{"id":25081,"date":"2022-08-04T09:26:44","date_gmt":"2022-08-04T09:26:44","guid":{"rendered":"https:\/\/tesysaf.estudioblu.es\/frequently-asked-questions-faqs\/"},"modified":"2025-09-02T21:59:56","modified_gmt":"2025-09-02T21:59:56","slug":"frequently-asked-questions-faqs","status":"publish","type":"page","link":"https:\/\/tesysaf.com\/en\/frequently-asked-questions-faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"25081\" class=\"elementor elementor-25081 elementor-17952\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d42fff elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"8d42fff\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d9f5a67 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"d9f5a67\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea9620f sc_height_huge sc_fly_static elementor-widget elementor-widget-spacer\" data-id=\"ea9620f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-98a8f47 elementor-section-stretched elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"98a8f47\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6028366 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"6028366\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1220c61 sc_fly_static elementor-widget elementor-widget-toggle\" data-id=\"1220c61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1901\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1901\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">1. What is an SGIIC and what is its role?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1901\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1901\"><p>An SGIIC is an entity authorized by the CNMV (Spanish National Securities Market Commission) to manage and administer investment funds. Its primary function is to invest participants\u2019 capital in accordance with a defined investment policy, aiming to generate returns consistent with the fund\u2019s risk profile. Tesys Activos Financieros SGIIC, S.L. is registered with the CNMV under number 296 and manages the Tesys Internacional FI fund.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1902\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1902\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">2. What is an investment fund?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1902\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1902\"><p style=\"font-weight: 400;\">It is a collective investment vehicle in which multiple investors contribute capital, which is then managed by an SGIIC. This capital is invested in a diversified portfolio of financial assets, and profits or losses are distributed proportionally among participants. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1903\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1903\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">3. What funds are managed by Tesys Activos Financieros?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1903\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1903\"><p style=\"font-weight: 400;\">Tesys Activos Financieros manages Tesys Internacional FI, which offers three share classes:<br \/>Class A (ISIN ES0178573004), for <em>retail investors<\/em><br \/>Class I (ISIN ES0178573020), for <em>investments over \u20ac500,000<\/em><br \/>Class C (ISIN ES0178573012), for <em>independent advisory or discretionary portfolio management<\/em><br \/>New funds may be launched in the future. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1904\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1904\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">4. How can I invest in a fund managed by an SGIIC?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1904\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1904\"><p style=\"font-weight: 400;\">You can invest directly through the SGIIC. It\u2019s very simple, just follow the instructions on the <u>\u201cHow to Invest\u201d<\/u> section of the website<em>.<\/em> The process includes risk profiling and signing the required documentation. Some authorized distributors may also offer access.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1905\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1905\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">5. What is the minimum investment required?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1905\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1905\"><p style=\"font-weight: 400;\">The minimum investment is \u20ac10 for <em>Class A<\/em> and <em>Class C<\/em>, and \u20ac500,000 for <em>Class I<\/em>.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"1. What is an SGIIC and what is its role?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>An SGIIC is an entity authorized by the CNMV (Spanish National Securities Market Commission) to manage and administer investment funds. Its primary function is to invest participants\\u2019 capital in accordance with a defined investment policy, aiming to generate returns consistent with the fund\\u2019s risk profile. Tesys Activos Financieros SGIIC, S.L. is registered with the CNMV under number 296 and manages the Tesys Internacional FI fund.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"2. What is an investment fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">It is a collective investment vehicle in which multiple investors contribute capital, which is then managed by an SGIIC. This capital is invested in a diversified portfolio of financial assets, and profits or losses are distributed proportionally among participants. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"3. What funds are managed by Tesys Activos Financieros?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Tesys Activos Financieros manages Tesys Internacional FI, which offers three share classes:<br \\\/>Class A (ISIN ES0178573004), for <em>retail investors<\\\/em><br \\\/>Class I (ISIN ES0178573020), for <em>investments over \\u20ac500,000<\\\/em><br \\\/>Class C (ISIN ES0178573012), for <em>independent advisory or discretionary portfolio management<\\\/em><br \\\/>New funds may be launched in the future. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"4. How can I invest in a fund managed by an SGIIC?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">You can invest directly through the SGIIC. It\\u2019s very simple, just follow the instructions on the <u>\\u201cHow to Invest\\u201d<\\\/u> section of the website<em>.<\\\/em> The process includes risk profiling and signing the required documentation. Some authorized distributors may also offer access.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"5. What is the minimum investment required?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">The minimum investment is \\u20ac10 for <em>Class A<\\\/em> and <em>Class C<\\\/em>, and \\u20ac500,000 for <em>Class I<\\\/em>.<\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5cd7871 elementor-section-stretched elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"5cd7871\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7aafcd9 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"7aafcd9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8e571a sc_fly_static elementor-widget elementor-widget-toggle\" data-id=\"c8e571a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2101\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2101\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">6. Can I withdraw my money at any time?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2101\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2101\"><p style=\"font-weight: 400;\">Yes, you can redeem your investment at any time. There are no redemption fees.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2102\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2102\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">7. What fees apply?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2102\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2102\"><p style=\"font-weight: 400;\">Funds may include management, custodian, subscription, and redemption fees.<br \/>Tesys Internacional FI does not charge subscription or redemption fees.<br \/>Management fees include a fixed portion and a performance-based portion (subject to a five-year high-water mark). You can find detailed fees for each share class in the fund&#8217;s prospectus and under the <u>&#8220;Tesys Internacional FI&#8221;<\/u> section of the website. All reported returns are net of fees.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2103\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2103\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">8. How is my investment return calculated?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2103\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2103\"><p style=\"font-weight: 400;\">Returns are based on the change in the fund\u2019s net asset value (NAV), which is updated daily to reflect the performance of the underlying assets. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2104\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2104\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">9. What are the tax advantages of investment funds?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2104\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2104\"><p style=\"font-weight: 400;\">In Spain, individuals can transfer investments between funds without triggering capital gains tax.<br \/>Capital gains from fund redemptions are taxed as investment income, unlike pension plans, which are taxed as employment income. Funds themselves benefit from a 1% corporate tax rate, creating a powerful compounding effect.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2105\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2105\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">10. How can I check the value of my investment?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2105\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2105\"><p style=\"font-weight: 400;\">In the <u>\u201cClient Area\u201d<\/u> section, you can access your profile to view the value and performance of your investment.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"6. Can I withdraw my money at any time?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, you can redeem your investment at any time. There are no redemption fees.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"7. What fees apply?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Funds may include management, custodian, subscription, and redemption fees.<br \\\/>Tesys Internacional FI does not charge subscription or redemption fees.<br \\\/>Management fees include a fixed portion and a performance-based portion (subject to a five-year high-water mark). You can find detailed fees for each share class in the fund&#8217;s prospectus and under the <u>&#8220;Tesys Internacional FI&#8221;<\\\/u> section of the website. All reported returns are net of fees.   <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"8. How is my investment return calculated?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Returns are based on the change in the fund\\u2019s net asset value (NAV), which is updated daily to reflect the performance of the underlying assets. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"9. What are the tax advantages of investment funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">In Spain, individuals can transfer investments between funds without triggering capital gains tax.<br \\\/>Capital gains from fund redemptions are taxed as investment income, unlike pension plans, which are taxed as employment income. Funds themselves benefit from a 1% corporate tax rate, creating a powerful compounding effect.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"10. How can I check the value of my investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">In the <u>\\u201cClient Area\\u201d<\\\/u> section, you can access your profile to view the value and performance of your investment.