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E Fund (HK) HKEX Tech 100 Index Fund
Important Notes Fund Information Portfolio Allocation Performance Distribution History Announcements Notices Documents Distributors
Investment Objective and Strategy
Objective

The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the HKEX Tech 100 Net Total Return Index (the “Index”). There is no assurance that the Sub-Fund will achieve its investment objective.
Strategy

The Sub-Fund is a feeder fund which, in seeking to achieve its investment objective, will invest at least 90% of its NAV in the E Fund (HK) HKEX Tech 100 Index ETF (the “Master ETF”). Investment in units in the Master ETF by the Sub-Fund will be made via the secondary market (i.e. through the SEHK on which the Master ETF is listed). During extreme market circumstances where there is insufficient liquidity on the secondary market, the Manager may subscribe and redeem units of the Master ETF on the primary market.
The Master ETF is managed by the Manager and is authorised by the SFC. SFC authorisation is not a recommendation or endorsement of the Master ETF nor does it guarantee the commercial merits of the Master ETF or its performance. It does not mean the Master ETF is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Please find below the illustrative diagram showing the Sub-Fund / Master ETF structure:




Other Investments
 No more than 10% of the NAV of the Sub-Fund may be invested in collective investment scheme(s) other than the Master ETF which may be eligible schemes (as defined by the SFC) or authorised by the SFC. Any investments in the exchange traded funds will be considered and treated as collective investment schemes for the purposes of and subject to the requirements in 7.11, 7.11A and 7.11B of the Code.
The Sub-Fund may also invest up to 10% of its NAV on an ancillary basis in money market instruments, unlisted and listed money market funds and/or cash and cash equivalents for cash management purposes.
The Manager may borrow up to 10% of the Sub-Fund’s NAV to acquire investments, to redeem Shares or to pay expenses relating to the Sub-Fund.
The Sub-Fund may enter into financial derivative instruments for investment or hedging purposes to the extent permitted by the investment restrictions in Chapter 7 of the Code and the Explanatory Memorandum of the Company and the Sub-Fund.
The Manager will not enter into any securities lending, sale and repurchase or reverse-repurchase transactions or other similar over-the-counter transactions in respect of the Sub-Fund. The Manager will seek prior approval of the SFC (to the extent required under applicable regulatory requirements) and provide at least one month’s prior notice to Shareholders before the Manager engages in any such transactions.


Master ETF
The Master ETF is a sub-fund of E Fund ETFs Trust II, an umbrella unit trust established under Hong Kong law. The Sub-Fund is a passively-managed ETF falling within Chapter 8.6 of the Code. Units of the Sub-Fund are traded on SEHK like stocks.
Investment objective and Strategy of the Master ETF
The investment objective of the Master ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the Index.
In seeking to achieve the Master ETF’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 Master ETF by tracking the Index as closely as possible to the benefit of the investors. The Master ETF 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 Manager will invest in substantially all securities constituting the Index (the “Index Securities”) 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 Master ETF’s net asset value 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 Master ETF’s aggregate investment in non-eligible schemes and not authorised by the SFC may not exceed 10% of the NAV of the Master ETF; and/or
  3. invest in financial derivative instruments including futures, swaps, participatory notes and structured notes with less than 30% of the Master ETF’s NAV for investment and hedging purposes, where the Manager believes such investments will help the Master ETF achieve its investment objective and are beneficial to the Master ETF. For the avoidance of doubt, the aggregate investments in participatory notes and structured notes will not exceed 10% of the Master ETF’s net asset value.
    In pursuing a representative sampling strategy, the Manager may cause the Master ETF 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.
The Master ETF 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 30% of the Master ETF’s net asset value.
The Manager may, on behalf of the Master ETF, enter into securities lending transactions, with the maximum level for up to 50% and expected level for approximately 20% of the Master ETF’s net asset value, and is able to recall the securities lent out at any time. As part of the securities lending transactions, the Master ETF 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.
The Manager does not currently intend to enter into sale and repurchase transactions, reverse repurchase transactions and other similar over-the-counter transactions on behalf of the Master ETF. The Manager will seek prior approval of the SFC (to the extent required under applicable regulatory requirements) and provide at least one month’s prior notice to unitholders of the Master ETF before the Manager engages in any such transactions.


