{"id":309,"date":"2023-05-10T10:47:46","date_gmt":"2023-05-10T10:47:46","guid":{"rendered":"https:\/\/baldz89.myraidbox.de\/?page_id=309"},"modified":"2026-09-09T07:00:41","modified_gmt":"2026-09-09T07:00:41","slug":"microfinance-fund","status":"publish","type":"page","link":"https:\/\/www.investinvisions.com\/en\/investmentfonds-impact-investing\/microfinance-fund\/","title":{"rendered":"IIV Mikrofinanzfonds"},"content":{"rendered":"\n<div id=\"tabs-block_51aae05098e37f45b6b354bd74945a88\" class=\"container-fluid block tabs\">\n\t<div class=\"row d-flex\">\n\t\t<div class=\"offset-xl-2 col-12 col-xl-5 p-content sunken-headline\">\n\t\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Germany&#039;s first public microfinance fund<\/small><\/p>\n\t\t\t<p class=\"h2 mb-5\">IIV Mikrofinanzfonds<\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"row d-flex align-items-center\">\n\t\t<div class=\"col-12 col-lg-3 offset-lg-2\">\n\t\t\t<div class=\"nav flex-column nav-pills me-3\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t<button class=\"nav-link rainbow-link active px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab1\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab1-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab1-content\">General Information <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab2\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab2-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab2-content\">Monthly Report (Factsheet) <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab3\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab3-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab3-content\">Key Information Document <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab4\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab4-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab4-content\">Legal Documents <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab5\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab5-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab5-content\">Order Calendar <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab6\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab6-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab6-content\">Sustainability Characteristics <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab7\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab7-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab7-content\">Marketing Materials <\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab8\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab8-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab8-content\">Invest now<\/button><button class=\"nav-link rainbow-link  px-0 me-auto\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab9\" data-bs-toggle=\"pill\" data-bs-target=\"#tabs-block_51aae05098e37f45b6b354bd74945a88-tab9-content\" type=\"button\" role=\"tab\" aria-controls=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab9-content\">Distribution<\/button>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"col-12 col-lg-7 bg-lightblue\">\n\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-12 col-lg-10\">\n\t\t\t\t\t<div class=\"tab-content  p-5\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tabContent\">\n\t\t\t\t\t\t<div class=\"tab-pane fade show active\" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab1-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab1\"><p>The IIV Mikrofinanzfonds offers you the opportunity to make a social impact while earning a return that is detached from the stock and bond markets.<\/p>\n<p>Since its launch in 2011, the fund has achieved a positive annualized return. With the help of your investment, you make a comprehensive contribution to the <a href=\"https:\/\/sdgs.un.org\/goals\">Sustainable Development Goals of the United Nations<\/a> &#8211; primarily to goals 1, 5, 8 and 10.<\/p>\n<\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab2-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab2\"><p>In our monthly reports you will find comprehensive information on the investment strategy, performance data, social return and other relevant key figures.<\/p>\n<p>In the class R no minimum investment is required, while the minimum investment amount in the class I is EUR 30.000. Both tranches are open to private investors.<\/p>\n<p>Do you need the monthly reports in English? Please feel free to contact our <a href=\"mailto:businessdevelopment@investinvisions.com\">Business Development Team.<\/a><\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondsapi.hansainvest.com\/api\/fund\/DE000A1H44T1\/document\/fsprivat\/de\/de\" target=\"_blank\">Class R (in German)<\/a><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondsapi.hansainvest.com\/api\/fund\/DE000A1H44S3\/document\/fsinstitutionell\/de\/de\" target=\"_blank\">Class I (in German)<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab3-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab3\"><p>Find all the necessary information regarding product type, risk, return and costs in the key information document, allowing you to quickly and easily compare this information with that of other products. All documents are only available in German.<\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondsapi.hansainvest.com\/api\/fund\/DE000A1H44T1\/document\/priips\/de\/de\" target=\"_blank\">Class R<\/a><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondsapi.hansainvest.com\/api\/fund\/DE000A1H44S3\/document\/priips\/de\/de\" target=\"_blank\">Class I<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab4-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab4\"><p>The prospectus, together with the latest available annual report or semi-annual report, is the legally binding basis for the purchase and sale of units of the IIV Mikrofinanzfonds. All documents are only available in German.<\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondswelt.hansainvest.com\/uploads\/documents\/verkaufsprospekt\/VKP_IIV_Mikrofinanzfonds_16_04_2026.pdf\" target=\"_blank\">Prospectus<\/a><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondsapi.hansainvest.com\/api\/fund\/DE000A1H44S3\/document\/jb\/de\/de\" target=\"_blank\">Annual Report<\/a><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/fondswelt.hansainvest.com\/uploads\/documents\/halbjahresbericht\/HJB-IIV_Solar_Electrification_Debt_ELTIF_09_2025.pdf\" target=\"_blank\">Semi-Annual Report<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab5-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab5\"><p>Fund units can be purchased monthly and sold quarterly. Buy orders must be submitted to the fund custodian via the bank or fund platform by the 20th of each month. Sell orders must be submitted by the 20th of the preceding month of each quarter end (e.g., February 20 for sales on March 31).