## Note 8 – Total Expense Ratio (TER)
This ratio was calculated in accordance with the Asset Management Association Switzerland (AMAS) / Swiss Funds & Asset Management Association (SFAMA) “Gui- delines on the calculation and disclosure of the TER” in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets.
TER for the last 12 months:
Focused SICAV	Total Expense Ratio (TER)
- Corporate Bond EUR F-acc	0.21%
- Corporate Bond EUR (CHF hedged) F-acc	0.22%
- Corporate Bond EUR (USD hedged) F-acc	0.22%
- Corporate Bond EUR F-UKdist	0.21%
- Corporate Bond EUR (GBP hedged) F-UKdist	0.22%
- Equity Overlay Fund I CHF F-acc	0.68%
- Equity Overlay Fund II CHF F-acc	0.68%
- Global Bond (USD) F-acc	0.22%
- Global Bond (CHF hedged) F-acc	0.23%
- Global Bond (EUR hedged) F-acc	0.23%
- Global Bond (GBP hedged) F-acc	0.23%
- Global Bond (JPY hedged) F-acc	0.23%
- Global Bond F-UKdist	0.22%
- Global Bond (CHF hedged) F-UKdist	0.23%
- Global Bond (EUR hedged) F-UKdist	0.23%
- Global Bond (GBP hedged) F-UKdist	0.23%
- High Grade Bond CHF F-acc	0.16%
- High Grade Bond CHF F-UKdist	0.16%
- High Grade Bond EUR F-acc	0.16%
- High Grade Bond EUR F-UKdist	0.16%
- High Grade Bond GBP F-acc	0.16%
- High Grade Bond GBP F-UKdist	0.16%
- High Grade Bond USD F-acc	0.14%
- High Grade Bond USD (CHF hedged) F-acc	0.14%
- High Grade Bond USD (EUR hedged) F-acc	0.15%
- High Grade Bond USD (GBP hedged) F-acc	0.14%
- High Grade Bond USD (JPY hedged) F-acc	0.15%Focused SICAVAnnual report and audited financial statements as of 31 October 2021Focused SICAV	Total Expense Ratio (TER)
- High Grade Bond USD (SGD hedged) F-acc	0.15%
- High Grade Bond USD F-UKdist	0.14%
- High Grade Bond USD (CHF hedged) F-UKdist	0.15%
- High Grade Bond USD (EUR hedged) F-UKdist	0.15%
- High Grade Bond USD (GBP hedged) F-UKdist	0.15%
- High Grade Long Term Bond CHF F-acc	0.16%
- High Grade Long Term Bond CHF F-UKdist	0.16%
- High Grade Long Term Bond EUR F-acc	0.15%
- High Grade Long Term Bond EUR (CHF hedged) F-acc	0.16%
- High Grade Long Term Bond EUR (USD hedged) F-acc	0.16%
- High Grade Long Term Bond EUR F-UKdist	0.16%
- High Grade Long Term Bond GBP F-acc	0.16%
- High Grade Long Term Bond GBP F-UKdist	0.16%
- High Grade Long Term Bond USD F-acc	0.15%
- High Grade Long Term Bond USD (CHF hedged) F-acc	0.16%
- High Grade Long Term Bond USD (EUR hedged) F-acc	0.16%
- High Grade Long Term Bond USD (GBP hedged) F-acc	0.15%
- High Grade Long Term Bond USD (JPY hedged) F-acc	0.17%
- High Grade Long Term Bond USD (SGD hedged) F-acc	0.17%
- High Grade Long Term Bond USD F-UKdist	0.16%
- High Grade Long Term Bond USD (CHF hedged) F-UKdist	0.17%
- High Grade Long Term Bond USD (EUR hedged) F-UKdist	0.17%
- High Grade Long Term Bond USD (GBP hedged) F-UKdist	0.17%
- US Corporate Bond Sustainable USD F-acc	0.26%
- US Corporate Bond Sustainable USD (CHF hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (EUR hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (GBP hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (JPY hedged) F-acc	0.25%
- US Corporate Bond Sustainable USD (GBP hedged) F-dist	0.27%
- US Corporate Bond Sustainable USD (CHF hedged) F-UKdist	0.26%
- US Treasury Bond USD F-acc	0.07%
- US Treasury Bond USD (CHF hedged) F-acc	0.08%
- US Treasury Bond USD (EUR hedged) F-acc	0.08%
- World Bank Bond USD F-acc	0.18%
- World Bank Bond USD (CHF hedged) F-acc	0.19%
- World Bank Bond USD (EUR hedged) F-acc	0.19%
- World Bank Bond USD (GBP hedged) F-acc	0.19%
- World Bank Bond USD (CHF hedged) F-dist	0.19%
- World Bank Long Term Bond USD F-acc	0.18%
- World Bank Long Term Bond USD (CHF hedged) F-acc	0.19%
- World Bank Long Term Bond USD (EUR hedged) F-acc	0.19%
- World Bank Long Term Bond USD (GBP hedged) F-acc	0.19%
- World Bank Long Term Bond USD (CHF hedged) F-dist	0.19%The TER for classes of shares which were active less than a 12 month period are annualised.

