E Fund Management (Hong Kong) Co., Limited

E Fund (HK) RMB Fixed Income Fund

Important Notes Fund Information Portfolio Allocation Performance Distribution History Announcements Notices Documents Distributors FAQ

Investment Objective and Strategy

Investment Objective and Policy

E Fund (HK) RMB Fixed Income Fund seeks to achieve long term capital growth in RMB terms through investment in a portfolio consisting primarily of RMB denominated and settled fixed income debt instruments which aim to generate a steady flow of income in addition to capital appreciation for the Sub-Fund.

The Sub-Fund will invest at least 70% of its Net Asset Value in:

(i) RMB denominated and settled debt instruments issued or distributed within China that are traded on the interbank bond market and the listed bond market;

(ii) fixed income funds which are authorised by the China Securities Regulatory Commission (“CSRC”) for offer to the retail public in China; and

(iii) debt instruments issued outside of China and denominated in RMB.

The Sub-Fund may invest in urban investment bonds (城投債) (i.e. debt instruments issued by local government financing vehicles (“LGFVs”) and traded in the PRC exchange-traded bond markets and inter-bank bond market). These LGFVs are separate legal entities established by local governments and/or their affiliates to raise financing for local development, public welfare investment and infrastructure projects. The exposure to urban investment bonds (城投債) may be up to 100% of the Sub-Fund’s Net Asset Value.

The Sub-Fund may invest less than 30% of its Net Asset Value in debt instruments issued or traded outside China, which may be denominated in USD. The debt instruments in which the Sub-Fund may invest are issued by governments, quasi-government organisations, multinational organisations, financial institutions and other corporations, and include fixed rate or floating rate debt securities, convertible bonds (issued and/or guaranteed by issuers such as corporations, financial institutions and banks), commercial papers, short term bills and notes. The Sub-Fund will not invest in contingent convertible bonds.

The Sub-Fund may also invest in fixed income funds and/or equity funds which are issued and offered outside China. The aggregate investments in fixed income funds and equity funds (whether authorised by the CSRC for offer to the retail public in China or issued and offered outside China) will be up to 10% of the Net Asset Value of the Sub-Fund.

The Sub-Fund may invest up to 10% of its total Net Asset Value in asset backed securities (including asset backed commercial papers).

At least 70% of the Onshore Debt Securities (i.e. debt securities issued within China) invested by the Sub-Fund will be issued by governments and quasi-government organisations, or have a minimum credit rating of AA as rated by one of the credit rating agencies in China. The Sub-Fund will not invest in Onshore Debt Securities which are rated BB+ or below as rated by one of the credit rating agencies in China or unrated debt instruments (i.e. debt instruments which neither the debt instrument itself nor its issuer has a credit rating).

For Offshore Debt Securities (i.e. debt securities issued outside China), the Sub-Fund does not impose any credit rating requirement (and these securities may be rated BB+ or below by any credit rating agencies or unrated).

The Sub-Fund will not invest more than 10% of its Net Asset Value in debt securities issued and/or guaranteed by a single sovereign issuer (including its government, public or local authority) which is below investment grade and/or unrated.

The Sub-Fund may also invest in other RMB denominated and settled near-cash instruments issued within or outside China, such as bank certificates of deposit, bank deposits and negotiated term deposits with banks.

Exposure to debt securities issued within China will be through the RQFII quotas of the Manager, investing in the China Interbank Bond Market under the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.Exposure through the Foreign Access Regime will be less than 70% of the Sub-Fund’s Net Asset Value.

The Sub-Fund may invest in derivatives (including but not limited to swaps, futures and deliverable and non-deliverable forwards) for hedging purposes only. The Sub-Fund will not invest in any derivatives for investment purpose. The Sub-Fund will not invest in structured deposits or products.

