Investment involves risks. Please refer to the Explanatory Memorandum for details including the risk factors.
|Fund Manager||Ping An of China Asset Management (Hong Kong) Co. Ltd.|
|Fund inception date||30/03/2021|
|Fund size||USD 51.00 million (31/03/2021)|
|Unit price||Class I USD 100.0297|
|Dealing frequency||Daily (1)|
|Dividend policy||No distribution to Unitholders|
Ping An of China SIF-Ping An Money Market Fund (the "Fund") seeks to achieve a return in USD in line with prevailing money market rates by investing in short-term deposits and high quality money market instruments.
The Fund seeks to achieve its investment objective by investing primarily (i.e. not less than 70% of its NAV) in USD-denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations and financial institutions. The Fund may invest up to 30% of its NAV in non USD-denominated deposits and high quality money market instruments.
High quality money market instruments include debt securities, commercial papers, certificates of deposits and commercial bills. Debt securities invested by the Fund include but are not limited to government bonds, fixed and floating rate bonds. The Fund may invest in onshore China debt securities via the mutual bond market access between Hong Kong and Mainland China (“Bond Connect”).
The Fund will only invest in debt securities rated investment grade or above by an independent rating agency. A short-term debt security is considered investment grade if its credit rating is A-3 or higher by Standard & Poor’s or F3 or higher by Fitch Ratings or P-3 or higher by Moody’s or equivalent rating as rated by one of the international credit rating agencies. For short-term onshore China bonds, an investment grade rating is a minimum credit rating of AAA, as rated by one of the credit rating agencies in China.
Short-term deposits (e.g. certificates of deposits) invested by the Fund will be issued by investment grade-rated banks or substantial financial institutions, as defined in the Code on Unit Trusts and Mutual Funds.
(initial / subsequent) /
(aggregate minimum value of Units held) /
(aggregate minimum value of Units redeemed):
|Class P USD: USD 100|
Class P HKD: HKD 1,000
Class P RMB: RMB 1,000
Class M USD: USD 1
Class M HKD: HKD 1
Class M RMB: RMB 1
Class I USD: USD 1,000
Class I HKD: HKD 10,000
Class I RMB: RMB 10,000
|Subscription fee||Up to 3.0%|
|Management fee#||Class P: up to 0.30% p.a.|
Class M: up to 0.60% p.a.
Class I: up to 0.10% p.a
|Financial year end||30 June|
|Trustee||BOCI-Prudential Trustee Limited|
|ISIN Code||(Class P USD) HK0000720752;|
(Class P HKD) HK0000720760;
(Class P RMB) HK0000720778;
(Class M USD) HK0000720786;
(Class M HKD) HK0000720794;
(Class M RMB) HK0000720802;
(Class I USD) HK0000720810;
(Class I HKD) HK0000720828;
(Class I RMB) HK0000720836
|Bloomberg Code||Class P USD PIAMMUS HK;|
Class P HKD PIAMMCP HK;
Class P RMB PIAMCNY HK;
Class M USD PIAMUSD HK;
Class M HKD PIAMMCM HK;
Class M RMB PIAMMCY HK;
Class I USD PIAMIUS HK;
Class I HKD PIAMMCI HK;
Class I RMB PIAMICN HK
Class I USD : Cumulative Performance (%)
|1 month||3 months||6 months||YTD||Since Class Inception|
Total return performance is based on NAV-to-NAV, in USD.
Class I USD : Calendar Year Performance (%)
|2021*||Since Class Inception|
* Since DDMMYYYY to DDMMYYYY.
(1) The Fund will have dealing on any Business Day.
# Unitholders shall be given not less than one month’s prior notice should the Management Fee or Trustee Fee be increased from the current level up to the maximum level as disclosed in the Explanatory Memorandum.