1

Investment in mutual fund is not a money deposit.

K Fixed-Dated High Yield 2024A Fund Not for Retail Investors

KHY24A-UI

Fixed Income Fund

Feeder Fund

Foreign investment Fund

Fund Fact Sheet

KASIKORN ASSET MANAGEMENT CO., LTD.

Certified by Thailand’s Private Sector Collective

Action Coalition Against Corruption: “CAC

Data as of 22 June 2020

Not for Retail Investors

(For Institutional and High Net Worth Investors Only)

High Risk or Complex Fund

The Fund has no investment risk limit and has high concentration in securities with credit and liquidity risks.

Also investors cannot redeem this fund before 4 years and 6 months.

If there are any factors adversely affect the investment of this fund, investors may suffer severe financial losses.

Thus the Fund is only suitable for investors who can accept greater losses.

What are you going to invest?

Who is the Fund suitable for?

What are the key risks of the Fund?

Fees and Expenses

Fund Performance

Other Information

Asset Allocation

Fund ID : H11

IPO: 29 June – 3 July 2020

KHY24A-UI 2

Investment Policy of KHY24A-UI

The Fund mainly invests in Lombard Odier Funds IV – K Income 2 0 25, (USD) I D (Master Fund) not less

than 80% of NAV on average in any accounting period. The Master Fund shall invest its assets in fixed

income securities from across rating spectrum, including investment grade and high yield. The predominant

investment is in credit bonds (non-government) but the Master fund may invest in sovereign bonds including

Treasuries for cash management purposes from the global emerging markets.

The Fund may invest in structured notes and derivatives for efficient portfolio management purpose in order

to enhance return or lessen expenses and hedge foreign exchange risk according to fund manager

discretionary. In addition the Fund may invest in local and foreign non-investment grade and unrated fixed

income securities.

The Management company reserves the right to change fund type to Fund of Funds or Foreign Direct

Investment or return to Feeder Fund without any effect to higher risk level.

Investment Policy of Lombard Odier Funds IV – K Income 2025, (USD) I D (Master Fund)

Investment Objective

To generate income via investment in debt securities from the global emerging market universe.

Investment Policy

The Master fund shall invest its assets in bonds, other fixed or floating-rate debt securities and short-term

debt securities of corporate, sovereign and/or supranational entities of Emerging Market issuers or of

entities incorporated or exercising a prominent part of their business activities in Emerging Markets,

denominated in USD. At the discretion of the Portfolio Manager, the Master fund may be fully invested, in

accordance with the applicable diversification rules, in Cash and Cash Equivalents (including short-term

ABS/MBS which may represent up to 10% of investments within Cash and Cash Equivalents). In particular,

while approaching the Term, positions in Cash and Cash Equivalents will tend to grow.

The Portfolio Manager will use its discretion with regard to sectors, geographical exposure and maturity of the

portfolio. The Master fund may be exposed to a limited number of issuers.

The investment approach applied by the Portfolio Manager to select securities is mainly based on a

fundamental analysis of issuers, independently of their rating. The Portfolio Manager may apply qualitative

and/or systematic strategies.

What are you going to invest?

KHY24A-UI 3

The Portfolio Manager is authorized to use financial derivative instruments (in particular, but not limited to

credit (including CDS), interest rate, inflation, currency and volatility derivatives) not only for hedging

purposes but also as part of the investment strategy.

The Master fund may borrow up to 25% of its net assets to meet redemption requests, to leverage the

investment portfolio and/or to bridge the financing gap of pending receipts of subscription monies from

investors.

The expected maximum level of leverage in respect of the Master fund is 250% of NAV under the

Commitment Method and 200% of NAV under the Gross Method.

Details of Lombard Odier Funds IV – K Income 2025

Fund Name Lombard Odier Funds IV – K Income 2025

Share Class Class I D

Fund Approval Date 20 February 2020

Fund Type Fixed income fund

Currency USD

Distribution Every 3 months

Management Company Lombard Odier Funds (Europe) S.A.

ISIN LU2132885802

Benchmark None

Website https://am.lombardodier.com/funds

Remark:

- The inception date of Lombard Odier Funds IV – K Income 2025 (Master fund) is expected to be on

8 July 2020, thus there might be any chances that the Master fund can not be registered after IPO of

KHY24A-UI.

