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Value Partners Fund Series –
Value Partners USD Money Market Fund

Other Funds

    • Risk Disclosure
      • Value Partners USD Money Market Fund (The “Fund”) primarily invests in USD-denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, corporates and financial institutions.
      • The Fund is an investment product and is not equivalent to bank deposits. There is no guarantee in respect of repayment of principal.
      • The Fund’s investments are concentrated in USD-denominated and settled short-term deposits and high quality money market instruments. The Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the USD money markets. The Fund may also invest in emerging markets and is also subject to emerging market risk.
      • The Fund is also subject to other risks associated with debt securities e.g. credit/counterparty, interest rate, credit rating and downgrading, credit rating agency and valuation risks.
      • 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.
      • The Fund may use derivatives for hedging purposes. Use of derivatives may expose the Fund to significant losses.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.

    Performance Updateas at 22-04-2024

    Performance Update

    Performance Since Launch as at 22-04-2024

    Performance Since Launch

    Source: Value Partners & Morningstar

    Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate.

    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.

    Investment Objective

    The investment objective of the Fund is to invest in short-term deposits and high quality money market instruments. The Fund seeks to achieve a return in USD in line with prevailing money market rates.

    Fund manager

    Value Partners Hong Kong Limited

    Trustee

    HSBC Institutional Trust Services (Asia) Limited

    Custodian

    The Hong Kong and Shanghai Banking Corporation Limited

    Launch date

    18-08-2023

    Classes available

    Class A Units Unhedged: HKD/USD

    Class B Units Unhedged: HKD/USD
    Class D Units Unhedged: HKD/USD

    Dealing frequency

    Daily

    Fund sizeUSD88.01 million ( as at 24-04-2024 )
    Base currency

    US dollars

    Minimum initial investment

    Class A Units Unhedged: HKD1,000/USD100 or equivalent

    Class B Units Unhedged: Nil
    Class D Units Unhedged:
    HKD100,000/USD10,000 or equivalent

    Minimum subsequent investment

    Class A Units Unhedged: HKD1,000/USD100 or equivalent

    Class B Units Unhedged: Nil
    Class D Units Unhedged:
    HKD100,000/USD10,000 or equivalent

    Minimum redemption amount

    Nil

    Subscription fee

    Up to 3%

    Management fee

    Class A Units and Class D Units: 0.25% per annum

    Class B Units: 0.60% per annum

    Ongoing charges over a year#

    Class A Units Unhedged – HKD/USD: 0.41%

    Class B Units Unhedged – HKD/USD: 0.76%
    Class D Units Unhedged – HKD/USD: 0.41%

    Print

    #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 Sub-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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    Type of DocumentDateDownload
    From
    To
    Date

    Class A USD Unhedged Acc

    Class A HKD Unhedged Acc

    Class B HKD Unhedged Acc

    Class B USD Unhedged Acc

    Class D USD Unhedged Acc

    Class D HKD Unhedged Acc

    • Risk Disclosure

      • Value Partners USD Money Market Fund (The “Fund”) primarily invests in USD-denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, corporates and financial institutions.
      • The Fund is an investment product and is not equivalent to bank deposits. There is no guarantee in respect of repayment of principal.
      • The Fund’s investments are concentrated in USD-denominated and settled short-term deposits and high quality money market instruments. The Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the USD money markets. The Fund may also invest in emerging markets and is also subject to emerging market risk.
      • The Fund is also subject to other risks associated with debt securities e.g. credit/counterparty, interest rate, credit rating and downgrading, credit rating agency and valuation risks.
      • 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.
      • The Fund may use derivatives for hedging purposes. Use of derivatives may expose the Fund to significant losses.
      • You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
    • Performance

      Performance Update

      Performance Update

      Performance Since Launch as at 22-04-2024

      Performance Since Launch

      Source: Value Partners & Morningstar

      Performance shown is NAV to NAV in denominated currency with income reinvested and net of fees. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate.

      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 invest in short-term deposits and high quality money market instruments. The Fund seeks to achieve a return in USD in line with prevailing money market rates.

      Fund manager

      Value Partners Hong Kong Limited

      Trustee

      HSBC Institutional Trust Services (Asia) Limited

      Custodian

      The Hong Kong and Shanghai Banking Corporation Limited

      Launch date

      18-08-2023

      Classes available

      Class A Units Unhedged: HKD/USD

      Class B Units Unhedged: HKD/USD
      Class D Units Unhedged: HKD/USD

      Dealing frequency

      Daily

      Fund sizeUSD88.01 million ( as at 24-04-2024 )
      Base currency

      US dollars

      Minimum initial investment

      Class A Units Unhedged: HKD1,000/USD100 or equivalent

      Class B Units Unhedged: Nil
      Class D Units Unhedged:
      HKD100,000/USD10,000 or equivalent

      Minimum subsequent investment

      Class A Units Unhedged: HKD1,000/USD100 or equivalent

      Class B Units Unhedged: Nil
      Class D Units Unhedged:
      HKD100,000/USD10,000 or equivalent

      Minimum redemption amount

      Nil

      Subscription fee

      Up to 3%

      Management fee

      Class A Units and Class D Units: 0.25% per annum

      Class B Units: 0.60% per annum

      Ongoing charges over a year#

      Class A Units Unhedged – HKD/USD: 0.41%

      Class B Units Unhedged – HKD/USD: 0.76%
      Class D Units Unhedged – HKD/USD: 0.41%

      Print

      #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 Sub-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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      Type of DocumentDateDownload
    • Historical Prices

      From
      To
      Date

      Class A USD Unhedged Acc

      Class A HKD Unhedged Acc

      Class B HKD Unhedged Acc

      Class B USD Unhedged Acc

      Class D USD Unhedged Acc

      Class D HKD Unhedged Acc

      From
      To
      Date

      Class A USD Unhedged Acc

      Class A HKD Unhedged Acc

      Class B HKD Unhedged Acc

      Class B USD Unhedged Acc

      Class D USD Unhedged Acc

      Class D HKD Unhedged Acc