mutual fund prospectus scb asian emerging markets thb … · 2017. 8. 23. · 2 scb asian emerging...

1 SCB Asian Emerging Markets THB Hedge (SCBAEMH)

Mutual Fund Prospectus SCB Asian Emerging Markets THB Hedge (SCBAEMH)

SCBAEMH has the policy to focus on the investment in foreign mutual fund “BGF Asian Growth Leaders Fund” D2 USD shares class, domicile in Luxembourg and under UCITS. The master fund managed by BlackRock Global Funds. The investment policy of the master fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equitysecurities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the net asset value (NAV) of the Fund. Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV.

SCBAEMH Fund is a fund that its investment units are classified into 3 classes, namely Accumulative Value Class, Auto-redemption Class and Paid-dividend Class. For the best benefit of unitholders, the unitholders should thoroughly study information of each invesment unit class before making an investment.

NAV per unit of each unit class may be equal or different the Management Company shall calculate the NAV per unit of each class separately.

SCBAEMH will enter into the Derivatives with an aim to hedge the risk (“Hedging”) from the exchange rate in securities or properties in foreign currency held by the Fund when compared with THB in any period of time of not less than 90% of the properties invested in foreign country. The Fund may hedge the risk of exchange rate at other proportion according to the Fund Manager’s discretion,

Master fund and SCBAEMH may invest in the Derivatives for Efficient Portfolio Management (EPM), accordingly, the Fund may take risk higher than other mutual fund. Therefore, it is appropriate for the investors who wish to gain high return and can take risk more than general investors. The investors should invest in the Fund when understood the risk from the Derivatives and should consider the appropriateness of investment by taking the experience of investment, objectives of investment and their financial status into consideration.

Investment in a form of Unit Linked Insurance Policy (Unit-Link) has some risks. The insured may receive a return of investment greater or less than the investment amount. In this regard, the investors should thoroughly study all information in detail contained in the sale document of the Unit-Link before making an investment.

As the Fund has policy to gain the yield from the investment in Asia ex japan, therefore, the Fund takes “Country Risk” which is the risk in terms of politics, economy, society, market condition, liquidity, financial measure in the unusual event including any restriction of the country where the Fund invested. As a result, it affects the Fund’s Net Asset Value (“NAV”) or the Fund may be unable to bring money back to the country, therefore, the investors may not receive the payment according to the due period of time.


In case where SCBAEMH cannot maintain the liquidity as specified by the Securities and Exchange Commission (“the SEC”), the investors may be unable to redeem the investment units according to the redemption order.

The investor should thoroughly study the information in this Prospectus until understands it and should keep it as the future reference and if there is any inquiry, The investor should inquire the Fund’s contact person until understands it before purchases the investment units.

The investment in the investment units is not the money deposit and there is the risk in the investment. The investor should invest in SCBAEMH when considering that the investment in the mutual fund is in line with investment objective and can accept the risk which may arise from the investment.

In case of the unusual circumstance, the investor may receive the money from redemption later than the timeline specified in the Prospectus.

For the maximum benefits of SCBAEMH (“Fund”) management, the Fund’s offering of investment units, or a switch of investment units, or registration of investment unit transfer must be under the discretion of the Management Company solely. The Management Company reserves the right to accept/reject the offering of investment units, or accept/reject the switch of investment units, or accept/reject registration of investment unit transfer to any person. The persons whom the Management Company intends not sell the investment units or to accept the switch of investment units, or to reject the registration of investment unit transfer include but not limited to US citizens, persons whose domicile are in U.S.A., persons whose address are normally in U.S.A. including estate of such persons, and companies or partnerships where have been established and of which activities have been conducted in U.S.A.

In case where the Management Company has any obligation or agreement with foreign states or has necessity to comply with the laws of foreign states, regardless of whether such obligations or agreements have been created at present or will be created in the future, for instance, the compliance with Foreign Account Tax Compliance (FATCA) of USA, etc., unitholders acknowledged and gave consent to the Management Company to take action to be in line with such obligation or agreement or the laws of foreign states, including the disclosure of information of unitholders, the deduction of the withholding tax of unitholders’ revenues. Moreover, the Fund also has the right to take any other action as necessary for compliance with such obligation or agreement or the laws of foreign states.


Mutual Fund Information

Project Name : SCB Asian Emerging Markets THB Hedged (SCBAEMH) Project Term : Indefinite

Approval Date of Fund Project Establishment : 11 August 2017 Date of Initial Public Offering : 21 - 28 August 2017

Investment Type and Investment Policy of the Fund

Investment Type

Foreign Investment Fund which has policy of investment in the investment units of only foreign mutual fund (Feeder Fund) which repurchases the investment units

Policy of Mutual Fund

SCBAEMH has the policy to focus on the investment in foreign mutual fund “BGF Asian Growth Leaders Fund” D2 USD shares class, domicile in Luxembourg and under UCITS. The master fund managed by BlackRock Global Funds. The investment policy of the master fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equitysecurities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital. This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the net asset value (NAV) of the Fund. Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV.

For the remaining portion, the Asset Management Company may invest in equity or acquire the debt instruments convertible bond and/or deposit and/or certificate of deposit both in country and/or foreign countries and/or acquire other securities or properties and/or seek for any fruits by any other one or many means as announced and specified by the SEC or the Office of SEC.

SCBAEMH may invest in the Derivatives for Efficient Portfolio Management (EPM) and/or hedging aim to gain higher benefit and/or decrease expense of the Fund. The Fund may invest in derivatives for hedging against investment risks, such as swap contracts and/or forward contracts referred to an exchange rate as announced, imposed, or approved by the Office of the SEC. SCBAEMH will enter into the Derivatives with an aim to hedge the risk (“Hedging”) from the exchange rate in securities or properties in foreign currency held by the Fund when compared with THB in any period of time of not less than 90% of the properties invested in foreign country. The Fund may hedge the risk of exchange rate at other proportion according to the Fund Manager’s discretion, for instance, in case where the Baht currency against foreign currency held by the Fund has continuously devaluated or appreciated which may negatively affect the Fund, then, the Fund Manager may consider to adjust the proportion for hedging the risk as appropriate for the Fund’s interest, etc.

The Fund may do the transaction of securities lending or Reverse Repo transaction according to the rules and regulations specified by the Office of SEC


Moreover both in country and foreign countries the Fund may invest in non-investment grade or the unrated or the unlisted. The Fund may invest in Structured Note.

In this regard, for calculating the Fund’s investment ratio relating to the foreign risks, the Management Company may not inc lude a 30-day period as from the inception date.

If the investment of the Master Fund is no longer appropriate, which may be affected by the situations or the changes of the conditions of the Master Fund, for instance, the change in the investment policy, the fund type and the fees; the investment or acquisition of any other property was contrary to the rules of the SEC; the Fund was unable to invest in the Master Fund because of the regulations relating to the domestic investment on which the Master Fund listed; the returns of the Fund were lower than the returns of other funds with similar investment policies in consecutive periods of time; the size of the Master Fund was reduced until it could impact the Fund; the investment of the Master Fund was not in conformity with the Prospectus or Project; the Master Fund violated the rules according to the opinion of the regulatory agency; the operation of the Fund was affected by the change of regulations or others; and any other changes that may affect or may cause damage to the Fund – where the change may affect the Master Fund and/or the Asset Management Company, where the Company considered that the transfer of investment to invest in other foreign funds with similar policies had a positive outcome to overall performance of the Fund or facilitated the investment of the Fund in foreign countries and provided benefits to the Unitholders, the Company reserves the right to consider changing the Master Fund to other foreign funds at the discretion of the fund manager where such action would not conflict with the objectives and investment policy of the Fund. The Company also reserves the right to terminate SCBAEMH and it is deemed that the Unitholders have approved to do so, where the Company will take into account the interests of the Fund as principal aim. Moreover, the Company reserves the right to consider changing the Share Class and the currency or trading in other country at its discretion afterward and it is deemed that the Unitholders have approved to do so where the Company will take into account the interests of the Fund as principal aim.

In case where the net asset value of the Master Fund decreases in any forms of the following, the Asset Management Company will perform in accordance with the rules and methods determined by the SEC:

(1) The net asset value on any day decreased by more than two-thirds of the net asset value of the Master Fund.

(2) The sum of the net asset value of the Master Fund decreased during any period of five consecutive business days, representing a total of more than two-thirds of the net asset value of the Master Fund.

In case where the net asset value of the Master Fund decreases in such forms, the Asset Management Company will perform as follows:

(1) Notify the cause of the decrease in the net asset value of the Master Fund with the guidelines and procedures with regard for the best interests of the Unitholders as a whole to the SEC and the Unitholders within three business days from the date of the incident.

(2) Perform under the guidelines and procedures according to (1) to be completed within 60 days from the date of the incident.

(3) Report the performance to the SEC within three business days from the date of completion.


(4) Disclose the information about the performance of the Fund according to (1) to potential investors so that those interested in the investment perceive and understand about the status of the Fund.

In this regard, the Asset Management Company will also pursue relevant personnel to disclose the information about such performance.

For the duration of the implementation according to (2), the Asset Management Company can request a waiver to the SEC.

In terms of transfer or switch of investment units to other aforesaid offshore funds, the Asset Management Company reserves the right to consider the operation for one time or many times. The gradual transfer of investment money may cause the Fund to invest or hold investment units from more than one offshore fund as specified in the project above. Nevertheless, if the Asset Management Company is unable to invest in other funds whose policy aligns with the project’s objectives, the Asset Management Company may consider proceeding to request for resolution of Unit holders to change investment policy or termination of Mutual Fund Management Project.

