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Notice for Reduction of Fees

Unit holders of the Funds mentioned below are hereby notified that the Management Fee of these funds has been reduced and a variable Management Fee structure has been adopted. With regards to this change the Supplemental Offering Documents can be viewed at our website www.hblasset.com

The Offering Document of the Funds mentioned in table below have been amended, through Supplements to the Offering Documents, to reflect the changes.

The aforementioned amendments have been made with Trustees’ consent, followed by approval of the Securities and Exchange Commission of Pakistan (SECP).

These changes will be effective from January 15, 2018.

Fund Name Change in Offering Document
HBL MMF 10% of gross earnings with floor of 0.75% and cap of 1% of the average daily net assets of the scheme.
HBL IMMF 10% of gross earnings with floor of 0.75% and cap of 1% of the average daily net assets of the scheme.
HBL IF 12.5% of gross earnings with floor of 1.25% and cap of 1.50% of the average daily net assets of the scheme.
HBL GSF 12.5% of gross earnings with floor of 1.00% and cap of 1.25% of the average daily net assets of the scheme.

 

For details, please contact:

Retails Sales Support

HBL Asset Management

7th Floor, Emerald Tower, G-19, Block 5,

Main Clifton Road, Clifton, Karachi

www.hblasset.com | call 111-425-262

Karachi: May 26, 2017