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Value Partners Classic Fund

Classic Fund_ENr2(1024)

Other Funds

    • Risk Disclosure
      • Value Partners Classic Fund (The “Fund”) primarily invests in markets of the Asia-Pacific region, with a Greater China focus.
      • The Fund invests in China-related companies and emerging markets which involve certain risks not typically associated with investment in more developed markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
      • The Fund is also subject to concentration risk due to its concentration in Asia-Pacific region, particularly China-related companies. 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 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.
      • 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 20-11-2019

    Performance Update

    Annual Returns

    Annual Returns

    Performance Since Launch as at 20-11-2019

    Performance Since Launch

    All indices are for reference only.

    *Index refers to Hang Seng Index (Price Return) since fund inception till 31 Dec 2004, thereafter it is the Hang Seng Index (Total Return) up to 30 Sep 2017. Hang Seng Index (Total Return) includes dividend reinvestment whereas Hang Seng Index (Price Return) does not take into account reinvestment of dividends.

    ^With effect from 1 Oct 2017, it is the MSCI Golden Dragon Index (Total Net Return), which takes into account of dividend reinvestment after deduction of withholding tax.

    Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividends reinvested. Performance data is net of all fees.

    Please note that investment involves risks. The unit price of the Fund may go down as well as up and the past performance presented is not indicative of future performance and investors may not get back the full amount invested. Investors should refer to the explanatory memorandum of the Fund for further details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    Investment objectives

    The Fund aims to achieve consistent superior returns through an investment discipline that places emphasis on the fundamental value of potential investments, which the Manager believes are being traded at deep discounts to their intrinsic values.

    The Fund will concentrate on investing in the markets of the Asia Pacific region (particularly in Greater China region) but without fixed geographical, sectoral or industry weightings.

    Effective from 16 October 2017, Value Partners Classic Fund offers four new income distribution classes for investors who are looking for Greater China exposure and regular income payments. Please click here for the promotional material.

    For fund performance details, please download the latest monthly factsheet.

    Fund manager

    Value Partners Hong Kong Limited

    Trustee and Custodian

    HSBC Institutional Trust Services (Asia) Limited

    Launch date

    A Units: 01-04-1993
    B Units: 15-05-1996
    C Units (USD): 15-10-2009
    C Units (Hedged classes- AUD/CAD/NZD): 17-03-2014
    C Units (RMB Hedged): 28-10-2015
    C Units (HKD Hedged): 30-11-2015
    C Units (RMB): 1-12-2015
    C units (MDis  – USD/HKD/RMB/RMB Hedged):16-10-2017

    Fund sizeUSD1,120.84 million ( as at 21-11-2019 )
    Share classes

    A Units: USD
    B Units: USD
    C Units:
    Hedged classes AUD/CAD/HKD/NZD/RMB
    Unhedged classes HKD/RMB/USD
    MDis – USD/HKD/RMB/RMB Hedged

    Minimum subscriptions

    A Units: Closed
    B Units: Closed
    C Units: US$10,000 or equivalent

    Minimum subsequent subscription

    A Units: Closed
    B Units: Closed
    C Units: US$5,000 or equivalent

    Subscription fee

    A Units: Closed
    B Units: Closed
    C Units: Up to 5% 

    Management fee

    A Units: 0.75% per annum
    B Units: 1.25% per annum
    C Units: 1.25% per annum

    Redemption fee

    Nil

    Performance fee

    15% of profit^ (high-on-high principle)

    Dealing frequency

    Daily

    Dividend policy*

    Monthly distribution, if any (MDis)

    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). 

    *For distribution class only, dividend yields are not guaranteed and dividends may be distributed out of capital.

    To read the latest dividend schedule, please click here

    Investors should note that the base currency of “C” Units is in US dollar. The HK dollar equivalent is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against US dollar.

    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.

    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 in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    
    Loading...
    Type of DocumentDateDownload
    Factsheet
    From
    To
    Date

    A Units USD

    B Units USD

    C Units USD

    C Units HKD*

    C Units RMB

    C Units AUD Hedged

    C Units CAD Hedged

    C Units RMB Hedged

    C Units HKD Hedged

    C Units NZD Hedged

    C Units MDis USD

    C Units MDis HKD

    C Units MDis RMB

    C Units MDis RMB Hedged

    *Investors should note that the base currency of “C” Units is in USD. The HKD is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against USD.

