NESTOR Investment Management S.A.
3, rue Gabriel Lippmann L-5365 Munsbach
R.C. S. Luxembourg B 45.832
LRI Invest S.A.
9A, rue Gabriel Lippmann L-5365 Munsbach
R.C.S. Luxembourg B 28.101
NOTE: This is a notice which must be sent to the unitholders without delay within the meaning of Section 298 (2) KAGB.
DKO funds (Umbrella) DKO-Aktien Global (DF) | NESTOR funds (Umbrella) NESTOR Far East funds |
NESTOR Investment Management S.A., the current Management Company of the above-mentioned umbrella funds, which as fonds commun de placement à compartiments multiples are subject to the provisions of Part I of the Law of 17 December 2010 on Undertakings for Collective Investment, has - subject to the approval of the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier ("CSSF") - revised the sales documents of the funds and informs the investors of the above-mentioned sub-funds about the following changes, which will be disclosed in the respective sales prospectus as of 1 January 2021:
1. change of the management company
LRI Invest S.A., which previously acted as the central administration agent for the funds, will in future manage both funds as the management company:
Previously: NESTOR Investment Management S.A., 3, rue Gabriel Lippmann, L-5365 Munsbach.
In the future: LRI Invest S.A., 9A, rue Gabriel Lippmann, L-5365 Munsbach.
2. change of the Central Administration Agent and the Registrar and Transfer Agent
The activity of the Central Administration Agent is transferred to Apex Fund Services S.A.:
Previously: LRI Invest S.A., 9A, rue Gabriel Lippmann, L-5365 Munsbach.
In future: Apex Fund Services S.A., 3, rue Gabriel Lippmann, L-5365 Munsbach.
The activity of Registrar and Transfer Agent is transferred to Apex Fund Services S.A.:
Previously: European Depositary Bank SA, 3, rue Gabriel Lippmann, L-5365 Munsbach.
In future: Apex Fund Services S.A., 3, rue Gabriel Lippmann, L-5365 Munsbach.
3. Clarification of the notation of the comparative indices
The comparative indices of the sub-funds have been specified with regard to their names.
4. modification of the fees
For all NESTOR sub-funds, with the exception of the sub-fund NESTOR Africa funds (i. L.), which is in liquidation, the following change is made to the fee structure:
Type of remuneration | Remuneration in the past | Remuneration in the future |
Management fee (including central administration fee and fee for the and remuneration of the Information Agent in Germany)* | Unit Class B: 1,40% p.a. Unit Class V: 1,00% p.a. | Unit Class B: 1,20% p.a. Unit Class V: 0,80% p.a. |
A minimum management fee of EUR 30,000 p.a. applies to the sub-funds.
The following changes will be made to the fee structure for all DKO sub-funds:
Type of remuneration | Remuneration in the past | Remuneration in the future |
Management fee (including central administration fee and fee for the and remuneration of the Information Agent in Germany)* | up to 0,35% p.a | up to 0,3% p.a. |
A minimum management fee of EUR 30,000 p.a. applies to the sub-funds.
The remuneration of the Depositary and the Registrar and Transfer Agent will be reported separately in future:
Type of remuneration | Remuneration in the past | Remuneration in the future |
Depositary fee* | 0,10% p.a. | 0,08% p.a. |
Registrar and Transfer Agent fee* | 0,02 % p.a. |
For all sub-funds, the minimum depositary fee is EUR 7,500 p.a.
* in % of the net sub-fund assets
5. Other necessary updates
Furthermore, editorial adjustments have been made.
If unitholders do not agree with the changes, they have the right to redeem their respective units free of charge at the Management Company, the Depositary and at any Paying Agent until 2:00 p.m. (Luxembourg time) on 30 December 2020.
The current Prospectus of both Umbrella Funds, including the respective Management Regulations, the Key Investor Information Document as well as the annual and semi-annual reports are available free of charge at the registered office of the Management Company, at the Depositary as well as at all Paying Agents.
Munsbach, 30 November 2020
NESTOR Investment Management S.A.
LRI Invest S.A.