KBC Renta
Société d’Investissement à Capital Variable (Sicav – Open-ended Investment Company)
80, Route d‘Esch
L-1470 Luxembourg
R.C.S. Luxembourg Trade Register No. B 23.669
Notice to shareholders
Dear Shareholder,
We hereby inform you that, on 14 October 2024 (the “Effective Date”), the prospectus of KBC Renta will be amended to reflect the changes described below.
Clarifying the description of research fee
The description of research fee in section 20.1 of the prospectus is amended to clarify that the research fee is charged only for sub-funds that invest directly in bonds or debt securities. Also, we removed the sentence indicating that if the actual cost of research includes a percentage lower than the percentage indicated, the Management Company will only receive this lower amount. This is because the fee charged in a current year does not correspond one-on-one with the actual cost of that same year. In practice, the cost that is charged in a current year is calculated based on the actual cost of the past year. There is no change to how the research fee is being currently charged to the relevant sub-funds.Removal of entry fee in favour of distributor for Institutional Shares and Institutional B Shares
For all Institutional Shares and Institutional B Shares, the entry fee in favour of the distributor is removed, insofar as this was not already the case. The entry fee in favour of the distributor is not effectively charged for Institutional Shares and Institutional B Shares.Removal of exit fee in favour of sub-fund
The general exit fee of 1% in favour of the sub-fund, as mentioned in section 17 of the prospectus, is removed since it is not charged effectively. If an exit fee applies, it will be indicated in the share class specific part of the prospectus.Clarification and harmonisation of entry,exit and conversion costs’ disclosures
The existing entry,exit and conversion fees’ disclosures are clarified and harmonised by inserting a dedicated table for entry,exit and conversion costs in each share class specific part of the prospectus. This update does not result in any change of entry, exit or conversion fees charged to the shareholders.
These changes will have no impact on how the sub-funds are currently being managed.
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The prospectus and, if relevant, the key information documents (KIDs) will be accordingly updated to reflect the above changes on or around the Effective Date and will be available free of charge from the institutions providing the financial service or at www.kbc.be/investment-legal-documents. In Austria, these documents are available free of charge in English respectively German (Key Information Documents) from Erste Bank der oesterreichischen Sparkasse AG, Am Belvedere 1, A-1100 Wien.
The Board of Directors
Luxembourg, 14 October 2024