Krungsri Asset Management Company Limited (“the Management Company”) would like to notify unitholders of the amendments to the mutual fund project of Krungsri Global Property Fund (KFGPROP) (“the Fund”) which have been approved by the Office of the Securities and Exchange Commission.  The amendments are in relation to change of information of the Janus Henderson - Global Real Estate Fund which is a foreign fund that the fund invested (“the Master Fund”). The change is summarized as follows:

1. Name of the Master Fund :

Old	New
Janus Henderson - Global Real Estate Fund	Janus Henderson - Global Real Estate Equity Income Fund

2. Benchmark :

Old	New
FTSE EPRA/NAREIT Global Index TR USD	FTSE EPRA Nareit Global REITS Index

3. Investment Objective and Policy of the Master Fund :

Old

New

The Fund aims for a total return (capital growth and income) on your investment over time.  The Fund focuses on investments worldwide in the shares of companies engaged in or related to the property industry, or companies which own significant property assets. The Fund also invests in REITs, (a type of investment trust) that invest in income-producing property-related assets (e.g., office buildings, shopping malls, apartments). The Fund may invest in markets in countries that are still developing. The Fund may invest in companies of any size, including small-capitalisation securities (smaller companies).  The Fund may use financial derivatives with the aim of risk or cost reduction within the portfolio.  To a lesser extent, derivatives may also be used to generate additional returns or income for the Fund.

The Fund’s investment objective is to provide a positive level of income and to seek to achieve long-term (5 years or more) growth of capital.  Performance Target: To achieve a dividend yield exceeding that of the FTSE EPRA Nareit Global REIT Index, before the deduction of charges, on an annual basis.  It pursues its objective by investing at least 80% of its net asset value in equities (also known as company shares) of companies engaged in or related to the property industry, or which own significant property assets. This may include investments in companies involved in the real estate business or property development, including REITs and companies whose businesses, assets, products or services are related to the real estate sector. The Fund may invest in companies of any size (including small capitalisation equities) and located anywhere in the world (including Developing Markets). The Fund is Actively Managed with reference to the FTSE EPRA Nareit Global REIT Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The Sub-Investment Adviser has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.  The Fund may also invest in other assets including cash and money market instruments. The Fund may use derivatives to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.

The Management Company will use FTSE EPRA NAREIT Global REITS Net Total Return Index in US currency adjusted with the exchange rate as at the date of calculation of return to derive the THB equivalent as an indicator to assess performance of the Fund which is in line with the new benchmark of the master fund. The amendments to the statements relating to the investment objective and policy of the Master Fund as mentioned above do not have any impact and/or increase risk to the Fund.

The amendments to the mutual fund project mentioned above shall take effect from 19 August 2021 onwards.  

Should you require any further information, please contact your account manager or our Client Service at 02-657-5757 press 7 for English and 2 or via email at krungsriasset.clientservice@krungsri.com.

Please be informed accordingly.