Summary Prospectus (Factsheet)

Transcription

1 Information as of 31 December 2018 Summary Prospectus (Factsheet) BBL Asset Management Co., Ltd. BBLAM Anti-Corruption Progress indicator: Certified by CAC Bualuang Future Generation Equity Fund B-FUTURE Equity Fund Cross Investing Fund Exposed to Foreign Investment Risk What are you about to invest in? Who is suitable for this fund? Special Risk Considerations Portfolio of the Fund Fees Fund Performance Other Information Investment in Mutual Fund is not the same as bank deposits. B-FUTURE 1

2 Investment Policy What are you about to invest in? The Fund invests in foreign equities of companies whose business will benefit from future consumption or related technology and/ or innovation that has been developed to accommodate consumption trends, business and future economy. The Fund may invest in CIS units and/ or ETF related to such businesses. The Fund s investments shall have net exposure in such foreign equities averaged in an accounting year not less than 80% of the NAV. For the remaining portion, the Fund may invest in other domestic and foreign securities or assets including equities of startup companies related to technology and/ or innovation, derivatives and/or structured note and the Fund may invest in the Investment Units of other mutual funds under the same management not more than 20% of the NAV. Note: The Fund may invest in the following foreign CIS units more than 20% of the NAV; Allianz Global Investors Artificial Intelligence: investing in the global equity markets of companies whose business will benefit from/or is currently related to the evolution of artificial intelligence. The Fund is managed by Allianz Global Investors Asia Pacific Limited Fidelity Funds - China Consumer Fund: investing in the shares of companies having their head office or a main part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China. The fund may invest its net assets directly in China A and B Shares. The Fund is managed by FIL Investment Management (Luxembourg) S.A. Investment in the abovementioned foreign CIS funds may be changed in the future at the discretion of the Fund Manager. Fund Management Strategy: The Fund expects returns higher than the Benchmark. (Active Management) Who is suitable for this fund? The investors who can invest in the long-term period and accept the fluctuation and risks associated with investing in foreign securities. What kind of investor is this Fund not suitable for? The investors who aim to receive certain amount of return or protect full amount of principal. What you should do if you don t understand investment policy and risks of this Fund Read the full Prospectus or inquire from the selling agents and the Management Company. Do not invest without sufficient understanding on the characteristics and risks of this Fund. B-FUTURE 2

3 Important Warning Special Risk Considerations This Fund invests in the Foreign Funds that have the investment concentration in America and China. The investors shall also consider to diversify their own portfolios. Since the Fund invests overseas, there is a risk that the government of the country that the Fund invests in may issue measures in unusual situations. This results in the repatriation risk which in turn may result in the investors not receiving the redemption money in the specified period. Since the Fund is not fully hedged, the Fund has a USD/THB currency risk. The investors may receive return less than the initial investment. The Fund may invest in derivatives or structured note. Therefore, the Fund has higher risk than other types of mutual funds that invest in underlying directly. Due to using less of principle amount, so it will have higher profit/loss than investment in underlying directly. Any person or the same group of persons may/will hold investment units of the Fund more than onethird of the total investment units sold. Investors can review such information at The Fund may invest in investment units of other mutual funds under the same management not more than 20% of the NAV. This may cause a conflict of interest from such investment policy. B-FUTURE 3

4 Risk Level of the Mutual Funds Note : The Fund has a net exposure in foreign equities, averaged in an accounting year not less than 80% of the NAV. Major Risk Factors Market Risk Standard Deviation <5% 5-10% 10-15% 15-25% >25% Low High Currency Risk Hedging (fx) Fully/ Almost Fully Partly Discretionary No Hedging Low High High Issuer suer Concentration Risk Issuer Concentration <10% 10-20% 20-50% 50-80% >80% Click to see Explanation on Risk Factors Low High B-FUTURE 4

5 Portfolio of the Fund % of NAV Semicond. & Semicond. Equipments 19.70% Interactive Media & Services 10.50% Others % Transportation & Logistics 1.00% Investment Units of Allianz Global Investors Global Artificial Intelligence 45.62% Software 28.10% Liquidity 1.40% Others 9.50% Thrifts & Mortgage Finance 2.40% Machinery 2.60% Communications Equipments 2.70% IT Services 9.90% Electr. Equipments., Instr. & Comp. 5.50% Internet & Direct Marketing Retail 3.90% Entertainment 3.60% Fashion 1.17% Foods & Beverage 1.38% Commerce 2.24% Investment Units of Fidelity Funds China Consumer Fund 31.54% Communication Services 25.80% Financials 17.20% Consumer Staples 9.20% Consumer Discretionary 29.00% Information Technology 4.40% Health Care 3.60% Real Estate 2.40% Top 5 holding assets Materials 0.30% Utilities 0.50% % of NAV 1. Investment Units of Allianz Global Investors Global Artificial Intelligence Investment Units of Fidelity Funds China Consumer Fund Bonds : BOT Common Shares (Japan) : Fast Retaling Co., Ltd Common Shares (Hong Kong) : Health and Happiness H&H International Holdings Ltd. Note : Information as of 31 December You can view latest information at Industrials 1.30% B-FUTURE 5

