Yes, its a UCITs so that means it is absolutely 100% going to be subject to exit tax at 41%.
However, there is more it than that,as its a Lux domiciled fund it has no double tax treaty with the USA yet the fund is 48% invested in US Equities.
That means that you suffer 30% Dividend Withholding tax on all dividends for which you get no credit against your personal tax liability. The yield on the fund is currently 3.16% so you are being hit with an unrecoverable tax cost of 0.455%pa.
Equally, the fund charges are a huge 1.84%pa Total Expense Ratio (source Morningstar)
You could achieve a better result with an Irish Domiciled fund which would be able to access the Irish USA double tax treaty and which would cut your dividend witholding tax in half.
For example, the fund we use has a TER to 0.23%pa so that would represent a total annual saving to you 1.8375%pa
Practical information
2 Depositary: RBC Investor Services Bank S.A.
2 Further information about the Fund, the prospectus, the articles of association and the latest annual and any subsequent half-yearly report
may be obtained in German and English free of charge from the management company J. Safra Sarasin Fund Management (Luxembourg)
S.A., 11-13 Bvd de la Foire, L-1528 Luxembourg, tel.: +352 262 1251, and from the Company, JSS Investmentfonds, 11-13, Bvd de la Foire,
L-1528 Luxembourg.
2 Further practical information about the Fund and current share prices is available at
www.jsafrasarasin.ch/funds.