Third Supplementary Prospectus dated 5 April 2010 to the Singapore Prospectus registered on 20 November 2009 FORTIS L FUND (the “Company”) THIRD SUPPLEMENTARY PROSPECTUS LODGED PURSUANT TO SECTION 298 OF THE SECURITIES AND FUTURES ACT (CHAPTER 289) A copy of this Third Supplementary Prospectus has been lodged with the Monetary Authority of Singapore who takes no responsibility for its contents. This Third Supplementary Prospectus is supplemental to the Singapore Prospectus registered by the Monetary Authority of Singapore on 20 November 2009 as supplemented by a First Supplementary Prospectus lodged on 20 January 2010 and a Second Supplementary Prospectus lodged on 17 March 2010 (together known as the “Singapore Prospectus”) and issued pursuant to Division 2 of Part XIII of the Securities and Futures Act (Chapter 289) relating to the Company. This Third Supplementary Prospectus shall be read and construed in conjunction with and as one document with the Singapore Prospectus. Terms defined and references construed in the Singapore Prospectus shall have the same meaning and construction ascribed to them in this Third Supplementary Prospectus. This Third Supplementary Prospectus sets out the amendments required to be made to the Singapore Prospectus to reflect the changes in the details of the investment managers as follows:- (1) the change of the Singapore Representative from Fortis Investment Management Singapore Limited to BNP Paribas Asset Management Singapore Limited with effect from 1 May 2010; (2) the merger of Neuflize OBC Asset Management (NOAM) S.A. with its sister company, Asset Allocation Advisors and the consequent change of name to Neuflize OBC Investissement with effect from 1 April 2010; (3) the change of name of Fortis Investment Management Netherlands N.V. to BNP Paribas Investment Partners Netherlands N.V. with effect from 6 April 2010; (4) the change of name of Fortis Investment Management France SA to BNP Paribas Asset Management SAS following a merger of the two entities with effect from 3 May 2010; and (5) the change of the telephone number of the Singapore Representative with immediate effect :- In connection with the foregoing, the Singapore Prospectus shall be amended as follows:- 1. Directory of the Singapore Prospectus By deleting the section “Singapore Representative” from the Directory of the Singapore Prospectus and replacing it with the following, with immediate effect:- Singapore Representative Fortis Investment Management Singapore Limited (up to 30 April 2010) BNP Paribas Asset Management Singapore Limited (as from 1 May 2010) Registered Office 20 Collyer Quay #01-01 Tung Centre Singapore 049319
Transcript
Third Supplementary Prospectus dated 5 April 2010
to the Singapore Prospectus registered on 20 November 2009
FORTIS L FUND (the “Company”)
THIRD SUPPLEMENTARY PROSPECTUS LODGED PURSUANT TO SECTION 298 OF THE SECURITIES AND FUTURES ACT (CHAPTER 289)
A copy of this Third Supplementary Prospectus has been lodged with the Monetary Authority of Singapore who takes no responsibility for its contents. This Third Supplementary Prospectus is supplemental to the Singapore Prospectus registered by the Monetary Authority of Singapore on 20 November 2009 as supplemented by a First Supplementary Prospectus lodged on 20 January 2010 and a Second Supplementary Prospectus lodged on 17 March 2010 (together known as the “Singapore Prospectus”) and issued pursuant to Division 2 of Part XIII of the Securities and Futures Act (Chapter 289) relating to the Company. This Third Supplementary Prospectus shall be read and construed in conjunction with and as one document with the Singapore Prospectus. Terms defined and references construed in the Singapore Prospectus shall have the same meaning and construction ascribed to them in this Third Supplementary Prospectus. This Third Supplementary Prospectus sets out the amendments required to be made to the Singapore Prospectus to reflect the changes in the details of the investment managers as follows:- (1) the change of the Singapore Representative from Fortis Investment Management Singapore Limited to BNP Paribas Asset Management Singapore Limited with effect from 1 May 2010; (2) the merger of Neuflize OBC Asset Management (NOAM) S.A. with its sister company, Asset Allocation Advisors and the consequent change of name to Neuflize OBC Investissement with effect from 1 April 2010; (3) the change of name of Fortis Investment Management Netherlands N.V. to BNP Paribas Investment Partners Netherlands N.V. with effect from 6 April 2010; (4) the change of name of Fortis Investment Management France SA to BNP Paribas Asset Management SAS following a merger of the two entities with effect from 3 May 2010; and (5) the change of the telephone number of the Singapore Representative with immediate effect :- In connection with the foregoing, the Singapore Prospectus shall be amended as follows:- 1. Directory of the Singapore Prospectus By deleting the section “Singapore Representative” from the Directory of the Singapore
Prospectus and replacing it with the following, with immediate effect:-
Singapore Representative
Fortis Investment Management Singapore Limited (up to 30 April 2010)
BNP Paribas Asset Management Singapore Limited (as from 1 May 2010)
Registered Office 20 Collyer Quay
#01-01 Tung Centre Singapore 049319
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Business Office 16 Collyer Quay
#32-01 Hitachi Tower Singapore 049318
2. Section 1.5 of the Singapore Prospectus
By deleting Section 1.5 of the Singapore Prospectus and replacing it with the following, with immediate effect :-
“The Articles of Association
The Articles of Association of the Company have been filed with the Registrar of the District Court of Luxembourg and a copy may be inspected by contacting the Singapore Representative at 16 Collyer Quay, #32-01 Hitachi Tower, Singapore 049318 during normal business hours.”