    YearAward Organizers
    2017

    AsiaHedge Awards 2017
    Best Asia ex-Japan Fund

    The award was based on performance for the full 12-month period, from Sep 2016 to the end of Aug 2017.

    AsiaHedge

    HFM Asia Performance Awards 2017
    Fund of the Year 2017

     

    HFM Week

    HFM Asia Performance Awards 2017
    Best Greater China Fund over US$500 million

    The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2017.

    HFM Week
    2015

    Top Fund Awards 2015 (Hong Kong)
    Greater China Equity – Outstanding Performer

    Based on data provided by Morningstar Asia and Bloomberg Professional Services up to 30 Sep 2015.

    Bloomberg Businessweek, Chinese edition

    HFM Asia Performance Awards 2015
    Best Greater China Fund over US$500 million

    The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2015.

    HFM Week
    2012

    Fund of the Year Awards 2011
    Outstanding Achiever – Greater China Equity category

    Class A Units of the Fund selected as one of the top 100 funds based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2011.

    Benchmark
    2011

    Long-Term Performance Award (10 Years)

    Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

    AsiaHedge Awards 2011

    Top 100 Funds of the Year 2010
    Greater China Equity – Best in Class

    Class A Units of the Fund selected as one of the top 100 funds, based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2010.

    Benchmark
    2008

    Ranked No. 1 (for A Unit) in Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to Jun 30, 2008.

    Lipper

    Ranked 19th on the annual list of “The World’s 75 Best Hedge Funds”, a ranking based on three-year annualized returns and a minimum fund size of US$300 million as at Dec 2007.

    Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

    Barron's Magazine
    April 2008
    2007

    Ranked No. 1 in the Lipper Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to May 31, 2007

    Lipper
    2006

    Ranked No. 1 amongst its peer group in Greater China Equity sector sold in Hong Kongin terms of 13-year annualized total return, risk return ratio and absolute return ending by Mar 31, 2006

    Lipper
    2005

    Lipper Fund Awards Hong Kong 2005
    – Best Greater China Equity Fund over Five Years

    Based on returns as of year-end 2004.

    Lipper
    2004

    Fund of the Year – Asia excluding Japan

    Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

    The AsiaHedge Awards 2004

    Ranked No. 1 the best performing Greater China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1994 to Mar 31, 2004.

    Lipper
    2003

    Fund Manager of the Year 2003 for Equity China (Greater) Five-Year Award

    South China Morning Post

    Fund of the Year Awards 2003 in Equity Greater China (3 Years) category

    Based on returns as of year-end 2002.

    Benchmark / Lipper

    Fund of the Year Awards 2003
    in Equity Greater China (5 Years) category

    Based on returns as of year-end 2002.

    Benchmark / Lipper
    2002

    Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to Oct 31, 2002.

    Lipper

    Fund Manager of the Year 2002 for Equity Hong Kong Three-Year Award

    South China Morning Post

    Fund Manager of the Year 2002 for Asia Equity

    Morningstar

    Fund of the Year Awards 2002 in Equity Greater China (3 Years) category

    Based on returns as of year-end 2001.

    Benchmark / Lipper

    Fund of the Year Awards 2002 in Equity Greater China (5 Years) category

    Based on returns as of year-end 2001.

    Benchmark / Lipper
    2001

    Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to May 31, 2001.

    Lipper

    Fund of the Year Awards 2001 in Equity Greater China (3 Years) category

    Based on returns as of year-end 2000.

    Benchmark / Lipper
    1998

    Rated ‘frAA’ and ranked No. 1 in 3 years volatility adjusted ranking – South East Asia

    Standard & Poor's
    Fund Research, 1998
    1997

    Fund Manager of the Year Awards 1997
    – Hong Kong Equity (Jan 1995 – Dec 1997)

    South China Morning Post
    1995

    1995 Offshore Fund Awards
    Best Far East Fund (Excl Japan) One Year

    The International and Offshore Financial Review

    No. 1 Lipper Overseas Fund Table for a 2 years period ending December 31, 1995 in the Equity Asset Type category with a Geographical Focus of Hong Kong

    Lipper
    1994

    Fund Manager of the Year Awards 1994
    – Hong Kong Equity Funds (Jan 3, 1994 – Jan 2, 1995)

    Sunday Morning Post

    The Micropal Awards 1994
    – First Place in the Micropal One Year Offshore Territories
    Hong Kong Equity Sector out of 28 funds

    Micropal 1994
    Print

    Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.

