Vayupak Fund 1 Class A
SSET:VAYU111.00
THB
-0.10
(-0.90%)
ISIN
TH0759010000
Return %
Stock
S&P 500
1Y
4.76
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- Thailand
- Similar Companies
- Business
- Vayupak Fund 1 Class A (Ticker: SET:VAYU1) is a publicly traded closed-end mutual fund and sovereign-backed investment vehicle designed to enhance capital market stability, encourage long-term institutional and retail savings, and invest across strategic sectors of the Thai economy. Established in 2003 by the Ministry of Finance of Thailand and headquartered in Bangkok, Thailand, the fund is co-managed by Krung Thai Asset Management Public Company Limited and MFC Asset Management Public Company Limited. The fund operates domestically within Thailand, focusing on capital deployment across listed securities, fixed-income assets, state enterprise instruments, and national infrastructure projects. The fund offers Class A investment units structured to deliver a hybrid return profile that blends equity exposure with fixed-income characteristics and subordinated downside protection. Its core investment solutions and financial offerings comprise: large-cap and blue-chip equity investments focused on high-dividend, liquid securities listed on the Stock Exchange of Thailand; dedicated capital allocations to sustainability-focused enterprises holding top-tier SET ESG Ratings; fixed-income portfolio management encompassing sovereign debt securities, treasury bills, state-owned enterprise bonds, and investment-grade corporate debt; alternative asset management covering infrastructure funds, real estate investment trusts, and property funds; structured income generation providing Class A unitholders with semi-annual dividend payouts governed by a defined minimum yield floor of 3.0 percent per annum and a yield cap of 9.0 percent per annum; and a waterfall capital protection architecture in which Class B units, held primarily by the Ministry of Finance and government-related entities, absorb investment losses prior to Class A capital impairment upon fund maturity. In recent major developments, Vayupak Fund 1 executed a significant public capital raise in September 2024, successfully issuing 150 billion Thai baht (approximately 4.5 billion US dollars) in Class A investment units to domestic retail and institutional investors. The Class A units officially commenced trading on the Stock Exchange of Thailand under the ticker symbol VAYU1 on October 7, 2024, expanding total fund assets to approximately 500 billion Thai baht alongside existing Class B units. This transaction established a 10-year investment lifecycle maturing in 2034, incorporating an expanded strategic mandate to channel capital toward environmentally and socially responsible companies and reinforce broad-based liquidity across Thailand's capital markets.