FAQ

FAQ Overview

What are issue and redemption charges?

For issues and redemptions in an indexed investment product, securities are traded in the corresponding amount. The associated issue and redemption charges (i.e. standard brokerage fees, commissions, taxes and duties) are charged to the assets of the investment product and billed transparently. In particular, the charges are intended to protect existing investors (dilution protection) and are always credited to the assets of the investment product.

Issue and redemption charges serve only to cover the transaction fees caused by the issue and redemption of shares in the investment product and the associated securities transactions. These charges have to be assumed by the individual investor in order to protect the remaining investors and cannot be included in the all-in fee in advance.

The expenses are now calculated using the crossing method. This means that the values on the fact sheets are maximum values and may be lower if purchases and sales are made on the same day.

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