K-ART
K Equity Absolute Return Fund Not for Retail Investors

For Accredited and High Net Worth Investors Only. High Risk or Complex Fund.
Data as of August 22,2019

NAV per unit

9.9764 Baht
Change
+0.01490.1496 %
Offer Price
10.0264 Baht
Bid Price
9.9764 Baht
Net Asset Value (NAV)
1,194,927,347.22 Baht
Registered Fund Capital
5,000 Million baht
Inception Date
6 October 2017
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payment Policy​
No dividend payment
XD Date
-

Bloomberg Ticker
KEARNRI:TB

Master Fund's Bloomberg Ticker ​​
BSADI2U:LX
Fund Type 
• Equity Fund
• Feeder Fund
• FIF (Foreign Investment Fund)
The Fund is suitable for?
• Investors who want to diversify a part of their investment in order to reduce fluctuations in overall portfolio return. 
• Investors who are able to tolerate price volatility and understand that they may suffer losses because the value of securities may go down as well as up.
• Investors who understand and are able to tolerate leverage risk. Since derivative investment will allow the Fund to gain larger exposure (leverage) to asset values than the amount the Fund invests. As a result, losses on derivative instruments can exceed the amount invested in them which may significantly reduce the value of the Fund as a whole.
• Recommended holding period : not less than 5 years.
Investment Policy
• The Fund mainly invests in BSF Americas Diversified Equity Absolute Return Fund, Class I2 USD​ not less than 80% of NAV.  
• The Fund may invest in derivatives for Efficient Portfolio Management purpose and Structured Notes.  
• The Fund will use derivatives to hedge against exchange rate risk at least 75% of foreign exposure.  
BSF Americas Diversified Equity Absolute Return Fund, Class I2 USD (Master Fund) 
• The Master Fund aims to achieve a positive absolute return through a combination of capital growth and income on investment regardless of market conditions. The Master Fund seeks to gain at least 70% of any investment exposure to shares of companies incorporated or listed in the United States, Canada and Latin America (the "Americas").  
• The Master Fund intends to pursue​ market neutral strategy* by using derivatives (synthetic long / synthetic short) to reduce or mitigate the directional market risk relating to the instruments it has exposure to. Investors should study portfolio characteristics fromits monthly factsheet.​
Note : * Market neutral strategy​ refers to the strategy which uses derivatives (synthetic long / synthetic short) to reduce or mitigate the directional market risk (i.e. the risk associated with the market moving in one direction, up or down) relating to the instruments it has exposure to.​







Risk Spectrum

Level 6
High Risk

Asset Allocation
(% of Investment)

Data as of July 31,2019

Subscription & Redemption Details

Subjects                          Details
Subscription Date
Every trading day between 8.30 a.m. - 3.30 p.m.
Redemption Date
Every trading day between 8.30 a.m. - 2.30 p.m.
Minimum initial subscription
550,000 THB
Minimum subsequent subscription
500 THB
Minimum redemption​​​
500 THB

Minimum account balance
500 THB
NAV Announcement Date
T+2 (business day)
Settlement Date​
T+4 (business day)​​ at 10 a.m.
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 0.2675
Registrar Fee
Not exceeding 0.3210%
Other Fee
As it is actually incurred.

Fees Charged to Unitholders (% of trading value)

Lists of Fees​
Details
​Front-end Fee
Not exceeding​ 3.00%
Back-end Fee​
Not exceeding​ 3.00%
Brokerage fee​​
None
Switching fee
Equal to the higher rate between the back-end fee of switch-out fund and the front-end fee of switch-in fund.​​




Fund Performance

Data as of August 22,2019
  YTD 3 months 6 months 1 year (p.a.) 3 years (p.a.) 5 years (p.a.) 10 years (p.a.) Since inception (p.a.)
K-ART 2.39% -0.80% 1.21% -3.65% N/A N/A N/A -0.13%
Benchmark Return -0.65% -0.66% 0.09% -0.38% N/A N/A N/A -0.03%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
22/08/2019 9.9764 +0.0149|0.1496 % 10.0264 9.9764 1,194,927,347.22
21/08/2019 9.9615 -0.0128|0.1283 % 10.0114 9.9615 1,193,144,470.51
20/08/2019 9.9743 +0.0167|0.1677 % 10.0243 9.9743 1,195,882,203.90
19/08/2019 9.9576 -0.0023|0.0231 % 10.0075 9.9576 1,193,892,436.53
16/08/2019 9.9599 -0.0070|0.0702 % 10.0098 9.9599 1,194,766,117.63
14/08/2019 9.9669 -0.0376|0.3758 % 10.0168 9.9669 1,196,172,161.67
13/08/2019 10.0045 -0.0328|0.3268 % 10.0546 10.0045 1,200,445,259.58
09/08/2019 10.0373 0.0000|0.0000 % 10.0876 10.0373 1,215,964,155.70

Note: NAV Value Not include Dividend

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