Collective Investment Vehicles Ontology
type: Ontology
abstract: Reference data terms and non time dependent facts about funds and CIVs.
license: https://opensource.org/licenses/MIT
imports: FunctionalEntities
imports: EUGovernmentEntitiesAndJurisdictions
imports: CorporateBodies
imports: FormalBusinessOrganizations
imports: LegalPersons
imports: OwnershipParties
imports: Debt
imports: FinancialInstruments
imports: Settlement
imports: ClientsAndAccounts
imports: FinancialProductsAndServices
imports: AccountingEquity
imports: CurrencyAmount
imports: Contracts
imports: Documents
imports: Lifecycles
imports: Ratings
imports: BusinessDates
imports: FinancialDates
imports: Objectives
imports: Jurisdiction
imports: LegalCapacity
imports: LegalCore
imports: Organizations
imports: Ownership
imports: Parties
imports: Roles
imports: Relations
imports: Analytics
imports: AnnotationVocabulary
imports: Indicators
imports: EquityInstruments
imports: Funds
imports: SecuritiesClassification
imports: SecuritiesIdentification
imports: SecuritiesIssuance
imports: SecuritiesRestrictions
imports: SecurityAssets
imports: Classifiers
imports: Collections
imports: ContextualDesignators
imports: DatesAndTimes
imports: Designators
imports: CountryRepresentation
has maturity level: Provisional
copyright: Copyright (c) 2013-2023 EDM Council, Inc.

SpecialPurposeVehicle
type: Class
subclass of: Restriction
  on property: holds
  some values from: CollectiveInvestmentVehicle
subclass of: Restriction
  on property: is set up for
  some values from: funds creation
subclass of: Restriction
  on property: is set up for
  some values from: s p v purpose
explanatory note: A Special Purpose Vehicle (SPV) set up specifically to issue a security or securities. It is set up by a company or a group of companies for some purpose such as to create instruments that are off the company's balance sheet or to issue Participation Notes for investors in another jurisdiction. The SPV is formed for a specific reason and exists for a specific period of time and is then disbanded. Further notes: Special Purpose Vehicles are also referred to as bankruptcy remote entities, as they isolate financial risk. For Participation Notes: slightly different purpose but the same kind of vehicle. The only investment made by the SPV is that they buy in the stock. These are the same kind of entity in all of the contexts in which they exist.

accumulating share class
type: Class
subclass of: fund share class unit
disjoint with: distributing share class
definition: A share class in which there is no option to reinvest.
explanatory note: This fact would be determined by the fund unit having a specific Fund Distribution Policy of Accumulating.

annual reporting policy
type: Class
subclass of: reporting frequency policy
definition: Reports are presented once a year

annualized performance determination method
type: Class
subclass of: performance determination method
definition: Annualized performance determination.

asset class strategy
type: Class
subclass of: fund portfolio investment limitations
subclass of: Restriction
  on property: identifies asset types by
  some values from: FinancialInstrumentClassifier
definition: Strategy which is asset class based.
explanatory note: EFAMA: The type of securities or other holdings that may be invested in. FIBIM: Strategy which is asset class based. Can implement this in terms of a classification of those things. Wording implies this is a policy.

bricks and mortar holding
type: Class
subclass of: PortfolioHolding
subclass of: Restriction
  on property: takes form of
  some values from: RealEstate
definition: A holding of built property.

common share in fund
type: Class
subclass of: fund share class unit
disjoint with: preferred share in fund
definition: A share unit in a fund, which is classified as a Common Share class.
explanatory note: SR Review session notes: US: Closed and open ended funds may have common and preferred shares.

currency strategy
type: Class
subclass of: fund portfolio investment limitations
definition: Strategy which is currency based.

debt stake in fund
type: Class
subclass of: stake in fund
definition: A stake held in a fund by way of a Bond Unit.
explanatory note: Note that you cannot buy fractional amounts in a bond. Review Session Note: Similar to what happens in a CDO where the collaterial manager and the issuer are two different entities. So model this along the same lines as the SPV in the structured finance model. Therefore: further modeling and review required

distributing share class
type: Class
subclass of: fund share class unit

equity asset
type: Class
subclass of: PortfolioHolding
subclass of: Restriction
  on property: hasIdentity
  all values from: Share
definition: The holding of equity securities in a portfolio.

equity fund
type: Class
subclass of: CollectiveInvestmentVehicle
subclass of: Restriction
  on property: comprises
  some values from: equity portfolio
definition: A fund which invests in at least 85% shares.

equity portfolio
type: Class
subclass of: fund portfolio
definition: A portfolio which has at least 85% exposure to shares.

equity stake in fund
type: Class
subclass of: stake in fund
definition: A stake held in a fund by way of a Share Class Unit.
explanatory note: Theoretically you can buy a fraction of a share in a fund. This would depend on the legal structure of the fund, e.g. a minimum investment. There is always a distribution plan.

f c p
type: Class
subclass of: FunctionalBusinessEntity
definition: A French fund vehicle type. Designation and definition needed.

fund accountant
type: Class
subclass of: funds processing party
definition: The party that keeps accounting records of the available assets and liabilities of the Fund. It calculates dealing prices, the Net Asset Value (NAV) of the Fund, and may provide fund performance and tax data. Can be subcontracted by the FundAdministrator.

fund administrator
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: may also be
  some values from: unit issuer
subclass of: Restriction
  on property: processing party has identity
  some values from: LegalEntity
definition: Entity that has to fulfil the legal and supervisory requirements of the fund. Responsible for all the business purposes around the investment pool, and so is reponsible for the issuing of the shares.
explanatory note: If the unit is a bond, then the issuer is separate from the Fund Administrator. WG11 text: The party in charge of financial accounting, NAV calculation, management and performance fee calculation. Can also be in charge of orders centralisation and registration. Definition origin:EFAMA DD

fund auditor
type: Class
subclass of: funds processing party
definition: The party that is in charge of examining and verifying a fund's financial and accounting records as well as supporting documents and fulfilment of legal requirements. Definition origin:EFAMA DD

fund bond class unit
type: Class
subclass of: FundUnit
subclass of: Restriction
  on property: definesTermsFor
  some values from: fund debt
subclass of: Restriction
  on property: has distributiojn policy
  some values from: fund unit distribution policy
subclass of: Restriction
  on property: has expected coupon
  some values from: fund bond unit coupon
definition: A fund unit which takes the form of debt in that fund.
explanatory note: From EFAMA Review: called denominations e.g. issued in $5000 pieces. You cannot buy fractional amounts in a bond.

