LH US Global Equity Passive Fund - Accumulation

Inception Date

June 21, 2022

Benchmark

100% of the Master Fund’s performance, adjusted for the cost of foreign exchange (FX) hedging on 80% of the portfolio exposure; and 20% adjusted by the prevailing exchange rate, with returns translated into Thai Baht (THB) as of the performance calculation date. Any change to the above benchmark shall become effective from 1 December 2025 onwards.

Fund Size

780 M

Fund Manager

Viriya Phokaiswan Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Policy

The Fund focuses on investing in units of a foreign mutual fund (the “Master Fund”) with an equity investment strategy. On average, the Fund will invest not less than 80% of its net asset value (NAV) during an accounting year in the Master Fund. Specifically, LH Global Equity Passive Fund invests in units of the iShares MSCI ACWI ETF (the “Master Fund”), denominated in U.S. Dollars (USD) and listed on the NASDAQ Stock Market. The Master Fund is incorporated in the United States and is managed by BlackRock Fund Advisors (BFA). The iShares MSCI ACWI ETF seeks to track the investment results of the MSCI ACWI Index (the “Benchmark Index”). The Index comprises large- and mid-cap equities from both developed markets and emerging markets worldwide. The Master Fund invests at least 80% of its assets in equity securities included in the Benchmark Index. The remaining portion, up to 20% of total assets, may be invested in: Futures contracts Options Certain swap agreements Cash and cash equivalents Units of money market funds advised or managed by BlackRock Fund Advisors or its affiliates Other securities not included in the Benchmark Index but deemed capable of helping the Fund achieve performance closely aligned with the Index The Master Fund aims to deliver investment results, before fees and expenses, that closely correspond to the performance of the Benchmark Index. The Thai Fund may invest in derivatives for: Efficient Portfolio Management (EPM) purposes; 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 containing embedded derivatives; and/or Other assets or alternative income-generating instruments as permitted under the Fund prospectus and applicable regulations issued or approved by the Securities and Exchange Commission (SEC). The Fund may invest in: Mutual funds, Property funds, Real Estate Investment Trusts (REITs), and/or Infrastructure funds, managed by the same asset management company, subject to a maximum limit of 20% of the Fund’s NAV. The Management Company reserves the right to change the Fund’s structure and classification in the future from a Feeder Fund to a Fund of Funds or a fund investing directly in foreign securities and assets, and vice versa, provided that such changes do not increase the Fund’s overall risk spectrum. Such changes will be made at the discretion of the Fund Manager, based on market conditions and in the best interests of unitholders. The Management Company will notify unitholders at least 30 days in advance before implementing any such changes through: The Management Company’s website; and The websites of appointed selling agents or distributors (if any). Website: https://www.ishares.com/us/products/239600/ishares-msci-acwi-etf Master Fund: Passive investment strategy aiming to track the performance of the MSCI ACWI Index. LH Global Equity Passive Fund: Passive investment strategy aiming to closely replicate the performance of the iShares MSCI ACWI ETF through index-tracking/passive management.