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 Global UCITS (the “Fund”) 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 Fund 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 Fund.
As set out in the Prospectus of the Fund, BNP Paribas Fund Administration Services Ireland Limited (the “Administrator”) will process all subscription and redemption orders from investors and make other relevant payments to investors in respect of the Fund.
BNP Paribas Fund Administration Services Ireland Limited can be contacted as per the following contact details:
BNP Paribas Fund Administration Services Ireland Limited
Trinity Point,
10-11 Leinster Street South,
Dublin 2
Ireland
LGTDealing@bnpparibas.com
Subscriptions for Units
The Manager is given authority to effect the issue of Units and to create new Classes of Units (in accordance with the requirements of the Central Bank of Ireland) and has absolute discretion to accept or reject in whole or in part any application for Units.
Issues of Units will normally be made with effect from a Dealing Day in respect of applications received on or prior to the Dealing Deadline.
An initial application for Units may only be made by Application Form along with supporting documentation in relation to money laundering prevention checks which may be sent to the Administrator by facsimile or by email, the signed original of which, in addition to the original or certified supporting documentation in relation to money laundering prevention checks, shall be delivered to the Administrator promptly.
The Application Form contains certain conditions regarding the application procedure for Units in the Fund and certain indemnities in favour of the Fund, the relevant Sub-Fund, the Administrator, the Depositary and the other Unitholders for any loss suffered by them as a result of certain applicants acquiring or holding Units.
Subsequent applications may be made to the Administrator by letter, by email or facsimile, or by using an established electronic dealing platform. Following the initial application, subsequent requests by facsimile or by email will be treated by the Administrator as definite orders even if not subsequently confirmed by letter after acceptance by the Administrator and will not be capable of withdrawal. Subsequent applications for Units will only be accepted electronically provided all anti-money laundering
documentation has been received and where an applicant has accepted the terms and conditions of use of such service.
While an initial application for Units may only be made using an original Application Form as set out above, and must be supported by the appropriate documentation in relation to money-laundering prevention checks, subsequent applications for Units may also be made using an established electronic dealing platform.
Minimum Subscription
The Minimum Initial Investment Amount for Units of each Sub-Fund that may be subscribed for by each
investor on initial application and the Minimum Unitholding of Units of each Sub-Fund is set out in the relevant Supplement. The Manager reserves the right from time to time to waive any requirements if any relating to the Minimum Initial Investment Amount and the Minimum Unitholding as and when they determine, at their reasonable discretion.
Dealing Deadline
Provided applications are received before the Valuation Point, the Manager may at its sole discretion accept a subscription application and / or subscription monies after the relevant Dealing Deadline in exceptional circumstances. Issues of Units will normally be made with effect from a Dealing Day in respect of applications received on or prior to the Dealing Deadline. Requests received after the Dealing Deadline will be processed on the next following Dealing Day save in exceptional circumstances as the directors of the Manager may in their absolute discretion determine and provided they are received before the Valuation Point for the relevant Dealing Day. Dealing Days and Dealing Deadlines relating to each Sub-Fund are specified in the relevant Supplement.
Issue Price
On the Initial Subscription Day for each Sub-Fund, the Initial Offer Price for Units in the relevant Sub-Fund shall be the amount set out in the relevant Class Supplement. The issue price at which Units of any Sub-Fund will be issued on a Dealing Day after the Initial Subscription Day is calculated by ascertaining the Net Asset Value per Unit of the relevant Class on the relevant Dealing Day. The up-to-date Net Asset Value per Unit for each Class shall be made available on the internet at www.lgt.com or such other website as the Investment Manager may notify to Unitholders in advance from time to time, and updated following each calculation of the Net Asset Value. In addition, the Net Asset Value per Unit for each Class may be obtained from the office of the Administrator during normal business hours in Ireland. A Subscription Charge of a percentage of the Initial Offer Price or the Net Asset Value per Unit, as appropriate, which shall be disclosed in the relevant Supplement, may be charged by the Manager for payment to the Sub-Distributor on the issue of Units. Further details of this Subscription Charge, if any, will be set out in the relevant Supplement.
Payment for Units
Payment in respect of the issue of Units must be made by the relevant Subscription Payment Day by electronic transfer in cleared funds in the currency of denomination of the relevant Class of the Units in accordance with the process as set out in the sub-section entitled ‘Subscriptions of Units’ of the relevant Supplement. The Administrator may, at its discretion, accept payment in other currencies, but such payments will be converted into the currency of denomination of the relevant Class of the Units at the then prevailing exchange rate available to the Administrator and only the net proceeds (after deducting the conversion expenses) will be applied towards payment of the subscription moneys. This may result in a delay in processing the application.