fund bond unit coupon
type: Class
subclass of: InterestRate
subclass of: Restriction
  on property: has policy terms
  some values from: fund coupon policy
definition: A fixed coupon paid out to holders of the Fund Bond Unit.

fund cash distribution policy
type: Class
subclass of: fund unit distribution policy
definition: Policy for distribution of cash dividends or notes in the event that the fund units have a distribution policy of "Cash" rather than "Reinvestment".

fund classification
type: Class
subclass of: Classifier
subclass of: Restriction
  on property: classifies
  some values from: CollectiveInvestmentVehicle
definition: The category of the fund according to the asset class. This is a published code by which the Fund is classified. Further notes: Could be EFCF codes. This is the way in which "Type of fund" is articulated.

fund classification scheme
type: Class
subclass of: ClassificationScheme
subclass of: Restriction
  on property: defines
  some values from: fund classification
definition: A published scheme for the category of a fund according to the asset class.

fund coupon policy
type: Class
subclass of: fund cash distribution policy
definition: Terms for the expected distribution of bond unit coupons.

fund data provider
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: processing party has identity
  some values from: LegalEntity
definition: A party which supplies market data to a fund.

fund debt
type: Class
subclass of: Debt
definition: Debt issued by a Fund.
explanatory note: This would normally be held by participants in that pool. in this case the pool is a fund which is formed by each of the participants extending credit to that pool and holding bond units in the pool representing that debt.

fund depositary
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: provides depositary service for
  some values from: FundUnit
definition: The party that holds and safeguards holdings owned by a fund. It is also responsible for compliance of the portfolio with legal ratios etc.
explanatory note: The depository may delegate custody to another entity (custodian). Definition origin:EFAMA DD

fund distribution policy
type: Class
subclass of: Policy
definition: policy indicating the overall strategy or limitations on distribution for the fund
explanatory note: Note that individual classes of Fund Unit also have specific distribution polcies as they effect that class of unit. This class is for terms with wording of the form: " ... whether or not it is possible to hold shares ..." for a given parameter.

fund distributor
type: Class
subclass of: funds processing party
definition: an entity through which a fund may be bought by or for an investor. This may be on a discretionary or advisory basis, or as an execution-only service. Definition origin:EFAMA DD

fund dividend policy
type: Class
subclass of: fund cash distribution policy
definition: Terms for the expected distributions of dividends.

fund investment objective
type: Class
subclass of: InvestmentObjective
subclass of: Restriction
  on property: has intended risk level
  some values from: risk level
subclass of: Restriction
  on property: stated in
  some values from: fund prospectus
definition: The aim of a Fund e.g outperfom a given benchmark.
editorial note: This could be broken down into other terms that can be itemised here, that are not in the EFAMA DD explicitly. Examples may include: - Risk level - Return - Exposure to different markets

fund investment policy
type: Class
subclass of: Policy
subclass of: Restriction
  on property: stipulates benchmark
  on class: MarketRate
  max qualified cardinality: 1
subclass of: Restriction
  on property: governs
  some values from: portfolio investment strategy
subclass of: Restriction
  on property: defines
  some values from: fund investment restrictions set
definition: policy that the fund implements in order to achieve the stated fund objectives
explanatory note: EFAMA Note: Model distinguishes between strategy (what you intend to invest in) and portfolio structure (what is held). This semantics matches the EFAMA DD "Fund Investment Policy" No stated definition in EFAMA DD ("Further discussion required").

fund legal form documentation
type: Class
subclass of: Constitution
definition: For a fund which is constituted under the law of contract, the constitution or articles that define the fund. These are embodied in a Contract.
explanatory note: From ISO FIBIM "Umbrella Fund" narrative: In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company.

fund management company
type: Class
subclass of: LegalEntity
definition: The party that sets up the fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the fund. It makes all of the important decisions related to the fund. Also called fund promotor or fund sponsor or fund manager.
explanatory note: In the US: operates on a percentage of the Portfolio assets under management.

fund manager
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: processing party has identity
  some values from: fund management company
definition: The party that sets up the fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the fund. It makes all of the important decisions related to the fund. Also called fund promotor or fund sponsor. This is a dupliucate of Fund Management Company at the moment

fund order desk
type: Class
subclass of: AccountProvider
subclass of: Restriction
  on property: provider has identity
  some values from: LegalEntity
definition: The Fund Order Desk is a party to the Fund Order Desk Account.
editorial note: This party would presumably be identified as the Fund Management Company in terms of what legal entity fulcils this role? to be determined at further review.

fund order desk physical form document
type: Class
subclass of: Document
definition: A phsyical form obtained through the main fund order desk.

fund portfolio
type: Class
subclass of: Portfolio
subclass of: Restriction
  on property: hasMonetaryAmount
  some values from: Balance
subclass of: Restriction
  on property: isManagedBy
  some values from: portfolio manager
subclass of: Restriction
  on property: assessed against
  some values from: portfolio benchmark
subclass of: Restriction
  on property: strategy
  some values from: portfolio investment strategy
subclass of: Restriction
  on property: has liquidity
  some values from: liquidity
subclass of: Restriction
  on property: implements fund policy
  some values from: fund portfolio investment policy
subclass of: Restriction
  on property: hasConstituent
  some values from: PortfolioHolding
definition: An account containing a number of financial instruments along with cash positions in one or more currencies and belonging to a Fund

fund portfolio investment limitations
type: Class
subclass of: fund investment restrictions set
definition: Detailed Policy on approximately how the portfolio is to be allocated to achieve the stated investment goals. This underpins the detailed strategy of how to achieve this.
explanatory note: Defined as "Strategy" in FIBIM and elsewhere. WG11: Rough allocation of the portfolio.

fund portfolio investment policy
type: Class
subclass of: Policy
subclass of: Restriction
  on property: governs
  some values from: portfolio investment strategy
subclass of: Restriction
  on property: defines allocations
  some values from: fund portfolio investment limitations
definition: policy with respect to allocation of the portfolio that is designed to meet the stated investment strategy and goals
explanatory note: ISO FIBIM: Rough allocation of the portfolio.

