From 1 January 2018, the following amendments are made to the Cyril Systematic prospectus:
- Reduction in the management fees in 2 of the share classes (class I reduced from 2% to 1.5% and class P reduced from 3% to 2.4%)
- Removal of the share class IX (no investors)
- Division of the NAV of share class P by a factor of 30.
- The maximum total amount that Cyril Systematic is permitted to invest in other UCITS funds is reduced from 20% to 10%.