UOB ASSET MANAGEMENT (THAILAND) COMPANY LIMITED| | Offering Date : 22/11/2019 - 29/11/2019

KRUNG THAI ASSET MANAGEMENT PUBLIC COMPANY LIMITED|Feeder Fund | Offering Date : 25/03/2016 - 31/03/2016

UOB ASSET MANAGEMENT (THAILAND) COMPANY LIMITED|Feeder Fund | Offering Date : 02/06/2016 - 08/06/2016

LAND AND HOUSES FUND MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 18/07/2023 - 25/07/2023

-factor model do not fully price the 9 versions of the value premium 2 Is value premium driven by behavioral factors? • Macro factors • Factor-mimicking portfolios Motivation Explaining Value Data Results

PotentialTiming Level Issuer Portfolio Present Breadth Macro Sector-level Micro Issue Categorising Material ESG Factors SEC Classification : ใชภ้ายใน (Internal) 11 Source: PRI Choosing Credit-relevant Time Horizons

accidents. Business wise Q3 2019 as in Q2 the macro economy and the competitive landscape remains challenging. The continuing weakness in the steel sector had a significant volume and revenue impact, but we

back to the Company. Not only macro factors benefit to the Company, but also the data from the Bank of Thailand support that Gross NPL at the end of 2018 was 439,790 million Baht higher than 14,211

repay cash back to the Company. Not only macro factors benefit to the Company, but also the data from the Bank of Thailand support that Gross NPL at the end of 2018 was 439,790 million Baht higher than

farmers to tax relief. The main lime consuming sectors of the industry had limited impact from Covid-19 in Q1 by the macro economy. However, the forecasts are for a drop in demand in the coming quarters as