<\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a7a40a sc_fly_static elementor-widget elementor-widget-toggle\" data-id=\"7a7a40a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1281\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1281\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">11. What happens if the SGIIC goes bankrupt?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1281\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1281\"><p style=\"font-weight: 400;\">Fund assets are kept separate from the SGIIC\u2019s own assets and are held by a custodian. In the event of insolvency, fund assets are not affected. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1282\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1282\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">12. Where can I file a complaint or claim?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1282\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1282\"><p style=\"font-weight: 400;\">You may contact the Customer Service Department of Tesys Activos Financieros SGIIC at: <u>info@tesysaf.com<\/u>. If you&#8217;re not satisfied, you can contact the <a href=\"https:\/\/www.cnmv.es\/portal\/inversor\/reclamaciones?lang=es\">CNMV Complaints Service<\/a>.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1283\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1283\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">13. Can a minor invest in the fund?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1283\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1283\"><p style=\"font-weight: 400;\">Yes, but the minor\u2019s ID and the legal guardian\u2019s signature are required. You\u2019ll also need to provide a family book or birth certificate. If the guardian is not a parent, legal documentation proving representation will be necessary.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1284\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1284\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">14. What\u2019s the best way to invest in a fund?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1284\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1284\"><p style=\"font-weight: 400;\">Once you&#8217;ve decided how much to invest (only what you don\u2019t need short-term) and in which fund, the best time to invest is now. Don\u2019t try to time the market, long-term investing is key.  <\/p>\n<p style=\"font-weight: 400;\">A very efficient approach is to invest regularly. You can do this by setting up a recurring transfer from your bank account into the fund. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1285\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1285\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">15. Can a company invest in the fund? What documents are required? <\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1285\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1285\"><p style=\"font-weight: 400;\">Yes, legal entities can invest. Required documentation includes: <\/p>\n<ul style=\"font-weight: 400;\">\n<li>Articles of incorporation<\/li>\n<li>Power of attorney for the signatory<\/li>\n<li>Latest corporate tax return<\/li>\n<li>Statement of beneficial ownership<\/li>\n<li>Company tax ID (NIF)<\/li>\n<li>ID of the authorized representative(s)<\/li>\n<\/ul>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"11. What happens if the SGIIC goes bankrupt?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Fund assets are kept separate from the SGIIC\\u2019s own assets and are held by a custodian. In the event of insolvency, fund assets are not affected. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"12. Where can I file a complaint or claim?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">You may contact the Customer Service Department of Tesys Activos Financieros SGIIC at: <u>info@tesysaf.com<\\\/u>. If you&#8217;re not satisfied, you can contact the <a href=\\\"https:\\\/\\\/www.cnmv.es\\\/portal\\\/inversor\\\/reclamaciones?lang=es\\\">CNMV Complaints Service<\\\/a>.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"13. Can a minor invest in the fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, but the minor\\u2019s ID and the legal guardian\\u2019s signature are required. You\\u2019ll also need to provide a family book or birth certificate. If the guardian is not a parent, legal documentation proving representation will be necessary.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"14. What\\u2019s the best way to invest in a fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Once you&#8217;ve decided how much to invest (only what you don\\u2019t need short-term) and in which fund, the best time to invest is now. Don\\u2019t try to time the market, long-term investing is key.  <\\\/p>\\n<p style=\\\"font-weight: 400;\\\">A very efficient approach is to invest regularly. You can do this by setting up a recurring transfer from your bank account into the fund. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"15. Can a company invest in the fund? What documents are required?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, legal entities can invest. Required documentation includes: <\\\/p>\\n<ul style=\\\"font-weight: 400;\\\">\\n<li>Articles of incorporation<\\\/li>\\n<li>Power of attorney for the signatory<\\\/li>\\n<li>Latest corporate tax return<\\\/li>\\n<li>Statement of beneficial ownership<\\\/li>\\n<li>Company tax ID (NIF)<\\\/li>\\n<li>ID of the authorized representative(s)<\\\/li>\\n<\\\/ul>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-02c869b elementor-section-stretched elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"02c869b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c2e0851 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"c2e0851\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b1eed0d sc_fly_static elementor-widget elementor-widget-toggle\" data-id=\"b1eed0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1861\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1861\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">16. Can Spanish citizens living abroad invest?