LH US EQUITY FUND - ASSF

Inception Date

February 27, 2024

Benchmark

100% of the performance of the Morningstar US Large Cap Target Market Exposure NR USD Index, adjusted for foreign exchange hedging costs attributable to 80% of the portfolio and adjusted for foreign exchange movements attributable to the remaining 20% of the portfolio for the purpose of calculating returns in Thai Baht (THB), based on the exchange rate prevailing on the return calculation date. The above benchmark revision shall become effective on 1 December 2025.

Fund Size

1 M

Fund Manager

Viriya Phokaisawan Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Policy

he Fund has a policy to invest in and/or hold units of foreign collective investment schemes, including CIS units and/or foreign exchange-traded funds (ETFs) with investment policies focused on equity securities (the “Underlying Funds”). The Fund will maintain, on average over an accounting year, a net exposure of not less than 80% of its Net Asset Value (NAV) in equity instruments. The Fund will invest in at least two Underlying Funds and, on average over an accounting year, allocate not less than 80% of its NAV to such Underlying Funds. The Underlying Funds will primarily invest in equity securities of companies domiciled in and/or principally conducting business in the United States and/or in funds listed and traded on regulated markets in the United States. The Fund will invest in any single Underlying Fund at a level not exceeding 79% of its NAV on average over an accounting year. The Fund will invest in foreign securities, resulting in a net exposure to foreign investment risk of not less than 80% of its NAV on average over an accounting year, or such other proportion as may be prescribed by the Office of the Securities and Exchange Commission (SEC). The allocation among foreign mutual funds and/or foreign ETFs will be determined at the discretion of the Fund Manager, who may adjust the investment allocation in response to prevailing and anticipated market conditions. The remaining portion of the Fund’s assets may be invested, both domestically and internationally, in deposit-like instruments, deposits, debt securities, equity securities, hybrid securities, warrants, as well as other securities, assets, or alternative investments as permitted or approved by the Securities and Exchange Commission (SEC) and/or the Office of the SEC. The Fund may also invest in financial derivative instruments for efficient portfolio management and/or for hedging foreign exchange rate risk, at the discretion of the Fund Manager. The extent of foreign exchange hedging will depend on prevailing market conditions and other relevant factors, including economic, political, monetary and fiscal conditions. If the Fund Manager expects the U.S. Dollar (USD) to depreciate, the Fund may implement a relatively high degree of foreign exchange hedging. Conversely, if the USD is expected to appreciate, the Fund Manager may reduce the level of hedging or choose not to hedge. However, if the Fund Manager determines that hedging may not be in the best interests of unitholders or could adversely affect potential returns, the Fund may remain unhedged. Investors should note that hedging transactions may incur costs, which may reduce the Fund’s overall returns. In addition, the Fund may invest in or hold structured notes, non-investment grade debt securities, unrated debt securities, and unlisted securities. The Fund may also enter into securities lending transactions, reverse repurchase transactions (Reverse Repo), and other investments or income-generating activities as permitted or approved by the SEC and/or the Office of the SEC. The Fund may invest up to 20% of its Net Asset Value (NAV) in units of mutual funds managed by the Management Company, provided that such investments are consistent with the Fund’s investment policy and comply with the regulations prescribed by the Office of the SEC. The Underlying Funds may not invest back into the Fund (i.e. no circular investment structure is permitted). However, an Underlying Fund may further invest in another fund managed by the same asset management company for no more than one additional tier. The exercise of voting rights in respect of investments in funds managed by the Management Company shall be conducted in accordance with the rules and conditions prescribed by the Office of the SEC. The Fund shall not exercise voting rights on behalf of an Underlying Fund. In the event that an Underlying Fund is unable to obtain voting instructions due to such restrictions, the Management Company may seek approval from the Office of the SEC, provided that approval has been obtained from more than one-half of the remaining unitholders of the Underlying Fund.