fund processing form
type: Class
subclass of: Document
subclass of: Restriction
  on property: may be
  on class: fund order desk physical form document
  max qualified cardinality: 1
definition: The form of documentation or control mechanism required for some funds processing activity.
explanatory note: Equates to the "Physical Form" in SIO FIBIM for certain activities in funds processing. May or may not be a written physical document. ISO FIBIM Definition: Specifies whether a physical form is required.

fund processing general terms
type: Class
subclass of: fund processing terms
definition: Formal terms for general processing of the fund. These set out what the investor and the fund may or may not do.

fund processing terms
type: Class
subclass of: ContractualCommitment
subclass of: Restriction
  on property: defines main fund order desk account
  some values from: funds processing account
subclass of: Restriction
  on property: has default settlement convention
  some values from: SettlementConvention
definition: Formal terms for processing of the fund. These set out what the investor and the fund may or may not do. These include terms for redemption and subscription processing as well as general processing terms. ISO FIBIM definition: Processing characteristics linked to the instrument, ie, not to the market.
explanatory note: These include Fund Subscription Terms, Fund Redemption Terms. and terms which relate to general processing and restrictions or otherwise on the holder. FPP notes: FPP presentation identifies many of these terms under the heading of Valuation Dealing characteristics. May need to revise which goes where in line with FPP. See also terms under NAV Valuation Calculation Method. Others of these terms appear in FPP under Instrument Restrictions. These cover the subscription, redemption and holding amounts and units and minimum holding period.

fund promoter
type: Class
subclass of: funds processing party
definition: An entity that promotes a fund. May be an investor, pension fund, bank, insurance company or management company

fund prospectus
type: Class
subclass of: Prospectus
subclass of: Restriction
  on property: anticipates
  some values from: MarketRate
subclass of: Restriction
  on property: outlines
  some values from: fund investment objective
definition: The Prospectus for the Fund. This is a document made available publicly for potential investors. It will include facts about the fund investment objective, investment focus and other details of the fund. Some of this information becomes binding on the fund once it is issued, while other information is guidelines only.
editorial note: EFAMA Review description for this: The fund is issued with a prospectus; there is material in the prospectus that is binding; material that is expected but not binding, and information that may or may not be in the prospectus or a given fund.

fund redemption restriction
type: Class
subclass of: SecuritiesRestriction

fund redemption terms
type: Class
subclass of: fund processing terms
subclass of: Restriction
  on property: has additional redemption restrictions
  some values from: refer to fund order desk
definition: Formal terms for redemption of units in the fund. These set out what the investor and the fund may or may not do.

fund reinvestment policy
type: Class
subclass of: fund unit distribution policy
definition: Terms for the expected reinvestment of profits on fund units.

fund reporting terms
type: Class
subclass of: ContractualCommitment
subclass of: Restriction
  on property: has accounting reporting frequency
  some values from: reporting frequency policy
definition: Terms describing the accounting methods and reporting arrangements used by the fund.

fund share class unit
type: Class
subclass of: FundUnit
subclass of: Restriction
  on property: has distribution policy
  some values from: fund unit distribution policy
definition: The legal structure in which you can purchase part of an investment pool, defined by a variety of characteristics like investor type, minimum size of investment, distribution type, fee and currency. A fund unit which gives the holder an equity stake in the fund.
explanatory note: From review sessions: Theoretically you can buy a fraction of a share in a fund. This would depend on the legal structure of the fund, e.g. a minimum investment. There is always a distribution plan.

fund subscription terms
type: Class
subclass of: fund processing terms
subclass of: Restriction
  on property: appliesTo
  some values from: FundUnit
definition: Subscription terms for the fund. Further notes: ISO FIBIM, EFAMA DD and FPP combine terms for subscription, redemption and general holding requirements. These have been separated here as they are different kinds of term, but this can be reviewed. Subscription Terms are identified as terms of the fund and not the fund unit, since terms for how you might subscribe can't be binding one someone who has not yet subscribed.

fund supervisory authority
type: Class
subclass of: PartyInRole
subclass of: Restriction
  on property: hasIdentity
  some values from: Corporation
definition: The legal entity which supervises the fund or fund industry

fund transfer agent
type: Class
subclass of: funds processing party
definition: An entity that undertakes the execution of subscription, redemption and switch orders on behalf of a fund. Definition origin:EFAMA DD

fund unit distribution method
type: Class
subclass of: DistributionStrategy
definition: The normal distribution policy for funds.

fund unit distribution policy
type: Class
subclass of: Policy
subclass of: Restriction
  on property: has distribution policy
  some values from: fund unit distribution method
definition: policy relating to the unit, e.g. if income is paid out or retained in the fund and how this is treated, including distribution policy details for dividends and coupons.

fund unit holding
type: Class
subclass of: PortfolioHolding
subclass of: Restriction
  on property: comprises
  all values from: FundUnit
definition: A holding of a unit in another fund.

funds cash distribution
type: Class
subclass of: fund unit distribution method
definition: Accrued income is distributed periodically to the investor.

funds creation
type: Class
subclass of: s p v purpose
definition: SPV set up for fund management Conesnsus:Review

funds processing
type: Class
subclass of: LifecycleStage
definition: The context of managing and processing funds, issuing funds units etc. This is the context in which the different parties involved in a fund are defined as parties.

funds processing account
type: Class
subclass of: Account
subclass of: Restriction
  on property: isProvidedBy
  some values from: fund order desk
definition: An account used specifically in the processing of funds. Like all accounts this is (per FIBIM definition) a business relationship between two entities; one entity is the account owner, the other entity is the account servicer. Please refer to Financial global model for treatment of accounts relationships in this model.
explanatory note: Derived from FIBIM definition for "Account", which is: "Business relationship between two entities; one entity is the account owner, the other entity is the account servicer." this corresponds to the Global Terms definition for Account.

funds processing party
type: Class
subclass of: PartyInRole
definition: A party involved in the processing of funds in some way.

funds processing passport
type: Class
subclass of: Document
subclass of: Restriction
  on property: definesTermsFor
  some values from: fund processing terms
subclass of: Restriction
  on property: has information about
  some values from: FundUnit
subclass of: Restriction
  on property: may be defined in
  some values from: fund prospectus
definition: The Funds Processing Passport. This is defined as a document. This has terms drawn from elsewhere in the model which are defined as part of the FPP for reasons defined in the FPP descriptions.
editorial note: Please see FPP Data Descriptions for more information (when available - not included in this model). See EFAMA website for this. Also see XLS for terms of this. These terms are often but net necessarily part of the Prospectus. See also the Thing Formerly Referred To As Investment. The definitions in the FPP descriptions may not be accurate. This is defining what kind of information is requested. Further Action: Now that we have defined sets of formal contractual terems for subvscriptions, redemptions and general terms, and since these terms don't have a direct relationship to any one Contract at present (as contractual terms should do), there may be a relationship between those terms and the FPP. To be handled in next review.

