Krungsri Asset Management - Krungsri Smart Fixed Income Fund-I (KFSMART-I)

Krungsri Smart Fixed Income Fund-I (KFSMART-I)

Information as of Apr 30, 2024

Fund Type

Fixed Income Fund

Dividend Policy

None

Inception Date

24 November 2022

Investment Policy

The Fund will invest on onshore and/or offshore in debt instruments and/or deposits or deposits equivalent issued, certified, avalized, or repayment-guaranteed by the government, a state enterprise, a financial institution, and/or private entity, where such instruments are designated as investment grade in either the issue rating category or the issuer rating category. (please see details in prospectus summary)

Fund Manager

Theerapab Chirasakyakul, Porntipa Nungnamjai

Asset Allocation

0.28%

Instruments issued by Sovereign or Supra-national organization

22.46%

Fixed Income Instruments issued by Bank of Thailand

24.32%

Deposits and Fixed Income Instruments issued by Financial Institutions

53.07%

Fixed Income Instruments Issued by Corporates

0.74%

Other Assets

-0.87%

Other Liabilities

Download

Prospectus (Thai Version Only)

Mutual Fund Project & Commitment (Thai Version Only)

Fund Fact Sheet

Semi Annual Report (Thai Version Only)

Annual Report (Thai Version Only)

Examples For NAV Calculation (Thai Version Only)

Asset Allocation (Data as of 29 March 2024)

Return Chart

NAV Movement

3 Months
12 Months
Since inception

Risk Level

Medium to Low Risk

Low Risk

High Risk

Foreign exchange risk

Thai fund will enter into a forward contract to hedge against the exchange rate risk for the value of at least 90% of the foreign investment value.

Transaction Details

Minimum Purchase Amount (Baht): None

Minimum Redemption Amount (Unit): None

Proceeds Payment Period: 1 business day after the execution (T+1)

Fund Subscription Period: Every dealing date of the fund by 15.30 hrs.

Fund Redemption Period: Every dealing date of the fund by 15.30 hrs.

Transaction Channel: Krungsri Asset Management,Online Service,AGENT

Asset Allocation (30 Apr 2024)

Instruments issued by Sovereign or Supra-national organization	0.29%
Fixed Income Instruments issued by Bank of Thailand	27.84%
Deposits and Fixed Income Instruments issued by Financial Institutions	18.93%
Fixed Income Instruments Issued by Corporates	53.27%
Other Assets	0.69%
Other Liabilities	-1.01%

Top Five Issuers/Guarantors (30 Apr 2024)

Bank of Thailand	27.84%
Asia Sermkij Leasing Plc.	6.25%
Doha Bank	4.69%
Srisawad Corporation Plc.	4.54%
Agricultural Bank of China	4.03%

Top Five Securities

Security Code	Issue / Issuer Rating	% of NAV
Bank of Thailand Bond 12/FRB364/2023	-	5.76%
Bank of Thailand Bond 10/FRB364/2023	-	5.30%
Agricultural Bank of China	A	4.03%
Bank of Thailand Bond 8/FRB364/2023	-	4.01%
The Debentures of Ratchthani Leasing Public Company Limited No. 1/2021	A-	3.80%

Fixed Income Funds

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Medium Term Fixed Income Fund (KFMTFI)	+0.32%	+1.72%	+0.64%	+1.78%	+1.24%	+1.52%	+1.78%	+2.48%		1,223
Standard Deviation of Fund	+0.56%	+0.58%	+0.52%	+0.54%	+0.64%	+0.74%	+0.60%	+0.66%
Krungsri Medium Term Fixed Income Dividend Fund (KFMTFI-D)	+0.28%	+1.68%	+0.60%	+1.79%	+1.15%	+1.46%	+1.76%	+2.89%	507
Standard Deviation of Fund	+0.55%	+0.58%	+0.53%	+0.53%	+0.61%	+0.76%	+0.62%	+0.94%
Benchmark⁽¹⁾	+0.29%	+0.98%	+0.51%	+1.18%	+0.55%	+2.12%	+2.51%	N/A
Standard Deviation of Benchmark	+0.29%	+0.24%	+0.27%	+0.21%	+0.27%	+0.80%	+0.96%	N/A

