# Notes to the annual report as at 31 December 2021
Note 1 - General
FISCH Umbrella Fund (hereinafter the “fund”) is an open-ended investment company (société d’investissement à capital variable, SICAV) in the form of a public limited company under Luxembourg law. The fund complies with Part I of the Luxembourg Law of 17 December 2010 on undertakings for collective investment, as amended (the “Law of 2010”). Insofar as the Law of 2010 does not provide for any special regulations, the provisions of the Law of 10 August 1915 on commercial companies apply. The fund has been established for an indefinite period and carries out its activities as an externally managed investment company. Its registered office is at 5, rue Heienhaff, L-1736 Senningerberg. The fund is registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B-220850. The articles of association are filed with the Luxembourg Trade and Companies Register and published in the Recueil Electronique des Sociétés et Associations (RESA).
The fund was originally established under the name EXPERTA FUND in accordance with Part I of the Luxembourg Law of 30 March 1988 on undertakings for collective investment as an investment fund (fonds commun de placement) by EXPERTA MANAGEMENT AG, renamed FISCH FUND SERVICES AG (hereinafter the “Management Company”) with effect from 31 December 2006. The fund was converted into an investment company on 1 January 2018. Its financial year begins on 1 January and ends on 31 December of each calendar year.
Key Investor Information Document(s) (“KIID(s)”) will be provided to investors free of charge prior to the purchase of units. The fund offers investors the opportunity to invest in an investment company governed by Luxembourg law.
The fun issues registered units. Registered units are generally issued by the Custodian without a corresponding unit certificate following payment of the issue price to the Custodian, and are verified on the basis of a confirmation document generated at the time of issue or conversion of the unit. Registered certificates may be issued at the express request of the unitholder. In this case, the units are allocated in fractions of up to one thousandth of a unit and entered in an investment account in the name of the unitholder at the registrar and transfer agent. The fund’s Board of Directors may additionally or alternatively securitise the units in the form of global certificates. Each unit entitles the holder to one vote at the fund’s general meetings. Fractions of units do not carry any voting rights but do entitle the holder, in the event of the liquidation of the subfund concerned, or in the case of the liquidation of the fund, to participate in the liquidation proceeds. The fund has not listed the units on a stock exchange or a regulated market. The rights and obligations of unitholders, of the Management Company and of the Custodian are set out in the prospectus. By the act of acquiring a unit, the unitholder acknowledges the prospectus and any future lawful amendments hereto.
Fisch Asset Management AG acts as investment manager of the FISCH Umbrella Fund, consisting of the following subfunds: FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL CHF FUND
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DYNAMIC FUND FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL IG FUND (launched on 29 January 2021) FISCH Umbrella Fund - FISCH BOND EM CORPORATES DEFENSIVE FUND
FISCH Umbrella Fund - FISCH BOND EM CORPORATES OPPORTUNISTIC FUND FISCH Umbrella Fund - FISCH BOND GLOBAL HIGH YIELD FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL CORPORATES FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL IG CORPORATES FUND (launched on 26 April 2021) FISCH Umbrella Fund - FISCH ABSOLUTE RETURN GLOBAL MULTI ASSET FUND
FISCH Umbrella Fund - FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND.
Documentation, price publication
The audited annual reports and unaudited semi-annual reports are available to investors free of charge at the registered office of the Management Company, at the Custodian and at any paying agent or any representatives in the countries where the fund is distributed: Belgium, Germany, France, Liechtenstein, Netherlands, Austria and Switzerland. In addition, all relevant fund documentation is available to investors at www.fundinfo.com and www.fischumbrellafund.com.
The net asset value per unit and the issue and redemption prices of the units are available on any valuation day from the registered office of the investment company and at the German paying and information agent. This information is also published at www.fundinfo.com.
Note 1 – General (continued)
A list of changes in the securities portfolio (purchases and sales) for the financial year ended on 31 December 2021 is available free of charge upon request of the unitholders at the registered office of the investment company, the German paying and information agent, the Swiss representative and the distributor in Switzerland.
Unit classes
The following subfunds with the following unit classes were available to the unitholders as at 31 December 2021:
FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND
AC intended for retail investors, accumulating, CHF AD intended for retail investors, accumulating, USD AE intended for retail investors, accumulating, EUR AE2 intended for retail investors, distributing, EUR
BC	 intended for institutional investors, accumulating, CHF BD	 intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR GE2 intended for institutional investors, distributing, EUR HC	 intended for institutional investors, accumulating, CHF
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
ME intended for institutional investors, accumulating, EUR RC	intended for all investors, accumulating, CHF
RE	intended for all investors, accumulating, EUR
VE	intended for institutional investors, accumulating, EUR (launched on 15 February 2021)
FISCH BOND GLOBAL CHF FUND
AC	intended for retail investors, accumulating, CHF
BC	intended for institutional investors, accumulating, CHF MC  intended for institutional investors, accumulating, CHF
FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND
AC	intended for retail investors, accumulating, CHF AD		intended for retail investors, accumulating, USD AE	intended for retail investors, accumulating, EUR
BC	intended for institutional investors, accumulating, CHF BD	intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR FC	intended for institutional investors, accumulating, CHF
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
VC intended for institutional investors, accumulating, CHF (launched on 25 March 2021) VD intended for institutional investors, accumulating, USD (launched on 25 March 2021) VE  intended for institutional investors, accumulating, EUR (launched on 25 March 2021)
FISCH CONVERTIBLE GLOBAL DYNAMIC FUND
AC intended for retail investors, accumulating, CHF AE  intended for retail investors, accumulating, EUR
BC intended for institutional investors, accumulating, CHF BD intended for institutional investors, accumulating, USD BE  intended for institutional investors, accumulating, EUR
LC  intended for institutional investors, accumulating, CHF (closed for subscriptions since 1 February 2020) LE  intended for institutional investors, accumulating, EUR (closed for subscriptions since 1 February 2020) RE  intended for institutional investors, accumulating, EUR
Note 1 – General (continued)
FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND
AC intended for retail investors, accumulating, CHF AD intended for retail investors, accumulating, USD AE  intended for retail investors, accumulating, EUR
BC	 intended for institutional investors, accumulating, CHF BD	 intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR FC	 intended for institutional investors, accumulating, CHF FE	 intended for institutional investors, accumulating, EUR
GE	intended for institutional investors, accumulating, EUR (launched on 25 March 2021)
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
ME  intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, EUR
RC	intended for institutional investors, accumulating, CHF (launched on 29 January 2021) RE intended for all investors, accumulating, EUR VE	intended for institutional investors, accumulating, EUR (launched on 15 February 2021)
FISCH CONVERTIBLE GLOBAL IG FUND
AC  intended for retail investors, accumulating, CHF (launched on 29 January 2021)
BC intended for institutional investors, accumulating, CHF (launched on 29 January 2021) BD intended for institutional investors, accumulating, USD (launched on 29 January 2021) BE intended for institutional investors, accumulating, EUR (launched on 29 January 2021) BE2 intended for institutional investors, distributing, EUR (launched on 29 January 2021)
LC	intended for institutional investors, accumulating, CHF (launched on 29 January 2021 and closed for subscriptions since 3 March 2021) LD2 intended for institutional investors, distributing, USD (launched on 1 March 2021 and closed for subscriptions since 3 March 2021) LE2 intended for institutional investors, distributing, EUR (launched on 29 January 2021 and closed for subscriptions since 3 March 2021)
FISCH BOND EM CORPORATES DEFENSIVE FUND
AC intended for retail investors, accumulating, CHF AD intended for retail investors, accumulating, USD AE intended for retail investors, accumulating, EUR AE2 intended for retail investors, distributing, EUR
BC intended for institutional investors, accumulating, CHF BD intended for institutional investors, accumulating, USD BE intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR
BZC intended for institutional investors, accumulating, CHF, duration-control (closed for subscriptions since 31 July 2018) FE2 intended for institutional investors, distributing, EUR
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
RE  intended for all investors, accumulating, EUR
FISCH BOND EM CORPORATES OPPORTUNISTIC FUND
BC	intended for institutional investors, accumulating, CHF BD	intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR VC	intended for institutional investors, accumulating, CHF VE	intended for institutional investors, accumulating, EUR
FISCH BOND GLOBAL HIGH YIELD FUND
AC2 intended for retail investors, distributing, CHF AD2 intended for retail investors, distributing, USD AE	intended for retail investors, accumulating, EUR
Note 1 – General (continued)
AE2 intended for retail investors, distributing, EUR
BC	 intended for institutional investors, accumulating, CHF BD	intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR BE2 intended for institutional investors, distributing, EUR HC	intended for institutional investors, accumulating, CHF HE	intended for institutional investors, accumulating, EUR
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
ME  intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, EUR
RC2 intended for all investors, distributing, CHF RD2 intended for all investors, distributing, USD
FISCH BOND GLOBAL CORPORATES FUND
AC intended for retail investors, accumulating, CHF AD intended for retail investors, accumulating, USD AE intended for retail investors, accumulating, EUR AE2 intended for retail investors, distributing, EUR
BC	 intended for institutional investors, accumulating, CHF BD	intended for institutional investors, accumulating, USD BE	intended for institutional investors, accumulating, EUR FE2 intended for institutional investors, distributing, EUR GC	intended for institutional investors, accumulating, CHF GE	intended for institutional investors, accumulating, EUR
FISCH BOND GLOBAL IG CORPORATES FUND
BC	intended for institutional investors, accumulating, CHF (launched on 26 April 2021) BD	intended for institutional investors, accumulating, USD (launched on 26 April 2021) BE2 intended for institutional investors, distributing, EUR (launched on 26 April 2021) LC	intended for institutional investors, accumulating, CHF (launched on 26 April 2021) LE2 intended for institutional investors, accumulating, EUR (launched on 26 April 2021)
FISCH ABSOLUTE RETURN GLOBAL MULTI ASSET FUND
AC2 intended for retail investors, distributing, CHF AE2 intended for retail investors, distributing, EUR
BC	intended for institutional investors, accumulating, CHF BE	intended for institutional investors, accumulating, EUR
MC intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, CHF
ME  intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, EUR
FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND
AC2 intended for retail investors, distributing, CHF AE2 intended for retail investors, distributing, EUR
BC2 intended for institutional investors and retail investors, distributing, CHF BE	intended for institutional investors, accumulating, EUR
MC  intended for institutional investors, accumulating, CHF
ME  intended for institutional investors that have concluded an agreement on management fees with the Management Company or the investment manager, accumulating, EUR
The currency risk can be hedged in all subfunds by techniques and instruments provided for in the prospectus.
In addition, the investment company is authorised to issue new units at any time in the unit classes and currencies it specifies, and with any specific features it decides upon. The decision to launch a new unit class is made through a resolution passed by the Board of Directors of the fund.
Note 1 – General (continued) Investment objectives
The investment objective of the actively managed subfund FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND is to increase the value of the investments in equity-linked securities, while at the same time ensuring the investor’s capital is as secure as possible. This subfund invests primarily in convertible bonds, convertible notes, bonds with warrants and convertible preferred shares.
The investment objective of the actively managed subfund FISCH BOND GLOBAL CHF FUND is to increase the value of the investments in bonds, while at the same time ensuring the investor’s capital is as secure as possible. This subfund mainly invests worldwide in corporate and government bonds.
The investment objective of the actively managed subfund FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND is to increase the value of the investments in equity-linked securities, while at the same time ensuring the investor’s capital is as secure as possible. This subfund invests primarily in convertible bonds, convertible notes, bonds with warrants and convertible preferred shares.
The investment objective of the actively managed subfund FISCH CONVERTIBLE GLOBAL DYNAMIC FUND is to increase the value of the investments in equity-linked securities, while at the same time ensuring the investor’s capital is as secure as possible. As explained in the Investments section of the prospectus, the subfund invests primarily in convertible bonds, convertible notes, bonds with warrants and convertible preference shares.
The investment objective of the actively managed subfund FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND is to increase the value of the investments in equity-linked securities, while at the same time ensuring the investor’s capital is as secure as possible and upholding the commitment to sustainability principles. The sub-fund invests primarily in convertible bonds, convertible notes, bonds with warrants and convertible preferred shares.
The investment objective of the actively managed subfund FISCH CONVERTIBLE GLOBAL IG FUND is to increase the value of the investments in equity-linked securities, while at the same time ensuring the investor’s capital is as secure as possible. The subfund invests primarily in convertible bonds, convertible notes, bonds with warrants and convertible preferred shares with an investment grade rating.
The investment objective of the actively managed subfund FISCH BOND EM CORPORATES DEFENSIVE FUND is mainly to generate the highest possible current income in the relevant reference currency taking into consideration value retention. To this end, the subfund may invest in the securities of issuers which have their registered office or conduct the majority of their business in emerging markets in particular, as long as they have an investment grade rating.
The investment objective of the actively managed subfund FISCH BOND EM CORPORATES OPPORTUNISTIC FUND is mainly to generate the highest possible current income in the relevant reference currency taking into consideration value retention. For this purpose, the subfund invests in particular in securities of issuers which have their registered office or conduct the majority of their business in emerging markets and also in high yield securities.
The investment objective of the actively managed subfund FISCH BOND GLOBAL HIGH YIELD FUND is mainly to generate the highest possible current income in the relevant reference currency taking into consideration value retention. The subfund also invests for this purpose in particular in high yield securities.
The investment objective of the actively managed subfund FISCH BOND GLOBAL CORPORATES FUND is mainly to generate the highest possible current income in the relevant reference currency taking into consideration value retention. The subfund may for this purpose invest worldwide in corporate bonds of various qualities.
The investment objective of the actively managed FISCH BOND GLOBAL IG CORPORATES FUND is mainly to generate the highest possible current income in the relevant reference currency taking into consideration value retention. The subfund may for this purpose invest worldwide in corporate bonds of various qualities.
The actively managed subfund FISCH ABSOLUTE RETURN GLOBAL MULTI ASSET FUND aims to achieve a positive return over a three- year period. For this purpose, it invests in various asset classes.
The actively managed subfund FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND aims to achieve a positive return over a three- year period. For this purpose, it largely invests, both directly and indirectly, in liquid assets, money market instruments, fixed-income investments and convertible bonds.
Note 2 – Summary of key accounting methods
The annual report of the fund was generated in accordance with the Luxembourg legal and regulatory requirements concerning undertakings for collective investment.
Valuation of net assets
The net asset value of a unit class is calculated by dividing the net assets of the unit class concerned by the number of units of that class in circulation on the valuation day in question. The total net asset value of the unit class represents the market value of the assets contained in that class, less liabilities.
Valuation of the securities and money market portfolio
The assets of each subfund or of each unit class are valued as follows:
- Securities listed on an official securities exchange are valued at the last available price. Securities for which this price is not a fair market price are valued at the mid-price between the buying price and the selling price. If a security is listed on multiple securities exchanges, the price is deemed to be the last available price quoted on the principal market for that security.
- Securities actively traded on another regulated market that is recognised, open to the public and functions in an orderly manner, will be valued at the last available price on this market.
- If these prices are not fair market prices, these securities as well as other legally admissible assets are valued at the market value determined by the investment company in good faith on the basis of the value likely to be realised upon sale.
- In the case of money market securities, the valuation price shall be progressively adjusted to the redemption price, based on the net acquisition price, whilst keeping the resulting investment return constant. In the event of significant changes in market conditions, the basis of valuation shall be brought into line with the new market yields.
- Liquid assets are valued at their nominal value plus any accrued interest.
- The market value of securities and other assets that are denominated in a currency other than the currency of the subfund concerned and which are not hedged by currency transactions is converted at the middle rate between the buying and selling rates.