gross of fee performance determination method
type: Class
subclass of: performance determination method
definition: Performance determined gross of fee. Review: Is this mutually exclusive with the other listed method? It sounds like it is not.

income accumulation
type: Class
subclass of: fund unit distribution method
definition: Accrued income is not distributed and instead remains reflected within the unit/share price.

investment advisor
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: processing party has identity
  some values from: LegalEntity
definition: The party that provides investment guidance at a fee. Definition origin:EFAMA DD

fund investment restrictions set
type: Class
subclass of: SecuritiesRestriction
subclass of: Restriction
  on property: isPartOf
  some values from: fund prospectus
definition: Limitations that apply to the fund as a whole, such as risk factors. these are used to determine whether the fund is appropriate for a given type of investor to invest in.
explanatory note: These are defined by the overall Fund investment policy. Not the same as the detailed policies for investing in percentages of this or that.

investment strategy
type: Class
subclass of: BusinessStrategy
subclass of: Restriction
  on property: hasObjective
  some values from: InvestmentObjective
definition: plan, method, or series of maneuvers or stratagems for obtaining a specific investment goal

jurisdiction strategy
type: Class
subclass of: fund portfolio investment limitations
subclass of: Restriction
  on property: identifies
  some values from: Jurisdiction
definition: Strategy which is jurisdiction based.

key investor information document
type: Class
subclass of: OfferingDocument
subclass of: Restriction
  on property: isApplicableIn
  has value: EuropeanUnionJurisdiction
subclass of: Restriction
  on property: appliesTo
  some values from: FundUnit
definition: short document that provides critical information for investors, summarizing content derived from a prospectus such that it can be understood by investors without reference to other documents, as required by law in the European Union
abbreviation: KIID
adapted from: https://eur-lex.europa.eu/eli/dir/2009/65/2020-01-07
explanatory note: Key investor information shall include appropriate information about the essential characteristics of the UCITS concerned, which is to be provided to investors so that they are reasonably able to understand the nature and the risks of the investment product that is being offered to them and, consequently, to take investment decisions on an informed basis.

liquidity
type: Class
subclass of: Asset
subclass of: Restriction
  on property: denominated in
  some values from: Currency
definition: Precise definition needed for liquidity, and check that it is modeled accordingly.

money weighted rate of return performance determination method
type: Class
subclass of: performance determination method
definition: Money weighted rate of return.

net asset value calculation method
type: Class
subclass of: Expression
subclass of: Restriction
  on property: is calculated in
  some values from: Currency
definition: Parameters for the calculation of the net asset value for an investment fund/fund class.
editorial note: These terms were in the ISO FIBIM model but correspond to some details in the EFAMA DD.

note fund unit
type: Class
subclass of: FundUnit
definition: Need a legal definition - to follow. This is one of the mechanisms by which an investor may hold an interest in a fund, but is not a Bond or a Share.
editorial note: It is not possible to determine at this time whether some of the policy facts that apply to bund and share class units apply to all fund units including this one. Once this is defined, all Fund Distribution Policy terms and relationships should be rechecked.

organization strategy
type: Class
subclass of: fund portfolio investment limitations
subclass of: Restriction
  on property: defined in relation to
  some values from: Corporation
definition: Strategy which is organization based.

other investment fund information
type: Class
subclass of: Document
definition: Things which are not part of the prospectus but are important if you want to understand the fund.
editorial note: See terms in EFAMA spreadsheet. These are properties of the fund but are not legally binding. Author follow-up note: I have managed to find a "home" for disposition for most of the entries that are in the spreadsheet. It is not clear which of the spreadsheet terms are indended to come under the general heading in this class. The first place I would look is in the terms I have defined as "Fund Processing Terms", which are defined as formal, legal contractual terms. If any of those are not legally binding on some party, then this is where they belong instead.

performance determination method
type: Class
subclass of: Strategy
definition: A method for performance determination (e.g. Time weighted and money weighted, annualized, gross of fee) along with the time frame in which this is determined. PLUS Performances NamePeriod

portfolio benchmark
type: Class
subclass of: Measure
subclass of: Restriction
  on property: defines benchmark
  some values from: MarketRate
subclass of: Restriction
  on property: appliesTo
  some values from: fund portfolio
definition: Security or other price against which the performance of the portfolio is evaluated.

portfolio investment strategy
type: Class
subclass of: investment strategy
subclass of: Restriction
  on property: includes
  some values from: fund portfolio investment limitations
definition: The manner in which the portfolio manager tries to reach the funds objectives.
explanatory note: Describes how you get there. E.g fully invested v not fully invested. MB Note: The terms labeled "Strategy" in EFAMA and in FIBIM are more like dictionary definition of policy, while "How you get there" is a dictionary definition of Strategy. Therefore original labels may be reversed from dictionary definition of the global semantics these are derived from.

portfolio manager
type: Class
subclass of: OrganizationMember
subclass of: Restriction
  on property: isPlayedBy
  some values from: Restriction
    on property: isMemberOf
    all values from: fund management company
subclass of: Restriction
  on property: manages
  some values from: fund portfolio
definition: person or entity responsible for day to day investment decisions for a fund or asset

preferred share in fund
type: Class
subclass of: fund share class unit

private equity holding
type: Class
subclass of: PortfolioHolding
subclass of: Restriction
  on property: comprises
  some values from: PrivatelyHeldShare
definition: A holding of private equity.

refer to fund order desk
type: Class
subclass of: fund redemption restriction
definition: Restriction requiring an investor to refer to the fund order desk prior to redeeming a fund.
editorial note: While it's unclear from original data models, it's likely that this restriction is actually to learn from the fund order desk of any other individual kinds of restriction that will apply. This is itself treated as a kind of restriction here.

reporting frequency policy
type: Class
subclass of: ReportingPolicy
definition: Frequency with which financial reports will be presented.
editorial note: This could theoretically be defined in terms of a Frequency (reciprocal of time), but since this kind of reporting in accounting is always either annual or semi-annual these are defined as policies for the provision of such reports

risk level
type: Class
subclass of: Classifier

s i c a f
type: Class
subclass of: FunctionalBusinessEntity
definition: A French fund vehicle type. Designation and definition needed.