    Dividend history of - C Units MDIS USD

    Ex-dividend dateEx-dividend date NAV ( USD )Dividend per unit ( USD )*Annualized yield#
    2019-10-3131-10-20198.830.02863.9 %
    2019-09-3030-09-20198.410.02753.9 %
    2019-08-3030-08-20198.410.02753.9 %
    2019-07-3131-07-20198.580.02753.8 %
    2019-06-2828-06-20198.650.02753.8 %
    2019-05-3131-05-20198.110.02754.1 %
    2019-04-3030-04-20199.070.02753.6 %
    2019-03-2929-03-20198.970.02753.7 %
    2019-02-2828-02-20198.790.02753.8 %
    2019-01-3131-01-20198.230.02754.0 %
    2018-12-3131-12-20187.470.02754.4 %
    2018-11-3030-11-20187.960.02754.1 %
    2018-10-3131-10-20187.620.02754.3 %
    2018-09-2828-09-20188.860.02753.7 %
    2018-08-3131-08-20189.000.02753.7 %
    2018-07-3131-07-20189.450.02753.5 %
    2018-06-2929-06-20189.500.02753.5 %
    2018-05-3131-05-201810.140.02513.0 %
    2018-04-3030-04-201810.000.02513.0 %
    2018-03-2929-03-201810.230.02512.9 %
    2018-02-2828-02-201810.520.02512.9 %
    2018-01-3131-01-201811.210.02512.7 %
    2017-12-2929-12-201710.160.02513.0 %
    2017-11-3030-11-201710.000.02513.0 %
    2017-10-3131-10-201710.040.02513.0 %

    Dividend history of - C Units MDIS HKD

    Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#
    2019-10-3131-10-20198.810.02863.9 %
    2019-09-3030-09-20198.390.02753.9 %
    2019-08-3030-08-20198.400.02753.9 %
    2019-07-3131-07-20198.540.02753.9 %
    2019-06-2828-06-20198.600.02753.8 %
    2019-05-3131-05-20198.090.02754.1 %
    2019-04-3030-04-20199.060.02753.6 %
    2019-03-2929-03-20198.960.02753.7 %
    2019-02-2828-02-20198.780.02753.8 %
    2019-01-3131-01-20198.220.02754.0 %
    2018-12-3131-12-20187.440.02754.4 %
    2018-11-3030-11-20187.920.02754.2 %
    2018-10-3131-10-20187.610.02754.3 %
    2018-09-2828-09-20188.830.02753.7 %
    2018-08-3131-08-20188.990.02753.7 %
    2018-07-3131-07-20189.440.02753.5 %
    2018-06-2929-06-20189.490.02753.5 %
    2018-05-3131-05-201810.130.02513.0 %
    2018-04-3030-04-20189.990.02513.0 %
    2018-03-2929-03-201810.220.02512.9 %
    2018-02-2828-02-201810.510.02512.9 %
    2018-01-3131-01-201811.230.02512.7 %
    2017-12-2929-12-201710.170.02513.0 %
    2017-11-3030-11-201710.010.02513.0 %
    2017-10-3131-10-201710.050.02513.0 %

    Dividend history of - C Units MDIS RMB

    Ex-dividend dateEx-dividend date NAV ( CNH )Dividend per unit ( CNH )*Annualized yield#
    2019-10-3131-10-20199.200.02993.9 %
    2019-09-3030-09-20198.890.02883.9 %
    2019-08-3030-08-20198.900.02883.9 %
    2019-07-3131-07-20198.760.02883.9 %
    2019-06-2828-06-20198.800.02883.9 %
    2019-05-3131-05-20198.320.02884.2 %
    2019-04-3030-04-20199.070.02883.8 %
    2019-03-2929-03-20198.940.02573.4 %
    2019-02-2828-02-20198.710.02573.5 %
    2019-01-3131-01-20198.190.02573.8 %
    2018-12-3131-12-20187.610.02574.1 %
    2018-11-3030-11-20188.180.02573.8 %
    2018-10-3131-10-20187.870.02573.9 %
    2018-09-2828-09-20189.030.02573.4 %
    2018-08-3131-08-20189.120.02573.4 %
    2018-07-3131-07-20189.560.02573.2 %
    2018-06-2929-06-20189.320.02573.3 %
    2018-05-3131-05-20189.610.03374.2 %
    2018-04-3030-04-20189.360.03374.3 %
    2018-03-2929-03-20189.540.03374.2 %
    2018-02-2828-02-20189.940.03374.1 %
    2018-01-3131-01-201810.610.03373.8 %
    2017-12-2929-12-20179.910.03374.1 %
    2017-11-3030-11-20179.960.03374.1 %
    2017-10-3131-10-201710.080.03374.0 %

