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 Regular Income Strategy 2027 Domestic Bond Fund
- Piraeus Regular Income Strategy 2028 European Bond Fund
- Piraeus Regular Income Strategy 2028 II European Bond Fund
- Piraeus Regular Income Strategy 2029 European Bond Fund
- Piraeus Regular Income Strategy 2026 European Bond Fund
- Piraeus Income 2025 European Bond Fund
- Piraeus Income 2026 European Bond Fund
- Piraeus Regular Income Strategy 2029 (II) European Bond Fund
- Piraeus Regular Income Strategy 2027 European Bond Fund
- Piraeus Income 2026 (II) European Bond Fund
- Piraeus Regular Income Strategy 2027 (II) European Bond Fund
- Piraeus Regular Income Strategy 2029 (III) European Bond Fund
which have no share classes, the units of the other Mutual Funds are divided into several classes.
More specifically:
Characteristics of the Share Classes of the above mutual funds
- Share Class R: available to all customers / investors without discrimination
- Share Class Ρ: available exclusively to investors who acquire a participation in the Fund through the “Private Banking” Distribution Network of Piraeus Bank
- Share Class Ι: available exclusively to (i) institutional investors i) institutional investors with a minimum investment amount as reflected in the Regulation of each M/F and (ii) customers of Piraeus Bank Group to which an investment portfolio management or investment advisory service is provided by a Group company, in the case that the acquisition of the units is carried out in the context of the provision of such services; and
- Share Class U: is addressed exclusively to Unit Linked insurance products available in Greece under insurance programs issued by NN HELLAS Insurance Company in cooperation with Piraeus Bank SA
It is noted that
The units of the Piraeus Ideas Global Equity Fund, Piraeus ESG Dynamic Companies Greek Equity Fund and Piraeus European Balanced Fund
are divided into four classes:
- Private Banking units, which is available to i) 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, and ii) companies that are either listed on recognized trading venues within the meaning of article 4 (24) of Directive 2014/65/EU, or have a turnover in excess of EUR 20.000.000
- Class I units, which is exclusively available to i) institutional investors 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
- Class R units: available for every customer/investor, without any discrimination
- Class U units, 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.
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.