Hong Kong-Listed ETFs

ChinaAMC 20+ Year US Treasury Bond ETF (3146 HK/83146 HK/9146 HK – Distributing Listed Class; 9446 HK – Accumulating Listed Class)

Management fee

0.20%(p.a.)

23608

Listing Date

17-Jun-2024

Morningstar

/5

Fund Performance

-

YTD

-

1 Year

-

3 Year

-

5 Year

-

Since Inception

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Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC 20+ Year US Treasury Bond ETF (the “Fund”), investor should refer to the Fund’s prospectus and respective KFSs for details, including the risk factors. You should not make investment decision based on the information on this material alone. Please note:

• The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the ICE U.S. Treasury 20+ Year Bond Index (the “Index”).

• The Fund is passively managed and falls in the Index may cause falls in the value of the Fund. The Fund is subject to tracking error risk, trading risk with discount or premium and multi-counter risk.

• The Fund majorly invests in US Treasury debt securities with 20+ years remaining term to maturity and is subject to general market risks, concentration risk, credit/counterparty risk, income risk, interest rate risk, sovereign debt risk, valuation risk, credit rating risk and downgrading risk.

• The Fund is subject to securities lending transactions risks, including the risk that the borrower may fail to return the securities in a timely manner.

• The Fund has Listed Units traded in RMB and HKD counters and Unlisted Classes not designated in USD, therefore subject to fluctuations in exchange rates. Investors in Unlisted Hedged Classes bear the associated costs and may be exposed to the risk associated with hedging instruments used.

• Listed and unlisted classes are subject to different pricing and dealing arrangements. NAV per Unit of each class may be different due to different fees and cost.

• Units of listed class are traded in the secondary market on an intraday basis at the prevailing market price, while units of unlisted class are sold through intermediaries based on the dealing day-end NAV. Investors of unlisted class could redeem at NAV while investors of listed class in the secondary market could only sell at the prevailing market price and may have to exit the Fund at a significant discount. Investors of unlisted class may be at an advantage or disadvantage compared to investors of listed class.

• Distributions will be made in the USD only. Unitholder of distributing classes without USD account may have to bear the fees and charges associated with currency conversion.

• The Fund may at its discretion pay distribution out of capital or effectively out of capital. Payment 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 any capital gains attributable to that original investment. Any distributions may result in an immediate reduction in the NAV per Unit of the Fund.

Product Details

Investment Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the ICE U.S. Treasury 20+ Year Bond Index.

Product Overview

Asset Class Fixed Income
Listing Date 17-Jun-2024
Base Currency USD
Net Asset Value (mil) 15.60
Domicile Hong Kong
Management Fee 0.20%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy Accumulating Listed Class: No distribution of dividends
Distributing Listed Class: The Manager intends to distribute income to Unitholders quarterly (in February, May, August, November)

As of 18-06-2024

Intra-day Estimated NAV and Market Price ( 1,2,3,4 )

Latest Market Information ( 5,6 )

Date Last Change Change(%)
NAV per Unit in RMB (Distributing Class - for reference only)18-06-2024732.03206.65730.92%
NAV per Unit in HKD (Distributing Class - for reference only)18-06-2024785.83656.65460.85%
Official NAV per Unit in USD (Distributing Class)18-06-2024100.64440.89060.89%
Official NAV per Unit in USD (Accumulating Class)18-06-2024100.64440.89060.89%
Closing Price for RMB Traded Unit (Distributing Class)20-06-2024730.8000--
Closing Price for HKD Traded Unit (Distributing Class)20-06-2024784.0000-0.1500-0.02%
Closing Price for USD Traded Unit (Distributing Class)20-06-2024100.4000--
Closing Price for USD Traded Unit (Accumulating Class)20-06-2024100.4000--

