Value Partners Fund Series OFC –
Value Partners HK-US Dividend Low Volatility ETF (Unlisted Classes)
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Risk Disclosure
Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Prospectus and the Key Facts Statement of the Sub-Fund for further details, including the product features and risk factors before making any investment decisions.
- The investment objective of the Value Partners HK-US Dividend Low Volatility ETF (the “Sub-Fund”) is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the CCX HK-US Dividend Low Volatility Index (HKD Net Return) (the “Index”).
- The Sub-Fund offers both listed class of Shares (the “Listed Class of Shares”) and unlisted classes of Shares (the “Unlisted Classes of Shares”). Investors of Listed and Unlisted Classes of Shares are subject to different pricing and dealing arrangements.
- Shares of the Listed Class of Shares are traded on the stock exchange in the secondary market on an intraday basis at the prevailing market price (which may diverge from the corresponding NAV). In a stressed market scenario, investors of the Listed Class of Shares in the secondary market could only redeem at the prevailing market price (which may diverge from the corresponding NAV) and may have to exit the Sub-Fund at a significant discount.
- Shares of the Unlisted Classes of Shares are sold through intermediaries based on the dealing day-end NAV and are dealt at a single valuation point with no access to intraday liquidity in an open market. Depending on market conditions, investors of the Unlisted Classes of Shares may be at an advantage or disadvantage compared to investors of the Listed Class of Shares. In a stressed market scenario, investors of the Unlisted Classes of Shares could only redeem their Shares at NAV until the end of the day.
- The Sub-Fund is passively managed and the Manager will not have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund.
- The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.
- The Index is a new index. The Sub-Fund may be riskier than other funds tracking more established indices with longer operating history.
- The Sub-Fund’s investments are concentrated in Hong Kong and the United States. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments and may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Hong Kong and the United States markets.
- Some of the constituents of the Index are mega-capitalisation companies that are relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. The high valuation of mega-capitalisation companies can make them more susceptible to market corrections, downturns and changes in interest rates.
- Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner and the value of the collateral may fall below the value of the securities lent out.
- The Sub-Fund may be subject to tracking error risk, which is the risk that its performance may not track that of the Index exactly.
- As the stock market may be open when Units in the Sub-Fund are not priced, the value of the securities in the Sub-Fund’s portfolio may change on days when investors will not be able to purchase or sell the Units. Differences in trading hours between the markets and the SEHK may also increase the level of premium or discount of the Unit price to its NAV.
- Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the NAV per Share of the Sub-Fund.
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Performance
Performance Update
Performance Since Launch as at 06-11-2026
Performance Since Launch
as at 30-10-2026
: 31-03-2026
-1.75% N/A -1.49% as at 30-10-2026
: 31-03-2026
Holdings as at 09-11-2026
Download the full holding listHolding Net Assets (%) Stock Code ELI LILLY & CO 5.880 LLY US VISA INC - CLASS A SHARES 5.480 V US APPLE INC 5.210 AAPL US MASTERCARD INC - A 5.080 MA US PetroChina Co Ltd H SHARES 3.940 857 HK Tingyi (Cayman Islands) Holding Corp 3.890 322 HK China Shenhua Energy Co Ltd H SHARES 3.780 1088 HK COSCO SHIPPING Holdings Co Ltd H SHARES 3.720 1919 HK Yanzhou Coal Mining Co Ltd H SHARES 3.460 1171 HK MTR Corp Ltd 3.300 66 HK CNOOC Ltd 3.210 883 HK HOME DEPOT INC 3.120 HD US WH Group Ltd. 2.900 288 HK Kunlun Energy Co Ltd 2.890 135 HK China CITIC Bank Corp Ltd H SHARES 2.710 998 HK PICC Property & Casualty Co Ltd H SHARES 2.640 2328 HK Cathay Pacific Airways Ltd 2.530 293 HK Kingboard Holdings Ltd 2.410 148 HK Industrial & Commercial Bank of China Ltd H SHARES 2.290 1398 HK AMGEN INC 2.220 AMGN US Bank of China Ltd H SHARES 2.020 3988 HK CITIC Ltd 2.000 267 HK China Merchants Bank Co Ltd H SHARES 1.890 3968 HK Agricultural Bank of China Ltd H SHARES 1.770 1288 HK Weichai Power Co Ltd H SHARES 1.720 2338 HK Hong Kong & China Gas Co Ltd 1.580 3 HK TJX COMPANIES INC 1.340 TJX US China Telecom Corp Ltd H SHARES 1.330 728 HK China Mobile Ltd 1.270 941 HK AUTOMATIC DATA PROCESSING 1.060 ADP US 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. This website is issued by Value Partners Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.