Translation (ENDE, 2021-10-31):
## Erläuterung 8 – Total Expense Ratio (TER)
Diese Kennziffer wurde gemäss der "Richtlinie zur Berech- nung und Offenlegung der TER" der Asset Manage- ment Association Switzerland (AMAS) / Swiss Funds & Asset Management Association (SFAMA) in der aktuell gültigen Fassung berechnet und drückt die Gesamtheit derjenigen Kommissionen und Kosten, die laufend dem Nettovermögen belastet werden (Betriebsaufwand), ret- rospektiv in einem %-Satz des Nettovermögens aus.
TER für die letzten 12 Monate:
Focused SICAV	Total Expense Ratio (TER)
- Corporate Bond EUR F-acc	0.21%
- Corporate Bond EUR (CHF hedged) F-acc	0.22%
- Corporate Bond EUR (USD hedged) F-acc	0.22%
- Corporate Bond EUR F-UKdist	0.21%
- Corporate Bond EUR (GBP hedged) F-UKdist	0.22%
- Equity Overlay Fund I CHF F-acc	0.68%
- Equity Overlay Fund II CHF F-acc	0.68%
- Global Bond (USD) F-acc	0.22%Focused SICAV	Total Expense Ratio (TER)
- Global Bond (CHF hedged) F-acc	0.23%
- Global Bond (EUR hedged) F-acc	0.23%
- Global Bond (GBP hedged) F-acc	0.23%
- Global Bond (JPY hedged) F-acc	0.23%
- Global Bond F-UKdist	0.22%
- Global Bond (CHF hedged) F-UKdist	0.23%
- Global Bond (EUR hedged) F-UKdist	0.23%
- Global Bond (GBP hedged) F-UKdist	0.23%
- High Grade Bond CHF F-acc	0.16%
- High Grade Bond CHF F-UKdist	0.16%
- High Grade Bond EUR F-acc	0.16%
- High Grade Bond EUR F-UKdist	0.16%
- High Grade Bond GBP F-acc	0.16%
- High Grade Bond GBP F-UKdist	0.16%
- High Grade Bond USD F-acc	0.14%
- High Grade Bond USD (CHF hedged) F-acc	0.14%
- High Grade Bond USD (EUR hedged) F-acc	0.15%
- High Grade Bond USD (GBP hedged) F-acc	0.14%
- High Grade Bond USD (JPY hedged) F-acc	0.15%
- High Grade Bond USD (SGD hedged) F-acc	0.15%
- High Grade Bond USD F-UKdist	0.14%
- High Grade Bond USD (CHF hedged) F-UKdist	0.15%
- High Grade Bond USD (EUR hedged) F-UKdist	0.15%
- High Grade Bond USD (GBP hedged) F-UKdist	0.15%
- High Grade Long Term Bond CHF F-acc	0.16%
- High Grade Long Term Bond CHF F-UKdist	0.16%
- High Grade Long Term Bond EUR F-acc	0.15%
- High Grade Long Term Bond EUR (CHF hedged) F-acc	0.16%
- High Grade Long Term Bond EUR (USD hedged) F-acc	0.16%
- High Grade Long Term Bond EUR F-UKdist	0.16%
- High Grade Long Term Bond GBP F-acc	0.16%
- High Grade Long Term Bond GBP F-UKdist	0.16%
- High Grade Long Term Bond USD F-acc	0.15%
- High Grade Long Term Bond USD (CHF hedged) F-acc	0.16%
- High Grade Long Term Bond USD (EUR hedged) F-acc	0.16%
- High Grade Long Term Bond USD (GBP hedged) F-acc	0.15%
- High Grade Long Term Bond USD (JPY hedged) F-acc	0.17%
- High Grade Long Term Bond USD (SGD hedged) F-acc	0.17%
- High Grade Long Term Bond USD F-UKdist	0.16%
- High Grade Long Term Bond USD (CHF hedged) F-UKdist	0.17%
- High Grade Long Term Bond USD (EUR hedged) F-UKdist	0.17%
- High Grade Long Term Bond USD (GBP hedged) F-UKdist	0.17%
- US Corporate Bond Sustainable USD F-acc	0.26%
- US Corporate Bond Sustainable USD (CHF hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (EUR hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (GBP hedged) F-acc	0.26%
- US Corporate Bond Sustainable USD (JPY hedged) F-acc	0.25%
- US Corporate Bond Sustainable USD (GBP hedged) F-dist	0.27%
- US Corporate Bond Sustainable USD (CHF hedged) F-UKdist	0.26%
- US Treasury Bond USD F-acc	0.07%
- US Treasury Bond USD (CHF hedged) F-acc	0.08%
- US Treasury Bond USD (EUR hedged) F-acc	0.08%
- World Bank Bond USD F-acc	0.18%
- World Bank Bond USD (CHF hedged) F-acc	0.19%
- World Bank Bond USD (EUR hedged) F-acc	0.19%
- World Bank Bond USD (GBP hedged) F-acc	0.19%
- World Bank Bond USD (CHF hedged) F-dist	0.19%
- World Bank Long Term Bond USD F-acc	0.18%
- World Bank Long Term Bond USD (CHF hedged) F-acc	0.19%Focused SICAV Jahresbericht und geprüfter Jahresabschluss per 31. Oktober 2021Focused SICAV	Total Expense Ratio (TER)
- World Bank Long Term Bond USD (EUR hedged) F-acc	0.19%
- World Bank Long Term Bond USD (GBP hedged) F-acc	0.19%
- World Bank Long Term Bond USD (CHF hedged) F-dist	0.19%Die TER für die Aktienklassen, die weniger als 12 Monate im Umlauf waren, wurden annualisiert.