{"id":7201,"date":"2022-05-06T19:42:16","date_gmt":"2022-05-06T23:42:16","guid":{"rendered":"https:\/\/flexfunds.com\/faqs\/"},"modified":"2024-01-25T04:57:07","modified_gmt":"2024-01-25T09:57:07","slug":"faqs","status":"publish","type":"page","link":"https:\/\/flexfunds.com\/pt-br\/faqs\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"

Quest\u00f5es? Olhe aqui<\/h1>\n

\t\tN\u00e3o consegue encontrar uma resposta? Ligue para +1 (305) 420 6168<\/strong> ou envie um e-mail para info@flexfunds.com<\/strong>
\n \n \n \n \n\n <\/linearGradient>\n \n \n \n <\/linearGradient>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n <\/defs>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n<\/svg><\/p>\n

\n \n \n \n\n <\/linearGradient>\n \n \n \n <\/linearGradient>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n \n \n <\/symbol>\n <\/defs>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n \n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/use>\n <\/g>\n<\/svg><\/p>\n

Conte\u00fado<\/h2>\n

\t\t\t\t\t\t\t\t\tInforma\u00e7\u00f5es sobre o programa <\/svg><\/i>
\n\t\t\t\t\t\t\t\t\tComo compro ou vendo? <\/svg><\/i>
\n\t\t\t\t\t\t\t\t\tPre\u00e7os <\/svg><\/i>
\n\t\t\t\t\t\t\t\t\tOpera\u00e7\u00f5es <\/svg><\/i>
\n\t\t\t\t\t\t\t\t\tComiss\u00f5es <\/svg><\/i>
\n\t\t\t\t\t\t\t\t\tInforma\u00e7\u00f5es sobre o programa <\/svg><\/i><\/p>\n
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a flex?<\/a><\/p>\n

A\u00a0flex<\/strong>\u00a0is an exchange-traded product (in the form of a note) that provides a solution for investment management and distribution. The\u00a0flex<\/strong>\u2019s price is linked to the value of the underlying assets or Portfolio.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho issues the flex?<\/a><\/p>\n

The Issuer of the program is an Irish public limited liability company that has been established as a Special Purpose Vehicles. The principal activity of the Issuer is the issuance of\u00a0flex<\/strong>\u00a0Notes.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does flexfunds do?<\/a><\/p>\n

flexfunds<\/strong>\u00a0partners with asset managers worldwide to provide administration services for exchange traded products.\u00a0flexfunds<\/strong>\u2019 asset securitization program makes structuring of ETPs simple for our customers, including fund accounting and back office services, corporate administration services, and product launch coordination.\u00a0flexfunds<\/strong>\u00a0does not provide investment, legal, accounting or tax advice.\u00a0flexfunds<\/strong>\u00a0is not an investment advisor or a broker dealer.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho can issue a flex?<\/a><\/p>\n

A\u00a0flex<\/strong>\u00a0is issued by the program\u2019s Issuer at the request of an investment advisor, developer or project manager as the named Portfolio Manager. The Portfolio Manager has full control of the investment strategy, though for legal purposes has no issuer-related liability.\u00a0flexfunds<\/strong>\u00a0can arrange a\u00a0flex<\/strong>\u00a0issuance for many kinds of investment professionals, such as registered investment advisors, portfolio managers, broker-dealers, family offices, and other money and asset managers.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to issue a flex?<\/a><\/p>\n

The timing to complete an issuance is around 4 weeks for the flexportfolio and about 6 weeks for the flexfeeder. Issuance timing is dependant on a timely completion of the initial term sheet by the Portfolio Manager.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to issue more notes?<\/a><\/p>\n

It takes about 8 business days to issue an additional tranche on an existing\u00a0flex<\/strong>\u00a0Series.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho manages the strategy behind the flex?<\/a><\/p>\n

The strategy is managed by an appointed Portfolio Manager. The investment strategy is defined on the Issuance documents according to the Portfolio Manager\u2019s direction. Also, the Portfolio Manager may establish the terms for their Management fee, which will be disclosed in the Issuance Documentation.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow can issuing a flex earn an advisor more revenue?<\/a><\/p>\n

