Common use of Redemption of Units Clause in Contracts

Redemption of Units. Units shall be redeemed on each valuation day (repurchase day) at the net asset value per unit of the respective unit class of the UCITS less the redemption charge, if any, and less taxes and charges, if any. Repurchase requests must be received by the depositary on the acceptance dead- line at the latest. If a repurchase request is received after the acceptance deadline, it will be scheduled for the next following repurchase day. Purchase or redemption re- quests submitted to distributors in Liechtenstein or abroad may be subject to earlier deadlines in order to assure that they can be forwarded to the depositary in Liechten- xxxxx in a timely manner. On request, the respective distributor will provide pertinent in- formation. Information on the redemption day, the valuation interval, the acceptance deadline, and the maximum redemption premium, if any, is provided in Annex A "The UCITS at a glance". Since the UCITS must maintain an adequate amount of liquidity, the payment of re- deemed units will take place within three bank business days after the respective re- demption day. This does not apply in case the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond the control of the depositary. If, on request by the investor, the payment is to be made in a currency other than the currency in which the respective units are denominated, the amount payable shall be calculated on the basis of the proceeds from the conversion of the reference curren- cy into the payment currency, less fees and charges, if any. When the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to the extent that this appears to be in the interest of or for the protection of investors, the management company or the UCITS, particularly when

Redemption of Units. Units of a UCITS shall be redeemed on each valuation day (repurchase day) the acceptance deadline for unit transactions in accordance with Appendix A "Overview of the Fund" at the net asset value per unit of the respective corresponding unit class of the UCITS UCITS, less the possible due redemption charge, if any, premium and less any possible taxes and charges, if anyduties. Repurchase requests Redemption applications must be received submitted to the Custodian at the latest by the depositary on the acceptance dead- line at the latestdeadline. If a repurchase request redemption application is received after the acceptance deadline, it will shall be scheduled reserved for the next following repurchase dayredemption date. Purchase or redemption re- quests submitted to distributors In the case of applications placed with distribution agents in Liechtenstein or abroad and abroad, earlier deadlines for the subscriptions may be subject set to earlier deadlines in order to assure that they can be forwarded ensure the punctual forwarding of these applications to the depositary Custodian in Liechten- xxxxx in a timely mannerLiechtenstein. On request, These deadlines may be obtained from the respective distributor will provide pertinent in- formationindividual distribution agents. Information on about the redemption day, the valuation intervaldate, the acceptance deadline, and deadline as well as the level of the possible due maximum redemption premium, if any, premium is provided set out in Annex Appendix A "The UCITS at a glanceOverview of the Fund". Since As it is necessary to ensure that the assets of the UCITS must maintain an adequate amount contain a reasonable proportion of liquidityliquid assets, the payment of re- deemed units will take place be paid out within three two bank business working days after following the respective re- demption daycalculation of the redemption price. This does shall not apply in case the event that in accordance with statutory regulations, such as for example foreign exchange and transfer restrictions or due to other circumstances that lie beyond the control of the Custodian, the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond is rendered impossi- ble. If the control payment, at the request of the depositary. If, on request by the investor, the payment is to be made performed in a currency other than the currency in which the respective re- spective units are denominatedhave been invested, the amount payable sum that is to be paid out shall be calculated on in accordance with the basis proceeds of the proceeds conversion from the conversion of the reference curren- cy currency into the payment currency, less any fees and charges, if anyduties. When With the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to redemption price, the extent that corresponding unit shall be extinguished. The Management Company and/or the Custodian may withdraw units unilaterally in return for payment of the redemption price, insofar as this appears to be is deemed necessary in the interest of or for the protection of the investors, of the management company Management Company or of the UCITS, particularly whenin particular if:

Redemption of Units. Units of a sub-fund shall be redeemed on each valuation day (repurchase day) the acceptance deadline for unit transactions in accordance with Appendix A "Overview of the sub-fund" at the net asset value per unit of the respective corresponding unit class of the UCITS corresponding sub-fund, less the possible due redemption charge, if any, premium and less any possible taxes and charges, if anyduties. Repurchase requests Redemption applications must be received submitted to the Custodian at the latest by the depositary on the acceptance dead- line at the latestdeadline. If a repurchase request redemption order is received after the acceptance deadline, it will shall be scheduled reserved for the next following repurchase dayredemption date. Purchase or redemption re- quests submitted to distributors In the case of or- ders placed with distribution agents in Liechtenstein or abroad and abroad, earlier deadlines for the subscription of orders may be subject set to earlier deadlines in order to assure that they can be forwarded ensure the punctual forwarding of these orders to the depositary Custodian in Liechten- xxxxx in a timely mannerLiechtenstein. On request, These deadlines may be ob- tained from the respective distributor will provide pertinent in- formationindividual distribution agents. Information on about the redemption daydate, the valuation interval, the acceptance deadline, and deadline as well as the level of the possible due maximum redemption premium, if any, premium is provided set out in Annex Appendix A "The UCITS at a glanceOverview of the sub-fund". Since As it is necessary to ensure that the UCITS must maintain an adequate amount assets of liquiditythe respective sub-fund contain a reasonable proportion of liquid assets, the payment of re- deemed units will take place be paid out within three two bank business working days after following the respective re- demption daycalculation of the redemption price. This does shall not apply in case the event that in accordance with statutory regulations, such as for example foreign exchange and transfer restrictions or due to other circumstances that lie beyond the control of the Depository Bank, the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond is rendered impossible. If the control payment, at the request of the depositary. IfInvestor, on request by the investor, the payment is to be made performed in a currency other than the currency in which the respective re- spective units are denominatedhave been invested, the amount payable sum that is to be paid out shall be calculated on in accordance with the basis proceeds of the proceeds conversion from the conversion of the reference curren- cy currency into the payment currency, less fees and charges, if anyany fees. When With the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to redemption price, the extent that corresponding unit shall be extinguished. The Management Company and/or the Custodian may redeem units unilaterally in return for payment of the redemption price, insofar as this appears to be is deemed necessary in the interest of or for the protection of investorsthe Investor, of the management company Management Com- pany or the UCITSof one or more sub-funds, particularly whenin particular if:

Redemption of Units. This AIF (umbrella) may include subfunds of the closed form. A redemption is excluded for a subfund of the closed form during the duration. Investors will not be able to redeem the units during their duration. Redemptions of units for open subfunds: Units shall be are redeemed on each valuation day (repurchase day) redemption date – at the net asset value per unit of the respective corresponding subfund unit class of calculated on the UCITS valuation date, less the any redemption chargexxxx-xxxxx, if any, and less taxes and charges, if anyduties. Repurchase requests Redemption applications must be received by the depositary on the acceptance dead- line closing date at the latest. If a repurchase request redemption application is received after the acceptance deadlineclosing date, it will be scheduled noted for the next following repurchase dayvaluation date. Purchase or redemption re- quests submitted to distributors in Liechtenstein or abroad In the event of applications placed with sales organisations at home and abroad, earlier closing dates for the submission of the applications may be subject to earlier deadlines apply in order to assure that they can be forwarded ensure timely forwarding to the depositary in Liechten- xxxxx in a timely mannerLiechtenstein. On request, These can be obtained from the respective distributor will provide pertinent in- formationsales organisations. Information on the redemption dayvaluation date, the valuation interval, the acceptance deadline, and closing date as well as on the level of any maximum redemption premium, if any, charge is provided available in respective Annex A "The UCITS at a glance"„Subfund overview“. Since As an appropriate share of liquid funds must be ensured in the UCITS must maintain an adequate amount assets of liquiditythe AIF resp. subfund, the payment payout of re- deemed units will take place be made within a three bank business banking days after following the respective re- demption dayauthoritative valuation date. This does shall not apply in case the event of transfer of the redemption sum proves amount proving impossible due to legal constraints under statutory regulations such as foreign- currency export and cross-border payment restrictions transfer restrictions, or due to as a result of other circumstances beyond the control of the depositary. If, on at the request by of the investor, the payment is to be made in a currency other than the currency that in which the respective units concerned are denominated, the amount payable shall be calculated on the basis of the proceeds from the conversion of from the reference curren- cy into accounting currency to the payment currency, less any fees and charges, if anyduties. When The corresponding unit shall cease to exist upon payment of the repurchase price is paidredemption price. If execution of the redemption application results in the portfolio of the corresponding investor falling below the minimum investment of the corresponding subfund / unit class stated in respective Annex A „Subfund overview“, the respective AIFM may, without further notification to the investor, treat this application as an application for redemption of all units, held by the corresponding investor in this unit shall become voidclass, or as an application for conversion the remaining units to another subfund unit class with the same reference currency and whose preconditions for participation are met by the investor. The management company AIFM and/or the depositary may unilaterally redeem withdraw units against the will of the investor in return for payment of the repurchase price to the extent that redemption price, if this appears to be necessary in the interest interests of or for the protection of the investors, the management company AIF resp. subfund or the UCITSAIFM, particularly whenin particular if 1. there is a suspicion that the respective investor is practising “market timing”, "late-trading” or other market techniques through acquisition of the units, which may damage all investors,

