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Fund Factsheet31 December 2021TMBAM M Choice Registered Provident FundTMB Target Retirement 2050TMBAM Eastspringstance against corruption:Certified by CACTarget Retirement FundImportance of selecting an investment policyType of Member suitable for this Investment PolicyInvestment Assets and Portfolio BreakdownFund performanceInvestment risksFees and chargesOther informationTMB Asset Management Co., Ltd., 944 Mitrtown Office Tower (9nd floor), Rama 4 Rd. Wangmai, Pathumwan, Bangkok 10330Tel. 02-838-1800 or 1725 website: www.tmbameastspring.com1
1.Since each provident fund member is unique and expectations for financial returnsand acceptable risk levels are different, a member should be able to selectinvestment policies that are most suitable, yet able to change them as necessary andas one ages in life. This will enable the member’s savings in the provident fund togrow sufficiently to meet financial needs upon retirement. For example, a providentfund member who is young with a provident fund that has a longer period to invest,will be very resilient to price fluctuations the investments may have. Such membercan choose investment policies that contain equities to generate prospects of longterm returns higher than fixed income investments. On the other hand, a providentfund member nearing retirement do not have a comparably long period remaining toinvest, hence principal protection is of primary importance. This member shouldinstead choose policies centered on fixed income investments to mitigate the lossfrom price fluctuations and the risk of the provident fund balance being insufficient tosupport retirement.2.This policy invests in more than one master fund comprising fixed income funds,equity funds, alternative investment funds, and flexible funds, but the portioninvested in equity funds will be capped at no more than 75% of the portfolio.If the fund invests in foreign markets, the fund’s policy may include the use ofderivatives to hedge against foreign-exchange risks at the discretion of fundmanagers.2
Investment ObjectivesTo achieve an appropriate risk-adjusted return.This policy is suitable for Members who seek a financial return which is higher than general fixedincome instruments. Members who want their PVD balance to grow and help provide financialsupport during retirement. Members who can accept the risk of investing in foreign equity securities andassets.This policy is not suitable for Members who require stable financial returns and full principal protection. Members who expect high financial returns.For More inquiries on Investment Policy Scope please contact : Provident Fund Committee Search www.thaipvd.com Investment Consulting Center Tel 17253
3.Portfolio BreakdownUnits of TMB Global IncomeFund11.61Units of TMB Global Quality Growth14.62Units of TMB EastspringProperty & InfrastructureIncome Plus Flexible14.70Others1.44Bank savings deposits2.24Units of TMB SET5044.13Units of TMB Eastspring FixedIncome for PVD11.25Data as of 31 December 2021Top 5 HoldingsAssets% of NAV1. Units of TMB SET50 Fund44.132. Units of TMB Eastspring Property and Infrastructure Income PlusFlexible Fund14.703. Units of TMB Global Quality Growth Fund14.624. Units of TMB Global Income Fund11.615. Units of TMB Eastspring Fixed Income for PVD11.25Data as of 31 December 2021More information available at www.tmbameastspring.com4
4.* Note that past performance does not guarantee future performance *Fund10.0%Benchmark8.47% 8.56%8.0%6.0%4.13%4.0%2.0%0.56%0.0%-2.0%-1.80% -2.20%-4.0%202120202019Inception Date26 Feb 19Note : Return is on a per annum basis (annualized).Performance benchmark used to compare the fund managers’ performance over theperiod measured consists of:1.) Government Bond Index, 1-3 years (18%) and2.) TBMA Short-term Government Bond Index (3%) and3.) Corporate Zero Rate Return Index (BBB) 3-Year (3%) and4.) 1-year Thai Baht Interest Rate Fix (THBFIX) plus average credit spread of A-rated1-year instruments for period measured (6%) and5.) SET50 Total Return Index (70%)5
5.Warnings & Recommendation Although a flexible fund’s return may fluctuate in the short term, or incur a loss,the return in the long term can outpace inflation. This policy is not restricted to set of regulations for requirement ofinvestment particularly in instruments with low risk like mutual funds in moneymarket. Therefore, the risk of this Fund is higher than the mutual fund in moneymarket. market riskportfolio duration : This fund has a portfolio duration of 0.17 Year(Information as of 31 December 2021)standard deviation : SDMarket Risk means the risk that the values of securities which the Fund has investedmay increase or decrease due to outside factors such as economic/ investmentsituations, political factors both internally and internationally which could beconsidered from the Standard Deviation (SD) of the Fund. If the Fund has a high SD, itis an indicator that the Fund has high a fluctuation from the changes in the prices ofsecurities.6
