes issued by the Banco Central de la República Argentina, Financial Trusts, deposits in Demand Deposit Accounts, Post-dated checks, Bonds and Repos, among others.
 

  Management Company: :
   SBS Asset Management SA SGFCI

     Management Fees:
   Depositary Company: Banco de Valores SA                   Management Company:
   
  Class A: 2,50%   Class B: 2,00%
  Classification: Equities                    Depositary Company: 0,15% + IVA
  Fund’s Currency: Pesos    
  Region: Argentina     Commissions:
  Investment Horizon: Long Term                   Subscription:  0%
  Starting date: September 10th, 2008                   Redemption:  0%
  Availability: 72hs.    
 Minimum investment: $1.000  
  Share Values
   
  Composition of the Portfolio
  Risk Rating Agency: Standard & Poor's  
  Management Regulations
  Report from the Rating Agency
 
  Balance Sheets
   
   Note: Management Fees are annual.
 
Disclaimer: neither the investments in shares of the fund constitute deposits in Banco de Valores SA, for the purposes of the Financial Entities Law, nor do they benefit from any of the guarantees that said sight or term deposits might enjoy pursuant to the rules and regulations enforceable regarding deposits in financial entities. Likewise, Banco de Valores SA is not allowed by the Banco Central de la República Argentina to assume, either tacitly or expressly, any commitment with respect to the maintenance, at any time, of the value of the invested capital, to the yield, the surrender value of the shares or the granting of liquidity for that purpose".