    Dividend history of - C Units MDIS Hedged RMB

    Ex-dividend dateEx-dividend date NAV ( CNH )Dividend per unit ( CNH )*Annualized yield#
    2019-10-3131-10-20198.640.03244.5 %
    2019-09-3030-09-20198.230.02914.2 %
    2019-08-3030-08-20198.240.02914.2 %
    2019-07-3131-07-20198.410.02914.2 %
    2019-06-2828-06-20198.480.02914.1 %
    2019-05-3131-05-20197.950.02914.4 %
    2019-04-3030-04-20198.900.02913.9 %
    2019-03-2929-03-20198.810.03995.4 %
    2019-02-2828-02-20198.650.03995.5 %
    2019-01-3131-01-20198.120.03995.9 %
    2018-12-3131-12-20187.390.03996.5 %
    2018-11-3030-11-20187.890.03996.1 %
    2018-10-3131-10-20187.560.03996.3 %
    2018-09-2828-09-20188.790.03995.4 %
    2018-08-3131-08-20188.940.03995.4 %
    2018-07-3131-07-20189.410.03995.1 %
    2018-06-2929-06-20189.460.03995.1 %
    2018-05-3131-05-201810.110.03354.0 %
    2018-04-3030-04-20189.970.03354.0 %
    2018-03-2929-03-201810.200.03353.9 %
    2018-02-2828-02-201810.500.03353.8 %
    2018-01-3131-01-201811.190.03353.6 %
    2017-12-2929-12-201710.150.03354.0 %
    2017-11-3030-11-20179.980.03354.0 %
    2017-10-3131-10-201710.040.03354.0 %

    ^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). 

    *For distribution class only, dividend yields are not guaranteed and dividends may be distributed out of capital.

    To read the latest dividend schedule, please click here

    Investors should note that the base currency of “C” Units is in US dollar. The HK dollar equivalent is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against US dollar.

    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.

    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 in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    • Risk Disclosure

      • Value Partners Classic Fund (The “Fund”) primarily invests in markets of the Asia-Pacific region, with a Greater China focus.
      • The Fund invests in China-related companies and emerging markets which involve certain risks not typically associated with investment in more developed markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
      • The Fund is also subject to concentration risk due to its concentration in Asia-Pacific region, particularly China-related companies. 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 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.
      • 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 20-11-2019

      Performance Since Launch

    • Fund Facts

      Investment objectives

      The Fund aims to achieve consistent superior returns through an investment discipline that places emphasis on the fundamental value of potential investments, which the Manager believes are being traded at deep discounts to their intrinsic values.

      The Fund will concentrate on investing in the markets of the Asia Pacific region (particularly in Greater China region) but without fixed geographical, sectoral or industry weightings.

      Effective from 16 October 2017, Value Partners Classic Fund offers four new income distribution classes for investors who are looking for Greater China exposure and regular income payments. Please click here for the promotional material.

      For fund performance details, please download the latest monthly factsheet.

      Fund manager

      Value Partners Hong Kong Limited

      Trustee and Custodian

      HSBC Institutional Trust Services (Asia) Limited

      Launch date

      A Units: 01-04-1993
      B Units: 15-05-1996
      C Units (USD): 15-10-2009
      C Units (Hedged classes- AUD/CAD/NZD): 17-03-2014
      C Units (RMB Hedged): 28-10-2015
      C Units (HKD Hedged): 30-11-2015
      C Units (RMB): 1-12-2015
      C units (MDis  – USD/HKD/RMB/RMB Hedged):16-10-2017

      Fund sizeUSD1,120.84 million ( as at 21-11-2019 )
      Share classes

      A Units: USD
      B Units: USD
      C Units:
      Hedged classes AUD/CAD/HKD/NZD/RMB
      Unhedged classes HKD/RMB/USD
      MDis – USD/HKD/RMB/RMB Hedged

      Minimum subscriptions

      A Units: Closed
      B Units: Closed
      C Units: US$10,000 or equivalent

      Minimum subsequent subscription

      A Units: Closed
      B Units: Closed
      C Units: US$5,000 or equivalent

      Subscription fee

      A Units: Closed
      B Units: Closed
      C Units: Up to 5% 

      Management fee

      A Units: 0.75% per annum
      B Units: 1.25% per annum
      C Units: 1.25% per annum

      Redemption fee

      Nil

      Performance fee

      15% of profit^ (high-on-high principle)

      Dealing frequency

      Daily

      Dividend policy*

      Monthly distribution, if any (MDis)

      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). 

