Krungsri US Equity Fund (Fund Code: KF-US)

Transcription

1 Prospectus - Executive Summary As of 30 Dec, 2015 This summary is a part of the prospectus which only sets out information relating to the policy, return, risks and conditions of the fund. Investors must study the information in details from the full prospectus before making an investment decision. Full prospectus can be requested from a selling agent and the Management Company. Investors may also study information from the prospectus that was submitted by the Management Company to The Securities and Exchange Commission (SEC) on SEC s website. If you have any questions, please ask your investment advisor before buying investment units. Investors should make investment only when they see that the fund is suitable to their objectives and that they can accept potential risks from such investment. Fund Type Fund Type based on peer group performance Krungsri US Equity Fund (Fund Code: KF-US) Feeder fund invests in Foreign Equity Fund US Equity (US BM) Management Company Name Krungsri Asset Management Co., Ltd. Anti-corruption Progress Indicator¹ Level 4 Trustee Standard Chartered Bank (Thai) PCL. Dividend Policy No dividend Fund approved by The Management Company controlled By Is this fund insured or is the capital protected? Insurer Inception Date The office of the SEC The office of the SEC No 11 May 2012 Frequency of Transaction Total Expenses Every dealing days of the fund within 15:30 hrs. Fund's tenor Not exceeding 3.35% of NAV Diagram of Risk of the Fund Not specified Low Risk High Risk Domestic Money Market Funds Money Market Funds with Partial Investment in Foreign Countries Government Bond Funds Fixed Income Funds Mixed Funds Equity Funds Sector Funds Alternative Investment Funds KF-US Asset Allocation - Minimum 80% of its NAV in average in each fiscal year is invested in mutual fund in foreign countries named Allianz US Equity Fund (master fund). - May enter into derivatives to hedge against currency risk subject to the fund manager s discretion (such approach not currently in use). - The master fund s investment policy is to invest minimum 70% of its NAV in equity instrument of listed companies in the United States. Fund Management Style Krungsri US Equity Fund: aim for return to move in the same direction as the Master Fund (Passive Management) Allianz US Equity Fund (Master Fund): aim to better the returns from the benchmark (Active Management) Benchmark Investment policy S&P 500 Index Total Return Index in US currency adjusted with the exchange rate for conversion to Thai Baht. Factors Affecting Returns Investment policy (cont'd) (1) Change in value of stocks in which the master fund invests. (2) Change in value of NAV of the master fund. (3) Change in exchange rate. Which Type of Investors of This Fund for? Investors who can afford to put their savings to investment with short-term volatility and high risk in exchange of good returns in medium term to long term at the rate similar to investment in equity instruments of companies established and operating in the United States. Important Risk Factors - Market Risk is the risk that associates with situations such as economy, politics or society which affects business to the extent that it changes the market condition and consequently affects stock price. - Currency risk may exist since it depends the fund manager s exercise of discretion and generally this fund is not hedged against currency risk. - Offshore Investment Risk may exist in this fund which includes Country and Political Risk and Repatriation Risk. KF-US 1/5

2 (1) Asset Allocation Asset Allocation Important Warning - Generally, this fund is not hedged against currency risk and investors may make a loss or profit from currency exchange or may receive payment in the amount lower than the initial investment amount. However, the fund manager may consider hedging against currency risk at discretion, in which case, the fund will incur additional expenses which, as a result, may decrease the return of the fund. (2) Top five securities Allianz US Equity Fund 92.35% Other Liabilities -3.26% Other Assets 10.90% (3) Asset Allocation of Master Fund Sector Allocation IT 21.70% Healthcare 15.80% Financials 15.20% Cons. Disc 13.20% Industrials 12.10% Cons. Staples 7.80% Energy 7.20% Materials 3.70% Liquidity 3.40% Top 10 Holdings Allocation GENERL ELECTRIC CO 4.40% JPMORGAN CHASE & CO 3.20% MERCK & CO.INC. 3.10% AMGEN INC 3.00% COMCAST CORP-CLASS A 3.00% INTEL CORP 3.00% ALPHABET INC-CL A 2.90% MONDELEZ INTERNATIONAL INC-A 2.80% CISCO SYSTEMS INC 2.80% HOME DEPOT INC 2.70% Fund 3 Months Fund Performance (%) 6 Months Historical Returns % Cumulative Return % Annualized Return 1 year Since Inception KF-US N/A N/A Benchmark N/A N/A Information Ratio* N/A N/A Standard Deviation N/A N/A * Information ratio measures a portfolio manager's ability to generate excess returns relative to risks. * Performance is expressed in annualized for the period ³ 1 year Calendar Year Performance * Past performance is not a guarantee of future performance. Source : Fact Sheet : Allianz US Equity Fund ( (Information as of 30/11/2015) Remark: Investors can view information at KF-US 2/5