<\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/www.investinvisions.com\/wp-content\/uploads\/IIV-Mikrofinanzfonds-Orderkalender-2026.pdf\" target=\"_blank\">Order Calendar 2026 (in German)<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab6-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab6\"><p>The IIV Mikrofinanzfonds is classified as a sustainable financial product within the meaning of Article 9 of the EU Sustainable Finance Disclosure Regulation (<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/HTML\/?uri=CELEX:02019R2088-20240109\">SFDR<\/a>).<\/p>\n<p>An essential part of the fund&#8217;s investment strategy is the pursuit of a social objective in the form of combating economic and social inequality and promoting social and economic inclusion.<\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/www.investinvisions.com\/en\/investmentfonds-impact-investing\/sustainability-related-disclosure\/\" target=\"_blank\">Learn more<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab7-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab7\"><p>Do you need individual sales documents?<br \/>\nThen please feel free to contact our <a href=\"mailto:businessdevelopment@investinvisions.com\">Business Development Team.<\/a><\/p>\n<\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab8-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab8\"><p>The IIV Mikrofinanzfonds is a public AIF and therefore available at any bank, savings bank, direct bank, fund platform or your investment advisor and asset manager. You need a securities account for this.<\/p>\n<div class=\"d-flex flex-wrap gap-2 justify-content-between\"><a class=\"btn btn-outline-secondary flex-fill\" href=\"https:\/\/www.investinvisions.com\/en\/invest-now\/\" target=\"_blank\">Acquiring and selling shares<\/a><\/div><\/div><div class=\"tab-pane fade \" id=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab9-content\" role=\"tabpanel\" aria-labelledby=\"tabs-block_51aae05098e37f45b6b354bd74945a88-tab9\"><p>The <strong>distribution<\/strong> of the IIV Mikrofinanzfonds (financial year 01.10.2024 &#8211; 30.09.2025) was on 31 October 2025. The following distributions were made in the share classes:<\/p>\n<p><b><strong>Class R (WKN A1H44T): EUR 1.28 per share<br \/>\n<\/strong><\/b><b><strong>Class I (WKN A1H44S): EUR 17.98 per share<\/strong><\/b><\/p>\n<\/div>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<div id=\"spacer-block_3ba26e744eef45d96454f1a4610c1f4b\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row d-flex align-items-center text-with-image-1-3\" id=\" text-with-image-1-3-block_1e88de319a5323b4683e6249afc9e635\">\t<div class=\"order-lg-2 ps-lg-3 col-12 col-lg-8 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Awarded the FNG-Label 2026<\/small><\/p>\n\t\t<p class=\"h2 mb-5\">IIV Mikrofinanzfonds awarded with FNG-Label<\/p>\n\t\t<div class=\"mb-5\"><p>The IIV Mikrofinanzfonds, which is currently the only microfinance fund with the FNG label, receives two out of three stars for the second consecutive year for a particularly demanding and comprehensive sustainability strategy. The IIV Mikrofinanzfonds impresses with a solid and transparent sustainability analysis, comprehensive exclusion criteria that go beyond the FNG minimum requirements, and a close, continuous exchange with microfinance institutions. The fund is classified under Article 9 of the Regulation on Sustainability-Related Disclosures in the Financial Services Sector (SFDR).<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-1 ps-lg-0 col-12 col-lg-4\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/fng-en-2026.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row d-flex align-items-center text-with-image\" id=\" text-with-image-block_48e7ab31be669c8d3bf836cfd94e563c\">\t<div class=\"order-lg-1 pe-lg-3 col-12 col-lg-6 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Positive cycle of money<\/small><\/p>\n\t\t<p class=\"h2 mb-5\">How does the IIV Mikrofinanzfonds work?<\/p>\n\t\t<div class=\"mb-5\"><p>The IIV Mikrofinanzfonds uses the money invested by investors to acquire unsecuritized loan receivables from microfinance institutions in developing and emerging countries. Microfinance institutions are selected according to strict financial and social criteria, predominantly from the group of established Non-Banking Financial Institutions (NBFI) and cooperative banks.<\/p>\n<p>The microfinance institutions in turn lend the capital raised to low-income people who want to improve their standard of living through entrepreneurial activity or need to bridge financial bottlenecks.<\/p>\n<p>Typical micro-borrowers are, for example, green grocers, tailors, livestock farmers and craftsmen. They thus have the money to buy seeds, tools, materials or other raw materials. It also helps them to bridge periods of financial difficulties, such as during periods of drought, after floods and other natural hazards. The average loan amount per sub-borrower is currently USD 1,234 (as of March 31, 2026).<\/p>\n<p>After an average of nine to twelve months, the borrowers have repaid their microloan. The microfinance institutions repay their loans, including interest payments, to the IIV Mikrofinanzfonds, and the investors receive a steady return through the fund units.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-2 pe-lg-0 col-12 col-lg-6 mt-3 mt-lg-0 p-0\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01-800x533.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01-760x500.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01-800x533.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/08\/POSITIVE-CYCLE-OF-MONEY-02-01.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n\n<div id=\"spacer-block_78c995193af07c8bdefabc017b2a793b\" class=\"spacer spacer-M\"><\/div>\n\n\n\n<div id=\"video-block_b0c20d0f2a9e8a47f0faa7e5da0d97b0\" class=\"container-fluid video position-relative\">\n\t<div class=\"container-lg\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col\">\n\t\t\t\t<div class=\"video-poster\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erklarvideo_englisch.png\"\/>\n\t\t\t\t\t<div class=\"video-play-button\">\n\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path fill=\"#fff\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"\/><\/svg>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"modal fade\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t<div class=\"modal-dialog modal-fullscreen\">\n\t\t\t\t\t\t<div class=\"modal-content\">\n\t\t\t\t\t\t\t<div class=\"modal-header\">\n\t\t\t\t\t\t\t\t<button type=\"button\" class=\"btn-close\" data-bs-dismiss=\"modal\" aria-label=\"Close\"><\/button>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"modal-body\">\n\t\t\t\t\t\t\t\t<video width=\"0\" height=\"0\" poster=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erklarvideo_englisch.png\" preload=\"none\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<source