A fund can consist of different classes. Each class is reserved for a different group of investors. For example, there are funds that have different classes for retail investors and institutional investors.
We have successfully campaigned for you
Thanks to our initiative, from 1 June 2021 we will now be the first 3a pension foundation to be able to invest in the Credit Suisse Index Fund classes, which also reclaim withholding taxes on securities in Japan. Previously, these fund classes were reserved for second pillar pension funds.
However, the descriptions of the previous and the new fund classes are not entirely logical in this respect. But see for yourself:
|Fonds||Previously Fund class (not exempt from withholding tax)||New as of June 1, 2021 Fund class (withholding tax free)|
|CSIF (CH) I Equity Japan Blue||Plus ZB||Pension Fund ZB|
|CSIF (CH) I Equity Japan Blue||Plus ZBH||Pension Fund ZBH|
|CSIF (CH) III Equity World ex CH Blue||Pension Fund ZB||Pension Fund Plus ZB|
|CSIF (CH) III Equity World ex CH Blue||Pension Fund ZBH||Pension Fund Plus ZBH|
|CSIF (CH) Equity World ex CH ESG Blue||ZB||Pension Fund Plus ZB|
|CSIF (CH) Equity World ex CH ESG Blue||ZBH||Pension Fund Plus ZBH|
Change to Japan withholding tax exempt classes as of 1 June 2021
Read on to find out how avoiding withholding tax pays off.
What the other descriptions mean
While we’re at it, let us show you what other relevant descriptions used by CS in the fund name mean:
– CSIF: Credit Suisse Index Fund
– (CH): Fund domicile Switzerland
– Blue: The designation “Blue” means that the fund does not lend the securities held (no securities lending)
– Z: Zero fee class (TER is generally 0.00 %)
– H: Currency risks are hedged against Swiss francs