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Value Partners Fund Series –
Value Partners Asian Fixed Maturity Bond Fund 2022

2019Q4_VP_Asian-Total-Return-Bond-Fund_TC_1024x288_ENG_v1

Other Funds

    • Risk Disclosure
      • Value Partners Asian Fixed Maturity Bond Fund 2022 (The “Fund”) invests primarily in a buy-and-hold portfolio of fixed income securities in Asia over an investment period of 3 years from the Fund target launch date on 22 November 2019 up to the Fund’s maturity date, which is expected to be on or around 18 November 2022 (“Maturity Date”).
      • The duration of the Fund is limited (i.e. up to the Maturity Date) and will be terminated automatically at maturity. Neither income, return nor capital of the Fund is guaranteed or protected. There are risks that investors may not recoup the original amount invested in the Fund during the investment period as well as at the Maturity Date.
      • The issuers of fixed income instruments may repay principal before the maturity of the instruments. Prepayments may cause losses on instruments purchased at a premium. Unscheduled prepayments for fixed income instruments issued at par may result in a loss equal to any unamortised premium. Repayment of principal before the Fund’s maturity as well as the re-investment of cash proceeds from the sale of fixed income instruments where a potential deterioration of credit profiles is anticipated by the Manager create out of market risk and the uncertainty of gaining access to fixed income instruments delivering similar yield to maturity resulting in lower interest income and returns to the Fund.
      • In case of substantial redemptions within a short period of time, the Fund may need to liquidate some positions prematurely at an inopportune time or on unfavourable terms. The value of the Fund may therefore be adversely affected. In addition, the resulting decrease in the size of the Fund may immediately increase the ongoing charges of the Fund and may have an adverse impact on investors’ return. Substantial redemptions may render the size of the Fund to shrink significantly and trigger the Fund to be early terminated.
      • The Fund is subject to early termination risk. Upon the termination of the Fund, all the assets of the Fund will be realised and the net proceeds thereof which are available for distribution will be distributed to relevant unitholders. Investors should note that the amount distributed to them may be less than the amount of their initial investment.
      • The Manager may at its discretion extend the Initial Offer Period (“IOP”) (4 November 2019 to 21 November 2019) or not to issue any units. If the Manager decides not to proceed with the launch, any subscription monies shall be promptly returned to investors in full (without any interest) less any applicable bank charges, after the close of the IOP. The Fund will also be closed to subsequent subscriptions after the IOP and no subsequent subscription to the Fund will be accepted.
      • The Fund is subject to geographical concentration risks, the value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting Asia (in particular China) market.
      • Investors should note the emerging markets risk, currency and foreign exchange risk, and concentration risk and risks relating to fixed income instruments : (a) credit / counterparty risk; (b) interest rates risk; (c) volatility and liquidity risk; (d) credit rating downgrading risk; (e) credit ratings risk; (f) sovereign debt risk; (g) valuation risk.
      • Financial derivative instruments may be used for hedging. The use of derivatives may become ineffective and the Fund may suffer significant losses.
      • In respect of the distribution classes 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 material alone. Please read the explanatory memorandum for details and risk factors.

    Investment objectives

    The investment objective of the Fund is to provide investors with stable income and total return by investing in a portfolio of fixed income securities in Asia over an investment period of approximately 3 years from the close of initial offer period up to the maturity date. For the avoidance of doubt, the Fund is not a guarantee or capital protected product. There can be no assurance that the Fund will achieve its investment objective.

     

    Fund manager

    Value Partners Hong Kong Limited

    Trustee

    HSBC Institutional Trust Services (Asia) Limited

    Launch date

    22-11-2019

    Fund size
    Share classes

    Class A Hedged classes:
    (MDis shares) – AUD/RMB

    Class A Unhedged classes:
    (MDis shares) – HKD/RMB/USD

     

    Minimum subscription

    Class A: USD10,000 or equivalent

    Minimum subsequent subscription

    Class A: USD5,000 or equivalent

    Subscription fee

    Class A: Up to 5% 

    Management fee

    Class A: 0.80% per annum

    Performance fee

    Nil

    Dealing frequency

    Daily (Redemption)

    Dividend policy*

    Monthly distribution, if any (MDis)

    Print

    *The Manager currently intends to make monthly dividend distribution for all classes of Units at its discretion. 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.

