Glossar

An call option gives the holder (buyer) the right, but not the obligation, to buy a security or other financial asset at an agreed price (the strike price) during a specified period (until expiration date) or on a specified date (the exercise date). Opposite: put option. Please see "Option" for a more detailed explanation.

In the case of investment income, tax may be withheld, the so-called capital gains tax (e.g. investors with residential status in Germany: Kapitalertragssteuer, KESt). In general, capital gains tax is a tax on the profit gained when selling an asset that increased in value.

Capital management company or management company (ManCo) refers to the manager of an investment fund. The term "fund management company" is often used synonymously.

Shows the share of cash of the total assets of an investment fund.

Bond price without taking into account accrued interest.

Clearing is the central settlement of a buy or sell order in the context of a money or securities transaction.

Interest paid on the previously earned interest on the capital invested.

Contingent Convertibles are instruments that act like bonds but are converted into equity if the issuing bank comes under extreme stress, e.g. if the core capital ratio falls below a certain level. For more information on the Assenagon Contingent Convertibles strategy, please see here.

Risk due to geopolitical, economic and social conditions in the respective country.

The coupon is the interest payment that the bondholder receives from the issuer of a bond.

Credit as an asset class refers to financial assets that bear credit risk (e.g. corporate bonds or government bonds from emerging markets). The overview of Assenagon Credit funds can be found here.

The credit spread (credit risk premium) is the difference in yield between bonds with similar maturities but different credit ratings, e.g. between the yield of a corporate bond and the benchmark rate (e.g. a government bond). The overview of Assenagon Credit funds can be found here.

The risk that the value of an investment will change due to exchange rate fluctuations.

In order to strictly separate the fund assets from the assets of a capital management company (e.g. Assenagon), a custodian bank sets up separate fund accounts. The tasks of the custodian bank include the issue and redemption of unit certificates, the determination of the issue and redemption prices of the funds, the safekeeping of the assets and the processing of distributions to the unit certificate holders.

The costs for the custodian bank are paid directly from the fund's assets.