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A fund management company may in connection with its fund and portfolio management, only pay/issue or accept compensation in the form of charges, commissions or benefits (incentives) under certain conditions. Certain incentives paid or issued to or by a third party must be designed to improve the quality of the relevant operations and must not prevent the manager from acting in the best interest of investors.

Information about the incentives Catella Fondförvaltning AB (the "Fund Management Company") pays or accepts is provided below. More detailed information can be provided to investors upon request.

Compensation within the framework of fund operations

The Fund Management Company is paid compensation by the funds for their management, administration, auditing, accounting and record-keeping, as well as for the costs of the supervisory activities of the Swedish Financial Supervisory Authority (Finansinspektionen). The compensation is comprised of fixed and variable management charges in accordance with the fund rules for each fund.

In addition to this compensation, the fund pays any taxes, custody charges, execution charges (brokerage), analysis costs and the equivalent to third parties. The funds only pay analysis costs to the extent such costs are to the benefit of the fund and attributable to the fund's investment policy. The funds’ brokerage charges is not known in advance and is paid by the funds on a current basis in connection with the funds' purchases and sales of financial instruments. The company uses a so-called budget model for calculating analysis costs, which means that the analysis cost is calculated and charged to the funds completely independent of the transactions carried out in underlying securities of each fund. Instead, the funds are charged daily-accrued costs based on a budget determined annually. The total cost of brokerage charges, analysis and other transaction-related expenses paid by a fund during one year, with specific reference to the specific cost of analysis, is shown in the fund's respective annual reports.

Compensation in connection with discretionary portfolio management

In connection with discretionary management mandates, the Fund Management Company is paid fixed and variable management charges, as agreed, equal to a specified percentage of the assets under management.

Compensation to distributors and others

The Fund Management Company has entered into agreements by which the Fund Management Company pays compensation based on, and amounting to a maximum of, the management fee paid by the Fund Management Company's managed funds. The contracts are typically entered into with distributors (such as banks, insurance brokers and securities companies) who sell the units of the Fund Management Company’s funds to the end investors, but may in special cases also be entered into with other investors. The compensation is normally paid as a percentage of the management fee (either the fixed fee or, where relevant, the performance based fee) that the Fund Management Company is paid from the amount of capital which is invested by the distributor or investor. The above compensation may also be paid to investors that make use of the Fund Management Company's funds as a component of combined structured products.

Third-party inducements

The Fund Management Company receives no compensation in the form of goods or services.

Last changed: 28 November 2018

Risk information

Investments in fund units are associated with risk. Past performance is no guarantee of future returns. The money invested in a fund can increase and decrease in value and it is not certain that you will get back the full amount invested. No consideration is given to inflation. The Catella Balanserad, Catella Credit Opportunity and Catella Hedgefond funds are special funds under the Swedish Alternative Investment Fund Managers Act (SFS 2013:561) (AIFM). Catella Sverige Aktiv Hållbarhet and Catella Småbolagsfond may use derivatives, and the value of the funds may vary significantly over time. The value of Catella Sverige Hållbart Beta may vary significantly over time. Catella Avkastningsfond may use derivatives and may have a larger proportion of the fund invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds, in accordance with Chapter 5, Article 8 of the Swedish Investment Funds Act (SFS 2004:46). Catella Nordic Long Short Equity and Catella Nordic Corporate Bond Flex may use derivatives and may have a greater proportion of the funds invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds. For more details, complete prospectuses, key investor information, and annual and half-yearly reports, please refer to our website at or phone +46 8 614 25 00.

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