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In principle, the taxes incurred by an investment fund are determined by the fiscal provisions applicable in its country of domicile; for investors, the tax regulations at their tax domicile apply.
Funds under Swiss law: The issue of units/shares is not subject to Federal stamp duty. Distributions of income are paid out minus the deduction of a reclaimable withholding tax at 35% (except in the case of certain funds on presentation of an affidavit). Distributions of capital gains are paid out without tax deductions.
Foreign funds: The issue of fund units/shares is subject to stamp duty of 0.15% in Switzerland. Distributions of Luxembourg-law funds are paid out without deduction of source taxes, for other foreign funds the treatment is based on the corresponding provisions in the fund's country of domicile. cf. also Affidavit, EU savings tax, EU tax retention.
Swiss security ID number
Expresses the sum of all costs and commissions charged to the fund's assets (operating expenses) in a financial year, taken retrospectively as a percentage of the net assets. Incidental costs incurred by the fund on the purchase and sale of investments and any performance fees are not included in the published TER.
Currency in which the units/shares of an investment fund are traded on an exchange.
In the case of listed investment funds, the current price of units/shares on the exchange. On the Swiss Fund Data platform, exclusively prices listed on the SIX Swiss Exchange (data with a 15 min delay).
Manner in which the units/shares of an investment fund are traded (primary/secondary market).
Traditional investments include cash and money market investments as well as bonds and equities.
Keeps the unit/share register on behalf of the fund company, and settles the issue and redemption of units/shares (in Switzerland, these tasks are performed by the custodian bank).
Comprehensive and readily understandable presentation and information on investment funds. Statutory disclosure obligations and the publications of fund providers (including factsheets) ensure a very high degree of transparency compared with other investment instruments.
Describes the type of borrower for money market instruments, bonds and other debt securities in which a fund primarily invests its assets.
Manner in which the units/shares of an investment fund are traded (primary/secondary market).