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Star Plus Fund-A (KFSPLUS-A)	+0.53%	+1.04%	+0.71%	+1.86%	+0.98%	+1.01%	+1.31%	+3.03%		55,191
Benchmark⁽³⁾	+0.40%	+0.80%	+0.53%	+1.46%	+0.82%	+0.82%	+1.06%	+2.23%
Standard Deviation of Fund	+0.07%	+0.07%	+0.07%	+0.07%	+0.06%	+0.06%	+0.07%	+0.87%
Standard Deviation of Benchmark	+0.01%	+0.02%	+0.01%	+0.02%	+0.03%	+0.03%	+0.03%	+0.10%
Krungsri Star Plus Fund-I (KFSPLUS-I)	+0.53%	+1.04%	+0.71%	+1.86%	N/A	N/A	N/A	+1.62%	0
Benchmark⁽³⁾	+0.40%	+0.80%	+0.53%	+1.46%	N/A	N/A	N/A	+1.27%
Standard Deviation of Fund	+0.07%	+0.07%	+0.07%	+0.07%	N/A	N/A	N/A	+0.07%
Standard Deviation of Benchmark	+0.01%	+0.02%	+0.01%	+0.02%	N/A	N/A	N/A	+0.03%

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Smart Fixed Income Fund-A (KFSMART-A)	+0.55%	+1.28%	+0.80%	+2.09%	+1.23%	+1.30%	N/A	+1.39%		45,296
Benchmark⁽⁴⁾	+0.57%	+1.14%	+0.78%	+2.10%	+1.22%	+1.19%	N/A	+1.32%
Standard Deviation of Fund	+0.12%	+0.12%	+0.12%	+0.13%	+0.16%	+0.17%	N/A	+0.15%
Standard Deviation of Benchmark	+0.10%	+0.10%	+0.10%	+0.10%	+0.08%	+0.08%	N/A	+0.07%
Krungsri Smart Fixed Income Fund-I (KFSMART-I)	+0.55%	+1.28%	+0.80%	+2.09%	N/A	N/A	N/A	+1.88%	120
Benchmark⁽⁴⁾	+0.57%	+1.14%	+0.78%	+2.10%	N/A	N/A	N/A	+1.87%
Standard Deviation of Fund	+0.12%	+0.12%	+0.12%	+0.13%	N/A	N/A	N/A	+0.14%
Standard Deviation of Benchmark	+0.10%	+0.10%	+0.10%	+0.10%	N/A	N/A	N/A	+0.09%

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Active Fixed Income Fund-A (KFAFIX-A)	+0.41%	+1.83%	+0.73%	+2.14%	+1.49%	+1.87%	N/A	+1.99%		18,421
Benchmark⁽⁵⁾	+0.27%	+2.05%	+0.67%	+1.57%	+0.88%	+1.63%	N/A	+1.75%
Standard Deviation of Fund	+0.56%	+0.58%	+0.53%	+0.53%	+0.80%	+1.00%	N/A	+0.88%
Standard Deviation of Benchmark	+0.80%	+0.81%	+0.76%	+0.78%	+1.06%	+1.10%	N/A	+0.95%
Krungsri Active Fixed Income Fund-C (KFAFIX-C)	+0.45%	+1.91%	+0.79%	+2.31%	N/A	N/A	N/A	+1.43%	970
Benchmark⁽⁶⁾	+0.27%	+2.05%	+0.67%	+1.57%	N/A	N/A	N/A	+0.75%
Standard Deviation of Fund	+0.56%	+0.58%	+0.53%	+0.54%	N/A	N/A	N/A	+0.80%
Standard Deviation of Benchmark	+0.80%	+0.81%	+0.76%	+0.78%	N/A	N/A	N/A	+1.08%
Krungsri Active Fixed Income Fund-I (KFAFIX-I)	+0.41%	+1.83%	+0.73%	+2.14%	N/A	N/A	N/A	+2.26%	101
Benchmark⁽⁶⁾	+0.27%	+2.05%	+0.67%	+1.57%	N/A	N/A	N/A	+1.91%
Standard Deviation of Fund	+0.56%	+0.57%	+0.52%	+0.53%	N/A	N/A	N/A	+0.56%
Standard Deviation of Benchmark	+0.80%	+0.81%	+0.76%	+0.78%	N/A	N/A	N/A	+0.79%

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Enhanced Active Fixed Income Fund (KFENFIX)	+0.17%	+2.31%	+0.52%	+1.61%	+1.10%	N/A	N/A	+1.23%		683
Benchmark⁽⁷⁾	+0.17%	+2.35%	+0.63%	+1.35%	+0.62%	N/A	N/A	+1.03%
Standard Deviation of Fund	+1.16%	+1.22%	+1.10%	+1.13%	+1.39%	N/A	N/A	+1.68%
Standard Deviation of Benchmark	+0.88%	+0.90%	+0.84%	+0.85%	+1.17%	N/A	N/A	+1.40%