      *For distribution class only, dividend yields are not guaranteed and dividends may be distributed out of capital.

      To read the latest dividend schedule, please click here

      Investors should note that the base currency of “C” Units is in US dollar. The HK dollar equivalent is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against US dollar.

      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.

      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 in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.

    • Documents

      
      Loading...
      Type of DocumentDateDownload
      Factsheet
    • Historical Prices

      From
      To
      Date

      A Units USD

      B Units USD

      C Units USD

      C Units HKD*

      C Units RMB

      C Units AUD Hedged

      C Units CAD Hedged

      C Units RMB Hedged

      C Units HKD Hedged

      C Units NZD Hedged

      C Units MDis USD

      C Units MDis HKD

      C Units MDis RMB

      C Units MDis RMB Hedged

      *Investors should note that the base currency of “C” Units is in USD. The HKD is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against USD.

      From
      To
      Date

      A Units USD

      B Units USD

      C Units USD

      C Units HKD*

      C Units RMB

      C Units AUD Hedged

      C Units CAD Hedged

      C Units RMB Hedged

      C Units HKD Hedged

      C Units NZD Hedged

      C Units MDis USD

      C Units MDis HKD

      C Units MDis RMB

      C Units MDis RMB Hedged

      *Investors should note that the base currency of “C” Units is in USD. The HKD is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against USD.

    • Awards

      YearAward Organizers
      2017

      AsiaHedge Awards 2017
      Best Asia ex-Japan Fund

      The award was based on performance for the full 12-month period, from Sep 2016 to the end of Aug 2017.

      AsiaHedge

      HFM Asia Performance Awards 2017
      Fund of the Year 2017

       

      HFM Week

      HFM Asia Performance Awards 2017
      Best Greater China Fund over US$500 million

      The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2017.

      HFM Week
      2015

      Top Fund Awards 2015 (Hong Kong)
      Greater China Equity – Outstanding Performer

      Based on data provided by Morningstar Asia and Bloomberg Professional Services up to 30 Sep 2015.

      Bloomberg Businessweek, Chinese edition

      HFM Asia Performance Awards 2015
      Best Greater China Fund over US$500 million

      The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2015.

      HFM Week
      2012

      Fund of the Year Awards 2011
      Outstanding Achiever – Greater China Equity category

      Class A Units of the Fund selected as one of the top 100 funds based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2011.

      Benchmark
      2011

      Long-Term Performance Award (10 Years)

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      AsiaHedge Awards 2011

      Top 100 Funds of the Year 2010
      Greater China Equity – Best in Class

      Class A Units of the Fund selected as one of the top 100 funds, based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2010.

      Benchmark
      2008

      Ranked No. 1 (for A Unit) in Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to Jun 30, 2008.

      Lipper

      Ranked 19th on the annual list of “The World’s 75 Best Hedge Funds”, a ranking based on three-year annualized returns and a minimum fund size of US$300 million as at Dec 2007.

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      Barron's Magazine
      April 2008
      2007

      Ranked No. 1 in the Lipper Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to May 31, 2007

      Lipper
      2006

      Ranked No. 1 amongst its peer group in Greater China Equity sector sold in Hong Kongin terms of 13-year annualized total return, risk return ratio and absolute return ending by Mar 31, 2006

      Lipper
      2005

      Lipper Fund Awards Hong Kong 2005
      – Best Greater China Equity Fund over Five Years

      Based on returns as of year-end 2004.

      Lipper
      2004

      Fund of the Year – Asia excluding Japan

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      The AsiaHedge Awards 2004

      Ranked No. 1 the best performing Greater China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1994 to Mar 31, 2004.

      Lipper
      2003

      Fund Manager of the Year 2003 for Equity China (Greater) Five-Year Award

      South China Morning Post

      Fund of the Year Awards 2003 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2002.

      Benchmark / Lipper

      Fund of the Year Awards 2003
      in Equity Greater China (5 Years) category

      Based on returns as of year-end 2002.

      Benchmark / Lipper
      2002

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to Oct 31, 2002.

      Lipper

      Fund Manager of the Year 2002 for Equity Hong Kong Three-Year Award

      South China Morning Post

      Fund Manager of the Year 2002 for Asia Equity

      Morningstar

      Fund of the Year Awards 2002 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2001.

