|Hong Kong Authorized UCITS|
|Ping An of China Asset Management Fund -|
|China A-Shares AI Multi-Factor Fund|
Important information: The Fund mainly invests in A-Shares. The Fund uses multi-factor models and advanced artificial intelligence as part of its stock selection process. The Fund is subject to the key risks associated with equities, geographic concentration in Mainland China, artificial intelligence and RMB. The Fund may invest in A-Shares via the Stock Connect, which is subject amongst others to quota limitations, suspension risk and operational risks.
The Fund's net derivative exposure may be up to 50% of the Sub-Fund's net asset value. The use of financial derivative instruments may involve additional risks.
You should not make investment decision on the basis of this marketing material alone. Please read the Hong Kong Offering Documents for details and risk factors.
Investors are responsible for their investment decisions and should ensure that the intermediary has advised on Sub-Fund's suitability and consistency with their investment objective. If in doubt, please seek independent financial and professional advice.
|Fund Manager||Ping An of China Asset Management (Hong Kong) Co. Ltd|
|Fund Size||CNH 163.3 million (31/7/2023)|
|Base Currency||CNH (Offshore RMB)|
RE – USD – Unhedged (R) USD 66.77
RE – CNH – Unhedged (R) RMB 75.13
CNH S R CNH 104.87
|Dealing Frequency||Daily (Business Day in Luxembourg, mainland China, and Hong Kong) except any day on which Stock Connect is closed for trading|
|Dividend Policy||No Distribution to Shareholders|
The Fund aims to achieve stable excess returns above CSI 300 Total Return Index as the benchmark.
The Fund will primarily invest at least 70% of its net assets in A-Shares of companies issued in the People's Republic of China ("PRC") and listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange ("China A-Shares") through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs ("Stock Connect"). The Fund may invest up to 50% of its net assets in China A-Shares listed on the ChiNext market and/or the Science and Technology Innovation Board (the "STAR Board").
|Minimum Initial Investment Amount:||Class RE Shares USD 10,000|
|Minimum Holding Amount:||Class RE Shares USD 5,000|
|Minimum Subsequent Investment Amount:||Class RE Shares USD 5,000|
|Minimum Redemption Amount:||Class RE Shares USD 5,000|
|Subscription Fee:||Up to 5.0%|
|Switching Fee:||Nil (Shareholders may request for the end of a month switching of their shares from one Class to the same Class of another Sub-Fund)|
|Financial Year End:||31 December|
|Management Company:||Carne Global Fund Managers (Luxembourg) S.A.|
|Custodian & Administrator:||HSBC Continental Europe, Luxembourg|
|ISIN Codes||RE – USD – Unhedged (R) LU2069555972|
RE – USD – Hedged (R) LU2069556194
RE – CNH – Unhedged (R) LU2069568876
|For the month of||Payment Date||Dividend per share||Dividend paid out of net distributable income ^||Dividend paid out of capital|
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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. Investors should read the relevant offering document (including the key facts statement) of the Fund for further details including the risk factors.
^ “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" cannot include net unrealised gains. "Net distributable income" which is not declared and paid as dividends in a period of a financial year can be carried forward as net distributable income for the next period(s) within the same financial year. “Net distributable income" that has been accrued as at the end of a financial year and is declared and paid as dividends at the next distribution date immediately after that financial year end could be treated as "net distributable income" in respect of that financial year. However, "net distributable income" which has been accrued as at the end of a financial year but is not declared and paid as dividends at the next distribution date immediately after that financial year end should be included as "capital" for the next financial year. Where the Fund may pay dividend out of gross income while charging / paying all or part of the Fund's fees and expenses to / out of capital, the amount of fees and expenses that has been paid out of capital has to be deducted from the gross investment income in order to come up with the "net distributable income".