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Covers payment of the costs associated with production and sales (management, asset management and sales compensation). The fund management must aim to generate adequate profit (equity regulations CISA 32 and CISO 48). Costs must be disclosed in the fund contract (CISA 26 III and CISO 38). Investors (or the investment fund) may not be encumbered with costs when investing in target funds linked with the fund management (CISA 31 IV and VI, CISO 73 IV); this means that no premiums or redemption commission is payable.

Term-Nr.: 555

German: Management Fee (527)

Source: SFO D15 2010 m. e. E., 24.04.2010

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