s i c a v
type: Class
subclass of: FunctionalBusinessEntity
definition: Societe Collective a Capital Variable

s p v purpose
type: Class
subclass of: BusinessObjective
definition: The reason for the creation of a Special Purpose Vehicle.
editorial note: This is used to identify different kinds of SPV which may have different detailed facts about them; however in general all SPVs are much the same.

sector strategy
type: Class
subclass of: fund portfolio investment limitations
definition: Strategy which is sector based.

semi annual reporting policy
type: Class
subclass of: reporting frequency policy
definition: Reports are presented twice a year.

stake in fund
type: Class
subclass of: Position
subclass of: Restriction
  on property: gives ownership of
  some values from: CollectiveInvestmentVehicle
subclass of: Restriction
  on property: identified as
  some values from: FundUnit
definition: The holding of some portion in a fund, by some party. This stake will generally tak ethe form of some sort of unit in that fund.

time weighted rate of return performance determination method
type: Class
subclass of: performance determination method
definition: Time weighted rate of return.

unit issuer
type: Class
subclass of: funds processing party
subclass of: Restriction
  on property: issues
  some values from: FundUnit
subclass of: Restriction
  on property: processing party has identity
  some values from: Corporation
definition: The party which issues the Fund Unit.

accounting year end date
type: ObjectProperty
domain: fund reporting terms
range: DayOfMonth
definition: Last day of the accounting year for the fund.

additional restrictions
type: DatatypeProperty
domain: organization strategy
range: string
definition: Other restrictions or treatment information in respect of this strategy and the organization to which it refers.

administered by
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund administrator

advised by
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: investment advisor

anticipated volatility
type: ObjectProperty
domain: fund prospectus
range: Percentage

anticipates
type: ObjectProperty
domain: fund prospectus
range: MarketRate

assessed against
type: ObjectProperty
domain: fund portfolio
range: portfolio benchmark

authorized country
type: ObjectProperty
domain: fund processing general terms
range: Country
definition: Country in which it is authorised to commercialise the fund.

back end load applicable
type: DatatypeProperty
domain: fund processing general terms
range: boolean
definition: Whether an exit charge, eg, CDSC, on redemption orders for this class can be applied.

benchmark weight
type: ObjectProperty
domain: portfolio benchmark
range: Percentage
definition: Instrument weighting in the benchmark for the portfolio.

blacklisted
type: DatatypeProperty
domain: organization strategy
range: boolean
definition: Whether or not the strategy in framed so as to include the referenced business entity as being blacklisted. If yes, the strategy prevents investment in securities issued by that organization.

clear funds required
type: DatatypeProperty
domain: SettlementTerms
range: boolean
definition: Whether cleared funds may be required before a subscription order can be executed.

coupon payment date
type: ObjectProperty
domain: fund coupon policy
range: DayOfMonth
definition: The date at which the coupon is distributed to the bond unit holder.

dealing frequency description
type: DatatypeProperty
domain: fund processing terms
range: string
definition: Description of frequency at which the subscriptions and redemptions are done.

decimal place rounding
type: DatatypeProperty
domain: fund processing terms
range: integer
definition: Number of decimal places to which quantities of units/shares are rounded.

declaration channel
type: DatatypeProperty
domain: net asset value calculation method
range: string
definition: Means of the net asset value publication, eg, a newspaper.

defined in relation to
type: ObjectProperty
domain: organization strategy
range: Corporation

defines allocations
type: ObjectProperty
sub property of: defines
domain: fund portfolio investment policy
range: fund portfolio investment limitations

defines benchmark
type: ObjectProperty
domain: portfolio benchmark
range: MarketRate

defines main fund order desk account
type: ObjectProperty
domain: fund processing terms
range: funds processing account

denominated in
type: ObjectProperty
domain: liquidity
range: Currency

denomination
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: Currency
definition: Denomination Currency of the fund - Currency in which the fund unit is issued or redenominated and the currency of the NAV calculation.

denomination currency
type: ObjectProperty
domain: FundUnit
range: Currency

described in
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund prospectus

description
type: DatatypeProperty
domain: fund portfolio investment policy
range: string
definition: The manner in which the manager tries to reach the funds objectives

description
type: DatatypeProperty
domain: portfolio benchmark
range: string
definition: Description of the benchmark used to determine the performance of a portfolio.

distributed by
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund distributor

distribution with reinvestment
type: DatatypeProperty
domain: fund reinvestment policy
domain: fund unit distribution policy
range: boolean
definition: It is possible to hold shares for which the accrued income is distributed, but then reinvested automatically in additional units/shares allocated to the investor.

dual fund
type: DatatypeProperty
domain: fund processing general terms
range: boolean
definition: Whether the fund has two prices.

end of fiscal year
type: ObjectProperty
domain: fund reporting terms
range: DayOfMonth
definition: Day and month on any given year at which the books are closed and profit and loss is determined.

ex coupon date
type: ObjectProperty
domain: fund coupon policy
range: DayOfMonth
definition: The date at which the coupon is substracted from the NAV

first accounting year end date
type: DatatypeProperty
domain: fund reporting terms
definition: Last day of the first accounting year for the fund.

first n a v calculation date
type: DatatypeProperty
domain: CollectiveInvestmentVehicle
definition: The first date of NAV calculation

front end load applicable
type: DatatypeProperty
domain: fund subscription terms
range: boolean
definition: Whether a front end charge on subscription orders for this class can be applied.

fund class type identifier
type: DatatypeProperty
domain: FundUnit
range: string
definition: A textual identification of the class of fund units. This is used to uniquely identify a particular class of fund units, and thereby identify features of this type of unit within the fund.

fund has related party
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: funds processing party

gives ownership of
type: ObjectProperty
domain: stake in fund
range: CollectiveInvestmentVehicle

has accountant
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund accountant

has accounting information
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund reporting terms

has accounting reporting frequency
type: ObjectProperty
domain: fund reporting terms
range: reporting frequency policy

has additional information
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: other investment fund information

has additional redemption restrictions
type: ObjectProperty
domain: fund redemption terms
range: refer to fund order desk

has auditor
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund auditor

has contact details
type: ObjectProperty
domain: portfolio manager

has data provider
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund data provider
definition: has an organization which is the data provider and is legally responsible for the information provided

has default settlement convention
type: ObjectProperty
domain: fund processing terms
range: SettlementConvention

has depository
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund depositary

has details
type: ObjectProperty
domain: FundUnit
range: net asset value calculation method
definition: Information on the net asset value calculation of the investment fund component.