For more information, please consult the Prospectus, in particular Section 2.1 “Subscription for Units”.
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.
A Subscription Charge of a percentage of the Initial Offer Price or the Net Asset Value per Unit, as appropriate, which shall be disclosed in the relevant Supplement, may be charged by the Manager for payment to the Sub-Distributor on the issue of Units. Further details of this Subscription Charge, if any, will be set out in the relevant Supplement.
Please consult the Prospectus, in particular Section 2. “Units Dealing” and 4. “Fees and Expenses” of the Prospectus, as well as the Supplement related to the relevant Sub-Fund.
Requests for the repurchase of Units should be made to the Manager care of the Administrator and may be made by fax, by email or in writing, or by using an established electronic dealing platform. Requests by facsimile and by email will be treated as definite orders even if not subsequently confirmed in writing. Such redemption requests shall only be processed where payment is made to the account of record. Requests for the repurchase of Units will not be capable of withdrawal after acceptance by the Administrator. Where requests for the repurchase of Units is made by facsimile, the original Application Form must be received by the Manager care of the Administrator before any Repurchase Proceeds will be paid out.
Repurchase requests may also be made using an established electronic dealing platform. Repurchase requests will only be accepted electronically where the Unitholder has accepted the terms and conditions of use of such service, and all necessary anti-money laundering documentation has been received and processed by the Administrator.
A repurchase request will not be capable of withdrawal after acceptance by the Administrator. If requested, the Manager may, in its absolute discretion and subject to the prior approval of the Depositary and advance notification to all of the Unitholders, agree to designate additional Dealing Days and Valuation Points for the repurchase of Units relating to any Sub-Fund.
Provided applications are received before the Valuation Point, the Manager may in exceptional circumstances at its sole discretion accept a repurchase request received after the relevant Dealing Deadline as set out in the relevant Supplement.
An applicant may request the repurchase of all or part of its Units of any Class of a Sub-Fund.
The Administrator will not accept repurchase requests, which are incomplete, until all the necessary information is obtained.
The amount due on repurchase of Units will be paid by telegraphic transfer at the risk and expense of the relevant Unitholder to an account in the name of the Unitholder in the Base Currency of the relevant Sub-Fund (or in such other currency as the Manager shall determine and agree in advance with the relevant Unitholders) by the Repurchase Payment Day. Payment of Repurchase Proceeds will be made to the registered Unitholder or in favour of the joint registered Unitholders as appropriate.
Please refer to the Prospectus, in particular to Section 2. “Unit Dealing” and to the Supplement of the relevant Sub-Fund.
The Repurchase Price at which Units will be repurchased on a Dealing Day is the Net Asset Value per Unit of the relevant Class on the relevant Valuation Day. The Repurchase Proceeds are the Repurchase Price less any applicable Repurchase Charge and any applicable taxes.
The Repurchase Charge, if any, is disclosed in the Supplement of the relevant Sub-Fund.
Please refer to the Prospectus, in particular to Section 2. “Units Dealing” and to the Supplement of the relevant Sub-Fund.
The amount due on repurchase of Units will be paid by telegraphic transfer at the risk and expense of the relevant Unitholder to an account in the name of the Unitholder in the Base Currency of the relevant Sub-Fund (or in such other currency as the Manager shall determine and agree in advance with the relevant Unitholders) by the Repurchase Payment Day.
Please refer to the Prospectus, in particular under 2.2.3. “Payment of Repurchase Proceeds” and the relevant Supplement for each Sub-Fund, under the definition of “Repurchase Payment Day”.
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 Class of a Sub-Fund of the Fund. The Fund was authorised on 22 December 2014 by the Central Bank of Ireland as an open-ended umbrella unit trust established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011, as amended.
The Fund has adopted an “umbrella” structure to provide investors with a choice of different sub-funds. Each Sub-Fund will be differentiated by its specific investment objective, policy, currency of denomination or other specific features as described in the relevant Supplement. A separate pool of assets is maintained for each sub-fund and is invested in accordance with each Sub-Fund’s respective investment objective.
Each Sub-Fund seeks to achieve a specific investment strategy and policy that can be consulted within the Prospectus, in the relevant Supplement related to each Sub-Fund, 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 Prospectus and its Supplements, as it might be that they are not open for subscription in your country.
Please refer to the Prospectus of the Fund for more information.