Valuation of futures transactions
The gains or losses on open futures contracts are determined on the basis of closing prices available at the balance sheet date and reported in the profit and loss account and statement of changes in net assets.
Valuation of forward exchange contracts
The unrealised gain/loss from outstanding forward exchange contracts is calculated and booked at the forward exchange rate on the valuation day (see Note 6).
Valuation of options
The valuation of options admitted to official trading or any other organised market is based on the last known price. Unlisted options or options not traded on an exchange or any other organised market are valued on the basis of the probable sales value, estimated in good faith.
Realised gains/losses on sales of securities
Realised gains or losses on the sales of securities are calculated on the basis of the average cost price of the securities sold.
Note 2 – Summary of key accounting methods Subfund currencies
The currency of the subfunds FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND, FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND, FISCH BOND GLOBAL HIGH YIELD FUND, FISCH BOND GLOBAL CORPORATES FUND and FISCH ABSOLUTE RETURN
GLOBAL MULTI ASSET FUND is the EUR, the currency of the subfunds FISCH CONVERTIBLE GLOBAL DYNAMIC FUND, FISCH CONVERTIBLE GLOBAL IG FUND*, FISCH BOND EM CORPORATES DEFENSIVE FUND, FISCH BOND EM CORPORATES
OPPORTUNISTIC FUND and FISCH BOND GLOBAL IG CORPORATES FUND* is the USD and the currency of the subfunds FISCH BOND GLOBAL CHF FUND, FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND and FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND is the CHF.
Exchange rates as at 31 December 2021:
CHF 1 = AUD 1.509544	CHF 1 = SGD 1.479614
CHF 1 = CAD 1.386324	CHF 1 = USD 1.097514
CHF 1 = EUR 0.965102
CHF 1 = GBP 0.810302
CHF 1 = HKD 8.556547
CHF 1 = JPY 126.384192
Combined annual financial statements
The combined annual financial statements are prepared in CHF. The various combined net assets as at 31 December 2021 correspond to those in the annual financial statements 
for 
each subfund converted into CHF at the exchange rate on the balance sheet date.
The combined annual financial statements include investments made by subfunds in other subfunds of the SICAV. As at 31 December 2021, these investments totalled CHF 17,125,721. Excluding these subfunds, investments totalled CHF 4,672,149,704.
Service fee
The fee payable to the Custodian, central administration agent, registrar and transfer agent (“service fee”) can range from 0.045% p.a. of the net asset value (sum of the minimum percentage rate for the three services performed at subfund level) up to a maximum of 2% p.a. of the net asset value (sum of the maximum percentage rate for the three services performed at subfund level), subject to a minimum fee of EUR 39,200 p.a. (sum of the minimum amounts for the three services performed at subfund level).
These fees are payable monthly and do not include any transaction costs and fees charged by subcustodians or similar service providers.
Cash expenditures (including and without limitation, costs for electronic data transfer and postage) which are not included in these fees will be reimbursed to the custodian, central administration agent, and registrar and transfer agent from the fund’s assets.
The amount paid from the fund assets to the Depositary bank, central administration agent, and registrar and transfer agent will be noted in the annual report.
Management company fees
For the services it provides, the management company receives a fee from the subfund’s assets equivalent to a maximum of 0.05% p.a. of the subfund's net assets (the "management company fee”).
Other costs
Costs pertaining to individual subfunds shall only be charged to the relevant subfunds; where this is not the case, namely where the costs pertain to the whole fund, these shall be charged to the individual subfunds in proportion to their net assets.
The fund forms a legal entity. In relation to third parties and in the relationships of unitholders with one another, each subfund is treated as a separate entity. This being so, each subfund is liable only for its own obligations which are attributed to that subfund in the net asset value calculation.
* see Note 1
Note 3 – Issue and redemption price
The net assets and the issue and redemption price of each fund unit are calculated on every day that banks are open for business in Luxembourg.
The issue price is the net asset value per unit valid at the time of payment, pursuant to the provisions in the prospectus, plus an issue commission of max. 3% in favour of the institution acting as distributor of the fund units.
In addition, in certain countries the issue price may be increased to cover locally applicable sales taxes, stamp duties and other charges. The payment of the issue price must be made within two bank business days after the respective valuation day.
The minimum subscription and issue commission also apply in the case of the delivery of securities or other assets. The redemption price for all unit classes corresponds to the net asset value per unit as set out in the current Prospectus. Note 4 – Taxation of the fund
The net assets are taxed at an annual rate of 0.05% of the reported net assets of the individual subfunds at the end of each quarter, payable quarterly. However, any part of the assets that is invested in another Luxembourg investment fund shall be excluded from such taxation. Where a subfund or unit class is reserved for subscription by institutional investors, the net assets of such subfund or unit class shall be taxed with a reduced taxe d'abonnement (subscription tax) of 0.01% p.a. No stamp duty or other tax is payable in Luxembourg on the issue of units, apart from a one-off tax of EUR 75 to be paid upon the establishment of the Fund. No tax is payable in Luxembourg on the realised or unrealised capital gains on the assets of the fund.
Note 5 - Investment manager Investment manager fee (maximum)
| Subfund | Class | ISIN | Maximum management fee p.a. |
| --- | --- | --- | --- |
| FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND | AC | LU0476938021 | 1.53% |
| AD | LU0402208283 | 1.53% |
| AE | LU0162829799 | 1.54% |
| AE2 | LU0162829872 | 1.51% |
| BC | LU0605323467 | 0.61% |
| BD | LU0402208523 | 0.61% |
| BE | LU0162831936 | 0.61% |
| BE2 | LU0909491952 | 0.61% |
| GE2 | LU2038979105 | 0.43% |
| HC | LU2168293871 | 0.40% |
| MC | LU0542657944 | - |
| RC | LU1909146232 | 1.02% |
| RE | LU1746216917 | 1.03% |
| VE | LU2299121603 | 0.54% |
| FISCH BOND GLOBAL CHF FUND | AC | LU0102603379 | 1.00% |
| BC | LU0102602561 | 0.50% |
| MC | LU1611490399 | - |

