LH SEMICONDUCTOR FUND - Accumulation

Inception Date

June 28, 2021

Benchmark

100% of the Master Fund’s performance, adjusted for foreign exchange hedging costs on 80% of the Fund’s exposure, and adjusted by the exchange rate for the remaining 20% of the Fund’s exposure to calculate returns in Thai Baht, as of the performance calculation date. The aforementioned change to the benchmark shall take effect from 1 December 2025 onwards.

Fund Size

794 M

Fund Manager

Ponlasin Kijmuntarvorn Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Objective

The Fund has a policy to invest in the iShares Semiconductor ETF (the “Master Fund”).

Investment Policy

The Fund invests in units of a foreign mutual fund (the “Master Fund”) that focuses on companies engaged in the design, distribution, manufacturing, and sale of semiconductors. The Fund will invest, on average over an accounting year, at least 80% of its Net Asset Value (NAV) in the Master Fund. The LH Semiconductor Fund invests in units of the iShares Semiconductor ETF (the “Master Fund”), which is denominated in U.S. dollars (USD) and listed on the NASDAQ Stock Market. The Master Fund is established in the United States and managed by BlackRock Fund Advisors (BFA). The iShares Semiconductor ETF seeks to provide investment results that correspond, before fees and expenses, to the price and performance of the ICE Semiconductor Index (the benchmark index). The Master Fund will: Invest at least 90% of its assets in securities comprising the benchmark index and in depositary receipts representing securities included in the index. Invest up to 10% of its assets in: Futures contracts Options Certain swap agreements Cash and cash equivalents Money market funds advised by BFA or its affiliates Securities not included in the benchmark index that BFA believes will assist the Fund in tracking the index effectively.The Thai Fund may invest in derivatives for: Efficient Portfolio Management (EPM); and/or Foreign Exchange (FX) Risk Hedging at the discretion of the Fund Manager, based on prevailing market conditions and other relevant factors. The Fund may also invest in or hold: Structured Notes Other assets or investment instruments as specified in the Fund prospectus Additional investments permitted or approved by the Securities and Exchange Commission (SEC) of Thailand. Investments in Other Funds The Fund may invest in: Mutual funds Property funds Real Estate Investment Trusts (REITs) Infrastructure funds managed by the same asset management company, up to 20% of the Fund’s NAV. Future Changes to Fund Structure The Management Company reserves the right to change the Fund’s structure in the future, including: Converting the Fund into a Fund of Funds Investing directly in foreign securities and/or foreign investment instruments Reverting to a Feeder Fund provided that such changes do not increase the Fund’s overall risk level. Any change will be implemented at the discretion of the Fund Manager and in the best interests of unit holders. Unit holders will be notified at least 30 days in advance through the Management Company’s website and the websites of appointed distributors or selling agents (if any). Reference Website For more information on the Master Fund, please visit: www.ishares.com The Master Fund employs a passive investment strategy designed to track the performance of its benchmark index. The LH Semiconductor Fund also adopts a Passive Management / Index Tracking Strategy, aiming to deliver returns that closely mirror those of the Master Fund.