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Value Gold ETF (Unlisted Class)

EN_1024x288_0318

Other Funds

    • Risk Disclosure
      • Value Gold ETF (the “Fund”) is a fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”), which aims to provide investment results that closely correspond to the performance of the London Bullion Market Association (LBMA) Gold Price.
      • The Fund only invests in bullion and may experience greater volatility due to single economic, market or political occurrences when compared to diversified mutual funds or unit trusts.
      • The Fund offers both listed class of units (the “Listed Class”) and unlisted class of Units (the “Unlisted Class”). Investors of Listed and Unlisted Classes are subject to different pricing and dealing arrangements. The NAV per unit of each of the Listed and Unlisted Classes may be different due to different fees and cost applicable to each Class. The dealing deadlines in respect of the Listed and Unlisted Class are also different.
      • Units of the Listed Class are traded on the stock exchange on an intraday basis at the prevailing market price (which may diverge from the corresponding NAV), while units of the Unlisted Class are sold through intermediaries based on the dealing day-end NAV and are dealt at a single valuation point with no access to intraday liquidity in an open market. Depending on market conditions, investors of the Listed Class may be at an advantage or disadvantage compared to investors of the Unlisted Class.
      • In a stressed market scenario, investors of the Unlisted Class could redeem their units at NAV while investors of the Listed Class could not and may have to exit the Fund at a significant discount. On the other hand, investors of the Listed Class could sell their units on the secondary market during the day thereby crystallising their positions while investors of the Unlisted Class could not do so in a timely manner until the end of the day.
      • Investors of Listed and Unlisted Classes are subject to different types of risks. For example, Investors of the Listed Class are exposed to reliance on market makers risk and multi-counter risk.
      • The Fund does not insure its bullion and the Fund and unitholders could suffer a loss if the bullion held by the custodian is lost or damaged.
      • As the Fund is not actively managed, the Manager will not adopt a temporary defensive position against any market downturn. Investors may lose part or all of their investment.
      • You should not make investment decision on the basis of this material alone. Please read the prospectus for details and risk factors.

    Investment objectives

    The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the LBMA Gold Price.

    Fund manager

    Sensible Asset Management Hong Kong Limited

    Sub-Manager

    Value Partners Hong Kong Limited

    Trustee and Registrar

    HSBC Institutional Trust Services (Asia) Limited

    Custodian

    HKIA Precious Metals Depositary Limited (a wholly owned subsidiary of the Airport Authority of Hong Kong)

    Launch date

    Class A USD Unhedged Acc Units: 23-03-2021
    Class A HKD Unhedged Acc Units: 23-03-2021

    Classes

    Class A USD Unhedged Acc Units
    Class A HKD Unhedged Acc Units

    Minimum initial investment, subsequent investment, holding and redemption amount

    Class A USD Unhedged Acc Units: USD1,000,000
    Class A HKD Unhedged Acc Units: HKD8,000,000

    Ongoing charges over a year^

    Class A USD Unhedged Acc Units: 0.40%
    Class A HKD Unhedged Acc Units: 0.40%

    Dealing frequency

    Daily

    Print

    ^Total Expense Ratio (ongoing charges figure) is calculated according the annualized figure of the ongoing charges in the trust, represented by the percentage of total expense of the trust to the average net asset value over the same period. The figure may change annually. The trust adopted the single management fee structure. The upper limit of the ongoing charges of the trust will be 0.4% of the average net asset value of the trust, which is the same as the current management fee. Any ongoing charges exceeding 0.4% of the average net asset value of the trust will be borne by the manager and will not be charged to the trust. For details, please read the prospectus.
    This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
    Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

    
    Loading...
    Type of DocumentDateDownload
    From
    To
    Date

    Class A USD Unhedged Acc

    Class A HKD Unhedged Acc

    This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
    Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

    YearAward Organizers
    2019

    Benchmark Fund of the Year Awards 2019, Hong Kong
    Value Gold ETF
    Quantitative Top Fund – Precious Metals Commodity Category (Best-in-Class)

    Benchmark
    2018

    Benchmark Fund of the Year Awards 2018, Hong Kong
    Sensible Asset Management
    Commodity ETF House (Best-in-Class)

    Benchmark

    Value Gold ETF
    Best ETF – Commodities and Specialty Category (Outstanding Performer)

    Based on NAV tracking error.