Source: Value Partners, CMB Wing Lung (Trustee) Limited and Bloomberg, data as at the last valuation date of the month as stated above, unless stated otherwise. Performance is calculated in base currency, NAV to NAV with dividend reinvested and net of fees.
+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
Fund manager Value Partners Hong Kong Limited
Custodian CMB Wing Lung (Trustee) Limited
Index* CCX HK-US Dividend Low Volatility Index (HKD Net Return)
Index Provider China Chengxin Indices Co., Ltd
Index Code CCX50596
Launch date 01-04-2026
Classes available Class A: HKD, USD
Class I: HKD, USD
Class S: HKDDealing frequency Daily (each business day)
Fund Size HKD1,576.49 million ( as at 09-11-2026 ) Base currency Hong Kong dollars (HKD)
Minimum initial investment Class A HKD: HKD 100
Class A USD: USD 100
Class I HKD: HKD 8,000,000
Class I USD: USD 1,000,000
Class S HKD: HKD 100Minimum subsequent investment Class A HKD, Class I HKD and Class S USD: HKD 0.1
Class A USD and Class I USD: USD 0.1Subscription fee Class A and Class I: Up to 3%
Class S HKD: NilManagement fee^ Class A HKD and Class A USD: 0.90% per annum
Class I HKD and Class I USD: 0.60% per annum
Class S HKD: NilOngoing charges over a year# Class A HKD Shares: 1.15%
Class A USD Shares: 1.15%
Class I HKD Shares: 0.85%
Class I USD Shares: 0.85%
Class S HKD Shares: 0.25%Annual tracking difference** Class A HKD Shares: -1.75%
Class A USD Shares: -1.75%
Class I HKD Shares: -1.45%
Class I USD Shares: -1.45%
Class S HKD Shares: -0.85%* The Index is calculated and maintained by China Chengxin Indices Co., Ltd. The Manager, the Investment Adviser and their connected persons are independent of the Index Provider. The CCX HK-US Dividend Low Volatility Index (HKD Net Return) is a cross-market equity index designed to track dividend-yielding securities eligible for Southbound trading on the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively, the “Stock Connect”) or listed on major US exchanges by selecting securities with stable income characteristics and low volatility from both markets.
^ Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to shareholders. Please refer to the section headed “Expenses and Charges” in the Prospectus for further details of the fees and charges payable and the permitted maximum of such fee allowed, as well as other ongoing expenses that may be borne by the Sub-Fund.
# The ongoing charges figure is indicative only as the Sub-Fund is newly set up. It represents the sum of the estimated ongoing expenses over a 12-month period chargeable to the relevant class expressed as a percentage of the estimated average NAV of the relevant class over the same period. The actual figure may be different from this estimated figure and it may vary from year to year. For the 12-month period from the launch of the Sub-Fund, the ongoing charges of each class is capped as follows: 1.15% (for Class A Shares); 0.85% (for Class I Shares); 0.25% (for Class S Shares). Any ongoing expenses in respect of a class exceeding the relevant capped figure during this period will be borne by the Manager and will not be charged to the relevant class.
** This is an estimated annual tracking difference as the Sub-Fund is newly set up.
+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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