Distribution fees | Quercus TFI S.A.

The Table of Fees is effective from April 1, 2019.

DISTRIBUTION FEES
The distribution fee is charged in the case of purchasing A class participation units.

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the branches of  Bank Millennium SA, on the website www.bankmillennium.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl.

The Table of distribution fees for clients of Bank Millennium S.A. has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.  

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold, QUERCUS Silver is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the branches of  BNP Paribas Bank Polska S.A., at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl. 

The Table of distribution fees for clients of BNP Paribas Bank Polska S.A. has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.  

In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the branches of Dom Inwestycyjny Xelion sp. z o.o., on the website www.xelion.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl. 

The Table of distribution fees for clients of Dom Inwestycyjny Xelion sp. z o.o. has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.  

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold, QUERCUS Silver is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the branches of Dom Maklerski Banku Ochrony Środowiska S.A., on the website www.bossafund.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl. 

The Table of distribution fees for clients of Dom Maklerski Banku Ochrony Środowiska S.A ., has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.    

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold, QUERCUS Silver is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the headquarters of IPOPEMA Securities S.A., on the website www.ipopemasecurities.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl. 

The Table of distribution fees for clients of IPOPEMA Securities S.A., has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.   

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold, QUERCUS Silver is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units. 
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously. 

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at the headquarters of Finance Navigator Sp. z o.o., on the website www.financenavigator.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl. 

The Table of distribution fees for clients of Finance Navigator Sp. z o.o., has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.   

The distribution fee is charged in the case of purchasing A class participation units.

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold, QUERCUS Silver is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units.
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously.

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

The Table of distribution fees is available at at the branches of KupFundusz SA or on the website www.kupfundusz.pl at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl.

Table of distribution fees has been produced in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.

DISTRIBUTION FEES
The distribution fee is charged in the case of purchasing A class participation units.

* The first minimum payment for: QUERCUS lev, QUERCUS short is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units.
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously.

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

Table of distribution fees is available at the branches of mBank S.A., on the website www.mbank.pl, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl.

The Table of distribution fees for clients of mBank S.A. has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.

(The Table of Handling Fees)

The Table of Fees is effective from May 15, 2020.

Handling fees specified in the Table of Fees are charged from clients holding the Participant Accounts assigned to mBank S.A.–Biuro maklerskie mBanku. and they are due to mBank S.A.–Biuro maklerskie mBanku (hereinafter the Distributor)
Handling fees specified in the Table of Fees are charged in case of purchasing and swapping participation units out carried out under the Participant's Account assigned to the Distributor, in terms of the QUERCUS Parasolowy SFIO subfunds distributed by the Distributor.
The Distributor does not carry out distribution of units of QUERCUS Global Growth sub-fund. In the event that a Participant acquires participation units in the abovementioned sub-fund to the Participant's Account assigned to the Distributor, handling fees are charged in accordance with the Table of Handling Fees appropriate for Quercus TFI S.A. and are due to Quercus TFI S.A. Handling Fees Table suitable for Quercus TFI S.A. is available at the headquarters of Quercus TFI S.A. and on the quercustfi.pl website.

DISTRIBUTION FEE FOR THE PURCHASE OF PARTICIPATION UNITS
The distribution fee is charged in case of purchasing the A class participation units.

* The first minimum payment for: QUERCUS lev, QUERCUS short, QUERCUS Gold is 200.000,00 PLN

The distribution fee rate is determined by taking into consideration the amount of all participation units collected on all participation records on one client’s account. This includes current payments calculated on this client’s account or the sum of payments, if they are calculated on this customer’s account on the same day, i.e. with the prices of participation units of one day (the accumulation rule).
The accumulation rule does not apply regarding conversion/switch of participation units. In the case of conversion/switch of  participation units the equalization fee is charged.

EQUALIZATION FEE
The equalization fee is charged in the case of conversion/switch of participation units.
The equalization fee is equal to the distribution fee of the new subfund reduced by the distribution fee of the source subfund, for the value of the acquisition order of participation units.  When buying the participation units in the source fund made on the basis of the conversion/switch then the distribution fee is reduced by the distribution fee of this fund with the highest distribution fees of all funds which participated in conversion/switch of  participation units  previously.

REDEMPTION FEE
The redemption fee is not charged in the case of  participation units series A.

PARTICIPANT ACCOUNTS ASSIGNED TO MBANK S.A. - MBANK BROKERAGE OFFICE
Participant's account assigned to mBank S.A. – Biuro maklerskie mBanku means a Participant's Account opened through mBank S.A. – Biuro maklerskie mBanku (or legal predecessors) or a Participant's Account, which was opened through another distributor, but the Participant decided to transfer it to mBank S.A. – Biuro maklerskie mBanku (or legal predecessors).

Table of distribution fees is available at the branches of mBank S.A. – Biuro maklerskie mBanku (or legal predecessors) providing customer service of Private Banking&Wealth Management, on the website https://www.mbank.pl/private-banking, at the headquarters of Quercus TFI S.A. and on the website www.quercustfi.pl.

The Table of distribution fees for clients of mBank S.A. – Biuro maklerskie mBanku, has been executed in Polish and English versions. In event of any discrepancies, the Polish version shall be referred to.