Note 5 - Investment manager (continued)
| FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND | AC | LU0162832405 | 1.54% |
| --- | --- | --- | --- |
| AD | LU0996292743 | 1.53% |
| AE | LU0476938294 | 1.54% |
| BC | LU0162832744 | 0.62% |
| BD | LU0996293121 | 0.56% |
| BE | LU0542658082 | 0.61% |
| BE2 | LU0605324192 | 0.61% |
| FC | LU2051220791 | 0.45% |
| MC | LU0428953698 | - |
| VC | LU2320030732 | 0.52% |
| VD | LU2320030815 | 0.52% |
| VE | LU2320030906 | 0.51% |
| FISCH CONVERTIBLE GLOBAL DYNAMIC FUND | AC | LU2049585727 | 1.50% |
| AE | LU2049586535 | 1.51% |
| BC | LU1816295502 | 0.74% |
| BD | LU1816295684 | 0.67% |
| BE | LU1816295411 | 0.75% |
| LC | LU1823589830 | 0.35% |
| LE | LU1823589756 | 0.35% |
| RE | LU2117756457 | 1.00% |
| FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND | AC | LU0428953342 | 1.49% |
| AD | LU0445341935 | 1.50% |
| AE | LU0428953425 | 1.50% |
| BC | LU1130246314 | 0.80% |
| BD | LU1130246405 | 0.80% |
| BE | LU1130246231 | 0.80% |
| BE2 | LU1253562653 | 0.80% |
| FC | LU2166502984 | 0.50% |
| FE | LU1915149980 | 0.50% |
| GE | LU2320458339 | 0.45% |
| MC | LU1099412550 | - |
| ME | LU1461846005 | - |
| RC | LU2289107679 | 1.03% |
| RE | LU1915149808 | 1.05% |
| VE | LU2299121785 | 0.62% |
| FISCH CONVERTIBLE GLOBAL IG FUND* | AC | LU2272747358 | 1.50% |
| BC | LU2272747606 | 0.65% |
| BD | LU2272747788 | 0.65% |
| BE | LU2272747861 | 0.65% |
| BE2 | LU2272747945 | 0.64% |
| LC | LU2272748083 | 0.35% |
| LD2 | LU2299121512 | 0.30% |
| LE2 | LU2272748166 | 0.35% |
| FISCH BOND EM CORPORATES DEFENSIVE FUND | AC | LU0504482406 | 1.20% |
| AD | LU0508301107 | 1.20% |
| AE | LU0504482315 | 1.20% |
| AE2 | LU1398574027 | 1.20% |
| BC | LU0504482661 | 0.60% |
| BD | LU0542658678 | 0.60% |
| BE | LU0504482588 | 0.60% |
| BE2 | LU0562928027 | 0.60% |
| BZC | LU0996294285 | 0.61% |
| FE2 | LU2166503107 | 0.50% |
| MC | LU1662787081 | - |
| RE | LU1746216750 | 0.80% |

