aia short term fixed income (aia-st)

?

30 2564

.

AIA Short Term Fixed Income (AIA-ST)

. ( )

: -

?

?

AIA-ST 1

•

-

- T+1

-

-

-

-

(Active Management)

-

?

1. /

/ /

(Investment Grade)

80

(Unrated)

(Issue/Issuer) (Non-investment grade)

(Non-investment grade)

(Investment Grade) 79

(portfolio duration) 1

•

2.

/ (Hedging)

(Foreign Exchange Rate Risk) 90

3. 100

. . . (Circle Investment)

(Cascade Investment)

AIA-ST 2

•

AA, A BBB BBB unrated

AA, A BBB BBB unrated

:

(credit rating) 20% NAV

?

-

- (Derivatives) 90

- 2 3

- 1 3

1. (Credit Risk)

Credit rating

National Credit Rating Gov.Bond/AAA

Credit rating

International Credit Rating Gov.Bond/AAA

AIA-ST 3

30 2564

3 3 1 1 3 3 5 5

(SD) <5% 5-10% 10-15% 15-25% 0.25

4. (High Issuer Concentration Risk)

≤10% 10-20% 20-50% 50-80% >80%

5. (High Sector Concentration Risk)

≤20% 20-50% 50-80% >80%

6. (High Country Concentration Risk)

≤20% 20-50% 50-80% >80%

/

3. (Exchange Rate Risk)

2. (Market Risk)

0.15

AIA-ST 4

%NAV

: 30 2564

www.aiaim.co.th

* 100% (Settlement)

5

* (Settlement)

33/91/64

( ) ( ) 1/2564

17.30%

10.44%

9.64%

8.19%

8.02%

% NAV

32/90/64

( ) 14

1/2564 1

National Rating International Rating

23.57%

73.37%

0% 20% 40% 60% 80% 100%

Unrate

BBB

BBB

A

AA

GOV,AAA

5.52%

0% 10% 20%

Unrate

BBB

BBB

A

AA

GOV,AAA

AIA-ST 5

*

*

**

:

-

3 www.aiaim.co.th

-

( ) ( )

- ( )

- **

*

(% NAV)

(% )

- *

0.05350.0214

0.05350.1284

0.6925

0.05350.1338

1.07 1.0403

0.0000

0.2000

0.4000

0.6000

0.8000

1.0000

1.2000

(%NA

V)

AIA-ST 6

*

2.

*

3. 5 0.00%

* 5

4. (standard deviation) 0.02%

* 5

5. (Tracking Error: TE): N/A

6. Short Term General Bond

* www.aiaim.co.th

1. (Benchmark) :

(3) 50

(1) 60

(3) US Generic Government 3 Month Yield 10

(4) 1 5 3

20

(2) (ThaiBMA Commercial Paper Index) A-

10

: 22 . . 2564 22 . . 2654

22 . . 2564

(1) 60

(1) A 1 25

(4) 1 5 3

10

(2) (ThaiBMA Commercial Paper Index) A-

10

(3) US Generic Government 3 Month Yield 20

: 12 . . 2563 12 . . 2563

12 . . 2563

(2) FTSE 1-Month US Dollar Eurodeposit USD

25

0.14%

0.31%

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

0.30%

0.35%

2563

%

AIA-ST 7

*

YTD 1 3 Percentile 6 Percentile 1 Percentile 3 Percentile 5 Percentile 10 Percentile

0.29% 0.03% 0.10% 50th 0.20% 75th 0.38% 75th n/a n/a n/a n/a n/a n/a 0.37%

0.29% 0.03% 0.11% 50th 0.20% 75th 0.49% 75th n/a n/a n/a n/a n/a n/a 0.53%

0.02% 0.01% 0.01% 25th 0.02% 5th 0.02% 5th n/a n/a n/a n/a n/a n/a 0.02%

0.03% 0.02% 0.03% 25th 0.03% 25th 0.04% 50th n/a n/a n/a n/a n/a n/a 0.04%

www.aiaim.co.th

: 1 % * 30 2564

Short Term General Bond 30 2564

Peer Percentile(%)

3 6 1 3 5 10

1.47 2.21

25th Percentile 0.15 0.38 0.9 1.3 1.32 1.96

5th Percentile 0.2 0.53 1.29 1.48

7.

1.11 1.75

75th Percentile 0.06 0.15 0.35 0.87 0.94 1.57

50th Percentile 0.08 0.23 0.6 1.05

0.39 1.01

Peer Percentile(%)

3 6 1 3 5 10

95th Percentile 0 0.04 0.14 -0.05

0.12 0.22

25th Percentile 0.03 0.03 0.03 0.17 0.14 0.25

5th Percentile 0.01 0.02 0.02 0.15

0.21 0.3

75th Percentile 0.07 0.07 0.09 0.38 0.33 0.49

50th Percentile 0.04 0.05 0.06 0.22

1.36 1.2995th Percentile 0.11 0.1 0.19 1.6

AIA-ST 8

14 2563

. .

:

15.30 .

10,000

10,000

:

15.30 .

100

1 (T+1)

www.aiaim.co.th

-

1 2563

1 2563

5 2564

( )

181/19 2 11 10500

www.aiaim.co.th

2,491

10.0423 / ( 30 2564)

(Portfolio Turnover Ratio)

1 154.73%

1

/

.

AIA-ST 9

5th Percentile 5 (Top 5% performance)

25th Percentile 25 (Top 25% performance)

50th Percentile 50 (Median performance)

75th Percentile 75 (Bottom 25% performance)

95th Percentile 95 (Bottom 5% performance)

4.

-

- . . .

30 2564

- (Unit-Linked)

5 NAV

- . . .

- 1)

2)

1. 

2.  www.aiaim.co.th

3. 

(Percentile)

AIA-ST 10

1

(Credit Risk)

(Credit Risk)

(Credit Rating)

credit

rating

(credit rating) 20% NAV

2

(Market Risk)

AIA-ST 11

3

(Currency Risk)

4

(High issuer concentration risk)

Drawndown(t) = (t) - *

*

Maximum Drawdown = min (Drawdown(t))

6

(Standard Deviation : SD)

5 ( 5 )

5 5

(Maximum Drawdown)

(Currency Risk)

- :

- :

- :

- :

(Standard Deviation of Fund)

SD 5

%

: * (t)

10% NAV

1.

2.

3.

AIA-ST 12

7

(Tracking Error: TE)

PTR = Min ( , )

Avg. NAV

8

(Portfolio Turnover Ratio : PTR)

Tracking Error (TE)

TE

TE

benchmark

passive fund/Index tracking

1

AIA-ST 13