payment] ▪ Investors who seek stable returns or capital protection. ▪ Investors who intend to invest solely in fixed income securities with good credit rating, high, liquidity, and low-price volatility as

securities with good credit rating, high, liquidity, and low-price volatility as this CIS is not restricted by investment regulations like those of Money Market Fund. 4 ▪ has a net exposure in deposit or fixed

$ bln) CRSP US Large Cap Growth TR (48 $ bln) 2 CRSP US Total Market TR (405 $ bln) NYSE Arca Gold Miners TR (6 $ bln) CRSP US Large Cap Value TR (37 $ bln) 3 FTSE Global All Cap ex US NR (146 $ bln) BMV

expenditures of state enterprises. Exports during the first 8 months of 2019 contracted 2.2% from the same period last year with contractions across all categories. Excluding exports of gold, value of exports

enterprises. Exports during the first 9 months of 2019 contracted 2.1% from the same period last year with contractions across all categories. Excluding exports of gold, value of exports contracted 4.0% as a

percent from the same period of last year affected by foreign exchange volatility during the Covid-19 pandemic in first quarter that lead to accumulated loss on exchange rate. 2. Cost of goods sold and

account, bond dealing, private repos and other investments. The Company’s DW business was significantly impacted by the extreme volatility of the Thai stock market during March 2020. The Company is a market

last year. When excluding exports of gold, value of exports declined by 3.5% mainly from the slow economic growth of trading partners including 3 the shutdown measures imposed by several countries with

and capital expenditures partly due to the delay of FY2020 budget. Exports for the first 2 months of 2020 contracted at 0.8% compared to the same period last year. When excluding exports of gold, value

alternative assets, such as REITs/infrastructure funds/ property funds/ private equity/ commodity indices/ gold/crude oil, at an average of not less than 80% of NAV in an accounting period If a fund has an