* see Note 1
Note 5 - Investment manager (continued)
| FISCH BOND EM CORPORATES OPPORTUNISTIC FUND | BC | LU1416321914 | 0.73% |
| --- | --- | --- | --- |
| BD | LU1416322136 | 0.73% |
| BE | LU1416321831 | 0.74% |
| BE2 | LU1461846773 | 0.77% |
| VC | LU2403127868 | 0.63% |
| VE | LU2403127942 | 0.62% |
| FISCH BOND GLOBAL HIGH YIELD FUND | AC2 | LU1039931727 | 1.20% |
| AD2 | LU1966010313 | 1.19% |
| AE | LU1569827170 | 1.20% |
| AE2 | LU1039931131 | 1.21% |
| BC | LU1353175273 | 0.60% |
| BD | LU1253563115 | 0.60% |
| BE | LU1083847274 | 0.60% |
| BE2 | LU1816295767 | 0.60% |
| HC | LU2079712274 | 0.40% |
| HE | LU2079712944 | 0.40% |
| MC | LU1039932618 | - |
| ME | LU1083847357 | - |
| RC2 | LU1880995995 | 0.80% |
| RD2 | LU1966010826 | 0.80% |
| FISCH BOND GLOBAL CORPORATES FUND | AC | LU 1461846260 | 0.90% |
| AD | LU1461846344 | 0.90% |
| AE | LU 1461846427 | 0.90% |
| AE2 | LU1461846690 | 0.90% |
| BC | LU1075315488 | 0.45% |
| BD | LU1882613703 | 0.45% |
| BE | LU1075314754 | 0.45% |
| FE2 | LU2262307007 | 0.37% |
| GC | LU1975522472 | 0.35% |
| GE | LU1975521581 | 0.35% |
| FISCH BOND GLOBAL IG CORPORATES FUND* | BC | LU2329724244 | 0.35% |
| BD | LU2329724327 | 0.35% |
| BE2 | LU2329724160 | 0.35% |
| LC | LU2329724673 | 0.20% |
| LE2 | LU2329724590 | 0.20% |
| FISCH ABSOLUTE RETURN GLOBAL MULTI ASSET FUND | AC2 | LU0997996508 | 1.20% |
| AE2 | LU0997985303 | 1.20% |
| BC | LU0997999601 | 0.60% |
| BE | LU1253562810 | 0.59% |
| MC | LU0998002165 | - |
| ME | LU1542194128 | - |
| FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND | AC2 | LU1316411096 | 0.80% |
| AE2 | LU1316412144 | 0.80% |
| BC2 | LU1316411252 | 0.40% |
| BE | LU1316412573 | 0.40% |
| MC | LU1316411682 | - |
| ME | LU1542194805 | - |

