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CSOP Enhanced Hong Kong Bond Fund

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IMPORTANT INFORMATION

  • CSOP Select US Dollar Bond Fund (the “Sub-Fund”) is a fixed income fund domiciled in Hong Kong and invests primarily in US dollar (“USD”) denominated debt securities.
  • The Sub-Fund may invest in debt securities denominated in other currencies and this may subject to currency and foreign exchange risks.
  • Investors may expose to credit/insolvency risk of the counterparties of debt securities and it may be subject to downgrading risk.
  • The Sub-Fund may invest substantially in below investment grade or unrated bonds which are subject to higher credit risk, liquidity risk and volatility risk. Investors may lose substantially under the worst case scenario.
  • Any increase in interest rates may adversely impact the value of the Sub-Fund’s fixed income portfolio.
  • The Manager may at its discretion pay dividends out of or effectively pay dividend out of the capital of the Sub-fund. Payment of distributions out of capital or effectively out of capital amounts to a return or a withdrawal of part of the amount an investor originally invested or from any capital gain attributable to that original investment, and may result in an immediate decrease in net asset value.
  • The Sub-Fund may use derivative instruments for currency hedging purposes only. The use of derivative instruments for these purposes may become ineffective and/or cause the Sub-Fund to suffer significant losses.
  • RMB is currently not freely convertible and is subject to exchange controls.  There is no guarantee that RMB will not depreciate.

Investors should not invest in the Sub-Fund solely based on this material alone.

Investment Objective & Strategy
  • The Sub-Fund invests primarily in Hong Kong dollar denominated debt securities. The Sub-Fund is denominated in Hong Kong dollar.

  • The CSOP Enhanced Hong Kong Bond Fund seeks long term and stable income and capital growth through the investment, which aims to achieve its objective by primarily investing at least 70% of its assets in Hong Kong dollar denominated debt securities, including but not limited to sovereign and/or non-sovereign, floating and/or fixed, of varying maturities issued by the government or by multi-lateral agencies or by companies. The Sub-Fund may also invest up to 30% of its assets in offshore RMB-denominated securities.
Key Facts
Asset Class Fixed Income
Inception Date
Base Currency HKD
Dealing Frequency Daily on each Business Daya
Financial Year End 31 December
Dividend policy Currently on a semi-annual basis (i.e. in respect of the period ending June and December each year), subject to the Manager’s discretion and paid in the class currency. The Manager may, at its discretion, pay dividends out of or effectively pay dividend out of capital, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund.
Share Classes A I
HKD RMB USD HKD RMB USD
Ongoing charges over a year # 1.05% 1.05% 1.05% 0.85% 0.85% 0.85%
Management Fee* 0.7%p.a. 0.7%p.a. 0.7%p.a. 0.5%p.a. 0.5%p.a. 0.5%p.a.
Preliminary Charge (% of Issue Price) up to 5%*
Redemption Charge nil*
Min. initial investment 10,000 10,000 1,000 8,000,000 8,000,000 1,000,000
Min. additional holding 10,000 10,000 1,000 8,000,000 8,000,000 1,000,000
Min.Holding 10,000 10,000 1,000 8,000,000 8,000,000 1,000,000
Min.redemption 10,000 10,000 1,000 8,000,000 8,000,000 1,000,000
a A day (other than a Saturday or Sunday) on which banks in Hong Kong are open for normal banking business.
# This figure is an estimate only and represents the sum of the estimated ongoing expenses chargeable to the respective class of units of the Sub-Fund expressed as a percentage of the respective class of units of the Sub-Fund's estimated average Net Asset Value. The actual figure may be different from this estimated figure.
* You should note that some fees may be increased, up to a specified permitted maximum; by giving Unitholders at least one month’s prior notice. For details please refer to the section headed “Expenses and Charges” in the Explanatory Memorandum.
Investment Portfolio 1
Portfolio Characteristics
Average Duration (yrs) 2.98
Average Credit Rating AA+
Average Yield to Maturity 5.90%
Percentage Invested 97.10%
Credit Rating
Portfolio Allocation
Sector Allocation
1Source: CSOP, as of 30 April, 2014.
Performance
1 Month 3 Months 6 Months 1 Year Year to date Since Inception
Class I
No performance data can be displayed until 6 months from inception date.
As of
Summary of NAV
Class Units Inception date Latest unit price Last valuation date
I HKD (class I) 2015-12-01 HKD 10.77 2017-03-29
A HKD (class A) 2015-12-01 HKD 10.74 2017-03-29
I USD (class I) 2016-01-13 USD 10.73 2017-03-29
A USD (class A) 2016-02-02 USD 10.71 2017-03-29
I RMB (Class I) 2016-02-02 RMB 11.15 2017-03-29
A RMB (Class A) 2016-02-02 RMB 11.11 2017-03-29

To check historical prices, simply select the fund and the periods required.

Class
Units
From
To

    Documents
    Explanatory Memorandum
    Product Key Facts
    Monthly Newsletter
    For request of the fund literature hardcopies, please contact us.
    All documents are in PDF format.

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    Announcement
    Elaboration on Investment Policy
    Notice to Investors re Unaudited Interim Report
    Implementation of repurchase transaction
    Audited Accounts as at 31 December 2015
    For request of the fund literature hardcopies, please contact us.
    All documents are in PDF format.

    Download Acrobat Reader.
    Financial Reports
    Interim Report
    Audited Accounts
    For request of the fund literature hardcopies, please contact us.
    All documents are in PDF format.

    Download Acrobat Reader.
    Important information about Dividend out of capital / effectively out of capital
    • The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the ETF are charged to/paid out of the capital of the ETF, resulting in an increase in distributable income for the payment of dividends by the ETF and therefore, the ETF may effectively pay dividend out of capital.
    • Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from capital gains attributed to that original investment. Any distributions involving payment of dividends out of the ETF’s capital or effectively out of capital may result in an immediate reduction in the Net Asset Value (“NAV”) per Unit.
    Distribution History
    Ex-Date Record Date Payable Date Dividend Per Share Dividend Paid Out
    of Net Distributable Income*
    for the month
    Dividend Paid Out
    of Capital
    2014-4-17 2014-4-22 2014-4-28 RMB 0.1 per share RMB 0.08 RMB 0.02
    *“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.
    Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above There is no guarantee of distribution.Investors should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

    All dollar amounts are in RMB. All dates are in GMT+8 Time. Any exceptions are noted.

    Disclaimer

    Investment involves risk. Please refer to the Explanatory Memorandum and the Key Facts Statement for details of the risks of investing in the Sub-Fund. Future performance and the capital value of the Sub-Fund are not guaranteed. Past performance figures are not an indicative for future performance. The value of units may rise as well as fall. This material has not been reviewed by SFC in Hong Kong.