6 Fees * Fees affect the t returns to the investors, thus, investors should consider such fees before investing. * Fees Charged to the Fund (% of NAV per year) Not more than 3.21 Actual Fees % of NAV per year Not more than 2.14 Not more than Not more than Not more than Note : Such Fees include VAT, special business tax or other taxes. - In case B-FUTURE (the Initial Fund) invests in investment units of mutual funds under the same management (the Destination Fund), the Management Company shall not charge the management fee duplicate with the Destination Fund. For example, the Initial Fund has net asset value of 1,000 million Baht and invest 100 million Baht in the Destination Fund, the Management Company shall charge the management fee from (1) 900 million Baht at the rate determined by the Initial Fund (2) 100 million Baht at the rate determined by the Destination Fund. - Trustee Fee includes overseas custodian fees. B-FUTURE 6

7 Fees Charged to the Unitholders (% of unit value) Item Not more than Actual 2018 Front-end Fee Not more than Back-end Fee None None Switching Fee 3 In case is the Initial Fund Equal to Back-end Fee None In case is the Destination Fund Equal to Front-end Fee Not more than 1.00 Transfer Fee 50 baht per 1,000 units or fractions of 1,000 units 50 baht per 1,000 units or fractions of 1,000 units Note : Such Fees include VAT, special business tax or other taxes. 1 In case B-FUTURE (the Initial Fund) invests in investment units of mutual funds under the same management (the Destination Fund), the Management Company shall not charge the front-end fee duplicate with the Destination Fund. 2 The Management Company will charge the front-end fee at the rate not more than 1.00%. The Management Company may charge investors at different rate of the front-end fee as follows: (1) The Management Company will waive the fee for the Provident Fund and/or the Private Fund under the management of BBLAM. (2) The Management Company will charge the fee at the rate 50% of the actual fee for the investors who have invested at equal or more than 50 million baht per transaction. (3) The Management Company will charge the fee at the rate 100% of the actual fee for investors are not specified as 1) and 2). The Management Company reserves the right to amend, cancel or make additions to such fees later which will inform investors through and post the announcement at the office of the selling agents. 3 Switching: the redemption price of the initial fund and the selling price of the destination fund include the front-end fee or the back-end fee calculated in each price. B-FUTURE 7

8 Performance * Past performance is not guarantee future results. * 1. Benchmark : MSCI All Country World Daily Total Return Net Index in USD adjusted by the exchange rate to calculate the returns in Baht as of the date of calculation. 2. Annual Performance % of NAV per year 0.00% -2.00% -4.00% -6.00% -8.00% % % % % % % * B-FUTURE has been registered on. 3. Maximum drawdown (since inception) : % 4. Standard deviation of the fund performance (since inception) : 17.18% per year 5. AIMC Category for Peer Group Fund Performance : Global Equity 6. Cumulative Performance 2018 * 1 B-FUTURE Benchmark Note : 1 B-FUTURE has been registered on. Information as of 28 December You can view latest information at B-FUTURE 8

9 Dividend Payment Policy Other information At least 1 time/year or as per the Management Company s discretion. The dividend paid not more than 100% from retained earnings or net profit or increasing in net operation assets. Siam Commercial Bank Public Company Limited Trustee Registration Date Fund Maturity Indefinite Fund Size 5,000 Million Baht Subscription and a Redemption Subscription of Investment Units Every trading day of the Fund 1 BBLAM/ Selling Agents/ : hrs. Dollar Cost Averaging 2 Bualuang ibanking/ Bualuang mbanking/ ATM/ Bualuang Phone Minimum first purchase Minimum subsequent purchases : hrs. : 500 Baht : 500 Baht Redemption of Investment Units Every trading day of the Fund 1 BBLAM/ Selling Agents : hrs. Bualuang ibanking/ Bualuang : hrs. mbanking/ ATM/ Bualuang Phone Minimum redemption amount : None Minimum outstanding amount : None Receipt of redemption money : Within 5 business days from the date following the date of redemption Date of calculation of NAV : T+2 (T=Trading Day) Note 1 Trading Days of the Fund shown at the end of the Factsheet. Click to see Trading Days 2 Transaction via BBL branches and BLA. Investor can view the NAV from the following sources: Announcements at the BBLAM s office or the offices of the selling agents. Krungthep Thurakit Newspaper, Manager Newspaper Bualuang Phone Tel BBLAM Tel press 8 or NAV Center at B-FUTURE 9