3. Section 1.6 of the Singapore Prospectus
By deleting Section 1.6 of the Singapore Prospectus and replacing it with the following, with immediate effect:-
“Latest semi-annual reports and audited financial statements
The latest audited financial statements and semi-annual reports may be obtained from the Singapore Representative at 16 Collyer Quay, #32-01 Hitachi Tower, Singapore 049318.”
4. Section 2.3 of the Singapore Prospectus
By deleting Section 2.3 of the Singapore Prospectus in its entirety and replacing it with the following, with effect from 6 April 2010:-
Investment Managers for the Subfunds
The Management Company has delegated the investment management functions to various Investment Managers. The exercise of these functions is subject to the overall supervision of the Board of Directors. For this purpose, the Investment Managers present periodic reports to the Board of Directors. The Management Company monitors the activities of the Investment Managers and may impose limitations, give additional instructions or summarily withdraw any and all responsibilities delegated if it believes that doing so is in the best interests of investors. Any delegation of duty does not vary the Management Company’s liability towards the Company.
The following Investment Managers have been delegated investment management functions for the following subfunds with the permission of the Company:-
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Fortis L Fund Subfund Investment Managers
Year
Investment Manager started
managing funds
Opportunities World
BNP Paribas Investment Partners Belgium S.A. (formerly known as Fortis Investment Management Belgium S.A.) and others. Please refer to the note at the end of this table for more details. Avenue de l’Astronomie, 14, 1210 Brussels, Belgium
2006
Bond Best Selection
World Emerging Bond Convertible Asia Bond Corporate Euro Bond Corporate World
Emerging Bond Euro Bond Europe
Emerging Bond Government
Euro Bond Inflation-linked
World Bond USD Bond World Emerging Bond World Emerging
Local Currency World Equity Europe
Emerging Equity Growth Europe Equity Russia Equity Small Caps
Europe Equity Turkey Global Asset
Opportunities Opportunities World Short Term Euro V350
Fortis Investment Management UK Ltd 82 Bishopsgate London EC2N 4BN United Kingdom
1970
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Fortis L Fund Subfund Investment Managers
Year
Investment Manager started
managing funds
Equity Germany Equity SRI World Green Future Green Tigers
BNP Paribas Investment Partners Belgium S.A. Zweigniederlassung Deutschland (formerly known as Fortis Investment Management Belgium S.A., Germany Branch) Ulmenstrasse 23-25 D-60325 Frankfurt am Main Germany
2006
Bond Convertible World
Equity Best Selection Europe
Equity Europe
Fortis Investment Management France SA (to merge with and be known as BNP Paribas Asset Management SAS with effect from 3 May 2010) 23, rue de l’Amiral d’Estaing F - 75209 Paris, France
1986
Equity Asia Emerging Equity Asia ex-Japan Equity Best Selection
Asia ex-Japan Equity China Equity High Dividend
Pacific Equity India Equity Indonesia
BNP Paribas Investment Partners Asia Ltd (formerly known as ABN AMRO Asset Management (Asia) Ltd) 43/F Cheung Kong Centre 2 Queen’s Road, Central Hong Kong
1991
Equity Best Selection
USA Equity Best Selection
World Equity Brazil Equity Consumer
Durables World Equity Consumer
Goods World Equity Energy World
Fortis Investment Management USA, Inc. 75 State Street Boston Massachusetts 02109 USA
1979
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Fortis L Fund Subfund Investment Managers
Year
Investment Manager started
managing funds
Equity Finance World Equity Growth USA Equity Health Care
World Equity Industrials
World Equity Latin America Equity Materials
World Equity Middle East
and Africa Equity Technology
World Equity Telecom
World Equity Utilities World Equity World
Emerging Opportunities World Short Term USD
Commodity World Equity High Dividend
Europe OBAM Equity World Opportunities World