has distributiojn policy
type: ObjectProperty
domain: fund bond class unit
range: fund unit distribution policy

has distribution policy
type: ObjectProperty
domain: fund share class unit
range: fund unit distribution policy

has distribution policy
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund unit distribution method
definition: Income policy relating to a class type, ie, if income is paid out or retained in the fund.
explanatory note: This is a fact about each individual type of Fund Unit. Additional facts may apply to the Fund as a whole - to be reviewed. Need to determine if there is an overall distribution policy term applicable to the Fund. Kept as a place holder in case there is.

has distribution policy
type: ObjectProperty
domain: fund unit distribution policy
range: fund unit distribution method
definition: Income policy relating to a class type, ie, if income is paid out or retained in the fund.

has expected coupon
type: ObjectProperty
domain: fund bond class unit
range: fund bond unit coupon

has fund policy
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund investment policy
definition: Overall policy for amounts invested, limitations etc. Not the same as the detailed Portfolio policy.

has fund processing terms
type: ObjectProperty
sub property of: hasContractualElement
domain: FundUnit
range: fund processing terms

has information about
type: ObjectProperty
domain: funds processing passport
range: FundUnit

has intended risk level
type: ObjectProperty
domain: fund investment objective
range: risk level

strategy
type: ObjectProperty
domain: Portfolio
range: investment strategy

has issue date
type: ObjectProperty
domain: FundUnit
range: Date
definition: Date of first NAV calculation and start of performance calculations (same as launch date)

has liquidity
type: ObjectProperty
domain: fund portfolio
range: liquidity

has management company
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund manager

has performance determination method
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: performance determination method

has policy terms
type: ObjectProperty
domain: fund bond unit coupon
range: fund coupon policy

has portfolio
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund portfolio

has related fund terms
type: ObjectProperty
sub property of: has related terms
domain: CollectiveInvestmentVehicle
range: fund processing terms

has related terms
type: ObjectProperty
range: ContractualElement

has subscription terms
type: ObjectProperty
sub property of: has related fund terms
domain: CollectiveInvestmentVehicle
range: fund subscription terms

has tradable unit
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: FundUnit

has transfer agent
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund transfer agent

has unit issuer
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: unit issuer

historic pricing indicator
type: DatatypeProperty
domain: net asset value calculation method
range: boolean
definition: Indicates whether the price is historic or forward.

holder may reinvest
type: DatatypeProperty
domain: distributing share class
range: boolean
definition: Whether or not the holder may reinvest dividends in the fund.

holding transferable
type: DatatypeProperty
domain: fund processing general terms
range: boolean
definition: Whether registered investors are able to transfer some or all of their holdings to third parties.

holds
type: ObjectProperty
domain: SpecialPurposeVehicle
range: CollectiveInvestmentVehicle
definition: The Funds Special Purpose Vehicle holds this Fund.

identified as
type: ObjectProperty
domain: stake in fund
range: FundUnit

identifies
type: ObjectProperty
domain: jurisdiction strategy
range: Jurisdiction
definition: Jurisdiction (country, county, state, province, city) of the investment.

identifies asset types by
type: ObjectProperty
domain: asset class strategy
range: FinancialInstrumentClassifier

implements fund policy
type: ObjectProperty
domain: fund portfolio
range: fund portfolio investment policy

inception date
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: Date
definition: Authorization date in the country of origin.

inception date
type: ObjectProperty
domain: fund share class unit
range: Date
definition: Authorization date in the country of origin. Further Notes See definition in Inception Date for Fund. Separate fact exists here. Same definition used. EFAMA Review notes: Inception Date exists as soon as there is a prospectus, so it is a fact about a Share Class even if the share class is never formally issued or offered to the public. Legal structure exists even if something is not launched. Editor question: Review stated this was a fact about Share Class; confirm this fact does not apply to Bond and Note units, or was the term Share Class being used to mean all three? Meanwhile I have put the term "Issue Date" as a fact about all Fund Unit, as this is given a sa separate term in the EFAMA DD spreadsheet. MAy come clearer in the next version of that.

include related firms
type: DatatypeProperty
domain: organization strategy
range: boolean
definition: Whether or not the strategy includes firms which are related in some way to the referenced organization.

includes
type: ObjectProperty
domain: portfolio investment strategy
range: fund portfolio investment limitations

inclusion
type: DatatypeProperty
domain: fund portfolio investment limitations
range: boolean
definition: Whether the referred strategy is included. No means this description refers to the exclusion of what is described, from the portfolio.

initial application form
type: ObjectProperty
domain: fund subscription terms
range: fund processing form
definition: Physical application form for the initial subscription by the investor.

intended liquidation date
type: ObjectProperty
domain: SpecialPurposeVehicle
range: Date
definition: The date on which the SPV is scheduled to be disbanded and wound up.

investment focus
type: DatatypeProperty
domain: portfolio investment strategy
range: string
definition: The information about the area the fund is mostly invested into (for example stock market in Germany).

is calculated in
type: ObjectProperty
domain: net asset value calculation method
range: Currency

is set up for
type: ObjectProperty
domain: SpecialPurposeVehicle
range: s p v purpose

is unit holder
type: ObjectProperty
domain: Investor
range: FundUnit

issue price
type: ObjectProperty
domain: FundUnit
range: Price
definition: The price at which the Fund Unit was first issued.

issues
type: ObjectProperty
domain: unit issuer
range: FundUnit

launch date
type: DatatypeProperty
domain: CollectiveInvestmentVehicle
definition: Date of first NAV calculation and start of performance calculations

fund legally recorded in
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: Jurisdiction
definition: Relationship note: This relationship has no obvious parent; it is similar to Security legally recorded in Jurisdiction, but that inherits from Contract jurisdiction whereas a Fund is a Pool not a Contract. So the meaning is not the same. Assign parent relationship in future if a more general one exists; at present there is none.

limited shares are issued
type: DatatypeProperty
domain: fund share class unit
range: boolean
definition: Whether or not new shares can be issued in the fund. This is what makes it a closed end or open end fund.

