Business partners

Disclosure of business partners in connection with investment advisory services

We must inform you about all forms of consideration, including commission, which we receive from or pay to our business partners.

No Jyske Bank employee receives commission or bonus from Jyske Bank or from any of our business partners.

Below you can see what we pay to our business partners and what we receive from our business partners.

Business partner	Up-front-fee	Sales Commission
Payable to Jyske Bank:
Altraplan	-	up to 0.75% p.a.
Axeltis ***)	-	-
Deutsche Bank	-	0.25 - 10%
Fidelity *)	-	-
Franklin Templeton International Services S.A.		0.45 - 1.00%
JP Morgan	-	0.25 - 10%
Jyske Invest International **)	-	-
Royal Bank of Scotland	-	1.00%
Schroder Investment Management (Luxemborg) S.A.	-	0.20-1.00%
UBS Limited	-	0.25 - 10%
Valor Life	-	0.40%

*) JBPB receives up to 40% of the yearly management fee from Fidelity.

**) Where, under an agreement with Jyske Invest International, Jyske Bank makes its branches, units and employees available for distribution of Jyske Invest International mutual fund units, Jyske Bank may receive commission from Jyske Invest International. If commission is received, this will appear from the relevant prospectus. Read more at jyskeinvest.com.

***) Via Axeltis Jyske Bank receives an annual holding fee of up to 1,00 % on fund units from the following providers:
 

• Aberdeen International
• Allianz Global Investors France SA 
• Banque D'Orsay 
• Baring France 
• Blackrock (Channel Islands) Limited 
• Carlson Fund Management Company S.A. 
• Carmignac Gestion
• CCR-Gestion 
• Credit Agricole Asset Management (CAAM)

• Dexia Asset Management Luxembourg SA

• DWS Investment GmbH
• Edmonds de Rothschild Asset Management 
• First State Investments (UK) Limited 
• Henderson Global Investors Limited 
• Invesco Asset Management S.A. 
• M&G Securities Limited

• Morgan Stanley Investment

• Oyster Asset Management 
• Pictet Funds S.A. 
• Pioneer Global Investments Limited 
• Raiffeisen International Fund Advisory GmbH 
• Richelieu Finance Geston Privée 
• Robeco Gestions 
• S.A. Comgest 
• Societe Generale Asset Management 
• Sparinvest S.A. 
• State Street Global Advisors France 

• Union Bancaire Privee

• Vontobel Europe S.A.

You are welcome to contact us if you would like more details about one or more of the above-mentioned business partners.