    #Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/NAV as at ex-dividend date) x 12. Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments.

    To read the latest dividend schedule, please click here.

    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...
    Type of DocumentDateDownload
    From
    To
    Date

    Class A Units MDis USD Unhedged

    Class A Units MDis HKD Unhedged

    Class A Units MDis RMB Unhedged

    Class A Units MDis RMB Hedged

    Class A Units MDis AUD Hedged

    Dividend history of - Class A Units MDis USD Unhedged

    Ex-dividend dateEx-dividend date NAV ( USD )Dividend per unit ( USD )*Annualized yield#

    Dividend history of - Class A Units MDis HKD Unhedged

    Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#

    Dividend history of - Class A Units MDis RMB Unhedged

    Ex-dividend dateEx-dividend date NAV ( RMB )Dividend per unit ( RMB )*Annualized yield#

    Dividend history of - Class A Units MDis RMB Hedged

    Ex-dividend dateEx-dividend date NAV ( RMB )Dividend per unit ( RMB )*Annualized yield#

    Dividend history of - Class A Units MDis AUD Hedged

    Ex-dividend dateEx-dividend date NAV ( )Dividend per unit ( )*Annualized yield#

    *The Manager currently intends to make monthly dividend distribution for all classes of Units at its discretion. 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.

    #Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/NAV as at ex-dividend date) x 12. Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments.

    To read the latest dividend schedule, please click here.

    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.

    • Risk Disclosure

      • Value Partners Asian Fixed Maturity Bond Fund 2022 (The “Fund”) invests primarily in a buy-and-hold portfolio of fixed income securities in Asia over an investment period of 3 years from the Fund target launch date on 22 November 2019 up to the Fund’s maturity date, which is expected to be on or around 18 November 2022 (“Maturity Date”).
      • The duration of the Fund is limited (i.e. up to the Maturity Date) and will be terminated automatically at maturity. Neither income, return nor capital of the Fund is guaranteed or protected. There are risks that investors may not recoup the original amount invested in the Fund during the investment period as well as at the Maturity Date.
      • The issuers of fixed income instruments may repay principal before the maturity of the instruments. Prepayments may cause losses on instruments purchased at a premium. Unscheduled prepayments for fixed income instruments issued at par may result in a loss equal to any unamortised premium. Repayment of principal before the Fund’s maturity as well as the re-investment of cash proceeds from the sale of fixed income instruments where a potential deterioration of credit profiles is anticipated by the Manager create out of market risk and the uncertainty of gaining access to fixed income instruments delivering similar yield to maturity resulting in lower interest income and returns to the Fund.
      • In case of substantial redemptions within a short period of time, the Fund may need to liquidate some positions prematurely at an inopportune time or on unfavourable terms. The value of the Fund may therefore be adversely affected. In addition, the resulting decrease in the size of the Fund may immediately increase the ongoing charges of the Fund and may have an adverse impact on investors’ return. Substantial redemptions may render the size of the Fund to shrink significantly and trigger the Fund to be early terminated.
      • The Fund is subject to early termination risk. Upon the termination of the Fund, all the assets of the Fund will be realised and the net proceeds thereof which are available for distribution will be distributed to relevant unitholders. Investors should note that the amount distributed to them may be less than the amount of their initial investment.
      • The Manager may at its discretion extend the Initial Offer Period (“IOP”) (4 November 2019 to 21 November 2019) or not to issue any units. If the Manager decides not to proceed with the launch, any subscription monies shall be promptly returned to investors in full (without any interest) less any applicable bank charges, after the close of the IOP. The Fund will also be closed to subsequent subscriptions after the IOP and no subsequent subscription to the Fund will be accepted.
      • The Fund is subject to geographical concentration risks, the value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting Asia (in particular China) market.
      • Investors should note the emerging markets risk, currency and foreign exchange risk, and concentration risk and risks relating to fixed income instruments : (a) credit / counterparty risk; (b) interest rates risk; (c) volatility and liquidity risk; (d) credit rating downgrading risk; (e) credit ratings risk; (f) sovereign debt risk; (g) valuation risk.
      • Financial derivative instruments may be used for hedging. The use of derivatives may become ineffective and the Fund may suffer significant losses.
      • In respect of the distribution classes 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 material alone. Please read the explanatory memorandum for details and risk factors.
    • Fund Facts

