Such an exemption is justified as the feeder UCITS invests all or almost all of its assets into the diversified portfolio of the master UCITS, which itself is subject to UCITS diversification rules.
Takšno izvzetje je upravičeno, če napajalni KNPVP naloži vsa ali skoraj vsa sredstva v razpršeni portfelj centralnega KNPVP, za katerega veljajo pravila o razpršenosti KNPVP.