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Amendment of Cyril Systematic prospectus

  Posted on: 24/10/2018

John Locke Investments SA as fund manager of the above mentioned fund has amended the fund prospectus in relation to the performance fee calculation methodology . This change came into effect on October 1, 2018. The other provisions of the prospectus remain unchanged. This change does not require any action on your part, and it does not have any impact on the investment strategy or the risk / reward profile.

The updated prospectus is available here.

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%.