# Swisscanto (LU)
## Notes on the annual report (continued) as at 31 March 2021

### Note 4: Administrative commission (cont.)
In addition to the flat-rate administrative commission, the following are charged to the fund:
- the subscription tax (“taxe d’abonnement”);
- the usual transaction costs associated with buying and selling;
- the costs for extraordinary measures in the interests of the unitholders.


### Note 5: Tax information for investors in the Federal Republic of Germany (in accordance with Section 5 of the Investment Tax Act, para. 1, sentence 1, no. 1)
This information will be published in the Federal Gazette. It is also available on the Swisscanto website (www.swisscanto.com). Investors should consult their own financial advisor for advice on any tax consequences that could result from the acquisition, possession, transfer or disposal of units under the laws of the countries of which they are nationals or in which they are resident or domiciled.

### Note 6: Total Expense Ratio (TER)
The TER reported under "Statistics" in this report was calculated in accordance with the "Guidelines on the Calculation and Disclosure of TER and PTR" published by the Swiss Funds and Asset Management Association (SFAMA) on 16 May 2008. These Guidelines have been aligned with the revised Collective Investment Schemes Ordinance-FINMA. The amended TER Guidelines entered into force on 1 June 2015. It is no longer necessary to disclose the PTR in the annual report.
The TER has been calculated for the last 12 months prior to the date of this report.
Total Expense Ratio (TER) = (operating expenses / average net assets) x 100
The operating expenses include all of the fees and costs associated with the fund. The operating expenses do not include the ancillary costs that the fund incurred when buying and selling assets.
If a fund invests at least 10% of its net assets in other funds which publish a TER as defined in the Guidelines issued by the Swiss Funds and Asset Management Association SFAMA on 16 May 2008, a combined (synthetic) TER for the umbrella fund is calculated as at the reporting date of the annual or half-year report. This corresponds to the sum of the pro rata TER of the individual target funds, weighted according to their share in the net assets of the fund as at the reporting date, the effectively paid issue and redemption commissions of the target funds and the TER of the umbrella fund minus the reimbursements of target funds received in the reporting period. The synthetic TER is calculated using the information available at the time this document is prepared.
At the end of the fiscal half-year, the synthetic TER was not required, as the above conditions were not met.

### Note 7: Information on forward exchange contracts
The following currency forward contracts were open on the reporting date:
Swisscanto (LU) Portfolio Fund Responsible Dynamic 0-50*
| Currency | Purchases | Currency | Sales | Maturity | Unrealised result (in CHF) |
| --- | --- | --- | --- | --- | --- |
| CHF | 636,556 | GBP | 500,000 | 04.06.2021 | (11,845) |
| CHF | 5,220,949 | USD | 5,700,000 | 04.06.2021 | (135,758) |
| CHF | 2,427,154 | EUR | 2,200,000 | 04.06.2021 | (5,639) |
| CHF | 986,217 | JPY | 115,000,000 | 04.06.2021 | 	7,635 |
|  |  |  |  |  | (145,607) |
| * See note 12 |  |  |  |  |  |

Translation (ENFR, 2021-03-31):
# Swisscanto (LU)
## Table des matières

### Page
* Voir note 12