      Benchmark / Lipper

      Fund of the Year Awards 2002 in Equity Greater China (5 Years) category

      Based on returns as of year-end 2001.

      Benchmark / Lipper
      2001

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to May 31, 2001.

      Lipper

      Fund of the Year Awards 2001 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2000.

      Benchmark / Lipper
      1998

      Rated ‘frAA’ and ranked No. 1 in 3 years volatility adjusted ranking – South East Asia

      Standard & Poor's
      Fund Research, 1998
      1997

      Fund Manager of the Year Awards 1997
      – Hong Kong Equity (Jan 1995 – Dec 1997)

      South China Morning Post
      1995

      1995 Offshore Fund Awards
      Best Far East Fund (Excl Japan) One Year

      The International and Offshore Financial Review

      No. 1 Lipper Overseas Fund Table for a 2 years period ending December 31, 1995 in the Equity Asset Type category with a Geographical Focus of Hong Kong

      Lipper
      1994

      Fund Manager of the Year Awards 1994
      – Hong Kong Equity Funds (Jan 3, 1994 – Jan 2, 1995)

      Sunday Morning Post

      The Micropal Awards 1994
      – First Place in the Micropal One Year Offshore Territories
      Hong Kong Equity Sector out of 28 funds

      Micropal 1994
      Print

      Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.

      YearAward Organizers
      2017

      AsiaHedge Awards 2017
      Best Asia ex-Japan Fund

      The award was based on performance for the full 12-month period, from Sep 2016 to the end of Aug 2017.

      AsiaHedge

      HFM Asia Performance Awards 2017
      Fund of the Year 2017

       

      HFM Week

      HFM Asia Performance Awards 2017
      Best Greater China Fund over US$500 million

      The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2017.

      HFM Week
      2015

      Top Fund Awards 2015 (Hong Kong)
      Greater China Equity – Outstanding Performer

      Based on data provided by Morningstar Asia and Bloomberg Professional Services up to 30 Sep 2015.

      Bloomberg Businessweek, Chinese edition

      HFM Asia Performance Awards 2015
      Best Greater China Fund over US$500 million

      The award recognized funds that have outperformed their peers over the past 12 months, up to 30 Apr 2015.

      HFM Week
      2012

      Fund of the Year Awards 2011
      Outstanding Achiever – Greater China Equity category

      Class A Units of the Fund selected as one of the top 100 funds based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2011.

      Benchmark
      2011

      Long-Term Performance Award (10 Years)

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      AsiaHedge Awards 2011

      Top 100 Funds of the Year 2010
      Greater China Equity – Best in Class

      Class A Units of the Fund selected as one of the top 100 funds, based on fund size, track record, Morningstar’s Star rating and one year absolute ranking as at month end Oct 2010.

      Benchmark
      2008

      Ranked No. 1 (for A Unit) in Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to Jun 30, 2008.

      Lipper

      Ranked 19th on the annual list of “The World’s 75 Best Hedge Funds”, a ranking based on three-year annualized returns and a minimum fund size of US$300 million as at Dec 2007.

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      Barron's Magazine
      April 2008
      2007

      Ranked No. 1 in the Lipper Equity Greater China sector sold in Hong Kong in terms of annualized total return, risk-return ratio and absolute return for the period from Apr 1, 1993 to May 31, 2007

      Lipper
      2006

      Ranked No. 1 amongst its peer group in Greater China Equity sector sold in Hong Kongin terms of 13-year annualized total return, risk return ratio and absolute return ending by Mar 31, 2006

      Lipper
      2005

      Lipper Fund Awards Hong Kong 2005
      – Best Greater China Equity Fund over Five Years

      Based on returns as of year-end 2004.

      Lipper
      2004

      Fund of the Year – Asia excluding Japan

      Value Partners Classic Fund is not authorized as a hedge fund by the Securities and Futures Commission (“SFC”) in Hong Kong according to the Code on Unit Trusts 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 of its suitability for any particular investor or class of investors.

      The AsiaHedge Awards 2004

      Ranked No. 1 the best performing Greater China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1994 to Mar 31, 2004.

      Lipper
      2003

      Fund Manager of the Year 2003 for Equity China (Greater) Five-Year Award

      South China Morning Post

      Fund of the Year Awards 2003 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2002.

      Benchmark / Lipper

      Fund of the Year Awards 2003
      in Equity Greater China (5 Years) category

      Based on returns as of year-end 2002.