exchange rate riskCurrency Risk is the possibility that changes in exchange rate will affect the value ofinvestment units. For example, if a mutual fund invests in securities denominated in US Dollarduring Thai Baht depreciation and the units are subsequently sold when Thai Bahtappreciates, the mutual fund will receive lower return in Thai Baht. On the other hand, if thesame fund invests in securities denominated in US Dollar during Thai Baht appreciation andthe units are subsequently sold when Thai Baht depreciates, the mutual fund will receivehigher return in Thai Baht. Therefore, currency hedging techniques as follows are key toolsto manage such risk.Hedging at discretion of the fund manager: Investors may be exposed to currency riskbecause it is the discretion of the fund manager whether to use a currency hedgingtechnique.7
6.Fees Charged to the FundData as of 31 December 2021Fees Charged to the Fund (Provident Fund Level)(% p.a. of NAV)Fund Management Fee (% p.a. of NAV)Member Registrar Fee (% p.a. of NAV)Total Expenses(% p.a. of NAV)Fees Charged to the Fund (Mutual Fund Level)(% p.a. of NAV)Total Expenses (% p.a. of NAV)- TMB SET50- TMB Eastspring Property and InfrastructureIncome Plus Flexible- TMB Global Quality Growth Fund- TMB Global Income- TMB Eastspring Fixed Income Fund for PVDNone Yes No0.6321% (MAX 1.2000%)1.2235% (MAX 2.9960%)1.7881% (MAX 2.7820%)1.0926% (MAX 1.9795%)0.5017% (MAX 1.000%)Fees Charged to the Fund by Each EmployerAuditor Fee (% p.a. of NAV)Covered by TMBAM8
Fees Charged to Fund MembersBrokerage Fee for Purchasing Securities (% oforder amount) as charged to member placing theorder (collected by fund)- TMB SET500.10%- TMB Eastspring Property and InfrastructureNoneIncome Plus Flexible- TMB Global Quality Growth FundNone- TMB Global IncomeCurrently Not charged- TMB Eastspring Fixed Income Fund for PVDCurrently Not chargedBrokerage Fee for Selling Securities (% of orderamount) as charged to member placing the order(collected by fund)- TMB SET50- TMB Eastspring Property and InfrastructureIncome Plus Flexible- TMB Global Quality Growth Fund- TMB Global Income- TMB Eastspring Fixed Income Fund for PVDFee for Statement of Provident Fund AccountFee to Retain Balance in the FundFee to Switch Investment Policy0.10%0.10%NoneCurrently Not chargedCurrently Not chargedNone500 Baht per yearNoneNote : Fees shown above already include VAT, special business tax and other taxes (if any).9
7.Contain us for advice onselection/modification ofinvestment policy/plan Investment Consulting Center Tel. 1725Mon – Fri from 8.30-17.00 hrs.(except public holidays) FundLink MAt www.tmbameastspring.com E-mail : pvd@tmbameastspring.comInformation on changinginvestment policies* Features permitted depend on conditionsestablished by the Provident Fund Committee ofyour employerFrequency of investment policy FundLink M at www.tmbameastspring.com, selectmenu for investment plans offered by yourchanges permittedemployerDay for investment policyDailychangeSubmission of investment policy Documents received by 12.00 hrs.changeInformation about otherFundLink M at www.tmbameastspring.com, selectinvestment policiesmenu to view all policiesView transaction historyFundLink M at www.tmbameastspring.com, selectmenu to view transaction history (viewable 24 hrs. aday)10
Options to continue saving after Retain balance in the fundresigning from job / retirement Retirement Mutual Fund for PVD TMBAM Mutual funds which can be redeemedas annuities by configuring an Auto InvestmentPlan (AIP)Tool to estimate whetherFundLink M at www.tmbameastspring.com, selectprovident fund balance would menu for Retire Rich Workbookbe sufficient for retirement Investing in unit trusts is not the same as making a bank deposit and is notprotected by the Deposit Protection Agency. As such, funds contain investmentrisks and the account owner may receive an ending amount that is less than theoriginal sum invested. The performance measurements for the provident fund complies with theAssociation of Investment Management Companies’ fund performancemeasurement standards that apply to provident funds. Note that pastperformance does not guarantee future performance. Past performance does not guarantee future performance. Investments contain risks. Examine information carefully before making aninvestment decision. Familiarize yourself with the fund’s features, terms and conditions regardingfinancial returns, and risks before making an investment decision.11
TMB Asset Management Co., Ltd., 944 Mitrtown Office Tower (9nd floor), Rama 4 Rd. Wangmai, Pathumwan, Bangkok 10330 Tel. 02-838-1800 or 1725 website: www.tmbameastspring.com TMB Target Retirement 2050 Target Retirement Fund Fund Factsheet . same fund invests in securities denominated in US Dollar during Thai Baht appreciation and
