I. Company law information

 

MEAG MUNICH ERGO AssetManagement GmbH manages financial and real estate portfolios and renders investment advisory services only for companies belonging to Munich Re Group.

 

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH is an investment company as defined in the German Code of Investment Law. It manages special and retail investment funds with various investment focuses, and also renders individually tailored investment management services to institutional investors that are not part of Munich Re Group. It is monitored by the German Federal Financial Supervisory Authority (BaFin), as is dictated by German investment law.

 

II. Conditions of use

 

1. Scope of validity

These Terms and Conditions of Use of the MEAG companies described in I. above (hereinafter "MEAG") apply in their latest amended version for the use of the website accessible at the URL www.meag.com (hereinafter the "MEAG website").

 

2. Information for professional investors

The content of certain "Institutional Investors" section are aimed only at Professional Customers and Suitable Counterparties. The information in this section does not account for the legal requirements on presenting information for private investors and is not meant for private investors. For this reason, any user entering the respective "Institutional Investors" sections must provide an electronic confirmation of being a Professional Customer.

 

3 Available information

 

3.1 Correctness, completeness and current validity

The information on the MEAG website is carefully researched and updated regularly, however mistakes cannot be entirely ruled out. The facts and data upon which the information is based may be subject to change. Furthermore, MEAG is reliant on information and data from third parties, so it cannot guarantee or accept any liability for the correctness, completeness or current validity of any information on the MEAG website. This also applies to information on websites linked to the MEAG website or connected to it in any other way.

 

3.2 Legal and tax aspect

Where applicable, the information is based on MEAG's assessment of the current legal and/or tax situation, the correctness of which it cannot guarantee. Other information is merely a generalised observation without including any individually relevant aspects. Hence, the website www.meag.com contains no legal or tax-related advice. The information it contains is no substitute for individualised advisory services as provided by a legal or tax consultant, and we explicitly recommend such services to the user.

 

3.3 Fund reports, Market View

The Market View and reports on selected MEAG mutual funds to be found on the MEAG website reflect MEAG's current opinion. The information they contain comes from sources that MEAG considers to be reliable, but it is not necessarily exhaustive, nor can we guarantee its correctness. Forecasts and expectations expressed are subject to risks and uncertainties, so the actual performances can vary significantly from the expectations and assumptions. MEAG reserves the right to change its assessments and is not obliged to update such information.

The information contained in the market and fund assessments is not intended as an offer or invitation to buy or sell financial instruments, or as investment advice, an investment recommendation, financial analysis or rating; it is purely for informational purposes.

4. Linked websites

The MEAG website may contain references or links to other websites. MEAG inspects other websites before setting the initial link, but does not review linked websites continuously. It has no influence on the further structure or on the content of the linked website and does not adopt it as its own. It can therefore not accept any liability for the content of such websites.

 

5. Availability of the MEAG website; amendments

Uninterrupted availability of the MEAG website cannot be guaranteed. MEAG reserves the right to restrict the availability of the MEAG website to any extent at any time or to permanently remove the MEAG website from the Internet. MEAG has the right to make amendments of any kind to the MEAG website and the information it contains at any time at its own discretion.

 

6. Property rights

 

6.1 Copyright

The MEAG website, its component parts and the content available on it are subject to protection by copyright law: in as much as these parts are works, protection under §§ 2 ff of the German Copyright Act (UrhG), in as much as they are computer programs, protection under §§ 69a ff. UrhG and in as much as they are a database, protection under §§ 87a ff. UrhG. All rights thereto belong to MEAG or the applicable holder of the rights. Any use of these elements that goes beyond accessing the website and taking note of the information it holds that is not explicitly permitted by law requires prior written consent from MEAG. This applies in particular to copies made for commercial purposes.

 

6.2 Brand names and other trademarks

The name "MEAG" and the MEAG logo are protected internationally by trademark. Other brands, company names, logos and product names appearing on the MEAG website may also be protected brands. These brands, company names, logos and product names may only be used with the prior written consent of MEAG or the applicable rights holder.

 

7. Sales prospects for the purchase of fund units

The sole binding basis for the purchase of fund units are the respectively applicable material investor notifications, the sales prospectus with the contractual terms and the most recent annual or six-monthly report of the fund in question. The sales prospectus contains extensive risk indications. These documents are available free of charge from:

 

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Am Münchner Tor 1

80805 Munich

Internet: www.meag.com

E-mail:  info@meag.com

Telephone:  + 49 (0)89 | 24 89 - 2489

Fax:  + 49 (0)89 | 24 89 - 25 55

 

8. Statements of performance, Ratings and Indices

8.1 Statements of performance

Unless otherwise noted, statements made on past performance are based on calculations made in accordance with the BVI method (BVI Bundesverband Investment und Asset Management e.V., "Gross Performance"). Accordingly, the investment is made at unit value and no further costs (e.g. issue surcharge or custodian fees) that reduce the performance are taken into account in this calculation method in addition to the costs already arising in the fund (e.g. management fee).