Trading Information

HKD Traded Units
(Distributing Listed Class)
RMB Traded Units
(Distributing Listed Class)
USD Traded Units
(Distributing Listed Class)
USD Traded Units
(Accumulating Listed Class)
Exchange ListingSEHK – Main BoardSEHK – Main BoardSEHK – Main BoardSEHK – Main Board
Commencement of Dealing17-Jun-202417-Jun-202417-Jun-202417-Jun-2024
Stock Code31468314691469446
Trading Board Lot Size1 Unit1 Unit1 Unit1 Unit
Trading CurrencyHKD RMB USD USD
SEDOL CodeBLB08Q7BLB08R8BLB08S9BLB08T0
Reuters Code3146.HK83146.HK9146.HK9446.HK
ISIN CodeHK0001006771HK0001006789HK0001006797HK0001006805
Bloomberg Ticker3146 HK83146 HK9146 HK9446 HK
Bloomberg NAV3146NAV83146NAV9146NAV9446NAV
Bloomberg iNAV3146IV83146IV9146IV9446IV
Bloomberg Shares Outstanding3146SHO83146SHO9146SHO9446SHO

Index Information ( 7 )

IndexICE U.S. Treasury 20+ Year Bond Index
Index ProviderICE Data Indices, LLC
CurrencyUSD
Closing Level96.62
Change0.01
Change (%)0.01%
Type of IndexTotal Return

As of 19-06-2024

Participating Dealers

  • China Merchants Securities (HK) Co.,
  • Citigroup Global Markets Asia Limited
  • Haitong International Securities Company Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • Korea Investment & Securities Asia Limited
  • Mirae Asset Securities (HK) Limited
  • Valuable Capital Limited

Market Makers

HKD Traded Units
(Distributing Listed Class)
RMB Traded Units
(Distributing Listed Class)
USD Traded Units
(Distributing Listed Class)
USD Traded Units
(Accumulating Listed Class)
Vivienne Court Trading Pty. Ltd.Vivienne Court Trading Pty. Ltd.Vivienne Court Trading Pty. Ltd.Vivienne Court Trading Pty. Ltd.

Please refer to the Hong Kong Exchanges and Clearing Limited’s website at www.hkex.com.hk for the latest lists of Market Makers.

1     Data are provided by ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE DATA, its Affiliates and their respective third-party suppliers (including but not limited to Factset Research System, Inc.) disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the index data and any data included in, related to, or derived therefrom. Neither ICE DATA, its Affiliates nor their respective third-party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the Index data or any component thereof, and the index data and all components therefore are provided on an “as is” basis and your use is at your own risk. ICE DATA, its Affiliates and their respective third-party suppliers do not sponsor, endorse, or recommend China Asset Management (Hong Kong) Limited, or any of its products or services.

2     IOPV calculations are performed by ICE DATA.

3     Intra-day Market Price refers to the market price of ChinaAMC 20+ Year US Treasury Bond ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong Limited (the “SEHK”).

4   The Intra-day Estimated NAV per Unit is updated during SEHK trading hours and is for reference only. The Intra-day Estimated NAV per Unit in RMD and HKD is calculated using the Intra-day Estimated NAV per Unit in USD multiplied by the real time exchange rate provided by ICE DATA. Since the Intra-day Estimated NAV per Unit in USD will not be updated when the underlying share market is closed, the change in the Intra-day Estimated NAV per unit in RMB or HKD (if any) during such period is solely due to the change in the foreign exchange rate.

5   The last NAV per Unit in RMB and HKD is for reference only. The last NAV per Unit in RMB and HKD is calculated using the official last NAV per Unit in USD multiplied by the foreign exchange rate quoted by Reuters at 4:00pm (London time) as of the same Dealing Day. The last NAV per Unit will be updated on days when the SEHK is open for trading. Changes of the official last NAV per Unit in USD and last change of the NAV per Unit in RMB and HKD indicate the change of the NAV per Unit since previous Dealing Day. Please refer to the Prospectus for more information on the determination of NAV.

6     Changes of the closing price for HKD, RMB and USD Traded Units indicate the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.