src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/09\/Erklarvideo_engl-Untertitel-1.mp4\" type=\"video\/mp4\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/video>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<script>\n\t\t\t\t\t((block) => {\n\t\t\t\t\t\tconst video = block.querySelector( 'video' );\n\t\t\t\t\t\tconst videoPoster = block.querySelector( '.video-poster' );\n\t\t\t\t\t\tconst videoModal = block.querySelector( '.modal' );\n\n\t\t\t\t\t\tvideoPoster.addEventListener('click', () => {\n\t\t\t\t\t\t\tnew window.bootstrap.Modal( videoModal ).show();\n\n\t\t\t\t\t\t\tvideo.controls = true;\n\t\t\t\t\t\t\tvideo.play();\n\t\t\t\t\t\t});\n\n\t\t\t\t\t\tvideoModal.addEventListener('hidden.bs.modal', function (event) {\n\t\t\t\t\t\t\tvideo.pause();\n\t\t\t\t\t\t\tvideo.currentTime = 0;\n\t\t\t\t\t\t});\n\t\t\t\t\t})(document.querySelector('#video-block_b0c20d0f2a9e8a47f0faa7e5da0d97b0'));\n\t\t\t\t<\/script>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"row text\" id=\"text-block_91ae967909ad4303e4e46f02665ee441\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">The social impact<\/small><\/p><p class=\"h2 mb-5\">Where does your money go?<\/p>\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>We include the intended impact of each potential investment in our investment decision process for the investment funds we manage and then manage it. In doing so, we fulfill our commitment as a signatory to the <a href=\"https:\/\/www.investinvisions.com\/en\/impact-esg\/operating-principles-for-impact-management-opim\/\" target=\"_blank\" rel=\"noopener\">Operating Principles for Impact Management (OPIM).<\/a> Our statement on the OPIM can be found <a href=\"https:\/\/www.investinvisions.com\/wp-content\/uploads\/2024\/04\/OPIM_Disclosure-statement-Invest-in-Visions-2024_Final.pdf\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p>\n<p>After the investment decision, we measure the social reach of the portfolio and present this in various publications. These include, in particular, the monthly reports and the annual Impact Report.<\/p>\n<p>In our annual <a href=\"https:\/\/www.investinvisions.com\/en\/blog\/impact-report\/impact-report-2024\/\" target=\"_blank\" rel=\"noopener\">Impact Report<\/a>, we report in detail on the impact achieved in the microfinance sector with the money entrusted to us within the previous year.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_8c65673af7cb3eb4786a7221d3c99716\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t<p class=\"h2 mb-5\">Impact Measurement &#8211; Social Reach<\/p>\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>The investments of the IIV Mikrofinanzfonds aim to have a sustainable impact. A direct impact channel of our investments is the refinancing of microfinance institutions in developing and emerging countries through the acquisition of non-securitised loan receivables. This gives people in these countries access to financial services. Additional indirect impact channels are enabling the implementation of business ideas and thus greater independence, as well as the promotion of women and entrepreneurship. We would like to give investors a clear insight into the social impact of their investments with the indicators below. The following data refer to March 31, 2026; the data on group and individual loans are as of December 31, 2025.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n<div class=\"row d-flex align-items-center text-with-image-1-3\" id=\" text-with-image-1-3-block_15c4250fd7bedebc7d29827d74922014\">\t<div class=\"order-lg-2 ps-lg-3 col-12 col-lg-8 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Supported Activities<\/small><\/p>\n\t\t<p class=\"h2 mb-5\"><\/p>\n\t\t<div class=\"mb-5\"><p>By investing in different areas, the fund makes an important contribution to strengthening communities economically and improving the living conditions of people in developing and emerging countries. We divide the areas into four segments: Services, Agriculture, Commercial and Other. Under &#8220;Other&#8221; money is made available to the final borrowers for necessary social expenses and other areas such as housing or education.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-1 ps-lg-0 col-12 col-lg-4\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1-760x500.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1-760x500.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/1-760x500.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n<div class=\"row d-flex align-items-center text-with-image-1-3\" id=\" text-with-image-1-3-block_6ce5ad28d4bcb86700d7deb659575ba6\">\t<div class=\"order-lg-2 ps-lg-3 col-12 col-lg-8 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Percentage women \/ men<\/small><\/p>\n\t\t<p class=\"h2 mb-5\"><\/p>\n\t\t<div class=\"mb-5\"><p>We firmly believe that women play a crucial role in economic development and have an immense impact on their communities. It is therefore our aim to promote the position of women (<a href=\"https:\/\/www.bmz.de\/de\/agenda-2030\/sdg-5\" target=\"_blank\" rel=\"noopener\">SDG 5: Gender Equality<\/a>). The majority of the microcredits from the microfinance institutes we refinanced go to women to enable them to become self-employed.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-1 ps-lg-0 col-12 col-lg-4\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2-203.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n<div class=\"row d-flex align-items-center text-with-image-1-3\" id=\" text-with-image-1-3-block_e0da932c15e739df3c95d91f8ff74f6a\">\t<div class=\"order-lg-2 ps-lg-3 col-12 col-lg-8 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Type of Loans<\/small><\/p>\n\t\t<p class=\"h2 mb-5\"><\/p>\n\t\t<div class=\"mb-5\"><p>Even if group loans dominate and make sense in some contexts, most microloans today are granted to individuals. Many people do not want to be responsible for others. Another reason is the penetration of microfinance into urban and peri-urban areas, where social cohesion is generally not as strong as in rural areas. Scientific studies now suggest that the probability of repayment for group loans is not generally higher than for individual loans.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-1 ps-lg-0 col-12 col-lg-4\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/3-127.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n<div class=\"row d-flex align-items-center text-with-image-1-3\" id=\" text-with-image-1-3-block_bde5e209dc6aede90745a5e8cdae321a\">\t<div class=\"order-lg-2 ps-lg-3 col-12 col-lg-8 p-content\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">Distribution City \/ Country<\/small><\/p>\n\t\t<p class=\"h2 mb-5\"><\/p>\n\t\t<div class=\"mb-5\"><p>In the rural regions of the countries in which the IIV Mikrofinanzfonds invests, poverty is usually structurally anchored. Many therefore move to the cities to find work and a living. Their situation is often hardly better there. We want to support people in both places &#8211; in the country and in the city.