Krungsri Asset Management - Provident Fund

Employee's choice

Employee’s choice concept responds to different preference in savings of each member based on age, expected return, risk appetite, and other factors such as duration of investment etc. and it enables employees to select their own investment policies that best suit their needs.
To adopt Employee’s Choice concept, it is necessary for employees to have sufficient knowledge in investment.
Krungsri Asset Management Ltd. registered “Ayudhya Master Fund Registered Provident Fund “ on 30 January 2009. This is a Master Pooled Fund with 30 policies. Members may choose investment portfolio that best suits their style based on age, risk appetite, and expected return within the investment framework set out by the fund committee or life path by using the member’s age to determine the portfolio allocation among equities, fixed-income, infrastructure funds (infra)/ real-estate investment trusts (REITs) (if any). Krungsri Asset will automatically adjust the portfolio allocation. Details of Ayudhya Master Fund Registered Provident Fund are as follows:

*Please click at fund names to view fund fact sheet

Fund Type/ Fund name / Fund Fact Sheet	Risk Level	Investment Policies and Portfolio Management	Remark
Fixed Income
1. PDM_CASHRMF	1 Low	Short-term government papers	-
2. PDM_MTFIRMF	4 Low to moderate	Medium-term government papers and corporate papers Minimum ratings “A-”	-
3. PDM_GOVRMF	4 Low to moderate	Medium to Long-term government papers and bonds	-
Foreign Fixed Income
1. PDM_CSINCOME	5 Moderate to high	The Fund allocates at least 80% of NAV in each accounting year in a foreign fund titled PIMCO GIS Income Fund (Class I-Acc).	The exchange rate risk is hedged at least 90% of the foreign investment value
Mixed
1. PDM_FLEX2RMF	5 Moderate to high	Investment in listed stocks and deposits by the decision of fund manager	-
Thai Equity (Passive)
1. PDM_S100RMF	6 High	SET100	-
2. PDM_ENS50-A	6 High	Focus on investing in SET50	-
Thai Equity (Active)
1. PDM_SDIV	6 High	Focus on dividend stocks	-
2. PDM_TSTAR-A	6 High	Listed companies with strong fundamental, high business growth potential and attractive dividend yield.	-
3. PDM_SEQ	6 High	Investing in listed stocks with strong fundamental and high business growth potential	-
4. PDM_DYNAMIC	6 High	Investing in listed stocks with strong fundamental, high business growth potential and high conviction	-
Foreign Equity (Passive)
1. PDM_WORLD-INDX-A	6 High	The fund invests in iShares MSCI ACWI ETF. To invest in the equity securities that are constituents of the MSCI ACWI Index with an objective to track the investment results of the index.	The exchange rate risk is hedged upon Fund manager’s discretion.
2. PDM_WORLD-INDFX-A	6 High	The fund invests in iShares MSCI ACWI ETF. To invest in the equity securities that are constituents of the MSCI ACWI Index with an objective to track the investment results of the index.	The exchange rate risk is unhedged.
3. PDM_USINDX-A	6 High	The fund invests in iShares Core S&P 500 ETF. To invest in stocks that are included in the S&P 500 Index.	The exchange rate risk is fully hedged.
4. PDM_USINDFX-A	6 High	The fund invests in iShares Core S&P 500 ETF. To invest in stocks that are included in the S&P 500 Index.	The exchange rate risk is unhedged.
5. PDM_NDQ-A	6 High	The fund invests in Invesco NASDAQ 100 ETF. To invest in the equity securities that are constituents of the NASDAQ-100 Index.	The exchange rate risk is hedged upon Fund manager’s discretion.
6. PDM_JPINDX-A	6 High	The fund invests in Nikkei 225 Exchange Traded Fund. To invest only in stocks that are included or are due to be included in the Nikkei 225.	The exchange rate risk is fully hedged.
7. PDM_CSI300-A	6 High	The fund invests in ChinaAMC CSI 300 Index ETF. To invests directly in securities included in the CSI 300 Index.	The exchange rate risk is hedged upon Fund manager’s discretion.
8. PDM_HSHARE-INDX	6 High	The Fund invests in Hang Seng China Enterprises Index ET. To invest in investment units of a foreign fund named Hang Seng China Enterprises Index ETF.	The exchange rate risk is hedged upon Fund manager’s discretion.
Foreign Equity (Active)
1. PDM_GBRANRMF	6 High	The Fund invests in Morgan Stanley Investment Fund-Global Brands Fund (Class Z). To invest primarily in equity securities of companies in the world’s developed countries whose success the Company believes depends on intangible assets	The exchange rate risk is hedged upon Fund manager’s discretion.
2. PDM_GDIV-A	6 High	The fund invests in Fidelity Funds – Global Dividend Fund, Class Y-QINCOME(G)-USD. To invest globally in the equity securities with focus on stocks which offer attractive dividend yields in addition to price appreciation.	The exchange rate risk is fully hedged.
3. PDM_HEUROPE-A	6 High	The fund invests in Goldman Sachs Europe CORE® Equity Portfolio, Class I Shares (Acc.). To invest in equity securities of European companies. The Fund invests primarily in European equity securities using the CORE® strategy, with at least two-thirds of its assets in equities or related securities of companies based in or earning most revenues from Europe.	The exchange rate risk is fully hedged.
4. PDM_ESG-A	6 High	A minimum of 80% of NAV in average of fund accounting year are invested in the Master Fund named, AB Sustainable Global Thematic Portfolio.	The exchange rate risk is hedged at least 90% of the foreign investment value.
5. PDM_HASIA-A	6 High	Minimum 80% of NAV in average of fund accounting year are invested in the Master Fund named, Baillie Gifford Pacific Fund (Class B Acc). (The change of investment in the Master Fund from Vontobel Fund - mtx Sustainable Asian Leaders (ex-Japan) takes effect from 15 December 2021 onwards.).	The exchange rate risk is hedged at least 90% of the foreign investment value.
6. PDM_ACHINA-A	6 High	Minimum 80% of Funds assets in average of fund accounting year are invested in the Master Fund named, UBS (Lux) Investment SICAV - China A Opportunity (USD) (Class P - acc).	The exchange rate risk is hedged upon Fund manager’s discretion.
7. PDM_INDIARMF	6 High	Mainly invest in units of a foreign fund, FSSA Indian Subcontinent Fund, with net exposure at least 80%, in average of its NAV in any accounting period.	The exchange rate risk is hedged upon Fund manager’s discretion.
8. PDM_VIET-A	6 High	Invest in foreign equity funds and/or Exchange Traded Fund (ETF) whose investment policy focuses on investment in listed securities in Vietnam and/or whose business or interest from business in Vietnam is, in average in any accounting period, no less than 80% of its NAV and at least 2 funds. The fund invests in the following funds; 1. JPMorgan Vietnam Opportunities Fund 2. Dragon Capital Vietnam Equity UCITS Fund 3. Lumen Vietnam Fund managed.	The exchange rate risk is hedged upon Fund manager’s discretion.
Foreign Equity (Sector Fund)
1. PDM_HCARERMF	7 High	At least 80% of NAV in each accounting year in a foreign fund titled JPM Global Healthcare Fund (Master Fund) with at least 67% of the assets (excluding cash and cash equivalents) being invested in equity securities of Healthcare Companies.	The exchange rate risk is hedged upon Fund manager’s discretion.
2. PDM_HTECH-A	7 High	To invest globally in the global equity securities of companies whose predominant economic activity is in the technology sector.	The exchange rate risk is hedged at least 90% of the foreign investment value.
Alternative Investment
1. PDM_GOLD	8 Very high	To invest in investment units of a foreign fund named SPDR Gold Trust, which invests in gold bullion in order to generate return comparable to return on investment from gold.	Not hedging foreign exchange.
Life Path
Equity
1. PDM_ENS50-A	6 High	Track investment return of SET50 index (passive management) more than 90%. Enhance higher return by active management approach in remaining 10%.	-
Mixed
1. PDM_SUPERRMF	5 Moderate to high	invest up to 75% of its assets in Equity (including REIT and Infrastructure fund) and ar least 25% in Fixed income.	The exchange rate risk is hedged at least 90% of the foreign investment value.
2. PDM_GOODRMF	5 Moderate to high	invest up to 50% of its assets in Equity (including REIT and Infrastructure fund) and at least 50% in Fixed income.	The exchange rate risk is hedged at least 90% of the foreign investment value.
3. PDM_HAPPYRMF	5 Moderate to high	invest up to 25% of its assets in Equity (including REIT and Infrastructure fund) and at least 75% in Fixed income.	The exchange rate risk is hedged at least 90% of the foreign investment value.