The net performance takes into account the issue surcharge payable by the investor when purchasing the units, and the costs arising at fund level. As the issue surcharge only applies in the first year, the difference between gross and net only arises in this year. The extent of the surcharge depends essentially on the type of fund and its investment focus. The exact amount of the issue surcharge for each investment fund or fund unit can be found in the sales prospectus or on the relevant page of the fund portrait. Custodian fees may also be charged to the investor, reducing the performance.

Statements made on past performance are not a reliable indication of future performance. The value of the fund units and their returns may rise or fall, and it is possible that the investor may not receive the full amount initially invested when redeeming units.

 

8.2 Morningstar rating TM

© 2011 Morningstar Inc. All rights reserved.

 

The information contained herein

 

• is protected by copyright for Morningstar and/or its content providers;

• must not be copied or disseminated; and

• is not guaranteed to be correct, complete or up to date.

 

Neither MEAG nor Morningstar Inc. nor their content providers are responsible for any loss or damage that may arise as a result of using this information.

 

8.3 MSCI
8.3.1 © [2021] MSCI ESG Research LLC. Reproduced by permission. Although MEAG’s information providers, including without limitation MSCI ESG Research LLC and its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limitation of any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

8.3.2 Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limitation any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com).

8.4 J.P. Morgan
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2020, J.P. Morgan Chase & Co. All rights reserved.

8.5 Solactive
Index calculated by Solactive AG. The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG.  Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

8.6 JPX Market Innovation & Research, Inc.

The Topix 100 Total Return Index Value and the Topix 100 Total Return Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") an JPX owns all rights and know-how relating to Topix 100 Total Return Index such as calculation, publication and use of the Topix 100 Total Return Index Value and relating to the Topix 100 Total Return Marks. JPX shall not be liable für the miscalculation, incorrect publication, delayed or interrupted publication of the Topix 100 Total Return Index Value.

9. Calculation basis for offer calculator / fund calculator, model calculations

All model calculations made on the MEAG website are non-binding. The assumed per annum performances are estimated values and not a reliable indicator of future performance. The actual result is dependent on the development of capital markets and currencies and can therefore ultimately be better or worse than the prediction. Tax aspects are not taken into account in the model calculations.

 

In the case of fund payment plans it is to be taken into account that the amount of the payments has to be adjusted regularly to the market developments in order to achieve the goal set by the customer (capital retention / capital consumption).

 

10. Sales restrictions

The content of the MEAG website is only intended for users to which/whom no sales restrictions apply in accordance with the following.

 

The dissemination of information contained on the MEAG website and the offering of investment fund units mentioned are subject to legal restrictions in some legal systems. For persons whose place of residence or business is in a country that restricts the dissemination of this information, the contents of this website are neither an offer nor are they an invitation to acquire investment fund units.

 

The funds described on this website are solely intended for sale within the Federal Republic of Germany (except MEAG EuroCorpRent, MEAG EmergingMarkets Rent, MEAG FairReturn, MEAG MultiSmart, MEAG EuroErtrag, MEAG EuroBalance, MEAG EuroInvest and MEAG Nachhaltigkeit, which are also available in Austria; and MEAG FlexConcept Basis and MEAG FlexConcept Wachstum also in Luxembourg). In particular, the funds described on the MEAG website are not offered for sale or distribution in the USA and may not be sold to US citizens or otherwise transferred to persons in the USA. US citizens are defined here as persons who are US nationals or who have their residence in the USA and/or who are liable to pay tax in that country. US citizens can also be persons or companies founded in accordance with the laws of the USA or a US federal state or territory.

 

Sales and payment agent and fiscal representative in Austria:

 

Volksbank Wien AG, Schottengasse 10, A-1010 Wien

 

Private investors cannot invest directly in the MEAG FlexConcept fund or its subfunds.

 

11. Stock exchange data

Share price information on the MEAG website is presented with a time delay that depends on the exchange and type of security in question. Neither MEAG nor the individual stock exchanges or their affiliated companies are liable to the user for direct or indirect losses resulting from incorrect, incomplete or delayed presentation of indexes, share prices or other information. We accept no liability for lost profits. The information is designed solely to inform private users and does not represent investment advice or any other kind of recommendation.

 

12. Disclaimer of liability

Any disclaimer of liability under sections 3, 4, 5, 8 and 9 above does not apply in the case of intent or gross negligence.

 

13. Applicable law; authoritative language version

In as much as legally admissible, only the law of the Federal Republic of Germany shall apply to all disputes arising in connection with the MEAG website or these Conditions of Use, irrespective of the legal grounds, however under preclusion of all legal norms that refer to another legal system. These Conditions of Use shall also be interpreted in accordance with German law.

 

Versions of these Conditions of Use available on the MEAG website in languages other than German are for information purposes only. The German-language version shall be the sole legally definitive version.

 

14.  Complaint management / Ombudsman procedures

Information on complaint management and ombudsman procedures is available here.