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Value Partners China Greenchip Fund Limited

Other Funds

    • Risk Disclosure
      • Value Partners China Greenchip Fund Limited (The “Fund”) invests primarily in companies established in Greater China or which derive a majority of their revenue from business related to Greater China.
      • The Fund invests in China, China-related companies and medium or small capitalization companies and is therefore subject to emerging market and concentration risks. 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.
      • 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.
      • In respect of the distribution shares for the Fund, the Manager currently intends to make quarterly 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 shares.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.

    Performance Updateas at 14-05-2024

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 14-05-2024

    Performance Since Launch

    Hang Seng Index refers to Hang Seng Index (Price Return) up to 31 Dec 2004, thereafter it is the Hang Seng Index (Total Return). Hang Seng Index (Total Return) includes dividend reinvestment whereas Hang Seng Index (Price Return) does not take into account reinvestment of dividends.

    The MSCI China Index (Net Total Return) includes dividends reinvested and withholding taxes deducted, since the inception of the fund until present.

    Refers to chain link return of Class N & Class A HKD, Class N since inception (7 Sep 2002) to 17 Dec 2020 and Class A since 18 Dec 2020. Class N was firstly launched in 2002 & closed for subscription from 26 Mar 2007. Class A was launched on 27 Mar 2007 with the same NAV of Class N. Therefore Classes A & N have the same NAV since 27 Mar 2007. Class N was fully redeemed on 17 Dec 2020 and NAV was no longer available. Hence Class A is now the representative share class after 17 Dec 2020.

    Source: Value Partners & Morningstar

    Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. All indices are for reference only. 

    Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

    +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.

    Investment objective

    The Fund aims to achieve medium-term capital growth by means of investing in companies established in Greater China or which derive a majority of their revenue from business related to Greater China, whether in the form of direct investment in, or trade with, Greater China. This includes companies incorporated and/or listed outside Greater China.

    CIES_chop_ENG (resized 60)Value Partners China Greenchip Fund Limited is one of the eligible collective investment schemes for the purpose of the Hong Kong Capital Investment Entrant Scheme (CIES).  The CIES was suspended by the Hong Kong Government with effect from 15 January 2015 until further notice.
    Fund manager

    Value Partners Limited

    Custodian

    HSBC Institutional Trust Services (Asia) Limited

    Launch date

    Class N: 08-04-2002 (Closed)
    Class A (HKD): 27-03-2007
    Class A2 QDis (HKD): 22-07-2013
    Class A (USD): 26-05-2014
    Class A (Hedged classes – AUD/CAD/NZD):
    26-05-2014

    Fund sizeHKD874.37 million ( as at 16-05-2024 )
    Share classes

    Class A:
    Unhedged classes – HKD/USD
    Hedged classes
    – AUD/CAD/NZA/USD
    Class A2 QDis: HKD/USD

    Minimum subscription

    Class A and Class A2 QDis:
    HKD80,000 or equivalent

    Minimum subsequent subscription

    Class A and Class A2 QDis:
    HKD40,000 or equivalent

    Subscription fee

    Up to 5%

    Management fee

    1.5% per annum

    Redemption fee
    Nil
    Performance fee
    15% of profit^ (high-on-high principle)
    Dealing frequency

    Daily

    Print

    ^Performance fees will only be charged if the NAV at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

    *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.

    Click here for the latest dividend schedule.  Click here for Fund Dividend Composition Details.

    #Annualized yield of Class A2 QDis is calculated as follows: (dividend amount/NAV as of ex-dividend date) x 4, based on the dividend distribution in the last 12 months. 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.

    +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    
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    Type of DocumentDateDownload
    From
    To
    Date

    Class A HKD

    Class A USD

    Class A AUD Hedged

    Class A CAD Hedged

    Class A NZD Hedged

    Class A2 HKD QDis

    YearAward Organizers
    2014

    Lipper Fund Awards 2014 (Hong Kong)
    Best Greater China Equity Fund – 5 Years

    Based on returns as of year-end 2013.

    Lipper
    2013

    Lipper Fund Awards 2013 (Hong Kong)
    Best Greater China Equity Fund – 5 Years

    Based on returns as of year-end 2012.

    Lipper
    2012

    2011 Best of the Best Performance Awards
    Greater China Region Equity – 3 Years

    Judging for the 2011 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 19 December 2011. Funds are judged based on their annual performance, ending respectively on 30 September 2011. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date. Judging criteria for Value Gold ETF was dependent on the nominated ETF (with under US$50 million in AUM) in terms of its performance over the last year as well as its capabilities and achievements.

    Asia Asset Management

    Lipper Fund Awards 2012 (Hong Kong)
    Best Greater China Equity Fund – 3 Years

    Based on returns as of year-end 2011.