Fund Type/
Fund name /
Fund Fact Sheet

Risk Level

Investment Policies and Portfolio Management

Remark

Fixed Income

1. PDM_CASHRMF

1
Low

Short-term government papers

2. PDM_MTFIRMF

4
Low to moderate

Medium-term government papers and corporate papers Minimum ratings “A-”

3. PDM_GOVRMF

4
Low to moderate

Medium to Long-term government papers and bonds

Foreign Fixed Income

1. PDM_CSINCOME

5
Moderate to high

The Fund allocates at least 80% of NAV in each accounting year in a foreign fund titled PIMCO GIS Income Fund (Class I-Acc).

The exchange rate risk is hedged at least 90% of the foreign investment value

Mixed

1. PDM_FLEX2RMF

5
Moderate to high

Investment in listed stocks and deposits by the decision of fund manager

Thai Equity (Passive)

1. PDM_S100RMF

6
High

SET100

2. PDM_ENS50-A

6
High

Focus on investing in SET50

Thai Equity (Active)

1. PDM_SDIV

6
High

Focus on dividend stocks

2. PDM_TSTAR-A

6
High

Listed companies with strong fundamental, high business growth potential and attractive dividend yield.

3. PDM_SEQ

6
High

Investing in listed stocks with strong fundamental and high business growth potential

4. PDM_DYNAMIC

6
High

Investing in listed stocks with strong fundamental, high business growth potential and high conviction

Foreign Equity (Passive)

1. PDM_WORLD-INDX-A

6
High

The fund invests in iShares MSCI ACWI ETF.
To invest in the equity securities that are constituents of the MSCI ACWI Index with an objective to track the investment results of the index.

The exchange rate risk is hedged upon Fund manager’s discretion.

2. PDM_WORLD-INDFX-A

6
High

The fund invests in iShares MSCI ACWI ETF.
To invest in the equity securities that are constituents of the MSCI ACWI Index with an objective to track the investment results of the index.

The exchange rate risk is unhedged.

3. PDM_USINDX-A

6
High

The fund invests in iShares Core S&P 500 ETF.
To invest in stocks that are included in the S&P 500 Index.

The exchange rate risk is fully hedged.

4. PDM_USINDFX-A

6
High

The fund invests in iShares Core S&P 500 ETF.
To invest in stocks that are included in the S&P 500 Index.

The exchange rate risk is unhedged.

5. PDM_NDQ-A

6
High

The fund invests in Invesco NASDAQ 100 ETF.
To invest in the equity securities that are constituents of the NASDAQ-100 Index.

The exchange rate risk is hedged upon Fund manager’s discretion.

6. PDM_JPINDX-A

6
High

The fund invests in Nikkei 225 Exchange Traded Fund.
To invest only in stocks that are included or are due to be included in the Nikkei 225.

The exchange rate risk is fully hedged.

7. PDM_CSI300-A

6
High

The fund invests in ChinaAMC CSI 300 Index ETF.
To invests directly in securities included in the CSI 300 Index.

The exchange rate risk is hedged upon Fund manager’s discretion.

8. PDM_HSHARE-INDX

6
High

The Fund invests in Hang Seng China Enterprises Index ET.
To invest in investment units of a foreign fund named Hang Seng China Enterprises Index ETF.

The exchange rate risk is hedged upon Fund manager’s discretion.

Foreign Equity (Active)

1. PDM_GBRANRMF

6
High

The Fund invests in Morgan Stanley Investment Fund-Global Brands Fund (Class Z).
To invest primarily in equity securities of companies in the world’s developed countries whose success the Company believes depends on intangible assets

The exchange rate risk is hedged upon Fund manager’s discretion.

2. PDM_GDIV-A

6
High

The fund invests in Fidelity Funds – Global Dividend Fund, Class Y-QINCOME(G)-USD.
To invest globally in the equity securities with focus on stocks which offer attractive dividend yields in addition to price appreciation.

The exchange rate risk is fully hedged.

3. PDM_HEUROPE-A

6
High

The fund invests in Goldman Sachs Europe CORE® Equity Portfolio, Class I Shares (Acc.).
To invest in equity securities of European companies.
The Fund invests primarily in European equity securities using the CORE® strategy, with at least two-thirds of its assets in equities or related securities of companies based in or earning most revenues from Europe.

The exchange rate risk is fully hedged.

4. PDM_ESG-A

6
High

A minimum of 80% of NAV in average of fund accounting year are invested in the Master Fund named, AB Sustainable Global Thematic Portfolio.

The exchange rate risk is hedged at least 90% of the foreign investment value.

5. PDM_HASIA-A

6
High

Minimum 80% of NAV in average of fund accounting year are invested in the Master Fund named, Baillie Gifford Pacific Fund (Class B Acc).
(The change of investment in the Master Fund from Vontobel Fund - mtx Sustainable Asian Leaders (ex-Japan) takes effect from 15 December 2021 onwards.).

The exchange rate risk is hedged at least 90% of the foreign investment value.

6. PDM_ACHINA-A

6
High

Minimum 80% of Funds assets in average of fund accounting year are invested in the Master Fund named, UBS (Lux) Investment SICAV - China A Opportunity (USD) (Class P - acc).

The exchange rate risk is hedged upon Fund manager’s discretion.

7. PDM_INDIARMF

6
High

Mainly invest in units of a foreign fund, FSSA Indian Subcontinent Fund, with net exposure at least 80%, in average of its NAV in any accounting period.

The exchange rate risk is hedged upon Fund manager’s discretion.

8. PDM_VIET-A

6
High

Invest in foreign equity funds and/or Exchange Traded Fund (ETF) whose investment policy focuses on investment in listed securities in Vietnam and/or whose business or interest from business in Vietnam is, in average in any accounting period, no less than 80% of its NAV and at least 2 funds. The fund invests in the following funds; 1. JPMorgan Vietnam Opportunities Fund 2. Dragon Capital Vietnam Equity UCITS Fund 3. Lumen Vietnam Fund managed.

The exchange rate risk is hedged upon Fund manager’s discretion.

Foreign Equity (Sector Fund)

1. PDM_HCARERMF

7
High

At least 80% of NAV in each accounting year in a foreign fund titled JPM Global Healthcare Fund (Master Fund) with at least 67% of the assets (excluding cash and cash equivalents) being invested in equity securities of Healthcare Companies.

The exchange rate risk is hedged upon Fund manager’s discretion.

2. PDM_HTECH-A

7
High

To invest globally in the global equity securities of companies whose predominant economic activity is in the technology sector.

The exchange rate risk is hedged at least 90% of the foreign investment value.

Alternative Investment

1. PDM_GOLD

8
Very high

To invest in investment units of a foreign fund named SPDR Gold Trust, which invests in gold bullion in order to generate return comparable to return on investment from gold.

Not hedging foreign exchange.

Life Path

Equity

1. PDM_ENS50-A

6
High