Glossar

Ongoing charges express the sum of costs and fees as a percentage of the average fund volume. They do not take into account potential performance-related remuneration and transaction costs.

An option gives the holder (buyer) the right, but not the obligation, to buy (if it is a call option) or sell (if it is a put option) 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). The counterparty of the holder is the writer (seller) of the option who, when the option is exercised by the holder, must fulfil his obligation to buy (if it is a put option) or sell (if it is a call option) the underlying securities. The option price is called the premium and is paid by the option buyer to the option writer. Options and strategies derived from options can be used to systematically change the risks of funds – for example through volatility exposure, as in the Assenagon Balanced EquiVol.

Over-the-counter (OTC) trading takes place directly between two parties (e. g. fund company and bank) without the involvement of a central securities exchange. This makes sense especially for investment funds that use tailor-made investment instruments, such as our Volatility funds.