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<div class=\"order-lg-1 ps-lg-0 col-12 col-lg-4\">\n\t\t\t\t\t\t\t\t<img\n\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4-760x500.png\"\n\t\t\t\tdata-srcset=\"\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4-260x173.png 300w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4-450x300.png 450w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4.png 760w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4-760x500.png 800w,\n\t\t\thttps:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/4-760x500.png 1400w,\n\t\t\t\" class=\"lazyload w-100\" \/>\n\t\t\t\t\t\t<\/div>\n<\/div>\n\n<div class=\"row text\" id=\"text-block_6f4beec81b40a6c0e12971fe0cc1b5a7\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>Most of the selected microfinance institutions not only provide the borrowers with capital and financial services, but also support them within the framework of further training measures, among other things. Advisors with expertise and local staff support us in the selection of microfinance institutions.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"spacer-block_cc31ea173c5c28040474a3c25daca96e\" class=\"spacer spacer-M\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_04f760f9dd14be549885c1e9213c18c2\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">More than just capital supply<\/small><\/p><p class=\"h2 mb-5\">Success often needs only a little stimulation <\/p>\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>As of August 31, 2026, the IIV Mikrofinanzfonds had invested in 86 microfinance institutions in 33 countries. The fund thus currently provides <strong>469.000<\/strong> (as of March 31, 2026) economically active people with access to financial services, paving the way for them to become entrepreneurs.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"bg-lightblue block container-fluid pb-5 ps-5 ps-lg-3 pe-lg-3 pe-5 target-regions\" id=\"target-regions-block_9fe1c4fd5968d6d145184c38837bc917\">\n\t<div class=\"row border-top-rainbow pt-5\">\n\t\t<div class=\"col-12 col-lg-8 offset-lg-2\">\n\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-12 mb-3 col-lg-5\">\n\t\t\t\t\t<p class=\"caption text-uppercase\"><small>&#8211; All figures refer to August 31, 2026<\/small><\/p>\n\t\t\t\t\t<p class=\"h5\">Regional distribution of investment<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"col-12 col-lg-7\">\n\t\t\t\t\t<div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">CENTRAL ASIA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"23.6\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 100%\"><\/div><\/div><\/div><div class=\"col-1\">23,6&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">CAUCASUS<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"14.5\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 61.440677966102%\"><\/div><\/div><\/div><div class=\"col-1\">14,5&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">SOUTH AMERICA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"14.3\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 60.593220338983%\"><\/div><\/div><\/div><div class=\"col-1\">14,3&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">SOUTH ASIA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"12.0\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 50.847457627119%\"><\/div><\/div><\/div><div class=\"col-1\">12,0&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">EAST ASIA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"11.5\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 48.728813559322%\"><\/div><\/div><\/div><div class=\"col-1\">11,5&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">EASTERN EUROPE<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"10.9\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 46.186440677966%\"><\/div><\/div><\/div><div class=\"col-1\">10,9&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">CENTRAL AMERICA &amp; CARIBBEAN<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"5.9\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 25%\"><\/div><\/div><\/div><div class=\"col-1\">5,9&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">SOUTHEAST ASIA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"5.2\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 22.033898305085%\"><\/div><\/div><\/div><div class=\"col-1\">5,2&nbsp;%<\/div><\/div><div class=\"row mb-2\"><div class=\"col-4 text-end text-uppercase\">SUB-SAHARAN AFRICA<\/div> <div class=\"col align-self-center\"><div class=\"progress\" role=\"progressbar\" aria-valuenow=\"2.1\" aria-valuemin=\"0\" aria-valuemax=\"23.6\"><div class=\"progress-bar\" style=\"width: 8.8983050847458%\"><\/div><\/div><\/div><div class=\"col-1\">2,1&nbsp;%<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"bg-lightblue block container-fluid pt-5 pb-5 ps-5 ps-lg-3 pe-lg-3 pe-5 fund\" id=\"fund-block_a050833da813bd9e5555f731b670fd05\">\n\t<div class=\"row\">\n\t\t<div class=\"col-12 col-lg-8 offset-lg-2\">\n\t\t\t<p><small class=\"text-caption text-uppercase\">IIV Mikrofinanzfonds<\/small><\/p>\n\t\t\t<h2 class=\"border-bottom-rainbow pb-3\">Fund Data<\/h2>\n\t\t\t<table class=\"d-none d-lg-block table mb-0\">\n\t\t\t\t<tbody>\n\t\t\t\t<tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Fund name<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">IIV Mikrofinanzfonds<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Fund type<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Public AIF (microfinance fund according to \u00a7222 KAGB)<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Fund Currency<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">EUR (currency hedged)<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Investment instruments<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Unsecuritized loan receivables<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Performance Fee<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">None<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Purchases<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Monthly, up to the 20th calendar day of each month<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Sales<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Quarterly, until February 20, May 20, August 20 and November 20.