Federal Act on Collective Investment Schemes

¹An an­nu­al re­port shall be pub­lished for each open-ended col­lect­ive in­vest­ment scheme with­in four months of the close of the fin­an­cial year; it shall con­tain the fol­low­ing data in par­tic­u­lar:

a.

the an­nu­al ac­counts con­sist­ing of a state­ment of net as­sets or the bal­ance sheet and the profit and loss ac­count, to­geth­er with in­form­a­tion con­cern­ing the ap­pro­pri­ation of net in­come and the dis­clos­ure of ex­penses;

b.

the num­ber of units re­deemed and newly is­sued dur­ing the fin­an­cial year, as well as the fi­nal bal­ance of the is­sued units;

c.

the in­vent­ory of the fund's as­sets at mar­ket value and the res­ult­ing value (net as­set value) of a fund unit as of the last day of the fin­an­cial year;

d.

the valu­ation prin­ciples as well as the prin­ciples used for the cal­cu­la­tion of the net as­set value;

e.

a break­down of the buy and sell trans­ac­tions;

f.

the names of per­sons and com­pan­ies to which du­ties have been en­trus­ted;

g.

in­form­a­tion re­lat­ing to mat­ters of par­tic­u­lar eco­nom­ic or leg­al sig­ni­fic­ance, spe­cific­ally:

1.

amend­ments to the fund reg­u­la­tions,

2.

ma­ter­i­al ques­tions con­cern­ing in­ter­pret­a­tion of this Act and the fund reg­u­la­tions,

3.

a change of fund man­age­ment com­pany and cus­todi­an bank,

4.¹

changes con­cern­ing the ex­ec­ut­ive of­ficers at the fund man­age­ment com­pany, SICAV or as­set man­ager of col­lect­ive in­vest­ment schemes,

5.

leg­al dis­putes;

h.

the per­form­ance of the open-ended col­lect­ive in­vest­ment scheme, pos­sibly bench­mark­ing it with com­par­able in­vest­ments;

i.

a brief re­port by the audit com­pany re­gard­ing the in­form­a­tion men­tioned above, as well as the items set out in Art­icle 90 in the case of real es­tate funds.

²The state­ment of net as­sets of the in­vest­ment fund and the bal­ance sheet of the SICAV must be pre­pared on the basis of mar­ket val­ues.

³A semi-an­nu­al re­port must be is­sued with­in two months after the end of the first half of the fin­an­cial year. The re­port con­tains an un­audited state­ment of net as­sets or un­audited bal­ance sheet and in­come state­ment, as well as in­form­a­tion as per Para­graph 1 let­ters b, c and e.

⁴The an­nu­al and semi-an­nu­al re­ports shall be filed with FINMA the latest at the time of pub­lic­a­tion.

⁵These are made avail­able for in­spec­tion free of charge to in­ter­ested parties for ten years.