Hong Kong-Listed ETFs

ChinaAMC Bloomberg China Treasury + Policy Bank Bond Index ETF (2813 / 82813 / 9813 HK)

Management fee

0.15%(p.a.)

4554

Listing Date

06-Jun-2018

Morningstar

3/5

Fund Performance

+2.17%

YTD

+3.88%

1 Year

+10.84%

3 Year

-

5 Year

+19.42%

Since Inception

As of 31-08-2022

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC Bloomberg China Treasury + Policy Bank Bond Index ETF (the “Fund”), investors should refer to the Fund’s prospectus 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 Bloomberg China Treasury + Policy Bank Index (the “Index”).
•The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC) and investing in bonds of a few issuers. The NAV of the Fund is likely to be more volatile than a broad-based fund.
•Investments in the PRC may involve increased risks compared to more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks and custody risk.
•The Fund is subject to risks associated with Bond Connect and Foreign Access Regime, such as change of relevant rules and regulations, regulatory risks, volatility risk, liquidity risk, settlement and counterparty risk. The trading on the PRC interbank bond market or trading through Bond Connect may be suspended.
•The Fund is subject to risk associated with debt securities, such as credit / counterparty risk, interest rate risk, volatility and liquidity risk, downgrade risk, sovereign debt risk, valuation risk, credit rating risk and credit agency risk.
•The Fund is subject to risks relating to settlement procedures and default of counterparties on the PRC inter-bank bond market.
•The Fund is denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. The Fund has units traded in HKD and USD. Investors may be subject to additional costs or losses associated with foreign currency fluctuations.
•The Fund may be subject to tracking error risk.
•If any suspension of the inter-counter transfer of units between the counters and/or any limitation on the level of services by brokers and CCASS participants occurs, unitholders will only be able to trade their units in one counter only. The market price of units traded in each counter may deviate significantly.
•The Fund is passively managed and the Manager will not have the discretion to adapt to market changes. Falls in the Index are expected to result in corresponding falls in the value of the Fund.
•Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund’s NAV.

Product Details

Investment Objective

The investment objective of the Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the Bloomberg China Treasury + Policy Bank Index.

Product Overview

Asset Class Fixed Income
Listing Date 06 Jun 2018
Base Currency RMB
Net Asset Value (mil) 32.70
Domicile Hong Kong
Management Fee 0.15%(p.a.)
Trustee HSBC Institutional Trust Services (Asia) Limited
Distribution Policy Quarterly, subject to the Manager’s discretion

As of 22-09-2022

Intra-day Estimated NAV and Market Price ( 2,3,4,5 )

Latest Market Information ( 4,6,7,8 )

Date Last Change Change(%)
Official NAV per Unit in RMB22-09-2022108.990.050.05
NAV per Unit in HKD (for reference only)22-09-2022120.52-0.70-0.58
NAV per Unit in USD (for reference only)22-09-202215.35-0.09-0.58
Closing Price for RMB Traded Unit23-09-2022108.550.000.00
Closing Price for HKD Traded Unit23-09-2022120.55-0.15-0.12
Closing Price for USD Traded Unit23-09-202215.34-0.01-0.07

Trading Information

RMB Traded UnitsHKD Traded UnitsUSD Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main BoardSEHK – Main Board
Commencement of Dealing06-Jun-201806-Jun-201830-Jun-2021
Stock Code8281328139813
Trading Board Lot Size10 Units10 Units10 Units
Trading CurrencyRMBHKDUSD
SEDOL CodeBYWFD67BYWFD23BM9CF50
Reuters Code82813.HK2813.HK9813.HK
ISIN CodeHK0000414364HK0000414356HK0000744216
Bloomberg Ticker82813 HK2813 HK9813 HK
Bloomberg NAV82813NAV2813NAV9813NAV
Bloomberg iNAV82813IV2813IV9813IV
Bloomberg Shares Outstanding82813SHO2813SHO9813SHO

Index Information( 9 )

IndexBloomberg China Treasury + Policy Bank Index
Index ProviderBloomberg Index Services Limited
CurrencyRMB
Closing Level210.02
Change0.02
Change (%)0.01%
Type of IndexTotal Return

As of 22-09-2022

Participating Dealers

  • ABN AMRO Clearing Hong Kong Limited
  • BNP Paribas Securities Services
  • China Merchants Securities (HK) Co Ltd
  • Citigroup Global Markets Asia Limited
  • Goldman Sachs (Asia) Securities Limited
  • Guotai Junan Securities (Hong Kong) Limited
  • Haitong International Securities Group Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • Korea Investment & Securities Asia Limited
  • Merrill Lynch Far East Limited
  • Mirae Asset Securities (HK) Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • Zhongtai International Securities Limited

Market Makers

RMB CounterHKD CounterUSD Counter
Flow Traders Hong Kong LimitedFlow Traders Hong Kong LimitedFlow Traders Hong Kong Limited

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. NeitherICE 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 byICE DATA.

3 Intra-day Market Price refers to the market price of ChinaAMC Bloomberg China Treasury + Policy Bank Bond Index 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 in HKD is for reference only. The Intra-day Estimated NAV per Unit in HKD is calculated using the estimated NAV per Unit in RMB multiplied by the real time exchange rate provided byICE Data Servicesfor offshore RMB (CNH).