7     Index returns are for illustrative purposes only and are not indicative of future results. Index returns do not reflect any management fees, transaction costs or expenses. Change indicates the change since the last closing index level. Source: ICE Data Indices, LLC, Bloomberg.

Performance Chart

Fund Price

Class Currency Dealing Date NAV per unit
Class DIST RMB RMB 18-06-2024 732.0320
Class DIST HKD HKD 18-06-2024 785.8365
Class DIST USD USD 18-06-2024 100.6444
Class ACC USD USD 18-06-2024 100.6444

Since launch Performance

Historical NAVs

Investment involves risks. Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

7 Day Annualized

Holdings

Top 10 Holdings

Holdings. Weighting (%)
US TREASURY N/B 4.750 15 Nov 53 5.48
US TREASURY N/B 4.250 15 Feb 54 5.03
US TREASURY N/B 4.125 15 Aug 53 4.31
US TREASURY N/B 3.625 15 May 53 3.94
US TREASURY N/B 2.375 15 May 51 3.92
US TREASURY N/B 4.000 15 Nov 52 3.61
US TREASURY N/B 2.875 15 May 52 3.39
US TREASURY N/B 3.625 15 Feb 53 3.37
US TREASURY N/B 2.000 15 Aug 51 3.18
US TREASURY N/B 1.875 15 Feb 51 3.09
Total 39.32

As of 18-06-2024

Holding Details

Click below button to show the details of the holdings

Holdings are subject to change. Total allocation percentages shown in the Holdings table may not equal 100% due to rounding,  The historical data provided herein is for reference only and does not represent any future performance.

Sector Breakdown

As of 18-06-2024

Country Breakdown

As of 18-06-2024

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)
#N/A 98.78%

As of 18-06-2024

Tracking Difference & Error

Tracking Difference (TD):

Tracking difference is the return difference between ChinaAMC 20+ Year US Treasury Bond ETF and its underlying benchmark/ index over a certain period of time.

 

Tracking Error (TE):

Tracking error measures how consistently the ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.

Graph for Tracking Difference

Past performance Vs Benchmark performance

ETF listing date: 17 June 2024

Investment involves risks. Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

Distribution History

There is currently no information available.

*“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 includes net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The distribution paid will be at the discretion of the Manager. Distribution figures shown are past distributions declared and paid for by the Fund.

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. Distributions will be paid in Base Currency only. Unitholders may have to bear the fees and charges associated with the conversion of such distributions from HKD to USD or any other currency.

Prospectus & Documents

Offering Documents
File name Date File Format
Prospectus 11-06-2024 PDF >
Product Key Facts 11-06-2024 PDF >
Product Key Facts 11-06-2024 PDF >

Announcements & Notices

Investing involves risk, including possible loss of principal. Investment in emerging market countries may involve heightened risks such as increased volatility and lower trading volume, and may be subject to a greater risk of loss than investment in a developed country. Please carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the relevant Fund’s prospectus. Please read the prospectus carefully before investing. ChinaAMC Funds are not sponsored, endorsed, issued, sold or promoted by their index providers (only applicable to ETFs and index funds). For details of an index provider including any disclaimer, please refer to the relevant ChinaAMC Fund offering documents.

Source: Fund performance and index data are provided by ChinaAMC and the relevant index providers (if applicable) respectively.

This website is prepared by China Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

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Important Notes:

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Important Notes:

Private Funds

ChinaAMC(HK) is uniquely positioned in the market which enables it to leverage its extensive knowledge, research capabilities and investment experience in China to deliver a range of high-value asset management or investment advisory services to institutional clients worldwide. To bridge overseas investors with China opportunities, ChinaAMC (HK) is committed to utilize its local expertise to capture enormous investment potentials in China.

The private fund products issued and managed by ChinaAMC (HK) include Cayman Islands registered funds and Luxembourg domiciled SICAV funds*.

Browse through our website and discover our investment strategies. For private fund products information, please visit the product page by logging into your account.

* SICAV fund is an open-ended collective investment scheme common in Western Europe and may be open to public investors in certain European countries depending on its registration status.

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