The investment manager receives a quarterly fee (“management fee”) calculated on the basis of an annual percentage of the subfund’s average total assets during the quarter in question.
The management fee includes portfolio management fees payable to third parties for introducing and servicing investors.
* see Note 1
Note 6 – Outstanding forward exchange contracts
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | EUR |
| CHF | 947 | EUR | 914 | 03/01/2022 | 0 |
| EUR | 1 | CHF | 1 | 03/01/2022 | 0 |
| CHF | 262,075,080 | EUR | 251,824,955 | 14/01/2022 | 1,125,445 |
| EUR | 31,675,598 | CHF | 32,959,602 | 14/01/2022 | (136,437) |
| EUR | 702,620 | USD | 792,536 | 14/01/2022 | 5,899 |
| USD | 11,232,007 | EUR | 9,950,054 | 14/01/2022 | (75,945) |
| EUR | 7,482,760 | CHF | 7,800,000 | 15/03/2022 | (48,169) |
| EUR | 7,202,723 | HKD | 63,555,000 | 15/03/2022 | 44,238 |
| EUR | 54,701,941 | JPY | 7,025,000,000 | 15/03/2022 | 1,105,844 |
| EUR | 324,620,336 | USD | 367,250,000 | 15/03/2022 | 2,170,148 |
| HKD | 5,500,000 | EUR | 624,406 | 15/03/2022 | (4,911) |
| JPY | 850,000,000 | EUR | 6,643,231 | 15/03/2022 | (158,173) |
| USD | 100,500,000 | EUR | 88,967,433 | 15/03/2022 | (726,251) |
|  |  |  |  |  | 3,301,688 |

