5/11/2022

Amendment of K Fixed-Dated Asian Bond 2022A Fund (KAB22A)​​

​               According to Kasikorn Asset Management Co., Ltd. (the Management Company), as an investment manager of K Fixed-Dated Asian Bond 2022A Fund (KAB22A), requested the resolution from unitholders to amend the Fund Project of KAB22A with the period for exercising the right to vote commences from March 21 – April 20, 2022, with the Fund's total number of investment units of 322,997,699.0390 units from 917 unitholders. The Management Company completed the resolution counting on May 9, 2022 with 336 unitholders responded, representing 154,231,982.9326 units or equal to 47.75% of the total number of investment units of the Fund. Regarding the responses, the resolution was voted in favor by 119,989,787.9503 units or equal to 77.80% of the total number of investment units held by unitholders responding and being entitled to cast a vote. As a result, the resolution was passed meaning that the unitholders approve to pursue the requested amendment. Such amendment was submitted to the Securities and Exchange Commission (SEC), herewith other amendments in accordance with regulations of related parties which SEC has already acknowledged on May 10, 2022. The main amendments are summarized as follows.


Summarized main amendments approved by unitholder resolution

1.   Fund Name : K Fixed Income AB 2022A Fund (K-AB22A)

2.   Investment Policy :

    • Invest in fixed income securities both local and foreign without foreign investment limitation.
    • May invest in other funds under management of the Management Company without limitation.
    • Hedge against exchange rate risk at least 90% of foreign investment value.​

3.   Maturity Period : No maturity.​

4.   Redemption of Investment Units : Unitholders can redeem investment units every trading day.

5.   Minimum Redemption Value and Minimum Account Balance :

    • Minimum redemption value: 500 Baht.
    • Minimum account balance: 50 Baht.​

6.   Fees and Expenses charged to the Fund :

    • Total expense charged to the Fund is not exceeding 4.8685% p.a. of NAV.
    • Management fee is not exceeding 3.2100% p.a. of the Fund's total asset value after deducting total liabilities (Total liabilities exclude management fee, trustee fee and registrar fee).
    • Trustee fee is not exceeding 0.2675% p.a. of the Fund's total asset value after deducting total liabilities (Total liabilities exclude management fee, trustee fee and registrar fee).
    • Registrar fee is not exceeding 0.3210% p.a. of the Fund's total asset value after deducting total liabilities (Total liabilities exclude management fee, trustee fee and registrar fee).
    • Other expenses are not exceeding 1.0700% p.a. of NAV. 

7.   Fees and Expenses charged to Unitholders :

    • Switching out fee : Equal to redemption fee of switch-out fund or subscription fee of switch-in fund, whichever is higher.

8.   Restrictions on transferring investment units :

Unitholders can transfer investment units only in these following cases;

1. Transfer to father, mother, child, or spouse of unitholders.

2. Transfer consistently with the inheritance laws.

3. Transfer as the court order.

4. Transfer due to pledge of the investment units of the Fund.

5. Transfer in any other cases approved by the Management Company.

The Registrar will not accept the transfer of investment units in cases other than those specified above.


Summarized main amendments on other subjects in accordance with regulations of related parties

  1. Making amendments in accordance with the Notification of the SEC Office No. SorNor. 9/2564 and SorNor. 29/2564 and the Notification of the Capital Market Supervisory Board No. TorNor. 11/2564.
    • Amendment to the statement regarding the postponement of the payment schedule for the redemption of investment units to the unitholders.
    • Amendment to the statement regarding the refusal of selling, accepting redemption or switching of investment units as per orders.
    • Amendment to the statement regarding the change in fees and expenses.
    • Amendment to the statement regarding the rules and procedures for incorrect investment unit value.
    • Amendment to the statement regarding the Management Company's procedures in the case when the bond issuer defaults, or the instrument invested by the Fund suffers insufficient liquidity, or the Fund is unable to sell such instrument at reasonable price. 
    • Amendment to the statement regarding the restrictions on investment unit holding and vote casting.
    • Amendment to the notification channel for the unitholders when there is an incident for dissolution of the Fund by changing to the channel which can be proved that the unitholders have been contacted.
    • Amendment to the disclosure of information in the Fund Project to cover only the special characteristics and the guidelines of the Fund. Any redundant information that has been disclosed in other documents and the regulations of the SEC Office are no longer required to be specified in the Fund Project.
  2. Changing address of KASIKORNBANK PCL, as the Fund's selling agent, to 400/22 KASIKORNBANK Bldg., Phahon Yothin Road, Samsen Nai, Phaya Thai, Bangkok 10400

The aforementioned Fund Project amendments shall take effect from May 11, 2022 onwards.​

For any inquiries, please contact KAsset Contact Center Tel. 02-673-3888 press 1 or e-mail: ka.customer@kasikornasset.com


Kasikorn Asset Management Co., Ltd.

May 11, 2022

Yes
5/11/2022