The Investment Return for Investors The investor has an opportunity to gain profits from increasing value of investment units (capital gains) In this regard, the

investor who is a natural person shall be exempted from a personal income tax regarding the profits gained from the increased value of investment units.

Risk Spectrum of the Categories of Invested Instruments


The Significant Characteristics of Mutual Fund

Q: Does this Mutual Fund determine types of investor or classification of unit classes ? How?

A: This Fund is a mutual fund for general investors and do classify a class of investment unit as follow; The Fund has classified its investment unit to the following 3 classes: 1) Accumulative Value Class (SCBAEMHA):

This class is suitable for investors who wish to mainly generate a total returns via capital gain. 2) Auto-redemption Class (SCBAEMHR):

This class is suitable for investors who wish to generate returns via auto-redemption. The Fund intends to generate regular income from auto-redemption.

3) Paid-dividend Class (SCBAEMHD): This class is suitable for investors who wish to generate returns via dividend.

On IPO period The Management Company will offer a subscription of the Accumulative Value Class (SCBAEMHA) After IPO period if the Management Company has offered a subscription of the Auto-redemption Class or Paid-dividend Class the Management Company will notify the unitholders in advance before offering for subscription. Example of NAV Calculation

Assumption; Day 1 1. NAV of total subscribed unit is at 25,000,000 Baht with a par value of 10 Baht , a unit of Accumulative Value Class 2. Day1 Accrued interest receivable: 100,000 Baht 3. Subscription of Auto-redemption Class at amount of 3,000,000 Baht and Paid-dividend Class at amount of 2,000,000 Baht 4. Redemption of Accumulative Value Class at amount of 1,500,000 Baht

Unit: Baht

Mutual Funds Investment Unit of

Accumulative Value Class

Investment Unit of Auto-redemption

Class

Investment Unit of Paid-dividend Class

NAV of total subscribed unit after front-end fees and back-end trading Fees (if any)

25,000,000.00 25,000,000.00

Accrued Interest Receivable 100,000 Baht

100,000.00 100,000.00

NAV before Fund Expenditures 25,100,000.00 25,100,000.00 0.00 0.00

List of Daily Expenditures of Mutual fund (divided by 365 days) Approximated Management Fee (per year) by Unit Class

Management Fee = 0.9185% (+VAT 7%) = 0.9828%

(675.84) (675.84) 0.00 0.00

Custodian Fee= 0.03% (+VAT 7%) = 0.0321%

(22.07) (22.07) 0.00 0.00


Total Fees per Day (697.91) (697.91) 0.00 0.00

Net Asset Value (NAV) 25,099,302.09 25,099,302.09 0.00 0.00

Amount of Investment Unit (unit) 2,500,000.0000 2,500,000.0000 0.0000 0.0000

Unit Value (Baht per unit) 10.0397 10.0397 0.00 0.00

Day 2 1. Increase of units from subscription of Auto-redemption Class at amount of 3,000,000 Baht and Paid-dividend Class at

amount of 2,000,000 Baht 2. Decrease of units from redemption of Accumulative Value Class at value of 1,500,000 Baht 3. Subscription of Accumulative Value Class at amount of 3,000,000 Baht 4. Auto-redemption of Auto-redemption Class to the investors with Auto-redemption Class at amount of 1,000,000 Baht 5. Increased NAV: 250,000 Baht




Class


Fund NAV of Previous Day (Baht) (Transaction Date (T))

25,099,302.09 25,099,302.09 0.00 0.00

Transactions Related to Each Unit Class 1. Subscription of Auto-redemption Class and Paid-dividend Class

5,000,000.00

3,000,000.00 2,000,000.00

2. Redemption of Accumulative Value Class

(1,500,000.00) (1,500,000.00)

Total transactions related to each unit class (Baht)

3,500,000.00 (1,500,000.00) 3,000,000.00 2,000,000.00

NAV after Transactions related to each unit class

28,599,302.09 23,599,302.09 3,000,000.00 2,000,000.00

Increased NAV at value of 250,000 Baht 250,000.00 206,292.64 26,224.42 17,482.94

NAV before Fund Expenditures 28,849,302.09 23,805,594.73 3,026,224.42 2,017,482.94

How to allocate Net Asset Value Accumulative Value Class = 28,849,302.09 x (23,599,302.09/28,599,302.09) Auto-redemption Class = 28,849,302.09 x (3,000,000/28,599,302.09) Paid-dividend Class = 28,849,302.09 x (2,000,000/28,599,302.09)

List of Daily Expenditures of Mutual fund (divided by 365 days) Approximated Management Fee (per year) by Unit Class

Management Fee = 0.9185% (+VAT 7%) = 0.9828%

(776.79) (640.99) (81.48) (54.32)

Custodian Fee = 0.03% (+VAT 7%) = (25.37) (20.94) (2.66) (1.77)


0.0321% Total Fee per Day (802.16) (661.93) (84.14) (56.09)

Net Asset Value (NAV) 28,848,499.93 23,804,932.80 3,026,140.28 2,017,426.85

Amount of Investment Unit (unit) - Increased units from subscription of Auto-redemption Class amount 3,000,000 Baht/10.0398 = 298,810.7333 units - Increased units from subscription of Paid-dividend Class amount 2,000,000 Baht /10.0398 = 199,207.155units - Decreased units from redemption of Accumulative Value Class amount 1,500,000 Baht/10.0397 = 149,406.8548 units

2,848,611.0340 2,350,593.1452 298,810.7333 199,207.1555


Day 3 1. Increase of units from subscription of Accumulative Value Class at amount of 3,000,000 Baht 2. Decrease of units from auto redemption to the investors with auto-redemption class at amount of 1,000,000 Baht 3. Paid dividend to the investors with Paid-dividend Class at amount of 80,000 Baht 5. Increased NAV: 900,000 Baht




Class


Fund NAV of Previous Day (Baht) (T + 1) 28,848,499.93 23,804,932.80 3,026,140.28 2,017,426.85

Transactions Related to Each Unit Class 1. Subscription of Accumulative Value Class amount 3,000,000 Baht

3,000,000.00

3,000,000.00

2. Redemption of Auto-redemption Class amount 1,000,000 Baht

(1,000,000.00)

(1,000,000.00)

3. Paid dividend amount 80,000 Baht (80,000.00) (80,000.00) Total transactions related to each unit class (Baht)

1,920,000.00 3,000,000.00 (1,000,000.00) (80,000.00)

NAV after Transactions related to each unit class

30,768,499.93 26,804,932.80 2,026,140.28 1,937,426.85

Increased NAV at value of 900,000 Baht 900,000.00 784,062.91 59,266.01 56,671.08


NAV after Transactions related to each unit class and increase transaction

31,668,499.93 27,588,995.71 2,085,406.29 1,994,097.93

How to allocate Net Asset Value Accumulative Value Class = 31,668,499.93 x (26,804,932.80/30,768,499.93) Auto-redemption Class = 31,668,499.93 x (2,026,140.28/30,768,499.93) Paid-dividend Class = 31,668,499.93 x (1,937,426.85/30,768,499.93)

List of Daily Expenditures of Mutual fund (divided by 365 days)

Approximated Management Fee (per year) by Unit Class

Management Fee =0.9185% (+VAT 7%) = 0.9828%

(852.70) (742.86) (56.15) (53.69)

Custodian Fee = 0.03% (+VAT 7%) = 0.0321%

(27.84) (24.26) (1.83) (1.75)

Total Fee per Day (880.54) (767.12) (57.98) (55.44)

Net Asset Value (NAV) 31,667,619.39 27,588,228.59 2,085,348.31 1,994,042.49

Amount of Investment Unit (unit) - Increased units from subscription of Accumulative Value Class amount 3,000,000 Baht/10.0662 = 298,027.0609 units - Decreased units from redemption of Auto-redemption Class amount 1,000,000 Baht/10.0661= 99,343.3405 units

3,046,096.0622 2,646,822.1500 200,066.7567 199,207.1555


Q: How much capital in this Mutual Fund Project?

A: 5,000 Million baht during the period of Initial Public Offering of investment units. The Asset Management Company may offer the investment units exceeding the capital of project, but not exceed BHT 450 million baht or 45,000,000 investment units.

Q: What kind of investment is suitable for this Fund? How long does the investment take?

A: The Fund is suitable for the investment money of investor who would like to diversify his/her investment to other securities in offshore markets as long-term investment. In this regard, the investors shall be able to take risks related to investment in securities or assets invested by the Fund offshore and accept volatility of investment units and investment return during some periods throughout the period of investment units holding.

Q: What is the factor significantly affecting the investor’s invested money?

A: - As the Fund has policy to focus on the investment in investment units of foreign fund, the foreign fund in which the Fund considers to invest will relate to many categories of different securities or properties. Some categories of securities or


properties have high risk or have much opportunity of fluctuation, accordingly, any change, increasing or decreasing adjustment of the prices of securities or properties will result in the increase or decrease of investment units’ price as we ll.

- As the foreign fund in which the Fund will invest was registered and established in foreign countries, therefore, the Fund must comply with rules and regulations and relevant laws of such countries which may be different from the rules and regulations and relevant laws in establishment of Thai’s funds.

- The fluctuation of foreign exchange rate may result in the change of fund investment units’ value, accordingly, the principal and yield in THB may also fluctuate.

Q: Is this Fund having the guarantor of invested money, or the Fund focusing upon the protection of principal? How?

A: There is neither SCBAEMH’s guarantor of the invested money nor the protection of principal for the investor.

Q: What is the accounting period of this Fund?

A: This is the open-end fund of which the end of accounting period is approximate one year from the date of registering the properties as mutual fund.

Q: Are you able to subscribe this Fund in a form of the Unit-Link?

