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