<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Price Calculation<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Monthly<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Valuation Date<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">End of month<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Use of income<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Distributing (annually)<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Launch Date<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">October 10, 2011<\/span><\/td><\/tr>\n\t\t\t\t<tr class=\"border-bottom-rainbow\">\n\t\t\t\t\t<th scope=\"col\" colspan=\"2\"><\/th>\n\t\t\t\t\t<th scope=\"col\"><span class=\"h5-medium\">Class R<\/span><\/th>\n\t\t\t\t\t<th scope=\"col\"><span class=\"h5-medium\">Class I<\/span><\/th>\n\t\t\t\t<\/tr>\n\t\t\t\t<tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Minimum Investment<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\">None<\/span><\/td><td colspan=\"1\"><span class=\"h5-light\">EUR 30,000<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Entry fee<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\">max. 3 %<\/span><\/td><td colspan=\"1\"><span class=\"h5-light\">max. 1 %<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Custodian fee &#185;<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\">0.05 % p.a.<\/span><\/td><td colspan=\"1\"><span class=\"h5-light\">0.05 % p.a.<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Management fee &#178;<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\">1.40 % p.a.<\/span><\/td><td colspan=\"1\"><span class=\"h5-light\">0.90 % p.a.<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Total Expense Ratio (TER) &#179;<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\">2,02 % p.a.<\/span><\/td><td colspan=\"1\"><span class=\"h5-light\">1,52 % p.a.<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">WKN<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\"><b>A1H44T<\/b><\/span><\/td><td colspan=\"1\"><span class=\"h5-light\"><b>A1H44S<\/b><\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">ISIN<\/span><\/th><td colspan=\"1\"><span class=\"h5-light\"><b>DE000A1H44T1<\/b><\/span><\/td><td colspan=\"1\"><span class=\"h5-light\"><b>DE000A1H44S3<\/b><\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Portfolio Manager<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">Invest in Visions GmbH<\/span><\/td><\/tr><tr><th scope=\"row\" colspan=\"2\"><span class=\"h5-medium\">Alternative investment fund manager (AIFM)<\/span><\/th><td colspan=\"2\"><span class=\"h5-light\">HANSAINVEST Hanseatische Investment-GmbH<\/span><\/td><\/tr>\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<div class=\"d-lg-none\">\n\t\t\t\t<div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Fund name<\/p><p class=\"h5-light m-0\">IIV Mikrofinanzfonds<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Fund type<\/p><p class=\"h5-light m-0\">Public AIF (microfinance fund according to \u00a7222 KAGB)<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Fund Currency<\/p><p class=\"h5-light m-0\">EUR (currency hedged)<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Investment instruments<\/p><p class=\"h5-light m-0\">Unsecuritized loan receivables<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Performance Fee<\/p><p class=\"h5-light m-0\">None<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Purchases<\/p><p class=\"h5-light m-0\">Monthly, up to the 20th calendar day of each month<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Sales<\/p><p class=\"h5-light m-0\">Quarterly, until February 20, May 20, August 20 and November 20.<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Price Calculation<\/p><p class=\"h5-light m-0\">Monthly<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Valuation Date<\/p><p class=\"h5-light m-0\">End of month<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Use of income<\/p><p class=\"h5-light m-0\">Distributing (annually)<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Launch Date<\/p><p class=\"h5-light m-0\">October 10, 2011<\/p><\/div>\t\t\t\t<div class=\"col-12 border-bottom-rainbow pb-3 mb-2\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t<div class=\"col-6\"><p class=\"h5-medium m-0\">Class R<\/p><\/div>\n\t\t\t\t\t\t<div class=\"col-6 text-end\"><p class=\"h5-medium m-0\">Class I<\/p><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">Minimum Investment<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\">None<\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\">EUR 30,000<\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">Entry fee<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\">max. 3 %<\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\">max. 1 %<\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">Custodian fee &#185;<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\">0.05 % p.a.<\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\">0.05 % p.a.<\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">Management fee &#178;<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\">1.40 % p.a.<\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\">0.90 % p.a.<\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">Total Expense Ratio (TER) &#179;<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\">2,02 % p.a.<\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\">1,52 % p.a.<\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">WKN<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\"><b>A1H44T<\/b><\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\"><b>A1H44S<\/b><\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><div class=\"row\"><div class=\"col\"><p class=\"h5-medium m-0\">ISIN<\/p><\/div><\/div><div class=\"row\"><div class=\"col-6\"><p class=\"m-0\"><b>DE000A1H44T1<\/b><\/p><\/div><div class=\"col-6 text-end\"><p class=\"m-0\"><b>DE000A1H44S3<\/b><\/p><\/div><\/div><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Portfolio Manager<\/p><p class=\"h5-light m-0\">Invest in Visions GmbH<\/p><\/div><div class=\"col-12 border-bottom pb-2 mb-3\"><p class=\"h5-medium m-0\">Alternative investment fund manager (AIFM)<\/p><p class=\"h5-light m-0\">HANSAINVEST Hanseatische Investment-GmbH<\/p><\/div>\t\t\t<\/div>\n\t\t\t<div class=\"row mt-5 mb-5\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<ul class=\"list-unstyled\">\n\t\t\t\t\t\t<li><small><b>1<\/b> <span class=\"text-muted\">Included in TER<\/span><\/small><\/li>\n\t\t\t\t\t\t<li><small><b>2<\/b> <span class=\"text-muted\">Can be up to 1.8 %<\/span><\/small><\/li>\n\t\t\t\t\t\t<li><small><b>3<\/b> <span class=\"text-muted\">As of September 30, 2024<\/span><\/small><\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_e817219b83f1d5a64bc71bfcf71ff73d\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12 col-lg-6\"><h2>Opportunities<\/h2>\n<ul>\n<li>Social commitment with a steady return<\/li>\n<li>Attractive investment solutions for the low interest rate environment<\/li>\n<li>Broad risk diversification of the portfolio<\/li>\n<li>Stringent and risk-controlled investment approach<\/li>\n<li>Low volatility<\/li>\n<li>Low correlation with traditional asset classes<\/li>\n<\/ul>\n<\/div>\n\t\t<div class=\"col-12 col-lg-6\"><h2>Risks<\/h2>\n<ul>\n<li>Risk of capital loss<\/li>\n<li>Country risks (e.g. political, macroeconomic)<\/li>\n<li>Default risks related to the sub-borrowers<\/li>\n<li>Credit, currency and interest rate risks<\/li>\n<li>Liquidity risks<\/li>\n<li>Risks from use of derivatives<\/li>\n<\/ul>\n<p>Further information can be found in in the KID, the annual report and the fund prospectus (in German language).