A: During the initial term, the management company does not offing a subscription of investment unit in a form of the Unit -Link. However, if there is any progress on offing such subscription, the management company will prior notify the investors via an announcement on the management company’s website.

Q: What is an investment in a form of the Unit-Link?

A: Investment in a form of the Unit-Link subscription is that investors initially insure with the insurance company. Then, the insurance company will allocate the insurance premium of the same, in whole or in part, for investing in mutual funds pre-selected by the investors from a list of mutual funds provided by the insurance company, whereby a portion of the insurance premium to be invested into the mutual funds will be subject to the terms and conditions set forth in the insurance policy. In this regard, the insurance premiums invested in the mutual fund may be increased or decreased at all time in accordance with performance of the investors’ selected mutual funds.

Q: What are the investment policies, significant risk factors, and performance of Master Fund?

A: Master fund is BGF Asian Growth Leaders Fund, share class D2 USD

Policy of Master Fund The investment policy of the master fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equitysecurities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Graph showing the movement of price of investment units of BGF Asian Growth Leaders Fund


(Source: Bloomberg’s retrospective information from 29 November 2012 to 28 June 2017

Graph showing the retrospective performance of BGF Asian Growth Leaders Fund compared with MSCI All Country Asia ex Japan Index

Remark: (1) Source: Bloomberg’s retrospective information from 29 November 2012 – 28 June 2016 (2) The Fund’s comparative perform and report on capital market products does not guarantee its future’s return.

Condition for subscription redemption and transfer of investment units

Q: How can the investor subscribe and redeem the investment units?


A: The investor must subscribe at the first time in the amount of not less than 5,000Baht and for the subsequent subscription, the amount must be of not less than 1,000 Baht. The number of investment units will be calculated according to the amount of subscription for the investment units divided by the selling price of investment units ( value of investment units plus the fee of investment units selling (if any) and VAT), for instance, if the investor subscribes the investment units at the first offering and the fee for the subscription during IPO is equivalent to 0.50 of the value of investment unit (excluding VAT), the first offering price is equivalent to 10.0535 per unit. If the investor subscribes the SCBAEMH’s investment units equivalent to 5,000 Baht during the IPO, the investor will receive the investment units equivalent to 497.3392 units (5,000/10.0535).

IPO period The investor can subscribe the investment units on every Trading Date during IPO period.

Siam Commercial Bank PCL., Tel.No. 0-2544-3866-7, 0-2544-3871-2, 0-2544-3874-6, 0-2544-3900, 0-2544-3907, 0-2544-3909, 0-2544-3941, 0-2544-3998 and at every branch during 8.30-15.30 hrs. Siam Commercial Bank PCL., Tel.No. 0-2777-7777, Press “0”, Press “6”, starting business hour-15.30 hrs.; The Asset Management Company may consider to appoint additional the selling agents later or may consider to

accept the subscription order via Internet Banking Service, SCB Easy Fund under SCB Easy Net, www.scbeasy.com, during service time -16.00 hrs.

After IPO Period The investor can subscribe the investment units on every Trading Date. The subscription order can be accepted after the

initial public offering within 1 month as from the fund’s inception date. The Management Company will inform the investors later by posting an announcement at its office and every contact place of selling agents. The investor can subscribe the investment units at Siam Commercial Bank PCL., Tel.No. 0-2544-3866-7, 0-2544-3871-2, 0-2544-3874-6, 0-2544-3900,

0-2544-3907, 0-2544-3909, 0-2544-3941, 0-2544-3998 and at every branch during 8.30-15.00 hrs. Siam Commercial Bank PCL., Tel.No. 0-2777-7777, Press “0”, Press “6”, starting business hour-15.00 hrs.; The Asset Management Company may consider to appoint additional the Selling Supporters or the Redemption

Supporters later or may consider to accept the subscription order via. o Internet Banking Service, SCB Easy Fund under SCB Easy Net, www.scbeasy.com, during service time 15.00 hrs.

The Management Company may consider to appoint additional other Selling Supporters or the Redemption Supporters or may change such appointment later. (*Trading Date mentioned above means calendar days which are normal business days of Management Company and the Fund of the foreign country invested by the Fund and the country relating the investment or as additionally announced by Management Company.) Payments for the fund subscriptions can be made as follows:-

IPO Period In case that the investor does the transaction via Siam Commercial Bank Public Company Limited and the channels

specified by the Bank

http://www.scbeasy.com/



To pay the price in cheque or draft having the date as same as the subscription date and the cheque must be crossed to be paid to “Siam Commercial Bank Public Company Limited for the SCB Asset Management Company Limited’s Open-end Fund”.

In case that the investor does the transaction through the Management Company or other appointed selling agents To deposit the cheque or cash into “Account for subscription of the SCB Asset Management Company Limited’s

Open-end Fund” according to the details as follows:-

Banks Account Numbers

Siam Commercial Bank PCL 049-3-14025-7

Kasikorn Bank PCL 745-1-03996-7

Bank of Ayudhaya PCL 777-0-05798-9

Bangkok Bank PCL 129-3-16153-3

TMB Bank PCL 001-1-53664-6

Standardchartered (Thai) Bank PCL 051-1-07501-9

Kiatnakin Bank PCL 00011300000058

Thanachart Bank PCL 014-3-00524-4

UOB Bank PCL 739-3-63022-5

Citibank Thailand PCL 080-0-35104-9

Krung Thai Bank PCL 039-6-03711-9

After IPO Period In case that the investor does the transaction via Siam Commercial Bank Public Company Limited and the channels

specified by the Bank To pay the price in cheque or draft having the date as same as the subscription date and the cheque must be

crossed to be paid to “Siam Commercial Bank Public Company Limited for the SCB Asset Management Company Limited’s Open-end Fund”.

In case that the investor does the transaction through the Management Company or other appointed selling agents To deposit the cheque or cash into “Account for subscription of the SCB Asset Management Company Limited’s

Open-end Fund” according to the details as follows:-


Siam Commercial Bank PCL 049-3-14025-7

Kasikorn Bank PCL 745-1-03996-7

Bank of Ayudhaya PCL 777-0-05798-9

Bangkok Bank PCL 129-3-16153-3

TMB Bank PCL 001-1-53664-6

Standardchartered (Thai) Bank PCL 051-1-07501-9

Kiatnakin Bank PCL 00011300000058



Thanachart Bank PCL 014-3-00524-4

UOB Bank PCL 739-3-63022-5

Citibank Thailand PCL 080-0-35104-9

Krung Thai Bank PCL 039-6-03711-9

Investment Units Redemption in case of Auto-Redemption (1) The Management Company will render the automatic redemption of the investment units for the Unitholders not

exceeding 12 times a year. The Management Company will be deemed to have approval from the Unitholders to redeem such investment units and also to assign the Management Company to implement such automatic redemption of the investment units. However, the automatic redemption of the investment units will result in the decrease of number of each Unitholder’s investment units.

(2) The consideration on the amount and the payment of automatic redemption of the investment units are subject to the Management Company’s discretion. In this regard, the Management Company will implement the automatic redemption of the investment units from returns of investment and/or principal.

(3) the Management Company will implement the automatic redemption of the investment units according to above-mentioned Clause 1 by investing money of every Unitholder in SCBSFF or debt instrument mutual fund, money market mutual fund as specified by the Management Company, or other mutual fund according to the intention of the Unitholders. The supporting fund on this matter will be specified by the Management Company;

(4) the Management Company reserves the right to implement the automatic redemption of the investment units for the Unitholders whose names appeared in the evidence of the registration of the Unitholders subject to the Management Company’s discretion;

(5) With regard to the criteria for calculating the price of investment units redemption, the Management Company will use the calculated value of investment units at the end of business day of automatic redemption of the investment units. If the unitholders place the redemption orders / switching orders on the auto redemption date as much as the investment units remained are not sufficient for making any auto redemption transaction, the management company shall reserve the rights to proceed all of the auto redemption transactions remained by regarding as having already obtained the consent from the unitholders.

In addition, the management company reserves the rights not to proceed any auto redemption upon the occurrence of each or many of the following event(s): - If the unitholders’ investment units are seized or attached by legally authorized authorities, the management company

shall not in any manner proceed the auto redemption; provided that this shall apply to the investment units only which are seized or attached.

- If the unitholders’ investment units are pledged, the management company shall not in any manner proceed the auto redemption; provided that this shall apply to the investment units only which are pledged.

- If the management company considers and sees that the refusal to accept the auto redemption at that time can bring advantages to the unitholders.


The unitholders shall not be able to withdraw the consent to place the redemption orders as aforementioned in (1) hereof unless the management company sees appropriate and grants the permission to each and every unitholder on a special basis. In case of Ordinary Redemption . The unitholders are able to redeem at the amount of, at least, Baht 1,000 and a minimum balance of their accounts at Baht 1,000. In this regard, the Management Company shall re-pay to the investors within 5 days from the date of calculating values of asset, investment unit, sale, and redemption on the transaction date without calculation of a public holidays of foreign countries, the management company will announce the public holidays of foreign countries via website of the management company and of the selling agent (if any). by way of money transfer to the investors’ bank account or issuance of A/C-payee-only cheque, in accordance with a pre-request of the investors. The investor can subscribe the investment units on every Trading Date* at: Siam Commercial Bank PCL., Tel. No. 0-2777-7777, Press “0”, Press “6”, starting business hour-15.00 hrs.; Siam Commercial Bank PCL., during the initial period, the investor may subscribe the investment units at o Siam Commercial Bank PCL., Tel. No. 0-2544-3866-7, 0-2544-3871-2, 0-2544-3874-6, 0-2544-3900,

0-2544-3907, 0-2544-3909, 0-2544-3941, 0-2544-3998 and at every branch during 8.30-15.00 hrs.

o Internet Banking Service, SCB Easy Fund under SCB Easy Net, www.scbeasy.com, during service time -15.00 hrs. Moreover, the Asset Management Company may consider to appoint additional other Selling Supporters or the Redemption Supporters or may change such appointment later. (*Trading Date mentioned above means calendar days which are normal business days of Asset Management Company and of the foreign country invested by the Fund and the country relating the investment or as additionally announced by Asset Management Company.)