Administration costs inherent in managing investment portfolios average just less than one percent of assets under management, exclusive of management fees. By utilizing a\u00a0flex<\/strong>\u00a0as an investment management vehicle the Manager can reduce these administrative costs by as much as forty percent or more with the savings being passed through to the client or retained by the advisor in the form of an increased management fee. In addition, the\u00a0flex<\/strong>\u2019s distribution advantages and efficient administration allow managers to focus on growing their assets under management.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost to establish a flex?<\/a>
\n\t\t\t\t\tThe cost to establish a\u00a0flex<\/strong>\u00a0is very competitive and designed to allow for low risk launch and inexpensive maintenance. Final costs depend upon several factors, including, among other things, the types of underlying assets and the issue size. For information about the costs of establishing a\u00a0flex<\/strong>\u00a0for your investment portfolio or special project please contact our client relations team at\u00a0info@flexfunds.com
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow is portfolio management with a flex superior to an LLC or partnership?<\/a><\/p>\n

For a manager, the\u00a0flex<\/strong>\u00a0Program provides complete administration services by some of the most well-known and top-tier financial institutions in the world, allowing the Manager to concentrate entirely on managing assets and growing the size of their portfolio. Furthermore, Investors in partnerships and limited liability companies are required, in most jurisdictions, to realize capital gains and losses in the year of the transaction. However, when the investor invests in the managed portfolio through a\u00a0flex<\/strong>\u00a0the investor will not realize a taxable event until the note is sold or redeemed.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow is CRS\/FATCA reporting done by the Irish SPVs in the Programme?<\/a><\/p>\n

The Irish SPVs are Reporting Financial Institutions for purposes of CRS\/FATCA, but it reports no \u201creportable accounts\u201d because all holders of the issued notes are reporting financial institutions that have the responsibility for doing the relevant CRS\/FATCA reporting. The Irish SPVs, through their Trustees, make a filing to that effect.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a flex?<\/a><\/p>\n

A\u00a0flex<\/strong>\u00a0is an exchange-traded product (in the form of a note) that provides a solution for investment management and distribution. The\u00a0flex<\/strong>\u2019s price is linked to the value of the underlying assets or Portfolio.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho issues the flex?<\/a><\/p>\n

The Issuer of the program is an Irish public limited liability company that has been established as a Special Purpose Vehicles. The principal activity of the Issuer is the issuance of\u00a0flex<\/strong>\u00a0Notes.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does flexfunds do?<\/a><\/p>\n

flexfunds<\/strong>\u00a0partners with asset managers worldwide to provide administration services for exchange traded products.\u00a0flexfunds<\/strong>\u2019 asset securitization program makes structuring of ETPs simple for our customers, including fund accounting and back office services, corporate administration services, and product launch coordination.\u00a0flexfunds<\/strong>\u00a0does not provide investment, legal, accounting or tax advice.\u00a0flexfunds<\/strong>\u00a0is not an investment advisor or a broker dealer.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho can issue a flex?<\/a><\/p>\n

A\u00a0flex<\/strong>\u00a0is issued by the program\u2019s Issuer at the request of an investment advisor, developer or project manager as the named Portfolio Manager. The Portfolio Manager has full control of the investment strategy, though for legal purposes has no issuer-related liability.\u00a0flexfunds<\/strong>\u00a0can arrange a\u00a0flex<\/strong>\u00a0issuance for many kinds of investment professionals, such as registered investment advisors, portfolio managers, broker-dealers, family offices, and other money and asset managers.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to issue a flex?<\/a><\/p>\n

The timing to complete an issuance is around 4 weeks for the flexportfolio and about 6 weeks for the flexfeeder. Issuance timing is dependant on a timely completion of the initial term sheet by the Portfolio Manager.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to issue more notes?<\/a><\/p>\n