    Lipper
    2011

    Lipper Fund Awards 2011 (Hong Kong)
    Best Greater China Equity Fund – 3 Years

    Based on returns as of year-end 2010.

    Lipper

    2010 Best of the Best Awards
    Best of the Best Performance Award – Greater China Region Equity – 3 Years

    Judging for the 2010 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 17 December 2010. Funds are judged based on their annual performance, ending on 30 September 2010. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date.

    Asia Asset Management
    2010

    Best China Fund of the Year 2010^

     

    AsiaHedge Awards 2010

    ^ Value Partners China Greenchip Fund Limited is not authorized as a hedge fund by the SFC in Hong Kong according to the Code on Unit Trust and Mutual Funds. 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 for its suitability for any particular investor or class of investors.

    Print

    Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

    Dividend history of - Class A2 QDis HKD

    Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#
    2024-03-2828-03-20249.370.06072.6 %
    2023-12-2929-12-20239.290.06072.6 %
    2023-09-2929-09-20239.470.06072.6 %
    2023-06-3030-06-20239.760.06072.5 %
    2023-03-3131-03-202310.650.06072.3 %
    2022-12-3030-12-202210.140.06072.4 %
    2022-09-3030-09-20229.110.06072.7 %
    2022-06-3030-06-202211.190.06072.2 %
    2022-03-3131-03-202211.850.06072.0 %
    2021-12-3131-12-202114.310.06071.7 %
    2021-09-3030-09-202115.300.06071.6 %
    2021-06-3030-06-202117.350.06071.4 %
    2021-03-3131-03-202115.630.06071.6 %
    2020-12-3131-12-202015.570.06071.6 %
    2020-09-3030-09-202012.850.06071.9 %
    2020-06-3030-06-202011.420.06072.1 %
    2020-03-3131-03-20209.690.06072.5 %
    2019-12-3131-12-201912.030.06072.0 %
    2019-09-3030-09-201910.690.04691.8 %
    2019-06-2828-06-201910.950.04691.7 %
    2019-03-2929-03-201911.300.04691.7 %
    2018-12-3131-12-20189.490.04692.0 %
    2018-09-2828-09-201810.590.04691.8 %
    2018-06-2929-06-201811.970.04691.6 %
    2018-03-2929-03-201812.290.04691.5 %
    2017-12-2929-12-201712.580.04691.5 %
    2017-09-2929-09-201712.210.04691.5 %
    2017-06-3030-06-201711.290.04691.7 %
    2017-03-3131-03-201710.360.04691.8 %
    2016-03-3131-03-20168.770.00000.0 %
    2015-12-3131-12-20159.650.00000.0 %
    2015-09-3030-09-20159.400.04882.1 %
    2015-06-3030-06-201512.260.08562.8 %
    2015-03-3131-03-201511.850.05651.9 %
    2014-12-3131-12-201411.300.05652.0 %
    2014-09-3030-09-201411.260.05652.0 %
    2014-06-3030-06-201411.340.05501.9 %
    2014-03-3131-03-201411.000.03881.4 %
    2013-12-3131-12-201311.280.03881.4 %
    2013-09-3030-09-201310.280.03881.5 %

    ^Performance fees will only be charged if the NAV at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

    *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.

    Click here for the latest dividend schedule.  Click here for Fund Dividend Composition Details.

    #Annualized yield of Class A2 QDis is calculated as follows: (dividend amount/NAV as of ex-dividend date) x 4, based on the dividend distribution in the last 12 months. 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.

    • Risk Disclosure

      • Value Partners China Greenchip Fund Limited (The “Fund”) invests primarily in companies established in Greater China or which derive a majority of their revenue from business related to Greater China.
      • The Fund invests in China, China-related companies and medium or small capitalization companies and is therefore subject to emerging market and concentration risks. 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.
      • 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.
      • In respect of the distribution shares for the Fund, the Manager currently intends to make quarterly 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 shares.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
    • Performance

      Performance Update

      Performance Update

      Annual Returns

      Annual Returns

      Performance Since Launch as at 14-05-2024

      Performance Since Launch

      Hang Seng Index refers to Hang Seng Index (Price Return) up to 31 Dec 2004, thereafter it is the Hang Seng Index (Total Return). Hang Seng Index (Total Return) includes dividend reinvestment whereas Hang Seng Index (Price Return) does not take into account reinvestment of dividends.

      The MSCI China Index (Net Total Return) includes dividends reinvested and withholding taxes deducted, since the inception of the fund until present.

      Refers to chain link return of Class N & Class A HKD, Class N since inception (7 Sep 2002) to 17 Dec 2020 and Class A since 18 Dec 2020. Class N was firstly launched in 2002 & closed for subscription from 26 Mar 2007. Class A was launched on 27 Mar 2007 with the same NAV of Class N. Therefore Classes A & N have the same NAV since 27 Mar 2007. Class N was fully redeemed on 17 Dec 2020 and NAV was no longer available. Hence Class A is now the representative share class after 17 Dec 2020.

