KEC7-AI
K Enhanced Credit 7 Fund Not For Retail Investors

Not for Retail Investors (For Accredited and High Net Worth Investors Only)​ Investors cannot redeem this fund before 1 year. The Fund has high sector concentration in Issuers and Banking sector. If there are any factors negatively affect the investment of this fund, investors may lose principal investment.
Data as of June 8,2022

NAV per unit

10.1206 Baht
Change
-0.07650.7502 %
Offer Price
N/A Baht
Bid Price
10.1206 Baht
Net Asset Value (NAV)
3,066,285,102.41 Baht
Registered Fund Capital
3,000 Million Baht and 100 Million Baht greenshoe
Inception Date
8 June 2021 (Subject to change)
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payout Policy
 No dividend payment
XD Dates
      -

Bloomberg Ticker
-



Fund Type​​
• Fixed Income Fund
• Thai and Foreign Risk Exposure

The Fund is suitable for
  • •  An investor who thoroughly understands risks associated with the Investment and Bond Forward Transaction and can bear high risk of loss.
    • An investor who expects return higher than bank deposit and can accept return lower than investing in equity securities.
    •  An investor who is able to accept and understand that you may suffer a loss of principal if the issuers unable to make the required payments on their debt obligations or any event affecting the payment and delivery of the reference bonds occurs before the scheduled termination date.. 
    •  An investor who can hold investment until maturity and expects return higher than general fixed income securities. 
     ​​​
Investment Policy
• The Fund will invest not less than 80% of NAV in local/foreign debt securities, deposit, fixed income, other securities or assets or seek return in accordance with the conditions prescribed by SEC laws and the Fund will invest in foreign without limit.
  • • The Fund will invest in investment grade securities and may invest in non-investment grade securities only in case when such securities are rated in investment grade while the Fund invests.
    • The Fund may invest in derivatives for the purpose of Efficient Portfolio Management (EPM) and fully hedge foreign exchange rate risk.
    • The Fund may enter into the reverse repo transaction and securities lending, and may invest in structured notes.​


Details of Investment

The portfolio will be splited in 2 parts :
Part 1 The fund will invest in both domestic and foreign debt instruments and or deposits. As well as may hold securities or any other assets as specified in the notification of the Office of the SEC for investment in fixed income funds at approximately 100% of NAV. However, in the event that the Fund is required cash collateral for entering into a Part 2 transaction, the Fund may invest in Part I less than 100% of NAV.
Part 2 The Fund will be a counterparty in bond forward contracts transactions (the “Bond Forward”) as the buyer of the reference bonds. With details as follows

 

Principal and Return payment conditions
Condition 1 No occurance of any event affecting the payment and delivery of the reference bonds occurs before the scheduled termination date.
The Fund will pay the principal return on investment in debt instruments and/or deposits and returns from entering into Bond forwards transactions deducted from related fees and expenses to unitholders.
Condition 2 If any event affecting the payment and delivery of the reference bonds occurs before the scheduled termination date.
1) The Fund is required to withdraw deposits or unwind some investment positions in order to pay the bank counterparty as a bond forward seller equal to the pre-agreed bond forward price includes expenses incurred and the bank counterparty will deliver the reference bonds to the fund. The unitholders, therefore, may not receive principal and return on such deposits. When the Fund receives the payment from the reference bonds, the Fund will pay in proportion to the number of unit held by the unitholders.
2) The Fund will hold the rest foreign fixed income securities and/or foreign deposit to maturity and will distribute their principal and return to the unitholders of the Investment Units proportionately based on their share of the Investment Units.


Please study details from Fund Fact Sheet of KEC7-AI








Risk Spectrum

Level 4
Low to Moderate Risk

Subscription and Redemption Details

Subjects
Details
Subscription date
IPO: 24 May - 4 June 2021
between 8.30 a.m. - 3.30 p.m.
(24 May 2021, 11.00 a.m.–3.30 p.m.​)
​Unitholders can subcribe this Fund by switching from K-CASH, K-MONEY, K-TREASURY, K-SF and K-SFPLUS  during the initial offering period.​
Redemption date
Redemption will be at maturity of the fund. The Management Company will announce automatic redemption date to notify unitholders​ within 15 business days.​
Minimum initial subscription
1,000,000​​ Baht

Minimum subsequent subscription
-

Minimum redemption
-
Minimum​ account balance
-
NAV announcement date
Last business day of the month.​
Redemption Monies Proceeding​
The Management Company will use proceeds from auto-redemption of this fund to subscribe reinvested fund, which is specified in passbook. Numbers of unit trust of reinvested fund, which the unitholders will receive, are calculated by using subscription price of reinvested fund on auto-redemption day of this fund.​
Subscription and redemption channels​

Fees charged to the Fund (% p.a. of NAV)

Lists of Fees
Details
Management fee​
Not exceeding 3.2100​%
Trustee fee
Not exceeding 0.0535%
Registrar fee
Not exceeding 0.3210%
Other fees
As it is actually incurred

Fees charged to​ Unitholders (% of trading value)

Lists of Fees
Details
Front-end fee​
None
Back-end fee
None
Brokerage fee
None
Switc​hing fee
None


​​



Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
08/06/2022 10.1206 -0.0765|0.7502 % N/A 10.1206 3,066,285,102.41
07/06/2022 10.1971 +0.0518|0.5106 % N/A N/A 3,089,454,719.91
31/05/2022 10.1453 +0.0847|0.8419 % N/A N/A 3,073,753,300.21
29/04/2022 10.0606 -0.0400|0.3960 % N/A N/A 3,048,089,826.15
31/03/2022 10.1006 +0.0011|0.0109 % N/A N/A 3,060,229,481.14
28/02/2022 10.0995 +0.0240|0.2382 % N/A N/A 3,059,881,299.33
31/01/2022 10.0755 +0.0576|0.5750 % N/A N/A 3,052,629,573.04
30/12/2021 10.0179 0.0000|0.0000 % N/A N/A 3,035,154,815.10

Note: NAV Value Not include Dividend

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