      Benchmark / Lipper
      2002

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to Oct 31, 2002.

      Lipper

      Fund Manager of the Year 2002 for Equity Hong Kong Three-Year Award

      South China Morning Post

      Fund Manager of the Year 2002 for Asia Equity

      Morningstar

      Fund of the Year Awards 2002 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2001.

      Benchmark / Lipper

      Fund of the Year Awards 2002 in Equity Greater China (5 Years) category

      Based on returns as of year-end 2001.

      Benchmark / Lipper
      2001

      Ranked No. 1 the best performing Hong Kong and China Equity funds in terms of annualized total return, risk-return ratio and absolute return for the period from Mar 31, 1993 to May 31, 2001.

      Lipper

      Fund of the Year Awards 2001 in Equity Greater China (3 Years) category

      Based on returns as of year-end 2000.

      Benchmark / Lipper
      1998

      Rated ‘frAA’ and ranked No. 1 in 3 years volatility adjusted ranking – South East Asia

      Standard & Poor's
      Fund Research, 1998
      1997

      Fund Manager of the Year Awards 1997
      – Hong Kong Equity (Jan 1995 – Dec 1997)

      South China Morning Post
      1995

      1995 Offshore Fund Awards
      Best Far East Fund (Excl Japan) One Year

      The International and Offshore Financial Review

      No. 1 Lipper Overseas Fund Table for a 2 years period ending December 31, 1995 in the Equity Asset Type category with a Geographical Focus of Hong Kong

      Lipper
      1994

      Fund Manager of the Year Awards 1994
      – Hong Kong Equity Funds (Jan 3, 1994 – Jan 2, 1995)

      Sunday Morning Post

      The Micropal Awards 1994
      – First Place in the Micropal One Year Offshore Territories
      Hong Kong Equity Sector out of 28 funds

      Micropal 1994
      Print

      Investment involves risk. Past performance is not indicative of future performance. Investors should refer to the relevant offering documents for details, including the risk factors before investing.

    • Dividend History

      Dividend history of - C Units MDIS USD

      Ex-dividend dateEx-dividend date NAV ( USD )Dividend per unit ( USD )*Annualized yield#
      2019-10-3131-10-20198.830.02863.9 %
      2019-09-3030-09-20198.410.02753.9 %
      2019-08-3030-08-20198.410.02753.9 %
      2019-07-3131-07-20198.580.02753.8 %
      2019-06-2828-06-20198.650.02753.8 %
      2019-05-3131-05-20198.110.02754.1 %
      2019-04-3030-04-20199.070.02753.6 %
      2019-03-2929-03-20198.970.02753.7 %
      2019-02-2828-02-20198.790.02753.8 %
      2019-01-3131-01-20198.230.02754.0 %
      2018-12-3131-12-20187.470.02754.4 %
      2018-11-3030-11-20187.960.02754.1 %
      2018-10-3131-10-20187.620.02754.3 %
      2018-09-2828-09-20188.860.02753.7 %
      2018-08-3131-08-20189.000.02753.7 %
      2018-07-3131-07-20189.450.02753.5 %
      2018-06-2929-06-20189.500.02753.5 %
      2018-05-3131-05-201810.140.02513.0 %
      2018-04-3030-04-201810.000.02513.0 %
      2018-03-2929-03-201810.230.02512.9 %
      2018-02-2828-02-201810.520.02512.9 %
      2018-01-3131-01-201811.210.02512.7 %
      2017-12-2929-12-201710.160.02513.0 %
      2017-11-3030-11-201710.000.02513.0 %
      2017-10-3131-10-201710.040.02513.0 %

      Dividend history of - C Units MDIS HKD

      Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#
      2019-10-3131-10-20198.810.02863.9 %
      2019-09-3030-09-20198.390.02753.9 %
      2019-08-3030-08-20198.400.02753.9 %
      2019-07-3131-07-20198.540.02753.9 %
      2019-06-2828-06-20198.600.02753.8 %
      2019-05-3131-05-20198.090.02754.1 %
      2019-04-3030-04-20199.060.02753.6 %
      2019-03-2929-03-20198.960.02753.7 %
      2019-02-2828-02-20198.780.02753.8 %
      2019-01-3131-01-20198.220.02754.0 %
      2018-12-3131-12-20187.440.02754.4 %
      2018-11-3030-11-20187.920.02754.2 %
      2018-10-3131-10-20187.610.02754.3 %
      2018-09-2828-09-20188.830.02753.7 %
      2018-08-3131-08-20188.990.02753.7 %
      2018-07-3131-07-20189.440.02753.5 %
      2018-06-2929-06-20189.490.02753.5 %
      2018-05-3131-05-201810.130.02513.0 %
      2018-04-3030-04-20189.990.02513.0 %
      2018-03-2929-03-201810.220.02512.9 %
      2018-02-2828-02-201810.510.02512.9 %
      2018-01-3131-01-201811.230.02512.7 %
      2017-12-2929-12-201710.170.02513.0 %
      2017-11-3030-11-201710.010.02513.0 %
      2017-10-3131-10-201710.050.02513.0 %