main fund order desk
type: DatatypeProperty
domain: fund processing terms
range: boolean
definition: Whether the fund order desk is the principal entity appointed by the fund to which orders should be submitted.

maximum deviation
type: ObjectProperty
domain: portfolio benchmark
range: Percentage
definition: Maximum allowable deviation from the benchmark.

maximum investment amount
type: ObjectProperty
domain: fund portfolio investment limitations
range: MonetaryAmount
definition: Maximum amount that may be invested in the specified strategy.

maximum investment percentage
type: ObjectProperty
domain: fund portfolio investment limitations
range: Percentage
definition: Maximum percentage that may be invested in the specified strategy.

maximum purchasing fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Maximum percentage or fixed amount of money due when purchasing fund shares Definition origin:EFAMA DD

maximum redemption amount
type: ObjectProperty
domain: fund redemption terms
range: MonetaryAmount
definition: Maximum quantity of securities, expressed as an amount that can be sold.

maximum redemption fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Maximum percentage or fixed amount of money due when redeeming fund shares Definition origin:EFAMA DD

maximum redemption percentage
type: ObjectProperty
domain: fund redemption terms
range: Percentage
definition: Maximum quantity of securities, expressed as a percentage that can be sold.

maximum redemption units
type: DatatypeProperty
domain: fund redemption terms
range: integer
definition: Maximum number of shares/units that may be redeemed on a single dealing day.

may also be
type: ObjectProperty
domain: fund administrator
range: unit issuer
definition: The unit issuer would be the fund administrator (except when it is a Bond).

may be
type: ObjectProperty
domain: fund processing form
range: fund order desk physical form document

may be defined in
type: ObjectProperty
domain: funds processing passport
range: fund prospectus

minimum deviation
type: ObjectProperty
domain: portfolio benchmark
range: Percentage
definition: Minimum allowable deviation from the benchmark.

minimum holding period
type: ObjectProperty
domain: fund processing general terms
range: Duration
definition: Period, in days, during which the units/shares must be held following their issue before redemption will be permitted.

minimum initial subscription amount
type: ObjectProperty
domain: fund subscription terms
range: MonetaryAmount
definition: Minimum initial subscription value.

minimum initial subscription units
type: DatatypeProperty
domain: fund subscription terms
range: integer
definition: Minimum initial number of units/shares that must be purchased.

minimum investment amount
type: ObjectProperty
domain: fund portfolio investment limitations
range: MonetaryAmount
definition: Minimum amount that has to be invested in the specified strategy.

minimum investment percentage
type: ObjectProperty
domain: fund portfolio investment limitations
range: Percentage
definition: Minimum percentage that has to be invested in the specified strategy.

minimum rating restriction
type: ObjectProperty
domain: fund investment restrictions set
range: RatingScore
definition: The minimum rating of securities to be invested in.

minimum remaining holding amount
type: ObjectProperty
domain: fund processing general terms
range: MonetaryAmount
definition: Minimum value of units/shares that must be retained to avoid automatic redemption.

minimum remaining holding units
type: DatatypeProperty
domain: fund processing general terms
range: integer
definition: Minimum number of units/shares that must be retained to avoid automatic redemption.

minimum subscription amount
type: ObjectProperty
domain: fund subscription terms
range: MonetaryAmount
definition: Minimum subscription value for existing investors.

minimum subscription units
type: DatatypeProperty
domain: fund subscription terms
range: integer
definition: Minimum number of units/shares that must be purchased by existing investors.

name
type: DatatypeProperty
domain: CollectiveInvestmentVehicle
range: string
definition: Name of the investment fund.

name
type: DatatypeProperty
domain: fund portfolio investment policy
range: string
definition: Name given to the defined strategy.

outlines
type: ObjectProperty
domain: fund prospectus
range: fund investment objective
inverse of: stated in

percentage invested
type: ObjectProperty
domain: fund investment restrictions set
range: Percentage
definition: The percentage of funds that is to be invested at any given time.

performance determination timeframe
type: ObjectProperty
domain: performance determination method
range: DatePeriod
definition: The timeframe on which the performance is reported (e.g. 1month, 1 year, YTD).

performance fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Fees paid for the achivements of predefined outperformance objectives Definition origin:EFAMA DD

physical document required
type: DatatypeProperty
domain: fund processing form
range: boolean
definition: Whether a phsyical form is required through the main fund order desk. Yes: A phsyical form is required through the main fund order desk. No: A phsyical form is not required through the main fund order desk.

processing country
type: ObjectProperty
domain: fund processing terms
range: Country
definition: Country in which the processing characteristic applies.

processing party has identity
type: ObjectProperty
sub property of: hasIdentity
domain: funds processing party
range: LegalEntity
definition: The organization which plays the role of the funds processing party

product group description
type: DatatypeProperty
domain: CollectiveInvestmentVehicle
range: string
definition: Company specific description of a group of funds.

promoted by
type: ObjectProperty
sub property of: fund has related party
domain: CollectiveInvestmentVehicle
range: fund promoter

provider has identity
type: ObjectProperty
sub property of: hasIdentity
domain: AccountProvider
range: LegalEntity

provides depositary service for
type: ObjectProperty
domain: fund depositary
range: FundUnit

purchasing fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Actual percentage or fixed amount of money due when purchasing fund shares Definition origin:EFAMA DD

redemption cutoff date time
type: ObjectProperty
domain: fund redemption terms
range: DateTime
definition: Last date/time at which an order to redeem can be given.

redemption cycle in business days
type: DatatypeProperty
domain: SettlementConvention
range: integer
definition: The last business day following the day on which a redemption order is priced (T) by which settlement will be due for orders placed with the main Fund Order Desk. Alternatively, if proceeds will be paid following receipt of written renunciation, the last business day following receipt of the relevant renunciation documentation by the main Fund Order Desk (R) by which the proceeds will be sent.

redemption dealing frequency
type: ObjectProperty
domain: fund redemption terms
range: RecurrenceInterval
definition: Frequency at which the redemptions are done.

redemption fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Actual percentage or fixed amount of money due when redeeming fund shares Definition origin:EFAMA DD

redemption form
type: ObjectProperty
domain: fund redemption terms
range: fund processing form
definition: Physical written instruction/renunciation form for redemption of units/shares by the investor.

redemption in amount allowed
type: DatatypeProperty
domain: fund redemption terms
range: boolean
definition: Whether redemptions in amount are allowed.