Redemption of Units. Units shall be redeemed on each valuation day (repurchase day) at the net asset value per unit of the respective unit class of the UCITS less the redemption charge, if any, and less taxes and charges, if any. The prospectus: Participation in the UCITS Repurchase requests must be received by the depositary on the acceptance dead- line at the latest. If a repurchase request is received after the acceptance deadline, it will be scheduled for the next following repurchase day. Purchase or redemption re- quests submitted to distributors in Liechtenstein or abroad may be subject to earlier deadlines in order to assure that they can be forwarded to the depositary in Liechten- xxxxx in a timely manner. On request, the respective distributor will provide pertinent in- formation. Information on the redemption day, the valuation interval, the acceptance deadline, and the maximum redemption premium, if any, is provided in Annex A "The UCITS at a glance". Since the UCITS must maintain an adequate amount of liquidity, the payment of re- deemed units will take place within three five bank business days after the respective re- demption day. However, the management company is entitled to extend this period if the 5-day period should prove to be too short due to local holidays in Vietnam or Liechtenstein. This does not apply in case the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond the control of the depositary. If, on request by the investor, the payment is to be made in a currency other than the currency in which the respective units are denominated, the amount payable shall be calculated on the basis of the proceeds from the conversion of the reference curren- cy accounting cur- rency into the payment currency, less fees and charges, if any. When the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to the extent that this appears to be in the interest of or for the protection of investors, the management company or the UCITS, particularly when

Redemption of Units. Units of a sub-fund shall be redeemed on each valuation day (repurchase day) the acceptance deadline for unit transactions in accordance with Appendix A "Overview of the sub-fund" at the net asset value per unit of the respective corresponding unit class of the UCITS corresponding sub-fund, less the possible due redemption charge, if any, premium and less any possible taxes and charges, if anyduties. Repurchase requests Redemption applications must be received submitted to the Custodian at the latest by the depositary on the acceptance dead- line at the latestdeadline. If a repurchase request redemption application is received after the acceptance deadline, then it will shall be scheduled reserved for the next following repurchase dayredemption date. Purchase or redemption re- quests submitted to distributors In the case of orders placed with distribution agents in Liechtenstein or abroad and abroad, earlier deadlines for the subscription of orders may be subject set to earlier deadlines in order to assure that they can be forwarded ensure the punctual forwarding of these orders to the depositary Custodian in Liechten- xxxxx in a timely mannerLiechtenstein. On request, These deadlines may be obtained from the respective distributor will provide pertinent in- formationindividual distribution agents. Information on about the redemption daydate, the valuation interval, the acceptance deadline, and deadline as well as the level of the possible due maximum redemption premium, if any, premium is provided set out in Annex Appendix A "The UCITS at a glanceOverview of the sub-fund". Since As it is necessary to ensure that the UCITS must maintain an adequate amount assets of liquiditythe respective sub-fund contain a reasonable proportion of liquid assets, the payment of re- deemed units will take place be paid out within three two bank business working days after following the respective re- demption daycalculation of the redemption price. This does shall not apply in case the event that in accordance with statutory regulations, such as example foreign exchange and transfer restrictions or due to other circumstances which lie beyond the control of the Depository Bank, the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond is rendered impossible. If the control payment, at the request of the depositary. If, on request by the investor, the payment is to be made performed in a currency other than the currency in which the respective re- spective units are denominatedhave been invested, then the amount payable sum which is to be paid out shall be calculated on in accordance with the basis pro- ceeds of the proceeds conversion from the conversion of the reference curren- cy currency into the payment currency, less fees and charges, if anyany fees. When With the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to redemption price, the extent that corresponding unit shall be extinguished. The Management Company and/or the Custodian may redeem units unilaterally in return for payment of the redemption price, insofar as this appears to be is deemed necessary in the interest of or for the protection of investorsthe investor, of the management company Management Company or the UCITSof one or more sub-funds, particularly whenin particular if:

Redemption of Units. Units of a UCITS shall be redeemed on each valuation day (repurchase day) the acceptance deadline for unit transactions in accordance with Appendix A "Overview of the Fund" at the net asset value per unit of the respective corresponding unit class of the UCITS UCITS, less the possible due redemption charge, if any, premium and less any possible taxes and charges, if anyduties. Repurchase requests Redemption applications must be received submitted to the Custodian at the latest by the depositary on the acceptance dead- line at the latestdeadline. If a repurchase request redemption application is received after the acceptance deadline, it will shall be scheduled reserved for the next following repurchase dayredemption date. Purchase or redemption re- quests submitted to distributors In the case of applications placed with distribution agents in Liechtenstein or abroad and abroad, earlier deadlines for the subscriptions may be subject set to earlier deadlines in order to assure that they can be forwarded ensure the punctual forwarding of these applications to the depositary Custodian in Liechten- xxxxx in a timely mannerLiechtenstein. On request, These deadlines may be obtained from the respective distributor will provide pertinent in- formationindividual distribution agents. Information on about the redemption daydate, the valuation interval, the acceptance deadline, and deadline as well as the level of the possible due maximum redemption premium, if any, premium is provided set out in Annex Appendix A "The UCITS at a glanceOverview of the Fund". Since As it is necessary to ensure that the assets of the UCITS must maintain an adequate amount contain a reasonable proportion of liquidityliquid assets, the payment of re- deemed units will take place be paid out within three two bank business working days after following the respective re- demption daycalculation of the redemption price. This does shall not apply in case the event that in accordance with statutory regulations, such as for example foreign exchange and transfer restrictions or due to other circumstances that lie beyond the control of the Custodian, the transfer of the redemption sum proves impossible due to legal constraints such as currency export and cross-border payment restrictions or due to other circumstances beyond is rendered impossi- ble. If the control payment, at the request of the depositary. If, on request by the investor, the payment is to be made performed in a currency other than the currency in which the respective re- spective units are denominatedhave been invested, the amount payable sum that is to be paid out shall be calculated on in accordance with the basis proceeds of the proceeds conversion from the conversion of the reference curren- cy currency into the payment currency, less fees and charges, if anyany fees. When With the repurchase price is paid, the respective unit shall become void. The management company and/or the depositary may unilaterally redeem units against payment of the repurchase price to redemption price, the extent that corresponding unit shall be extinguished. The Management Company and/or the Custodian may redeem units unilaterally in return for payment of the redemption price, insofar as this appears to be is deemed necessary in the interest of or for the protection of investorsthe investor, of the management company Management Com- pany or of the UCITS, particularly whenin particular if: