Investment funds

An Investment Fund (IF) or Collective Investment Institution (CII) is a savings/investment instrument whereby each customer (participant) owns a part of the assets that comprise the IF in proportion to the value of their contributions.

All the contributions of these participants make up the fund's assets, which are managed by professionals from the financial markets (management company), according to the investment policy that each fund has established.

The IF provides access to investing in countries and markets that would be very difficult to access individually or at a very high cost. The securities (shares and/or bonds) in which the management company decides to invest the fund's assets are deposited in a depository entity, which safeguards these securities and, in turn, supervises the management of the management company.

Customers make contributions to the chosen fund by acquiring shares in it. These contributions constitute the fund's capital, which are invested in different assets (in accordance with the fund's investment policy) by the investment fund's management team in order to obtain the maximum return.

The value of the shares that make up the fund, will be given by the market price of all the assets in which the fund invests and will be the result of dividing the equity of the fund by the number of shares existing at each time.

The investment funds have characteristics that make them attractive savings and investment products:

• Investment funds permit easy access to the different financial markets to try to achieve returns on the invested capital.
• Specialised market management: The fund is managed by highly qualified staff, with experience and who are familiar with the markets invested in.
• Greater flexibility: The investment can be adapted to each risk profile, the investment horizon and the sustainability preferences to achieve all the objectives set.
• Greater scope: possibility of investing in markets more easily thanks to the fact that the savings are added to those of the rest of the investment fund investors.
• Immediate liquidity: you can access your savings at any time and without any penalty.
• Transparency: Investment funds are supervised by the CNMV, audited annually by external consultants and biannually make available to investors the portfolio where the assets have been invested.
• Diversification: investment funds invest the capital in different assets, thus reducing the risk of the portfolio.
• Taxation: One of the main tax advantages of investment funds is that the transfer between funds is exempt from taxation. In other words, if you move your investment from one fund to another, you will not have to pay tax on the earnings obtained to date (latent capital gain).

To subscribe to an investment fund, please contact your nearest Occident branch or call this telephone number to request advice from an Occident Capital, A.V. representative at the branch. They can advise you on how to make your investment. The minimum amount to start investing in an Occident brand fund will be €600 and for subsequent contributions it will be €300. The funds of the GCO brand have no minimum amount.

To follow a correct investment strategy, diversification is essential, both in the case of a professional and an individual investor. This will always depend on the investor's risk profile and time horizon. The greater the risk tolerance and the longer the time horizon the investor has, the greater the weighting of equities.

Diversification dilutes the risk associated with a fall in value or sector, given that the assets have a different behaviour to market conditions.

With the investment funds marketed by Occident Capital, A.V., you can take advantage of the efficiency of the markets by picking up the trend, and taking advantage of the diversification of the funds showing a lower volatility than the one that presents the market.

The managing entity of the investment funds of the Occident brand is Gesiuris Asset Management, SGIIC. S.A.

The managing entity of the investment funds of the Grupo Catalana Occidente brand is Grupo Catalana Occidente Gestión de Activos, S.A.U. S.G.I.I.C.

You can follow the daily progress of your investment funds (in addition to other products) in a personalised way by registering with e-customer. You can also check the net asset value of investment funds on this website.

The investment funds marketed by Occident Capital, A.V. have two types of fees:

• Management fee: This is the remuneration received by the management company for managing the assets and depends on the fund's investment policy.
• Depository fee: This is the remuneration received by the depository company for safeguarding the securities in which the funds invest.

There are also other types of fees, such as the subscription fee and redemption fee, among others. The funds marketed by Occident Capital, A.V. do not charge any fees of this kind. If you wish to consult the amounts of these fees, they are explained in the brochures registered with the CNMV.