Krungsri Asset Management Company Limited (the “Management Company”) would like to announce the amendment to Krungsri Active Fixed Income Fund (KFAFIX), Krungsri Smart Fixed Income Fund (KFSMART), and Krungsri Star Multiple Fund (KFSMUL) which has been approved by The Securities and Exchange Commission (the “SEC”). The amendment includes permission for the Fund to invest in units of mutual funds under the management of the Management Company (Cross investing fund). The material details of the amendment are as follows:
1. Details relating to Investment Policy
The following statements have been added.
The Fund may invest in units of mutual funds under the management of the Management Company (Cross investing fund) at the specified ratio provided in the investment framework of the Fund in accordance with the criteria and the conditions prescribed by the SEC. However, the invested fund will not be able to invest in the investing fund (Circle investment) or invest in other funds under the management of the same management company (Cascade investment).
2. Investment Ratio based on Interest in the Invested Business (Concentration limit)
In case the Fund invests in collective investment scheme (CIS) units of a fund with the investment ratio not to exceed 25% of the total CIS units of such mutual fund or foreign fund, the specified ratio shall not apply to investment in units of other mutual fund under the management of the same management company.
3. Management Fee, Front-end Fee, and Back-end Fee
In case the Fund invests in units of a mutual fund under the management of the same management company, the Management Company shall not double charge the management fee, the front-end fee, and/or the back-end fee at the invested fund.
4. Request for Unitholders’ Resolution
In case of investment in other mutual funds under the management of the same management company, the investing fund shall not pass a resolution for the invested fund. If the invested fund is unable to proceed to obtain a resolution due to such restriction, the Management Company may request for an approval from the SEC if a resolution is passed by more than one half of the number of unitholders of the invested fund.
The above amendment shall take effect on 21 November 2017. The Management Company shall not charge fees for redemption or switching out from the funds (if any) (excluding fees chargeable to the funds such as management fee, trustee fee, or registrar fee etc.) for at least 90 days from the date of notice to the unitholders.
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.