Glossary

Documents

Legal Documents
Marketing Documents
Marketing and Legal documents are published only by fund providers who are active members. Here you will find an up-to-date list of our Premium Member and Member.
Legal announcment
Investors information
The Swiss Financial Market Supervisory Authority FINMA has recognised our platform as official publication organ for legal announcements and prices (NAV) in Switzerland. Therefore, our Premium Member and Member can publish all their legal announcements electronically free of charge.
Investors information is no legal announcement. Premium Member and Member can publish them free of charge for information purposes.
Key Investor Information Document The KIID (or KID, Key Investor Information Document) is a pre-sales document intended to give potential retail investors an overview of the key chances and risks of a financial product. Hence, it intends to intimate the key features of a financial product quickly to a potential private investor and to make it easy for him to compare different products.
"Produktinformationsblatt" The PIB (Produktinformationsblatt) is a pre-sales document intended to give potential retail investors an overview of the key chances and risks of a financial product. Hence, it intends to intimate the key features of a financial product quickly to a potential private investor and to make it easy for him to compare different products.

Prices

Accumulated added deemed distribution income Accumulated deemed distribution income of the fund.
Date of Accumulated deemed distribution income Date on which the ADDI is calculated.
Bid price Bid price of fund.
Offer price Offer price of fund.
Net Asset Value/Price The Swiss Financial Market Supervisory Authority FINMA has recognised our platform as official publication organ for legal announcements and prices (NAV) in Switzerland. Our Premium Member and Member can publish all their NAVs electronically free of charge.
Net Asset Value/Price Date Date on which the NAV is calculated.

Tax Figures

Interim Profit Part of the NAV containing non-distributed/-retained payment for received or accrued interest resp. interest-like earmings.
Date Interim Profit Date on which the Interim Profit is calculated./td>
Income Adjustment Procedure
(Section 5 (3) 1 of the InvStG)
Income Adjustment Procedure (Section 5 (3) 1 of the InvStG:
1: Yes, the regulations of Section 9 Sentence 2 of the InvStG have been applied for the determination of the interim profit
2: No, the regulations of Section 9 Sentence 2 of the InvStG have not been applied for the determination of the interim profit
3: There is no information if the regulations of Section 9 Sentence 2 of the InvStG have been applied for the determination of the interim profit
Stock/Real Estate Earnings Stock Earnings: Part of the NAV containing non-distributed/-retained stock dividend, profits from stock-like profit-participation certificates as well as capital gains on stocks and stock-like profit-participation certificates. With regards to fund of funds, stock earnings also contain stock earnings from domestic target funds.
Real Estate Earnings: Part of the NAV containing non-distributed/-retained rental income as well as realized and unrealized income from foreign real estate that is tax-free due to an existing double taxation agreement (DTA) with Germany.
Date Stock/Real Estate Earnings Date on which the Stock/Real Estate Earnings are calculated.

Ratings

Fitch Ratings' Fund Quality Ratings are transparent, forward-looking insights into a fund's key risk and return attributes as well as the manager's ability to deliver solid performance relative to peers over the longer term. Key areas analyzed in the rating include (1) investment philosophy and processes (including risk management), (2) resources (staffing and technology), (3) the investment manager's strategic commitment, experience and financial resources and (4) the fund's historical risk-adjusted performance relative to its benchmarks and/or sector peers. In addition to this "front office" analysis, an operational "pass/fail" review of the fund is undertaken to assess whether key aspects of the operational environment are sufficiently robust. Collectively, these factors are used to derive a Qualitative Assessment on a scale of 'Strong,' 'Good,' or 'Weak'.
PureGroup Forward Perspective Ratings are whole of market, quantitative driven assessments of a fund’s anticipated performance in its peer group over the next 12 months. Uniquely, the methodology relates an investment product to leading macro-economic factors as opposed to past performance risk / return measures. PureGroup uses an independently tested, and proven macro-economic factor model to assess all investment products, open end, closes end and exchange traded, as well as active and passively managed funds with an appropriate track record. Its ratings are based on a 5 - 1 scale. PureGroup rates over 3000 investment products. For more information on the PureGroup Forward Perspective Methodology
The analysts at Feri Rating & Research rate equity and bond funds quantitatively and qualitatively according to their history. Feri ratings are based on a multidimensional rating model that includes an assessment of both performance (70% weighting) and risk criteria (30% weighting). New funds receive a quality rating only. As a fund’s track record grows, the qualitative criteria are complemented by quantitative data. After five years, Feri assesses management quality quantitatively only. Feri’s rating groups range from A ("very good") to E ("poor"). The abbreviation “ur” indicates that a fund is under review.
For its fund manager ratings, SAUREN Fonds-Research AG conducts personal interviews to analyse a fund manager’s profile, his or her investment philosophy, the investment process and past successes. Important factors taken into account are the fund’s size and how sensitive the investment philosophy is to increasing volumes. More than 300 interviews are conducted every year, and only the most promising fund managers are awarded with a rating. SAUREN awards one, two or three gold medals as a mark of quality, whereby one gold medal alone is a very prestigious award.
Citywire fund manager ratings look at the risk-adjusted performance of the funds managed by the fund managers in the past three years. The ratings are based on the manager’s performance for retail investment funds from 40 investment categories. Management of several funds is taken into account. Citywire follows over 1,800 managers. Approximately ten per cent receive a Citywire rating (AAA, AA or A). Around one per cent of all managers are awarded the highest rating, i.e. AAA. The ranking process is purely quantitative.
The Lipper Rating for Consistent Return identifies a fund that has provided relatively superior consistency and risk-adjusted returns when compared to a group of similar funds. Funds which achieve high ratings for Consistent Return may be the best fit for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group.
Investors are cautioned that some peer groups are inherently more volatile than others, and even Lipper Leaders for Consistent Return in the most volatile groups may not be well suited to shorter-term goals or less risk-tolerant investors. (keys 5 – 1, highest 5)
The Bluerating rating system assesses managers’ ability to outperform the market while keeping the volatility under control. The comparison is made among funds with similar investment characteristics which have been in existence and in a specific category for at least three years. The funds in each category are divided into five levels: Five crowns are assigned to the top 10% of the funds, four crowns to the following 22.5%, three to the following 35%, two to the following 22.5% and one to the bottom 10%.