Value Partners Fund Series –
Value Partners Japan REIT Fund
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Risk Disclosure
- Value Partners Japan REIT Fund (the “Fund”) invests primarily in real estate investment trusts (“REITs”) listed in Japan.
- The Fund is subject to concentration risk as a result of the concentration of its investments in the Japanese real estate sector. The Fund may be more volatile than other broad-based funds.
- Investing in REITs may also involve risks associated with the ownership of real estate, as well as other risks e.g. operation and management risk, interest rate risk, liquidity risk, regulatory risk and leverage risk.
- The Fund may also invest in financial derivative instruments for both hedging and investment purposes. These instruments can be highly volatile and expose investors to increased risk of loss.
- In respect of the distribution units for the Fund, 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 at the Manager’s discretion. This 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 of the relevant distribution units.
- The Fund is not authorized by the SFC under the Code on Real Estate Investment Trust but is authorized under the Code on Unit Trusts and Mutual Funds, such authorization does not imply official recommendation. You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
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Fund Facts
Investment Objective
To provide long-term capital appreciation and income generation primarily through investment in real estate investment trusts (“REITs”) listed (including REITs initial public offerings) in Japan.
Fund manager Value Partners Hong Kong Limited
Trustee HSBC Institutional Trust Services (Asia) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited
Launch date 23-04-2024
Fund size JPY2,514.19 million ( as at 02-05-2024 ) Share classes Class A Hedged classes:
(Acc or MDis shares) – HKD/JPY/RMB/SGD/USDClass A Unhedged classes:
(Acc or MDis shares) – HKD/JPY/RMB/SGD/USDMinimum subscription Class A: JPY 1,000,000 or equivalent
Minimum subsequent subscription Class A: JPY 500,000 or equivalent
Minimum holding Class A: JPY 1,000,000 or equivalent
Redemption Fee Nil
Subscription fee Up to 5% of the subscription monies
Management fee Class A Units: 1.50%
Performance fee Nil
Dealing frequency Daily
Dividend policy* Monthly distribution, if any (MDis)
Ongoing charges over a year# Class A: 2.34%
*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.
Click here for the latest dividend schedule. Click here for Fund Dividend Composition Details.
#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 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.
+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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