BNP Paribas Investment Partners Netherlands N.V. (formerly known as Fortis Investment Management Netherlands N.V.) De Entree 99, NL-1101 HE Amsterdam ZO, The Netherlands
1982
Equity Japan Equity Small Caps
Japan Opportunities World
Fortis Investment Management Japan Co Ltd. Yamato Life Building 23F 1-5-7 Uchisaiwaicho Chiyoda-ku 100-0011 Tokyo Japan
1992
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Fortis L Fund Subfund Investment Managers
Year
Investment Manager started
managing funds
Bond Asia ex-Japan Opportunities World Real Estate
Neuflize OBC Investissement (with effect from 1 April 2010, following a merger between Neuflize OBC Asset Management (NOAM) S.A. and Asset Allocation Advisors) 3 Avenue Hoche, F-75008 Paris France
1997
Opportunities USA
Neuflize Private Assets (NPA) S.A. 3 Avenue Hoche, F-75008 Paris France
1997
Equity High Dividend USA
River Road Asset Management LLC 462 South Fourth Street, Suite 1600 Louisville, Kentucky 40202-3466 USA
BNP Paribas Investment Partners Asia Ltd (formerly known as ABN AMRO Asset Management (Asia) Ltd)
1991
River Road Asset Management LLC
2005
Bond High Yield World
Fortis Investment Management USA, Inc.
1979
Fortis Investment Management UK Ltd
1970
Bond Europe Plus Bond World
Fortis Investment Management UK Ltd 1970
Fortis Investment Management USA, Inc.
1979
Real Estate Securities World
Fortis Investment Management USA, Inc 1979
BNP Paribas Investment Partners Netherlands N.V. (formerly known as Fortis Investment Management Netherlands N.V.)
1982
Fortis Investment Management Singapore Ltd.
1997
Note on Opportunities World Subfund With respect to the Opportunities World subfund, investors may wish to note that the Management Company has delegated the investment management functions to different Investment Managers whose management duties are divided according to the type of assets managed, namely, Fortis Investments USA Inc., for management of assets invested in world and U.S. equities; Fortis Investment Management UK Ltd, for management of assets invested in emerging debt securities and corporate high yield debts denominated in euros; BNP
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Paribas Investment Partners Netherlands N.V. (formerly known as Fortis Investment Management Netherlands N.V.) for management of assets invested in real estate (Europe); Fortis Investment Management Singapore Ltd, for management of assets invested in real estate (Asia Pacific); Fortis Investment Management Japan Ltd, for management of assets invested in equity of Japanese companies and BNP Paribas Investment Partners Belgium S.A. (formerly known as Fortis Investment Management Belgium S.A.) for management of all other assets not entrusted to any other Investment Managers. The subfund is not a fund of funds and its allocation and split over different assets classes is flexible. Based on the current asset allocation, Fortis Investments USA Inc. is submanaging a substantial portion of the assets of the subfund, i.e. about 45%, followed by BNP Paribas Investment Partners Belgium S.A. (formerly known as Fortis Investment Management Belgium S.A.) which is submanaging about 35% of the assets of the subfund.
5. Section 2.4 of the Singapore Prospectus
By deleting the first paragraph of Section 2.4 of the Singapore Prospectus and replacing it with the following, with immediate effect:- “The Company has appointed Fortis Investment Management Singapore Limited (up to 30 April 2010) and BNP Paribas Asset Management Singapore Limited (as from 1 May 2010) whose registered address is at 20 Collyer Quay, #01-01 Tung Centre, Singapore 049319 and business address is at 16 Collyer Quay, #32-01 Hitachi Tower, Singapore 049318, as the representative of the Company in Singapore (the “Singapore Representative”) to accept service of process on behalf of the Company.”
6. Section 16 of the Singapore Prospectus By deleting the text of Section 16 of the Singapore Prospectus and replacing it with the
following, with immediate effect:- “Investors may contact the Singapore Representative at telephone number +65-62103999 to
raise any queries regarding the Company or the subfunds of the Company.”
