Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the Wind Digital Technology Net Total Return Index (HKD) (the “Index”).

Strategy

In seeking to achieve the Sub-Fund’s investment objective, the Manager will either use a full replication strategy or a representative sampling strategy as the Manager believes to be appropriate in order to achieve the investment objective of the Sub-Fund by tracking the Index as closely as possible to the benefit of the investors. The Sub-Fund may switch between the full replication strategy and the representative sampling strategy in its absolute discretion without prior notice to investors.

In pursuing the full replication strategy, the Sub-Fund will invest in substantially all securities constituting the Index (the “Index Securities”) which are common stocks securities listed on the SEHK, New York Stock Exchange, the Nasdaq Stock Exchange and the NYSE American Stock Exchange in substantially the same weightings (i.e. proportions) as these Index Securities have in the Index.

In pursuing the representative sampling strategy, the Manager may:

1. invest in a representative sample whose performance is closely correlated with the Index, but whose constituents may or may not themselves be constituents of the Index; 
2. invest less than 30% of the Sub-Fund’s NAV in collective investment schemes (“CIS”), each being either an exchange traded fund or an unlisted index tracking fund which tracks an index that has a high correlation with the Index. Such CIS may be authorised by the SFC, eligible schemes under Chapter 7.11A of the Code, or non-eligible schemes. For the avoidance of doubt, the Sub-Fund’s aggregate investment in non-eligible schemes and not authorised by the SFC may not exceed 10% of the NAV of the Sub-Fund; and/or
3. invest in financial derivative instruments including futures and swaps with less than 30% of the Sub-Fund’s NAV for investment and hedging purposes, where the Manager believes such investments will help the Sub-Fund achieve its investment objective and are beneficial to the Sub-Fund. 

In pursuing a representative sampling strategy, the Manager may cause the Sub-Fund to deviate from the Index weighting on condition that the maximum deviation from the Index weighting of any constituent will not exceed 3% or such other percentage as determined by the Manager after consultation with the SFC. 

Other investments

The Sub-Fund may invest in money market funds (subject to the investment restrictions as set out in Chapter 7 of the Code), and in cash deposits and cash equivalents for cash management purposes, up to 5% of its NAV.

The Manager may, on behalf of the Sub-Fund, enter into securities lending transactions, with the maximum level for up to 50% and expected level for approximately 20% of its NAV, and is able to recall the securities lent out at any time.  As part of the securities lending transactions, the Sub-Fund must receive cash and/or non-cash collateral of at least 100% of the value of the securities lent (interests, dividends and other eventual rights included).  The collateral will be marked-to-market on a daily basis and be safekept by the Custodian.  Please refer to the section “Securities Financing Transactions” under “Investment Objective, Strategy and Restrictions” of Part 1 of the Prospectus and the Appendix of the Sub-Fund in Part 2 of the Prospectus regarding details of the arrangements.

Currently the Manager has no intention to enter into sale and repurchase or reverse repurchase transactions and other similar over-the-counter transactions on behalf of the Sub-Fund. The Manager will seek the prior approval of the SFC (if required) and provide at least one month’s prior notice to Unitholders before the Manager engages in any such investments.

The investment strategy of the Sub-Fund is subject to the investment and borrowing restrictions set out in the Prospectus.

Index  

The Index is a net total return, adjusted market capitalisation weighted index that mainly tracks the overall performance of companies listed in Hong Kong and the United States with digital technology themes. Constituent companies may include companies listed on the SEHK and United States companies that are listed on the New York Stock Exchange, the Nasdaq Stock Exchange and the NYSE American Stock Exchange. Constituents of the Index are securities of companies from the following themes: digital technology and service providers, digital infrastructure validation technology, digital asset transactional technology, and enterprises utilising digital technology for treasury management (the “Digital Technology Themes”). Eligible securities falling within the Digital Technology Themes will be identified by a combination of Wind Global Industry Classification Standard and the Wind systematic term-based screening. The maximum weight of a single component of the Index is 15%. Weights are assigned based on the adjusted market capitalisation, with a distribution of 65% for Hong Kong-listed components that are eligible for the Stock Connect program and 35% for United States-listed components. 

The rebalancing of the Index occurs on the trading day following the third Friday of March, June, September and December each year. 

The Index is compiled and published by Wind Information Technology Co., Ltd (the “Index Provider”).  The Manager (and each of its Connected Persons) are independent of the Index Provider. 

The Index is calculated and disseminated in HKD.  The Index was launched on 25 September 2025 and had a base level of 1,000 on 18 September 2020. As of 31 December 2025, the Index had a total market capitalisation of HKD13,626.5 billion and 30 constituents. 

The constituents of the Index together with their respective weightings and additional information of the Index are published at the website of the Index Provider at https://www.windindices.com/indices/en/IndexF9/2a8c93d8a26197e9691946d6634f1407 (this website has not been reviewed by the SFC).

Index Code (Wind): 8610183N.WI

* Please refer to the Appendix of the Sub-Fund in Part 2 of the Prospectus regarding details of the calculation of the Wind Thematic Correlation Coefficient Scoring Rules.