standard deviation Warning • Investments in the mutual fund are not deposits. • The mutual fund’s past performance does not guarantee future results. 3 years 5 years 10 years Since inception Fund Benchmarks

guarantee future results. 3 years 5 years 10 years Since inception Fund Benchmarks Fund standard deviation Benchmark standard deviation Morningstar Fund Rating Investors can study liquidity risk management

สภาพคล่องและมีความเสี่ยงต่ำไว้เพื่อการปฏิบัติตามข้อผูกพันดังกล่าว (explicit guarantee) เพื่อประโยชน์ในการพิจารณาความเพียงพอของแหล่งเงินทุนตามวรรคหนึ่ง สำนักหักบัญชีสัญญาต้อง

;guarantee) เพื่อประโยชน์ในการพิจารณาความเพียงพอของแหล่งเงินทุนตามวรรคหนึ่ง สำนักหักบัญชีสัญญาต้องทำการประเมินค่าความเสี่ยงสูงสุด (stress test) อย่างน้อยทุกไตรมาส และ

long term. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors has performed its duty with honesty and has carefully preserved the benefit of the Company in relation to

increase in the Company’s competent capability in the long term. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors has performed its duty with honesty and has carefully

the Company, resulting in the enhancement in the Company’s ability to achieve its goal and the increase in the Company’s competent capability in the long term. 5. Warranty of Directors The Board of

of ECF-W2 and ECF-W3. 5. Directors’ Warranty The Board of Directors of the Company hereby warrants that the Board of Directors of the Company has performed its duties with honesty and in good faith

. 5. Directors’ Warranty The Board of Directors of the Company hereby warrants that the Board of Directors of the Company has performed its duties with honesty and in good faith with due care to protect

outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained herein. 3 Bangkok Commercial Asset Management