redemption period
type: ObjectProperty
domain: fund redemption terms
range: DatePeriod
definition: Specific period, eg, for some guaranteed funds, during which the units/shares may be redeemed.

registration date
type: DatatypeProperty
domain: CollectiveInvestmentVehicle
definition: The date at which the fund is legally approved in a country other than the country of origin.

reinvestment frequency
type: ObjectProperty
domain: fund reinvestment policy
range: RecurrenceInterval
definition: For units where there is Reinvestment distribution, the frequency with which the reinvestment takes place (this will be the same or less frequently than the Dividend Payment Frequency), otherwise this fact does not apply.

signature required
type: DatatypeProperty
domain: fund processing form
range: boolean
definition: Whether a phsyical form with the investor's written signature is required through the main fund order desk. Yes:A phsyical form with the investor's written signature is required through the main fund order desk.

stated distribution fee
type: ObjectProperty
domain: fund prospectus
range: MonetaryAmount

stated in
type: ObjectProperty
domain: fund investment objective
range: fund prospectus

stated investment aim
type: DatatypeProperty
domain: fund investment objective
range: string
definition: The stated aim of the Fund in words, e.g outperfom a given benchmark.

stated management fee
type: ObjectProperty
domain: fund prospectus
range: MonetaryAmount
definition: The fee that is stated in the Prospectus as being what is to be charged for management. Further notes: Can be monetary amount or a percentage or a combination. Action: simple type is wrong.

stated objective
type: DatatypeProperty
domain: fund prospectus
range: string
definition: The stated objective of the fund, in words.

stipulates benchmark
type: ObjectProperty
domain: fund investment policy
range: MarketRate

subscription cutoff date time
type: ObjectProperty
domain: fund subscription terms
range: DateTime
definition: Last date/time at which an order to subscribe can be given.

subscription dealing frequency
type: ObjectProperty
domain: fund subscription terms
range: RecurrenceInterval
definition: Frequency at which the subscriptions are done.

subscription period
type: ObjectProperty
domain: fund subscription terms
range: DatePeriod
definition: Specific period, eg, for some guaranteed funds, during which the units/shares may be subscribed to.

subscriptions in amount allowed
type: DatatypeProperty
domain: fund subscription terms
range: boolean
definition: Whether subscriptions in amount are allowed.

subsequent application form
type: ObjectProperty
domain: fund subscription terms
range: fund processing form
definition: Physical application form for subsequent investments by the same investor.

supervised by
type: ObjectProperty
domain: CollectiveInvestmentVehicle
range: fund supervisory authority

switching chargeable
type: DatatypeProperty
domain: fund processing general terms
range: boolean
definition: Whether a switching charge for changing between sub-funds of the same umbrella can be applied.

switching fee
type: ObjectProperty
domain: fund subscription terms
range: Fee
definition: Actual percentage or fixed amount of money due when switching to another fund. Definition origin:EFAMA DD

takes form of
type: ObjectProperty
sub property of: comprises
domain: bricks and mortar holding
range: RealEstate

tracking error
type: ObjectProperty
domain: fund investment restrictions set
range: Percentage
definition: See RiskFactors narrative in EFAMA DD

type of securities
type: DatatypeProperty
domain: fund investment restrictions set
range: string
definition: The type of securities or other holdings that may be invested in.

valuation frequency
type: ObjectProperty
domain: net asset value calculation method
range: RecurrenceInterval
definition: Frequency of the net asset value calculation.

valuation frequency textual description
type: DatatypeProperty
domain: net asset value calculation method
range: string
definition: Description of the frequency of the net asset value calculation.

value at risk
type: ObjectProperty
domain: fund investment restrictions set
range: Percentage
definition: See RiskClassification_NameOf in EFAMA DD Applies to Fund not Portfolio.

CollectiveInvestmentVehicle
type: Class
subclass of: Restriction
  on property: administered by
  some values from: fund administrator
subclass of: Restriction
  on property: advised by
  some values from: investment advisor
subclass of: Restriction
  on property: described in
  some values from: fund prospectus
subclass of: Restriction
  on property: distributed by
  some values from: fund distributor
subclass of: Restriction
  on property: fund has related party
  some values from: funds processing party
subclass of: Restriction
  on property: has accountant
  some values from: fund accountant
subclass of: Restriction
  on property: has accounting information
  some values from: fund reporting terms
subclass of: Restriction
  on property: has additional information
  some values from: other investment fund information
subclass of: Restriction
  on property: has auditor
  some values from: fund auditor
subclass of: Restriction
  on property: has data provider
  some values from: fund data provider
subclass of: Restriction
  on property: has depository
  some values from: fund depositary
subclass of: Restriction
  on property: has distribution policy
  some values from: fund unit distribution method
subclass of: Restriction
  on property: has fund policy
  some values from: fund investment policy
subclass of: Restriction
  on property: has management company
  some values from: fund manager
subclass of: Restriction
  on property: has performance determination method
  some values from: performance determination method
subclass of: Restriction
  on property: has related fund terms
  some values from: fund processing terms
subclass of: Restriction
  on property: has subscription terms
  some values from: fund subscription terms
subclass of: Restriction
  on property: has transfer agent
  some values from: fund transfer agent
subclass of: Restriction
  on property: has unit issuer
  some values from: unit issuer
subclass of: Restriction
  on property: fund legally recorded in
  some values from: Jurisdiction
subclass of: Restriction
  on property: promoted by
  some values from: fund promoter
subclass of: Restriction
  on property: supervised by
  some values from: fund supervisory authority
explanatory note: From EFAMA DD: The word fund can refer to either an investment pool, umbrella or share class, and is commonly refered to as a collective investment vehicle (can have ISIN or not). The meaning here is for the investment pool (of which an Umbrella fund is also one such) and not to the share class.

FundContract
type: Class
subclass of: Restriction
  on property: isEvidencedBy
  some values from: fund legal form documentation
explanatory note: From ISO FIBIM "Umbrella Fund" narrative: In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company.

FundUnit
type: Class
subclass of: Restriction
  on property: has details
  some values from: net asset value calculation method
subclass of: Restriction
  on property: has fund processing terms
  some values from: fund processing general terms
subclass of: Restriction
  on property: has fund processing terms
  some values from: fund redemption terms
explanatory note: If it is a closed fund, you can still trade the units. You trade back with the fund. Not with a counterparty. Therefore this is a tradable contract, though it may not necessarily be a transferable contract.