Management fees

 QUERCUS Short Duration

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 0.8% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) the variable part of the remuneration won’t be charged

2. The maximum Distribution Fee amounts to:
     1.5% of the payment made by the participant.

  QUERCUS Capital Protection

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 1% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) a variable amount no higher than 10% of the increase in the Subfund’s Net Asset Value per participation unit above the reference rate equal to the constant annual value of 0% and no higher than 0.5% p.a. of the Subfund’ Net Asset Value per participation unit on a given day.

2. The maximum Distribution Fee amounts to:
     1.5% of the payment made by the participant.

 

QUERCUS Treasury Bonds

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 1.0% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) the variable part of the remuneration won’t be charged

2. The maximum Distribution Fee amounts to:
     1.5% of the payment made by the participant.


QUERCUS Stable

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 2.5% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) a variable amount no higher than 10% of the increase in the Subfund’s Net Asset Value per participation unit above the reference rate equal to the constant annual value of 0% and no higher than 1.0% p.a. of the Subfund’s Net Asset Value per participation unit on a given day.

2. The maximum Distribution Fee amounts to:
     2.5% of the payment made by the participant.

QUERCUS Global Balanced


1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 2.8% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) a variable amount no higher than 10% of the increase in the Subfund’s Net Asset Value per a participation unit above the reference rate equal to the constant annual value of 10% and no higher than 1% p.a. of the Subfund’s Net Asset Value per participation unit on a given day.

2. The maximum Distribution Fee amounts to:
     2.8% of the payment made by the participant.

QUERCUS Aggresive

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 3.3% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) a variable amount no higher than 20% of the increase in the Subfund’s Net Asset Value per a participation unit above the reference rate equal to the change in the WIG index value and no higher than 0.5% p.a. of the Subfund’s Net Asset Value per participation unit on a given day.

2. The maximum Distribution Fee amounts to:
     3.3% of the payment made by the participant.

QUERCUS Global Growth

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the following:

    a) a fixed amount no higher than 3.3% on an annual basis computed based on the Subfund’s Net Asset Value on a given day,

    b) a variable amount no higher than 20% of the increase in the Subfund’s Net Asset Value per a participation unit above the reference rate equal to the change in MCI World Index and no higher than 0.5% p.a. of the Subfund’s Net Asset Value per participation unit on a given day.

2. The maximum Distribution Fee amounts to:
     3.3% of the payment made by the participant.

QUERCUS lev

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of fixed amount no higher than 3.5% on an annual basis computed based on the Subfund’s Net Asset Value on a given day.

2. The maximum Distribution Fee amounts to:
     3.8% of the payment made by the participant.

QUERCUS Gold

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of fixed amount no higher than 3.5% on an annual basis computed based on the Subfund’s Net Asset Value on a given day. 

2. The maximum Distribution Fee amounts to:
     3.8% of the payment made by the participant.

QUERCUS short

1. The remuneration paid to Quercus TFI S.A. for managing the Subfund consists of the fixed amount no higher than 3.5% on an annual basis computed based on the Subfund’s Net Asset Value on a given day. 

2. The maximum Distribution Fee amounts to:
     3.8% of the payment made by the participant.

QUERCUS Multistrategy FIZ

1. The remuneration paid to Quercus TFI S.A. for managing the Fund consists of the following:

    a) a fixed amount no higher than 3% on an annual basis computed based on the Fund’s Net Asset Value on a given day,

    b) a variable amount no higher than 10% of the increase in the Fund’s Net Asset Value per a certificate above the reference rate equal to the constant annual value of 0%  of the Fund’s Net Asset Value per certificate on a given day.

2. The maximum Distribution Fee amounts to:
     4% of the payment made by the participant