Q: What are the cases that the Fund reserves the right not to sell the investment units? A: The Management Company and/or an authorized person of the Management Company is entitled to reject and/or withhold

and/or terminate transactions of Unit holders in whole or in part as see fit without providing prior notice to the Unit holders in case of an event or events occurred as follows: (A) The Unit holders fill in details of Fund’s service application form and/or subscription order of investment units and/or

identity form of order issuer of investment unit and/or other documents as required by the Management Company but not completely for complying with the laws on anti-money laundering, and/or the order issuer of investment units fails to submit any document or evidence containing the details as specified by the Management Company;

(B) The Management Company views that the subscription order of investment units may be in the nature of breaking the laws on anti-money laundering and/or using it as a way of money laundering and/or using it as a way of providing financial support to terrorism in pursuant to the laws on anti-money laundering, or may be in the nature of avoiding laws or violating any laws;

(C) The Management Company views that such subscription of investment units may affect the investment of mutual fund, other order issuer of investment units, or credibility, or image of asset management business, or reputation of Management Company;



(D) The Management Company reserves the right to reject the offering of investment units to minimum two natural persons at but not exceeding four natural persons for jointly holding the investment units and then found that some or all of investors have already deceased;

(E) For the maximum benefits of SCBAEMH Fund management (“Fund”), the offering of investment units or a switch of investment units of the Fund shall be under the discretion of The Management Company solely. The Management Company reserves the right to accept or reject the offering and switch of investment units of the Fund to any persons. The Management Company intends not to offer or switch investment units of the Fund including but not limited to US citizens, persons whose domicile are in U.S.A., persons whose address are normally in U.S.A. including properties of such persons, and companies or partnerships where have been established and of which activities have been conducted in U.S.A.

(F) The Management Company reserves the right to refuse the investment units subscription order of the investor, if such subscription order is in contrast to the rule of the Office of Securities and Exchange Commission or affects the management of the fund. The Management Company will seriously take the benefits of unitholders into consideration;

Q: What are the regulations concerning postponement of payment for investment unit redemption, rejection of subscription and redemption of the investment units according to the accepted order, and the cease of acceptance of subscription order or redemption orders?

A: The postponement of payment due in case of investment unit redemption for the Unit holders.

The Management Company may postpone the payment due of investment unit redemption for the Unit holders making redemption order of investment units of Fund only in the case being determined which shall not be beyond the following cases. (1) The Management Company, after consideration, believes in good faith and reasonably that it complies with the following

causes according to the approval of Trustee. (a) There is necessity being unable to distribute and transfer securities or assets of Fund reasonably, or; (b) There is a cause making the Fund not to receive the payment from securities or assets invested in normal period which

such cause is beyond the control of Management Company; (2) The redemption order of investment units is made, but during that period the Management Company still does not make

payment for the redemption of investment unit to the Unit holders, the Management Company found that the redemption price of investment units are incorrect and the Trustee still does not certify the information in the report of amendment to retrospective price and the report of price compensation. The incorrect redemption price of investment units differs from the correct price starting from 0.01 baht and above, equivalent to a rate of 0.5% of correct redemption price and above.

(3) The redemption order of investment units is made during the period that the Management Company found that the redemption price of investment units is incorrect and the Trustee still does not certify the information in the report of amendment to retrospective price and the report of price compensation. The incorrect redemption price of investment units differs from the correct price starting from 0.01 baht and above, equivalent to a rate of 0.5% of correct redemption price and above. In this regard, the postponement of payment due in case of investment unit redemption as mentioned above, the Management Company would take actions as specified in details of project and regulations stipulated by the Securities and Exchange Commission.


In case of not selling, or redemption, or switching investment units as being ordered The Management Company may not sell or repurchase the investment units accordingly to the accepted subscription order or redemption order or may cease taking subscription order or redemption order only in the case of being determined which is not beyond the following cases. (1) The SET cannot be opened for trades as usual. (2) The Management Company, after consideration, believes in good faith and reasonably that it complies with the following

causes according to the approval of Trustee. (a) There is necessity being unable to distribute and transfer securities or assets of Fund reasonably; (b) Being unable to calculate asset value of Fund fairly and appropriately; or (c) There is any other necessity in order to

protect benefits of Unit holders In this regard, a rejection of selling or redeeming investment units against a accepted order or a cease of taking subscription order or redemption order of investment units according to (a), (b), or

(c) can be conducted not exceeding one business day, except the relaxation is granted from the Office. (3) In case where the Mutual Fund invests in offshore securities or assets and then the following events are occurred which

provide an impact to the Mutual Fund significantly; (a) The stock markets cannot be opened for trades as usual. This is only in the case where the Mutual Fund invests in

securities traded in such stock markets exceeding 10% of asset value of mutual fund; (b) The occurred event prevents free money exchange and money transfer from and to foreign country as usual or; (c) There is a cause making the Fund not to receive the payment from securities or assets invested in normal period which

such cause is beyond the control of Management Company and approved by the Trustee. (4) A rejection of selling investment units according to the subscription order or a cease of taking subscription order of

investment units conducted only to some specific investors because the facts appear as follows: (a) The Management Company reasonably suspects that such investors involve with the following actions. 1. The act of predicate offence or money laundering by law concerning anti-money laundering regardless of Thai or foreign laws; 2. Providing financial support to terrorism or; 3. The act to follow any instruction concerning asset foreclosure or sequestration conducted by person in authority. (b) The Management Company cannot proceed to know a customer and verify to recognize fact regarding such customer

for his/her significant matters. In this regard, the operation for a rejection of selling or redeeming investment units against an accepted order as mentioned above shall be carried as specified in the details of project and regulations stipulated by the Securities and Exchange Commission.

The cease of taking subscription order or redemption order

In order to protect benefits of Unit holders, or in the case where there is necessity to maintain economic and financial stability of the country, or to ensure stability of financial market, the Management Company shall temporarily cease taking subscription order or redemption order of Fund’s investment units complying with the duration announced by the Securities and Exchange Commission, but not exceeding 20 days consecutively, except the Securities and Exchange Commission shall extend the withholding duration of taking subscription order or redemption order.


Q: What is the operation of switching investment units?

A: The Unitholders can switch the investment units by contacting the Management Company, or selling agents appointed by the Management Company (if any) who are able to take subscription order or redemption order, or persons in charge of selling and redeeming the investment units, or Internet Banking Service or any other channels specified by the Management Company.

The Management Company may amend the procedure of switching the investment units without being considered as amendment to the project as specified in the project’s details. The Asset Management Company may inform the Securities and Exchange Commission and post the announcements at the headquarter and branch offices of selling supporters or redemption supporters, post on websites of Management Company and websites of selling supporters or redemption supporters (if any) to notify the Unit holders not less than 7 days prior to the change in service. The operation carried by the Management Company shall basically consider the Fund’s benefits and Unit holders.

Q: What are procedures and limitations of transfer of investment units of this Mutual Fund?

A: The Unit holders can transfer the investment units based on the following cases.

(a) Transfer of investment units to father, mother, children, and spouse of Unit holders. (b) Transfer of investment units complying with the court order or the operation of law (excluding the case where the

minimum of two natural persons at but not exceeding four natural persons for jointly holding the investment units and then found that some or all of investors have already deceased, except the court shall order otherwise).

(c) Transfer of investment units in other special cases as the Management Company sees fit and approves the transfer. In this regard, the transferor and transferee shall submit an application form of investment unit transfer by himself/herself at Registration Office of Investment Units in case where the transferor is still not the service user of Management Company. The transferee shall fill in details in the application form of service request and then submit it to the registrar of investment units together with the application form of investment unit transfer and pay transfer fee complying with a topic of transfer fee of investment units as specified in the project’s details (if any). The registrar of investment units shall record the information of investment unit transfer and issue a unit transfer certificate together with investment unit right certificate to the transferee while the unit transfer certificate shall be issued to the transferor within 7 days from the date the registrar of investment units receives the application form of unit transfer request. In this regard, the rights of Unit holders shall be effective when the registrar of investment units records the information in the Unit holder Registration. For the maximum benefits of SCBAEMH (“Fund”) fund management, the acceptance of registration of investment unit transfer shall be under the discretion of Management Company solely. The Management Company reserves the right to accept/reject registration of investment unit transfer to any person. The persons whom the Management Company intends not to accept the registration of investment unit transfer include but not limited to US citizens, persons whose domicile are in U.S.A., persons whose address are normally in U.S.A. including properties of such persons, and companies or partnerships where have been established and of which activities have been conducted in U.S.A.

Q: How can the investor know NAV? A: The Management Company will announce the net asset value, value of investment units and price of investment units in

website which is www.scbam.com (if any) on every business day.

http://www.scbam.com/


Rights of Unit holders

Q: Does this Mutual Fund issue and deliver investment unit certificate? How?

A: The Management Company shall issue investment unit right certificate to the Unit holders every time that the Unit holders conduct subscription, redemption, or switching transactions of investment units to affirm such transactions of Unit holders. In case where the subscription order is made during IPO, the registrar of investment units who are assigned from the Management Company shall deliver investment unit right certificate/subscription certificate together with receipt and tax invoice for investment unit fees (if any) to the person submitting subscription order via mail within 7 days from the registration date of Fund. In terms of any transaction made after IPO, the registrar of investment units and/or selling supporters or redemption supporters who are assigned from the Management Company shall deliver investment unit right certificate together with a confirmation of such transaction, tax invoice for fees of sale/redemption/switching investment units (if any) and/or receipt to the Unit holders via mail within 7 days from the date of calculating values of asset, investment unit, sale, and redemption on the transaction date, except the Management Company shall approve of any other operations.

