Fees

The fund manager will receive a management fee and a performance fee.

The management fee will be equal to 1.5% of the net assets value, excluding the performance fee and management fee. The management fee will be calculated and paid on a monthly basis. The fund manager will also be entitled to receive a performance fee of 20% of the increase (if any) in the net assets value, excluding the performance fee and including the management fee. The performance fee will be calculated and paid on a yearly basis, according to the ‘high watermark’ rule and with the use of an equalisation reserve.

A ‘high watermark’ means that if the fund suffers a reduction of the net asset value, the amount of the reduction must be recovered by a corresponding increase before the fund manager is entitled to receive performance fees. This is calculated per participant per year; with the use of this method participants only pay a performance fee when they have yearly positive returns.

DQS Absolute Return Fund does not charge any subscription or redemption fees. Only if a redemption is made during the first year of participation, 3% of the redemption price will de deducted.

Further detailed information can be found in the documents below:
- prospectus
- equalisation reserve