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Value Partners Fund Series –
Value Partners Japan REIT Fund

Other Funds

    • 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.

    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 sizeJPY2,556.79 million ( as at 16-05-2024 )
    Share classes

    Class A Hedged classes:
    (Acc or MDis shares) – HKD/JPY/RMB/SGD/USD

    Class A Unhedged classes:
    (Acc or MDis shares) – HKD/JPY/RMB/SGD/USD

    Minimum 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%

    Print

    *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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    From
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    Class A JPY Unhedged MDis

    Class A HKD Hedged MDis

    Class A RMB Hedged MDis

    Class A SGD Hedged MDis

    Class A USD Hedged MDis

    • 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.
    • 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 sizeJPY2,556.79 million ( as at 16-05-2024 )
      Share classes

      Class A Hedged classes:
      (Acc or MDis shares) – HKD/JPY/RMB/SGD/USD

      Class A Unhedged classes:
      (Acc or MDis shares) – HKD/JPY/RMB/SGD/USD

      Minimum 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%

      Print

      *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.
    • Documents

      
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    • Historical Prices

      From
      To
      Date

      Class A JPY Unhedged MDis

      Class A HKD Hedged MDis

      Class A RMB Hedged MDis

      Class A SGD Hedged MDis

      Class A USD Hedged MDis

      From
      To
      Date

      Class A JPY Unhedged MDis

      Class A HKD Hedged MDis

      Class A RMB Hedged MDis

      Class A SGD Hedged MDis

      Class A USD Hedged MDis