CBDF

LGT Quality Funds

According to Article 92 of the Directive 2009/65/EC of 13 July 2009, as amended by Directive (EU) 2019/1160 of 20 June 2019, LGT Quality Funds (the “UCITS”) makes available, in each Member State where it intends to market its Units, facilities to perform the following tasks listed from a) to f).  

Please note that in case of discrepancy, the conditions set out in the Prospectus of the UCITS shall prevail. The below has an informative purpose only and is provided pursuant to Article 92 of the Directive 2009/65/EC of 13 July 2009.  

Defined terms used within this document, and which are not otherwise defined within this document, shall have the same meaning as assigned within the Prospectus of the UCITS. 

a. Process subscription, repurchase and redemption orders and make other payments to Unitholders relating to the Units of the UCITS, in accordance with the conditions set out in the Prospectus and the PRIIPs Key Information Documents (KIDs) 
a1)       WHICH ENTITY IS RESPONSIBLE FOR THE PROVISION OF SUCH SERVICE?

As set out in the Prospectus of the UCITS, LGT Bank Ltd. will process all subscriptions and redemption orders from investors and make other relevant payments to investors in respect of the UCITS. 

LGT Bank Ltd. can be contacted as per the following contact details:  

LGT Bank Ltd.  
Herrengasse 12 
9490 Vaduz 
Liechtenstein  
info@lgt.com

b. Provide investors with information on how to place the orders referred to in point a. and how repurchase and redemption proceeds are paid    
b1)       HOW CAN YOU SUBSCRIBE TO NEW UNITS IN THE UCITS?

Issue of Units 
Initially, Units may be purchased on the Initial Subscription Day at the Initial Subscription Price. Thereafter, Units are available at the Subscription Price on each Subscription Day.   

Requests for subscription must be received by the Depositary on or before the Subscription Deadline.   

Subject to compliance with the relevant requirements for subscription in a Sub-Fund, a subscriber becomes a Unitholder and starts his or her participation in the Units performance on and from the relevant Subscription Day.   

No Units shall be issued unless full details of registration have been completed and all anti-money laundering requirements met.    

Units will be in registered form only, and no unit certificates will be issued. A confirmation notice will be sent by the Depositary to subscribers whose application has been accepted after the Net Asset Value per Unit and the number of Units issued to the subscribers have been determined.   

The Management Company acting in the best interest of the Unitholders, may at any time reject subscription applications or temporarily limit, suspend or ultimately discontinue the issue of Units, in which case any payments received in respect of subscription applications not yet processed will be returned without interest to the accounts from which they were originally debited (see section “Anti-Money Laundering and Countering Terrorist Financing Measures” in the Prospectus).    

No Units may be issued during a period of suspension of determination of Net Asset Value, Net Asset Value per Class or Net Asset Value per Unit or during a period for which the Management Company has declared a suspension of the issue of Units in one or more Class. No application for Units made during the period of such suspension shall be accepted by the Depositary.   

A Unitholder may not withdraw a redemption request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part.   

Minimum Subscription  
The minimum initial subscription and the minimum additional subscription for Units per Unitholder in respect of each Sub-Fund are set out in Annex A to the Unit Trust Agreement.   

Subscription Deadline 
Applications received after the Subscription Deadline will be recorded for subscription on the next following Subscription Day. Full payment for Units must be received by the Depositary on or before the Subscription Payment Day. 

Subscription Price 
For each Sub-Fund, Units in each Class will be offered to investors on the Initial Subscription Day at the Initial Subscription Price as set out in Annex A for each Sub-Fund, subject to any Subscription Fee (see Annex A) as well as relevant taxes, levies or charges (see section “Charges and Expenses” of the Prospectus of the UCITS).  Following the Initial Subscription Day, the Units will be valued on the relevant Valuation Day. Thus, following the Initial Subscription Day, the subscription price per Unit will be the Net Asset Value per Unit in respect of the Valuation Day which falls on the Subscription Day at which the Units are issued (the "Subscription Price") plus the Subscription Fee, if such fee is applicable, as set out in Annex A for each Sub-Fund and subject to relevant taxes, levies or charges    

Payment for Units  
Unless the subscriber has made arrangements with the Management Company or the Depositary to make payment in some other currency or by other method, payment must be made in the Class currency by the method set out in the Prospectus. Should other arrangements be made, application monies other than in the Class currency will be converted into the Class currency and all bank charges and other conversion costs will be deducted from the application monies prior to investment in Units.    

