Share classes and the formation of Sub-funds Art Sample Clauses

Share classes and the formation of Sub-funds Art. 23 Share classes and the formation of Sub-funds‌ The management company can set up several share classes for the UCITS. Share classes can be established that are distinguished by the allocation of income, issue premium, reference currency and the use of currency hedging, the management fee, minimum investment sum or a combination of these features of the existing share classes. However, the rights of the investors who have purchased shares from existing classes of shares shall remain unaffected by this. The share classes that are set up in connection with the UCITS, as well as those in connection with the shares of the fees arising from the UCITS are stated in Appendix A 'Funds at a glance". The UCITS is not an umbrella Fund and therefore there are no Sub- funds. At any time the management company can decide to turn the UCITS into an umbrella Fund and thereby to issue Sub-funds. The Prospectus is then adapted accordingly.
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