    Bloomberg Businessweek
    2017

    Benchmark Fund of the Year Awards 2017, Hong Kong
    Sensible Asset Management
    House Award (ETF) – Commodity ETF (Outstanding Achiever)

    Benchmark

    Value Gold ETF
    Best ETF – Commodities and Specialty Category (Outstanding Performer)

    Based on NAV tracking error

    Bloomberg Businessweek
    2016

    Benchmark Fund of the Year Awards 2016
    Value Gold ETF
    Best-in-class (ETF) – Commodities – Precious Metal

    Benchmark

    Bloomberg Businessweek Top Fund Awards 2016
    Value Gold ETF
    Commodities and Specialty ETFs – Best Performer

    Based on NAV Tracking Error

    Bloomberg Businessweek (Chinese Edition)

    Bloomberg Businessweek Top Fund Awards 2016
    Value Gold ETF
    Commodities and Specialty ETFs – Outstanding Performer

    Based on NAV Total return

    Bloomberg Businessweek (Chinese Edition)

    ETF and Indexing Awards 2016
    Value Partners
    Best Commodity ETF

    ETFI Asia
    2014

    Fund of The Year Awards 2014
    Value Partners
    Outstanding Achiever – ETF Investor Education 

    Benchmark
    2012

    2012 The Asset Triple A Investment Awards
    Value Partners
    Highly Commended ETF House for Hong Kong

    The Asset

    Best of the Best Awards 2011
    Value Gold ETF
    Best of the Best Regional Awards – Best Performing Small ETF

    Asia Asset Management
    2011

    Best of the Best Awards 2010
    Value Gold ETF
    Best of the Best Country Awards – Hong Kong – Best New ETF category

    Asia Asset Management
    Print

    This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
    Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

    • Risk Disclosure

      • Value Gold ETF (the “Fund”) is a fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”), which aims to provide investment results that closely correspond to the performance of the London Bullion Market Association (LBMA) Gold Price.
      • The Fund only invests in bullion and may experience greater volatility due to single economic, market or political occurrences when compared to diversified mutual funds or unit trusts.
      • The Fund offers both listed class of units (the “Listed Class”) and unlisted class of Units (the “Unlisted Class”). Investors of Listed and Unlisted Classes are subject to different pricing and dealing arrangements. The NAV per unit of each of the Listed and Unlisted Classes may be different due to different fees and cost applicable to each Class. The dealing deadlines in respect of the Listed and Unlisted Class are also different.
      • Units of the Listed Class are traded on the stock exchange on an intraday basis at the prevailing market price (which may diverge from the corresponding NAV), while units of the Unlisted Class are sold through intermediaries based on the dealing day-end NAV and are dealt at a single valuation point with no access to intraday liquidity in an open market. Depending on market conditions, investors of the Listed Class may be at an advantage or disadvantage compared to investors of the Unlisted Class.
      • In a stressed market scenario, investors of the Unlisted Class could redeem their units at NAV while investors of the Listed Class could not and may have to exit the Fund at a significant discount. On the other hand, investors of the Listed Class could sell their units on the secondary market during the day thereby crystallising their positions while investors of the Unlisted Class could not do so in a timely manner until the end of the day.
      • Investors of Listed and Unlisted Classes are subject to different types of risks. For example, Investors of the Listed Class are exposed to reliance on market makers risk and multi-counter risk.
      • The Fund does not insure its bullion and the Fund and unitholders could suffer a loss if the bullion held by the custodian is lost or damaged.
      • As the Fund is not actively managed, the Manager will not adopt a temporary defensive position against any market downturn. Investors may lose part or all of their investment.
      • You should not make investment decision on the basis of this material alone. Please read the prospectus for details and risk factors.
    • Fund Facts

      Investment objectives

      The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the LBMA Gold Price.

      Fund manager

      Sensible Asset Management Hong Kong Limited

      Sub-Manager

      Value Partners Hong Kong Limited

      Trustee and Registrar

      HSBC Institutional Trust Services (Asia) Limited

      Custodian

      HKIA Precious Metals Depositary Limited (a wholly owned subsidiary of the Airport Authority of Hong Kong)

      Launch date

      Class A USD Unhedged Acc Units: 23-03-2021
      Class A HKD Unhedged Acc Units: 23-03-2021

      Classes

      Class A USD Unhedged Acc Units
      Class A HKD Unhedged Acc Units

      Minimum initial investment, subsequent investment, holding and redemption amount

      Class A USD Unhedged Acc Units: USD1,000,000
      Class A HKD Unhedged Acc Units: HKD8,000,000

      Ongoing charges over a year^

      Class A USD Unhedged Acc Units: 0.40%
      Class A HKD Unhedged Acc Units: 0.40%

      Dealing frequency

      Daily

      Print

      ^Total Expense Ratio (ongoing charges figure) is calculated according the annualized figure of the ongoing charges in the trust, represented by the percentage of total expense of the trust to the average net asset value over the same period. The figure may change annually. The trust adopted the single management fee structure. The upper limit of the ongoing charges of the trust will be 0.4% of the average net asset value of the trust, which is the same as the current management fee. Any ongoing charges exceeding 0.4% of the average net asset value of the trust will be borne by the manager and will not be charged to the trust. For details, please read the prospectus.
      This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
      Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

    • Documents

      
      Loading...
      Type of DocumentDateDownload
    • Historical Prices

      From
      To
      Date

      Class A USD Unhedged Acc

      Class A HKD Unhedged Acc

      This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
      Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

