UCITS. The UCITS was approved by the FMA on 10 October 2006 and registered in the Liechtenstein commercial register on 17 October 2006. 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 a collective trusteeship. 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 investors, whereby the individual investors participate on the basis of their share in the trust and are, subject to violations of the Unit Trust Agreement, only personally liable up to the amount invested. 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. Each of the Sub-Funds comprises one or more Classes to which different terms may apply, as set out in Annex A. By purchasing Units, a Unitholder accepts and agrees, without restrictions, to the provisions of the UCITS Documentation (including Sub-Fund-specific information in Annex A).
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Sources: Unit Trust Agreement, Unit Trust Agreement