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 (Lux) I, SICAV (the “Investment Company”) makes available, in each Member State where it intends to market its Shares, facilities to perform the following tasks listed from a) to f).
Please note that in case of discrepancy, the conditions set out in the Sales Prospectus of the Investment Company 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 Sales Prospectus of the Investment Company.
As set out in the Prospectus of the Investment Company Credit Suisse Fund Services (Luxembourg) S.A. (the “Administrator”) will process all subscription and redemption orders from investors and make other relevant payments to investors in respect of the Investment Company:
Credit Suisse Fund Services (Luxembourg) S.A. can be contacted as per the following contact details:
5 rue Jean Monnet,
L-2180 Luxembourg,
Grand Duchy of Luxembourg
list.amluxclientservice@credit-suisse.com
Issue of Shares
Shares are issued at the issue price. If stamp duties or other charges are due in a country where Shares are issued, the issue price is increased accordingly.
Shares may be purchased via the Management Company, the Depositary, the Central Administrative Agent and the distribution and paying agents mentioned in the Sales Prospectus of the Investment Company as well as in the Appendix relevant to each Sub-Fund.
Shares are issued on each valuation date at the issue price, provided the Appendix relevant to the Sub-Fund in question does not provide otherwise.
Properly completed subscription requests for the purchase of Shares, received by the Central Administrative Agent on or before the cut-off time mentioned in the Appendix relevant to each Sub-Fund, shall be executed at the issue price on the determination date fixed for each Sub-Fund in the relevant Appendix, on the basis of the closing prices of the valuation date. For applications submitted to distributors abroad, earlier cut-off times may apply to ensure timely forwarding of any such applications to the Central Administrative Agent. The applicable cut-off times may be obtained from the relevant distributors.
The issuing of Shares shall occur upon receipt of the subscription price with correct value date by the Depositary.
Subject to compliance with any applicable minimum investment amount, the minimum transaction size for additional subscriptions is one (1) share unless stipulated otherwise in the Appendix of the relevant Sub-Fund.
The Investment Company may at any time, at its own discretion, without giving reasons, refuse a subscription request or temporarily restrict, suspend or permanently discontinue the issuing of Shares, or unilaterally redeem Shares against payment of the redemption price, where, in the interest of the shareholders, in the public interest, for the protection of the Investment Company or of the respective Sub-Fund or of the shareholders, this appears necessary.
Subscription requests are in principle irrevocable, except where the Management Company accepts the revocation. This does not apply to any statutory revocation rights in a jurisdiction where Shares of the Investment Company are distributed.
Minimum Subscription
Subscriptions may be subject to a minimum investment amount, which is set forth in the Appendix for each Sub-Fund. If such Appendix does not include an explicit minimum investment amount, such amount is one (1) share. Any minimum investment amounts apply to the shareholder of record. The Management Company may reject any application for subscription, which does not meet the applicable minimum investment amount. The Management Company may at its own discretion waive these minimum investment amounts in a specific case. It must, however, take into consideration the shareholders’ right to equal treatment.
Subject to compliance with any applicable minimum investment amount, the minimum transaction size for additional subscriptions is one (1) share unless stipulated otherwise in the Appendix of the relevant Sub-Fund.
Subscription Deadline
Properly completed subscription requests, received by the Central Administrative Agent after the cut-off time mentioned in the Appendix relevant to each Sub-Fund, shall be treated as if they had been received for the following valuation date.
Issue Price
Shares are issued at the issue price. If stamp duties or other charges are due in a country where Shares are issued, the issue price is increased accordingly.
Shares are issued on each valuation date at the issue price, provided the Appendix relevant to the Sub-Fund in question does not provide otherwise. The issue price is the net asset value per share, plus an issue premium (‘issue price’) in favour of the distribution agent, the maximum amount of which for the respective Sub-Funds is set forth in the respective appendices to the Sales Prospectus.
The issue price may be subject to an increase for fees or other charges in the respective countries of distribution.
Payment for Shares
The issue price must be paid to the Depositary within three business days from the relevant determination date in the appropriate Sub-Fund or share class currency, where the Appendix relevant to the Sub-Fund in question does not provide otherwise. Subscription payments shall be made in the currency in which the Shares in question are denominated, or, at the request of the investor and at the free discretion of the Central Administrative Agent, in another convertible currency. Payments are to be made by bank transfer in favour of the bank accounts of the Investment Company. Payment details can be found in the subscription request form.
Please consult the Sales Prospectus, in particular Section 16. “Issue, Redemption and Conversion of Shares” as well as the relevant Appendix to the Sub-Fund invested.
Please note that it might be that you cannot invest in all Classes and all Sub-Funds presented in the Sales Prospectus and its appendices, as it might be that they are not open for subscription in your country.
Shares are issued on each valuation date at the issue price, provided the Appendix relevant to the Sub-Fund in question does not provide otherwise. The issue price is the net asset value per share, plus an issue premium (‘issue price’) in favour of the distribution agent, the maximum amount of which for the respective Sub-Funds is set forth in the respective appendices to the Sales Prospectus.
