Notice to JKC Asia Bond 2023 Sub-Fund Shareholders
June 24, 2022
This content is intended for professional investors within the meaning of MiFID.
The Company’s Board of Directors (the “Board”) hereby informs you of any changes to the characteristics of the Sub-Fund.
1) Change of investment objective and other related changes
The Sub-Fund’s investment objective will change to reflect the extension of the Investment Maturity Date. Effective July 20, 2022 (the “Effective Date”), the investment objective will be defined as follows.
“Aim to generate maximum returns in one investment period up to December 31, 2025.”
As a result of this change, the name of the sub-fund will be changed to JKC Asia Bond 2025, the subscription period will be extended to 30 April 2024 and the deadline for certain investments to be valued using the discount rate will be extended. Until April 30, 2024.
2) Change in investment policy
The Sub-Fund’s investment policy will be (i) fixed maturity and/or bonds with an estimated maturity of December 2025, but with an option to redeem earlier; By December 31, 2025, it provides the opportunity to (ii) increase equity exposure from 10% to 20%, (iii) exposure to NOK and SEK currencies, and (iv) invest in index-based swaps. Credit default swaps.