Announcement of Amendment to the Prospectus of the Fundshare UCITS Umbrella Fund

Transcription

1 Annuncement f Amendment t the Prspectus f the Fundshare UCITS Umbrella Fund Herewith,. (the Manager ), in its quality f fund manager f the FundShare UCITS Umbrella Fund (the Fund, including any and all f its Sub-Funds ), with the apprval f the current depsitary DAF Depsitary B.V., (the Depsitary ) annunces the fllwing amendments t the Prspectus f the Fund. Amendment and Explanatin t the decisin f amendment f the Base-Prspectus The fllwing main amendments are made t the Base-Prspectus f the Fund and as such hld fr all Participants f the Fund. Change f depsitary In rder t cmply with the new requirements fr depsitaries under financial law and t create greater independence by remving the depsitary frm the same grup as the Manager, the Manager has decided t appint a new depsitary, KasTrust & Depsitary Services B.V ( KasTrust r the New Depsitary ). KasTrust is a private limited liability cmpany incrprated in The Netherlands and a subsidiary f KAS Bank N.V. KasTrust has a license as an investment firm and is regulated under Dutch law. Fr mre infrmatin n KasTrust s license please cnsult the register f the AFM. Depsitary fee With the appintment f KasTrust as the Depsitary f the Fund, the Depsitary fee per Sub-Fund has changed frm a fixed amunt f EUR 2,500 (excluding VAT) + variable 0.01% per year (excluding VAT) t a fixed amunt per Sub-Fund f EUR 2,250 (excluding VAT) + variable 0.01% per year (excluding VAT). Please read chapter 4 f the Prspectus fr mre infrmatin abut the depsitary. Change f legal wner With the new depsitary KasTrust, it has been agreed t set up a separate legal wner fr the Fund. As such, the legal wnership f the assets will be transferred frm DAF Depsitary B.V. t an entity whse sle purpse is hlding the legal wnership f the assets f the Fund: Stichting Legal Owner FundShare UCITS Umbrella Fund (the New Legal Owner ). The New Legal Owner, is a fundatin incrprated under the laws f The Netherlands and will hld the assets f Fund in its wn name n behalf f the Participants, in an accunt held with the custdian f the Fund and regulated under a client agreement stipulated with the custdian. Please read chapter 4.6 and 4.7 f the Prspectus fr mre infrmatin abut the change in the legal wner. Change in the meeting f participants The frequency f the meeting f participants has been changed frm an annual meeting, t meetings n an as needed basis. Please read chapter 14.2 f the Prspectus fr mre infrmatin abut the meeting f participants. Update registratin dcument The registratin dcument has been updated t reflect the indicated changes. Please read chapter 22. Other Amendments in the Base Prspectus In additin t the abve changes, we have used this ccasin, t further update the Prspectus where necessary. These additinal changes have nt led t any material changes in the Prspectus nr t

2 changes in the rights and bligatins f any f the Participants. Participants are still advised t read the updated Base Prspectus. Amendments in the Supplements t the base Prspectus (amendments affecting particular Sub- Funds: investment plicies, restrictins and/r fees) In 2017, the Manager perfrmed an extensive Prduct Apprval and Review Prcess( PARP ), and during that prcess has decided t amend sme f the cnditins and/r investment plicies f its Sub- Funds, as stated in the specific Supplements t the Base Prspectus. The gal f a PARP is t review new and existing Sub-Funds under the fllwing pints and t make adjustments where necessary t: ensure that the applicable regulatry and internal requirements are still met; ensure that the bjectives and investment restrictins f the Sub-Funds are still applicable under market cnditins and in the best interests f the participants Additinally, the appintment f the new depsitary, als led t a review f the investment restrictins in rder t have a cherent agreement n the interpretatin f the investment restrictins between the Manager and the new depsitary. The changes in the cnditins fr the specific Sub-Funds as set ut in the Supplements t the Base Prspectus as a result f the PARP f the Sub-Funds are summarized belw. FundShare UCITS EUR Cash Fund: In rder t avid any impact n the Sub-Fund perfrmance and ease the executin f the investment plicy, an exemptin has been added t the restrictin cncerning cash in case f large Due t the grwth f the AUM, the current market cntext and the changing regulatin, preserve the best interests f the participants. Therefre, a cmbined management and investment bjectives has been changed t the reference rate minus 32 bps. FundShare UCITS USD Cash Fund:

3 Due t the changes in the interest rate envirnment, the target benchmark f the investment bjectives has been changed t the reference rate minus 13 bps. Please nte that these changes d nt mdify the investment bjective and the FundShare UCITS PLN Cash Fund: investment bjectives has been changed t the reference rate minus 45 bps. FundShare UCITS CZK Cash Fund: investment bjectives has been changed t the reference rate minus 81 bps. FundShare UCITS HUF Cash Fund:

4 Due t the changes in the interest rate envirnment, the target benchmark f the investment bjectives has been changed t the reference rate minus 43 bps. Please nte that these changes d nt mdify the investment bjective and the FundShare UCITS SEK Cash Fund: investment bjectives has been changed t the reference rate minus 36 bps. FundShare UCITS NOK Cash Fund: investment bjectives has been changed t the reference rate minus 43 bps. FundShare UCITS DKK Cash Fund:

5 Due t the grwth f the AUM, the current market cntext and the changing regulatin; Due t the changes in the interest rate envirnment, the target benchmark f the investment bjectives has been changed t the reference rate minus 53 bps. Please nte that these changes d nt mdify the investment bjective and the FundShare UCITS GBP Cash Fund: investment bjectives has been changed t the reference rate minus 29 bps. FundShare UCITS CHF Cash Fund: investment bjectives has been changed t the reference rate minus 39 bps. FundShare UCITS Market Prtfli Fund:

6 Primary listing as categrizatin f cuntries fr an asset has been amended t cuntry f risk in rder t better capture Please nte that these changes d nt mdify the investment bjective and the crrespnding benchmark, hwever the recent lw vlatility in the Market leads t a lwer cmputed risk indicatr f 5 frm 6 previusly. FundShare UCITS Alternative Market Prtfli Fund: Primary listing as categrizatin f cuntries fr an asset has been amended t cuntry f risk in rder t better capture crrespnding benchmark, hwever the recent lw vlatility in the Market leads t a lwer cmputed risk indicatr f 5 frm 6 previusly. FundShare UCITS Streve Beheerd Beleggen Behud: the scpe f the restrictin is extended t the ETF hldings (lk-thrugh), in rder t capture the full expsure f the prtfli (new restrictin) the Sub-Fund is allwed t invest up t 25% f its prtfli value in guaranteed ntes (20% previusly) f which 100 % shuld be investment grade ( IG ) (80% previusly) and f which 85% shuld have a payff 100% guaranteed (90% previusly) the Sub-Fund shall have at least 75% f its prtfli value invested in Bnds (80% previusly) the Sub-Fund shall invest at least 60% f its prtfli value in IG bnds (100% previusly) and at least 90% f the bnds shuld be rated B- r higher (new restrictin) at least 85% f the bnds shall have a nminal utstanding amunt f EUR 250 millin r higher (90% previusly) crrespnding benchmark, therefre the risk indicatr remains 3. FundShare UCITS Streve Beheerd Beleggen Grei: Primary listing as categrizatin f cuntries fr an asset has been amended t cuntry f risk in rder t better capture the scpe f the restrictin is extended t the ETF hldings (lk-thrugh), in rder t capture the full expsure f the prtfli (new restrictin)

7 the Sub-Fund shall have at least 30% f its Equities in Western-Eurpe (10% previusly) the Sub-Fund shall have at least 10% and n mre than 70% f its equities in Asia Pacific (new restrictin) the Sub-Fund shall have at least 70% f its equities in Develped cuntries (previusly maximum 30% in ther cuntries) crrespnding benchmark, therefre the risk indicatr remains 6. FundShare UCITS Hedged Equity Cash Fund: Sequia Familie Aandelen Fnds: crrespnding benchmark, therefre the risk indicatr remains 5. Sequia Obligatie Fnds: crrespnding benchmark, therefre the risk indicatr remains 3. Sequia Wereld Aandelen Fnds: crrespnding benchmark, therefre the risk indicatr remains 5. Sequia Wereld Aandelen Waarde Fnds: crrespnding benchmark, therefre the risk indicatr remains 5. Please see the relevant Supplement f a Sub-Fund in the Prspectus fr the applicable cnditins fr the particular Sub-Fund, ther than the cnditins already set ut in the Base-Prspectus. Amendments taking Effect The amendments will nly becme effective ne mnth fllwing the date f ntificatin. Hence, the amendment f the Prspectus fr the Fund and as published n the Website f the Manager nly enters int frce n During the ne-mnth perid, Participants have the right t redeem their Participatins at the respective Net Asset Value under the usual cnditins. All ther amendments are effective frm the mment f

8 publicatin f this ntice n the Website. Amsterdam,