Q: What are the limitations of Unit holder’s rights of this Fund under the following conditions?

A: The right of not receiving allocation of investment units The Management Company will not allocate the investment units to the person purchasing the investment units exceeding the restriction of investment units holding according to the notification of Capital Supervisory Board regarding the rule of the restriction of investment units holding in mutual fund and the duties of the Management Company; The right of casting vote to amend the investment management project or management procedure. In the case where any person or a same group of persons holds the investment units exceeding one-third of wholly sold investment units, the Management Company or the securities company who own the Omnibus account will not count the votes of person or a same group of persons holds the investment units exceeding one-third of wholly sold investment units

Q: Channel and procedure that the Unit holders can verify guidelines of exercising their rights to cast vote and the proceeding of vote casting of the Management Company additionally.

A: The investors can verify the guidelines of exercising someone’s rights to cast his/her vote and the process of casting vote which the Management Company would post the announcements at the Management Company’s office or on the Management Company’s website.

Q: Does this Mutual Fund have a channel and process of complaints for investors? Does the Mutual Fund have a policy to settle a dispute by arbitration procedures and a process to enter into such procedures? How?

A: The Unit holders can submit complaints to

SCB Asset Management Co., Ltd., Customer Relation Department, Tel.No.0-2777-7777, Press “0”, Press “6”

The office of the Securities Exchange Commission (Help Center), Tel.No.0-2263-6000

Trustee : Kasikorn Thai Bank PCL. Tel. 0-2470-3207.


The settlement of dispute through arbitration procedures In the case where the Management Company breaches or does not comply with regulations concerning an approval of establishment of general mutual fund and the breach and omission cause damages to the Mutual Fund or investors, the Management Company shall remedy the damage without delay. In case where a dispute is between the Management Company and investor, the Management Company agrees to refer such dispute into the hearing of arbitration.

The persons related to the Mutual Fund’s management

Q: What is information about the Asset Management Company? A: The SCB Asset Management Co., Ltd. was established on 18th March 1992 as a subsidiary in SCB Group where receives a

license granted by Ministry of Finance to run securities business in a type of mutual fund management, provident fund management, and personal fund management. Presently, the Asset Management Company has 174 funds in total under our management and NAV amounts to 888,621,726,775.25 Baht (information as of July 31, 2017). Management Team

1. Mr. Smith Banomyong Chief Executive Officer 2. Mr. Narongsak Plodmechai Managing Director & CIO 3. Ms. Pinkeo Saikeo EVP, Provident Fund Business Group 4. Mrs. Pinsuda Phuwiphadawat EVP, Strategy & Planning Group 5. Mrs. Nunmanus Piamthipmanus EVP, International Investment & Product Strategy Group 6. Ms. Charupatra Tonglongya EVP, Equity Investment Group 7.Mr. Achawin Asavabhokin EVP, Product & Foreign Fixed Income Group 8. Mrs. Tipaphan Puttarawigorm EVP, Property & Infrastructure Investment Group 9. Miss Somjai Rojnlertchanya EVP, Accounting & Operation Group 10. Ms. Amornmarn Ampornpisit EVP, Agents Business Group 11. Ms. Pijittra Trirattanathada EVP, Property & Infrastructure Investment Group 12. Miss Varisa Labanukrom EVP, Private & Institutional Business Group 13. MR. Yuttapon Wittayapanitchagorn EVP, Fixed Income Investment Group

Board of Directors 1. Mr. Smith Banomyong Director and Chief Executive Officer 2. Mr. Anucha Laokwansatit Chairman 3. Dr. Arak Sutivong Director 4. Mr. Chalitti Nuangchamnong Director and Secretary 5. Ms Sutapa Amornvivat Director 6. Mrs. Apiphan Charoenanusorn Director and Chairman of the Audit Committee 7. Miss Saranya Vajakul Director and Member of the Audit Committee

Q: Investment Committee A: 1. Mr. Smith Banomyong


2. Mr. Narongsak Plodmechai 3. Ms. Charupatra Tonglongya 4. Mrs. Nunmanus Piamthipmanus 5. Mr. Achawin Asavabhokin 6. Mr. Yuttapon Wittayapanitchagorn 7. Mr. Poonsuk Lohsoonthorn 8. Ms. Mayura Tinthanasan 9. Mr. Eakaluck Krasaesian 10. Ms. Suparat Areewong 11. Ms. Orawee Udompanich 12. Mr. Supakorn Tulyathan 13. Mr. Sira Pasinpong 14. Mr. Chittikhun Kulchittivej 15. Ms. Sasipim Sodsangchant

Q: Fund manager’s Profile A: Asset Allocation & Foreign Investment Fund Group

No Name Duties and

Responsibilities Education Work Experience

1 Mr. Supakorn Tulyathan Investment management - Master's degree Master of Arts in Internaltional Economics and Finance Chulalongkorn University

- Bachelor's degree Bachelor of Science in Psychology Washington State University

- CFA Charterholder, Fund Manager License

- Senior Vice President Fund of Fund Department SCB Asset Management Co., Ltd.

- Senior Vice President Asset Allocation & Investment Strategy Department SCB Asset Management Co., Ltd.

- Assistant Vice President Equity Fund Management Department One Asset Management Limited

- Fund Manager Fixed Income Department Aberdeen Asset Management Co., Ltd.

- Economist TISCO Securities Co., Ltd.

2 Mr.Apiwat Napratansuk Investment management - Master of Arts in Internaltional Economics and Finance, Chulalongkorn University

- Bachelor of Economics (First Class Honors), Chiang Mai University

Licenses

- Assistant Vice President, Fund of Funds and Asset Allocation Department SCB Asset Management Co.,Ltd.

- Senior Analyst, Financial Market Department The Bank of Thailand


No Name Duties and


- CFA level III candidate - FRM Level II candiate - Fund Manager License - Bond Trader License - CISA Level II candiate

3 Mrs.Wilai Chayangkasen Investment management - Master of Science in Finance, Chulalongkorn University

- Bachelor of Arts in Economics, Thammasart University

Licenses Fund Manager - Derivatives Fund Manager - CFA - FRM

- Vice President, Asset Allocation Department SCB Asset Management Co.,Ltd.

- Fund Manager, Investment Management, Phatra Asset Management Co., Ltd.

- Fund Manager, Investment Management, Tisco Asset Management Co., Ltd.

- Fund Manager, Investment Management, Finansa Asset Management Co., Ltd.

- Equity Analyst, Research Department, Government Pension Fund

- Equity Analyst, Research Department, Seamico Securities Co., Ltd.

4 Mr.Suppachark Erbprasartsook

Investment management - Certificate of Management Sloan School of Management, Massachusetts Institute of Technology (MIT), USA

- Bachelor's Degree Bachelor of Arts in Economics Thammasat University

- Master's Degree in Finance National Institute of Development and Administration (NIDA)

- Master of Business Administration in finance Fudan University, Shanghai

- Licenses Fund Manager CFA Level I

- Assistant Vice President, Fund of Funds and Asset Allocation Department SCB Asset Management Co.,Ltd. - Fund Manager, Global Investments Krungsri Asset Management Co.,Ltd. - Lecturer in Finance, Sripatum International College - Payables Associate, Exxonmobil

5 Mr. Vijak Na Chiengmai Investment management - Master's Degree Master of Manager, Fund of Funds


No Name Duties and


Commerce, Applied Finance Major The University of Queensland

- Bachelor's Degree Bachelor of Engineering, Electronics Major King Mongkut's Institute of Technology Ladkrabang

- Licenses Fund Manager CFA Level I

Department SCB Asset Management Co.,Ltd.

Q: Name of Selling Agents, Registrar and Trustee

A: Selling Agents

Selling Agents Telephone number

1 SIAM COMMERCIAL BANK PCL

0-2544-3866-7, 0-2544-3871-2, 0-2544-3874-6, 0-2544-3900, 0-2544-3907, 0-2544-3909, 0-2544-3941, 0-2544-3998

2 PHATRA SECURITIES PUBLIC COMPANY LIMITED 02 3059000

3 KRUNGSRI SECURITIES PUBLIC COMPANY LIMITED 02 6597777 4 LH BANK PUBLIC COMPANY LIMITED 02 3590000 5 ADVANCE LIFE ASSURANCE COMPANY LIMITED 02 6483600

6 KTB SECURITIES (THAILAND) COMPANY LIMITED 02 6481111 7 CAPITAL NOMURA SECURITIES PUBLIC COMPANY LIMITED 02 6385000

8 UOB KAYHIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED 02 6598000

9 KT ZMICO SECURITIES COMPANY LIMITED 02 6955000 10 ASIA PLUS SECURITIES PUBLIC COMPANY LIMITED 02 6721000 11 DBS VICKERS SECURITIES (THAILAND) COMPANY LIMITED 02 6577799

12 FINANSA SECURITIESCOMPANY LIMITED 02 6973875 13 BUALUANG SECURITIES PUBLIC COMPANY LIMITED 02 6181000

14 INDUSTRIAL AND COMMERCIAL BANK OF CHINA (THAI) PUBLIC COMPANY LIMITED 02 6639999

15 HUA SENG HENG GOLD FUTURES COMPANY LIMITED 02 2232288 16 FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED 02 6589000