      From
      To
      Date

      Class A USD Unhedged Acc

      Class A HKD Unhedged Acc

      This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
      Please note that investment involves risks. The unit price of the Funds may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

    • Awards

      YearAward Organizers
      2019

      Benchmark Fund of the Year Awards 2019, Hong Kong
      Value Gold ETF
      Quantitative Top Fund – Precious Metals Commodity Category (Best-in-Class)

      Benchmark
      2018

      Benchmark Fund of the Year Awards 2018, Hong Kong
      Sensible Asset Management
      Commodity ETF House (Best-in-Class)

      Benchmark

      Value Gold ETF
      Best ETF – Commodities and Specialty Category (Outstanding Performer)

      Based on NAV tracking error.

      Bloomberg Businessweek
      2017

      Benchmark Fund of the Year Awards 2017, Hong Kong
      Sensible Asset Management
      House Award (ETF) – Commodity ETF (Outstanding Achiever)

      Benchmark

      Value Gold ETF
      Best ETF – Commodities and Specialty Category (Outstanding Performer)

      Based on NAV tracking error

      Bloomberg Businessweek
      2016

      Benchmark Fund of the Year Awards 2016
      Value Gold ETF
      Best-in-class (ETF) – Commodities – Precious Metal

      Benchmark

      Bloomberg Businessweek Top Fund Awards 2016
      Value Gold ETF
      Commodities and Specialty ETFs – Best Performer

      Based on NAV Tracking Error

      Bloomberg Businessweek (Chinese Edition)

      Bloomberg Businessweek Top Fund Awards 2016
      Value Gold ETF
      Commodities and Specialty ETFs – Outstanding Performer

      Based on NAV Total return

      Bloomberg Businessweek (Chinese Edition)

      ETF and Indexing Awards 2016
      Value Partners
      Best Commodity ETF

      ETFI Asia
      2014

      Fund of The Year Awards 2014
      Value Partners
      Outstanding Achiever – ETF Investor Education 

      Benchmark
      2012

      2012 The Asset Triple A Investment Awards
      Value Partners
      Highly Commended ETF House for Hong Kong

      The Asset

      Best of the Best Awards 2011
      Value Gold ETF
      Best of the Best Regional Awards – Best Performing Small ETF

      Asia Asset Management
      2011

      Best of the Best Awards 2010
      Value Gold ETF
      Best of the Best Country Awards – Hong Kong – Best New ETF category

      Asia Asset Management
      Print

      This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
      Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.

      YearAward Organizers
      2019

      Benchmark Fund of the Year Awards 2019, Hong Kong
      Value Gold ETF
      Quantitative Top Fund – Precious Metals Commodity Category (Best-in-Class)

      Benchmark
      2018

      Benchmark Fund of the Year Awards 2018, Hong Kong
      Sensible Asset Management
      Commodity ETF House (Best-in-Class)

      Benchmark

      Value Gold ETF
      Best ETF – Commodities and Specialty Category (Outstanding Performer)

      Based on NAV tracking error.

      Bloomberg Businessweek
      2017

      Benchmark Fund of the Year Awards 2017, Hong Kong
      Sensible Asset Management
      House Award (ETF) – Commodity ETF (Outstanding Achiever)

      Benchmark

      Value Gold ETF
      Best ETF – Commodities and Specialty Category (Outstanding Performer)

      Based on NAV tracking error

      Bloomberg Businessweek
      2016

      Benchmark Fund of the Year Awards 2016
      Value Gold ETF
      Best-in-class (ETF) – Commodities – Precious Metal

      Benchmark

      Bloomberg Businessweek Top Fund Awards 2016
      Value Gold ETF
      Commodities and Specialty ETFs – Best Performer

      Based on NAV Tracking Error

      Bloomberg Businessweek (Chinese Edition)

      Bloomberg Businessweek Top Fund Awards 2016
      Value Gold ETF
      Commodities and Specialty ETFs – Outstanding Performer

      Based on NAV Total return

      Bloomberg Businessweek (Chinese Edition)

      ETF and Indexing Awards 2016
      Value Partners
      Best Commodity ETF

      ETFI Asia
      2014

      Fund of The Year Awards 2014
      Value Partners
      Outstanding Achiever – ETF Investor Education 

      Benchmark
      2012

      2012 The Asset Triple A Investment Awards
      Value Partners
      Highly Commended ETF House for Hong Kong

      The Asset

      Best of the Best Awards 2011
      Value Gold ETF
      Best of the Best Regional Awards – Best Performing Small ETF

      Asia Asset Management
      2011

      Best of the Best Awards 2010
      Value Gold ETF
      Best of the Best Country Awards – Hong Kong – Best New ETF category

      Asia Asset Management
      Print

      This material has not been reviewed by the Securities and Futures Commission of Hong Kong.
      Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors prior to the subscription of the units of the Fund.