The KIDs are reviewed once a year. Please consult and use the latest version available on our website (www.baloise-life.com/kid). If the KID or the website is unavailable, we invite you to contact us at the following address: priips@baloise.lu.

SOFT and HARD CLOSE

A Soft close is a term used when the fund is closed to new subscriptions, until further notice. The soft close is intended to limit subscriptions but the fund remains open to subscriptions within the scope of planned payments. 
Hard close where the fund is closed to both subscriptions and planned payments. In general, funds impacted by soft close or hard close are equity funds invested in small and mid-cap companies. The closure protects the interests of unitholders. 

ETF

An exchange-traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index although they can invest in any number of industry sectors or use various strategies. ETFs are in many ways similar to mutual funds; however, they are listed on exchanges and ETF shares trade throughout the day just like ordinary stock. ETF funds can be in multiple currencies.

SFDR

The European sustainable finance disclosure regulation (“Sustainable Finance Disclosure Regulation” or “SFDR” or “Disclosure Regulation”) imposes transparency requirements on any financial product that promotes environmental or social characteristics or has a sustainable investment objective.

It applies to “financial market participants” such as an insurance company offering insurance-based investment products.

In other words, the financial market participants have to provide transparent information on the extent to which they take sustainability criteria into account in their investment.

Under Disclosure Regulation financial products shall be classified into 3 distinct categories depending on their sustainability levels: Article 6 products, Article 8 products, Article 9 products.

• Article 6 financial products that do not promote environmental and/or social characteristics and that do not have a sustainable investment objective and that do not meet the definition of Articles 8 and 9.
• Article 8 financial products that promote, among other characteristics, environmental and/or social characteristics or a combination of these characteristics, provided that the companies in which the investments are made apply good governance practices.
• Article 9 financial products that pursue a sustainable investment objective.