LH MONEY MARKET FUND - LH

Inception Date

November 30, 2011

Benchmark

(1) 55% of the ZRR Index (Total Return Index) – 3-Month Tenor; and (2) 45% of the average 3-month fixed deposit rate for individual depositors with a deposit amount of THB 1 million, offered by three major commercial banks: Bangkok Bank Public Company Limited, The Siam Commercial Bank Public Company Limited, and Kasikornbank Public Company Limited.

Fund Size

-

Fund Manager

Ranitha Phetnarong Phuchsagun Tanaworakitsakum

FX Hedging

No

Dividend Policy

None

Investment Objective

The Fund invests primarily in high-quality short-term debt instruments and other money market instruments with a remaining maturity or contractual term of not more than 397 days. The Fund may also invest in foreign securities and debt instruments offered overseas, provided that such investments do not exceed 50% of the Fund’s Net Asset Value (NAV).

Investment Policy

The Fund invests exclusively in one or more of the following asset classes: Deposits or deposit-equivalent instruments, excluding Islamic deposits. Debt securities with a remaining maturity of not more than 397 days from the investment date, provided that such securities are not subordinated debentures or other debt instruments with characteristics similar to subordinated debt. Units of other money market funds. Reverse repurchase transactions (Reverse Repos). Securities lending transactions, where the securities lent are debt instruments. Financial derivative instruments (FDIs) solely for hedging purposes. Other assets with characteristics substantially similar to those described in Items (1)–(6), as may be prescribed by the Securities and Exchange Commission of Thailand (SEC). The Fund will maintain a weighted average portfolio duration of all invested instruments and assets at any given time of not more than 92 days. The Fund may invest in offshore debt securities of up to 50% of its Net Asset Value (NAV). The Fund will maintain a full foreign exchange hedge at all times, generally ranging between 95% and 105% of the value of its overseas investments. Credit Quality Requirements For investments in debt securities (excluding Thai government securities), and/or deposits and deposit-equivalent instruments (except where the issuer or counterparty is the Government Savings Bank and the relevant deposit or instrument is government-guaranteed), as well as reverse repurchase transactions, securities lending transactions, and derivative transactions, the relevant instrument, issuer, or counterparty must possess one of the following credit ratings, as applicable: A credit rating within the highest two categories of short-term credit ratings; A credit rating within the highest three categories of long-term credit ratings; or A credit rating equivalent to the highest two short-term rating categories, as mapped by a recognized Credit Rating Agency (CRA). Liquidity Requirements The Fund will maintain investments in, or holdings of, highly liquid assets totaling not less than 10% of its Net Asset Value (NAV) at any given time. Such liquid assets may include: Cash denominated in Thai Baht (THB); Thai Baht deposits with commercial banks or specialized financial institutions established under specific legislation, excluding fixed deposits and operational accounts of money market funds; Treasury Bills issued under the Public Debt Management Act; and Thai Government Bonds and Bank of Thailand Bonds with an original maturity of not more than one year or a remaining maturity of not more than one year. Provide your feedback on BizChat