      Investment objectives

      The investment objective of the Fund is to provide investors with stable income and total return by investing in a portfolio of fixed income securities in Asia over an investment period of approximately 3 years from the close of initial offer period up to the maturity date. For the avoidance of doubt, the Fund is not a guarantee or capital protected product. There can be no assurance that the Fund will achieve its investment objective.

       

      Fund manager

      Value Partners Hong Kong Limited

      Trustee

      HSBC Institutional Trust Services (Asia) Limited

      Launch date

      22-11-2019

      Fund size
      Share classes

      Class A Hedged classes:
      (MDis shares) – AUD/RMB

      Class A Unhedged classes:
      (MDis shares) – HKD/RMB/USD

       

      Minimum subscription

      Class A: USD10,000 or equivalent

      Minimum subsequent subscription

      Class A: USD5,000 or equivalent

      Subscription fee

      Class A: Up to 5% 

      Management fee

      Class A: 0.80% per annum

      Performance fee

      Nil

      Dealing frequency

      Daily (Redemption)

      Dividend policy*

      Monthly distribution, if any (MDis)

      Print

      *The Manager currently intends to make monthly dividend distribution for all classes of Units at its discretion. 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.

      #Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/NAV as at ex-dividend date) x 12. Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments.

      To read the latest dividend schedule, please click here.

      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 DocumentDateDownload
    • Historical Prices

      From
      To
      Date

      Class A Units MDis USD Unhedged

      Class A Units MDis HKD Unhedged

      Class A Units MDis RMB Unhedged

      Class A Units MDis RMB Hedged

      Class A Units MDis AUD Hedged

      From
      To
      Date

      Class A Units MDis USD Unhedged

      Class A Units MDis HKD Unhedged

      Class A Units MDis RMB Unhedged

      Class A Units MDis RMB Hedged

      Class A Units MDis AUD Hedged

    • Dividend History

      Dividend history of - Class A Units MDis USD Unhedged

      Ex-dividend dateEx-dividend date NAV ( USD )Dividend per unit ( USD )*Annualized yield#

      Dividend history of - Class A Units MDis HKD Unhedged

      Ex-dividend dateEx-dividend date NAV ( HKD )Dividend per unit ( HKD )*Annualized yield#

      Dividend history of - Class A Units MDis RMB Unhedged

      Ex-dividend dateEx-dividend date NAV ( RMB )Dividend per unit ( RMB )*Annualized yield#

      Dividend history of - Class A Units MDis RMB Hedged

      Ex-dividend dateEx-dividend date NAV ( RMB )Dividend per unit ( RMB )*Annualized yield#

      Dividend history of - Class A Units MDis AUD Hedged

      Ex-dividend dateEx-dividend date NAV ( )Dividend per unit ( )*Annualized yield#

      *The Manager currently intends to make monthly dividend distribution for all classes of Units at its discretion. 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.

      #Annualized yield of MDis Class is calculated as follows: (Latest dividend amount/NAV as at ex-dividend date) x 12. Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments.

      To read the latest dividend schedule, please click here.

      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.