| Hong Kong Authorized UCITS |
| Ping An of China Asset Management Fund - |
| China High Yield Private Strategy Bond Fund |
Risk Disclosure
Important information: The Fund mainly invests in below investment grade debt securities issued in Mainland China. The Fund is subject to the key risks associated with debt securities, geographic concentration in Mainland China, below investment grade securities, volatility and liquidity and RMB. Below investment grade securities are generally subject to lower liquidity, higher volatility and greater risk of loss of principal than higher rated debt securities.
The Fund is also exposed to risks relating to securities lending transactions, repurchase agreements and reverse repurchase agreements. 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. In respect of distributing share classes, the Fund may make distributions effectively out of capital. This would amount to a return or withdrawal of part of the amount of an investor's original investment, or from any capital gains attributable to that original investment. This may result in an immediate decrease in the NAV per share.
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 Information
| Fund Manager | Ping An of China Asset Management (Hong Kong) Co. Ltd |
|---|---|
| Fund Inception | 8/11/2019 |
| Fund Size | USD 26.1 million (31/7/2023) |
| Base Currency | USD |
| NAV (21/09/2023) | Class RE – USD – Unhedged (D) USD 64.12 Class RE – HKD – Unhedged (D) HKD 64.54 USD S R USD 70.73 |
| Dealing Frequency | Daily (Business Day in Luxembourg and Hong Kong) |
| Dividend Policy | Dividends, if any, will be declared in June and/or December and distributed out of the net income of the Fund semi-annually. Dividends are only applicable to Distribution (D) Share Classes. |
Fund Objective |
|---|
The Fund aims to achieve absolute return from investment income and long term capital appreciation by primarily investing in high yield securities issued by sovereign, sovereign agencies and/or companies having their main operations in Mainland China. |
Fund Strategy |
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The Fund will invest at least 70% of its net assets in debt securities issued by sovereign and/or sovereign agencies in Mainland China or companies having their main operations in Mainland China. The Fund may invest up to 100% of its net asset in debt securities that at the time of acquisition have a rating of BB+ or below (by Standard & Poor's or an equivalent international agency which shall not include Mainland Chinese credit agencies). |
General Information | |
|---|---|
| Minimum Initial Investment Amount: | Class RE Shares USD 10,000 |
| Minimum Holding Amount: | Class RE Shares USD 10,000 |
| Minimum Subsequent Investment Amount: | Class RE Shares USD 10,000 |
| Minimum Redemption Amount: | Class RE Shares USD 10,000 |
| Subscription Fee: | 1.00% |
| Switching Fee: | 0.2% (Shareholders may request switching of their shares from one Class to the same Class of another Sub-Fund) |
| Redemption Fee: | 0.60% |
| Management Fee: | 2.00% |
| Financial Year End: | 31 December |
| Management Company: | Carne Global Fund Managers (Luxembourg) S.A. |
| Custodian & Administrator: | HSBC Continental Europe, Luxembourg |
Codes | |
|---|---|
| ISIN Codes | Class RE – USD – Unhedged (R) LU2069525553 Class RE – USD – Unhedged (D) LU2069525637 Class RE – HKD – Unhedged (R) LU2069526528 Class RE – HKD – Unhedged (D) LU2069526791 Class RE – CNH – Unhedged (R) LU2069560386 Class RE – CNH – Unhedged (D) LU2069560469 Class RE – CNH – Hedged (R) LU2069560543 Class RE – CNH – Hedged (D) LU2069560626 |
Class RE – USD – Unhedged (D) Composition of the Dividend Payments
| For the month of | Payment Date | Dividend per share | Dividend paid out of net distributable income ^ | Dividend paid out of capital |
|---|---|---|---|---|
| No results found | ||||
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".