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Message to the investors in KBC funds, excluding the responsible investing funds
30 May 2025
Horizon
IN.flanders Employment Fund
KBC Eco Fund
KBC Equity Fund
KBC Institutional Fund
KBC Master Fund
KBC Multi Interest
KBC Participation
KBC Select Immo
Optimum Fund
Perspective
Public open-ended investment companies (bevek) under Belgian law– UCI’s
Havenlaan 2, 1080 Brussels
Notice to shareholders
Pricos Defensive Responsible Investing
Pricos Responsible Investing
Pricos SRI
IN.Focus
Public open-ended collective investment funds under Belgian law– UCI’s
Havenlaan 2, 1080 Brussels
Notice to unitholders
We are pleased to inform you that the prospectus (of certain sub-funds) of the above-mentioned undertakings for collective investment will be updated on 18 August 2025.
Due to a change in the KBC Group Policy on Blacklisted companies referred to in the general exclusion policy for conventional and Responsible Investing funds of KBC Asset Management NV, the reference to nuclear weapons will be removed from the prospectus of the aforementioned funds. This will allow certain sub-funds of these funds, namely those not pursuing responsible investment objectives, to invest in companies involved in nuclear weapons as long as they are based in a member state of the North Atlantic Treaty Organisation, Austria, Switzerland or Ireland. This change is motivated by the fact that nuclear deterrence is considered essential for a credible European defence strategy in today's world. References to controversial weapons will by no means be removed. Investments in controversial weapons will therefore remain excluded.
The funds that do pursue responsible investment objectives will not be impacted, as an additional screening for nuclear weapons is applied to these funds, which will not allow investments in companies involved in nuclear weapons. The exclusion policy for Responsible Investing funds will be amended so that there are no textual contradictions between the wording of the exclusion policy for Responsible Investing funds and the general exclusion policy for conventional and Responsible Investing funds.
A full overview of the (sub-funds of) collective investment undertakings concerned can be found at www.kbc.be/investment-legal-documents.
Participants in the affected actively managed, non-structured sub-funds that do not pursue responsible investment objectives from collective investment undertakings who do not accept these changes may request the free redemption (subject to any applicable taxes) of their units from 30 May 2025 to 29 July 2025 inclusive (before the end of the order reception period as stated in the prospectus) via the counters of the institutions providing the financial service, namely KBC BANK NV and UBB. A full list of the relevant sub-funds of collective investment undertakings for which free redemption is provided can be found at www.kbc.be/investment-legal-documents.
The amended prospectus, the key information document and the latest financial reports will be available free of charge at the counters of the institutions providing the financial service, or at www.kbc.be, including in Dutch.
The Board of Directors of Fivest, Horizon, IN.Flanders Employment Fund, KBC Eco Fund, KBC Equity Fund, KBC Institutional Fund, KBC Master Fund, KBC Multi Interest, KBC Participation, KBC Select Immo, Optimum Fund, and Perspective
The Board of Directors of the Management Company of the public open-ended collective investment funds
