“Fund for institutional and ultra-accredited investors only. This fund’s risks are high and complex.”

 

Fund Type	Other funds with policy to invest in private credit. Feeder Fund.
Risk Level	8+
Investment Policy	Invests solely in the Class I UD units of the Ares Strategic Income Offshore Access Fund (master fund), averaging no less than 80% of NAV during the financial year.  The master fund invests at least 95% of its NAV in the Class I units of the Ares Strategic Income Fund (reference fund). The reference fund’s aim is to directly invest in originated assets, namely first lien senior secured loans, second lien senior secured loans, subordinated secured and unsecured loans, subordinated debt, and other debt securities.  Investments are predominantly in US private companies. The fund may invest or hold derivatives to hedge against risks, but will not specifically hedge against foreign exchange risks. The fund may also engage in borrowing and repurchase contracts for portfolio management purposes up to no more than 50% of NAV.
Master Fund	Ares Strategic Income Offshore Access Fund, which is a sub-fund of Ares Wealth Management Solutions Global Access S.C.A., SICAV-RAIF
ISIN code of Master Fund	LU2708805176
Alternative Investment Fund Manager (AIFM) (Fund Manager)	Carne Global Fund Managers (Luxembourg) S.A.
Investment Strategy (Master Fund)	Under normal market conditions, the master fund aims to invest at least 95% of its NAV in the Ares Strategic Income Fund (reference fund).  The remainder of the master fund’s portfolio is intended to (i) provide liquidity to support redemptions (“liquidity reserves”); and (ii) provide reserves to cover the fund’s liabilities and obligations.  This amount may be in the form of cash, cash equivalents, and/or liquid securities.
Currency (Maser Fund)	US dollars (USD)
Foreign Exchange Risk Hedging Policy (Baht)	Unhedged against foreign exchange risk.
Dividend Policy	No dividends
Minimum Initial Purchase	500,000 Baht
Minimum Subsequent Purchase	10,000 Baht
Minimum Redemption Amount	None
Trading Hours	Purchases : Orders to purchase units are accepted on a monthly basis with the first trading day of the month designated as the purchase date for that respective month.  If that date does not constitute a fund trading day, the next trading day shall apply.   Investors must submit orders to purchase along with payment in advance, according to schedules prescribed by KTAM, from the start of office hours – 15.30 hrs.  Submit orders to KTAM or a selling agent (if any).   KTAM prescribes the deadline for accepting advance orders and the trade date.  Investors are notified in advance through the company’s website, or any other channels KTAM prescribe.   Redemptions : Discretionary redemptions:  Accepted once a month on the first trading day of March, June, September, and December of each year, respectively, or according to other schedules prescribed by KTAM.  If that date does not constitute a trading day, the next trading day shall apply.  Investors must place the redemption order at least 10 business days in advance according to the schedule prescribed by KTAM.  If the deadline for accepting advance orders coincides with a holiday for the Thai fund, the prior business day shall constitute the deadline.   KTAM prescribes the deadline for accepting advance redemption orders and the trade date, whereby investors shall be notified in advance through the company’s website, or any other channels KTAM prescribe.
Settlement Payment for Redemptions	T+32 business days after the redemption, which does not yet include foreign public holidays and does not yet include the approximately 10 days required to submit the order before the intended redemption date.  Under normal circumstances, settlement is completed within T+5 business days after calculation of NAV; NAV is typically calculated on the first trading day of the subsequent month.
Management Fee	Not more than 2.14% p.a.1   (actual rate currently  1.07% p.a.1)
Trustee Fee	Not more than 0.214% p.a.1 (actual rate currently  0.0321% p.a.1)
Registrar Fee	Not more than 0.535% p.a.1 (actual rate currently  0.107% p.a.1)
Front-End Fee (Purchase)	Not more than 3.21%1  During IPO  : Investment amount under Bt10m/order:  1.07% Investment amount from Bt10m/order but under Bt30m/order: 0.910% Investment amount over Bt30m/order:  0.749% Post IPO : 1.25%
Back-End Fee (Redemption)	Not more than 3.21%1  (currently waived)
Brokerage Fee Incurred from Transacting Fund Units	Not more than 5.35%1 (currently waived)
Exit Fee for premature redemption before 12-month holding period	Not more than 5.35%1 (actual rate currently 2.00%) (Investors are urged to review details about such exit fee from the fund prospectus)
Bloomberg Ticker	Ticker : KTPCUHA TB

¹ Fees already include value added tax, special business tax and other similar taxes.