K-CHANGE
K Positive Change Equity Fund


Data as of January 17,2020

NAV per unit

12.1493 Baht
Change
+0.01040.0857 %
Offer Price
12.3316 Baht
Bid Price
12.1493 Baht
Net Asset Value (NAV)
1,166,766,083.47 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 December 30,2019

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 January 16,2020
  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 3.45% 16.12% 15.91% N/A N/A N/A N/A 21.39%
Benchmark Return 2.88% 9.00% 5.92% N/A N/A N/A N/A 13.48%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
17/01/2020 12.1493 +0.0104|0.0857 % 12.3316 12.1493 1,166,766,083.47
16/01/2020 12.1389 -0.0534|0.4380 % 12.3211 12.1389 1,143,845,114.51
15/01/2020 12.1923 +0.0002|0.0016 % 12.3753 12.1923 1,133,679,555.90
14/01/2020 12.1921 +0.0567|0.4672 % 12.3751 12.1921 1,128,188,444.38
13/01/2020 12.1354 +0.1003|0.8334 % 12.3175 12.1354 1,129,004,253.02
10/01/2020 12.0351 +0.0807|0.6751 % 12.2157 12.0351 1,107,439,724.31
09/01/2020 11.9544 +0.2202|1.8766 % 12.1338 11.9544 1,121,231,509.94
08/01/2020 11.7342 0.0000|0.0000 % 11.9103 11.7342 1,170,982,206.79

Note: NAV Value Not include Dividend

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