Common use of Units and Unitholder Rights Clause in Contracts

Units and Unitholder Rights. The Management Company may resolve to create one or more Classes of Units for any Sub-Fund or to terminate or consolidate existing Classes. The Classes may differ with respect to the application of income; distribution policy; subscription fees; redemption fees; denomination; currency hedging; remuneration for management; operations or other services; the minimum investment and minimum holding amount; distribution network; qualifying investors or other relevant differentiating terms / characteristics. As a result, due to the aforementioned differences in the terms / characteristics of a specific Class, the investment performance may vary across different Classes of a Sub-Fund despite the fact that all Classes of such Sub- Fund participate in the same portfolio of assets. The Units do not confer voting rights. There will be no general meetings of the Unitholders. For further information in relation to Units and Classes of Units please see section 7 below entitled “Investing in the UCITS”.

Units and Unitholder Rights. The Management Company may resolve to create one or more Classes of Units for any Sub-Fund or to terminate or consolidate existing Classes. The Classes may differ with respect to the application of income; distribution policy; subscription fees; redemption fees; denomination; currency hedging; remuneration for management; operations or other services; the minimum investment and minimum holding amount; distribution network; qualifying investors or other relevant differentiating terms / characteristics. As a result, due to the aforementioned differences in the terms / characteristics of a specific Class, the investment performance may vary across different Classes of a Sub-Fund despite the fact that all Classes of such Sub- Sub-Fund participate in the same portfolio of assets. The Units do not confer voting rights. There will be no general meetings of the Unitholders. For further information in relation to Units and Classes of Units please see section 7 below entitled “Investing in the UCITS”.