<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"spacer-block_3ba26e744eef45d96454f1a4610c1f4b\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_dbdd4cfe34017fabbc1b399de5facbee\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t<p class=\"h2 mb-5\">A proven investment process <\/p>\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>In addition to risk diversification across different regions, countries and microfinance institutions, the qualitative selection of institutions significantly determines the investment success of the IIV Mikrofinanzfonds. When selecting institutions, not only do we conduct an in-depth financial and risk analysis, but we also attach equal importance to ethical and social aspects.<\/p>\n<p>Based on a careful company evaluation, we only select microfinance institutions for the IIV Mikrofinanzfonds that operate sustainably and offer their services on fair terms. We pay particular attention, for example, to reasonable interest rates, transparent credit counseling, continuing education programs for micro-borrowers, the avoidance of over-indebtedness, the coverage of rural areas and the advancement of women. In our dual investment approach, the assessment of the financial and social performance of microfinance institutions is carried out using in-house investment analysis tools and an in-depth on-site review. Through this stringent investment process, the IIV Mikrofinanzfonds provides investors with the assurance that they are creating social value with their investment, in addition to a financial return.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_5176326e262c8bee80e130a191db95df\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">SUCCESS STORIES<\/small><\/p><p class=\"h2 mb-5\">How microloans work <\/p>\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><p>At Invest in Visions, our mission is to create positive change through sustainable investments in the context of financial portfolio management. Success stories from the microfinance institutions we have invested in around the world reflect this.<\/p>\n<\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n\n<div id=\"success-stories-block_decf2072b87d5e3bc000b5544ac0c6c8\" class=\"container-fluid text-with-image mt-5 block success-stories \">\n\t<div class=\"row d-flex mb-5 p-content\">\n\t\t<div class=\"col-12 col-lg-3 offset-lg-7\">\n\t\t\t<p class=\"mb-lg-0 mb-2 mt-4 mt-lg-0\"><a href=\"https:\/\/www.investinvisions.com\/en\/blog\/success-stories\/\" class=\"btn btn-outline-secondary\">All Success Stories<\/a><\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"row py-3 my-2\">\n\t\t<div class=\"col-12 col-lg-7 col-xl-8 ps-lg-0\">\n\t\t\t<div class=\"success-single\">\n\t\t\t\t<a href=\"https:\/\/www.investinvisions.com\/en\/blog\/success-stories\/florist-in-georgia\/\" class=\"post-link\">\n\t\t\t\t\t<div class=\"success-thumbnail success-stories-main\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tdata-sizes=\"auto\"\n\t\t\t\t\t\t\tdata-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/04\/Erfolgsgeschichte_Georgien-Nino-Peikrishvili-1240x620.png\"\n\t\t\t\t\t\t\tclass=\"lazyload img-fluid\" \/>\n\t\t\t\t\t\t<div class=\"success-caption\">\n\t\t\t\t\t\t\tNino Peikrishvili \t\t\t\t\t\t\t<h3>Florist in Georgia<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"col-12 col-lg-3 col-xl-2\">\n\t\t\t\t\t\t\t<div class=\"success-single mt-3 mt-lg-0 mb-5\">\n\t\t\t\t\t<a href=\"https:\/\/www.investinvisions.com\/en\/blog\/success-stories\/automating-wine-growing-in-moldova\/\" class=\"post-link\">\n\t\t\t\t\t\t<div class=\"success-thumbnail success-stories-secondary\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"265\" height=\"180\" src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Republik-Moldau-Victor-Efros-1-265x180.png\" class=\"img-fluid me-lg-5 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Republik-Moldau-Victor-Efros-1-265x180.png 265w, https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Republik-Moldau-Victor-Efros-1-776x530.png 776w\" sizes=\"auto, (min-width: 960px) 75vw, 100vw\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"success-caption\">\n\t\t\t\t\t\t\tVictor Efros\t\t\t\t\t\t\t<h3>Automated viticulture in Moldova<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"success-single mt-3 mt-lg-0 mb-5\">\n\t\t\t\t\t<a href=\"https:\/\/www.investinvisions.com\/en\/blog\/success-stories\/mikrokredite-halfen-martha-castellon-cerda-beim-aufbau-ihrer-baeckerei\/\" class=\"post-link\">\n\t\t\t\t\t\t<div class=\"success-thumbnail success-stories-secondary\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"265\" height=\"180\" src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Nicaragua-Martha-Castellon-Cerda-1-265x180.png\" class=\"img-fluid me-lg-5 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Nicaragua-Martha-Castellon-Cerda-1-265x180.png 265w, https:\/\/www.investinvisions.com\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Erfolgsgeschichte_Nicaragua-Martha-Castellon-Cerda-1-776x530.png 776w\" sizes=\"auto, (min-width: 960px) 75vw, 100vw\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"success-caption\">\n\t\t\t\t\t\t\tMartha Castellon Cerda\t\t\t\t\t\t\t<h3>Bakery in Nicaragua<\/h3>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<script>\n\twindow.postload.push(['https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/js\/vendor\/swiper\/swiper-bundle.min.js', () => {\n\t\twindow.postload.push(['https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/js\/blocks\/success-stories.min.js']);\n\t}]);\n<\/script>\n\n\n\n<div id=\"spacer-block_3ba26e744eef45d96454f1a4610c1f4b\" class=\"spacer spacer-S\"><\/div>\n\n\n\n<div id=\"spacer-block_7351a3cb7d48ce7907aee2f0e7e4a39f\" class=\"spacer spacer-S\"><\/div>\n\n\n<div class=\"row text\" id=\"text-block_2aeee43c4ffcd5993dd71aa31c7b778d\"><div class=\"col\"><div class=\"row\">\n\t<div class=\"col\">\n\t\t\t<\/div>\n<\/div>\n<div class=\"row\">\n\t\t\t<div class=\"col-12\"><\/div>\n\t\t<\/div>\n\n<\/div><\/div>\n\n<div class=\"container-lg\">\n\t<div class=\"row\">\n\t\t<div class=\"col-12 p-content sunken-headline\">\n\t\t\t<p class=\"text-caption\"><small class=\"text-uppercase\">IIV Mikrofinanzfonds<\/small><\/p><p class=\"h2 mb-5\">FAQ<\/p>\t\t<\/div>\n\t<\/div>\n\t<div class=\"row\">\n\t\t<div class=\"col\">\n\t\t\t<div class=\"accordion accordion-flush faqs\" id=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2\">\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t\t<h2 class=\"accordion-header\" id=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-heading1\">\n\t\t\t\t\t\t\t<button class=\"accordion-button px-0 pb-1 rainbow-link collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse1\" aria-expanded=\"false\" aria-controls=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse1\">\n\t\t\t\t\t\t\t\tHow can shares in the IIV Mikrofinanzfonds be acquired?