2803 HK

Premia CSI Caixin China Bedrock Economy ETF

[*] Market prices are provided on a 15-minute delayed basis. IOPV calculations and delayed market data as shown on the Hong Kong Website (the “data”) provided by ICE Data Services, see ICE Limitations. Powered by Factset. ICE Data Services and HKEX Information Services Limited, and their respective holding companies and/or any subsidiaries of such holding companies, do not guarantee the accuracy or reliability of the data provided and accept no liability (whether in tort or contract or otherwise) for any loss or damage you may suffer or incur arising out of or in connection with your use of the data, including loss or damage which arises out of the data being inaccurate, incomplete or delayed, and however such loss or damage arises. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of Premia CSI Caixin China Bedrock Economy ETF (the "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 CSI Caixin Rayliant Bedrock Economy Index (“Index”). Fundamental multi-factor weighted index risks The Index is a new fundamental multi-factor weighted index whereby constituents are selected and weighted based on certain quantitative investment factors. There can be no assurance that the Index will outperform the market at any time and it is possible that the Index may underperform capitalisation weighted indices or other benchmarks in some market environments, potentially for extended periods. The Index methodology of focusing on certain factors may lead to unintended portfolio concentration in specific industry sectors. Stock Connect associated risk The ETF will invest primarily in A - Shares via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively “Stock Connect”) and is subject to the Stock Connect associated risks, including quota limitations, and inability to invest in A Shares or access the PRC market if a suspension in the trading through the Stock Connect is effected. The relevant rules and regulations on Stock Connect are subject to change which may have potential retrospective effect. RMB currency and conversion risks The base currency of the ETF is RMB and the distributions are made in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Depreciation of RMB could adversely affect the value of investor’s investment. Non-RMB based investors are therefore exposed to foreign exchange risk. PRC market risks The ETF is subject to PRC market risks. The A-share market in the PRC is highly volatile and may be subject to potential settlement difficulties. Such volatility may result in suspension of A-shares or imposition of other measures by the PRC authorities affecting the dealing/trading of units and adversely affecting the value of the ETF. Securities exchanges in the PRC have the right to suspend or limit trading in any security traded on the relevant exchange. The PRC government or the regulators may also implement policies that may affect the financial markets. These may have a negative impact on the ETF. Distributions out of or effectively out of capital risks The Manager may at its discretion pay dividends out of the capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gain attributable to that original investment. Any such distributions may result in an immediate reduction in the NAV of the of the ETF. Trading risks The Units of the ETF are traded on the SEHK. The trading price of the Units is subject to market forces and may trade at a substantial premium or discount to the ETF's NAV. Termination risks In the event the ETF is terminated, a Unitholder may not be able to recover their capital invested and may suffer loss.

1.     Capture high quality contributors to China’s real economy: diversified sector exposure & balanced concentration risk
2.     Target value, quality and low volatility stocks: multi-factor fundamental strategy in partnership with CSI Caixin Rayliant
3.     Cost efficient exposure: Capped ongoing expenses of 0.50% p.a.
4.     To learn more about this strategy, click here
The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI Caixin Rayliant Bedrock Economy 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 via the Stock Connect.
Fund Inception Date
Oct 20, 2017
Fund Listing Date
Oct 24, 2017
Fund Financial Year End
31st December
Distribution Policy
Annual Distribution
Management Fees
0.50% per annum
Underlying Index
CSI Caixin Rayliant Bedrock Economy Index
Index Ticker
CSIR2927
Index Provider
China Securities Index Co. Ltd
Type of Index
Total Return Index
Base Currency
RMB
Exchange
SEHK – Main Board
Stock Code
2803 HK
ISIN
HK0000366176
SEDOL
BF0VNM0
Lot Size
500
Trading Currency
HKD
Shares Outstanding
(As of Nov 20, 2018)
72,000,000.00
Fund Size
(As of Nov 20, 2018)
427 million(RMB)
China Merchants Securities (HK) Co., Limited
Goldman Sachs (Asia) Securities Limited
Guotai Junan Securities (Hong Kong) Limited
Haitong International Securities Company Limited
Merrill Lynch Far East Limited
Commerzbank Aktiengesellschaft (Participating Agent BNP Paribas Securities Services)
ABN AMRO Clearing Hong Kong Limited
Canfield Securities Company Limited
(8 total)
1
Commerz Securities Hong Kong Limited
(1 total)
1
Performance Chart
YTD
6-month
1-year
Since Listing

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 RMB 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.

Cumulative
Calendar Year
YTD 1-month 3-month 6-month Since Listing
Premia CSI Caixin China Bedrock Economy ETF
(as of Nov 20, 2018)
-15.8% 5.6% 1.4% -12.8% -15.8%
CSI Caixin Rayliant Bedrock Economy Index
(as of Nov 20, 2018)
-15.3% 5.9% 2.0% -12.0% -15.6%

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 RMB 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.

Tracking Difference and Tracking Error
Tracking Difference (TD)
Tracking difference is the return difference between an ETF and its underlying benchmark / index over a certain period of time
Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark / index. It is the volatility (measured by standard deviation) of that return difference.
Graph for Tracking Difference
YTD
6-month
1-year
Since Listing
Fund Listing Date
Oct 24, 2017
Estimated Annual Tracking Difference
Actual TD since listing date:
as of Oct 31, 2018
-0.22%

The Sub-Fund's performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution (where applicable).

Recent Distribution
Ex Date [1]
-
Dividend (RMB per unit)
(all distributions will be in RMB only)
Yield (%) [2]
%
Dividend paid out of net distribution income [3]
%
Dividend effectively paid out of capital [4]
%
[1]
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 "Recent Distribution" table above. You should read the relevant offering document (including the key facts statement) of the Sub-Fund for further details including the risk factors.
[2]
Yield is calculated based on the dividend per unit divided by the ex-date NAV per unit. It is for reference only and does not represent the performance of the Sub-Fund. All dollar amounts are in HKD unless otherwise stated.
[3]
The net distributable income is the net investment income (i.e. include dividend income and interest income net of fees and expenses) based on unaudited management accounts.
[4]
The Sub-Fund pays dividend out of gross income while charging/paying all or part of the Sub-Fund’s fees and expenses to/out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividend out of capital.
As of Nov 20, 2018
Column Chooser
Name
Number of Shares Held
Market Price (RMB)
Weight %
Ping An Insurance (Group) Company of China Ltd 526,100.00 64.10 7.90%
China Merchants Bank Co Ltd 443,399.00 28.42 2.95%
Agricultural Bank of China Co Ltd 2,385,508.00 3.60 2.01%
Industrial and Commercial Bank of China Ltd 1,429,300.00 5.35 1.79%
Bank of Communications Co LTD 1,215,700.00 5.85 1.67%
Industrial Bank 416,100.00 15.88 1.55%
China State Construction Engineering Co Ltd 1,028,820.00 5.49 1.32%
Shanghai Pudong Development Bank Co Ltd 515,400.00 10.69 1.29%
China Minsheng Banking Corp Ltd 885,420.00 6.16 1.28%
China Petroleum & Chemical Corporation 838,000.00 6.06 1.19%
(272 total)
1
2
3
4
5
...
27
28

Holdings are subject to change.

As of Nov 20, 2018

This graph shows 99.52 % 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.