- The Master fund may be terminated before year 2025 according to KHY24A-UI’s maturity date.

Investment Strategy of KHY24A-UI

buy-and-hold

KHY24A-UI 4

Investors who seek distributions of income and can bear the risk from global fixed income securities

investment in emerging markets.

Investors who expect return more than those of deposit and accept return less than those of equity .

Investors who understand and can accept the risk of loss if the issuers of invested securities default.

Investor who can bear the fluctuation of foreign security prices, which can increase or decrease that a

loss may occur.

Who is the Fund suitable for?

Who is this fund not suitable for?

Investors who aim to receive certain amount of return and require full principal protection.

Investors who need to invest only in liquid securities with low price fluctuation.

Investors who require to redeem unit trusts before 4 years and 6 months period.

What to do if you do not yet understand investment policy and

risks of this fund?

Read fund prospectus or Inquire information from selling agents and

the Management Company.

Do not make an investment if you do not understand feature and risks

of this fund well enough.

KHY24A-UI 5

What are the key risks of the Fund?

ตวัอยา่ง

Key Risks

The Fund is labeled as high risk and complex product which may differ from plain products in the

market. The investors should allocate own portfolio’s assets to balance the risk level according to the

level that investors can accept. Discuss with your selling agents for more information is

recommended. Please study the Fund’s Prospectus and other sales materials.

The Master fund may have high concentration in a particular issuer up to 30% of NAV, causing higher

risk and price fluctuation.

The Fund and the Master fund may invest in non-investment grade / unrated securities which leads

to higher chance of default.

The Fund is not limited to invest only in low risk securities and may invest in low liquid securities

which can not be sold in the right time at the proper price.

The Fund and the Master fund may invest in derivatives for efficient portfolio management purpose and

structured notes. Besides, the Master fund may apply borrowing transaction. Hence the Fund bears

higher risk than other funds that directly invest in underlying assets.

The Fund and the Master fund may hedge foreign exchange risk as fund manager discretionary. Thus

the Fund still exposes to exchange rate risk.

The Fund is the Foreign Investment Fund (FIF). The changes in the countries in which it invests –

namely political or monetary policy change – may affect the investment unit value. This includes

implementation of measures that may cause investors to be unable to receive the redemption sum

within the period as specified in the Prospectus.

The Master fund mainly invest in emerging markets, therefore it is exposed to higher price volatility

than developed market equity funds. Investors may suffer losses or be paid back less than the initial

investment.

The Master fund is expected to be launched on 8 July 2020. In case of any events affecting the

registration of the Master fund to be ceased, unitholders will receive full amount of investment back

without deducting any expenses relating to the Fund.

KHY24A-UI 6

Fund’s Risk Level

KHY24A-UI 7

Risk Factors

• Credit Risk

International credit rating of Lombard Odier Funds IV – K Income 2025, (USD) I D

AAA AA,A BBB Below BBB unrated

Remark: Highlighted credit rating box(es) mean(s) that the foreign fund invests more than or equal to 20%

of NAV in securities with those credit ratings.

• Market Risk

Portfolio duration of Lombard Odier Funds IV – K Income 2025, (USD) I D

< 3 Months 3 Months-1 Year 1-3 Years 3–5 Years >5 Years

Standard Deviation

< 5% 5-10% 10-15% 15-25% > 25%

• High Concentration Risk

Total issuer concentration that the fund invests more than 10% of NAV.

≤10% 10% - 20% 20% - 50% 50% - 80% > 80%

Total sector concentration that the fund invests more than 20% of NAV.

Low ≤ 20% 20% - 50% 50% - 80% > 80% High

Remark: The Fund has high concentration in Real Estate sector.

Total country concentration that the fund invests more than 20% of NAV.

Low ≤ 20% 20% - 50% 50% - 80% > 80% High

Remark: The Fund has high concentration in People's Republic of China.

• Exchange Rate Risk

FX hedging policy

Fully Hedging Partly Hedging Hedging as discretion No Hedging

Low High

Low High

Low High

Low

Low

High

High

KHY24A-UI 8

China 35.91%

India 17.66%

Indonesia 10.42%

Turkey 4.34%

United Arab Emirates 4.14%

Singapore 3.30%

Brazil 3.14%

Hong Kong 2.39%

Japan 2.34%

Mexico 2.29%

Remark: Indicative data as of 2 June 2020.

Remark: Indicative data as of 2 June 2020.

0.00%

7.97%

42.38% 40.37%

9.29%

0.00%

AA A BBB BB B NR

Asset Allocation

Indicative Country Allocation of Lombard Odier Funds IV – K Income 2025, (USD) I D

Indicative Credit Rating Brekdown of Lombard Odier Funds IV – K Income 2025, (USD) I D

Indicative Portfolio of Lombard Odier Funds IV – K Income 2025, (USD) I D

KHY24A-UI 9

Real Estate 28.40%

Banks 9.20%

Chemicals 6.20%

Metals & Mining 5.30%

Wireless Telecommunications Services 5.20%

Financial Services 5.10%

Industrial 4.50%

Commercial Finance 3.70%

Utilities 3.40%

Power Generation 3.10%

Remark: Indicative data as of 2 June 2020.

Indicative Sector Allocation of Lombard Odier Funds IV – K Income 2025, (USD) I D

KHY24A-UI 10

Fees charged to the Fund

Fees Not Exceeding Actual

Front-End Fee 0.25 0.25

Back-End Fee None None

Switching Fee Equal to redemption fee of switch-out fund or

subscription fee of switch-in fund, whichever is higher.

Remark : Fees are included VAT, specific business tax, and other taxes.

* Fees have an effect to the amount of return which investors will receive.

Hence, investors should consider fund fees before making an investment. *

Fees charged to the Fund (% p.a. of amount sold during IPO period)

Fees charged to unitholders (% of trading value)

Fees and Expenses

Actu

al fe

es

charg

ed t

o t

he F

und

(% p

.a. of am

ount

sold

during IPO p

eriod)

KHY24A-UI 11

Fees Not Exceeding Actual

Front-End Fee 3.00% Waived

Back-End Fee None None

Management Fee 0.50% p.a. 0.30% p.a.

Total Expense Not exceeding 0.50% p.a.

Fees charged by Lombard Odier Funds IV – K Income 2025, (USD) I D

KHY24A-UI 12

* Past performance is not a guarantee of future results *

Dividend Payment Policy None

Trustee Bangkok Bank PCL

Inception Date 7 July 2020 (subject to change)

Duration About 4 years 6 months but not lower than 4 years 5 months and not longer

than 4 years 7 months

Subscription and

Redemption Details

Fund size : 5,000 MB with 750 MB green shoes

Subscription date : 29 June – 3 July 2020

Minimum subscription value: 1,000,000 Baht

*** Cheques are not accepted for subscription payment on 3 July 2020***

Switching policy : Unitholders can subcribe this fund by switching

from K-CASH, K-MONEY, K-TREASURY, K-SF and

K-SFPLUS during the initial offering period.

Remark: The Fund reserves the right not to offer the unit trusts of the fund to or

for the benefit of the United States of America, US citizens, residents of the

United States of America, or persons normally residing in the United States of

America as well as the assets of such persons and companies or partnerships

established and operating in the United States of America.

Redemption date : Auto-redemptions are every 3 months which depend on

distributions from the Master fund and fund manager’s discretion.

The first auto-redemption might be before or after 3 month-period since

inception date.

Other Information

Fund Performance

AIMC Fund Category for comparing with peer group fund performance is -

Benchmark : None. Since the Master fund has no benchmark and this fund is a fixed maturity

fund managed by buy-and-hold strategy to seek appropriate return.

KHY24A-UI 13

Proceeds from auto-redemption will be transferred to unitholder’s saving

account.

The last auto-redemption at maturity will be reinvested in K-SFPLUS. Numbers

of investment unit of K-SFPLUS which unitholders will receive are calculated by

using subscription price of K-SFPLUS on auto-redemption day of the Fund.

Settlement date : 6 business days after trading date (T+6) 3.00 pm

(NAV announcement date: T+3)

Investors can examine NAV on our website www.kasikornasset.com

Fund Manager Kantaya Pasuhirunnikorn Alternative Fund Manager

Effective date: Fund inception date

Selling Agents Private Banking Group, Kasikorn Bank

Contact for more

information, receive fund

prospectus, and make

any complaint at

Kasikorn Asset Management Co., Ltd.

400/22 KASIKORNBANK Bldg. 6th and 12

th Floor, Phahon Yothin Road

Samsen Nai, Phaya Thai Bangkok 10400

Tel. 0-2673-3888 Fax No. 0-2673-3988

Website : www.kasikornasset.com Email : Ka.customer@Kasikornasset.com

Transactions causing

conflicts of interest

Investors can examine transactions that may cause conflicts of interest at

www.kasikornasset.com

Investment in unit trusts is neither bank deposit nor under the protection of Deposit Protection

Agency. Investors may have risk of not receiving return of investment funds in full.

Approved and regulated by The office of the Securities and Exchange Commission.

The consideration of draft prospectus of this Fund does not mean that the SEC has certified the

correctness of the information in the prospectus or guaranteed the price or return of the unit trusts.

As the person responsible for managing the Mutual Fund, The Management Company carefully

reviewed the information in the Fund Fact Sheet as of 22 June 2020 and hereby certifies that the

information is correct, not fault and does not mislead.

KHY24A-UI 14

Credit Risk indicates the ability to repay debts and/or obligations of the issuer. For credit risk

assessment, credit rating of bonds, which indicates debt servicing ability of the bond issuers

based on their past performance and financial strength. Credit ratings of long-term bonds can be

briefly defined as follows.

Rate TRIS Fitch Moody’s S&P Description

Investment

grade

AAA AAA(tha) Aaa AAA The highest possible rating assigned, which

means the lowest risk of payment default.

AA AA(tha) Aa AA The second-highest rating, which means

very low risk of payment default.

A A(tha) A A Low risk of payment default.

BBB BBB(tha) Baa BBB Medium risk of payment default.

Below

Investment

grade

Below

BBB

Below

BBB(tha)

Below

Baa

Below

BBB High risk of payment default.

Market Risk of Fixed Income Fund involves in interest rates movement, which is subject to many

external factors such as economic conditions, as well as domestic and international political

factors. Normally, bond prices move in the opposite direction of interest rates. For instance, if

interest rates in the global market are rising, which causes interest rates of newly-issued bonds

to increase in tandem, prices of existing bonds are falling. Mutual funds with greater portfolio

duration are likely to witness more price fluctuation than those with smaller portfolio duration.

High Concentration Risk

High Issuer Concentration Risk occurs when the fund invests in any issuer more than

10% of NAV. If there are any events affect the operation, financial status or stability of such

issuer, the fund may have more performance volatility than the fund that diversifies its

investment in various issuers.

High Sector Concentration Risk occurs when the fund invests in any issuer more than

20% of NAV. If there are any events affect such sector, the fund may have more performance

volatility than the fund that diversifies its investment in many sectors.

High Country Concentration Risk occurs when the fund invests in any country more than

20% of NAV. If there are any events affect such country such as political, economic and social

issues. The fund may have more performance volatility than the fund that diversifies its

investment in many countries.

Definition of Risk Factors

KHY24A-UI 15

Exchange Rate Risk involves change in foreign exchange rates, which affects value of fund units.

For instance, if a fund invests in assets quoted in US Dollar currency during time of Baht

depreciation but takes profit when the Baht strengthens, the fund will get lower returns in local

currency. In contrast, if the fund invests in those assets when Baht is stronger and takes profit

during times of a weakening Baht, it will gain higher returns in local currency. Therefore, foreign

exchange hedging strategy is a major tool for currency risk prevention or reduction. There are

many ways to limit currency risks, i.e.,

- Hedging at Fund Manager’s discretion: Investors may be exposed to currency risk.

KHY24A-UI 16

Risk Disclosure

I acknowledge and fully understand the fund’s feature, investment policy, investment strategy, risk factors and return

characteristics of K Fixed-Dated High Yield 2024A Fund Not for Retail Investors (KHY24A-UI) that;

1. KHY24A-UI is labeled as high risk / complex product which may differ from plain products in the market.

Since KHY24A-UI may invest in non-investment grade and/or unrated securities with no investment restriction.