      Source: Value Partners & Morningstar

      Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. All indices are for reference only. 

      Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

      +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    • Fund Facts

      Investment objective

      The Fund aims to achieve medium-term capital growth by means of investing in companies established in Greater China or which derive a majority of their revenue from business related to Greater China, whether in the form of direct investment in, or trade with, Greater China. This includes companies incorporated and/or listed outside Greater China.

      CIES_chop_ENG (resized 60)Value Partners China Greenchip Fund Limited is one of the eligible collective investment schemes for the purpose of the Hong Kong Capital Investment Entrant Scheme (CIES).  The CIES was suspended by the Hong Kong Government with effect from 15 January 2015 until further notice.
      Fund manager

      Value Partners Limited

      Custodian

      HSBC Institutional Trust Services (Asia) Limited

      Launch date

      Class N: 08-04-2002 (Closed)
      Class A (HKD): 27-03-2007
      Class A2 QDis (HKD): 22-07-2013
      Class A (USD): 26-05-2014
      Class A (Hedged classes – AUD/CAD/NZD):
      26-05-2014

      Fund sizeHKD874.37 million ( as at 16-05-2024 )
      Share classes

      Class A:
      Unhedged classes – HKD/USD
      Hedged classes
      – AUD/CAD/NZA/USD
      Class A2 QDis: HKD/USD

      Minimum subscription

      Class A and Class A2 QDis:
      HKD80,000 or equivalent

      Minimum subsequent subscription

      Class A and Class A2 QDis:
      HKD40,000 or equivalent

      Subscription fee

      Up to 5%

      Management fee

      1.5% per annum

      Redemption fee
      Nil
      Performance fee
      15% of profit^ (high-on-high principle)
      Dealing frequency

      Daily

      Print

      ^Performance fees will only be charged if the NAV at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

      *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.

      Click here for the latest dividend schedule.  Click here for Fund Dividend Composition Details.

      #Annualized yield of Class A2 QDis is calculated as follows: (dividend amount/NAV as of ex-dividend date) x 4, based on the dividend distribution in the last 12 months. 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.

      +The Fund is one of the eligible collective investment schemes for the purpose of the New Capital Investment Entrant Scheme (New CIES) in Hong Kong with effect from 1 March 2024.
    • Documents

      
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      Type of DocumentDateDownload
    • Historical Prices

      From
      To
      Date

      Class A HKD

      Class A USD

      Class A AUD Hedged

      Class A CAD Hedged

      Class A NZD Hedged

      Class A2 HKD QDis

      From
      To
      Date

      Class A HKD

      Class A USD

      Class A AUD Hedged

      Class A CAD Hedged

      Class A NZD Hedged

      Class A2 HKD QDis

    • Awards

      YearAward Organizers
      2014

      Lipper Fund Awards 2014 (Hong Kong)
      Best Greater China Equity Fund – 5 Years

      Based on returns as of year-end 2013.

      Lipper
      2013

      Lipper Fund Awards 2013 (Hong Kong)
      Best Greater China Equity Fund – 5 Years

      Based on returns as of year-end 2012.

      Lipper
      2012

      2011 Best of the Best Performance Awards
      Greater China Region Equity – 3 Years

      Judging for the 2011 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 19 December 2011. Funds are judged based on their annual performance, ending respectively on 30 September 2011. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date. Judging criteria for Value Gold ETF was dependent on the nominated ETF (with under US$50 million in AUM) in terms of its performance over the last year as well as its capabilities and achievements.

      Asia Asset Management

      Lipper Fund Awards 2012 (Hong Kong)
      Best Greater China Equity Fund – 3 Years

      Based on returns as of year-end 2011.

      Lipper
      2011

      Lipper Fund Awards 2011 (Hong Kong)
      Best Greater China Equity Fund – 3 Years

      Based on returns as of year-end 2010.

      Lipper

      2010 Best of the Best Awards
      Best of the Best Performance Award – Greater China Region Equity – 3 Years

      Judging for the 2010 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 17 December 2010. Funds are judged based on their annual performance, ending on 30 September 2010. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date.

      Asia Asset Management
      2010

      Best China Fund of the Year 2010^

       

      AsiaHedge Awards 2010

      ^ Value Partners China Greenchip Fund Limited is not authorized as a hedge fund by the SFC in Hong Kong according to the Code on Unit Trust and Mutual Funds. 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 for its suitability for any particular investor or class of investors.

      Print

      Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

      YearAward Organizers
      2014

      Lipper Fund Awards 2014 (Hong Kong)
      Best Greater China Equity Fund – 5 Years

      Based on returns as of year-end 2013.