\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\t\t<span class=\"dropdown-toggle\"><\/span>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<div id=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse1\" class=\"accordion-collapse collapse\" aria-labelledby=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-heading1\" data-bs-parent=\"#faqs-block_0fd8e06718d1cb7088adffc8bc3874d2\">\n\t\t\t\t\t\t\t<div class=\"accordion-body pe-0 pt-2\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25.974\" height=\"23.676\"><use xlink:href=\"#arrow\"><\/use><\/svg>\n\t\t\t\t\t\t\t\tThe IIV Mikrofinanzfonds is a mutual fund and is therefore available from any bank, savings bank, direct bank or fund platform. All you need is a securities account. You have the option of investing in share of Class R (ISIN: DE000A1H44T1) without a minimum investment. Alternatively, we also offer share Class I (ISIN: DE000A1H44S3) from a minimum investment of  EUR 30,000.\r\n\r\nBoth tranches are open to private investors. The share class is eligible for savings plans, but not all banks or fund platforms offer this service for long-term asset accumulation. Please contact your bank or savings bank advisor for more information.\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"accordion-item\">\n\t\t\t\t\t\t<h2 class=\"accordion-header\" id=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-heading2\">\n\t\t\t\t\t\t\t<button class=\"accordion-button px-0 pb-1 rainbow-link collapsed\" type=\"button\" data-bs-toggle=\"collapse\" data-bs-target=\"#faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse2\" aria-expanded=\"false\" aria-controls=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse2\">\n\t\t\t\t\t\t\t\tWhen can I buy and sell units in the IIV Mikrofinanzfonds?\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\t\t<span class=\"dropdown-toggle\"><\/span>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<div id=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-collapse2\" class=\"accordion-collapse collapse\" aria-labelledby=\"faqs-block_0fd8e06718d1cb7088adffc8bc3874d2-heading2\" data-bs-parent=\"#faqs-block_0fd8e06718d1cb7088adffc8bc3874d2\">\n\t\t\t\t\t\t\t<div class=\"accordion-body pe-0 pt-2\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25.974\" height=\"23.676\"><use xlink:href=\"#arrow\"><\/use><\/svg>\n\t\t\t\t\t\t\t\tThe fund can be purchased monthly and sold quarterly. Buy orders must be submitted to the depositary via the bank or fund platform by the 20th of the month. Sell orders must be submitted by the 20th of the previous month of the respective quarter-end (e.g. 20 February for sales as of 31 March). The orders received by the respective deadline are usually executed at the end of the month or, in the case of sales, at the end of the quarter with a two-day value date. This means that when shares of the IIV Mikrofinanzfonds are purchased, the shares purchased will probably be credited to the securities account on the second working day of the new month and the account of the buyer:in will be debited with the purchase equivalent in return. Please find the order calendar here. \r\n\r\nFor further questions, please contact the Invest in Visions team: <a href=\"mailto:info@investinvisions.com\" rel=\"noopener\" target=\"_blank\">info@investinvisions.com<\/a> or 069-2043 411 0 \t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<div id=\"spacer-block_3ba26e744eef45d96454f1a4610c1f4b\" class=\"spacer spacer-S\"><\/div>\n\n\n\n<div id=\"team_small-block_20de3d9d1c9956116a9cc0197bd5894f\" class=\"team_small\">\n\t<div class=\"container-fluid block mb-0\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col-12 col-lg-8 offset-lg-2\">\n\t\t\t\t<p class=\"h2 mb-5\">\n\t\t\t\t\t<span class=\"d-none d-lg-inline\">Find the right contact person for your topic or your inquiry in our company<\/span>\n\t\t\t\t\t<span class=\"d-lg-none\">Contact person<\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"container-fluid block bg-lightblue block-team\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col-12 col-lg-8 offset-lg-2\">\n\t\t\t\t<div class=\"row\">\n\t\t\t\t\t<div style=\"display: none;\" class=\"swiper\" data-swiper=\"1\"><div class=\"swiper-wrapper\"><div class=\"swiper-slide text-center\" data-name=\"Oliver Fischer\" data-position=\"Managing Director\" data-email=\"o.fischer@investinvisions.com\" data-linkedin=\"https:\/\/www.linkedin.com\/in\/oliver-fischer-73705339\/\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/Oliver-Fischer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Lars Siebert\" data-position=\"Managing Director and Chief Operating Officer\" data-email=\"lars.siebert@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/3Hs49by\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Lars Siebert Chief Operating Officer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Michael Zink\" data-position=\"Chief Customer Officer\" data-email=\"michael.zink@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/41VVnuI\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Michael Zink Chief Customer Officer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Dr. Carlos De las Salas Vega\" data-position=\"Chief Investment Officer\" data-email=\"carlos.delassalas@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/3oRDRJg\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Dr. Carlos De las Salas Vega Chief Investment Officer.png\"><\/div><\/div><\/div><div class=\"swiper-button-next\"><svg class=\"icon icon-Icons-197\"><use xlink:href=\"#icon-Icons-197\"><\/use><\/svg><\/div><div class=\"swiper-button-prev\"><svg class=\"icon icon-Icons-196\"><use xlink:href=\"#icon-Icons-196\"><\/use><\/svg><\/div><\/div><div style=\"display: none;\" class=\"swiper\" data-swiper=\"2\"><div class=\"swiper-wrapper\"><div class=\"swiper-slide text-center\" data-name=\"Michael Zink\" data-position=\"Chief Customer Officer\" data-email=\"michael.zink@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/41VVnuI\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Michael Zink Chief Customer Officer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Julia Falkenhainer\" data-position=\"Marketing &#038; Communication Manager\" data-email=\"julia.falkenhainer@investinvisions.com\" data-linkedin=\"https:\/\/www.linkedin.com\/in\/julia-falkenhainer-858674157\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV-Julia-Falkenhainer-Marketing-Communication-Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Susanne Kischel\" data-position=\"Business Development Manager\" data-email=\"susanne.kischel@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/44enjLX\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Susanne Kischel Assistentin GFBusiness Development Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Melanie Brandst\u00e4dter\" data-position=\"Client Support Manager\" data-email=\"melanie.brandstaedter@investinvisions.com\" data-linkedin=\"https:\/\/www.linkedin.com\/in\/melanie-brandstaedter-3a0076130\/\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Melanie Brandstaedter - 646x646.