It takes about 8 business days to issue an additional tranche on an existing\u00a0flex<\/strong>\u00a0Series.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho manages the strategy behind the flex?<\/a><\/p>\n

The strategy is managed by an appointed Portfolio Manager. The investment strategy is defined on the Issuance documents according to the Portfolio Manager\u2019s direction. Also, the Portfolio Manager may establish the terms for their Management fee, which will be disclosed in the Issuance Documentation.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow can issuing a flex earn an advisor more revenue?<\/a><\/p>\n

Administration costs inherent in managing investment portfolios average just less than one percent of assets under management, exclusive of management fees. By utilizing a\u00a0flex<\/strong>\u00a0as an investment management vehicle the Manager can reduce these administrative costs by as much as forty percent or more with the savings being passed through to the client or retained by the advisor in the form of an increased management fee. In addition, the\u00a0flex<\/strong>\u2019s distribution advantages and efficient administration allow managers to focus on growing their assets under management.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost to establish a flex?<\/a>
\n\t\t\t\t\tThe cost to establish a\u00a0flex<\/strong>\u00a0is very competitive and designed to allow for low risk launch and inexpensive maintenance. Final costs depend upon several factors, including, among other things, the types of underlying assets and the issue size. For information about the costs of establishing a\u00a0flex<\/strong>\u00a0for your investment portfolio or special project please contact our client relations team at\u00a0info@flexfunds.com
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow is portfolio management with a flex superior to an LLC or partnership?<\/a><\/p>\n

For a manager, the\u00a0flex<\/strong>\u00a0Program provides complete administration services by some of the most well-known and top-tier financial institutions in the world, allowing the Manager to concentrate entirely on managing assets and growing the size of their portfolio. Furthermore, Investors in partnerships and limited liability companies are required, in most jurisdictions, to realize capital gains and losses in the year of the transaction. However, when the investor invests in the managed portfolio through a\u00a0flex<\/strong>\u00a0the investor will not realize a taxable event until the note is sold or redeemed.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow is CRS\/FATCA reporting done by the Irish SPVs in the Programme?<\/a><\/p>\n

The Irish SPVs are Reporting Financial Institutions for purposes of CRS\/FATCA, but it reports no \u201creportable accounts\u201d because all holders of the issued notes are reporting financial institutions that have the responsibility for doing the relevant CRS\/FATCA reporting. The Irish SPVs, through their Trustees, make a filing to that effect.<\/p>\n<\/section>\n

\t\t\t\t\t\t\t\t\tComo compro ou vendo? <\/svg><\/i><\/p>\n\n\n\n<\/svg>
\n<\/i>Disclaimer:\u00a0<\/b>Investors should contact their investment advisors. The notes may be subject to selling restrictions in several jurisdictions. In the United States, the notes fall under Regulation S and cannot be purchased by U.S. persons. Some restrictions apply to investors in the European Union in accordance with the prospectus directive regulation. Institutional investors can also buy and sell in the primary market via GWM Ltd.
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow can investors buy a flex?<\/a><\/p>\n

All\u00a0flex<\/strong>\u00a0are registered with Euroclear or Clearstream and are assigned a unique ISIN\/CUSIP number, permitting the investors to purchase the note directly through their existing brokerage account.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhere is the flex listed and who clears it?<\/a><\/p>\n

flex<\/strong>\u00a0series are listed in the Vienna Stock Exchange and it is cleared through Euroclear.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat are the common Custody Platforms to operate the strategy of a FlexPortfolio?<\/a><\/p>\n

For the FlexPortfolio, the Custody Accounts can be opened in Interactive Brokers and Bank of New York Mellon. Portfolio Managers can invest directly through these platforms.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho can purchase a flex?<\/a><\/p>\n

flex<\/strong>\u00a0Notes may be subject to selling restrictions in several jurisdictions. In the United States, the notes fall under Regulation S and cannot be purchased by U.S. persons. Some restrictions apply to investors in the European Union in accordance with the prospectus directive regulation.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tIs a flex a Regulation S security, what does this mean?<\/a><\/p>\n

flex<\/strong>\u00a0has been designed for non-U.S. investors. In the United States, it is considered a Reg S security and therefore are subject special restrictions. We recommend you consult with your legal counsel regarding the Reg S restrictions and always before making any investment decisions.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhy would a U.S. advisor issue a flex for a non-US investors?<\/a><\/p>\n

flexs are listed with a registered depository such as Euroclear or Clearstream, therefore, a note can be purchased by non-U.S. investors worldwide, significantly easing the flow of foreign capital into U.S. projects; meaning foreign investors can invest in a U.S. project or a U.S. money manager\u2019s strategy quickly and directly through their existing brokerage account.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tAre the flex Notes transferable?<\/a><\/p>\n

Once issued, the notes can be transferred between investors. Investors should be aware of any selling restrictions applicable in their jurisdiction.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the minimum investment in a flex?<\/a><\/p>\n

The minimum investment varies depending on the residence of the investor. In most Central and South American countries there is no regulatory minimum, but the advisor for whom a note is issued may establish their own minimums. Investors within the European Union might be required to invest a minimum of one-hundred thousand Euros. Other requirements may be present for specific jurisdictions, please contact us for more information on\u00a0flex<\/strong>\u00a0requirements and restrictions.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tIs there a secondary market?<\/a><\/p>\n

There is no secondary market available for\u00a0flex<\/strong>\u00a0Notes, the participations may be issued and redeemed or existing notes may be transferred from one investor to another.<\/p>\n<\/section>\n

\t\t\t\t\t\t\t\t\tPre\u00e7os <\/svg><\/i><\/p>\n
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tIs there a NAV calculation?<\/a><\/p>\n

The NAV is calculated on a regular basis (monthly\/weekly) in accordance to the composition of the Portfolio. The NAV is published in Bloomberg as well as distributed to the investors\u2019 brokerage accounts.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho is the Calculation Agent?<\/a><\/p>\n

The Calculation Agent is\u00a0flexfunds<\/strong>\u00a0ETP, LLC.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWill the investors see the flex on their brokerage account statement?<\/a><\/p>\n

Yes, investors who purchase a\u00a0flex<\/strong>\u00a0through their brokerage account will see the security price reflected on their brokerage account statement on a regular basis.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat value will investors see on their brokerage account statement?<\/a><\/p>\n

The value of a\u00a0flex<\/strong>\u00a0seen on a brokerage account statement will depend upon the composition of the portfolio; a portfolio consisting solely of market-priced securities will reflect the NAV (Net Asset Value) of the\u00a0flex<\/strong>\u2019s underlying securities minus operating expenses and fees, while a portfolio consisting of non-marketable securities or other assets may be reflected at cost.<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\tIs the price distributed to the investors?<\/a><\/p>\n

Yes. The price of the\u00a0flex<\/strong>\u00a0(NAV) is distributed to the investor\u2019s account through\u00a0flexfunds<\/strong>\u2019 price dissemination partners: Thomson Reuters, Bloomberg and Six Financial, on a pre-established regular basis.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tDoes a flex have a Bloomberg page?<\/a><\/p>\n

Each\u00a0flex<\/strong>\u00a0Series will have a unique ISIN number and Bloomberg page.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow can I find the NAV of a flex?<\/a><\/p>\n

NAV can be found using its unique ISIN number on each pricing platform (Bloomberg, Refinitiv, Vienna Stock Exchange, Six Financial “Telekurs” and the Issuers’ websites.). Please use this document to guide you through each platform.<\/a><\/p>\n<\/section>\n

\t\t\t\t\t\t\t\t\tOpera\u00e7\u00f5es <\/svg><\/i><\/p>\n
\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the minimum amount required to issue a flex?<\/a>
\n\t\t\t\t\tA Manager can arrange for the origination of a\u00a0flex<\/strong>\u00a0with as little as a few millions in assets under management. Please contact our client relations team at\u00a0info@flexfunds.com\u00a0to find out more about what is required to issue a\u00a0flex<\/strong>.
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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhat can an advisor\/manager charge to manage the underlying assets of the flex?<\/a><\/p>\n

The appointed Portfolio Manager will establish the terms for their management fee in the Series Documentation, the fee is deducted periodically from the Portfolio. Managers may also charge performance fees (i.e., 2\/20 structure). In essence, the\u00a0flex<\/strong>\u00a0program allows for the fee arrangement that best suits the Portfolio Manager and its clients.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWho can be a Portfolio Manager?<\/a><\/p>\n

The Portfolio Manager can be a regulated entity in its specific jurisdiction. This entity is designated when the series is created and will abide by the determined strategy in the portfolio management agreement.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tHow does the Portfolio Manager get paid?<\/a><\/p>\n

The Portfolio Manager gets paid directly by the paying agent from the assets held within the note\u2019s underlying account.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tDoes a flex have custom (white-label) names?<\/a><\/p>\n

The name of the\u00a0flex<\/strong>\u00a0Series will be custom for each Series. However, some Custody Platforms will show the name of the Issuer in combination with the assigned name.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tAre the flex series open end or close end?<\/a><\/p>\n

The\u00a0flex<\/strong>\u00a0series are open by default, they allow for additional increases over the life of such Series. However, a Manager may choose to create a closed Series.<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\tWhat type of underlying assets can be invested in?<\/a>
\n\t\t\t\t\tA\u00a0flex<\/strong>\u00a0offers great flexibility in the type of allowed underlying assets. The strategy can invest in either listed or unlisted securities and assets. Furthermore, underlying assets can originate from different countries (with some restrictions).
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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tWhen does a flex Mature?<\/a>
\n\t\t\t\t\tA\u00a0flex<\/strong>\u00a0can mature in 2 to 30 years, and the maturity can be extended indefinitely. The Notes can be called or redeemed pursuant to the terms set forth in the issuing documentation; the advisor has significant flexibility with respect to the terms of the\u00a0flex<\/strong>\u00a0Series issued on their behalf.
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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tIs a flex required to make interest payments?<\/a><\/p>\n

No, a\u00a0flex<\/strong>\u00a0is not required to make interest payments at any certain rate or at any specific times, unless set forth in the prospectus and issuing documentation. The distribution of gains, losses and earned interest is determined by the advisor as are the procedures and valuation methods to be applied for early redemptions, liquidations, and at the\u00a0flex<\/strong>\u00a0maturity.<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/path><\/svg>
\n\t\t\t\t\t\t\t\t\t\t\t\tDoes the flex have a Subscription Agreement or PPM?<\/a><\/p>\n

No, the\u00a0flex<\/strong>\u00a0Notes are Exchange Traded Products which are purchased directly from the investor\u2019s brokerage account. There is however a Series Memorandum, which specifies the Conditions of the Notes (terms of investment) as well as identifying Risks and providing information on the transaction Parties and the Series Assets.<\/p>\n<\/section>\n

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\nDisclaimer: <\/b>These commissions only apply for funds that will operate on Interactive Brokers.
\n\t\t\t\t\t\t\t\t\tStocks
\n\t\t\t\t\t\t\t\t\tStock & Index Options
\n\t\t\t\t\t\t\t\t\tFutures, SSFs
\n\t\t\t\t\t\t\t\t\tFutures Options
\n\t\t\t\t\t\t\t\t\tFX
\n\t\t\t\t\t\t\t\t\tFixed Income
\n\t\t\t\t\t\t\t\t\tInterest
\n\t\t\t\t\t\t\t\t\tStocks
\n\t\t\t\t\t\t\t\t\tStock & Index Options
\n\t\t\t\t\t\t\t\t\tFutures, SSFs
\n\t\t\t\t\t\t\t\t\tFutures Options
\n\t\t\t\t\t\t\t\t\tFX
\n\t\t\t\t\t\t\t\t\tFixed Income
\n\t\t\t\t\t\t\t\t\tInterest<\/p>\n