The investments of the Fund in securities are subject to normal market fluctuations and other risks inherent in investing in securities. The value of investments and the income from them, and therefore the value of and income from Units relating to each Sub-Fund can go down as well as up and an investor may not get back the amount he invests. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. Due to the Subscription Charge which may be payable on the issue of Units, an investment in Units should be viewed as medium to long term. An investment in a Sub-Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
Due to adverse market movements the Sub-Fund may become valueless.
Subject to the investment restrictions applicable to the relevant Sub-Fund, the Sub-Fund may invest a portion of its assets in unquoted investments. Such investments will be valued at the probable realisation value as determined in accordance with the provisions set out in the Calculation of Net Asset Value/Valuation of Assets section below. Estimates of the probable realisation value of such investments are inherently difficult to establish and are the subject of substantial uncertainty. The Fund may consult the Investment Manager with respect to the valuation of unquoted investments. There is an inherent conflict of interest between the involvement of the Investment Manager in determining the valuation price of a Sub-Fund’s investments and the Investment Manager’s other responsibilities. The income and gains of a Sub-Fund from its assets may suffer withholding tax which may not be reclaimable in the countries where such income and gains arise. If this position changes in the future and the application of a lower rate results in a repayment to the relevant Sub-Fund, the Net Asset Value will not be re-stated and the benefit will be allocated to the existing Unitholders of the relevant Sub-Fund rateably at the time of repayment.
Please refer to the Prospectus, in particular Section 5. “Risk Factors” as well as to the Supplement to the Prospectus for the relevant Sub-Fund.
The value of investments and the income from them, and therefore the value of and income from Units relating to each Sub-Fund can go down as well as up and an investor may not get back the amount he invests.
Due to adverse market movements the Sub-Fund may become valueless.
Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. Due to the Subscription Charge which may be payable on the issue of Units, an investment in Units should be viewed as medium to long term.
Please refer to the Prospectus, in particular Section 5. “Risk factors” as well as to the Supplement to the Prospectus for the relevant Sub-Fund.
Past performance is not an indicator of future returns. 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 (Ireland) Limited
Third Floor
30 Herbert Street
Dublin 2
Ireland
+353 1 433 7420
+353 1 433 7425
lgt.cp@lgtcp.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/unit 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 (Ireland) Limited 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 Fund 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 in the Fund is made will endure indefinitely, as the basis for and rates of taxation can fluctuate. 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, residence and domicile. The Manager recommends that Unitholders obtain tax advice from an appropriate source in relation to the tax liability arising from the holding of Units in the Fund and any investment returns from those Units.
Please refer to the Prospectus, in particular to Section 7 “Taxation” as well as into the Supplement of the relevant Sub-Fund.
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 Trust Deed.
In addition, the following documents may be provided in a durable medium (which shall include in writing and/or by electronic mail) or in an electronic format on a website designated by the Manager (LGT Capital Partners (Ireland) Ltd) for this purpose (www.lgt.com) or such other website as the Manager may notify to Unitholders in advance from time to time).
A copy in writing of such documents shall be provided to Unitholders on request, free of charge:
- the Prospectus;
- once published, the latest annual and half yearly reports of the Fund; and
- KID.
In addition, copies of the following documents may be obtained free of charge from the registered office of the Manager in Ireland during normal business hours, on any Business Day:
- the Trust Deed; and
- once published, the latest annual and half yearly reports of the Fund.
An up-to-date version of the KID shall be made available for access in an electronic format on www.lgt.com. In the event that the Manager proposes to register one or more Sub-Funds for public offering in other EU Member States, it shall make the following additional documentation available on such website:
- the Prospectus;
- once published, the latest annual and half yearly reports of the Fund;
- the Trust Deed.
Copies of the Prospectus and the up-to-date KIDs may also be obtained by Unitholders on https://www.lgtcp.com/en/regulatory-information/ (click on “offering”) or such other website as may be notified to Unitholders in advance from time to time.
Each Units that is available for subscription will have a KID issued in accordance with the Central Bank Rules. While some Units are described in the Supplement for the relevant Sub-Fund as available, these Units 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 KID as well as on the website https://www.lgtcp.com/en/investment-solutions.
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 Fund, in accordance with the conditions set out in the Prospectus and Key Investor Information Documents: BNP Paribas Fund Administration Services Ireland Limited,
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 Fund in the Member State where the Fund 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:
BNP Paribas Fund Administration Services Ireland Limited
Trinity Point,
10-11 Leinster Street South,
Dublin 2
Ireland
LGTDealing@bnpparibas.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.