When are the advisory fees calculated?

As soon as the annual tax certificate and the income statement for the previous year have been made available to you, you will find them in your personal mailbox. To do so, filter the period with the status "available" to the date from December of last year until today. You will then find the documents issued with the date 31.12. in the results overview, as we provide these to our customers with a retroactive date.

‍

We automatically place the tax certificate for the previous year in your online mailbox as a document.

Capital income is distributed to the ETFs in which we have invested your money in the form of dividends for equities and interest for bonds. In the case of an accumulating ETF, the ETF reinvests the money directly back into its securities holdings. The income then benefits you in the form of price increases in the ETF. Some of our ETFs, on the other hand, distribute income to your quirion strategy account. quirion then automatically reinvests this liquidity in a targeted way into the underweighted securities in your strategy (rebalancing).

Regardless of the distribution intervals, you can withdraw money from your account at any time free of charge.
Since we invest in the entire global equity market, the dividend yield of your strategy is comparable to that of the MSCI World Index. The specific figure fluctuates with the economic cycle and the ups and downs of the stock markets.

‍

With quirion, you entrust the management of your invested money to the quirion asset managers, so that you have time for other things and don't have to deal with new market developments and investment decisions on a daily basis.

The quirion team consists of experienced asset managers, financial analysts and economists who work every day to ensure the success of the investment strategies on offer.

The team monitors the weighting of the individual securities and their composition in your portfolio and adjusts them to current market conditions, so that your individual risk and return expectations are always met.

‍

The Total Expense Ratio (TER) covers the costs charged to an investment fund by the fund company over the course of a financial year.

These costs are charged automatically by the fund company and are already included in the fund's unit prices. The total expense ratio of the ETFs we use averages around 0.17 percent per year (for example, 17 euros per year on an investment amount of 10,000 euros).

The actual costs usually deviate somewhat from the TER: for example, the fund also incurs trading costs when it changes its composition. However, the fund can also generate additional income through securities lending. When making its selection, the quirion investment team pays close attention to these actual costs and chooses only cost-efficient products for you.

‍

The original composition of your portfolio keeps shifting because the market is constantly changing. Rebalancing corrects these shifts. In the process, the portfolio is realigned to the initial asset allocation. It also prevents, for example, a particular region such as Europe or the small-cap equities asset class from taking on a comparable overweight within the equities.

This takes place at least once a year. In addition, rebalancings always occur whenever the percentage shares of equities or bonds in the overall portfolio that you have defined are exceeded or fallen short of by 10 percent (if the share of equities or bonds in your portfolio is very small, limits of 15 or 20 percent apply).

‍