accounting is largely transaction-focused and ill-equipped to capture the intangible drivers that increasingly underpin value creation in the modern economy. The so- called ‘value gap’ between more traditional

❑ Presentation of ESG Information and Analysis CFA Institute Standards of Practice Handbook, Eleventh Edition, “Standard V: Investment Analysis, Recommendations, and Actions” provides guidance on best practices

Fund standard deviation Benchmark 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

) Benchmarks: YTD 3 months 6 months 1 year Fund This HK Covered Fund is authorised and under the supervision of the Securities and Futures Commission of Hong Kong. Benchmarks Fund standard deviation Benchmark

supervision of [name of Home Regulator]. Benchmarks Fund standard deviation Benchmark standard deviation Warning • Investments in the mutual fund are not deposits. • The mutual fund’s past performance does not

Duration List of Fund Managers Past performance at specific periods (% per annum) YTD 3 months 6 months 1 year Benchmarks: Fund Benchmarks Peer group average Fund standard deviation Benchmark standard

share (Baht) 0.03 0.06 (0.03) * According to the adoption of Thai Financial Reporting Standard No.9 Financial Instruments since January 1, 2020, the Company reclassified loan from financial institution

defined compared with earnings per share (EPS) from the same quarter of the prior year. • The four quarters lagged earnings benchmark is informed by Graham et al.’s (2005) findings. • Note that, By

difference between the fund’s raw total return and the total return of the Stock Exchange of Thailand. 3 Tracking error is the standard deviation of the monthly relative return. For asset pricing risk factors

, Clause 37, Clause 38, Clause 43(3), and Clause 44 of the Notification of the Capital Market Supervisory Board No. Tor Thor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating