According to Article 92 of the Directive 2009/65/EC of 13 July 2009, as amended by Directive (EU) 2019/1160 of 20 June 2019, LGT Funds SICAV (the “UCITS”) makes available, in each Member State where it intends to market its Units, facilities to perform the following tasks listed from a) to f).
Please note that in case of discrepancy, the conditions set out in the Prospectus of the UCITS shall prevail. The below has an informative purpose only and is provided pursuant to Article 92 of the Directive 2009/65/EC of 13 July 2009.
Defined terms used within this document, and which are not otherwise defined within this document, shall have the same meaning as assigned within the Prospectus of the UCITS.
As set out in the Prospectus of the UCITS, LGT Bank Ltd. (the “Administrator”) will process all subscription and redemption orders from investors and make other relevant payments to investors in respect of the UCITS.
LGT Bank Ltd. can be contacted as per the following contact details:
LGT Bank Ltd.,
Herrengasse 12,
9490 Vaduz,
Liechtenstein
info@lgt.com
Issue of Units
Initially, Units may be purchased on the Initial Subscription Day at the Initial Subscription Price. Thereafter, Units are available at the Subscription Price on each Subscription Day.
Requests for subscription must be received by the Depositary on or before the Subscription Deadline.
Subject to compliance with the relevant requirements for subscription in a Sub-Fund, a subscriber becomes a Unitholder and starts his or her participation in the Units performance on and from the relevant Subscription Day.
No Units shall be issued unless full details of registration have been completed and all anti-money laundering requirements met.
Units will be in registered form only, and no unit certificates will be issued. A confirmation notice will be sent by the Depositary to subscribers whose application has been accepted after the Net Asset Value per Unit and the number of Units issued to the subscribers have been determined.
The UCITS or the Management Company on behalf of the UCITS, acting in the best interest of the Unitholders, may at any time reject subscription applications or temporarily limit, suspend or ultimately discontinue the issue of Units, in which case any payments received in respect of subscription applications not yet processed will be returned without interest to the accounts from which they were originally debited (see section “Anti-Money Laundering and Countering Terrorist Financing Measures” of the Prospectus).
No Units may be issued during a period of suspension of determination of Net Asset Value, Net Asset Value per Class or Net Asset Value per Unit or during a period for which the UCITS or the Management Company, acting on behalf of the UCITS, has declared a suspension of the issue of Units in one or more Class. No application for Units made during the period of such suspension shall be accepted by the Depositary.
A subscriber may not withdraw his or her subscription request once it has been submitted and received by the Depositary, unless the UCITS or the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part.
Minimum Subscription
The minimum initial subscription and the minimum additional subscription for Units per Unitholder in respect of each Sub-Fund are set out in Annex A to the Articles of Association of the UCITS.
Dealing Deadline
Applications received after the Subscription Deadline will be recorded for subscription on the next following Subscription Day.
Subscription Price
For each Sub-Fund, Units in each Class will be offered to investors on the Initial Subscription Day at the Initial Subscription Price as set out in Annex A to the Articles of Association of the UCITS for each Sub-Fund, subject to any Subscription Fee (see Annex A) as well as relevant taxes, levies or charges (see Section “Charges and Expenses” of the Prospectus).
Following the Initial Subscription Day, the Units will be valued on the relevant Valuation Day. Thus, following the Initial Subscription Day, the subscription price per Unit will be the Net Asset Value per Unit in respect of the Valuation Day which falls on the Subscription Day at which the Units are issued (the Subscription Price) plus the Subscription Fee, if such fee is applicable, as set out in Annex A to the Articles of Association for each Sub-Fund and subject to relevant taxes, levies or charges.
Payment for Units
Unless the subscriber has made arrangements with the Management Company or the Depositary to make payment in some other currency or by other method, payment must be made in the Units currency by the method set out in the Prospectus. Should other arrangements be made, application monies other than in the Units currency will be converted into the Units currency and all bank charges and other conversion costs will be deducted from the application monies prior to investment in Units.
Full payment for Units must be received by the Depositary on or before the Subscription Payment Day as set out in Annex A to the Articles of Association for each Sub-Fund. The UCITS or the Management Company on behalf of the UCITS may accept payment in securities, commodities, other financial instruments or other interests (the “In-specie Subscription” as defined in the Prospectus of the UCITS), or partly in cash and partly in specie, provided that such assets fall within the investment objective, policy and restrictions of the relevant Sub-Fund and the transfer of the said assets is in line with the tactical investment policy of the Management Company.
Unless the UCITS or the Management Company on behalf of the UCITS determines otherwise, no Units will be issued until the relevant application monies and/or assets have been received in full by the Sub-Fund.
Please consult the Articles of Association and Prospectus, in particular Section 7 “Investing in the UCITS” of the Prospectus.
Please note that it might be that you cannot invest in all Units and all Sub-Funds presented in the Prospectus and its Supplements, as it might be that they are not open for subscription in your country.
The Management Company may charge a Subscription Fee as described in Annex A to the Articles of Association as a percentage of the Subscription Price. All or part of the Subscription Fee may, at the discretion of the Management Company, be retained by the Management Company, paid to the Depositary and/or the distributors.
Please consult the Articles of Association and Prospectus, in particular Section 7 “Investing in the UCITS” and Section 11 “Charges and Expenses” of the Prospectus as well as the section related to the relevant Sub-Fund in Annex A to the Articles of Association of the UCITS.
Redemption requests for Units must be submitted using a redemption form, as provided by the Depositary upon request or by using an established electronic dealing platform.
A partial redemption may be in an amount not less than the Minimum Redemption Amount as set out in Annex A to the Articles of Association for each Sub-Fund, which amount is subject to waiver, decrease or increase by the UCITS or the Management Company on behalf of the UCITS. It is expected that a Unitholder’s remaining investment in the Units will be at least the Minimum Holding Amount as set out in in Annex A to the Articles of Association for each Sub-Fund, which amount is subject to waiver, decrease or increase by the UCITS or the Management Company on behalf of the UCITS.
Units may be redeemed on a Redemption Day. Requests for redemption must be received by the Depositary on or before the Redemption Deadline. Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day. Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A to the Articles of Association for each Sub-Fund.
Whether Units are voluntarily or compulsorily redeemed, the redemption proceeds may be paid in cash, or, subject to the consent of a Unitholder, in securities, commodities or other financial instruments or other interests (the “In-specie Redemption”) or in any combination thereof.
When cash is distributed for a redemption, the proceeds will generally be paid in the Units currency by wire transfer with no interest earned on such settlement. All costs of effecting any money transfer will be borne by the Unitholders and may be deducted from the redemption monies.
Please consult the Articles of Association and Prospectus, particularly under the Section 7.3 “Redemption of Units” of the Prospectus as well as the section related to the relevant Sub-Fund in Annex A to the Articles of Association of the UCITS.
Units will be redeemed at the Redemption Price less the Redemption Fee, if such fee is applicable as set out in Annex A to the Articles of Association for each Sub-Fund and subject to relevant taxes, levies or charges.
The Management Company may charge a Redemption Fee as described in Annex A to the Articles of Association as a percentage of the Redemption Price. All or part of the Redemption Fee may, at the discretion of the Management Company, be retained by the Management Company, paid to the Depositary and/or the distributors.
Please consult the Articles of Association and Prospectus, particularly in Section 11 “Charges and Expenses” of the Prospectus as well as Annex A to the Articles of Association (sections related to the Sub-Funds).
Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A to the Articles of Association for each Sub-Fund.
Please refer to the Articles of Association and Prospectus, in particular to Section 7.3.2 “Redemption Procedure” of the Prospectus and to the section related to the relevant Sub-Fund within Annex A to the Articles of Association of the UCITS.
You can contact:
LGT Capital Partners Ltd.
Schützenstrasse 6
CH-8808 Pfäffikon
Liquid Strategies & Investment Structuring (LSIS)
lgt.cp.ls-legal@lgtcp.com
You are investing in a Units of a Sub-Fund of the UCITS, an investment company with variable capital established under the laws of Liechtenstein as an undertaking for collective investment in transferable securities. The UCITS was established and entered into the Liechtenstein commercial register on 7 February 2003 and approved by the FMA as an undertaking for collective investment in transferable securities under the UCITS Act. 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 an investment company with variable capital.
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 to the Articles of Association.
Each Sub-Fund constitutes a pool of assets and liabilities separate from other sub-funds of the UCITS, and, under Liechtenstein law, the assets of any one sub-fund are not available to meet the liabilities of another Sub-Fund. As such, the assets and liabilities of each Sub-Fund are segregated from the assets and liabilities of the other Sub-Funds.
Each Sub-Fund seeks to achieve a specific investment strategy and policy that can be consulted in Annex A to the Articles of Association, under the relevant Sub-Fund Section, and in the KIDs of the invested Sub-Fund that are available on https://www.lgtcp.com/en/regulatory-information/.
Please note that it might be that you cannot invest in all Units and all Sub-Funds presented in the Annex A to the Articles of Association, as it might be that they are not open for subscription in your country.
Please refer to the Articles of Association and Prospectus of the UCITS for more information, as well as to the section related to the relevant Sub-Fund within Annex A to the Articles of Association of the UCITS.
Potential investors should be aware that an investment in a Sub-Fund may be exposed to other risks of an exceptional nature from time to time. Investment in the Sub-Funds carries with it a degree of risk. Different risks may apply to different Sub-Funds and/or Units, as described in detail within the Prospectus and/or in Annex A to the Articles of Association. Prospective investors should review the Prospectus of the UCITS and the relevant Annex carefully and, in its entirety, and consult with their professional and financial advisers before making an application for Units.
Prospective investors are advised that the value of Units and the income from them may go down as well as up and, accordingly, an investor may not get back the full amount invested, and an investment should only be made by persons who can sustain a loss on their investment and are capable of evaluating the risks of the investment. Past performance of any Sub-Fund of the UCITS or the sub-funds of any other investment scheme managed by the Management Company should not be relied upon as an indicator of future performance. The attention of potential investors is drawn to the taxation risks associated with investing in the UCITS.
The securities and instruments in which the UCITS invests are subject to normal market fluctuations and other risks inherent in investing in such investments and there can be no assurance that any appreciation in value will occur.
Please refer to the Articles of Association and Prospectus, in particular Section 5. “Risk Factors” of the Prospectus as well as to Annex A to the Articles of Association (sections related to each Sub-Fund).
Prospective investors are advised that the value of Units and the income from them may go down as well as up and, accordingly, an investor may not get back the full amount invested, and an investment should only be made by persons who can sustain a loss on their investment and are capable of evaluating the risks of the investment.
Please refer to the Articles of Association and Prospectus, in particular Section 5 “Risk factors” of the Prospectus as well as Annex A to the Articles of Association (sections related to each Sub-Fund).
Past performance of any Sub-Fund of the UCITS or the sub-funds of any other investment scheme managed by the Management Company should not be relied upon as an indicator of future performance.
Past performances are disclosed for each class in the relevant KID. KIDs are available on https://www.lgtcp.com/en/investment-solutions.
You can access in particular the Information on Complaints Management and the Information on Investor Rights, in English, at https://www.lgtcp.com/en/regulatory-information/.
Client complaints may be communicated in writing (e.g. by letter, e-mail or fax or by using the complaint form on the homepage) or verbally (e.g. in person or by telephone) free of charge to:
LGT Capital Partners (FL) Ltd.
Herrengasse 12
9490 Vaduz
Liechtenstein
+423 235 25 25
+423 375 49 90
lgt.cp@lgt.com
To handle your complaint, we need the following information from you:
- Contact details (first name, last name, address, telephone no., e-mail address)
- Name of fund/sub-fund/class and ISIN number or securities number (if your compliant refers to a fund)
- Reason for complaint and what it relates to
- Client's proof at the time the reason for the complaint occurred (if your compliant refers to a fund).
LGT Capital Partners (FL) Ltd. will ensure that once we receive your complaint, it is handled swiftly and competently and that you receive a written reply after we have investigated the complaint.
You may send your complaint in English, German, Italian or Spanish.
For further information, please refer to the Complaints Management document on https://www.lgtcp.com/en/regulatory-information/.
Prospective investors and Unitholders should be aware that they may be required to pay income tax, withholding tax, capital gains tax, wealth tax, stamp taxes or any other kind of tax on distributions or deemed distributions from the UCITS or any Sub-Fund. The requirement to pay such taxes will be according to the laws and practices of the country where the Units are purchased, sold, held or redeemed and in the country of residence or nationality of the Unitholder and such laws and practices may change from time to time.
