K-CHANGE


Data as of April 27,2020

NAV per unit

12.8536 Baht
Change
+0.10750.8434 %
Offer Price
13.0465 Baht
Bid Price
12.8536 Baht
Net Asset Value (NAV)
1,247,672,999.98 Baht
Registered Fund Capital
1,700 Million Baht
Inception Date
16 May 2019
​​​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payout Policy
No dividend payment
XD Dates
     -
Bloomberg Ticker
​KPSCGEQ:TB​

Master Fund's Bloomberg Ticker
BGPCBAG:LN​
    

Fund Type
• Equity Fund
• Feeder Fund
• FIF (Foreign Investment Fund)
The Fund is suitable for
• Investors who seek a fund with a focus on delivering positive change that aims to deliver growth with a long investment time horizon.
• Investors who can accept the volatility of stock prices that the Master Fund invests in, which may increase or decrease that a loss may occur. ​
• Investors who can accept foreign exchange risk.​
• Investors who can hold their investment for not less than 5 years. 
Investment Policy
• The Fund mainly invests in Baillie Gifford Positive Change Fund - Class B accumulation (GBP) (Master Fund) not less than 80% of NAV.  
• The Fund will use derivatives to hedge against exchange rate risk at least 75% of foreign exposure.  

Baillie Gifford Positive Change Fund - Class B accumulation (GBP) (Master Fund)
• The Master Fund invests in the shares of companies globally whose products or behavior make a positive impact. This will include companies addressing critical challenges in areas such as, but not limited to; education, social inclusion, healthcare and the environment. The fund invests in an actively managed portfolio of 25 – 50 global high quality growth companies.



Risk Spectrum

Level 6
High Risk

Asset Allocation
(% of Investment)

Data as of August 28,2020

Subscription and Redemption Details

Subjects
Details
Subscription date
Every trading day
between 8.30 a.m. - 3.30 p.m.
Redemption date
Every trading day​ 
between 8.30 a.m. - 3.30 p.m.
Minimum initial subscription
500 Baht
Minimum subsequent subscription
500 Baht
Minimum redemption
500 Baht
Minimum​ account balance
500 Baht
NAV announcement date
T+2 (business day)
Settlement date
T+4 (business day)​ (3.00 p.m.)
Subscription and redemption channels

Fees charged to the Fund (% p.a. of NAV)

Lists of Fees
Details
Management fee
Not exceeding 3.2100%
​Trustee fee
Not exceeding 0.2675%
Registrar fee
Not exceeding 0.3210%
Other fees
As it is actually incurred

Fees charged to​ Unitholders (% of trading value)

Lists of Fees
Details
Front-end fee​
Not exceeding 3.00​%
Back-end fee
Not exceeding 3.00​%
Brokerage fee
Not exceeding 0.75​%
Switching fee
Equal to the higher rate between the back-end fee of switch-out fund and the front-end fee of switch-in fund.​





Fund Performance

Data as of September 24,2020
  YTD 3 months 6 months 1 year (p.a.) 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
K-CHANGE 45.03% 11.74% 55.96% 61.24% N/A N/A N/A 47.65%
Benchmark Return 2.57% 4.78% 24.50% 7.11% N/A N/A N/A 9.47%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
27/04/2020 12.8536 +0.1075|0.8434 % 13.0465 12.8536 1,247,672,999.98
24/04/2020 12.7461 -0.0123|0.0964 % 12.9374 12.7461 1,235,737,316.43
23/04/2020 12.7584 +0.1094|0.8649 % 12.9499 12.7584 1,247,962,373.71
22/04/2020 12.6490 -0.1636|1.2769 % N/A 12.6490 1,325,916,547.52
21/04/2020 12.8126 +0.0848|0.6663 % 13.0049 12.8126 1,338,568,869.84
20/04/2020 12.7278 +0.0924|0.7313 % 12.9188 12.7278 1,361,737,340.47
17/04/2020 12.6354 +0.4050|3.3114 % 12.8250 12.6354 1,335,385,455.09
16/04/2020 12.2304 0.0000|0.0000 % 12.4140 12.2304 1,290,626,235.47

Note: NAV Value Not include Dividend

Market Update

Date Topic

Announcements

Date Topic