Nikko AM – Global Dividend Equity Fund Shareholder Notice

Shareholder Notification

The manager of the Fund wish to inform you the following:

(1) Appointment of Nikko Asset Management Americas, Inc. for Global Equities Trading

We, as the managers of the Fund, wish to inform you that with effect from 23 April 2019, Nikko Asset Management Europe Ltd (the “Sub-Managers”) will be appointing Nikko Asset Management Americas, Inc. (“NAM Americas”) to carry out global equities trading for the Fund during business contingencies. For the avoidance of doubt, the Sub-Managers will continue to maintain full responsibility for all trade order handling and NAM Americas will only execute global equities trades upon instructions from the Sub-Managers. The fees charged by NAM Americas to carry out global equities trading for the Fund will not be paid out of the assets of the Fund.

(2) Change to Monthly Distribution Rate

Currently, the Managers may make monthly distributions of between 3% to 7% per annum of the net asset value (“NAV”) per unit of each of the Class SGD, Class SGD Hedged (Dist), Class USD (Dist), Class CNH Hedged (Dist) and Class CNH (collectively, the “Classes”) of the Fund. We wish to inform you that with effect from 1 July 2019, the Managers will change the distribution policy of the Classes such that the Managers may instead make monthly distributions of between 5% to 7% per annum of the NAV per unit1 of each of the Classes.

The abovementioned changes will be reflected in an updated prospectus for the Fund (the “Prospectus”) to be registered by the Monetary Authority of Singapore (the “Authority”) on or around 23 April 2019.

 

Fund ISIN
Nikko AM Global Dividend Equity Fund CNH Hedged (Dist) Class SG9999011191
Nikko AM Global Dividend Equity Fund SGD Hedged (Acc) Class SG9999003800
Nikko AM Global Dividend Equity Fund SGD Hedged (Dist) Class SG9999011175
Nikko AM Global Dividend Equity Fund USD (Acc) Class SG9999003909

For more details, please refer to the shareholder notification letter.

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