LH US EQUITY FUND - Accumulation

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 on 80% of the portfolio and adjusted for the foreign exchange rate applicable to the remaining 20% for the purpose of calculating returns in Thai Baht (THB), based on the exchange rate prevailing on the performance calculation date. The above benchmark revision shall become effective on 1 December 2025.

Fund Size

20 M

Fund Manager

Viriya Phokaisawan Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Policy

The Fund has a policy to invest in 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 will allocate, on average over an accounting year, 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 operating in the United States and/or in funds listed and traded on regulated stock exchanges in the United States. The Fund will not invest, on average over an accounting year, more than 79% of its NAV in any single Underlying Fund. The Fund will invest in foreign securities, resulting in a net foreign exposure 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 at the discretion of the Fund Manager, who may adjust investment allocations in response to prevailing and anticipated market conditions. For the remaining portion of the portfolio, the Fund may invest both domestically and internationally in deposit-like instruments, deposits, debt securities, equity securities, hybrid securities, warrants, as well as other securities, assets, or alternative investment vehicles as permitted or approved by the 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 Fund Manager’s discretion. The extent of foreign exchange hedging will depend on prevailing market conditions and other relevant factors, including economic, political, financial and fiscal developments. Where the Fund Manager expects the U.S. Dollar (USD) to depreciate, the Fund may implement foreign exchange hedging to a substantial degree. Conversely, where the USD is expected to appreciate, the Fund Manager may reduce or refrain from hedging foreign exchange exposure. The Fund Manager may also decide not to hedge foreign exchange risk if such hedging is deemed not to be in the best interests of unitholders or may adversely affect potential returns. Investors should note that hedging transactions may incur costs, which could 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 undertake securities borrowing and lending transactions, reverse repurchase transactions (Reverse Repo), securities lending transactions, and/or 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 NAV in units of mutual funds managed by the Management Company. Such investments must be made in accordance with the Fund’s investment policy and the rules prescribed by the Office of the SEC. The Underlying Funds may not invest back into the Fund (no circular investment structure), although the Underlying Funds may further invest in other funds managed by the same asset management company for no more than one additional tier. Voting rights relating to investments in funds managed by the Management Company shall be exercised in accordance with the rules and conditions prescribed by the Office of the SEC. The Fund is prohibited from exercising voting rights in a manner that directs an Underlying Fund’s vote. However, where an Underlying Fund is unable to obtain the necessary voting instructions due to such restrictions, the Management Company may seek approval from the SEC, provided that approval has been received from more than one-half of the remaining unitholders of the Underlying Fund.