Common use of Application of Income Clause in Contracts

Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class. Reinvested: The earned income of those funds and/or share class, which show an income application of type “reinvested” according to Appendix A "Funds at a glance", will be continuously reinvested. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment. Distributed: The profits of those UCITS or share classes which, in accordance with Appendix A "Funds at a glance", show profits utilisation of the ''distributing' type, are distributed annually. If distributions are made, this shall occur within 4 months after the close of the financial year. Up to 10% of the net income of the UCITS or share class can be brought forward to a new account. Distributions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment.

Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class. Reinvested: The earned income of those funds and/or share class, which show an income application of type “reinvestedTHES” according to Appendix A "Funds at a glance"A, will be continuously reinvested. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment. Distributed: The profits of those a UCITS or share classes class which, in accordance with Appendix A "Funds The Fund at a glance", show shows profits utilisation of the '''distributing' type, are distributed annually. If distributions are made, this shall occur within 4 months after the close of the financial year. Up to 10% of the net income of the UCITS or share class can be brought forward to a new account. Distributions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment.

Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class. Reinvested: The earned income of those funds and/or share class, which show an income application of type “reinvested” according to Appendix A "" Funds at a glance", will be continuously reinvested. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment. Distributed: The profits of those a UCITS or share classes class which, in accordance with Appendix A "Funds The Fund at a glance", show shows profits utilisation of the '''distributing' type, are distributed annually. If distributions are made, this shall occur within 4 months after the close of the financial year. Up to 10% of the net income of the UCITS or share class can be brought forward to a new account. Distributions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment.

Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class. Reinvested: The earned income of those funds the OGAW and/or share class, which show an income application of type “reinvestedTHES” according to Appendix A "Funds at a glance"A, will be continuously reinvested. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment. Distributed: The profits of those UCITS or share classes which, in accordance with Appendix A "Funds at a glance", show profits utilisation of the ''distributing' type, are distributed annually. If distributions are made, this shall occur within 4 months after the close of the financial year. Up to 10% of the net income of the UCITS or share class can be brought forward to a new account. Distributions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment.