K-CHANGE-SSF
K Positive Change Equity Fund-SSF

Investors cannot redeem this fund before January 4, 2021
Data as of July 2,2020

NAV per unit

15.4579 Baht
Change
+0.11220.7311 %
Offer Price
15.4580 Baht
Bid Price
N/A Baht
Net Asset Value (NAV)
25,838,515.30 Baht
Registered Fund Capital
1,700 Million Baht
Inception Date
16 May 2019 (Class launched : 8 May 2020)
​​​​​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payout Policy
No dividend payment
XD Dates
     -
Bloomberg Ticker
​KPSCGEQ:TB​

Master Fund's Bloomberg Ticker
BGPCBAG:LN​
    

Fund Type
• Equity Fund
• Super Savings 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 accept conditions for investment period by holding units not less than 10 years from subscription date.
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.  
• Class Launch Date of K-CHANGE-SSF is 8 May 2020.

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 May 29,2020

Subscription and Redemption Details

Subjects
Details
Subscription date
Every trading day
between 8.30 a.m. - 3.30 p.m.
Redemption date
Unitholders can redeem from January 4, 2021 onward in every business day between 8.30 a.m. - 3.30 p.m.
Minimum initial subscription
500 Baht
Minimum subsequent subscription
500 Baht
Minimum redemption
None
Minimum​ account balance
None
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​% (Waived)
Back-end fee
Not exceeding 3.00​% (Waived)
Brokerage fee
Not exceeding 0.75​%
Exit fee


Switching fee
- If holding less than a year : 1.50%
- If holding not less than a year : None

Switching out : 1.50%





Fund Performance

Data as of July 2,2020
  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-SSF 14.21% N/A N/A N/A N/A N/A N/A 14.21%
Benchmark Return 7.90% N/A N/A N/A N/A N/A N/A 7.90%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
02/07/2020 15.4579 +0.1122|0.7311 % 15.4580 N/A 25,838,515.30
01/07/2020 15.3457 +0.1384|0.9101 % 15.3458 15.1155 24,954,428.67
30/06/2020 15.2073 +0.1702|1.1319 % 15.2074 N/A 22,816,990.95
29/06/2020 15.0371 -0.1546|1.0177 % 15.0372 N/A 21,452,423.38
26/06/2020 15.1917 +0.1792|1.1937 % 15.1918 N/A 20,652,564.71
25/06/2020 15.0125 -0.2171|1.4255 % 15.0126 N/A 18,764,518.15
24/06/2020 15.2296 -0.0222|0.1456 % 15.2297 N/A 18,254,943.54
23/06/2020 15.2518 0.0000|0.0000 % 15.2519 N/A 17,962,785.23

Note: NAV Value Not include Dividend

Market Update

Date Topic

Announcements

Date Topic