Value Partners Fund Series II –
Value Partners Global Short Duration Investment Grade Bond Fund
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Risk Disclosure
- Value Partners Global Short Duration Investment Grade Bond Fund (the “Fund”) primarily invests in fixed income securities issued or traded in the global fixed income securities markets (including certificate of deposits, bonds, convertible bonds, fixed income securities with loss-absorption features, asset-backed securities and “Dim Sum” bonds, i.e. bonds issued outside China but denominated in RMB) which (or the issuers of which) are rated Investment Grade, with duration of each of such securities no longer than 3 years.
- The Fund may invest globally without geographical restrictions but may invest significantly in any one region or country or any one industry sector, and is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy.
- The Fund may invest in emerging markets. Generally, investments in emerging markets are more volatile than investments in developed markets due to additional risks relating to political, social, economic and regulatory uncertainty. Adverse development in such region may affect the value of the underlying securities in which the Fund invests.
- The “Dim Sum” bond market is still a relatively small market which is more susceptible to volatility and illiquidity. The operation of the “Dim Sum” bond market as well as new issuances could be disrupted causing a fall in the NAV of the Fund should there be any promulgation of new rules by the relevant regulator(s).
- The Fund may invest in high yielding 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.
- The Fund may invest in reverse repurchase transactions and repurchase transactions, both of which are subject to the risk of loss as difficulty in realizing collateral, or inaccurate pricing of the collateral or market movements resulting in proceeds from the sale of the collateral to be less than the cash placed with the counterparty.
- In respect of the distribution shares 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 share 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.
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Performance
Performance Update
Since the Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Annual Returns
Since the Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Performance Since Launch
Since the Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Since the Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
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 investment objective of the Fund is to maximise the total return by primarily investing in a portfolio of investment grade short-term fixed income securities issued globally with an average duration across the portfolio of not more than 3.5 years. There can be no assurance that the Fund will achieve its investment objective. In order to achieve the investment objective, the Manager will adopt a dynamic approach in asset allocation primarily among a wide range of fixed income securities based on the anticipated changes in market conditions. The Fund is not subject to any limitation on the portion of its NAV that may be invested in any specific industries or sectors.
Fund manager Value Partners Hong Kong Limited
Trustee CMB (HK) Trustee Company Limited
Custodian Industrial Bank Co., Ltd., Hong Kong branch
Launch date 19-12-2025
Available share classes Class I: USD, HKD, RMB
MDis Hedged Classes – RMB
MDis Unhedged classes – USD, HKD, RMBDealing frequency Daily
Fund Size USD0.01 million ( as at 22-12-2025 ) Base currency US dollars (USD)
Minimum initial investment USD 30,000,000 or equivalent
Minimum subsequent investment USD 3,000,000 or equivalent
Subscription fee Nil
Management fee Up to 0.80% per annum
Redemption fee Nil
Performance fee Nil
Dividend Policy* Monthly distribution, if any (MDis)
Ongoing charges over a year# 1.10%
*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.
#As the 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 (“NAV”) over the same period of the relevant Classes of the Fund. It may be different upon actual operation of the Fund and may vary from year to year. For the 12-month period from the launch of the Fund, the ongoing charges of Class I is capped at 1.10% of the averaged NAV. Any ongoing expenses in respect of the relevant Class(es) exceeding the capped figure during this period will be borne by the Manager and will not be charged to the relevant Class(es) of the Fund.
+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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Historical Prices
Date Class I USD Unhedged Acc Class I HKD Unhedged Acc Class I RMB Unhedged Acc Class I RMB Hedged Acc Class I USD Unhedged MDis Class I HKD Unhedged MDis Class I RMB Hedged MDis Date Class I USD Unhedged Acc Class I HKD Unhedged Acc Class I RMB Unhedged Acc Class I RMB Hedged Acc Class I USD Unhedged MDis Class I HKD Unhedged MDis Class I RMB Hedged MDis