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Birgit Knetsch\" data-position=\"Senior Investor Relations Manager\" data-email=\"birgit.knetsch@investinvisions.com\" data-linkedin=\"https:\/\/www.linkedin.com\/in\/birgit-knetsch\/\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV_Birgit-Knetsch_Senior-Investor-Relations-Manager.jpg\"><\/div><\/div><\/div><div class=\"swiper-button-next\"><svg class=\"icon icon-Icons-197\"><use xlink:href=\"#icon-Icons-197\"><\/use><\/svg><\/div><div class=\"swiper-button-prev\"><svg class=\"icon icon-Icons-196\"><use xlink:href=\"#icon-Icons-196\"><\/use><\/svg><\/div><\/div><div style=\"display: none;\" class=\"swiper\" data-swiper=\"3\"><div class=\"swiper-wrapper\"><div class=\"swiper-slide text-center\" data-name=\"Oliver Fischer\" data-position=\"Chief Sustainability Officer\" data-email=\"o.fischer@investinvisions.com\" data-linkedin=\"https:\/\/www.linkedin.com\/in\/oliver-fischer-73705339\/\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/Oliver-Fischer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Dr. habil. Moritz Isenmann\" data-position=\"Senior Impact and Sustainability Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3Hrkb5B\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Dr. habil. Moritz Isenmann Senior Impact and Sustainability Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Ariane Schoen\" data-position=\"Senior Impact Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3HvJt2s\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Ariane Schoen Senior Impact Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Lisa Staudt\" data-position=\"Risk and Sustainability Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3Vlmi0t\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Lisa Staudt Risk and Sustainability Manager.png\"><\/div><\/div><\/div><div class=\"swiper-button-next\"><svg class=\"icon icon-Icons-197\"><use xlink:href=\"#icon-Icons-197\"><\/use><\/svg><\/div><div class=\"swiper-button-prev\"><svg class=\"icon icon-Icons-196\"><use xlink:href=\"#icon-Icons-196\"><\/use><\/svg><\/div><\/div><div style=\"display: none;\" class=\"swiper\" data-swiper=\"4\"><div class=\"swiper-wrapper\"><div class=\"swiper-slide text-center\" data-name=\"Lars Siebert\" data-position=\"Chief Operating Officer and Managing Director\" data-email=\"lars.siebert@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/3Hs49by\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Lars Siebert Chief Operating Officer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Maria Moreno\" data-position=\"Senior Finance and Accounting Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3LrcBsD\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Maria Moreno Senior Finance and Accounting Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Carmen Candia-Beery\" data-position=\"Legal and Contract Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/42elNaD\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Carmen Candia-Beery Legal and Contract Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Soledad Grossi Madcur\" data-position=\"Finance and Accounting Manager\" data-email=\"\" data-linkedin=\"\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Soledad Grossi Madcur Finance and Accounting Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Mandy Horst\" data-position=\"Finance and Accounting Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/42aoFp0\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Mandy Horst Finance and Accounting Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Lisa Staudt\" data-position=\"Risk and Sustainability Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3LJvo3Z\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Lisa Staudt Risk and Sustainability Manager.png\"><\/div><\/div><\/div><div class=\"swiper-button-next\"><svg class=\"icon icon-Icons-197\"><use xlink:href=\"#icon-Icons-197\"><\/use><\/svg><\/div><div class=\"swiper-button-prev\"><svg class=\"icon icon-Icons-196\"><use xlink:href=\"#icon-Icons-196\"><\/use><\/svg><\/div><\/div><div style=\"display: none;\" class=\"swiper\" data-swiper=\"5\"><div class=\"swiper-wrapper\"><div class=\"swiper-slide text-center\" data-name=\"Dr. Carlos De las Salas Vega\" data-position=\"Chief Investment Officer\" data-email=\"carlos.delassalas@investinvisions.com\" data-linkedin=\"https:\/\/bit.ly\/3oRDRJg\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Dr. Carlos De las Salas Vega Chief Investment Officer.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Elena Mende\" data-position=\"Head of Transaction Management\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3AI9YxU\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Elena Mende Head of Transaction Management.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Sergej Leon Shkolnikov, CFA\" data-position=\"Senior Portfolio Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3oQA4Mk\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Sergej Leon Shkolnikov, CFA Senior Portfolio Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Camellia Genova, CFA\" data-position=\"Senior Portfolio Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3nfZPp9\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Camellia Genova, CFA Senior Portfolio Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Susana Palate\" data-position=\"Contract, Transaction and AML Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3LLMOwV\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Susana Palate Contract, Transaction and AML Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Luay Mreish\" data-position=\"Portfolio Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3LLQ0Zi\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Luay Mreish Portfolio Manager.png\"><\/div><\/div><div class=\"swiper-slide text-center\" data-name=\"Dr. Fernando Ortega, LL.M.\" data-position=\"Contract and Portfolio Risk Manager\" data-email=\"\" data-linkedin=\"https:\/\/bit.ly\/3LrcRb5\"><div><img decoding=\"async\" class=\"lazyload rounded-circle bg-rainbow\" style=\"padding:2px;\" alt=\"\" data-sizes=\"auto\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/www.investinvisions.com\/en\/wp-content\/themes\/iiv-2023\/assets\/images\/team\/IIV Dr. Fernando Ortega, LL.M. 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