FISCH Umbrella Fund - FISCH BOND GLOBAL CHF FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | CHF |
| EUR | 7,961 | CHF | 8,236 | 03/01/2022 | 14 |
| CHF | 30,461,115 | EUR | 29,224,330 | 15/03/2022 | 192,798 |
| CHF | 25,992 | HKD | 220,000 | 15/03/2022 | 327 |
| CHF | 3,327,602 | JPY | 410,000,000 | 15/03/2022 | 87,877 |
| CHF | 14,089,469 | USD | 15,290,000 | 15/03/2022 | 185,263 |
|  |  |  |  |  | 	466,279 |

FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | CHF |
| CHF | 31 | EUR | 30 | 03/01/2022 | 0 |
| EUR | 12,355 | CHF | 12,781 | 03/01/2022 | 21 |
| EUR | 274,318 | CHF | 284,154 | 04/01/2022 | 77 |
| CHF | 1,316,664 | EUR | 1,266,025 | 14/01/2022 | 4,970 |
| CHF | 46,591 | USD | 50,379 | 14/01/2022 | 705 |
| EUR | 39,441,476 | CHF | 41,052,032 | 14/01/2022 | (187,783) |
| USD | 4,314,549 | CHF | 3,978,167 | 14/01/2022 | (48,405) |
| CHF | 91,306,118 | EUR | 87,642,000 | 15/03/2022 | 533,244 |
| CHF | 365,956 | GBP | 300,000 | 15/03/2022 | (3,446) |
| CHF | 7,611,116 | HKD | 64,400,000 | 15/03/2022 | 98,424 |
| CHF | 18,511,269 | JPY | 2,279,300,000 | 15/03/2022 | 500,788 |
| CHF | 2,173,150 | SGD | 3,224,000 | 15/03/2022 | (747) |

Note 6 – Outstanding forward exchange contracts (continued)
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | CHF |
| CHF | 226,990,156 | USD | 246,059,135 | 15/03/2022 | 3,232,845 |
| USD | 9,461,614 | CHF | 8,726,457 | 15/03/2022 | (122,167) |
|  |  |  |  |  | 4,008,526 |

FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DYNAMIC FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | USD |
| CHF | 76,046,953 | USD | 82,492,284 | 14/01/2022 | 1,000,882 |
| EUR | 27,786,599 | USD | 31,369,876 | 14/01/2022 | 237,965 |
| USD | 2,439,723 | CHF | 2,254,231 | 14/01/2022 | (35,220) |
| USD | 771,805 | EUR | 683,885 | 14/01/2022 | (6,127) |
| CHF | 1,812,261 | USD | 1,965,000 | 15/03/2022 | 27,832 |
| EUR | 619,535 | USD | 700,000 | 15/03/2022 | 5,604 |
| USD | 3,986,671 | CHF | 3,672,000 | 15/03/2022 | (51,105) |
| USD | 28,098,412 | EUR | 24,842,000 | 15/03/2022 | (194,444) |
| USD | 1,230,915 | HKD | 9,600,000 | 15/03/2022 | (601) |
| USD | 4,249,185 | JPY | 482,400,000 | 15/03/2022 | 57,382 |
|  |  |  |  |  | 1,042,168 |

FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | EUR |
| CHF | 1 | EUR | 1 | 03/01/2022 | 0 |
| CHF | 82,425 | EUR | 79,651 | 04/01/2022 | (101) |
| USD | 4,824 | EUR | 4,259 | 04/01/2022 | (17) |
| CHF | 398,396,303 | EUR | 382,815,795 | 14/01/2022 | 1,709,529 |
| EUR | 10,557,270 | CHF | 10,998,502 | 14/01/2022 | (58,294) |
| EUR | 758,115 | USD | 855,910 | 14/01/2022 | 5,682 |
| USD | 27,800,417 | EUR | 24,628,224 | 14/01/2022 | (188,748) |
| EUR | 17,489,424 | AUD | 27,650,000 | 15/03/2022 | (165,212) |
| EUR | 13,245,059 | CHF | 13,800,000 | 15/03/2022 | (78,896) |
| EUR | 13,370,132 | GBP | 11,400,000 | 15/03/2022 | (183,016) |
| EUR | 19,475,670 | HKD | 171,500,000 | 15/03/2022 | 158,908 |
| EUR | 58,691,371 | JPY | 7,526,100,000 | 15/03/2022 | 1,272,290 |
| EUR | 391,530,334 | USD | 442,100,000 | 15/03/2022 | 3,362,024 |
| USD | 7,000,000 | EUR | 6,175,136 | 15/03/2022 | (28,984) |
|  |  |  |  |  | 5,805,165 |

Note 6 – Outstanding forward exchange contracts (continued)
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL IG FUND*:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | USD |
| CHF | 51,749,095 | USD | 56,131,979 | 14/01/2022 | 684,179 |
| EUR | 74,237,456 | USD | 83,810,545 | 14/01/2022 | 636,120 |
| USD | 1,251,529 | CHF | 1,154,962 | 14/01/2022 | (16,515) |
| USD | 1,781,639 | EUR | 1,578,041 | 14/01/2022 | (13,412) |
| USD | 8,247,259 | CHF | 7,600,000 | 15/03/2022 | (109,785) |
| USD | 66,235,162 | EUR | 58,550,000 | 15/03/2022 | (448,159) |
| USD | 1,230,802 | HKD | 9,600,000 | 15/03/2022 | (715) |
| USD | 12,156,058 | JPY | 1,380,000,000 | 15/03/2022 | 164,584 |
|  |  |  |  |  | 896,297 |