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1861\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1861\"><p style=\"font-weight: 400;\">Yes, but they must provide a Tax Residency Certificate and Tax Identification Number issued by the country of residence.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1862\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1862\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">17. If I want to redeem, how long will it take for the money to reach my account?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1862\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1862\"><p style=\"font-weight: 400;\">Orders placed after 12:00 p.m. or on non-business days will be processed the next business day and settled within three business days, unless the redemption exceeds \u20ac300,000, in which case a ten-day notice is required.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1863\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1863\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">18. Is Tesys Internacional FI transferable between funds? <\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1863\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1863\"><p style=\"font-weight: 400;\">Yes, Spanish residents can transfer funds into or out of Tesys Internacional FI without triggering capital gains tax. This option is not available for legal entities.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1864\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1864\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">19. What is a fund\u2019s TER?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1864\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1864\"><p style=\"font-weight: 400;\">TER (Total Expense Ratio) measures the total cost of running a fund, expressed as a percentage of the fund\u2019s assets. It includes management, custodian, and operating costs and allows comparison between funds.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-1865\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1865\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">20. Are the fund managers aligned with investors?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1865\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1865\"><p style=\"font-weight: 400;\">Absolutely. The main unitholders of the fund are the partners and employees of Tesys Activos Financieros SGIIC, including the Chief Investment Officer and his family. This ensures complete alignment with other investors. There&#8217;s no better way to guarantee shared interests.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"16. Can Spanish citizens living abroad invest?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, but they must provide a Tax Residency Certificate and Tax Identification Number issued by the country of residence.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"17. If I want to redeem, how long will it take for the money to reach my account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Orders placed after 12:00 p.m. or on non-business days will be processed the next business day and settled within three business days, unless the redemption exceeds \\u20ac300,000, in which case a ten-day notice is required.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"18. Is Tesys Internacional FI transferable between funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, Spanish residents can transfer funds into or out of Tesys Internacional FI without triggering capital gains tax. This option is not available for legal entities.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"19. What is a fund\\u2019s TER?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">TER (Total Expense Ratio) measures the total cost of running a fund, expressed as a percentage of the fund\\u2019s assets. It includes management, custodian, and operating costs and allows comparison between funds.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"20. Are the fund managers aligned with investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Absolutely. The main unitholders of the fund are the partners and employees of Tesys Activos Financieros SGIIC, including the Chief Investment Officer and his family. This ensures complete alignment with other investors. There&#8217;s no better way to guarantee shared interests.   <\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab151d8 elementor-section-stretched elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"ab151d8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-327c0e4 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"327c0e4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d691d53 sc_fly_static elementor-widget elementor-widget-toggle\" data-id=\"d691d53\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2241\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2241\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">21. Can the fund move to cash?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2241\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2241\"><p style=\"font-weight: 400;\">Yes, but only if no suitable investment opportunities are found within its investment universe, and always within the fund\u2019s stated limits. However, this is highly unlikely. As fund managers, our duty is to seek returns in any market environment. We do not believe it\u2019s ethical to charge management fees while remaining idle in cash.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2242\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2242\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">22. Is it possible to lose money?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2242\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2242\"><p style=\"font-weight: 400;\">Yes. Like any real asset, an investment fund can lose value. However, time favors the investor and works against non-investors. A long-term investor significantly reduces the probability of losses, while a non-investor is guaranteed to lose purchasing power due to inflation. Inaction carries a cost, and over time (five years or more), equities have historically been the most profitable investment.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2243\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2243\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">23. Are there early redemption penalties?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2243\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2243\"><p style=\"font-weight: 400;\">No. Tesys Internacional FI has no penalties for early redemption.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2244\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2244\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">24. What is an accumulation fund?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2244\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2244\"><p style=\"font-weight: 400;\">An accumulation fund, like Tesys Internacional FI, reinvests dividends instead of distributing them. This allows the investment to compound over time, enhancing returns for the investor. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h5 id=\"elementor-tab-title-2245\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2245\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">25. What are the advantages of investing directly with Tesys Activos Financieros instead of through a distributor?<\/a>\n\t\t\t\t\t<\/h5>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2245\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2245\"><p style=\"font-weight: 400;\">Our Client Portal is designed to enhance the investor experience beyond the generic platforms offered by banks. You\u2019ll find comprehensive information about your investment, transaction history, and tax documentation. By investing directly, you don\u2019t need to open any new bank account, your usual account is enough. Also, exclusive promotions may be available for direct clients.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"21. Can the fund move to cash?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes, but only if no suitable investment opportunities are found within its investment universe, and always within the fund\\u2019s stated limits. However, this is highly unlikely. As fund managers, our duty is to seek returns in any market environment. We do not believe it\\u2019s ethical to charge management fees while remaining idle in cash.   <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"22. Is it possible to lose money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Yes. Like any real asset, an investment fund can lose value. However, time favors the investor and works against non-investors. A long-term investor significantly reduces the probability of losses, while a non-investor is guaranteed to lose purchasing power due to inflation. Inaction carries a cost, and over time (five years or more), equities have historically been the most profitable investment.  <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"23. Are there early redemption penalties?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">No. Tesys Internacional FI has no penalties for early redemption.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"24. What is an accumulation fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">An accumulation fund, like Tesys Internacional FI, reinvests dividends instead of distributing them. This allows the investment to compound over time, enhancing returns for the investor. <\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"25. What are the advantages of investing directly with Tesys Activos Financieros instead of through a distributor?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p style=\\\"font-weight: 400;\\\">Our Client Portal is designed to enhance the investor experience beyond the generic platforms offered by banks. You\\u2019ll find comprehensive information about your investment, transaction history, and tax documentation. By investing directly, you don\\u2019t need to open any new bank account, your usual account is enough. Also, exclusive promotions may be available for direct clients.   <\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba8ecd8 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"ba8ecd8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dad7d66 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"dad7d66\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d44a2ec sc_fly_static elementor-widget elementor-widget-spacer\" data-id=\"d44a2ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-526ad57 sc_fly_static elementor-widget elementor-widget-trx_sc_title\" data-id=\"526ad57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"trx_sc_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div\t\tclass=\"sc_title sc_title_default\" ><span class=\"sc_item_subtitle sc_title_subtitle sc_align_center sc_item_subtitle_above sc_item_title_style_default sc_item_subtitle_with_custom_color trx_addons_inline_1981686723\">Why Tesys<\/span><h1 class=\"sc_item_title sc_title_title sc_align_center sc_item_title_style_default sc_item_title_tag trx_addons_inline_141456653 sc_typed\"\n\t\t\t><span class=\"sc_item_title_text\">We invest with you, <i>with your future in mind<\/i>: our purpose is your growth.<\/span><\/h1><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7ba147 sc_height_small sc_fly_static elementor-widget elementor-widget-spacer\" data-id=\"d7ba147\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5324530 sc_fly_static elementor-widget elementor-widget-trx_sc_button\" data-id=\"5324530\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"trx_sc_button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div\tclass=\"sc_item_button sc_button_wrap sc_align_center\" ><a href=\"\/sobre-nosootros\/\" class=\"sc_button sc_button_simple sc_button_size_normal sc_button_icon_left color_style_dark\" ><span class=\"sc_button_text\"><span class=\"sc_button_title\">About us<\/span><\/span><\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ee9dd4 sc_height_large sc_fly_static elementor-widget elementor-widget-spacer\" data-id=\"8ee9dd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>1. What is an SGIIC and what is its role? An SGIIC is an entity authorized by the CNMV (Spanish National Securities Market Commission) to manage and administer investment funds.