Amendment to the mutual fund projects under management 81 funds

12 May 2017

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 (the “SEC”) for consistency and/or compliance with the Notification of the Capital Market Supervisory Board No. Thor Nor. 55/2559 re: Investment of the Funds (No. 3) dated 20 December 2016 as amended by the Notification of the Capital Market Supervisory Board No. Thor Nor. 14/2560 re: Investment of the Funds (No. 4) dated 20 February 2017. The amendments include the following:

1. Amendment to statement relating to “Explanation of investment glossary to be read in conjunction with the abbreviation and the meaning of the abbreviation as appeared under the heading “Type” and “Investment Ratio for Securities” under “Definition/Meaning”. (Please see the list of funds subject to this change in the enclosed schedule under “1. Definition”)

2. Amendment to the statement under the heading “Type of Securities or Other Assets for Making Profits by Other Onshore and/or Offshore Investment” and “Investment Ratio for Investment in Securities or Other Assets as Part of Onshore and/or Offshore Mutual Funds” (Please see the list of funds subject to this change in the enclosed schedule under “2. Type of Securities” and “3. Investment Ratio”) which summarizes the material content of the amendment to the projects. The funds that are eligible to invest in securities or other assets are as follows:

Previous Statement	Amendment to the Criteria
2.1 Investment in Fixed Income Securities
The Fund was not required to invest in fixed income securities that were subject to public disclosure.	Fixed income securities in which the Fund may invest must be registered in the market under the regulator’s supervision and must contain public disclosure. Failure to meet this requirement, the Fund shall be restricted and may invest in any single issuer at no more than 5% of NAV with the aggregate investment in all issuers not to exceed 15% of NAV.
2.2 Investment in Bills of Exchange or Promissory Notes for Settlement of Trade Obligations
No specific requirement.	The Fund may invest in these types of securities only if they are avalized or guaranteed by financial institutions as specified.
2.3 Investment in Derivatives
The Fund may invest in OTC derivatives which is not for risk hedging purpose and does not involve complicated investment, at no more than 25% of NAV.	The investment ratio is cancelled to enable the Management Company to manage liquidity risk without affecting the overall liquidation in unit redemption.
2.4 Investment in other mutual funds (Concentration limit)
The Fund may invest in other mutual funds at no more than 25% of total units in the Fund.	The Fund may invest in other mutual funds at no more than 25% of the Fund except Feeder Fund. If the Feeder Fund exceeds its concentration limit without additional investment, it may still make additional investment in the feeder fund. However, if within 90 days, the Fund still exceeds its concentration limit, the Management Company shall not additional offering the Feeder Fund.

3. Amendment to the statement under the heading “Type of Funds according to Investment Policy” by changing from Mixed Fund to Fixed Income Fund for consistency with the name of the Master Fund and/or type of main assets in which the Master Fund invests. (Please see the list of funds subject to this change in the enclosed schedule under “4. Label Fund”.)

In addition, the Management Company has updated the details of the mutual fund projects in relation to the fees and expenses charged to the funds to include VAT or specific business tax or other taxes for consistency with the Notification of the SEC No. SorNor. 61/2559 re: Prospectus of mutual fund’s investment unit for general investors, non individual investors mutual and institutional investor mutual fund (No. 3) dated 27 December 2016. (Please see the list of funds subject to this change in the enclosed schedule under “5. Fees & Expenses”.)

The amendments to the above funds shall be effective from 15 May 2017.

Should you have any queries or require any further information, please contact your account manager or our Client Service at 02-657-5757 press 2 or via email at krungsriasset.clientservice@krungsri.com.

Please be informed accordingly.

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Amendment to the mutual fund projects under management 81 funds

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