-
Risk Disclosure
- Value Partners All China Bond Fund (the “Fund”) primarily invests in fixed income securities issued by any central and/or local governments, government agencies, supra-nationals, banks or companies which are domiciled in the People’s Republic of China (“PRC”) or which exercise the predominant part of their business or economic activities in the PRC.
- The Fund is subject to concentration risk and emerging market risk as a result of the concentration of its investments in the PRC markets. The Fund may be more volatile than a broadly based fund as it is more susceptible to fluctuation in value resulting from adverse economic or political conditions in the PRC markets.
- The Fund may also invest in PRC interbank bond market and is therefore subject to regulatory risks and various risks such as volatility risk, liquidity risk, settlement and counterparty risk. The relevant rules and regulations on investment in the PRC interbank bond market are subject to change and may adversely impact the Fund.
- The Fund may invest in securities which may be unrated or below investment grade and financial derivative instruments. The Fund is therefore exposed to additional risks, including volatility risk, valuation risk, leverage risk, liquidity risk, correlation risk, counterparty/credit risk, legal risk, over-the-counter transaction risk and settlement risk.
- 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 of the net asset value per unit of the Fund.
- You should not make investment decision on the basis of this marketing material alone. Please read the explanatory memorandum for details and risk factors.
-
Fund Facts
Investment objectives
The investment objective of the Sub-Fund is to provide capital appreciation by investing primarily in fixed income securities issued by any central and/or local governments, government agencies, supra-nationals, banks or companies which are domiciled in the People’s Republic of China (“PRC”), or which exercise the predominant part of their business or economic activities in the PRC. There can be no assurance that the Sub-Fund will achieve its investment objective.
Fund manager Value Partners Hong Kong Limited
Trustee HSBC Institutional Trust Services (Asia) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited
PRC Custodian HSBC Bank (China) Company LimitedClasses available Class A Units Hedged:
(Acc or MDis units) – AUD/CAD/ CHF/EUR/GBP/NZD/RMB/SGD
Class A Units Unhedged:
(Acc or MDis units) – HKD/RMB/USD
Dealing frequency Daily
Fund size Base currency US dollars
Dividend policy* Monthly distribution, if any (MDis)
Minimum initial investment Class A Units: USD10,000 or equivalent
Minimum subsequent investment Class A Units: USD5,000 or equivalent
Minimum holding Class A Units: USD10,000 or equivalentMinimum redemption amount Class A Units: Nil
Ongoing charges over a year# 1.55%
*At its discretion, the Manager currently intends to make monthly dividend distributions. Dividends may be paid out of capital or effectively out of capital of the relevant Class and may result in an immediate reduction of the Net Asset Value per Unit of the Sub-Fund.
#As the Sub-Fund is recently launched, these are best estimate figures only and represent the sum of estimated expenses over a 12-month period chargeable to the relevant Classes expressed as a percentage of the estimated average Net Asset Value over the same period of the relevant Classes of the Sub-Fund. It may be different upon actual operation of the Sub-Fund and may vary from year to year.
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 Fund may go down as well as up and the past performance of the Fund does not indicate future return. 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.
-
Documents
Loading...Type of Document Date Download -
Historical Prices
Date Class A AUD Hedged MDis Class A GBP Hedged MDis Units Class A HKD Unhedged Acc Class A HKD Unhedged MDis Class A RMB (CNH) Hedged MDis Class A USD Unhedged Acc Class A USD Unhedged MDis Date Class A AUD Hedged MDis Class A GBP Hedged MDis Units Class A HKD Unhedged Acc Class A HKD Unhedged MDis Class A RMB (CNH) Hedged MDis Class A USD Unhedged Acc Class A USD Unhedged MDis -
Dividend History
Dividend history of - Class A Units USD Unhedged MDis
Ex-dividend date Ex-dividend date NAV ( USD ) Dividend per unit ( USD )* Annualized yield# 2022-05-3131-05-2022 9.34 0.0410 5.3 % 2022-04-2929-04-2022 9.52 0.0410 5.2 % 2022-03-3131-03-2022 9.63 0.0410 5.1 % 2022-02-2828-02-2022 9.86 0.0410 5.0 % Dividend history of - Class A Units HKD Unhedged MDis
Ex-dividend date Ex-dividend date NAV ( HKD ) Dividend per unit ( HKD )* Annualized yield# 2022-05-3131-05-2022 9.43 0.0413 5.3 % 2022-04-2929-04-2022 9.61 0.0413 5.2 % 2022-03-3131-03-2022 9.70 0.0413 5.1 % 2022-02-2828-02-2022 9.91 0.0413 5.0 % Dividend history of - Class A Units AUD Hedged MDis
Ex-dividend date Ex-dividend date NAV ( AUD ) Dividend per unit ( AUD )* Annualized yield# 2022-05-3131-05-2022 9.32 0.0373 4.8 % 2022-04-2929-04-2022 9.51 0.0373 4.7 % 2022-03-3131-03-2022 9.61 0.0373 4.7 % 2022-02-2828-02-2022 9.85 0.0373 4.5 % Dividend history of - Class A Units GBP Hedged MDis
Ex-dividend date Ex-dividend date NAV ( GBP ) Dividend per unit ( GBP )* Annualized yield# 2022-05-3131-05-2022 9.32 0.0421 5.4 % 2022-04-2929-04-2022 9.51 0.0421 5.3 % 2022-03-3131-03-2022 9.61 0.0421 5.3 % 2022-02-2828-02-2022 9.85 0.0421 5.1 % Dividend history of - Class A Units RMB Hedged MDis
Ex-dividend date Ex-dividend date NAV ( CNH ) Dividend per unit ( CNH )* Annualized yield# 2022-05-3131-05-2022 9.46 0.0567 7.2 % 2022-04-2929-04-2022 9.64 0.0567 7.1 % 2022-03-3131-03-2022 9.74 0.0567 7.0 % 2022-02-2828-02-2022 9.96 0.0567 6.8 % *At its discretion, the Manager currently intends to make monthly dividend distributions. Dividends may be paid out of capital or effectively out of capital of the relevant Class and may result in an immediate reduction of the Net Asset Value per Unit of the Sub-Fund.
#As the Sub-Fund is recently launched, these are best estimate figures only and represent the sum of estimated expenses over a 12-month period chargeable to the relevant Classes expressed as a percentage of the estimated average Net Asset Value over the same period of the relevant Classes of the Sub-Fund. It may be different upon actual operation of the Sub-Fund and may vary from year to year.
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 Fund may go down as well as up and the past performance of the Fund does not indicate future return. 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.
Loading...
Currently browsing: