Glossary

Total amount of the assets (transferable securities and liquid assets) of a UCITS, valued at the market price, from which any debts of the UCITS are deducted.

Outstanding amount is the total amount of funds managed in a mutual fund or SICAV.

Over a period of a financial security or index is calculated as a percentage and is the difference between the net asset value at the end of the relevant period and the value at the beginning of the period compared to the market value. 'purchase. It is assumed that any detachment (dividend or coupon) paid during the period is reinvested in the security.

Or exit fee, is collected at the time of resale, by an investor of his shares in the mutual funds or in the ICVC. It is deducted from the net asset value used for the redemption, the result of this subtraction being the resale price of the securities sold by the investor.

A numerical scale, graduated from 1, for the lowest risk, to 7 for the highest risk, being specified that the lowest risk category (level 1) does not mean "without risk".

Financial title negotiable and fungible. The two main categories of securities are equity securities (shares) and debt securities (bonds).

It defines the relationship, rights and obligations of the custodian and its client. All agreements must be signed by each securities account holder.

Accounts opened by the account holders on behalf of the holders of securities and tracing the assets of the latter in securities admitted to the operations of the Central Depository.

Any natural or legal person who gives an intermediary an order to subscribe, purchase or sell securities, offered as part of a financial transaction.

It is an amount (usually expressed as a percentage) which is added to the net asset value of the UCITS, which the investor must pay each time he buys units or shares of UCITS.