Krungsri Asset Management Co., Ltd. (the “Management Company”) would like to notify you of amendment to the mutual fund projects under management which have been underwritten by the Fund Supervisor and approved by The Securities and Exchange Commission on the following matters. The list of 79 mutual funds subject to the amendments is as specified in the attached table.
1. Amendment to the fund projects under management for consistency and/or compliance with the Announcement of Association of Investment Management Companies No. SorJorKor.Ror. 1/2559 re: Standard of Measurement and Presentation of Performance of Mutual Funds, dated 1 August 2016:
1.1 Amendment to the statement under the heading “Benchmark” where the fund uses SET Index as a benchmark and/or as a part of a benchmark for measurement of fund performance by changing the benchmark to SET Total Return Index (SET TRI) including changing from SET50 / SET100 to SET50 / SET100 Total Return Index in accordance with the standard prescribed in the guideline set out in the Announcement of Association of Investment Management Companies (Please see the list of funds subject to this change in the enclosed schedule under “1. SET TRI Benchmark”)
1.2 Amendment to the statement under the heading “Benchmark” by adding a reservation for changing the benchmark for consistency and/or in accordance with the guideline set out in Announcement of Association of Investment Management Companies (Please see the list of funds subject to this change in the enclosed schedule under “2. Addendum to Benchmark”)
Effective Date: The amendments in 1.1 and 1.2 shall be effective from 1 January 2017.
2. Amendment to the fund projects under management for consistency and/or compliance with the notification of The Capital Advisory Board No. Thor Nor. 87/2558 re: Investment of the Funds, dated 17 December 2015:
2.1 Addition of a statement relating to “explanation of glossary used in investment of the funds which explains the abbreviations and the meaning of the abbreviations and the terms that specify under the headings Type of Assets and Investment Ratio” which follows the statement under the existing heading “Definition”. (Please see the list of funds subject to this change in the enclosed schedule under “3. Definition”.)
2.2 Amendment to the statement under the heading “Type of Securities or Other Assets or Making Profits by Other Onshore and/or Offshore Investment” in accordance with the standard prescribed in the Notification of The Capital Advisory Board whereas the material content remains unchanged and which will not result in higher risk. (Please see the list of funds subject to this change in the enclosed schedule under “4. Type of Assets”)
2.3 Amendment to the statement under the heading “Investment Ratio for Investment in Securities or Other Assets as Part of Assets of Onshore and/or Offshore” in accordance with the standard and the form prescribed in the Notification of The Capital Advisory Board whereas the material content remains unchanged and which will not result in higher risk. (Please see the list of funds subject to this change in the enclosed schedule under “5. Investment Ratio”)
2.4 Amendment to the statement under the heading “Details of Investment Policy” in accordance with the criteria of “Fund Classification” by replacing the current statement with the standard statement as prescribed by the Notification of The Capital Advisory Board whereas the material content remains unchanged and which will not result in higher risk. (Please see the list of funds subject to this change in the enclosed schedule under “6. Label Fund”)
2.5 Amendment to the statement under the heading “Details of Investment Policy” by deleting the current statement that specifies the failure to meet the investment ratio specified in the fund prospectus in different scenarios and replacing it with the new statement that specifies actions to be taken when investment is not consistent with the investment policy according to fund classification as prescribed in the Notification of The Capital Advisory Board. (Please see the list of funds subject to this change in the enclosed schedule under “7. Investing not meet the Requirement”)
Effective Date: The amendments in 2.1 to 2.5 shall be effective from 16 January 2017.
Should you have any queries or require any further information, please contact your account manager or our customer relation staff at 02-657-5757 press 2 or via email at krungsriasset.clientservice@krungsri.com.
Please be informed accordingly.