An example of calculation of the issue price is presented below:
Net asset value per share EUR 100
+ issue premium (e.g. 5%) EUR 5
Issue price EUR 105
The issue price may be subject to an increase for fees or other charges in the respective countries of distribution.
Please consult the Sales Prospectus, in particular Section 16. “Issue, Redemption and Conversion of Shares” as well as the Appendix of the relevant Sub-Fund.
The shareholders are entitled to request the redemption or conversion of their Shares at any time through the distribution or paying agents, the Depositary, the Central Administrative Agent or the Management Company, at the redemption or conversion price fixed in accordance with the relevant Appendix for each Sub-Fund. This redemption or conversion is carried out in accordance with Article 17 of the Articles of Association.
In the event that substantial redemption requests are submitted, representing over 10% of the net assets of the relevant Sub-Fund, the Board of Directors reserves the right to execute the requests at the then applicable redemption price, only after a corresponding amount of assets were sold without delay while safeguarding the interests of the shareholders.
Where the execution of a redemption request would reduce the respective shareholder’s holdings in a certain share class to an amount below the minimum investment amount for that share class, as set forth in the respective Appendix for the Sub-Fund in question, the Investment Company may without further notice to the shareholder proceed on that redemption request as if it were a request for the redemption of all Shares held by the shareholder in the share class in question.
The Investment Company shall be authorised, subject to a resolution to that effect by the Board of Directors and the express consent of the shareholder in question, to effect payment of the redemption price to a shareholder in kind. In such case, investments from amongst the assets of the respective Sub-Fund, of a value equivalent to that of the redeemed Shares at the applicable redemption price for the corresponding valuation date, shall be transferred to the Shareholder. The value of the investments shall be calculated for the corresponding valuation date by the method described above in the section entitled ‘Calculation of the net asset value per share’. The nature of the assets to be transferred in such case is to be determined on a fair and reasonable basis, without prejudice to the interests of the other shareholders in the respective Sub-Fund, and the valuation method shall be subject to confirmation by a separate report to be prepared by the auditor appointed by the Investment Company. The costs of such a transfer shall be borne by the respective shareholder.
Please consult the Sales Prospectus, particularly under Section 16.4 “Redemption and conversion of Shares” and in the Appendix relevant to each Sub-Fund.
Shareholders shall be entitled to request at any time the redemption of their Shares at the net asset value per share, subject to deduction of any redemption fees, where applicable (‘redemption price’). Such redemption shall be executed on each valuation date as defined in the appropriate Appendix for the respective Sub-Fund. Where a redemption fee is charged, the maximum amount thereof for the respective Sub-Fund is set forth in the relevant Appendix.
The redemption price is subject to reduction in certain countries by the amount of taxes and other charges there accruing. Upon payment of the redemption price, the respective share is automatically cancelled.
Please consult the Sales Prospectus, particularly under Section 16.4 “Redemption and conversion of Shares” as well as the Appendix of the relevant Sub-Fund.
The payment of the redemption price shall be made within three business days following the corresponding valuation date in the respective Sub-Fund or share class currency, where the Appendix relevant to the Sub-Fund in question does not provide otherwise. Payment shall be made to an account to be designated by the shareholder.
Please consult the Sales Prospectus, particularly under Section 16.4 “Redemption and conversion of Shares” as well as the Appendix of the relevant Sub-Fund.
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 Investment Company, an investment company with variable capital in the form of a joint stock company (société d’investissement à capital variable (SICAV) – société anonyme) under the Laws of the Grand Duchy of Luxembourg. It was established under the form of an umbrella fund with one or more Sub-Funds, pursuant to Section I of the Luxembourg Law of 17 December 2010 on Undertakings for Collective Investments. The Investment Company was established on 23 July 2012.
The exclusive purpose of the Investment Company is to invest in transferable securities and/or other authorised assets in accordance with the principle of risk diversification pursuant to Part I of the Luxembourg Law of 17 December 2010 on Undertakings for Collective Investments. General investment principles and restrictions apply to all Sub-Funds, insofar as no amendments or additions thereto concerning the individual Sub-Funds are contained in the respective appendices to the Sales Prospectus. For more information, please consult the Sales Prospectus, in particular Section 10 “General Investment Principles and Restrictions”, Section 11 “Investment Limits” and Section 12 “Considerations Regarding Derivatives”.
The objective of the investment policy of the individual Sub-Funds is to achieve an appropriate level of performance in the respective Sub-Fund currency. The investment policies specific to the individual Sub-Funds are described for each Sub-Fund respectively in the appropriate Appendix to the Sales Prospectus as well as in the KIDsof 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 classes and all Sub-Fund(s) presented in the Sales Prospectus and its appendices, as it might be that they are not open for subscription in your country.
Please consult the Sales prospectus for more information as well as the Appendix of the relevant Sub-Fund.
The Shares of the Investment Company are unit certificates, whose prices are defined by the value fluctuations of the Sub-Fund’s assets. Therefore, it cannot be guaranteed that the objectives of the investment policy will be reached.