      Dividend history of - C Units MDIS RMB

      Ex-dividend dateEx-dividend date NAV ( CNH )Dividend per unit ( CNH )*Annualized yield#
      2019-10-3131-10-20199.200.02993.9 %
      2019-09-3030-09-20198.890.02883.9 %
      2019-08-3030-08-20198.900.02883.9 %
      2019-07-3131-07-20198.760.02883.9 %
      2019-06-2828-06-20198.800.02883.9 %
      2019-05-3131-05-20198.320.02884.2 %
      2019-04-3030-04-20199.070.02883.8 %
      2019-03-2929-03-20198.940.02573.4 %
      2019-02-2828-02-20198.710.02573.5 %
      2019-01-3131-01-20198.190.02573.8 %
      2018-12-3131-12-20187.610.02574.1 %
      2018-11-3030-11-20188.180.02573.8 %
      2018-10-3131-10-20187.870.02573.9 %
      2018-09-2828-09-20189.030.02573.4 %
      2018-08-3131-08-20189.120.02573.4 %
      2018-07-3131-07-20189.560.02573.2 %
      2018-06-2929-06-20189.320.02573.3 %
      2018-05-3131-05-20189.610.03374.2 %
      2018-04-3030-04-20189.360.03374.3 %
      2018-03-2929-03-20189.540.03374.2 %
      2018-02-2828-02-20189.940.03374.1 %
      2018-01-3131-01-201810.610.03373.8 %
      2017-12-2929-12-20179.910.03374.1 %
      2017-11-3030-11-20179.960.03374.1 %
      2017-10-3131-10-201710.080.03374.0 %

      Dividend history of - C Units MDIS Hedged RMB

      Ex-dividend dateEx-dividend date NAV ( CNH )Dividend per unit ( CNH )*Annualized yield#
      2019-10-3131-10-20198.640.03244.5 %
      2019-09-3030-09-20198.230.02914.2 %
      2019-08-3030-08-20198.240.02914.2 %
      2019-07-3131-07-20198.410.02914.2 %
      2019-06-2828-06-20198.480.02914.1 %
      2019-05-3131-05-20197.950.02914.4 %
      2019-04-3030-04-20198.900.02913.9 %
      2019-03-2929-03-20198.810.03995.4 %
      2019-02-2828-02-20198.650.03995.5 %
      2019-01-3131-01-20198.120.03995.9 %
      2018-12-3131-12-20187.390.03996.5 %
      2018-11-3030-11-20187.890.03996.1 %
      2018-10-3131-10-20187.560.03996.3 %
      2018-09-2828-09-20188.790.03995.4 %
      2018-08-3131-08-20188.940.03995.4 %
      2018-07-3131-07-20189.410.03995.1 %
      2018-06-2929-06-20189.460.03995.1 %
      2018-05-3131-05-201810.110.03354.0 %
      2018-04-3030-04-20189.970.03354.0 %
      2018-03-2929-03-201810.200.03353.9 %
      2018-02-2828-02-201810.500.03353.8 %
      2018-01-3131-01-201811.190.03353.6 %
      2017-12-2929-12-201710.150.03354.0 %
      2017-11-3030-11-20179.980.03354.0 %
      2017-10-3131-10-201710.040.03354.0 %

      ^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). 

      *For distribution class only, dividend yields are not guaranteed and dividends may be distributed out of capital.

      To read the latest dividend schedule, please click here

      Investors should note that the base currency of “C” Units is in US dollar. The HK dollar equivalent is for reference only and should not be used for subscription or redemption purpose. Conversion to the base currency of “C” Units will normally take place at the prevailing rate (as determined by the Fund’s Trustee or Custodian) on the corresponding fund dealing day. Investor should be aware of possible risks resulting from fluctuations of exchange rates against US dollar.

      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.

      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 in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.