Change in the name and the Rules of CF DSK Alternative 1
By Resolution dated 09.05.2023. The Deputy Chairman of the Financial Supervision Commission, in charge of the Investment Supervision Department, has approved changes to the rules of CF DSK Alternative 1 effective 09.07.2023. Effective from this date, the name of the Fund shall be changed to DSK Conservative Fund.The changes to the Fund's rules relate to the following:
1. 1. the removal of the restriction on the range of investors who may purchase unites of the Fund
The restriction that only individuals may subscribe for units of the Fund is removed.
All investors (natural or legal persons, domestic or foreign) will now be able to acquire units of the Fund.
2. Change in the Fund's investment objectives, strategy and policy
The Fund will invest predominantly in debt and, to a lesser extent, equity financial instruments.
The Fund's investment strategy will provide for the realization of current income primarily from debt securities and other fixed income instruments and to a lesser extent capital gains on securities, dividend income/equity income. To achieve the investment objectives, a strategy of active management of its portfolio of financial instruments and cash will be applied.
3. Change in the risk profile of the Fund
The risk profile of the Fund will change from "low" to "low to moderate" risk.
The possible higher risk of the Fund is based on the added opportunity to invest in equity securities, which are traditionally associated with higher risk than debt financial instruments. At the same time, the bulk of the Fund's assets will continue to be invested primarily in lower risk debt instruments.
4. Change in the Management Company's remuneration
The Management Company's remuneration is increased from 1.00 per cent. to 1.25 per cent. of the average annual net asset value of the Fund, while the Management Company remains free to waive part of this remuneration.
5. Change in the minimum investment amount
The minimum value of Units that an investor will be able to purchase in a single transaction, both on initial investment and on each subsequent increase, is changed from BGN 500 (five hundred) to BGN 100 (one hundred). The minimum value of units that the investor will be able to sell back to the Fund in one transaction is BGN 100 (one hundred).
The amendments to the Rules of the Fund shall come into force on 09.07.2023.
The approved Rules of the Fund, as well as the updated Prospectus and Key Information Document (effective from 09.07.2023), can be found on the website of DSK Asset Management AD https://dskam.bg/.
This announcement is for information purposes only and does not constitute investment advice, advice, investment recommendation or investment research. The value of the Units and the income from the Units may decline, a profit is not guaranteed and investors bear the risk of not recovering their investment in full. Please read the Prospectus and the Fund's Key Information Document before making a final investment decision. The documents are in Bulgarian and are available on the website of DSK Asset Management AD https://dskam.bg/, and can be obtained free of charge on paper upon request at the office of the Management Company or at the offices of DSK Bank AD designated as a distribution point, every business day during business hours. Investors can obtain a summary of their rights in Bulgarian at the following hyperlink: https://dskam.bg/docs/librariesprovider3/dskam/documents/unitholders-rights.pdf.