As is the case with any investment, there can be no guarantee that the tax position or proposed tax position prevailing at the time an investment is made in the UCITS will endure indefinitely. Prospective investors and Unitholders should consult their tax advisors with respect to their particular tax situations and the tax consequences of an investment in a particular Sub-Fund.
Prospective Unitholders should familiarise themselves with and, where appropriate, take advice on the laws and regulations (such as those relating to taxation and exchange controls) applicable to the subscription for, and the holding and repurchase of, Units in the places of their citizenship, place of residence and their (residence) domicile or in which they are founded, or to contact their own tax advisors.
Please refer to the Articles of Association and Prospectus, in particular Section 10 “Tax Provisions” of the Prospectus and to the section related to the relevant Sub-Fund, in Annex A to the Articles of Association, under “Taxes”.
Please also refer to the version of the Prospectus for your country of residence, as it may contain additional information on taxation specificities applicable in your country.
Any investor or potential investor may turn to LGT Capital Partners Ltd., Schützenstrasse 6, CH-8808 Pfäffikon to request to be given free of charge a copy of the Prospectus, the KIDs, the most recent Annual Report and most recent Semi-annual Report as well as a copy of the UCITS’ Articles of Association.
In addition, the UCITS’ Documentation and the KIDs, together with the most recent annual and semi-annual reports, are available, free of charge, in permanent data carrier format from the Management Company, the Depositary, the paying agents for the UCITS and all other authorized distributors for the Sub-Funds in Liechtenstein and abroad, as well as on the website of the LAFV at www.lafv.li.
Further information regarding the UCITS and/or the Sub-Funds is also available at www.lgtcp.com/en/regulatory-information or from the registered offices of the UCITS, the Management Company and the Depositary.
Each Class that is available for subscription will have a KID issued for the relevant country of residence of the investor. While some Classes are described in the Supplement for the relevant Sub-Fund as available, these Classes may not currently be offered for subscription and in that event a KID may not be available.
Nav and past performance of each of the Sub-Funds (including Units), once available, shall be disclosed on the LAFV's website (www.lafv.li) and in the relevant KIDs. The historical performance is available on https://www.lgtcp.com/en/investment-solutions.
In addition, the sale and purchase prices of the shares of the UCITS and any investor notifications are available at the registered office of the UCITS, and on the website www.lgtcp.com/en/regulatory-information.
The following entities are in charge of the following tasks. The contact details are disclosed under the section below “Who should you contact if you have additional questions?”
a) Processing the subscription, repurchase and redemption orders and makes other payments to investors relating to the Units of the UCITS, in accordance with the conditions set out in the Prospectus and Key Investor Information Documents: LGT Bank Ltd.,
b) Providing investors with information on how orders referred to point a) above can be made and how repurchase and redemption proceeds are paid: LGT Capital Partners Ltd,
c) Facilitate the handling of information the handling of information and access to procedures and arrangements referred to in Article 15 Directive 2009/65/EG relating to the investors' exercise of their rights arising from their investment in the UCITS in the Member State where the UCITS is marketed: LGT Capital Partners Ltd,
d) Make the information and documents required pursuant to Chapter IX of Directive 2009/65/EC available to investors under the conditions laid down in Article 94 of Directive 2009/65/EC, for the purposes of inspection and obtaining copies thereof: LGT Capital Partners Ltd,
e) Provide investors with information relevant to the tasks that the facilities perform in a durable medium: LGT Capital Partners Ltd,
f) Act as a contact point for communicating with the competent authorities: LGT Capital Partners Ltd.
If you have any further questions that are not listed on this webpage, for questions related to point a), please feel free to reach out to:
LGT Bank Ltd.,
Herrengasse 12,
9490 Vaduz,
Liechtenstein
info@lgt.com
You may reach out to the following entity for questions related to the points b) to f) of the facilities list:
LGT Capital Partners Ltd.
Schützenstrasse 6
CH-8808 Pfäffikon
Liquid Strategies & Investment Structuring (LSIS)
lgt.cp.ls-legal@lgtcp.com
These entities will respond to your question(s) by email within a reasonable timeframe in one of the official language(s) of your country, or in English, where acceptable.