Full payment for Units must be received by the Depositary on or before the Subscription Payment Day as set out in Annex A to the Unit Trust Agreement for each Sub-Fund. The Management Company on behalf of the UCITS may accept payment in securities, commodities, other financial instruments or other interests (the In-specie Subscription), or partly in cash and partly in specie, provided that such assets fall within the investment objective, policy and restrictions of the relevant Sub-Fund and the transfer of the said assets is in line with the tactical investment policy of the Management Company.  

Unless the Management Company on behalf of the UCITS determines otherwise, no Units will be issued until the relevant application monies and/or assets have been received in full by the Sub-Fund. 

Please consult the Unit Trust Agreement and Prospectus, in particular Section 7 “Investing in the UCITS” of the Prospectus as well as the section related to the relevant Sub-Fund in Annex A to the Unit Trust Agreement. 

Please note that it might be that you cannot invest in all Classes and all Sub-Funds presented in the Unit Trust Agreement and its Annexes, as well as Prospectus, as it might be that they are not open for subscription in your country. 

b2)       WHAT ARE THE FEES FOR SUBSCRIBING FOR NEW UNITS?

The Management Company may charge a Subscription Fee as described in Annex A to the Unit Trust Agreement as a percentage of the Subscription Price. All or part of the Subscription Fee may, at the discretion of the Management Company, be retained by the Management Company, paid to the Depositary and/or the distributors.   

Please consult the Prospectus, in particular Section 7 “Investing in the UCITS” and Section 11 “Charges and Expenses” as well as the section related to the relevant Sub-Fund in Annex A to the Unit Trust Agreement of the UCITS. 

b3)       HOW CAN YOU REDEEM THE UNITS?

A partial redemption may be in an amount not less than the Minimum Redemption Amount as set out in Annex A for each Sub-Fund, which amount is subject to waiver, decrease or increase by the Management Company. It is expected that a Unitholder’s remaining investment in the Class will be at least the Minimum Holding Amount as set out in in Annex A to the Unit Trust Agreement for each Sub-Fund, which amount is subject to waiver, decrease or increase by the Management Company. The Management Company may redeem compulsorily all or some of the Units held by any Unitholder if the value of the Unitholder’s aggregate holding of Units in the Class falls below the Minimum Holding Amount.   

Units may be redeemed on a Redemption Day. Requests for redemption must be received by the Depositary on or before the Redemption Deadline. Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day. Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A to the Unit Trust Agreement for each Sub-Fund.   

The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby.   

Whether Units are voluntarily or compulsorily redeemed, the redemption proceeds may be paid in cash, or, subject to the consent of a Unitholder, in securities, commodities or other financial instruments or other interests (the In-specie Redemption) or in any combination thereof. When cash is distributed for a redemption, the proceeds will generally be paid in the Class currency by wire transfer with no interest earned on such settlement. All costs of effecting any money transfer will be borne by the Unitholders and may be deducted from the redemption monies.   

Please consult the Prospectus, in particular Section 7.3 “Redemption of Units” as well as the section related to the relevant Sub-Fund in Annex A to the Unit Trust Agreement of the UCITS. 

b4)       WHAT ARE THE FEES FOR REDEEMING YOUR UNITS  

Units will be redeemed at the Redemption Price less the Redemption Fee, if such fee is applicable as set out in Annex A to the Unit Trust Agreement for each Sub-Fund and subject to relevant taxes, levies or charges (see section “Charges and Expenses”).    