5 The Last Closing NAV per Unit in HKD is for reference only. The Last Closing NAV per Unit in HKD is calculated using the Last Closing NAV per Unit in RMB multiplied by an assumed foreign exchange rate using the Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day.

6 Change of the Official NAV per Unit in RMB and change of the NAV per Unit in 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 the NAV.

7 Changes of the Closing Price for RMB and HKD traded Units indicate the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.

8 The NAV per Unit in HKD is equivalent to the relevant Official NAV per Unit in RMB multiplied by the assumed foreign exchange rate of CNH to HKD as mentioned in note 5 above as of the same Dealing Day^. The Official NAV per Unit in RMB and the NAV per Unit in HKD will not be updated when the underlying A shares market is closed.

9 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: Bloomberg.

^“Dealing Day” generally means a day on which (a) the SEHK and the underlying A shares market are open; and (b) the Index is compiled and published. Please refer to the Prospectus for further details in this regard.

Performance Chart

Class Currency Dealing Date NAV per unit
RMB RMB 22-09-2022 108.9852
HKD HKD 22-09-2022 120.5192
USD USD 22-09-2022 15.3532

Since Launch Performance

Returns
Historical NAVs
RMB
RMB

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).

Holdings

Top 10 Holdings

Holdings. Weighting (%)
CHINA DEVELOPMENT BANK 3.410 07 Jun 31 15.88
CHINA GOVERNMENT BOND 3.020 27 May 31 15.64
CHINA GOVERNMENT BOND 2.690 12 Aug 26 15.47
CHINA DEVELOPMENT BANK 4.04% 07/06/2028 GOVERNMENT BOND 4.040 06 Jul 28 9.82
CHINA D3.7%1030 9.73
CHINA DEVELOPMENT BANK 3.660 01 Mar 31 9.7
CHINA GOVERNMENT BOND 3.020 22 Oct 25 6.26
CHINA GOVERNMENT BOND 2.850 04 Jun 27 6.23
EXPORT-IMPORT BANK CHINA 3.280 11 Feb 24 6.21
Cash 5.06
Total 100

As of 22-09-2022

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, omissions of non-stock portions, and the inclusion of the redemption payable from the stocks. The historical data provided herein is for reference only and does not represent any future performance.

Asset Allocation

As of 22-09-2022

Country Breakdown

As of 22-09-2022

Yield Information

Yield to Maturity * Portfolio Duration(year) ^ Coupon #
2.48% 5.48% 3.12%

As of 31-08-2022

* YTM is calculated as Yield to Maturity of each bond held in the fund portfolio x a weight of each bond in the fund portfolio.

# Coupon refers to the weighted average coupon yield of the fund portfolio.

^ Portfolio Duration (Average) is measured in year.

Asset Allocation

Asset Typs Weighting(%)
Policy Bank Bonds 51.34%
PRC Treasury Bonds 43.6%
Cash 5.06%

As of 22-09-2022

Tracking Difference & Error

Tracking Difference (TD):

Tracking difference is the return difference between the 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.

Tracking Difference / Tracking Error

Rolling 1-Year TD-0.70%
Rolling 1-Year TE1.38%
TD (2019)-0.76%
TD (2020)-0.77%
TD (2021)-0.70%

As of 31-08-2022

^Annualized based on the number of dealing days in the last year when daily TD is calculated

Graph for Tracking Difference

Calendar Year Performance

The FundIndex(Price Return)Index(Total Return)
2019+3.87%+4.63%+4.63%
2020+2.26%+3.03%+3.03%
2021+5.02%+5.72%+5.72%

As of 31-12-2021

Past performance Vs Benchmark performance

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

Ex-Dividend Date Record Date Pay Date Currency Total Distribution Per Unit Dividend paid out of net distributable income * (RMB) Dividend paid out of capital
25-07-2022 26-07-2022 29-07-2022 RMB 0.6 100% 0%
24-01-2022 25-01-2022 28-01-2022 RMB 0.6 100% 0%
25-10-2021 26-10-2021 29-10-2021 RMB 0.55 100% 0%
26-07-2021 27-07-2021 30-07-2021 RMB 0.55 100% 0%
26-04-2021 27-04-2021 30-04-2021 RMB 0.5 100% 0%
25-01-2021 26-01-2021 29-01-2021 RMB 0.5 100% 0%
23-10-2020 27-10-2020 30-10-2020 RMB 0.55 100% 0%
27-07-2020 28-07-2020 31-07-2020 RMB 0.6 100% 0%
23-04-2020 24-04-2020 29-04-2020 RMB 0.65 100% 0%
23-01-2020 29-01-2020 31-01-2020 RMB 0.65 100% 0%
25-10-2019 28-10-2019 31-10-2019 RMB 0.65 100% 0%
25-07-2019 26-07-2019 31-07-2019 RMB 0.65 100% 0%
24-04-2019 25-04-2019 30-04-2019 RMB 0.65 100% 0%
25-01-2019 28-01-2019 31-01-2019 RMB 0.85 100% 0%
25-10-2018 26-10-2018 31-10-2018 RMB 0.85 100% 0%

*“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

Factsheet
Financial Reports
Offering Documents

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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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.

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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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