KHY23A-UI
K Fixed-Dated High Yield 2023A Fund Not for Retail Investors

Not for Retail Investors (For Institutional and High Net Worth Investors Only) High Risk or Complex Fund Since the Fund has no investment risk limit and has high concentration in securities with credit and liquidity risks, investors may suffer severe financial losses. Thus the Fund is only suitable for investors who can accept greater losses.
Data as of November 18,2020

NAV per unit

10.3255 Baht
Change
+0.01760.1707 %
Offer Price
N/A Baht
Bid Price
N/A Baht
Net Asset Value (NAV)
2,868,437,756.48 Baht
Registered Fund Capital
5,000 MB
Inception Date
5 July 2019
​​​​​​​

​​​​​​​​​​​​​​​​​​​​​​​​Dividend Payout Policy
No dividend payment
     XD Dates
             -

Bloomberg​ Ticker
   ​KHY23AU TB

Fund Type

Master Fund's Bloomberg Ticker
      LEMIUID LX Equity

High Risk or Complex Fund
​• Fixed Income Fund
•​ Feeder Fund
• FIF (Foreign Investment Fund)
The Fund is suitable for

• 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.​
Investment Policy

• The Fund mainly invests in Lombard Odier Funds IV – EM Income 2023 (USD) I​ (Master Fund) not less than 80% of NAV.
• 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 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.​





Risk Spectrum

Level 8+
Extremely High Risk

Asset Allocation
(% of Investment)

Data as of August 31,2020

Subscription and Redemption Details​

Subjects
Details
Subscription date
IPO: 25 June - 3 July 2019
between 8.30 a.m. - 3.30 p.m.
Redemption date
Normal and auto-redemptions are every 3 months. Auto-redemption depends on distributions from the Master fund and fund manager’s discretion, thus the first auto-redemption might be before or after 3 month-period since inception date. 


Normal Redemption

Every 3 months
between 8.30 a.m. - 2.30 p.m.


Auto-Redemption
Auto-Redemption is not more than 4 times a year depends on fund manager’s discretion. 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.​

Minimum initial subscription
1,000,000 MB
​​
Minimum subsequent subscription
-

Minimum redemption
500 Baht
Minimum​ account balance
500 Baht
NAV announcement date
T+3 (business day)
Settlement date
T+6 (business day)​ (3.00 p.m.)
​ 
Subscription channels







Redemption channels
    • Private Banking Group, Kasikorn Bank

      Affluent Business Network, Kasikorn Bank


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 fees
As it is actually incurred

Fees charged to​ Unitholders (% of trading value)

Lists of Fees
Details
Front-end fee​​
Not exceeding 1.00%
(Actual: 0.25%)
Back-end fee
Not exceeding 1.50%
Normal Redemption
Actual: 1.25%
Auto-Redemption
Actual: Waived
Brokerage fee
None
Switching fee
Equal to redemption fee of switch-out fund or subscription fee of switch-in fund, whichever is higher.




​​

Fund Performance

Data as of November 16,2020
  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.)
KHY23A-UI -0.28% 2.62% 13.36% 1.10% N/A N/A N/A 2.23%
Benchmark Return 0.00% N/A N/A N/A N/A N/A N/A N/A

Historical NAV per unit

Date NAV per unit Change Offer Price Bid Price Net Asset Value
18/11/2020 10.3255 +0.0176|0.1707 % N/A N/A 2,868,437,756.48
16/11/2020 10.3079 +0.0483|0.4708 % N/A 10.1791 2,885,830,007.40
09/11/2020 10.2596 +0.1021|1.0052 % N/A N/A 2,872,311,773.21
30/10/2020 10.1575 +0.0875|0.8689 % N/A N/A 2,843,713,661.10
30/09/2020 10.0700 -0.0748|0.7373 % N/A N/A 2,819,221,648.29
31/08/2020 10.1448 +0.0947|0.9423 % N/A N/A 2,840,151,442.33
25/08/2020 10.0501 +0.0261|0.2604 % N/A 9.9245 2,814,618,802.95
20/08/2020 10.0240 0.0000|0.0000 % N/A N/A 2,807,307,109.71

Note: NAV Value Not include Dividend

News

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Fund Documents

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