| Hong Kong Authorized UCITS |
| Ping An of China Asset Management Fund - |
| Emerging Market Income Fund |
Risk Disclosure
Important information: The Fund invests mainly in debt securities issued in emerging market countries. The Fund is subject to the key risks associated with debt securities, emerging markets, below investment grade securities and volatility and liquidity.
Investments in emerging markets may involve a greater risk than developed markets and the likelihood of a high volatility.
The Fund's net derivative exposure may be up to 50% of the Fund's net asset value. The use of financial derivative instruments may involve additional risks. In respect of distributing share classes, the Sub-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 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 | 3/9/2018 |
| Fund Size | USD 50.9 million (31/7/2023) |
| Base Currency | USD |
| NAV (21/09/2023) | Class RE – USD – Unhedged (D) USD 78.70 Class RE – HKD – Unhedged (D) HKD 79.22 USD UH S R USD 92.17 USD AIN R USD 83.74 USD AIN D USD 72.58 |
| 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 maximize total returns on a rolling twelve month basis with target levels of volatility comparable to various fixed income asset market conditions, by investing in debt securities of emerging market countries. The Fund aims to achieve absolute return from investment income and long term capital appreciation. |
Fund Strategy |
|---|
The Fund will invest at least 60% of its net assets in bonds, debt securities, convertible instruments issued by governments, government agencies and/or companies that have their registered office in, are located in or do most of their business in emerging market countries (i.e. countries that are in the MSCI ACWI and Frontier Markets Index (MXWDFM Index). |
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) LU1859396266 Class RE – USD – Unhedged (D) LU1859396183 Class RE – HKD – Unhedged (R) LU1859402502 Class RE – HKD – Unhedged (D) LU1859402411 Class RE – CNH – Unhedged (R) LU1859398551 Class RE – CNH – Unhedged (D) LU1859398478 Class RE – CNH – Hedged (R) LU1859399286 Class RE – CNH – Hedged (D) LU1859399104 |
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".