The Management Company may charge a Redemption Fee as described in Annex A to the Unit Trust Agreement as a percentage of the Redemption Price. All or part of the Redemption Fee may, at the discretion of the Management Company, be retained by the Management Company, paid to the Depositary and/or the distributors.   

Please consult the Prospectus, particularly in Section 11 “Charges and Expenses” as well as Annex A to the Unit Trust Agreement (sections related to the Sub-Funds). 

b5)       HOW LONG DOES IT TAKE TO SELL UNITS AND RECEIVE PAYMENT?  

Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A for each Sub-Fund. 

Please refer to the Prospectus, in particular to Section 7.3.2 “Redemption Procedure” and to the section related to the relevant Sub-Fund within Annex A to the Unit Trust Agreement of the UCITS. 

Please refer to the Prospectus, in particular to Section 7.3.2 “Redemption Procedure” and to the section related to the relevant Sub-Fund within Annex A to the Unit Trust Agreement of the UCITS.  

b6)       WHO SHOULD YOU CONTACT IF YOU HAVE ADDITIONAL QUESTIONS IN RELATION THERETO?

You can contact: 

LGT Capital Partners Ltd. 
Schützenstrasse 6 
CH-8808 Pfäffikon 
Liquid Strategies & Investment Structuring (LSIS) 
lgt.cp.ls-legal@lgtcp.com 

c. Facilitate the handling of information and access to the procedures and arrangements referred to in Article 15 of Directive 2009/65/EC relating to investors' exercise of their rights arising from their investment in the UCITS in the Member State where the UCITS is marketed
c1)        WHAT ARE YOU INVESTING IN?

You are investing in a Unit of a Sub-Fund of the UCITS. The UCITS has been established under the form of a unit trust (collective trusteeship) established under the laws of Liechtenstein as an undertaking for collective investment in transferable securities. The UCITS was approved by the FMA on 18 June 2012 and registered in the Liechtenstein public register on 18 June 2012. The Unit Trust Agreement was first approved by the FMA on 11 June 2012.    

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 Unit 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 to the Unit Trust Agreement of the UCITS.    

Each Sub-Fund constitutes a pool of assets and liabilities separate from other Sub-Funds of the UCITS, and, under Liechtenstein law, the assets of any one Sub-Fund are not available to meet the liabilities of another Sub-Fund. As such, the assets and liabilities of each Sub-Fund are segregated from the assets and liabilities of the other Sub-Funds. Any claims levied by investors or creditors or any other party vis-à-vis any Sub-Fund shall be restricted to the net assets of such Sub-Fund.   

Each Sub-Fund seeks to achieve a specific investment strategy and policy that can be consulted within the Prospectus, within the Annexes to the Unit Trust Agreement and in the KIDs of the invested Sub-Fund that are available on https://www.lgtcp.com/en/regulatory-information/.    

Please note that it might be that you cannot invest in all Units and all Sub-Funds presented in the Prospectus and the Unit Trust Agreement and its Annexes, as it might be that they are not open for subscription in your country.    

Please refer to the Unit Trust Agreement and Prospectus of the UCITS for more information, as well as to the section related to the relevant Sub-Fund within Annex A to the Unit Trust Agreement of the UCITS. 

c2)        WHAT ARE THE KEY RISKS OF THIS INVESTMENT?

Prospective investors are advised that the value of Units and the income from them may go down as well as up and, accordingly, an investor may not get back the full amount invested, and an investment should only be made by persons who can sustain a loss on their investment and are capable of evaluating the risks of the investment. Past performance of any Sub-Fund of the UCITS or the sub-funds of any other investment scheme managed by the Management Company should not be relied upon as an indicator of future performance. The attention of potential investors is drawn to the taxation risks associated with investing in the UCITS.    

The securities and instruments in which the UCITS invests are subject to normal market fluctuations and other risks inherent in investing in such investments and there can be no assurance that any appreciation in value will occur. 

