Hong Kong Authorized Unit Trusts |
Ping An of China Select Investment Fund Series - |
Ping An Money Market Fund |
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) Company Limited |
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Fund inception date | 30/03/2021 |
Fund size | USD 1,817 million (31/05/2024) |
Base currency | USD |
Unit price | Class I USD 111.2344 |
Class I HKD 1007.1889 | |
Class P USD 110.7688 | |
Class M USD 109.8139 | |
Dealing frequency | Daily (1) |
Dividend policy | No distribution to Unitholders |
Fund Objective |
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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. |
Fund Strategy |
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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. |
General Information | |
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Minimum investment (initial / subsequent) / minimum holding (aggregate minimum value of Units held) / minimum redemption (aggregate minimum value of Units redeemed): | Class P USD: USD 1 Class P HKD: HKD 1 Class P RMB: RMB 1 Class M USD: USD 1 Class M HKD: HKD 1 Class M RMB: RMB 1 Class I USD: USD 1 Class I HKD: HKD 1 Class I RMB: RMB 1 |
Subscription fee | Up to 3.0% |
Switching fee | Nil |
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 |
Codes | |
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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 (%) | |||||||
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1 month | 3 months | 6 months | YTD | Since Inception* | |||
0.4375% | 1.3736% | 2.8025% | 2.8841% | 11.2344% |
* Since inception on 30 Mar 2021. Total return performance is based on NAV-to-NAV, in USD.
Class P USD : Cumulative Performance (%) | |||||||
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1 month | 3 months | 6 months | YTD | Since Inception* | |||
0.4298% | 1.3573% | 2.7733% | 2.8542% | 10.7688% |
* Since inception on 16 Sep 2021. Total return performance is based on NAV-to-NAV, in USD.
Class M USD : Cumulative Performance (%) | |||||||
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1 month | 3 months | 6 months | YTD | Since Inception* | |||
0.3977% | 1.2489% | 2.5486% | 2.6230% | 9.8139% |
* Since inception on 22 Jul 2021. Total return performance is based on NAV-to-NAV, in USD.
The performance quoted represents past performance of the Fund. Investment return and principal value of an investment will fluctuate so that an investor's units, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Past performance may not be repeated and is no guide for future returns.
Annualized Net Yield and Yield to Maturity are available to investors upon request.
Documents | ||||
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1. | Explanatory Memorandum | View | ||
2. | Product Key Facts | View | ||
3. | Annual Report | View | ||
4. | Interim Report | View | ||
5. | Monthly Fund Fact Sheet | View |
Notices | |||
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1. | Notice to Unitholders (06/05/2024) | View | |
2. | Notice to Unitholders (04/01/2024) | View | |
3. | Notice to Unitholders (29/09/2023) | View | |
4. | Notice to Unitholders (12/07/2023) | View | |
5. | Notice to Unitholders (01/12/2022) | View | |
6. | Notice to Unitholders (24/10/2022) | View | |
7. | Notice to Unitholders (31/08/2021) | View | |
8. | Notice to Unitholders (06/05/2021) | View |
(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.