Fund	Historical Returns								Fund Size (mil)
	% Cumulative Return			% Annualized Return				Since Inception
	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Krungsri Fixed Income Trigger 1 Fund (KFFITG1)	+0.51%	+1.41%	+0.80%	+2.13%	N/A	N/A	N/A	-0.42%		125
Benchmark⁽⁸⁾	+0.35%	+1.11%	+0.59%	+1.37%	N/A	N/A	N/A	+0.74%
Standard Deviation of Fund	+0.22%	+0.20%	+0.21%	+0.21%	N/A	N/A	N/A	+1.63%
Standard Deviation of Benchmark	+0.25%	+0.21%	+0.23%	+0.19%	N/A	N/A	N/A	+0.26%
Krungsri Fixed Income Trigger 2 Fund (KFFITG2)	+0.53%	+1.42%	+0.81%	+2.14%	N/A	N/A	N/A	-0.37%	255
Benchmark⁽⁸⁾	+0.35%	+1.11%	+0.59%	+1.37%	N/A	N/A	N/A	+0.73%
Standard Deviation of Fund	+0.22%	+0.20%	+0.20%	+0.21%	N/A	N/A	N/A	+1.60%
Standard Deviation of Benchmark	+0.25%	+0.21%	+0.23%	+0.19%	N/A	N/A	N/A	+0.26%

Past Performance Information as of 30/04/2024

Past performance is not guarantee of future results.
Performance numbers are calculated according to the AIMC's standard. Performance is expressed in annualized for the period ≥ 1 year.

The Morningstar Indexes are the exclusive property of Morningstar, Inc. Morningstar, Inc., its affiliates and subsidiaries, its direct and indirect information providers and any other third party involved in, or related to, compiling, computing or creating any Morningstar Index (collectively, “Morningstar Parties”) do not guarantee the accuracy, completeness and/or timeliness of the Morningstar Indexes or any data included therein and shall have no liability for any errors, omissions, or interruptions therein. None of the Morningstar Parties make any representation or warranty, express or implied, as to the results to be obtained from the use of the Morningstar Indexes or any data included therein.

Remark

(1)	1. Average interest rate for one-year fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 50.00% 2. Net Total Return of ThaiBMA Government Bond Index with a 1-3 year tenor: 50.00%
(2)	1. SET Total Return Index (SET TRI): 50.00% 2. Average interest rate for one-year fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 25.00% 3. Net Total Return of ThaiBMA Government Bond Index: 25.00%
(3)	1. Zero Rate Return (ZRR) Index with an approximately 3-month tenor: 50.00% 2. Average interest rate for 3-month fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 50.00%
(4)	1. Short-term Government Bond Index: 30.00% 2. ThaiBMA Commercial Paper Index with BBB- and above issuer rating: 20.00% 3. Average interest rate for one-year fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 20.00% 4. Thai Overnight Repurchase Rate (THOR); after tax: 30.00%
(5)	1. Net Total Return of ThaiBMA Government Bond Index with a tenor of 10 years or less: 50.00% 2. Net Total Return of 1-3 year ThaiBMA Corporate Bond Index (MTM) with BBB+ and above issuer rating: 30.00% 3. Average interest rate for one-year fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 10.00% 4. Thai Overnight Repurchase Rate (THOR); after tax: 10.00%
(6)	1. Net Total Return of ThaiBMA Government Bond Index with a tenor of 10 years or less: 50.00% 2. Net Total Return of 1-3 year ThaiBMA Corporate Bond Index (MTM) with BBB+ and above issuer rating: 30.00% 3. Average interest rate for one-year fixed deposits with the amount less than 5 million Baht of 3 major banks, namely, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank; after tax: 10.00% 4. Thai Overnight Repurchase Rate (THOR); after tax: 10.00%
(7)	(1) Net Total Return of ThaiBMA Government Bond Index with a tenor of 10 years or less 70% (2) Net Total Return of 1-3 year ThaiBMA Corporate Bond Index (MTM) with A- and above issuer rating 30%
(8)	1.50.00% Zero Rate Return (ZRR) Index with an approximately 2-year tenor, 2.50.00% The average interest rate 1-year fixed deposit of 1 MB in individual-type a/c of BBL, KBank and SCB; after tax

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Foreign exchange risk

Past Performance Information as of 30/04/2024

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