10 Fund Manager Fund Manager Mr. Peerapong Jirasevijinda Miss Sudarat Tippayatordtana Mrs. Atikarn Bhanijkasem Miss Dusadee Pupatana Miss Priyanuch Klongkumnuankarn Miss Chanikarn Leelathammarat Miss Rungnapa Satiannukul Mr. Jeff Suteesopon Miss Arunee Sillapakarnprakit Miss Sirarat Arunjit Miss Wanalee Treesamphan Portfolio Turnover Ratio (PTR) 0.12 Selling Agents Inquiry/ Receiving Prospectus/ Launching Complaints Click to see PTR explanation Date of Fund Management Bangkok Bank Public Company Limited Tel.1333 Bualuang Securities Public Company Limited Tel or Bangkok Life Assurance Public Company Limited Tel Capital Nomura Securities Public Company Limited Tel Asia Plus Securities Company Limited Tel Phillip Securities (Thailand) Public Company Limited Tel Phatra Securities Public Company Limited Tel DBS Vickers Securities (Thailand) Company Limited Tel BBL Asset Management Co., Ltd. 175 Sathorn City Tower, 7 th, 21 st and 26 th Flr., South Sathorn Road, Thungmahamek, Sathorn, Bangkok Tel: Website: crm@bblam.co.th B-FUTURE 10

11 Transactions that could lead to Conflict of Interest The Fund may invest in investment units of mutual funds under the same management not more than 20% of the NAV. The Management Company will take precautions to ensure that all conflict of interests from such investment policy are mitigated for the maximum benefits of the Unitholders of both Initial and Destination Fund. You can check the transactions that could lead to conflict of interest at Investing in Investment Units is not a money deposit, it is not under the protection of the Deposit Protection Agency and involves risk which investors may not receive the full initial investment amount. Approved for establishment and under the supervision of the Office of the SEC The information in this Prospectus shall not be considered that the Office of the SEC certifies the accuracy of the information in the Prospectus or guarantees the price or the return on the Investment Units being offered. However, the Management Company has carefully reviewed the information in the Summary Prospectus as at 31 December 2018 as the responsible person for the management of the Fund and hereby certifies that such information is accurate, not false and not misleading. B-FUTURE 11

12 More Explanation Risk Factors Market Risk means the risk that the values of securities which the Fund has invested may increase or decrease due to outside factors such as economic or investment situations, political factors both internally and internationally which could be considered from the Standard Deviation (SD) of the Fund. If the Fund has a high SD, it is an indicator that the Fund has high a fluctuation from the changes in the prices of securities. Currency Risk means that the changes in the foreign exchange rate have an impact on the value of the Investment Units. For example, if the Fund invests in USD during the time when the Baht is weak but sells the securities when the Baht is strong, the Fund will receive lesser Baht. On the other hand, if the Fund invests when the Baht is strong and sells the securities when the Baht is weak, it may receive higher returns. Therefore, hedging is an important tool in managing such risk which will be used at the discretion of the Fund Managers: investors may be exposed to the Currency Risk since the Fund Managers will decide whether to use hedging or not. High Issuer Concentration Risk means the risk determined by concentrated investment in instruments of any issuer, counterparty or other obligated person of such instrument or contract more than 10% of the NAV. Portfolio Turnover Ratio (PTR) is calculated from the lower amount between sums of value of buying and selling assets of the Fund in an accounting period divided by averaged net asset value in the same accounting period. It is beneficial for the investors to acknowledge about trading values and the Fund s strategy. In example, the passive fund shall have low PTR, while the active fund shall have high PTR. Assets that are used in calculating PTR shall have liquidity for investment such as equity, bonds etc. B-FUTURE 12

13 Key Features of CIS Units Fund Name Allianz Global Investors Global Artificial Intelligence Inception Date 31 March 2017 Type of Fund Equity Fund Fund Maturity Indefinite Investment Policy Investing in the global equity markets of companies whose business will benefit from/or is currently related to the evolution of artificial intelligence. Fund Manager Allianz Global Investors Asia Pacific Limited Website Past Performance (%) Ytd. 1M 3M 6M 1Yr. Since Inception Fund Source: Allianz Global Investors as of 31 December 2018 Fund Name Fidelity Funds - China Consumer Fund Inception Date 23 February 2011 Type of Fund Equity Fund Fund Maturity Indefinite Investment Policy Investing in the shares of companies having their head office or a main part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China. Benchmark MSCI China Index Fund Manager FIL Investment Management (Luxembourg) S.A. Past Performance (%) ( Ytd. 1M 3M 1Yr. 3Yrs. 5Yrs. Since Inception Fund Benchmark Source: Fidelity International as of 31 December 2018 B-FUTURE 13

14 Trading Day in 2019 = Official holidays of the Fund Note : Since there may be changes to the Trading days of the Fund, investors can enquire the updated Trading Days of the Fund at the office of the Management Company or the Selling Agents or visit - Fund Data. B-FUTURE 14