| Description |
Initial investments into a share class may be subject to a minimum requirement, as set forth in the prospectus – such as buying a specific number of shares, or also by investing a specific amount of money. A subscription requirement for a specific amount of money usually implies that one can invest in fractions of a share class unit, so long as the minimum amount of money is met. For instance, assume that a share class of a fund costs 125 currency units. If investors are required to buy a specific number of shares, "shares" is the right choice. If, however, the requirement is to invest 200 currency units, then "amount" is the answer.
In exceptional cases the prospectus mentions different requirements for initial and subsequent subscriptions. For example, a minimum of 1,000 currency units are required for initial subscription, and subsequent subscriptions must be of at least 10 shares. Such combination is reflected as "shares and amount". In case the prospectus only mentions as an example: “Minimum investment is 10,000 currency units or equivalent in shares…”, openfunds expects indication of “amount” only.
In case there is no minimal subscription neither for initial nor for subsequent subscriptions, please choose "shares and amount" and insert the number '0' (zero) into the following linked fields:
- OFST400220 Minimal Initial Subscription In Shares
- OFST400250 Minimal Subsequent Subscription In Shares
- OFST400230 Minimal Initial Subscription In Amount
- OFST400260 Minimal Subsequent Subscription In Amount |