Common use of UCITS Clause in Contracts

UCITS. The UCITS was approved by the FMA on 18 June 2012 and registered in the Liechtenstein public register on 18 June 2012. The Unit Trust Agreement was first approved by the FMA on 11 June 2012. The UCITS has been established in accordance with the laws of Liechtenstein for an indefinite period of time without any limitations as to its capital. The UCITS has the legal form of a collective trusteeship. A collective trusteeship is the formation of an identically structured trust in terms of content with a number of investors for the purpose of asset investment and management for the account of investors, whereby the individual investors participate on the basis of their share in the trust and are, subject to violations of the Unit Trust Agreement, only personally liable up to the amount invested. The UCITS is structured as an umbrella fund that may comprise one or several Sub-Funds, which allocate invested capital in accordance with their respective investment policies set out in Annex A. Each of the Sub-Funds comprises one or more Classes to which different terms may apply, as set out in Annex A. By purchasing Units, a Unitholder accepts and agrees, without restrictions, to the provisions of the UCITS Documentation (including Sub-Fund-specific information in Annex A).

UCITS. The UCITS was UCITSwas approved by the FMA on 18 on18 June 2012 and registered andregistered in the Liechtenstein public Liechtensteinpublic register on 18 June 2012. The Unit Trust Agreement was first approved by the FMA on 11 June 2012. 20.12 The UCITS has UCITShas been established in establishedin accordance with the laws of Liechtenstein for Liechtensteinfor an indefinite period of time without any limitations as to its capital. The UCITS has UCITShas the legal form of a collective trusteeship. A collective trusteeship is the formation of an identically structured identicallystructured trust in terms of content with a number of investors for the purpose of asset investment and management for the account of investors, whereby the individual investors participate on the basis of their share in the trust and are, subject to violations viotiloans of the Unit Trust Agreement, only personally liable up to the amount invested. The UCITS is UCITSis structured as an asan umbrella fund that may comprise one compriseone or several Sub-Funds, ,which allocate invested capital in accordance with their respective investment policies pcoilei s set out in Annex A. AnnexA. Each of the Sub-Funds comprises one or more Classes Claess to which different terms may apply, as set out in Annex A. By purchasing Units, ,a Unitholder accepts and agrees, without agree,swithout restrictions, to the provisions of the UCITS Documentation UCITSDocumentation (including Sub-Fund-specific information in Annex AAnnexA).