How to navigate your statements

The statement first indicates the period for which it has been issued, it is usually for the last three months. At request, we can issue a statement for any period.

In the accounts report, you can see all your accounts by number and goal. Assets at the end of the period is the total value of assets and funds in your account. Current securities value is the value of securities, i.e. the ETFs, purchased on your account. Following this section, you will find your total Finax assets of all accounts in the big blue box.

In the Current Portfolio section you will find abbreviated names of individual securities. A security identifier is a designation on stock exchange under which the securities are traded. If you enter it in Google, you can check their price on various news sites. Opening price is the average price at which the securities were purchased, the opening volume being the opening price * the amount of purchased securites.

Market price is the price at which the securities were traded at the time the statement was made (if for the period April 1 through June 3O, it is the closing price as of June 30). The column Coupons, Divid. would usually be empty. We focus on investing in ETFs that do not pay dividends – so that our clients do not incur tax liability. Instead, the dividends are reinvested in the fund, thereby affecting the price. Profit/loss is the current return on a given security since its purchase.

We buy securities quoted to three decimal points to be able to invest deposits from € 10 per month. The second reason is that this way, we are able to achieve correct distribution of funds, without inaccuracies caused by the purchase of whole units.

In the „Deposits and Withdrawals“ section, you can see your account movements clearly. The total client deposits are shown here. We also display net deposit information in the web interface, net of the entry fee. Portfolio appreciation is then calculated from net deposits.

In the following section, you can see in detail all the transactions that have occured on each account, whether it be purchases, sales, booking of fees, deposits or withdrawals.

The B/S (P/S) column determines whether a purchase or sale of securities is involved. ISIN is an international security identification code under which you can also find the security on the Internet.

The market refers to the international designation of the stock exchange where the purchase or sale was made. It is usually XETA, which stands for Xetra, the German Stock Exchange in Frankfurt. In the Debit/Credit column, negative numbers are a debit, i.e. what was deducted from your cash, while the credit indicates an increase in your account’s cash.

Date and time of implementation for each operation can be found in the box under the date of implementation. Each trade in our internal system is assigned an implementation number.

With Finax Smart Portfolios, the trader fee is still a zero, as we don’t charge any fees for purchases and sales.

You can also find the fees in the Key Transactions Overview, broken down into entry fees and portfolio management fees. In the case that you are also benefitting from services of a financial agent, for better transparency, we have separated the fees you pay to Finax from the fees you pay to the financial agent.

If you find nothing in totals of the selected important transactions the reason is we haven’t charged you yet.

We hope that everything regarding the statements is clear. Should you nevertheless have any questions, don’t hesitate to contact us at: client@finax.sk