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SCB Asset Management Company Limited (SCBAM) would like to notify unitholders that SCBAM has obtained the approval from the Securities and Exchange Commission (the SEC Office) on April 3, 2020 to change the master fund of SCBUSSMFUND as the existing master fund has been underperforming its benchmark which consequently affect SCBUSSMFUND performance and the benefits of unitholders. In addition, will change payment date for redemption and switching out date to the destination fund. The details are listed per below.
| Details | Existing | New |
| Master fund name | U.S. Small Companies Fund share class “Accumulation” | Granahan US Focused Growth share class “A Accumulation” |
| Inception date | 22/09/2004 | 11/04/2014 |
| Benchmark | Russell 2000 Index | Russell 2000 Growth Total Return Index |
| Investment Strategy |
Active management
- Invests in small cap companies located in the United States
- Model tilts to value factors
|
Active management
- Invests in small cap companies located in the United States
- Bottom-up stock selection for both quantitative and qualitative analysis
|
| Number of Holdings | More than 1,000 names | +/- 40 names |
|
Payment date for redemption |
Within 4 days from the transaction date |
Within 6 days from the transaction date |
| Switching out date (In case SCBUSSMFUND is the source Fund.) |
Within 3 days from the transaction date | Within 5 days from the transaction date |
This will be effective from April 20, 2020 onwards.
Please be informed accordingly.
Announced on April 3, 2020
SCB Asset Management Co., Ltd.,
SCB LOW VOLATILITY EQUITY FUND (Dividend)
SCB LOW VOLATILITY EQUITY FUND
(Accumulation)
SCB Low Volatility Equity RMF
SCB Global Equity Absolute Return Fund (Accumulation)
SCB Mixed – Spicy Fund (Accumulation)
SCB Income Fund (Accumulation)
SCB Income Fund (Auto Redemption)
SCB Global Robotics Fund (Accumulation)
