The management company (i.e. investment company) prepares a report on activities for each accounting year of an investment fund. The contents of the report are prescribed by the Investment Fund Act (InvFG) and the Alternative Investment Fund Managers Act (AIFMG). This way investors can get a clear picture of how the investment fund was managed in the past year. In addition, the report on activities includes the auditor’s report, the fund manager’s report and information about the tax treatment of each unit class.