Dear Investors and Fund Shareholders,
The updated versions of the Offering Materials and the Fund Constitution will come into effect on October 1, 2024.
Major modifications include:
1. The text is more reader-friendly throughout the document.
2. Risk Disclosure section is streamlined to be more understandable for investors.
3. Added Schedule II with calculation methodology for Fund NAV and fees.
4. Liquidity and Redemption sections are integrated into a single section.
5. Introduction of Subscription Fee of 1.5% effective October 1, 2024, that will only apply to new Units issued on or after that date. Subscription Fee does not apply to existing Units.
6. Management fee for new units will now only be charged after one year and onwards. This, together with the previous change, essentially means that new units will pay the first year management fee upfront.
7. Added an option for you to purchase Fund’s units in other currencies and/or in installments.
8. Fund can now invest into private debt.
Minor changes include:
9. Bank Home Credit is added as another bank that serves the Fund.
10. Added a clarification for the sources of exchange rates used in NAV valuation.
11. Change and Removal of Fund Manager are now integrated into a single section.
12. Country limit on Kazakhstan is increased to 100% of gross assets. Currency limit on KZT is increased to 50% of gross assets.
The changes are intended to benefit Shareholders and make the Fund's operations more transparent and fair.
No action is required on your part.
Documents are available on the Atlas Prime page
