Premia Asia Innovative Technology ETF

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Important Notice

IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of the Premia Asia Innovative Technology ETF (“ETF”) for details, including the risk factors. Investors should not base investment decisions on this marketing material alone. Investors should note:

The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of Premia FactSet Asia Innovative Technology Index (“Index”). There can be no assurance that the ETF will achieve its investment objective.

Emerging markets risk
The Sub-Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk, currency devaluation, inflation and the likelihood of a high degree of volatility.

Technology sector and concentration risk
Due to the concentration of the Index in the technology sector, the performance of the Index may be more volatile when compared to other broad-based stock indices. The price volatility of the Sub-Fund may be greater than the price volatility of exchange traded funds tracking more broad-based indices.

Software, internet and related services industries risks
Many of the companies in the software, internet and related services industries have a relatively short operating history. Rapid changes could render obsolete the products and services offered by the companies in which the Sub-Fund invests and cause severe or complete declines in the prices of the securities of those companies. The internet business is subject to complex laws and regulations which are subject to change and uncertain interpretation.

Consumption sector risk
The performance of companies active in the consumer sector are correlated to the growth rate of the Asian consumer market, individual income levels and their impact on levels of domestic consumer spending in the Asian markets, which in turn depend on the worldwide economic conditions. These companies may also be subject to government regulation affection production methods, which may have an adverse impact on their operating results and profit margin.

Risks associated with N-Shares
Companies issuing N-Shares often have business operations in PRC and are subject to certain political and economic risks in the PRC. The American stock market may behave very differently from the PRC stock market, and there may be little to no correlation between the performance of the two.

Risks associated with P-Chips
P-Chips are subject to risks similar to those associated with investments in H-Shares. They are also subject to risks affecting their jurisdiction of incorporation, including any legal or tax changes.

Risks associated with Red Chips
Investing in Red Chips involves risks that political changes, social instability, regulatory uncertainty, adverse diplomatic developments, asset expropriation or nationalisation, or confiscatory taxation could adversely affect the performance of Red Chip companies. Red Chip companies may be less efficiently run and less profitable than other companies.

Risks associated with depositary receipts
Exposure to depositary receipts including American Depository Receipts (“ADRs”) may be subject to risks such as non-segregation under applicable law of the depositary bank who hold the underlying stock as collateral and its own assets. Holders of depositary receipts are not direct shareholders of the underlying company and generally do not have voting and other shareholder rights as shareholders do. The Sub-Fund may also be subject to liquidity risk as depositary receipts are often less liquid than the corresponding underlying stocks.

ChiNext market risks
The Sub-Fund’s investments in the ChiNext market of the SZSE may result in significant losses for the Sub-Fund and its investors. Risks include higher fluctuation on stock prices, over-valuation risk and differences in regulation and delisting risk.

Why 3181 HK?

1.   Capture Asian Innovation Megatrends in one product: Digital Transformation, Healthcare Innovation, and Robotics & Automation

2.   Target technology-enabled innovation leaders in Asia: revenue-based company selection in partnership with FactSet

3.   Cost efficient exposure: ongoing expenses of only 0.5% p.a.

4.   To learn more about this strategy, click here

Fund Objective and Investment Strategy

The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the Premia FactSet Asia Innovative Technology Index (“Index”). There can be no assurance that the Sub-Fund will achieve its investment objective.

In seeking to achieve the Sub-Fund’s investment objective, the Manager will use an optimised representative sampling strategy by investing, directly or indirectly, in a representative sample of the securities in the Index that collectively reflects the investment characteristics of the Index.

NAV

Key Facts

Fund Inception DateAug 1, 2018
Fund Listing DateAug 6, 2018
Fund Financial Year End31st December
Distribution PolicyAnnual Distribution
Management Fees0.50% per annum
Underlying IndexPremia FactSet Asia Innovative Technology Index
Index TickerPFAITN Index
Index ProviderFactSet Research Systems Inc.
Type of IndexNet Total Return Index
Base CurrencyUSD
ExchangeSEHK – Main Board
Stock Code3181 HK (HKD Counter)
9181 HK (USD Counter)
ISINHK0000433398 (3181 HK)
HK0000433406 (9181 HK)
SEDOLBZ56Q32 (3181 HK)
BZ56Q21 (9181 HK)
Lot Size50 units (HKD Counter)
50 units (USD Counter)
Trading CurrencyHKD/USD
Shares Outstanding
(As of Aug 22, 2019)
650,000
Fund Size
(As of Aug 22, 2019)
6 million (USD)

Participating Dealers

China Merchants Securities (HK) Co., Limited
Goldman Sachs (Asia) Securities Limited
Haitong International Securities Company Limited
Merrill Lynch Far East Limited
ABN AMRO Clearing Hong Kong Limited
Canfield Securities Company Limited
Guotai Junan Securities (Hong Kong) Limited
KGI Asia Limited
Cathay Securities (Hong Kong) Limited
SG Securities (HK) Limited
(10 total) 1

Market Makers

Flow Traders Hong Kong Limited
KGI Asia Limited
(2 total)1

Performance

Performance Chart

The fund is listed for less than a full calendar year, there is insufficient data to provide a useful indication of past performance to investors.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.

These figures show by how much the fund increased or decreased in value during the period shown.

Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.

Where no past performance is shown there was insufficient data available in that year to provide performance.

YTD 1 Month 6 Month 1 Year Since Listing
Premia Asia Innovative Technology ETF
(As of Aug 22, 2019)
15.6% 1.6% -0.8% -5.9% -8.2%
Premia FactSet Asia Innovative Technology Index
(As of Aug 22, 2019)
16.2% 1.7% -0.5% -5.5% -7.9%

The fund is listed for less than a full calendar year, there is insufficient data to provide a useful indication of past performance to investors.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.

These figures show by how much the fund increased or decreased in value during the period shown.

Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.

Where no past performance is shown there was insufficient data available in that year to provide performance.

Portfolio Holdings

As of Aug 22, 2019
Name Country Number of
Share Held
Market Price
(RMB)
Weight %
PINDUODUO INC-ADR China 5,655 30.59 2.97%
SUNNY OPTICAL TECH China 11,800 13.52 2.74%
TOKYO ELECTRON LTD Japan 800 181.28 2.49%
HANGZHOU HIKVISION DIGITAL-A China 30,600 4.48 2.36%
ZHEJIANG DAHUA TECHNOLOGY-A China 56,000 2.42 2.33%
OTSUKA HOLDINGS CO LTD Japan 3,200 41.22 2.29%
DAIICHI SANKYO CO LTD Japan 2,000 66.57 2.29%
BEIGENE LTD China 11,800 11.24 2.28%
LARGAN PRECISION CO LTD Taiwan 1,000 125.41 2.18%
ALIBABA GROUP HOLDING-SP ADR China 738 171.91 2.18%
(50 total)1 2 3 4 5
Holdings are subject to change.

Sector Exposure

As of Aug 22, 2019

This graph shows 99.2% of the total weight.

As a percentage of NAV of the Sub-Fund, please note this data excludes underlying investments of any exchange traded funds that may be invested by the Sub-Fund.

Based on Global Industry Classification Standard (GICS)

The sum of all the allocation percentages shown in the table above may not be equal to 100% due to rounding or omissions of holdings of less than 1%.

Allocations are subject to change.

 

Country Exposure

As of 2019-08-22

This graph shows 99.2% of the total weight.

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business. Due to rounding, the total may not be equal to 100%. As a percentage of NAV of the Fund.