Value Partners Fund Series OFC –
Value Partners RMB Money Market ETF (Unlisted Class)
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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.
- Value Partners RMB Money Market ETF (the “Sub-Fund”) is a sub-fund of the Value Partners Fund Series OFC (“Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds. The Company has been registered with the Securities and Futures Commission (“SFC”) as an OFC and the Company and the Sub-Fund have been authorized by the SFC pursuant to section 104 of the Securities and Futures Ordinance. The SFC’s registration or authorization is not a recommendation or endorsement of the Company or the Sub-Fund nor does it guarantee the commercial merits of the Company or the Sub-Fund or its performance. It does not mean the Company or the Sub-Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
- 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.
- The Sub-Fund is an actively managed exchange traded fund under Chapters 8.2 and 8.10 of the Code on Unit Trusts and Mutual Funds (the “Code”). It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Sub-Fund to underperform as compared to prevailing money market rates or other money market funds with a similar objective. The purchase of a Share in the Sub-Fund is not the same as placing funds on deposit with a bank or deposit-taking company. The Sub-Fund does not guarantee repayment of principal and the Manager has no obligation to redeem the Shares at the offer value. The Sub-Fund does not have a constant NAV. The Sub-Fund is not subject to the supervision of the Hong Kong Monetary Authority.
- The Sub-Fund will invest primarily in short-term deposits and high quality money market instruments (which may include fixed income securities). Investment in fixed income securities subject to various risks, including short-term fixed income instruments risk, credit / counterparty risk, volatility and liquidity risk, interest rate risk, credit rating, agency and downgrading risk, valuation risk, settlement risk and sovereign debt risk.
- The Sub-Fund will invest in emerging markets such as Mainland China, which are subject to higher risks (for example, liquidity risk, currency risk, political risk, regulatory risk, legal and taxation risks, settlement risk, custody risk and economic risk) and higher volatility than more developed markets.
- The Sub-Fund may also be concentrated in a particular market or region, including Greater China. The Sub-Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the money markets, or the market or region in which its investments are focused.
- Bank deposits are subject to the credit risks of the relevant financial institutions. The Sub-Fund may also place deposits in non-resident accounts (NRA) and offshore accounts (OSA), which are offshore deposits with offshore branches of Mainland Chinese banks. The Sub-Fund’s deposit may not be protected by any deposit protection schemes, or the value of the protection under the deposit protection schemes may not cover the full amount deposited by the Sub-Fund. Therefore, if the relevant financial institution defaults, the Sub-Fund may suffer losses as a result.
- Underlying investments of the Sub-Fund may be denominated in currencies other than its base currency. The NAV of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
- The 7-day annualised yield and the 30-day annualised yield are based on 7-day period and 30-day period of the Sub-Funds’ past performance respectively and do not represent an actual one-year return. The assumptions involved in the calculation of the 7-day annualised yield and the 30-day annualised yield are hypothetical.
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Performance
Performance Update
Since the Sub-Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Annual Returns
Since the Sub-Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Performance Since Launch
Since the Sub-Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Investment Performance
Since the Sub-Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.
Holdings as at 10-10-2025
Download the full holding listHolding Net Assets (%) Since the Sub-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
To invest in short term deposits and high quality money market investments. The Sub-Fund seeks to achieve a return in RMB in line with prevailing money market rate. The strategy of the Sub-Fund seeks to achieve its investment objective by investing all, or substantially all (i.e. not less than 70% of its NAV) in RMB-denominated short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, financial institutions and corporations. The Sub-Fund may invest up to 30% of its NAV in non RMB-denominated short-term deposits and high quality money market instruments. The Manager will hedge non RMB-denominated investments into RMB in order to manage any material currency risk.
Fund manager Value Partners Hong Kong Limited
Custodian CMB Wing Lung (Trustee) Limited
Launch date 15-10-2025
Classes available Class A RMB: RMB
Class C RMB: RMB
Class N RMB: RMB
Class I RMB: RMB
Class S RMB: RMBDealing frequency Daily (Hong Kong business days)
Fund Size Base currency Renminbi (RMB)
Minimum initial investment Class A RMB: RMB 1 or equivalent
Class C RMB: RMB 0.5 or equivalent
Class N RMB: RMB 0.5 or equivalent
Class I RMB: RMB 100,000 or equivalent
Class S RMB: RMB 1 or equivalentMinimum subsequent investment Class A RMB, Class C RMB, Class N RMB, Class I RMB and Class S RMB: RMB 0.5 or equivalent
Subscription fee Class A RMB, Class C RMB and Class I RMB: Up to 1%
Class N RMB: Up to 0.60%
Class S RMB: NilManagement fee Class A RMB: 0.15% per annum
Class C RMB: 0.35% per annum
Class N RMB: 0.60% per annum
Class I RMB: 0.10% per annum
Class S RMB: NilOngoing charges over a year# Class A Shares: 0.30%
Class C Shares: 0.50%
Class N Shares: 0.75%
Class I Shares: 0.25%
Class S Shares: 0.15%#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: 0.30% (for Class A RMB Shares); 0.50% (for Class C RMB Shares); 0.75% (for Class N RMB Shares); 0.25% (for Class I RMB Shares); 0.15% (for Class S RMB 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.
+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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