Federal Act on Collective Investment Schemes

¹On con­clud­ing a con­tract, or sub­scrib­ing and pay­ing in cash, in­vestors ac­quire:

a.

in the case of an in­vest­ment fund, a claim against the fund man­age­ment com­pany to par­ti­cip­ate in the as­sets and in­come of the in­vest­ment fund in ac­cord­ance with the fund units they ac­quire;

b.

in the case of a SICAV, an in­terest in the com­pany and its un­ap­pro­pri­ated net earn­ings in ac­cord­ance with the shares they ac­quire.

²They are, in prin­ciple, en­titled at all times to re­quest the re­demp­tion of their units and pay­ment of the re­demp­tion amount in cash. Unit cer­ti­fic­ates must be re­turned for can­cel­la­tion pur­poses.

³In the case of col­lect­ive in­vest­ment schemes with vari­ous unit classes, the Fed­er­al Coun­cil reg­u­lates the de­tails.

⁴FINMA may al­low a derog­a­tion from the duty to make pay­ments in and out of the fund in cash.

⁵In the case of col­lect­ive in­vest­ment schemes with sub­funds, the as­set en­ti­tle­ments are based on Art­icle 93 para­graph 2 and Art­icle 94 para­graph 2.