3 The Master Fund Information Fees charged to the Fund (% per annum of NAV) Master Fund Performance % Annualized Return 1 Year 3 Years 5 Years Since Inception 15/02/2008 Master Fund Benchmark *Performance in the respective base currency (%) Past performance is not a guarantee of future performance. Information as of 30/11/2015 Fees Management Not exceeding 1.50 (Actual charge 0.75) Trustee Not exceeding 0.10 (Actua charge ) Registrar Not exceeding 0.15 (Actual charge 0.15) Fund Operation Not exceeding 0.50 () Overseas Custody Not exceeding 0.10 () Advertisement, Public Relation Not exceeding 1.00 () and Sales Promotion Expenses Auditing As actually incurred (Actual charge ) Other Expenses As actually incurred () Total expenses Not exceeding 3.35 (Actual charge ) Fees Charged to Unitholders (% of transaction amount) Front-end Not exceeding 1.50 (Actual charge 1.50) Back-end Switching-in Not exceeding 1.50 (Actual charge 1.50) Switching-out Early Redemption and Switching-out Penalty (if holding period is less than 180 days) Transfer Not exceeding 10 baht per 1,000 units or any fraction thereof (actual charge 10 baht per 1,000 units) Brokerage(charged at (Not specific in Prospectus) subscription, redemption and switching) *Fee affects return on investment. Investors should consider the fee structure before making an investment. Subscription : Fund Size Net Asset Value Information for transaction of investment units - Subscription Period Every dealing days of the fund within 15:30 hrs. - Minimum Initial Subscription 2,000 baht - Minimum Subsequent Subscription 2,000 baht Redemption - Redemption Period Every dealing days of the fund within 14:30 hrs. - Minimum Redemption 2,000 baht or 200 units - Minimum Balance 200 units - Proceeds Payment Period 4 working day after the execution (T+4) Investors can view daily NAV at the Management Company's web site. Fund Manager / Date Management Mr.Jaturun Sornvai 11 May, 2012 Mr.Suppachark Erbprasartsook 24 March, 2014 Other Information 162 Million Baht Baht/Unit Morningstar Rating : (Data as of Nov 30, 2015) For More Information Krungsri Asset Management Company Limited 1st-2nd Zone A, 12th, 18th Zone B Floor Ploenchit Tower 898 Ploenchit Road, Lumpini, Pathumwan, Bangkok Tel Fax website : [email protected] Investors can make inquiries and receive the fund prospectus and obligation documents from the Management Company or the appointed selling agents. KF-US 3/5

4 - Investment in Mutual Fund is not a form of saving and not protected by Deposit Protection Agency. Therefore, investment in Mutual Fund may contain risks where investors receive return below initial investment. - In unusual circumstances, investors may not be able to redeem units or redemption settlement may be delayed beyond the period specified in the prospectus. - Operating result of Mutual Fund does not depend on the financial status or the operation result of the Management Company or the appointed selling agents. ¹Remark: Anti-corruption Progress Indicator means disclosure of cooperation in anti-corruption activities as certified by Thai Institute of Directors (IOD). This is divided into 5 levels: (1) The policy exists; (2) The declaration has been made; (3) The preventive measure exists; (4) The implementation has been certified; (5) The policy has been extended to apply to related parties. This draft prospectus for KF-US does not represent that The office of the SEC has certified the accuracy of the information contained in the prospectus or guaranteed the price or return on investment for such fund. The Management Company has reviewed the information in this summary prospectus as at 30 Dec 2015 with care as the party responsible for the management of the fund and certifies that the above information is correct, true and not misleading. KF-US 4/5

5 ขอ มลเป รยบเทรยบผลการ ดาเ นงานแบบเปอ รเ ซนตรไทลร (Peer Percentile) ณ วนทรท 30 ธวนวาคม 2558 AIMC Category Peer Percentile 3M 6M Return (%) 1Y 3Y 5Y 10Y 3M 6M Standard Deviation (%) 5th Percentile N/A N/A 25th Percentile N/A N/A US Equity 50th Percentile N/A N/A 75th Percentile N/A N/A 95th Percentile N/A N/A ขอตกลงและเ งทอนไขของ ขอ มลเป รยบเทรยบผลการ ดาเ นงานแบบเปอ รเ ซนตรไทลร (Disclaimer of Peer group Fund Performance) 1. ผลการ ดาเ นงานในอ ดตของกอง ทน มนไ ดเ ปนสนสง ยน ยน ถงผลการ ดาเ นงานในอนาคต 2. ผดลง ทนสามารถดผขดอมผลฉบยบเ ตมไ ดทดส 3. ผลการ ดาเ นงานของกอง ทนทดสการเปรดยบเทดยบแ บงตามประเภทกอง ทนรวมภายใตดขดอกดาหนดของสมาคมบรนษยทจยดการลง ทน โดยกอง ทนทดสจะถผกเปรดยบเทดยบผลการ ดาเ นงานในแตบละชบวง เวลากยบกอง ทนประเภทเ ดยวกยนในระดยบเปอ รเซตนตรไทลร (Percentiles) ตบางๆ โดยแ บงออกเ ปน - 5th Percentile แสดงผลการ ดาเ นงานของกอง ทนอยนดยบทดส 5 เปอ รเซตนตรไทลร (Top 5% performance) - 25th Percentile แสดงผลการ ดาเ นงานของกอง ทนอยนดยบทดส 25 เปอ รเซตนตรไทลร (Top 25% performance) - 50th Percentile แสดงผลการ ดาเ นงานของกอง ทนอยนดยบทดส 50 เปอ รเซตนตรไทลร (Median performance) - 75th Percentile แสดงผลการ ดาเ นงานของกอง ทนอยนดยบทดส 75 เปอ รเซตนตรไทลร (Bottom 25% performance) - 95th Percentile แสดงผลการ ดาเ นงานของกอง ทนอยนดยบทดส 95 เปอ รเซตนตรไทลร (Bottom 5% performance) 4. ผลตอบแทนทดสมดอายทเกนหนถสง ปนยนมดการแสดงเ ปนผลตอบแทนตบอ ป เมยสอ ผดลง ทนทราบผลตอบแทนของกอง ทนทดสลง ทน สามารถนดาไปเปรดยบเทดยบกยบเปอ รเซตนตรไทลรตามตาราง จะทราบวบากอง ทนทดสลง ทนนยนอยผบในชบวงทดสเทบาใดของประเภทกอง ทนรวมนยน 1Y 3Y 5Y 10Y KF-US 5/5