A standardised title with disclaimer on the nature of the KIID

Name of the sub-fund (or share class)

Scheme name

Isin code

Name and group of the portfolio manager(s)

The Synthetic Risk Reward Indicator (SRRI), a numeric indicator between 1 and 7 – click here for more details.

Narrative explanation of the computation and limitation of the SRRI; and

Narrative presentation of the UCITS’ risks not captured in the SRRI (e.g. credit, liquidity, counterparty and operational risk).

One-off entry and exit charges – this is the maximum in %. You can make statement that investor may pay less and to contact your distributor to discuss.

On-going charges –
– CESR lists on-going charges to include in the on-going charges. This doesn’t include transaction charges, soft-commissions, margin calls etc. or performance fees.

Performance Fee –
– You can cross refer to prospectus for full description of performance fee and calculation methodology.

There is also a requirement to disclose the performance fees charged for the latest twelve month period if a performance fee exists for the class. This can be to the date of the last audited accounts or the date to which the costs of the KIID are prepared e.g. 31/12. A sample disclosure would be “During the year ended 31 December 2020, the impact of performance fees charged to the shareclass was 0.02% of average NAV of the period.”

Below is the extract from UCITS Reg Article 12.3 which outlines the requirement.

3. Performance fees shall be disclosed in accordance with Article 10(2)(c). The amount of the performance fee charged during the UCITS’ last financial year shall be included as a percentage figure.

This is graphical information in bar chart format covering the performance for the last 10 years.

The bar chart must not exceed half a page in the KIID

UCITS with performance of less than 5 complete calendar years shall use a presentation covering the last 5 years only

For any years for which data is not available, the year shall be shown as blank with no annotation other than the date.

For a UCITS which does not yet have performance data for one complete calendar year, a statement shall be included explaining that there is insufficient data to provide a useful indication of past performance to investors.

Name of the depositary

Where to obtains documents and NAV price

Tax Statement of the UCITS’ home state

The managements company’s liability for the KIID’s content

Information on umbrella fund

If not based on representative shareclass, include information on class of share

Disclosure of the member state of domicile, supervisory authority and date of KIID publication.