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":25362,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_angie_page":false,"footnotes":""},"class_list":["post-25081","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FAQs - Tesys Activos Financieros SGIIC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tesysaf.com\/preguntas-frecuentes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQs - Tesys Activos Financieros SGIIC\" \/>\n<meta property=\"og:description\" content=\"1. What is an SGIIC and what is its role? An SGIIC is an entity authorized by the CNMV (Spanish National Securities Market Commission) to manage and administer investment funds.&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tesysaf.com\/preguntas-frecuentes\/\" \/>\n<meta property=\"og:site_name\" content=\"Tesys Activos Financieros SGIIC\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-02T21:59:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@tesysaf\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/\",\"url\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/\",\"name\":\"FAQs - Tesys Activos Financieros SGIIC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tesysaf.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/TesysAF.png\",\"datePublished\":\"2022-08-04T09:26:44+00:00\",\"dateModified\":\"2025-09-02T21:59:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/tesysaf.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/TesysAF.png\",\"contentUrl\":\"https:\\\/\\\/tesysaf.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/TesysAF.png\",\"width\":1056,\"height\":670},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/preguntas-frecuentes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/tesysaf.com\\\/en\\\/home-tesys-2\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FAQs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#website\",\"url\":\"https:\\\/\\\/tesysaf.com\\\/\",\"name\":\"Tesys Activos Financieros SGIIC\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/tesysaf.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#organization\",\"name\":\"Tesys Activos Financieros SGIIC\",\"url\":\"https:\\\/\\\/tesysaf.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/tesysaf.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/TesysAF.png\",\"contentUrl\":\"https:\\\/\\\/tesysaf.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/TesysAF.png\",\"width\":1056,\"height\":670,\"caption\":\"Tesys Activos Financieros SGIIC\"},\"image\":{\"@id\":\"https:\\\/\\\/tesysaf.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/tesysaf\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/tesys-activos-financieros\\\/about\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@TesysAF\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FAQs - Tesys Activos Financieros SGIIC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tesysaf.com\/preguntas-frecuentes\/","og_locale":"en_US","og_type":"article","og_title":"FAQs - Tesys Activos Financieros SGIIC","og_description":"1. What is an SGIIC and what is its role? An SGIIC is an entity authorized by the CNMV (Spanish National Securities Market Commission) to manage and administer investment funds.&hellip;","og_url":"https:\/\/tesysaf.com\/preguntas-frecuentes\/","og_site_name":"Tesys Activos Financieros SGIIC","article_modified_time":"2025-09-02T21:59:56+00:00","twitter_card":"summary_large_image","twitter_site":"@tesysaf","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/","url":"https:\/\/tesysaf.com\/preguntas-frecuentes\/","name":"FAQs - Tesys Activos Financieros SGIIC","isPartOf":{"@id":"https:\/\/tesysaf.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/#primaryimage"},"image":{"@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/#primaryimage"},"thumbnailUrl":"https:\/\/tesysaf.com\/wp-content\/uploads\/2025\/09\/TesysAF.png","datePublished":"2022-08-04T09:26:44+00:00","dateModified":"2025-09-02T21:59:56+00:00","breadcrumb":{"@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tesysaf.com\/preguntas-frecuentes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/#primaryimage","url":"https:\/\/tesysaf.com\/wp-content\/uploads\/2025\/09\/TesysAF.png","contentUrl":"https:\/\/tesysaf.com\/wp-content\/uploads\/2025\/09\/TesysAF.png","width":1056,"height":670},{"@type":"BreadcrumbList","@id":"https:\/\/tesysaf.com\/preguntas-frecuentes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/tesysaf.com\/en\/home-tesys-2\/"},{"@type":"ListItem","position":2,"name":"FAQs"}]},{"@type":"WebSite","@id":"https:\/\/tesysaf.com\/#website","url":"https:\/\/tesysaf.com\/","name":"Tesys Activos Financieros SGIIC","description":"","publisher":{"@id":"https:\/\/tesysaf.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tesysaf.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/tesysaf.com\/#organization","name":"Tesys Activos Financieros SGIIC","url":"https:\/\/tesysaf.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tesysaf.com\/#\/schema\/logo\/image\/","url":"https:\/\/tesysaf.com\/wp-content\/uploads\/2025\/09\/TesysAF.png","contentUrl":"https:\/\/tesysaf.com\/wp-content\/uploads\/2025\/09\/TesysAF.png","width":1056,"height":670,"caption":"Tesys Activos Financieros SGIIC"},"image":{"@id":"https:\/\/tesysaf.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/tesysaf","https:\/\/www.linkedin.com\/company\/tesys-activos-financieros\/about\/","https:\/\/www.youtube.com\/@TesysAF"]}]}},"_links":{"self":[{"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/pages\/25081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/comments?post=25081"}],"version-history":[{"count":0,"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/pages\/25081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/media\/25362"}],"wp:attachment":[{"href":"https:\/\/tesysaf.com\/en\/wp-json\/wp\/v2\/media?parent=25081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}