Announcement
 
Erste Asset Management GmbH, Vienna, Republic of Austria,
acting through its branch office Erste Asset Management GmbH, Czech Republic branch office,, with registered office in Budějovická 1518/13a, Michle, 140 00 Prague 4, ID (Reg.) No. 04107128
 
announces that
 
On 19 May 2020 the Czech National Bank issued, under Section 529 (1) of Act No. 240/2013 Coll., on Investment Companies and Investment Funds, a decision on granting permission for a change to the statutes of the following standard equity mutual funds:
 
Fond řízených výnosů – open-ended mutual fund (decision Ref. No. 2020/061637/CNB/570),
SPOROTREND – open-ended mutual fund (decision Ref. No. 2020/061619/CNB/570),
STOCK SMALL CAPS – open-ended mutual fund (decision Ref. No. 2020/061616/CNB/570),
TOP STOCKS – open-ended mutual fund (decision Ref. No. 2020/061618/CNB/570).

The approving decisions of the Czech National Bank became final on 23 May 2020.

As well as the changes in the statutes of the above-mentioned standard mutual funds, the same changes come into effect in the statutes of special equity funds and equity funds of qualified investors that are not subject to the prior permission of the Czech National Bank:

MPF 10 - open-ended mutual fund,
MPF 30 - open-ended mutual fund,
UNIVERSUM - open-ended mutual fund,
IPF 10 - open-ended mutual fund,
IPF 25 - open-ended mutual fund,
IPF 35 - open-ended mutual fund.

The change to the statutes of the above listed mutual funds means that costs connected with the exercise of voting rights related to securities owned by the mutual fund are included among the costs covered from the assets of the mutual fund. A new paragraph 10 has been added for this purpose to Article XI Fees and Costs.

The change to the statutes does not alter the investment strategy or the risk profile of the mutual funds in any way. The effect on total costs of mutual funds should be insignificant.

Shareholders can become acquainted with the new version of the statutes of the above-mentioned mutual funds as of 25 May 2020 at the internet address https://www.erste-am.cz or at the internet address of the distributor (Česká spořitelna, a. s.) http://www.investicnicentrum.cz, at its branches and at the Headquarters of the branch office of the investment company Erste Asset Management GmbH, Czech Republic branch.
 
 
 
 
In Prague, on 25 May 2020