Common use of The UCITS Clause in Contracts

The UCITS. LGT Select Funds (the “UCITS”) was established on 10 October 2006 in accordance with the laws of Liechtenstein and registered in the Liechtenstein commercial register in the form of a collective trusteeship and is authorized in accordance with the UCITS Act and the UCITS Ordinance. A collective trusteeship is the formation of an identically structured trust in terms of content with a number of investors for the purpose of asset investment and management for the account of the investors, whereby the individual investors participate on the basis of their share in the trust and are only personally liable up to the amount invested. The UCITS is an umbrella structure that may comprise of several Sub-Funds, which allocate invested capital in accordance with their respective investment policies set out in Annex A. The UCITS has been established for an unlimited period of time. The Sub-Funds may have a limited or unlimited duration, as set out in Annex A. Each of the Sub-Funds comprises one or more Classes that may be subject to different terms as set out in Annex A. By signing the Subscription Agreement for the purchase of Units, a Unitholder accepts and agrees to the provisions of the UCITS Documentation (including Sub-Fund-specific information in Annex A) and any amendments thereto which may be made in the future in accordance with the requirements of the FMA. The Sub-Funds may make investments in accordance with their specific investment policy as set out in Annex A. The net assets of each Sub-Fund or Class as well as the Net Asset Value of the Units of any such Sub-Funds or Classes are expressed in the relevant base currency (set out in Annex A).

The UCITS. LGT Select Funds (the “UCITS”) was established on 10 October 2006 in accordance with the laws of Liechtenstein and registered in the Liechtenstein commercial register in the form of a collective trusteeship and is authorized in accordance with the UCITS Act and the UCITS Ordinance. A collective trusteeship is the formation of an identically structured trust in terms of content with a number of investors for the purpose of asset investment and management for the account of the investors, whereby the individual investors participate on the basis of their share in the trust and are only personally liable up to the amount invested. The UCITS is an umbrella structure that may comprise of several Sub-Funds, which allocate invested capital in accordance with their respective investment policies set out in Annex A. The UCITS has been established for an unlimited period of time. The Sub-Funds may have a limited or unlimited duration, as set out in Annex A. Each of the Sub-Funds comprises one or more Classes that may be subject to different terms as set out in Annex A. By signing submitting the Subscription Agreement for the subscription application to purchase of Units, a Unitholder accepts and agrees to the provisions of the UCITS Documentation (including Sub-Fund-specific information in Annex A) and any amendments thereto which may be made in the future in accordance with the requirements of the FMA. The Sub-Funds may make investments in accordance with their specific investment policy as set out in Annex A. The net assets of each Sub-Fund or Class as well as the Net Asset Value of the Units of any such Sub-Funds or Classes are expressed in the relevant base currency (set out in Annex A).