K-MBOND
K Multi-Strategy Bond Fund Not for Retail Investors

Not for Retail Investors (For Accredited Investors Only). High Risk or Complex Fund.
Data as of July 1,2020

NAV per unit

8.0355 Baht
Change
+0.10381.3087 %
Offer Price
8.1561 Baht
Bid Price
8.0355 Baht
Net Asset Value (NAV)
5,826,943,885.44 Baht
Registered Fund Capital
9,000 Million Baht
Inception Date
13 December 2019
​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payout Policy
No dividend payment
XD Dates
-

Bloomberg Ticker
KMBONDF:TB​

Foreign Funds' Bloomberg Ticker
PEHCIAE:LX
Fund Type
High Risk or Complex Fund
• Fixed Income Fund
• Feeder Fund
• FIF (Foreign Investment Fund)
The Fund is suitable for
•  Investors who expect long-term capital appreciation more than general fixed income funds.
• 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. 
• Investors who are able to accept exchange rate risk.
• Recommended holding pe​​​riod : not less than 3 years.
Investment Policy
• The Fund invests not less than 80% of NAV on average in any accounting period in PrivilEdge – H2O High Conviction Bonds, (EUR), I Class A​ (the Master Fund). The Master Fund invests at least 90% of the Master Fund’s net assets in bonds, other fixed or floating-rate debt securities including non-investment grade bonds, Coco Bonds (up to 10% of the Master Fund's assets), convertible bonds and/or other bonds, currencies and Cash and Cash Equivalents. 
• The Fund and the Master Fund may invest in local and foreign non-investment grade and unrated bonds.
• The Fund may invest in Structured Note (SN) and derivatives for Efficient Portfolio Management purpose (EPM) to achieve higher return or reduce expense. The Fund may use derivatives to hedge against exchange rate risk at Fund Manager's discretion.  

PrivilEdge – H2O High Conviction Bonds, (EUR), I Class A (the Master Fund) 
• The Master Fund’s objective is to outperform the benchmark JP Morgan Government Bond Index Broad.
• The Investment Manager will combine strategic and tactical positions as well as arbitrages on interest rates and international currency markets. The Investment Manager may also invest outside the Benchmark’s universe in credit, corporate bonds denominated in any currencies (including Emerging Market currencies) and currencies (including Emerging Market currencies). The investment strategy is based on a “top-down” approach and relies in particular on macroeconomic analysis and analysis of capital flows and relative market valuations.
• The Investment Manager invests at least 90% of the Master Fund’s net assets in bonds, other fixed or floating-rate debt securities including non-investment grade bonds, Coco Bonds (up to 10% of the Master Fund's assets), convertible bonds and/or other bonds, currencies and Cash and Cash Equivalents.
• The Investment Manager is authorized to use financial derivative instruments (in particular but not limited to credit (including CDS), interest rate (including IRS), inflation, currency, and volatility derivatives) for hedging purposes, for EPM and as part of the investment strategy.
​​​• The use of financial derivative instruments as part of the investment strategy may result in a higher level of leverage and increase the overall risk exposure of the Master Fund and the volatility of its Net Asset Value.
Please study the Fund prospectus and other documents for more details.





Risk Spectrum

Level 5
Moderate to High Risk

Asset Allocation
(% of Investment)

Data as of May 29,2020

Subscription and Redemption Details

Subjects
Details
Subscription date
IPO ​: 3 - 11 December 2019 and Post-IPO on 23 December 2019. After Post-IPO, unitholders can subscribe the Fund every trading day
between 8.30 a.m. - 2.30 p.m.
Redemption date
Every trading day​ 
between 8.30 a.m. - 2.30 p.m.
Minimum initial subscription
550,000 Baht
Minimum subsequent subscription
500 Baht
Minimum redemption
500 Baht
Minimum​ account balance
500 Baht
NAV announcement date
T+3 (business day​)
Settlement date
T+5 (business day​)​ at 3.00 p.m.​
Subscription and redemption channels
  • ​PRIVATE BANKING GROUP, KASIKORNBANK PCL.​
    • AFFLUENT BUSINESS NETWORK, KASIKORNBANK PCL​.
    • Other selling agents
      (​​Please see list of selling agents in Fund Fact Sheet)


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

Lists of Fees
Details
Management fee
Not exceeding 3.2100%
(Actual 1.0700%)
​Trustee fee
Not exceeding 0.2675%
(Actual​ 0.0300%)
Registrar fee
Not exceeding 0.3210%
(Actual​ 0.0428%)
Other fees
As it is actually incurred​

Fees charged to​ Unitholders (% of trading value)

Lists of Fees
Details
Front-end fee​
Not exceeding 3.00​%
(​​​​​IPO : 1.00%, Post-IPO : 1.50%) 

Back-end fee
Not exceeding 3.00​% 
​(Actual : W​aived)
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 July 1,2020
  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-MBOND -18.54% 11.22% -18.54% N/A N/A N/A N/A -19.64%
Benchmark Return 5.34% -2.34% 5.34% N/A N/A N/A N/A 4.99%

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
01/07/2020 8.0355 +0.1038|1.3087 % 8.1561 8.0355 5,826,943,885.44
30/06/2020 7.9317 +0.0615|0.7814 % 8.0508 7.9317 5,756,683,030.88
29/06/2020 7.8702 -0.0556|0.7015 % 7.9884 7.8702 5,697,253,537.39
26/06/2020 7.9258 -0.0464|0.5820 % 8.0448 7.9258 5,740,496,108.29
25/06/2020 7.9722 -0.0816|1.0132 % 8.0919 7.9722 5,774,127,744.26
24/06/2020 8.0538 -0.0334|0.4130 % 8.1747 8.0538 5,823,377,969.61
22/06/2020 8.0872 +0.0141|0.1747 % 8.2086 8.0872 5,857,546,034.10
19/06/2020 8.0731 0.0000|0.0000 % 8.1943 8.0731 5,839,476,535.91

Note: NAV Value Not include Dividend

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