Table of Fees


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1.  Accumulation principle

To determine the rate of front load fee for the purchase, the amount of payment and the value of money accumulated in registers in a given sub-fund is considered, as at the date of participation units purchase.

2.  Fees for the purchase of participation units:

2.1. Table of Fees*

The sum of payments and values of participation units in register(s) in a given subfund (in PLN) UniKorona Zrównoważony, UniAkcje Dywidendowy, UniKorona Akcje, UniAkcje  Wzrostu, UniAkcje: MiŚ, UniAkcje: Nowa Europa, UniAkcje: Turcja, UniAkcje: Daleki Wschód*****, UniStrategie Dynamiczny*****, UniAbsolute Return Uniwersalny, UniAkcje Biopharma*****, UniAkcje Globalny Dywidendowy***** UniStabilny Wzrost, UniObligacje Aktywny*****, SGB Zagraniczny**** UniDolar Pieniężny**, UniObligacje: Nowa Europa UniKorona Obligacje, SGB Dłużny***** UniKorona Pieniężny, UniLokata, UniDolar Pieniężny***, UniEURIBOR,  UniWIBID Plus, SGB Gotówkowy****, UniAktywny Pieniężny*****
< 5 000 5,00% 3,00% 2,00% 1,00% 0,00%
5 000 - below 10 000 4,50% 2,50% 1,50% 0,80% 0,00%
10 000 - below 25 000 4,00% 2,00% 1,00% 0,60% 0,00%
25 000 - below 50 000 3,00% 1,50% 0,80% 0,40% 0,00%
50 000 - below 100 000 2,00% 1,00% 0,50% 0,20% 0,00%
100 000 - below 500 000 1,50% 0,50% 0,30% 0,20% 0,00%
500 000 - below 1 000 000 0,75% 0,30% 0,20% 0,10% 0,00%
below 1 000 000 0,30% 0,15% 0,10% 0,10% 0,00%

* Does not refer to fees in Specialist Investment Programs. The manner and amount of fees connected with participation in the Specialist Investment Program is determined every time by the Participation Contract in the Plan.

** For the purpose of charging fees for switches from the UniDolar Pieniężny sub-fund in PLN for Customers having a register in PLN before May 16th, 2011.

*** For the purpose of charging fees for purchase of participation units of the UniDolar Pieniężny sub-fund and fees for switches from the UniDolar Pieniężny sub-fund in PLN for Customers having a register in
PLN after May 16th, 2011.

**** No switches / conversions.

***** No switches to sub-funds, to which investment limits of closed-end funds apply: UniObligacje Aktywy, UniWIBID Plus and to UniEURIBOR sub-fund.

3.  Fees for opening an account

Union Investment releases persons entering (sub)funds from carrying fees for the opening of a register.

4.  The redemption of participation units

Union Investment releases (sub)fund participants from carrying fees for the redemption of units.

5.  The switch / conversion of participation units

Switches/ conversions of participation units are possible only between funds denominated in the same currency.

The amount of the variable fee for conversion / exchange is fixed based on the variable fee rate for conversion / exchange and the base set for the final amount of this rate. The maximum variable fee rate for conversion / exchange is the difference between the rate of the fee for the purchase of participation units, according to the Table of Fees for the (sub)fund in which the participation units are purchased (the target (sub)fund), and the fee rate for the purchase of participation units in the fund where participation units are redeemed (the source (sub)fund), with the stipulation, that this rate is not negative.

The variable fee is collected by Union Investment in the (sub)fund, in which participation units are purchased (the target (sub)fund), from the sum of converted resources. The base for setting the final amount of the fee rate for switch / conversion is the value of participation units possessed by the participant in the source (sub)fund on the pricing day.

The collection of the variable fee occurs after deducting the due tax.

6. Exemption from fees or a reduction of fees

An exemption from fees or a reduction of its rate can occur in the following events:

In every case an exemption from handling charges or its reduction is decided by the Fund Company.
 

7. Tax on capital profits

In relation to the “Law regarding income-tax from natural persons” (consolidated text of Journal of Laws from the year 2000, No. 14 . pos. 176 with later changes), a tax is collected in the amount of 19% from all capital gains. The tax is collected only in PLN. In case of other currencies the tax is calculated on the basis of the average exchange rate published by the National Bank of Poland.

In investment funds this tax is collected only in the case of the redemption or conversion of participation units. This tax is shown on the confirmations sent to the participant after the redemption or conversion of participation units is made.