Ordinance of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes

(Arts. 26 para. 3, 79, 80, 83 para. 4 CISA; Art. 35a para. 1 let. 1 and 39 CISO¹)

¹The is­sue and re­demp­tion price, or net as­set value, must be pub­lished in the print me­dia or elec­tron­ic plat­forms cited in the pro­spect­us each time units are is­sued and re­deemed.

²Prices for se­cur­it­ies funds and oth­er funds must also be pub­lished at least twice a month.

³Prices of the fol­low­ing col­lect­ive in­vest­ment schemes must be pub­lished at least once a month:

a.

real es­tate funds;

b.

col­lect­ive in­vest­ment schemes for which the right to re­deem at any time is re­stric­ted pur­su­ant to Art­icle 109 para­graph 3 CISO.

⁴The weeks and week­days on which pub­lic­a­tion takes place pur­su­ant to para­graphs 2 and 3 must be stated in the pro­spect­us.

⁵If the net as­set value is pub­lished, it must be flagged «ex­clus­ive of com­mis­sion».