Investments in securities do not only offer the opportunity of increasing the invested capital, they also often entail significant risks.
The risks described in the Sales Prospectus are the general risks of investing in an investment fund. Depending on the focus of the investments within the individual Sub-Funds, the respective risks may be higher or lower. The risks related to the Shares of the Investment Company purchased by a shareholder are closely connected with the risks related to the assets held by the Investment Company and the investment strategy that it pursues.
Potential shareholders should be aware of the risks that an investment in an investment fund entails and seek advice from their personal investment advisor. It is recommended that the shareholders ask their investment advisors for regular updates on the development of the Investment Company.
Please refer to the Sales Prospectus, in particular Section 17 “Important Considerations Regarding The Investment Policy and Risk Assessment” as well as the risks specific to each Sub-Fund(s) disclosed in each Appendix to the Sales Prospectus.
The value of fund’s units is determined in particular by the price and value fluctuations of the funds’ assets, by the interest rates, dividends and other income and by the expenditures; it may therefore rise or fall.
A shareholder only achieves a profit through the sale of his Shares if their increase in value exceeds the issue premium paid at the time of their purchase, taking into account any redemption commission. The issue premium can reduce performance for the shareholder or even result in a loss if the investment period is short. If the shareholder sells Shares of the Investment Company at a time when the price of the securities held by the Investment Company has fallen in comparison with the time when the Shares were purchased, then the shareholder does not recover the money invested in the Investment Company, or not in its entirety. The risk to the shareholder is, however, limited to the sum invested. There is no duty to make any additional contribution in excess of the money invested by the shareholder.
Please refer to the Sales Prospectus, in particular Section 17 “Important Considerations Regarding The Investment Policy and Risk Assessment” as well as the risks specific to each Sub-Fund(s) disclosed in each Appendix to the Sales Prospectus.
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/share 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 shareholders 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 Investment Company or any Sub-Fund. The requirement to pay such taxes will be according to the laws and practices of the country where the Shares are purchased, sold, held or redeemed and in the country of residence or nationality of the Shareholder 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 Investment Company will endure indefinitely. Prospective investors and shareholders 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 shareholders 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, Shares 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.
Under the terms of the FATCA Law and the CRS Law (as defined below in sections 26 and 27 respectively) the Investment Company is likely to be treated as a Reporting (Foreign) Financial Institution. As such, the Investment Company and its delegates may require all investors to provide documentary evidence of their tax residence and all other information deemed necessary to comply with the above mentioned regulations. Should the Investment Company become subject to a withholding tax and/or penalties as a result of a non-compliance under the FATCA Law and/or penalties as a result of a non-compliance under the CRS Law, the value of the Shares held by all shareholders may be materially affected.
Furthermore, the Investment Company may also be required to withhold tax on certain payments to its shareholders who would not be compliant with FATCA (i.e. the so-called foreign passthru payments withholding tax obligation).
A shareholder will not become resident, nor be deemed to be resident, in Luxembourg, by reason only of the holding of the Shares, or the execution, performance, delivery and/or enforcement of its right and obligations under the Shares.
Please refer to the Sales Prospectus, in particular Section 18 “FATCA and CRS”, and Section 25. “Luxembourg Tax considerations”, in particular sub-section 25.2 “Taxation of the Shareholders".
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 Sales Prospectus, the KIDs, the most recent Annual Report and most recent Semi-annual Report as well as a copy of the Investment Company’s Articles of Association.
Copies of the following documents may be obtained from the Investment Company and inspected free of charge at the registered office of the Investment Company during usual business hours during a Business Day and at the offices of LGT Capital Partners (Ireland) Limited (please refer to the Directory section of the Sales Prospectus):
· the Articles of Association;
· once published, the latest Annual and Semi-annual reports relating to the Investment Company.
Copies of the Sales Prospectus and the up-to-date KIDs may also be obtained by Shareholders on https://www.lgtcp.com/en/regulatory-information/ (click on “offering”) or such other website as may be notified to shareholders in advance from time to time.
Each Class that is available for subscription will have a KID issued for the relevant country of residence of the investor. While some Shares are described in the Appendix for the relevant Sub-Fund as available, these Shares may not currently be offered for subscription and in that event a KID may not be available.
Past performance of each of the Sub-Funds (including Shares), once available, shall be disclosed on the LAFV's website (www.lafv.li) and in the relevant KID. The historical performance is available on https://www.lgtcp.com/en/investment-solutions.
The current net asset value per Share, the issue price and the redemption price, as well as all other information for Shareholders, is available on request at any time at the registered offices of the Investment Company, the Management Company, the Depositary, and the paying agents.
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 Investment Company, in accordance with the conditions set out in the Sales Prospectus and Key Investor Information Documents: Credit Suisse Fund Services (Luxembourg) S.A.,
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 Investment Company in the Member State where the Investment Company 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 the point a), please feel free to reach out to:
Credit Suisse Fund Services (Luxembourg) S.A.
5 rue Jean Monnet,
L-2180 Luxembourg,
Grand Duchy of Luxembourg
list.amluxclientservice@credit-suisse.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.
