LH INNOVATION FUND - Dividend

Inception Date

January 20, 2021

Benchmark

100% of the return of the Morningstar Global Technology and Communication Services NR USD Index, adjusted as follows: 80% adjusted for the cost of foreign exchange hedging; and 20% adjusted by the exchange rate for the purpose of calculating returns in Thai Baht (THB) as of the performance calculation date.

Fund Size

151 M

Fund Manager

Pornphen Chuleeprasert Viriya Phokaisawan

FX Hedging

No

Dividend Policy

Not exceeding 12 times per annum

Investment Objective

The Fund invests in units of at least two foreign investment funds with investment policies focused on global equities that are related to, or benefit from, innovation. The Fund will maintain an average investment of not less than 80% of its net asset value (NAV) in such underlying funds over an accounting year. The average investment in each underlying fund during an accounting year shall not exceed 79% of the Fund’s net asset value (NAV).

Investment Policy

The Fund has a policy to invest in or hold units of foreign collective investment schemes (CIS) and/or foreign exchange-traded funds (ETFs), comprising at least two underlying funds, with an average investment during an accounting year of not less than 80% of the Fund’s net asset value (NAV). The underlying funds will invest in global foreign equities that are associated with, or benefit from, innovation. The average investment in any single underlying fund during an accounting year shall not exceed 79% of the Fund’s NAV. The Fund will invest overseas and, as a result, will maintain a net exposure to foreign investment risk averaging not less than 80% of its NAV during an accounting year, or such other proportion as may be prescribed by the Office of the Securities and Exchange Commission of Thailand (SEC Thailand). The Fund may obtain indirect exposure to digital assets, specifically crypto assets, through investments in foreign mutual funds and/or foreign ETFs that are legally authorized or approved for trading, buying, selling, or exchange in the relevant investment jurisdictions. The Fund’s maximum crypto asset exposure shall not exceed 5% of its NAV. Such foreign mutual funds and/or foreign ETFs may invest in cryptocurrencies, including but not limited to Bitcoin, Ether, and other crypto assets. Any fees and expenses related to crypto asset investments shall be subject to the fee structure of the relevant foreign ETFs and/or foreign mutual funds in which the Fund invests. The Fund may invest in units of mutual funds, property funds, Real Estate Investment Trusts (REITs), or infrastructure funds managed by the Management Company, provided that such investments do not exceed 20% of the Fund’s NAV. In the case of investments in property funds or infrastructure funds, the Fund may invest up to one-third of the total units issued by the underlying fund. Such investments must be made in accordance with the Fund’s investment policy and the rules and conditions prescribed by the SEC Thailand. Furthermore, the underlying funds may not invest back into the Fund (circular investment) and may not further invest in other funds managed by the same asset management company (cascade investment). The Management Company reserves the right to change the Fund’s classification and special characteristics in the future to a Feeder Fund, a fund investing directly in foreign securities and/or financial instruments, or to revert to a Fund of Funds structure, provided that such change does not increase the Fund’s risk spectrum. Any such change shall be made at the discretion of the Fund Manager, taking into account prevailing market conditions and acting in the best interests of unitholders. The Management Company will notify unitholders at least 30 days in advance of any such change through the Management Company’s website and the websites of the Fund’s selling agents and/or redemption agents (if any). Fund Management Strategy Active Management – The Fund seeks to generate returns that outperform its benchmark.