Kasikorn Asset Management Company Limited (the Management Company) would like to inform unitholders that the Management Company has been approved by the Securities and Exchange Commission (SEC) to amend the Projects and Commitments of K USA Equity Fund (K-USA) and K USA Equity RMF (K-USARMF). These amendments concern the change of the Master Fund and other matters related to this change, including amendments to the Projects and Commitments in order to comply with SEC notifications. The key amendments are summarized as follows:
1. Change of Master Fund
As the Management Company has conducted an annual review of the mutual funds, it has determined that the performance of the Current Master Fund has underperformed other funds with similar investment policies over the long term. Therefore, investing in another fund with a similar investment policy that aligns with the Fund's investment policy will be beneficial to the overall performance of the Fund and in the best interest of the unitholders. The amendment is in accordance with the rights reserved under the Fund's project.
| Fund | Current Master Fund | New Master Fund |
| K-USA and K-USARMF | Brown Advisory US Sustainable Growth Fund, Dollar Class SI Acc | JPMorgan Funds - US Growth Fund, Class I (acc) - USD
|
2. Amendments to comply with SEC Notification No. Sor Nor. 29/2564: Details of Mutual Fund Project.
| Subject | Current | New |
| Foreign Exchange Hedging Policy | Foreign Exchange Hedging Policy of the Fund: Partially hedged
Foreign Exchange Hedging Ratio: 75.00% of the foreign investment value or the existing risk exposure
The Fund will invest in derivatives to hedge foreign exchange risk for no less than 75% of the foreign investments value.
| Foreign Exchange Hedging Policy of the Fund: Dynamic hedging (0%–105% of risk exposure)
The Fund will invest in derivatives to hedge foreign exchange risk for no less than 75% of the foreign investments value. |
| Base management fee | No item specified in the Fund Project | 1.605% per annum of the Fund's total assets less total liabilities, excluding the management fee, trustee fee, and registrar fee. |
| Performance fee | No item specified in the Fund Project | No Performance fee |
K-USARMF
| Item | Current | New |
| Foreign Exchange Hedging Policy | Foreign Exchange Hedging Policy of the Fund: Dynamic hedging | Foreign Exchange Hedging Policy of the Fund: Dynamic hedging (0%–105% of risk exposure) |
| Base management fee | No item specified in the Fund Project | 1.605% per annum of the Fund's total assets less total liabilities, excluding management fee, trustee fee, and registrar fee. |
| Performance fee | No item specified in the Fund Project | No Performance fee |
3. Amendments to comply with SEC Notification No. Sor Nor. 9/2564: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, and Mutual Funds for Institutional Investors.
- Revision of the Rules for changes to fees or expenses.
4. Amendments to comply with Guideline No. Nor Por. 1/2562: Guidelines for the Establishment of Policies, Measures, and Operating Systems Relating to Potential Conflicts of Interest with Clients and to Proprietary Trading of the Management Company.
- Addition of provisions regarding benefits received in connection with business operations (soft/hard dollar).
This amendment applies to K USA Equity Fund-A(A) (K-USA-A(A)), K USA Equity Fund-A(D) (K-USA-A(D)), K USA Equity Fund-SSF (K-USA-SSF), and K USA Equity RMF (K-USARMF), and will be effective from March 26, 2026.
For further information, please contact KAsset Contact Center Tel. 02 673 3888 press 1 or email: ka.customer@kasikornasset.com.
Kasikorn Asset Management Co., Ltd.
March 11, 2026