FISCH Umbrella Fund - FISCH BOND EM CORPORATES DEFENSIVE FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | USD |
| CHF | 0 | USD | 0 | 03/01/2022 | 0 |
| EUR | 24,880 | USD | 28,258 | 03/01/2022 | 37 |
| EUR | 465 | USD | 527 | 04/01/2022 | 2 |
| USD | 9,204,479 | EUR | 7,950,000 | 07/01/2022 | 162,485 |
| CHF | 232,418,903 | USD | 252,096,043 | 14/01/2022 | 3,080,389 |
| EUR | 551,184,546 | USD | 622,247,678 | 14/01/2022 | 4,736,318 |
| USD | 222,527 | CHF | 205,211 | 14/01/2022 | (2,777) |
| USD | 4,781,469 | EUR | 4,226,564 | 14/01/2022 | (26,328) |
|  |  |  |  |  | 7,950,126 |

FISCH Umbrella Fund - FISCH BOND EM CORPORATES OPPORTUNISTIC FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | USD |
| USD | 16 | CHF | 15 | 03/01/2022 | 0 |
| USD | 1,702,554 | EUR | 1,470,000 | 07/01/2022 | 30,638 |
| CHF | 22,929,580 | USD | 24,870,377 | 14/01/2022 | 304,375 |
| EUR | 42,757,232 | USD | 48,270,569 | 14/01/2022 | 366,681 |
| USD | 250,398 | CHF | 229,734 | 14/01/2022 | (1,830) |
| USD | 452,140 | EUR | 401,179 | 14/01/2022 | (4,208) |
|  |  |  |  |  | 695,656 |

* see Note 1
Note 6 – Outstanding forward exchange contracts (continued)
FISCH Umbrella Fund - FISCH BOND GLOBAL HIGH YIELD FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | EUR |
| CHF | 2,259 | EUR | 2,180 | 03/01/2022 | 0 |
| EUR | 0 | CHF | 0 | 03/01/2022 | 0 |
| CHF | 9,261 | EUR | 8,949 | 04/01/2022 | (11) |
| CHF | 199,618,397 | EUR | 191,807,526 | 14/01/2022 | 860,748 |
| EUR | 10,035,094 | CHF | 10,461,156 | 14/01/2022 | (61,829) |
| USD | 86,196,705 | EUR | 76,362,908 | 14/01/2022 | (586,985) |
| EUR | 26,586,436 | GBP | 22,500,000 | 20/01/2022 | (199,882) |
| EUR | 595,930,288 | USD | 691,900,000 | 20/01/2022 | (12,250,761) |
| GBP | 1,150,000 | EUR | 1,350,771 | 20/01/2022 | 18,303 |
| USD | 57,800,000 | EUR | 50,915,914 | 20/01/2022 | (110,052) |
|  |  |  |  |  | (12,330,469) |

FISCH Umbrella Fund - FISCH BOND GLOBAL CORPORATES FUND:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | EUR |
| CHF | 5,335 | EUR | 5,148 | 03/01/2022 | 0 |
| CHF | 13,075 | EUR | 12,636 | 04/01/2022 | (16) |
| CHF | 170,135,484 | EUR | 163,479,009 | 14/01/2022 | 732,859 |
| EUR | 65 | CHF | 67 | 14/01/2022 | 0 |
| USD | 4,477,999 | EUR | 3,967,125 | 14/01/2022 | (30,495) |
| EUR | 621,471 | CAD | 890,000 | 10/02/2022 | 2,443 |
| EUR | 8,669,206 | GBP | 7,290,000 | 10/02/2022 | (5,134) |
| EUR | 246,266,434 | USD | 279,600,000 | 10/02/2022 | 601,871 |
| USD | 15,020,979 | EUR | 13,241,319 | 10/02/2022 | (43,430) |
|  |  |  |  |  | 1,258,098 |

FISCH Umbrella Fund - FISCH BOND GLOBAL IG CORPORATES FUND*:
| Purchase of |  | Sale of |  | Maturity | Unrealised gain/(loss) |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | USD |
| CHF | 15,169,869 | USD | 16,454,024 | 14/01/2022 | 201,219 |
| EUR | 97,853,679 | USD | 110,469,366 | 14/01/2022 | 841,248 |
| CAD | 256,050 | USD | 200,000 | 10/02/2022 | 2,694 |
| EUR | 6,258,139 | USD | 7,080,000 | 10/02/2022 | 42,608 |
| GBP | 1,100,000 | USD | 1,459,545 | 10/02/2022 | 30,142 |
| USD | 301,463 | CAD | 380,000 | 10/02/2022 | 647 |
| USD | 30,476,625 | EUR | 26,840,000 | 10/02/2022 | (70,861) |
| USD | 4,913,991 | GBP | 3,645,000 | 10/02/2022 | 	(22,293) |
|  |  |  |  |  | 1,025,404 |