17 AIRA SECURITIES PUBLIC COMPANY LIMITED 02 6848888 18 GLOBLEX SECURITIES COMPANY LIMITED 02 5725999

http://www.set.or.th/set/memberinfo.do?id=6&language=en&country=US














Selling Agents Telephone number

19 RHB OSK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED 02 8629999

20 LAND & HOUSE SECURITIES PUBLIC COMPANY LIMITED 02 3525100 21 CIMB SECURITIES (THAILAND) COMPANY LIMITED 02 6273100 22 SCB SECURITIES COMPANY LIMITED 02 9491000

23 MERCHANT PARTNERS ASSET MANAGEMENT LIMITED 02 6606677

24 CENTRAL WEALTH SOLUTION MUTUAL FUND BROKERAGE SECURITIES COMPANY LIMITED 0-2101-8550

25 INFINITI MUTUAL FUND BROKERAGE SECURITIES COMPANY LIMITED 02 2383987

26 TRINITY SECURITIES 02 8019100 02 3439500

27 MAYBANK KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED 02 6586300

28 IV GLOBAL SECURITIES PUBLIC COMPANY LIMITED 026585800 29 WEALTH TAGIK MUTUAL FUND BROKERAGE LIMITED 02 8614820

30 ASIA WEALTH SECURITIES COMPANY LIMITED 02 6805000

31 WEALTH REPUBLIC MUTUAL FUND BROKERAGE SECURITIES COMPANY LIMITED 02 2666698

32 THANACHART SECURITIES PUBLIC COMPANY LIMITED 02 2178000

33 KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED 02 6588888 34 COUNTRY GROUP SECURITIES PUBLIC COMPANY LIMITED 02 2057000 35 AEC SECURITIES PUBLIC COMPANY LIMITED 02 2070038

36 PHILLIP SECURITIES (THAILAND) PUBLIC COMPANY LIMITED 02 6351700

The Management Company may consider to appoint additional other Selling Supporters or the Redemption Supporters or may change such appointment later.

Registrar Siam Commercial Bank PCL Tel.0-2218-2332-7

Trustee Kasikorn Thai Bank PCL. Tel. 0-2470-3207 “Other than the duties stipulated in the agreement of appointment of trustee, there are also the duties according to laws in preserving the benefits of the unitholders.”













The channel that the investors can gather additional information

SCB Asset Management Co.,Ltd. Address : 7th-8th SCB Park Plaza 18 Ratchadapisek Rd., Chatuchak, Bangkok 10900 Thailand Website: www.scbam.com

Every branch of Siam Commercial Bank PCL Call Center: 02 777 7777 press 0 press 6 Selling Agents who are assigned from the Management Company

The Management Company may consider to add or change the channel later.



Risk factors of the Fund and Guidelines of Management for Risk Decrease

The Fund has policy to focus on investment in the investment units of only foreign mutual fund (Feeder Fund) i.e. BGF Asian Growth Leaders Fund share class D2 USD of which has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund’s NAV. Also, the Fund’s investment results in having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV.

1. Country and political risk The risks in terms of stability and the change of politics, economy, society, market condition, liquidity. Financial measures amidst unusual circumstance including restrictions in the country where the investment is made.

2. Exchange rate risk

The risk is from the fluctuation of foreign exchange rate because the investment in foreign securities whose its currency is different from that of the currency mobilized from the Unit holder, the ratio of the yield of investment will defend upon the exchange rate at that period of time, that is, the exchange rate may increase or decrease when compared with the exchange rate during the time of initial investment. Accordingly, the number of report, value of investment units may fluctuate and there may be the profit and loss from the investment.

3. Market Risk

Market risk is a risk caused by pricing volatility of financial instruments due to economic, social, and political situations of the country which the company issuing the financial instruments cannot control this type of risk

The Asset Management Company would analyze factors and follow up change in situations which may affect the price so as to reduce the impacts on the Fund’s NAV.

The Fund focuses on the investment in investment units of foreign fund which may be in different currency and the Fund has not invested in the Derivatives for hedging the risk from exchange rate in securities or property in foreign currency held by the Fund compared with the THB currency in the whole amount, as a result, the Unit holders may suffer loss or may have profit from the exchange rate only for the securities or properties in foreign currency which have no hedging. Moreover, hedging transaction may incur expense, consequently, the yield of Fund may decrease from such cost increase

The Fund has the policy to focus in the investment in the investment units of only fund (Feeder Fund) which has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund’s NAV. The Fund, therefore, may be affected if there is change of politics, terms, rules or policies of the government in country administration, for instance, the policy of finance regarding the restriction of free money inflow-outflow, regulation and relevant laws in establishing the fund which may be different from the rules and relevant law in establishing the fund of Thailand, etc. In considering on investment, the Asset Management Company will closely follow up the situation of change of politics, economy, financial market, capital market including various basic factors of the country in which the Fund has invested in order to assess the risk from investment in such country and to take an appropriate action in order to decrease the Country Risk.


4. Business Risk: Business risk is the risk incurred from operating result of the instrument issuers, in which the Fund has invested, caused by change in the profitability of companies. The main factors of this are severe competition and management error etc, probably leading to loss of investment money.

5. Credit risk / Default risk

This risk is from the default of payment of principal and interest of the issuer of instrument and/or the acceptor, aval giver, guarantor or the counter party because the issuer of instrument and/or the acceptor, aval giver, guarantor or the counter party has worse operating result and financial status, accordingly, it results in lack of liquidity to pay money according to the obligation when due. As a consequence, the investor may not receive the payment of interest and principal according to the due period of time.

6. Counter Party Risk The risk is from the case where the contractual parties of transaction are unable to pay money according to the contractual obligation (Counter Party Risk) because the performance and financial status decreases, accordingly, they lack the liquidity to make payment according to the obligation.

7. Leverage Risk

The fund may enter into derivative transactions whose notional exceed the fund’s net asset value and may experience larger losses than the underlying as a result

The Fund has the policy to focus in the investment in the investment units of only fund (Feeder Fund) having an average net exposure relates to foreign risks for the accounting year at or more than 80% of the Fund’s NAV. For the remaining portion, the Asset Management Company considers to invest in or acquire the equity, debt instrument, convertible bond, deposit both in country and/or in foreign country and debt instrument with the investment grade rated by the credit rating institute accepted by the Office of SEC which will help decrease the risk.

The Asset Management Company has rules in selecting its partner for securities trading. The Fund will trade its securities with the company with investment grade rated by the credit rating institute accepted by the Office of SEC in order to decrease the risk in case where the counter party is unable to perform the contractual provision as agreed.

The Asset Management Company shall analyze factors affecting price and selection of quality instruments by basically focusing on the investor’s benefits.

The fund will conduct careful analysis before making the investment and continue to constantly monitor the portfolio as to minimize the probability of such event happening.


8. Liquidity risk This risk is from the fact that the Fund is unable to trade the securities or instrument held by the Fund in the appropriate price and within the reasonable period of time because the opportunity to trade such securities or instrument is limited.

9. Risk from the Late Payment in case of Redemption of Foreign Fund Investment Units

The risk is from the fact that the holidays of the country where the investment is made or the country relating to the investment may be different from the holidays in Thailand, accordingly, the Fund may receive the late payment of amount from the redemption of foreign fund’s investment. Such circumstance may affect the payment of redemption of investment units to the Unit holders in Thailand.

10. Repatriation Risk Repatriation risk is caused by domestic changes in the countries where the Fund invests in, such as issuing emergency measures which prevent the Fund from bringing investment money and its return back to the country entirely as being forecasted. The risk affects the investment return prediction of Fund.

The Asset Management Company would analyze factors which may affect the repatriation of investment money belonging to foreign investors in the countries the Fund invests in carefully.

The Fund shall primarily make an investment in the foreign mutual fund. For the remaining portion, it shall be placed in or hold equity, debt instruments, hybrid securities, and/or deposits, and/or certificates of deposits both in domestic and/or foreign countries. The management company shall take the investment in good-quality instruments, the flexibility of trading, and the Fund’s risk management into account before making an investment decision. With regards to the redemption of investment units, the management company has imposed that every trading day so the liquidity risk is low.

The Fund invests in the investment units of only fund (Feeder Fund) which has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund’s NAV , as a result, there may be problem due to the fact that the holiday of the country where the Fund invested or the country relating to the investment (if any) different from the holidays of Thailand. The Fund may face the problem of late payment of the redemption of investment units to the Unit holders. The Asset Management Company will pay the money for redemption of investment units to the Unit holders within 5 business days as from the date of calculation of value of properties, value of investment units, selling price and redemption price of the business day on which the investment units are redeemed (T+5).


Summary Table of Investment Ratio of the Fund SCBAEMH will invest or hold securities or assets to be as the Fund’s assets according to the following ratio. Part 1 : Investment ratio calculating by a single issuer or counter party (Single Entity Limit) Remark: In case of the following assets, there is no limit as to single entity limit for trustees, issuers, or counter parties, as

the case may be 1. Bank deposits or bank deposit equivalent instruments for operation of mutual fund 2. Derivatives on organized exchange

Item Type of Assets Ratio (% of NAV) 1 Debt instruments of Thai governmental sector No limit 2 Debt instruments of foreign governmental sector

2.1 In case of having a credit rating of the first 2 ranking or above.

No limit

2.2 In case of having a credit rating of investment grade but not less than the first 2 ranking or above.

Not exceeding 35%

3 CIS units No limit 4 Bank deposits or bank deposit equivalent instruments of

which a trustee or issuer have one of the following nature: 4.1 Having a credit rating at investment grade; 4.2 Being Government Saving Bank, only for the case of money deposit or instruments which has the government being as guarantor.