Different risks may apply to different Sub-Funds and/or Classes, as described in detail within the Prospectus and/or in Annex A to the Prospectus. Prospective investors should review this Prospectus and the relevant Annex carefully and, in its entirety, and consult with their professional and financial advisers before making an application for Units. 

Please refer to the Unit Trust Agreement and to the Prospectus, in particular Section 5. “Risk Factors” as well as to the section related to the relevant Sub-Fund in the Annex A to the Unit Trust Agreement. 

c3)        WHAT ARE THE RISKS OF CAPITAL LOSS?

Prospective investors are advised that the value of Units and the income from them may go down as well as up and, accordingly, an investor may not get back the full amount invested, and an investment should only be made by persons who can sustain a loss on their investment and are capable of evaluating the risks of the investment. There is no guarantee that investors will recover the full amount of their initial capital investment.  

Please refer to the Unit Trust Agreement and to the Prospectus, in particular Section 5. “Risk Factors” as well as to the section related to the relevant Sub-Fund in the Annex A to the Unit Trust Agreement. 

c4)        WHAT RETURN CAN YOU EXPECT?

Past performance of any Sub-Fund of the UCITS or the sub-funds of any other investment scheme managed by the Management Company should not be relied upon as an indicator of future performance. 

Past performance of each of the Sub-Funds (including Unit Classes), once available, shall be disclosed on the LAFV’s website (www.lafv.li) and in the relevant KIDs. KIDs are available on https://www.lgtcp.com/en/investment-solutions

c6)        HOW CAN YOU FILE A COMPLAINT IF NEEDED?  

Client complaints may be communicated in writing (e.g. by letter, e-mail or fax or by using the complaint form on the homepage) or verbally (e.g. in person or by telephone) free of charge to:   

LGT Capital Partners (FL) AG  
Herrengasse 12  
9490 Vaduz, Liechtenstein    

To handle your complaint, we need the following information from you: 
-        Contact details (first name, last name, address, telephone no., e-mail address) 
-        Name of fund/sub-fund/share class and ISIN number or securities number (if your compliant refers to a fund) 
-        Reason for complaint and what it relates to  
-        Client's proof at the time the reason for the complaint occurred (if your compliant refers to a fund).    

LGT Capital Partners (FL) Ltd. will ensure that once we receive your complaint, it is handled swiftly and competently and that you receive a written reply after we have investigated the complaint. You may send your complaint in English, German, Italian or Spanish. 

For further information, please refer to the Complaints Management document on https://www.lgtcp.com/en/regulatory-information/

c7)        HOW WILL YOUR PROFITS BE TAXED?

Prospective investors and Unitholders should be aware that they may be required to pay income tax, withholding tax, capital gains tax, wealth tax, stamp taxes or any other kind of tax on distributions or deemed distributions from the UCITS or any Sub-Fund. The requirement to pay such taxes will be according to the laws and practices of the country where the Units are purchased, sold, held or redeemed and in the country of residence or nationality of the Unitholder and such laws and practices may change from time to time.    

As is the case with any investment, there can be no guarantee that the tax position or proposed tax position prevailing at the time an investment is made in the UCITS will endure indefinitely. Prospective investors and Unitholders should consult their tax advisors with respect to their particular tax situations and the tax consequences of an investment in a particular Sub-Fund.   

Prospective Unitholders should familiarise themselves with and, where appropriate, take advice on the laws and regulations (such as those relating to taxation and exchange controls) applicable to the subscription for, and the holding and repurchase of, Units in the places of their citizenship, place of residence and their (residence) domicile or in which they are founded, or to contact their own tax advisors.   

Please refer to the Unit Trust Agreement and the Prospectus, in particular “Taxation” in 8. “Risk Factors”, and Section 10. “Tax Provisions” of the Prospectus, as well as to the section related to the relevant Sub-Fund in Annex A to the Unit Trust Agreement.    