As a result, KHY24A-UI may expose to greater risk than other general funds.

2. KHY24A-UI has high sector concentration in real estate sector and high country concentration in People's Republic of

China.

3. KHY24A-UI mainly invests in securities with higher credit and liquidation risk than general funds. Such securities

may default and fail to pay principal and interest when due. Hence, KHY24A-UI is suitable for high-net-worth

investors who could bear the risk of loss.

4. KHY2 4A-UI has 4 years and 6 months duration and does not open for redemption. The investors are required to

hold this fund until maturity date.

I ………………………….…………………………………………….………………………. Fund Account No. ………………………….……………………………………………………….…………….

acknowledged the information appearing in this document as primary information relating to risks. I have studied the

information of investment in K Fixed-Dated High Yield 2024A Fund Not for Retail Investors (KHY24A-UI) including

the risks and cautions of investment appearing in the prospectus which I have previously and thoroughly acknowledged.

I commit to all regulations and conditions appearing in the prospectus.

I am a person who meets the following criterias:

A. Juristic Person with the following characteristics:

having proportion of shareholders’ equity, according to the latest audited financial statement, exceeding Baht 200

million.

having investment directly in either securities and/or derivatives exceeding Baht 40 million, or exceeding Baht 80

million if include deposits, according to the latest audited financial statement.

B. Individual including spouse with the following characteristics:

having net assets (assets deducted by debts) exceeding Baht 70 million. In this regard, such assets do not

include value of immovable property used as permanent residence.

having annual income exceeding Baht 10 million or Baht 7 million if not include spouse.

having direct investment capital in either securities (shares, debentures, financial negotiable notes, bonds, bills of

exchange, unit trusts and warrants to such securities) or derivatives exceeding Baht 25 million, or securities,

derivatives and/or deposits exceeding Baht 50 million.

..................................................................................................................

(Unitholder)

Date .......................................................................

For Unitholder

KHY24A-UI 17

Risk Disclosure

I acknowledge and fully understand the fund’s feature, investment policy, investment strategy, risk factors and return

characteristics of K Fixed-Dated High Yield 2024A Fund Not for Retail Investors (KHY24A-UI) that;

1. KHY24A-UI is labeled as high risk / complex product which may differ from plain products in the market.

Since KHY24A-UI may invest in non-investment grade and/or unrated securities with no investment restriction.

As a result, KHY24A-UI may expose to greater risk than other general funds.

2. KHY24A-UI has high sector concentration in real estate sector and high country concentration in People's Republic of

China.

3. KHY24A-UI mainly invests in securities with higher credit and liquidation risk than general funds. Such securities

may default and fail to pay principal and interest when due. Hence, KHY24A-UI is suitable for high-net-worth

investors who could bear the risk of loss.

4. KHY2 4A-UI has 4 years and 6 months duration and does not open for redemption. The investors are required to

hold this fund until maturity date.

I ………………………….…………………………………………….………………………. Fund Account No. ………………………….……………………………………………………….…………….

acknowledged the information appearing in this document as primary information relating to risks. I have studied the

information of investment in K Fixed-Dated High Yield 2024A Fund Not for Retail Investors (KHY24A-UI) including

the risks and cautions of investment appearing in the prospectus which I have previously and thoroughly acknowledged.

I commit to all regulations and conditions appearing in the prospectus.

I am a person who meets the following criterias:

A. Juristic Person with the following characteristics:

having proportion of shareholders’ equity, according to the latest audited financial statement, exceeding Baht 200

million.

having investment directly in either securities and/or derivatives exceeding Baht 40 million, or exceeding Baht 80

million if include deposits, according to the latest audited financial statement.

B. Individual including spouse with the following characteristics:

having net assets (assets deducted by debts) exceeding Baht 70 million. In this regard, such assets do not

include value of immovable property used as permanent residence.

having annual income exceeding Baht 10 million or Baht 7 million if not include spouse.

having direct investment capital in either securities (shares, debentures, financial negotiable notes, bonds, bills of

exchange, unit trusts and warrants to such securities) or derivatives exceeding Baht 25 million, or securities,

derivatives and/or deposits exceeding Baht 50 million.

..................................................................................................................

(Unitholder)

Date .......................................................................

For Selling Agent