The ES-SET50DV2 Fund’s portfolio is directly aligned with the SET50 Index. The fund’s holdings are weighted based on the market capitalization of the companies in the index, with larger companies receiving a higher allocation. The primary sectors represented in the SET50 Index include:

1. Financials: The SET50 Index includes major Thai banks and financial institutions, which are crucial drivers of the Thai economy.

2. Energy: Energy companies, such as oil and gas firms, form a significant portion of the SET50, reflecting the importance of the energy sector in Thailand.

3. Industrials: The industrial sector, including manufacturing and construction, also plays a major role in the SET50 Index.

4. Consumer Goods and Services: Companies in retail, food and beverage, and telecommunications also feature prominently in the index, offering investors exposure to the domestic consumption story.

Performance and Risk Factors

The performance of the ES-SET50DV2 Fund is closely tied to the movements of the SET50 Index. Therefore, the fund’s returns are influenced by the overall performance of the 50 largest companies on the Thai stock exchange. While the fund offers potential for capital growth, there are several factors that can impact its performance:

• Market Risk: The value of the fund may fluctuate in response to market conditions. Economic events, political developments, and changes in investor sentiment can all influence the performance of the SET50 Index.

• Sector Concentration: While the fund offers diversification across sectors, it remains heavily weighted towards specific sectors, such as financials and energy. A downturn in these sectors can have a significant impact on the fund's performance.

• Currency Risk: For international investors, fluctuations in the Thai Baht relative to other currencies may affect the returns of the fund shutdown123