Please also refer to the version of the Prospectus for your country of residence, as it may contain additional information on taxation specificities applicable in your country. 

d. Make the information and documents required pursuant to Chapter IX of Directive 2009/65/EC available to investors under the conditions laid down in Article 94 of Directive 2009/65/EC, for the purposes of inspection and obtaining copies thereof
d1)       WHERE CAN YOU OBTAIN A COPY OF THE FUND DOCUMENTATION  

Any investor or potential investor may turn to LGT Capital Partners Ltd., Schützenstrasse 6, CH-8808 Pfäffikon to request to be given free of charge a copy of the Prospectus, the KIDs, the most recent Annual Report and most recent Semi-annual Report as well as a copy of the UCITS’s Articles of Association.   

The UCITS Documentation and the KIDs, together with the most recent annual and semi-annual reports, are available, free of charge, in permanent data carrier format from the Management Company, the Depositary, the paying agents for the UCITS and all other authorized distributors for the Sub-Funds in Liechtenstein and abroad, as well as on the website of the LAFV at www.lafv.li.   

Further information regarding the UCITS and/or the Sub-Funds is also available at www.lgtcp.com/en/regulatory-information or from the registered offices of the Management Company and the Depositary.   

Each Unit that is available for subscription will have a KID issued. While some Units are described in the Supplement for the relevant Sub-Fund as available, these Classes may not currently be offered for subscription and in that event a KID may not be available. 

d2)       WHERE CAN YOU OBTAIN THE NAV OF THE FUND AND THE HISTORICAL PERFORMANCE?

NAV and past performance of each of the Sub-Funds (including Units), once available, shall be disclosed on the website of the LAFV (www.lafv.li) and in the relevant KID. The historical performance is available on https://www.lgtcp.com/en/investment-solutions

e. Provide investors with information relevant to the tasks that the facilities perform on a durable medium 
e1)  WHO IS PERFORMING FACILITY TASKS?

The following entities are in charge of the following tasks. The contact details are disclosed under the section below “Who should you contact if you have additional questions?” 

a)     Processing the subscription, repurchase and redemption orders and makes other payments to investors relating to the Units of the UCITS, in accordance with the conditions set out in the Prospectus and Key Investor Information Documents: LGT Bank Ltd., 

b)     Providing investors with information on how orders referred to point a) above can be made and how repurchase and redemption proceeds are paid: LGT Capital Partners Ltd.,   

c)     Facilitate the handling of information the handling of information and access to procedures and arrangements referred to in Article 15 Directive 2009/65/EG relating to the investors' exercise of their rights arising from their investment in the UCITS in the Member State where the UCITS is marketed: LGT Capital Partners Ltd., 

d)     Make the information and documents required pursuant to Chapter IX of Directive 2009/65/EC available to investors under the conditions laid down in Article 94 of Directive 2009/65/EC, for the purposes of inspection and obtaining copies thereof: LGT Capital Partners Ltd., 

e)     Provide investors with information relevant to the tasks that the facilities perform in a durable medium: LGT Capital Partners Ltd.,  

f)      Act as a contact point for communicating with the competent authorities: LGT Capital Partners Ltd.  

e2)  WHO SHOULD YOU CONTACT IF YOU HAVE ADDITIONAL QUESTIONS?

If you have any further questions that are not listed on this webpage, for questions related to point a), please feel free to reach out to: 

LGT Bank Ltd., 
Herrengasse 12, 
9490 Vaduz, 
Liechtenstein 
info@lgt.com   

You may reach out to the following entity for questions related to the points b) to f) of the facilities list: 
LGT Capital Partners Ltd. 
Schützenstrasse 6 
CH-8808 Pfäffikon 
Liquid Strategies & Investment Structuring (LSIS) 
lgt.cp.ls-legal@lgtcp.com   

These entities will respond to your question(s) by email within a reasonable timeframe in one of the official language(s) of your country, or in English, where acceptable.