Not exceeding 20% or not exceeding 20% for foreign investment or where the obligors residing in foreign countries;

and selecting a credit rating of national scale type as specified by the notifications of the

SEC. 5 Instruments with all of following natures:

5.1 Being debt instruments, Hybrid instruments, SN or Sukuk of which the issuers are incorporated under Thai laws or a branch of foreign commercial bank allowed to operate its business as commercial bank in Thailand 5.2 Instruments with one of the following natures: 5.2.1 The issuer is a listed company 5.2.2 The issuer has disclosed information publicly having details in accordance with the Information Filing Form for Securities Offering 5.2.3 In case of instruments with maturity date < 397 days as from the investment date which have no a nature referred in item 5.2.1 or item 5.2.2, the obligor according to such instruments shall be the following person: 5.2.3.1 Commercial banks, finance company or credit fancier according to the laws on financial institutes 5.2.3.2 Government Saving Bank 5.2.3.3 Government Housing Bank 5.2.3.4 Bank for Agriculture and Agricultural Co-operative 5.2.3.5 Secondary Mortgage Corporation 5.2.3.6 Small and Medium Enterprise Development Bank of Thailand 5.2.3.7 Export-Import Bank of Thailand 5.2.3.8 Islamic Bank of Thailand 5.2.3.9 Securities Company 5.3 Offering in Thailand

Not exceeding the following ratio, whichever rate higher: (1) 20%; Or (2) weight of instruments invested in benchmark

+5%


Item Type of Assets Ratio (% of NAV) 5.4 Having a credit rating at investment grade. 5.5 In case of instruments with maturity date > 397 days as from the investment date, the instruments shall be registered or listed in regulated market systems.

6 The following assets 6.1 Equity instruments listed and exchanged on Stock Exchange of Thailand (SET) or foreign stock exchange (but exclusive of equity instruments of which the issuers are during a rectifying process of being delisted from SET or foreign stock exchange) 6.2 Equity instruments issued by companies incorporated under either Thai or foreign laws, whereby shares of those companies has been exchanged publicly on SET or foreign stock exchange (but exclusive of equity instruments which its issuers are during a rectifying process of being delisted from SET or foreign stock exchange) 6.3 Shares offered during the IPO period for listing purpose according to item 6.1 6.4 Instruments with all of following natures 6.4.1 Debt instruments, hybrid instruments, SN or Sukuk, which the issuers are incorporated under the Thai laws and offering the said instruments in overseas; or incorporated under foreign laws (but exclusive of branch of foreign commercial bank allowed to operate its business as commercial bank in Thailand); or a Basel III instruments. 6.4.2 Having a credit rating at investment grade. 6.4.3 Instruments with one of the following nature 6.4.3.1 The issuer is a listed company of SET or of the foreign securities exchange 6.4.3.2 The issuer has disclosed information publicly having details in accordance with the Information Filing Form for Securities Offering 6.4.3.3 In case of instruments with maturity date < 397 days as from the investment date which have no a nature referred in item 6.4.3.1 or item 6.4.3.2, the obligor according to such instruments shall be the following person: 6.4.3.3.1 A person in item (b) 5.2.3.1-5.2.3.9 6.4.3.3.2 International financial institute of which Thailand is a member. 6.4.3.3.3 Financial Institute having the same nature as persons referred in item 6.4.3.3.1-6.4.3.3.2 6.4.4 In case of instruments with maturity date > 397 days as from the investment date, the instruments shall be registered or listed in regulated market systems 6.5 Derivatives warrant, of which the credit rating of the

Not exceeding the following ratio, whichever rate higher: (1) 15% (or not exceeding 10% for foreign investment or where the obligors residing in foreign countries; and selecting a credit rating of national scale type as specified by the notifications of the SEC; Or (2) weight of instruments invested in benchmark + 5%


Item Type of Assets Ratio (% of NAV) issuer is at investment grade. 6.6 The following transactions, of which a credit rating of the counter party is at investment grade. 6.6.1 Reverse repo 6.6.2 OTC derivatives 6.7 Infrastructure units or property units defined as follow: 6.7.1 Having listed and being in the IPO period for listing on any securities exchange for general investors of the SET or the foreign securities exchanges (excluding the said units which is during a rectification of any events which may cause such units to delist from exchanging on the SET or the foreign securities exchanges) 6.7.2 Units of funds with no diversified investment nature which invest into infrastructure projects, real estate or leasehold, as the case maybe, (diversified funds) according to a guideline stated by the SEC

7 Infrastructure units or property units of funds with diversified investment nature which invest into infrastructure projects, real estate or leasehold, as the case maybe, (diversified funds) according to a guideline stated the SEC and having a nature of item 6.7.1

No limit

8 Assets other than specified in item 1 – 7 (SIP) Not exceeding 5% in total. Part 2: Investment ratio calculated by a company group (group limit)*

Item Type of Assets Ratio (% of NAV) 1 Investing in assets of every company within the same

company group; or being a party to any transaction with the said companies

Not exceeding the following ratio, whichever rate higher: (1) 25%; Or (2) weight of instruments invested in benchmark + 10%

*Remark : The following assets have no limitation as to group limit. 1. Bank deposits or bank deposit equivalent instruments for operation of the Fund

2. Derivatives on organized exchange Part 3 : Investment ratio calculated by type of assets (product limit)**

Item Type of Assets Ratio (% of NAV) 1 Bank deposit or equivalent bank deposit instruments, B/E

or P/N which a juristic person under Thai laws (exclusive of branches of the said juristic persons in foreign countries) is an issuer, drawer or counter party, as follows: 1.1 Banks or financial institute established under specific laws 1.2 Commercial banks 1.3 Finance company 1.4 Credit fancier 1.5 Secondary Mortgage Corporation (Excluding the Fund’s assets receiving from the parties according transactions of reverse repo, securities lending

- Not exceeding 45% in total for an average of the accounting year, except of the case of mutual funds with aging < 1 year, it shall average according to the fund life cycle. - The above rate shall not apply to mutual funds of which its remaining duration is < 6 month; provided that this shall apply only to a case of mutual fund project with total aging of > 1 year.


Item Type of Assets Ratio (% of NAV) or derivatives.)

2 The following assets: 2.1 B/E P/N or SN which has non-negotiable condition, but the funds has proceeded to receive a transfer of claims thereunder according an approach permitted by laws; or to have a condition allowed the fund to redeem with the issuer. 2.2 Bank deposits or bank deposit equivalent instruments with a deposit period of 12 month. 2.3 Total SIP according to item 5 of this Part. (This item shall not apply to an investment of the close end funds and the buy & hold funds; which invest in B/E, P/N, SN, bank deposits or bank deposit equivalent instruments having the duration not longer than the fund duration or than investment cycle of mutual funds; which invest in derivatives to enable such assets having duration in accordance with the fund’s duration)

Not exceeding 25% in total

3 Reverse repo Not exceeding 25% 4 Securities lending Not exceeding 25%

5 Total SIP is the assets referred in item 8 of Part 1: Investment ratio in a single issuer or counter party limit (Single Entity Limit), including but not limited to debt instruments, Structure notes, SN or Sukuk or Basel III instruments, which have all of the following nature: 5.1 Having a nature according to item 6.4.3 and 6.4.4 of item 6 of Part 1.1: Investment ratio of general mutual fund of Part 1: Investment ratio calculating by a single issuer or counter party limit (Single Entity Limit) 5.2 Having a credit rating lower than investment grade or no credit rating.

Not exceeding 15% in total

6 Derivatives as follows: 6.1 Execution of derivative transactions for hedging purpose

Not exceeding the existing risk value

6.2 Execution of derivative transactions for non-hedging purpose

global exposure limit 6.2.1 In case where the funds have no Complex Investment The net exposure incurred from derivatives investment shall be limited to not exceeding 100% of the NAV (the calculating detail shall be considered according to the criteria set by the Office of the SEC) 6.2.2 In case where the funds have Complex Investment The net exposure incurred from derivatives investment shall be limited, whereby the maximum Value-at-risk (VaR) of the Fund shall be as follows: (1) Absolute VaR < 20% of the NAV (2) Relative VaR < 2 times of the VaR of a benchmark Remark: “Complex Investment” means an investment in future/forward contracts with complex strategic investment or an investment in future/forward contract with exotic derivatives.


Item Type of Assets Ratio (% of NAV) (The calculating detail shall be considered according to the criteria set by the Office of the SEC)

**Remark : In case of investing in bank deposit of bank deposit equivalent instruments for the fund’s operation, it has no limit as to the product limit. Part 4 : Investment ratio calculated by stake holding in the invested business (Concentration limit)

Item Type of Assets Ratio 1 Shares of any specific company

Every mutual funds altogether under management of the same management company shall have the aggregated amount of the company’s share < 25% of total voting rights of the said company.

2 Debt instruments, Hybrid instruments, Basel III instruments and Sukuk of any specific issuers (excluding Thai governmental debt instruments or foreign governmental debt instruments)

2.1 Not exceeding 1 out of 3 of the financial liability1of issuers of such instruments as publicly disclosing in the financial statement of the latest accounting year, which excluded a value of such financial liability of the creditors connected to the issuer, such as loan from a related business. In this connection, if the issuer has no any financial liability disclosed in the financial statement for the latest accounting year2, it shall use a ratio of 1 out of 3 of each offering value of the instruments according to this item of such issuer, except of the case that the issuer has submitted the Registration Statement as bound issuance program for by-program consideration. 2.2 In case where the funds invest in the instruments referred in this item, which is a newly issued instruments with credit rating lower than investment grade level or no credit rating, the management company shall invest for the funds under management of the same management companies in aggregated amount of not exceeding 1 out of 3 of each offering value of the instruments, except of the case that the issuer has submitted the Registration Statement as bound issuance program for by-program consideration. (The ratio in item 2.2 shall not apply to the instruments issued by the following persons: 1. Commercial banks, finance company or credit fancier according to the laws on financial institutes 2. Government Saving Bank 3. Government Housing Bank 4. Bank for Agriculture and Agricultural Co-operative 5. Secondary Mortgage Corporation 6. Small and Medium Enterprise Development Bank of Thailand 7. Export-Import Bank of Thailand 8. Islamic Bank of Thailand 9. Securities Company 10. International financial institute of which Thailand is a member. 11. Any other international financial institute similar to the person according to item 1.-9.)