The Manager may, on behalf of the Sub-Fund, enter into sale and repurchase and/or reverse repurchase transactions outside China for up to 20% of the Net Asset Value of the Sub-Fund with a view to creating additional income. For the avoidance of doubt, the aggregate exposure of sale and repurchase transactions with the Sub-Fund’s borrowing will be up to 25% of the Sub-Fund’s Net Asset Value. Further details on the Manager’s policy for such transactions are included in Schedule 2 of the Explanatory Memorandum.

The Manager will not enter into any securities lending or other securities financing transactions in respect of the Sub-Fund.

Fund Information

HKD

RMB

USD

Class A (Dis) RMB

Class I (Dis) RMB

Class A (Acc) RMB

Class I (Acc) RMB

Class A (Acc) USD

Class A (Acc) HKD

Class A (Dis) USD

Class A (Dis) HKD

Class I (Dis) USD

Class I (Dis) HKD

Class I (Acc) USD

Class I (Acc) HKD

Class T USD (accumulation)

Class T USD (distribution)

Class T RMB (accumulation)

Class T RMB (distribution)

Class A (Acc) Hedged USD

Class A (Dis) Hedged USD

Class I (Acc) Hedged USD

Class I (Dis) Hedged USD

*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.*Please note that these fees may be increased up to a permitted maximum on giving 1 month’s notice to unitholders. Please refer to the section of the prospectus entitled “Fees and Expenses” for further details of the fees and charges payable.

Disclaimer

The Manager currently intends to make dividend distribution in respect of the Class A (distribution) and Class I (distribution); actual dividend payout will be subject to the Manager’s discretion. The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12 months are available by the Manager on request and on the website of the Manager at www.efunds.com.hk. Dividend rate is not indicative of fund performance. A positive dividend yield does not imply a positive return. Past dividend rate is not indicative of future dividend rate. Net asset value of the funds may volatile subject to market factors. Investment returns are denominated in the Fund’s base currency. Where the Fund’s base currency is not US/HK Dollars, US/HK Dollar-based investors are exposed to exchange rate fluctuations.

E Fund Management (Hong Kong) Co., Limited is the issuer of this report. This report is neither an offer nor solicitation to purchase units of the fund; applications for units may only be made on forms of application available with the Explanatory Memorandum. Investments are subject to investment risks, fund value may go up as well as down and past performance is not indicative of future performance. The investment returns are denominated in RMB. HK dollar-based investors are therefore exposed to fluctuations in the HK dollar/RMB exchange rate and investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Investors should read carefully the Explanatory Memorandum (including the section “Risk Factors”) for the relevant risks associated with the investment in the fund before investing.

Distribution of this report may be restricted in certain jurisdictions. This report does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a report or make such an offer or solicitation. This report is exempted from pre-vetting and authorization by the Securities and Futures Commission of Hong Kong and has not been reviewed by the Securities and Futures Commission of Hong Kong.

SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

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Terms and Conditions

E Fund Management (Hong Kong) Co., Limited does not make representation that information and materials on this site are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this site are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the site in its entirety including any legal or regulatory jurisdictions.

To the best of its knowledge and belief, E Fund Management (Hong Kong) Co., Limited considers the information contained herein is accurate as at the date of publication. However, no warranty is given on the accuracy, adequacy or completeness of the information provided by third party. Neither E Fund Management (Hong Kong) Co., Limited, nor its affiliates, directors and employees assume any liabilities in respect of any errors or omissions provided by third party on this website. Under no circumstances should this information or any part of it be copied, reproduced or redistributed.

Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should not only base on this marketing material alone to make investment decisions. This website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: E Fund Management (Hong Kong) Co., Limited

The information provided herein is for informational purposes only and is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. Information posted on this site is current only as at the date of posting and may no longer be true or complete when viewed by you. All information contained herein may be changed or amended without prior notice, although E Fund Management (Hong Kong) Co., Limited does not undertake to update this site regularly.
Should the viewer leave this site via a link contained herein, and view content that is not provided by the E Fund Management (Hong Kong) Co., Limited, the viewer does so at its own risk. E Fund Management (Hong Kong) Co., Limited is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. E Fund Management (Hong Kong) Co., Limited makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party or have any responsibility, including without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.
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Jurisdiction and Governing Law

These Terms shall be governed by, and shall be construed in accordance with, the laws of Hong Kong. The courts of Hong Kong shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit to the jurisdiction of the courts of Hong Kong. Each party hereby waives any objection which it might at any time have to the courts of Hong Kong being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Hong Kong are not a convenient or appropriate forum.