Translation (ENDE, 2021-12-31):
# Erläuterungen zum Jahresbericht zum 31. Dezember 2021 (Anhang)
Erläuterung 1 – Allgemeines
FISCH Umbrella Fund (hiernach "Fonds" genannt) ist eine Investmentgesellschaft mit variablem Kapital (société d’investissement à capital variable, SICAV) in der Form einer Aktiengesellschaft nach luxemburgischem Recht. Der Fonds unterliegt Teil I des geänderten Luxemburger Gesetzes vom 17. Dezember 2010 über die Organismen für gemeinsame Anlagen in seiner jeweils gültigen Fassung (das „Gesetz von 2010“). Soweit das Gesetz von 2010 keine speziellen Regelungen trifft, gelten die Bestimmungen des Gesetzes vom 10. August 1915 über Handelsgesellschaften. Der Fonds ist auf unbestimmte Zeit gegründet worden, er übt seine Tätigkeit als eine sogenannte fremdverwaltete Investmentgesellschaft aus. Sein Sitz befindet sich in 5, rue Heienhaff, L-1736 Senningerberg. Der Fonds ist unter der Nummer B-220850 in das Handels- und Gesellschaftsregister von Luxemburg (Registre de Commerce et des Sociétés, Luxembourg) eingetragen. Die Satzung wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt und sie wird im Recueil Electronique des Sociétés et Associations („RESA“) veröffentlicht.
Ursprünglich, wurde der Fonds unter dem Namen EXPERTA FUND gemäß dem ersten Teil des Luxemburger Gesetzes vom 30. März 1988 über Organismen für gemeinsame Anlagen als Sondervermögen (fonds commun de placement) durch die EXPERTA MANAGEMENT AG, die mit Wirkung zum 31. Dezember 2006 in FISCH FUND SERVICES AG umbenannt wurde (hiernach "Verwaltungsgesellschaft" genannt), gegründet. Der Fonds wurde zum 1. Januar 2018 in eine Investmentgesellschaft umgewandelt. Sein Geschäftsjahr beginnt am 1. Januar und endet am 31. Dezember eines jeden Kalenderjahres.
Vor dem Erwerb von Anteilen werden dem Anleger kostenlos die wesentlichen Anlegerinformationen ("Key Investor Information Document(s)"/ "KIID (s)“) zur Verfügung gestellt. Der Fonds bietet den Anlegern die Möglichkeit, in eine Investmentgesellschaft nach luxemburgischem Recht zu investieren.
Anteile im Fonds werden auf den Namen ausgestellt. Auf den Namen lautende Anteile werden grundsätzlich in zertifikatloser Form, belegt durch eine bei Ausgabe oder Umtausch von Anteilen ausgestellte Bestätigung, über die Verwahrstelle nach Zahlung des Ausgabepreises an die Verwahrstelle ausgegeben. Auf ausdrückliche Anfrage des Anteileigentümers können Namenszertifikate ausgestellt werden. In diesem Falle werden die Anteile bis auf Tausendstel Anteile zugeteilt und in ein auf den Namen des Anteileigentümers lautenden Investmentdepot bei der Register- und Transferstelle eingetragen. Der Verwaltungsrat des Fonds kann zusätzlich oder alternativ auch die Verbriefung in Globalzertifikaten vorsehen. Jeder Anteil berechtigt zu einer Stimme auf den Hauptversammlungen des Fonds. Bruchteile von Anteilen gewähren keine Stimmrechte, berechtigen aber zur Teilnahme im Fall der Liquidation des betreffenden Teilfonds bzw. im Fall der Liquidation des Fonds zur Teilnahme am Liquidationserlös. Der Fonds hat die Anteile nicht an einer Börse oder einem geregelten Markt notieren lassen. Die Rechte und Pflichten der Anteilinhaber, der Verwaltungsgesellschaft sowie der Verwahrstelle werden im Verkaufsprospekt geregelt. Durch den Erwerb eines Anteils erkennt der Anteilinhaber den Verkaufsprospekt sowie dessen rechtsgültige, zukünftige Änderungen an.
Die Fisch Asset Management AG fungiert als Anlageverwalter des FISCH Umbrella Fund bestehend aus folgenden Teilfonds: FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DEFENSIVE FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL CHF FUND
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL OPPORTUNISTIC FUND FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL DYNAMIC FUND FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL SUSTAINABLE FUND
FISCH Umbrella Fund - FISCH CONVERTIBLE GLOBAL IG FUND (Geöffnet am 29. Januar 2021) FISCH Umbrella Fund - FISCH BOND EM CORPORATES DEFENSIVE FUND
FISCH Umbrella Fund - FISCH BOND EM CORPORATES OPPORTUNISTIC FUND FISCH Umbrella Fund - FISCH BOND GLOBAL HIGH YIELD FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL CORPORATES FUND
FISCH Umbrella Fund - FISCH BOND GLOBAL IG CORPORATES FUND (Geöffnet am 26. April 2021) FISCH Umbrella Fund - FISCH ABSOLUTE RETURN GLOBAL MULTI ASSET FUND
FISCH Umbrella Fund - FISCH ABSOLUTE RETURN GLOBAL FIXED INCOME FUND.
Dokumentation, Preisveröffentlichung
Die geprüften Jahresberichte und die ungeprüften Halbjahresberichte werden den Anlegern am Sitz der Verwaltungsgesellschaft, bei der Verwahrstelle sowie bei jeder Zahlstelle oder jedem Vertreter in den Ländern, in denen der Fonds vertrieben wird, kostenlos zur Verfügung gestellt: Belgien, Deutschland, Frankreich, Liechtenstein, Niederlande, Österreich, Schweiz. Außerdem stehen den Anlegern sämtliche jeweils gültige Fondsunterlagen auf www.fundinfo.com und www.fischumbrellafund.com zur Verfügung.
Der Nettoinventarwert pro Anteil sowie die Ausgabe- und Rücknahmepreise der Anteile sind jeweils an jedem Bewertungstag am Sitz der Investmentgesellschaft sowie bei der deutschen Zahl- und Informationsstelle verfügbar. Zusätzlich werden sie auf www.fundinfo.com publiziert.