3 CIS units of any specific fund. - Not exceeding 1 out of 3 of the total CIS units of mutual funds or


Item Type of Assets Ratio foreign CIS funds issued such units

- The above rate shall not apply to the following investments: (1) Investment in CIS units of the funds having all of the following nature with an approval of the Office of the SEC. (1.1) Small size; (1.2) Newly setup with aging not over 2 years; (1.3) Public offering to large group of investors.

4

Infrastructure units of any specific fund.

Not exceeding 1 out of 3 of the total issued infrastructure units of the infrastructure funds issued such units, unless the infrastructure units is a unit of the funds which having all of the following nature with an approval of the Office of the SEC. (1) Small size; (2) Newly setup with aging not over 2 years; (3) Public offering to large group of investors.

5

Property units of any specific fund. Not exceeding 1 out of 3 of the total issued property units of the property funds issued such units, unless the property units is a unit of the funds which having all of the following nature with an approval of the Office of the SEC. (1) Small size; (2) Newly setup with aging not over 2 years; (3) Public offering to large group of investors.

Remark : 1 Financial liability shall be considered according to the accounting standard for the issuer of the said instruments used for arranging the financial statement in compliance; provided that the complied standard as such shall be a standard for financial reports stated by the Thai Accounting Standards-Setting Committee according to laws for accounting professional; or acceptable international standard, such as, International Financial Reporting Standards (IFRS) or United States Generally Accepted Accounting Principle (US GAAP).

2 Including in case where the first arranging of the issuer’s financial statement has not yet due. In this regard, the calculation of a portion according the investment policy and the investment ratio shall be in accordance with the notification on an investment of funds specified by the Capital Market Supervisory Board and/or its amendments.


Table of Fee and Expenses collected from the Fund and Unitholder Expense and Fee collected from fund* (Accumulative Value Class) Percentage of total asset value less total liabilities before

deducting Management Fee, Trustee Fee (if any), Registrar Fee (if any) and other expenses collected from the Fund which has the basis of calculation from the net asset value(if any) as of the date of calculation of the Fund’s net asset value(3)

1. All fees and expenses be estimated Not exceed 3.21

Management fee Not exceed 2.68

Trustee fee Not exceed 0.11

Registrar fee Not exceed 0.11

As actually paid

Advertising Expenses - during IPO - after IPO

Not exceeding 0.25 per year of the Project’s capital

Not exceeding 0.25 per year (4) 2. Expense and Fee cannot be estimated As actually paid Other Expenses (2) As actually paid

Expense and Fee collected from Subscriber or Unitholder** (Accumulative Value Class) Percentage of investment units value

Front-end Fee*** Not exceeding 3.21 (Actually 1.07)

Back-end Fee*** Not exceeding 3.21 (Waived)

Switching Fee - Switching in*** - Switching out***

Not exceeding 3.21 (Actually 1.07)

Not exceeding 3.21 (Waived)

Exit Fee -none-

Expense for purchasing or selling securities when there is subscription order, redemption order or switching order (collected into the Fund) (1)

Not exceeding 0.75 (Waived)

Fee for investment unit right certificate At the rate prescribed by the Registrar

Unit Transfer Fee 10 Baht per 1,000 investment units (if any)


Remark:

* The fees or expenses shall be inclusive of value added tax, specific business tax, or any applicable tax; furthermore, such taxes shall be borne by the Fund. ** The fees or expenses chargeable to the subscribers or unitholders shall be inclusive of value added tax, specific business tax, or any applicable tax; furthermore, such taxes shall be borne by the subscribers or unitholders on each and every trading day. In case of VAT, specific business tax or any other taxed have change , the management company reserves the right to revise the Fund’s fees and expenses to be in line with such changes, not considered as an amendment of the investment guidelines. In this regard, the Management Company reserves the right to increase the fee or the above-mentioned expense of not exceeding 5% of the fee rate or expense within 1 year and it shall not be deemed as the amendment of the investment guidelines and the management company will post the announcement of such new fee or expense rate for the investors of not less than 60 days at the head office of the management company and its branch offices of the selling agents and shall notify the Office of the Securities and Exchange Commission within 15 days as from the date of such change. (1) The Fund will collect this fee by calculating into selling price or redemption price or switching in or switching out prices. However, the expense may change if the SET announces any change; (2) other expense is less than or equivalent to 0.0107% of the Fund’s NAV; (3) If Association of Investment Management Companies and/or SEC or the Office of SEC and any other relevant agencies change or add or alter the terms, condition or rules in calculating the Fund’s NAV, the Management Company reserves the right to change the method of calculation of the Fund’s NAV to be accordance with such rules and it shall not be deemed as the amendment of the investment guidelines. (4) Not exceeding 0.27% of total asset value less total liabilities before deducting Management Fee, Trustee Fee (if any), Registrar Fee (if any) and other expense collected from the Fund which has the basis of calculation from the net asset value (if any) as of the date of calculation of the Fund’s net asset value in each day. *** The front-end fee / back-end fee / switching fee may be chargeable to each unitholder or group at the different rates. The management company will notify the rules and details later.


Other information necessary for decision making in investment in the Mutual Fund’s investment units (Information of : BGF Asian Growth Leaders Fund , Information as of June 2016)

Information of master fund

Policy of Investment The investment policy of the master fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equitysecurities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital

Establishment Date 31 October 2012 Domicile Luxembourg

Dealing Day Every business day

Bloomberg BGAGLD2 ISIN LU0859042482 Index ticker MXASJ Index MSCI All Country Asia ex Japan Currency USD Manager BlackRock Global Funds website www.blackrock.com

Fee and expenses of Master Fund Max Initial Charge 5.00% Management Fee 0.75%

In case the master fund has the amendment of the Fund which the Asset Management Company considers that it is not significant amendment, the Asset Management Company reserves the right to amend the Project to be in accordance with the change of master fund and it must be deemed that there is the Unit holders’ resolution and will notify so to the Unit holders via website immediately.

Market Outlook Asian economy continues to improve which results in increasing demand for goods and services. This is being driven by a combination of stabilization in commodity price, global and regional cyclical upturn and necessary cuts to corporate capital expenditure, which are helping margins. The continuing recovery of nominal gross domestic product (GDP) growth and structural reforms in China should not be underestimated for its impact on lifting the whole region. Asia is in a much more attractive position than it has been for some time. Moreover, valuations in the Asian markets remain below long-term historical averages and already largely reflect negative sentiment and positioning. (Source: SCBAM, July 2017) (Remarks: The aforesaid investment perspectives are merely initial opinion of Fund’s managers. This is not the undertaking or guarantee of return in all aspects and written for consideration/decision making for investors only).


CAUTION / SUGGESTIONS

CAUTION OR SUGGESTION ACCORDING TO OTHER ANNOUCEMENTS

Consideration on prospectus draft of this Mutual Fund shall not be deemed that the Office has already certified the accuracy of information stated in the Fund’s prospectus nor guaranteed the price and return of investment units.

The Management Company may invest in other securities or assets for the Management Company itself in the same way as the Management Company invests in other securities or assets for the Management Company. The Management Company shall arrange a work system to prevent the conflicts of interest so as to be fair for the unitholders. In this regard, the investors can make a request to verify details of investment information for the Management Company via www.scbam.com.

The Fund is a juristic person separated from SCB Asset Management Company Limited, therefore, it has no obligation to compensate for the loss of SCBAEMH. The performance of SCBAEMH does not depend upon the financial status or the performance of SCB Asset Management Company Limited.

In case the investor wishes to know additional information, the investor can ask for the Prospectus of the Project’s information at the Management Company or the Selling Agents.

The investors should invest in the Fund when understands the risks of future contracts. In addition, the investors should take suitability of investment into account by considering investment experience, objectives of investment, and financial status.

The investor can check the information which affects the decision on investment, for instance, the transaction made with the relevant person, at the Securities and Exchange Commission or via the internet network of the SEC (http://www.sec.or.th).

The Management Company allows the employees to invest in the securities for their own benefit, subject to their compliance with all ethics and announcements prescribed by the Association of the Management Companies and shall disclose such investment to the Management Company to enable the Management Company to supervise the trading of such securities of the employees.

The investor can check the guideline for exercising the voting right and should exercise the voting right according to the method prescribed by the Management Company and announced at the office of the Management Company or at its website.

The investor should thoroughly study the information in this Prospectus until understands it and should keep it as the future reference and if the investor needs additional information, can ask the Prospectus of Project’s Information at the Management Company or the seller of investment units.

The investor should verify to make sure that the seller of the Investment Units is the person approved by the Securities and Exchange Commission. Moreover, the investor should ask the seller to show the ID card issued by the Securities and Exchange Commission.

In case where the investor has been allocated for the investment units, acknowledges and consents to be bound with the details of the Project lawfully approved and amended by the Office inclusive of the obligation between the Management Company and the Unitholders which is lawfully made and signed by the Fund’s Trustee

This prospectus is prepared on the basis of information as of 15 August 2017


http://www.sec.or.th/

mutual fund prospectus scb asian emerging markets thb … · 2017. 8. 23. · 2 scb asian emerging...

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