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Manager	E Fund Management (Hong Kong) Co., Limited	Inception Date	28 Feb, 2012
Base Currency	RMB	Management Fee* (% Net Asset Value of the Sub-Fund per annum)	1.00%
Subscription Fee	Up to 3%	Switching Fee	Nil
Redemption Fee	Nil	Dealing & Trading Frequency	Daily
Minimum First Subscription Amount(RMB)	500	Minimum Subsequent Subscription Amount(RMB)	500
Current NAV(RMB)As of25 Jul, 2022	109.13	Trustee	Bank of Communications Trustee Limited
Historical NAV	Download	ISIN Code	HK0000102118
Bloomberg Ticker	EFFMBFA HK

Manager	E Fund Management (Hong Kong) Co., Limited	Inception Date	28 Feb, 2012
Base Currency	RMB	Management Fee* (% Net Asset Value of the Sub-Fund per annum)	0.50%
Subscription Fee	Up to 3%	Switching Fee	Nil
Redemption Fee	up to 0.15% if redemption takes place within 6 months of the issue of the relevant Units	Dealing & Trading Frequency	Daily
Minimum First Subscription Amount(RMB)	1,000,000	Minimum Subsequent Subscription Amount(RMB)	1000000
Current NAV(RMB)As of25 Jul, 2022	-	Trustee	Bank of Communications Trustee Limited
Historical NAV	Download	ISIN Code	HK0000102126
Bloomberg Ticker	EFFMBFI HK

Manager	E Fund Management (Hong Kong) Co., Limited	Inception Date	28 May, 2015
Base Currency	RMB	Management Fee* (% Net Asset Value of the Sub-Fund per annum)	1.00%
Subscription Fee	Up to 3%	Switching Fee	Nil
Redemption Fee	Nil	Dealing & Trading Frequency	Daily
Minimum First Subscription Amount(RMB)	500	Minimum Subsequent Subscription Amount(RMB)	500
Current NAV(RMB)As of25 Jul, 2022	120.26	Trustee	Bank of Communications Trustee Limited
Historical NAV	Download	ISIN Code	HK0000224300
Bloomberg Ticker	EFFBAAR HK

Manager	E Fund Management (Hong Kong) Co., Limited	Inception Date	Not yet launched
Base Currency	RMB	Management Fee* (% Net Asset Value of the Sub-Fund per annum)	0.50%
Subscription Fee	Up to 3%	Switching Fee	Nil
Redemption Fee	up to 0.15% if redemption takes place within 6 months of the issue of the relevant Units	Dealing & Trading Frequency	Daily
Minimum First Subscription Amount(RMB)	1,000,000	Minimum Subsequent Subscription Amount(RMB)	1000000
Current NAV(RMB)As of25 Jul, 2022	-	Trustee	Bank of Communications Trustee Limited
Historical NAV	Download	ISIN Code	HK0000224334
Bloomberg Ticker	EFFBIAR HK

Manager	E Fund Management (Hong Kong) Co., Limited	Inception Date	19 Dec, 2014
Base Currency	RMB	Management Fee* (% Net Asset Value of the Sub-Fund per annum)	1.00%
Subscription Fee	Up to 3%	Switching Fee	Nil
Redemption Fee	Nil	Dealing & Trading Frequency	Daily
Minimum First Subscription Amount(USD)	100	Minimum Subsequent Subscription Amount(USD)	100
Current NAV(USD)As of25 Jul, 2022	11.05	Trustee	Bank of Communications Trustee Limited
Historical NAV	Download	ISIN Code	HK0000224326
Bloomberg Ticker	EFFBAAU HK