K-CHANGE
K Positive Change Equity Fund


Data as of August 22,2019

NAV per unit

10.3076 Baht
Change
+0.02150.2090 %
Offer Price
10.4623 Baht
Bid Price
10.3076 Baht
Net Asset Value (NAV)
1,047,648,114.95 Baht
Registered Fund Capital
1,300 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 July 31,2019

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 August 22,2019
  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 3.08% 3.50% N/A N/A N/A N/A N/A 3.08%
Benchmark Return 4.50% 3.09% N/A N/A N/A N/A N/A 4.50%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
22/08/2019 10.3076 +0.0215|0.2090 % 10.4623 10.3076 1,047,648,114.95
21/08/2019 10.2861 -0.0324|0.3140 % 10.4405 10.2861 1,036,282,043.33
20/08/2019 10.3185 +0.0976|0.9549 % 10.4734 10.3185 1,034,568,704.90
19/08/2019 10.2209 +0.1191|1.1790 % 10.3743 10.2209 1,022,800,902.72
16/08/2019 10.1018 -0.0461|0.4543 % 10.2534 10.1018 1,010,675,064.13
15/08/2019 10.1479 -0.1978|1.9119 % 10.3002 10.1479 1,021,412,536.90
14/08/2019 10.3457 +0.0945|0.9218 % 10.5010 10.3457 1,033,995,737.89
13/08/2019 10.2512 0.0000|0.0000 % 10.4051 10.2512 1,034,223,606.45

Note: NAV Value Not include Dividend

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