Prospectus (Abridged Version)
This offer document sets forth concisely the information about the Fund that a prospective investor ought to know before investing. This fooer
document should be read before making an application for the Unites and should be retained for future reference. Investing in the Qolac
(hereinafter the Fund) bear certain risks that investors should carefully consider before investing in the Fund. Investment in the capital market
and in the Fund bears certain risks that are normally associated with making investment in securities including loss of principal amount invested.
There can be no assurance that the Fund will achieve its Investment objective. The Fund value can be volatile and no assurance can be given that investors
will receive that amount will orginally invested. When investing in the Fund, investors should carefully consider the risk factors outlined
in the document.
The sponsor, Qolac Company or the Fund is not guaranteeing any returns.
Investing in the Qolac (hereinafter the Fund) involves certain risks normally associated with making investments in securities.
There can be no assurance that Fund will achive its investment objectives. The value of the Fund can fluctuate to increased or decreased level. On
redemption, there is no assurance that the investors will receive the amount originally invested. The Fund is suitable for investment by investors
who understand the risks involved and who are willing and able to survive the loss of their investments. In particular investors should consider
the following risks:
There is no assurance that the Fund will be able to meet its investment objectives and investors could potentially incores, including loss
of principal whwn investing in the Fund. Investment in the Fund in not guaranteed by any government agency. Mutual Funds and securities
investments are subject. As with any investment in securities, the Net Asset Value of the Fund may go up or down depending on the various
factors and forces affecting the capital markets. Investors should study this offer document carefully in its entirety before investing.
External Risk Factor
Pertormance of the Fund is substantially dependent on the macroeconomic situation and in the capital market of Bangladesh Political
and social instability may have an adverse effect on the value of the Fund's assets. Adverse natural climatic condition may impact
the performance of the Fund.
Bangladesh capital market is highly volatile and prices of other securities can fluctuate significantly.
The Fund may lose its valu or incur a sizable loss on its investments due to sucll market volatility.
Stock market trends indicate that prices of majority of all the listed securities move in unpredictable direction which may
affect the value of the Fund.
Due to the limited number of listed securities in both the stock exchanges (DSE and CSE), it may be different to
invest the Fund's assets in a widely diversified portfolio as and when required to do so. Due to bond market in
Bangladesh, it would be different for the Fund Manager to swap between asset classes, if and when required.
Despite careful investment selection of companies in the Fund, if the companies fail to
provide the expected dividend or fail to disburse dividends declared in a timely manner that will impact be the
income and the overall return of the Fund.
Underlying Liquidity Risk
For investing in Pre-Public Offer Placement securities i.e. in the unlisted equity securities by the Fund, may involve liquidity risk. In
addition, market conditions and investment allocation may have an impact on the ability to sell secutities during periods of market
volatility. While securities listed on the stock exchange carry lower liquidity risk, the ability to sell these investments is limited by the
overall trading volume on the stock exchanges and may lead to the Fund incurring lossses till the security is finally sold.
Investment Strategy Risk
Since the Fund will be an activity managed portfolio, the Fund is subject to management strategy risk. When making investmant
declsions for the Fund, there can be no guarentee that such precess and techniques will produce the desired outcome.
The Net Asset Value (NAV) of the Fund is expected to increase conseequent upon a fall in yield while it is supposed to fall with
a rise in the profit rate to the extent it is invested in Qolac and Mony Market securities. Also, zero coupon securities do not provide periodic
payments to the holders and hence these are more sensitive to changes in yeield level.
Chapter 1: Preliminary
1.1. Publication of Prospectus for Public Offering
Qolac, Ins. received registration certificate from the Bangladesh Securities & Exchange Commission under Securities & Exchange Commission Act,
made there under and also received consent for issuing prospectus for public offering. A complete copy of the prospectus is a available for public
inspection at Qolac, office.
1.2. Consent of the Bangladesh Securities and Exchange Commission
"APPROVAL OF BANGLADESH SECURITIES AND EXCHANGE COMISSION HAS BEEN OBTAINED TO THE ISSUE/OFFER OF THE
FUND UNDER THE SECURITIES AND EXCHANGE ORDINANCE, 1996; IT MUST BE DISTINCTLY UNDER STOOD THAT IN GIVING THIS APPROVAL THE COMMISSION DOES
NOT TAKE ANY RESPONSIBILITY FOR THE FINANCIAL SOUNDNESS OF THE FUND. ANY OF ITS SCHEMES OR THE ISSUE PRICE OF ITS UNITES OR FOR THE CORRECTNESS OF ANY OF the
STATEMRNTS MADE OR OPINING EXPRESSED WITH REGARD TO THEM SUCH RESPONSIBILITY LIES WITH THE ASSET MANAGER. TRUSTEE, SPONSOR AND/OR CUSTODIAN."
1.3. Listing of the Fund and Operation Under CDBL
The Fund, being an open-ended one, will not be listed with any stock exchanges of the country; hence the Units of the Fund will not be trated in
the stock exchanges unless otherwise BSEC and stock exchange house make arrangement in future. In that case public communication will be made
as per BSEC's approval.
Units of the Fund will always be available for sale and surrender/ repurchase except on the last working day of every week and during
book closure period/ record date of the Fund during first two weeks of July at the corporate office of the Qolac, and the offices of authorized selling
agents. The Asset Manager shall disclose selling price and surrender/ repurchase price of Units at the beginning of business operation on the
first working day of every week as per the law. In case of sale/ purchase of unit of the funds by the investor, units will be transferred to the unit
holder' BO accounts with CDBL
1.4. Availability of Documents for Inspection
Copy of this prospectus will be available at the registered office of the Qolac, and office of the authorized selling agents of the Fund.
This prospectus will also be available for viewing and downloading from the website of Bangladesh Securities and Exchange Commission (www.secbd.org)
and the website of the Qolac, www.Qolac.com