Important Information

      I. Value Partners High-Dividend Stocks Fund (The “Fund”) primarily invests in higher yielding debt and equity securities in the Asian region.
      II. The Fund may invest in higher-yielding debt and equity securities that are below investment grade. Such investments can involve greater risks due to the speculative nature.
      III. The Fund may invest in China and other markets of the Asian region, therefore is subject to emerging market risks. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty. The value of the Fund can be extremely volatile and could go down substantially within a short period of time. It is possible that the entire value of your investment could be lost.
      IV. The Fund may also invest in derivatives which can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk, and may expose the Fund to significant losses.
      V. In respect of the distribution units for the Fund, the Manager currently intends to make monthly dividend distribution. However, the distribution rate is not guaranteed. Distribution yield is not indicative of the return of the Fund. Distribution may be paid from capital of the Fund. Investors should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease in the value of units.
      VI. You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
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Achieve alpha through flexible asset allocation and
a balance of return and risk

by about 70 investment professionals
Identify quality high-dividend stocks: monthly payouts of around 3.4% p.a.1,2
(Dividend is not guaranteed and may be paid out of the capital.)
Please refer to Important Information V
18-year excellent track record with an annualized return
of +14.1%3

ranking 1st among all Asia ex-Japan equity funds4
Why invest in Value Partners High-Dividend Stocks Fund?
Competitive high-dividend strategy

  • As an important source of income in low-rate environments, nearly 40%5 of the total return of Asian stocks has come from dividends since 2002, with the highdividend stock yield higher than that of global and Asia's broad market indices
  • The strategy focuses on companies with financial health, strong earnings growth, and stable cash flow, which can then be translated into dividend and growth potential
A high-dividend strategy stands out in times of crisis

Source: Value Partners, Bloomberg, March 2021

Outstanding track record

  • Since its inception, the Fund has ranked first in the Asia ex-Japan equity fund category4, with its risk-adjusted return leading its peers and several indices6,7
The Fund's better risk-reward profile

Source: Value Partners, Morningstar, as at 31 March 2021.

Diversified high-dividend investment strategy

  • The Fund allocates to Asian high-dividend stocks between stable and cyclical companies, with an aim to pay dividend on a monthly basis
  • The target portfolio yield is 150 bps above the dividend yield of MSCI AC Asia (ex-Japan)6 Index

*Source: Value Partners estimates, as at 31 March 2021. The estimated dividend yield is 150bps above the dividend yield of MSCI AC Asia (ex-Japan) Index

For more details, please contact your bank or investment consultant. You may also contact our Fund Investor Services Team.

Hotline: +852 2143 0608
Email: hkenquiry@vp.com.hk
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1. For Class A2 USD MDis as at 31 March 2021. 2. The manager intends to declare and pay monthly dividends equal to all or substantially all of the net income attributable to each of the Distribution Classes. However, there is neither a guarantee that such dividends will be made nor will there be a target level of dividend payout. No dividends will be paid with respect to the Accumulation Classes. Distribution may be paid from capital of the Fund. Investors should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount that have been originally invested or capital gains attributable to that and may result in an immediate decrease in the value of units. Please refer to the Explanatory Memorandum for further details including the distribution policy. Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/ NAV as at ex-dividend date) x 12.Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments. 3. 3. Value Partners High Dividend Stocks Fund (Class A1 USD) was launched on 2 September 2002. Calendar year return (Class A1 USD) in the past five years: 2016: -0.2%; 2017: +32.9%; 2018: -14.2%; 2019: +14.9%; 2020: +13.9%; 2021(year-to-date): +7.3%. 4. Peer Group refers to Morningstar Category of Asia ex-Japan Equity(HKSFC authorized funds) which includes all funds with performance history started between 2 September 2002 and 31 March 2021. 5. Source: Bloomberg, December 2020. 6. MSCI AC Asia Pacific (ex-Japan) High Dividend Yield Index (Total Net Return) was used up to 30 Apr 2016, thereafter it is the MSCI AC Asia (ex-Japan) High Dividend Yield Index (Total Net Return) due to a change in investment profile. MSCI (Total Net Return) Indices takes into account of dividend reinvestment after deduction of withholding tax. 7. MSCI AC Asia Pacific (ex-Japan) Index (Total Net Return) was used up to 30 Apr 2016, thereafter it is the MSCI AC Asia (ex-Japan) Index (Total Net Return) due to a change in investment profile. MSCI (Total Net Return) Indices takes into account of dividend reinvestment after deduction of withholding tax. 8. As at 31 March 2021. Portfolio yield is the weighted average of the total dividend yield of all securities in the portfolio.

The views expressed are the views of Value Partners Hong Kong Limited only and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All materials have been obtained from sources believed to be reliable, but their accuracy is not guaranteed. This material contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. This material has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Value Partners Hong Kong Limited.