Every investment fund consists of one or multiple share classes, each of which has a separate ISIN.
The share class with regular (at least annual) disbursements is usually labelled with (A) in Austria. The amount of the disbursement is determined separately each year by the investment firm that manages the fund. The lower limit for the disbursement is set by law, namely at least the incurred capital gains tax (KESt) must be disbursed. Any disbursement above this amount is made at the discretion of the KAG, and disbursements can also be made from the fund’s capital.
It is important to note that the disbursement is always made from the fund assets and reduces these assets – and the calculated value of the fund – by the same amount.