Fund assets

Fund assets signify the entire assets of an investment fund. They are calculated daily and comprise various assets. Fund assets are reduced by costs and fees incurred in the fund, e.g. management fees, custodian fees and transaction costs. Their value changes with the price of the assets included in the fund, with the issue and redemption of fund units and with distributions to unit holders. The fund assets constitute special assets and are co-owned by the unit holders. This means that unit holders cannot lose their assets, even if the investment company or custodian bank is liquidated.