Share classes

Share classes

Piraeus Asset Management MFMC, in the context of the improvement and modernization of the offered investment products to investors, made adjustments regarding the characteristics of the Mutual Funds it manages with the introduction of share classes.

The Mutual Fund assets may be divided at any time in equal registered units. The number of units in circulation is increased by issuing and subscribing new units and reduced by redeeming units. In Mutual Funds with several share classes, same class units have equal value and provide their holders with the same rights. 

Excluding

• Piraeus Target Maturity 2027 I Income Hellenic Bond Fund 
• Piraeus Target Maturity 2028 I Income European Bond Fund 
• Piraeus Target Maturity 2028 II Income European Bond Fund 
• Piraeus Target Maturity 2029 I Income European Bond Fund 
• Piraeus Target Maturity 2026 I Income European Bond Fund 
• Piraeus Target Maturity 2029 II Income European Bond Fund 
• Piraeus Target Maturity 2027 I Income European Bond Fund 
• Piraeus Income 2026 (II) European Bond Fund 
• Piraeus Target Maturity 2027 II Income European Bond Fund
• Piraeus Target Maturity 2029 III Income European Bond Fund 
• Piraeus Target Maturity 2028 III Income European Bond Fund 
• Piraeus Target Maturity 2027 I European Bond Fund 
• Piraeus Enhanced Income I Bond Fund
• Piraeus Enhanced Income II Bond Fund
• Piraeus Enhanced Income III Bond Fund
• Piraeus Target 2055 Life Cycle Fund   

which have no share classes, the units of the other Mutual Funds are divided into several classes. 

More specifically:

In mutual funds with multiple unit classes, the units within the same class have equal value and grant identical rights to their unitholders.

Unit classes may differ with respect to:
(a) the subscription and redemption fees, which are charged to the unitholders of each class upon the purchase and redemption of units,
(b) the management fee, the custodian fee, and the performance fee, which are charged to the assets of the mutual fund.

Characteristics of the Share Classes of the above mutual funds

• Share Class R : available for every customer/investor, without any discrimination;
• Share Class Ρrivate Banking: exclusively available to investors who acquire Mutual Fund holdings through the “Private Banking” distribution network via Piraeus Bank SA, in its capacity as intermediary for the marketing of Mutual Fund units; 
• Share Class Ι: exclusively available to (i) institutional investors with a minimum investment amount as described in the Regulations of each Mutual Fund and; and (ii) Piraeus Bank Group’s customers, who are being provided with portfolio investment management or investment advice services by a Group company, only if the units were acquired as part of the provision of said services; 
• Share Class U: exclusively addressed to Unit Linked insurance products available in Greece as part of insurance plans which are issued by NN HELLAS Insurance Company in collaboration with Piraeus Bank SA.
• Share Class D: available to all clients/investors without distinction, and whose units distribute dividends and/or cash payments in accordance with articles 5(13) and 7 of this Regulation.
• Share Class E: addressed exclusively to Unit Linked insurance products made available in Greece within the framework of insurance programs issued by “Anonymous Hellenic General Insurance Company, Ethniki”.
  

The units of the Euroxx Hellenic Recovery Balanced Fund are divided into two share classes: Class R units and Class I units, with the following characteristics: 

• Class R units: available to all investors who acquire a holding in the Mutual Fund through the distribution network of “Euroxx Securities SA” that acts as a contracted sub-distributor for the subscription of Mutual Fund units; and
  
• Class Ι units: exclusively available to (i) institutional investors; and (ii) customers who acquire units under agreements on portfolio investment management or investment advice services, which have been concluded with investment firms.