      Lipper
      2013

      Lipper Fund Awards 2013 (Hong Kong)
      Best Greater China Equity Fund – 5 Years

      Based on returns as of year-end 2012.

      Lipper
      2012

      2011 Best of the Best Performance Awards
      Greater China Region Equity – 3 Years

      Judging for the 2011 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 19 December 2011. Funds are judged based on their annual performance, ending respectively on 30 September 2011. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date. Judging criteria for Value Gold ETF was dependent on the nominated ETF (with under US$50 million in AUM) in terms of its performance over the last year as well as its capabilities and achievements.

      Asia Asset Management

      Lipper Fund Awards 2012 (Hong Kong)
      Best Greater China Equity Fund – 3 Years

      Based on returns as of year-end 2011.

      Lipper
      2011

      Lipper Fund Awards 2011 (Hong Kong)
      Best Greater China Equity Fund – 3 Years

      Based on returns as of year-end 2010.

      Lipper

      2010 Best of the Best Awards
      Best of the Best Performance Award – Greater China Region Equity – 3 Years

      Judging for the 2010 Best of the Best Awards involved the submission of nomination forms to Asia Asset Management judges, on or before 17 December 2010. Funds are judged based on their annual performance, ending on 30 September 2010. Judging criteria for the China Greenchip Fund’s performance was dependent on the nominated fund’s fund size, performance against its peers, 3-year return, and monthly and year-to-date.

      Asia Asset Management
      2010

      Best China Fund of the Year 2010^

       

      AsiaHedge Awards 2010

      ^ Value Partners China Greenchip Fund Limited is not authorized as a hedge fund by the SFC in Hong Kong according to the Code on Unit Trust and Mutual Funds. 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 for its suitability for any particular investor or class of investors.

      Print

      Investment involves risk. Past performance is not indicative of future performance. The price of units/NAV per share can go down as well as up and is not guaranteed. Investors may not get back the full amount invested. Please refer to the relevant offering documents including the risk factors.

    • Dividend History

      Dividend history of - Class A2 QDis HKD

      Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#
      2024-03-2828-03-20249.370.06072.6 %
      2023-12-2929-12-20239.290.06072.6 %
      2023-09-2929-09-20239.470.06072.6 %
      2023-06-3030-06-20239.760.06072.5 %
      2023-03-3131-03-202310.650.06072.3 %
      2022-12-3030-12-202210.140.06072.4 %
      2022-09-3030-09-20229.110.06072.7 %
      2022-06-3030-06-202211.190.06072.2 %
      2022-03-3131-03-202211.850.06072.0 %
      2021-12-3131-12-202114.310.06071.7 %
      2021-09-3030-09-202115.300.06071.6 %
      2021-06-3030-06-202117.350.06071.4 %
      2021-03-3131-03-202115.630.06071.6 %
      2020-12-3131-12-202015.570.06071.6 %
      2020-09-3030-09-202012.850.06071.9 %
      2020-06-3030-06-202011.420.06072.1 %
      2020-03-3131-03-20209.690.06072.5 %
      2019-12-3131-12-201912.030.06072.0 %
      2019-09-3030-09-201910.690.04691.8 %
      2019-06-2828-06-201910.950.04691.7 %
      2019-03-2929-03-201911.300.04691.7 %
      2018-12-3131-12-20189.490.04692.0 %
      2018-09-2828-09-201810.590.04691.8 %
      2018-06-2929-06-201811.970.04691.6 %
      2018-03-2929-03-201812.290.04691.5 %
      2017-12-2929-12-201712.580.04691.5 %
      2017-09-2929-09-201712.210.04691.5 %
      2017-06-3030-06-201711.290.04691.7 %
      2017-03-3131-03-201710.360.04691.8 %
      2016-03-3131-03-20168.770.00000.0 %
      2015-12-3131-12-20159.650.00000.0 %
      2015-09-3030-09-20159.400.04882.1 %
      2015-06-3030-06-201512.260.08562.8 %
      2015-03-3131-03-201511.850.05651.9 %
      2014-12-3131-12-201411.300.05652.0 %
      2014-09-3030-09-201411.260.05652.0 %
      2014-06-3030-06-201411.340.05501.9 %
      2014-03-3131-03-201411.000.03881.4 %
      2013-12-3131-12-201311.280.03881.4 %
      2013-09-3030-09-201310.280.03881.5 %

      ^Performance fees will only be charged if the NAV at the end of the financial year exceeds the “high watermark”, which is the all-time year-end high of the fund’s NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).

      *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.

      Click here for the latest dividend schedule.  Click here for Fund Dividend Composition Details.

      #Annualized yield of Class A2 QDis is calculated as follows: (dividend amount/NAV as of ex-dividend date) x 4, based on the dividend distribution in the last 12 months. 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.