Index
The Index is designed to measure the performance of 100 of the largest Hong Kong-listed companies with high exposure to key tech themes, that are eligible for Southbound Trading of the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect Program (the “Southbound Stock Connect”), addressing growing market demand for diversified exposure to the technology sector.
The universe for the Index includes securities listed on the Main Board of the SEHK (the that are eligible for the Southbound Stock Connect. Investment Companies listed under Chapter 21 of the HKEX’s Listing Rules (“Listing Rules”) are excluded. Constituent securities must fall within tech themes segments (“Tech Themes Segments”), meaning (i) high business exposure to any one of the following themes: artificial intelligence, biotech and pharmaceutical, electric vehicles and smart driving, information technology, Internet or robotics; or (ii) biotech companies listed under Chapter 18A of the Listing Rules or specialist technology companies listed under Chapter 18C of the Listing Rules. Details of the Tech Themes Segments are set out in the Appendix to the Explanatory Memorandum relating to the Sub-Fund.
The Index is a net total return index. Its performance reflects the reinvestment of dividends and distributions, net of withholding tax, from the Index constituents. The Index is free float adjusted market capitalisation weighted index, whereby the weights of Index constituents are based on their investable market capitalisations, with 12% cap at individual security level. The Index is denominated and quoted in HKD. The Index is reviewed semi-annually, with all changes generally implemented after market close on the second Friday of June and December.
The Index is developed and owned by HKEX Indices and Benchmarks Limited (the “Index Provider”) and calculated by Solactive AG. The Manager (and each of its Connected Persons) are independent of the Index Provider and Solactive AG.
The Index was launched on 9 December 2025 and had a base level of 10,000 on 31 December 2020. As of 27 February 2026, the Index had a total market capitalisation of approximately HKD14.16 trillion and 100 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.hkex.com.hk/Services/Market-Data-Services/Index-Services/HKEX-Tech-100/Tech-100-Index?sc_lang=en#&product=HKEXT100 (this website has not been reviewed by the SFC).


Bloomberg Code: HKEXTN

Fund Information
HKD
RMB
USD
Class A (Dis) HKD
Class A (Dis) RMB
Class A (Dis) USD
Manager
Inception Date
Base Currency
Management Fee (p.a.) *
(% Net Asset Value of the Sub-Fund per annum)
Subscription Fee
Switching Fee
Performance Fee
Custodian Fee
Redemption Fee
Dealing & Trading Frequency
Current NAV Per Unit ()
as of
Custodian
Historical NAV
Download
ISIN
Bloomberg Ticker
*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
Index Provider Disclaimer

HKEX Indices and Benchmarks Limited (“HKEX-IB”), its affiliates, information providers and any other third parties (“HKEX-IB Parties”) involved in, or related to, computation, compilation, publication, dissemination, or provision of HKEX Tech 100 Index do not sponsor, endorse, sell, or promote the E Fund (HK) HKEX Tech 100 Index ETF (the “Sub-Fund”) and make no representation or warranty, express or implied, and shall have no liability to any person including the owners of the Sub-Fund or any member of the public with regard to the Sub-Fund including regarding the legality, suitability advisability of investing in the underlying assets or financial products generally, or in the Sub-Fund in particular.

HKEX-IB’s only relationship with E Fund Management (Hong Kong) Co., Limited is the licensing of HKEX Tech 100 Index and certain trademarks, service marks, and/or trade names of HKEX-IB or its affiliate. HKEX Tech 100 Index and such marks and trade names are the exclusive property of HKEX-IB and its affiliate. HKEX Tech 100 Index is determined, composed, and calculated by HKEX-IB Parties without regard to the Sub-Fund or its performance. HKEX-IB Parties may cease to compute, compile or publish HKEX Tech 100 Index and may change its computation from time to time without liability to any person and have no obligation to take the needs of E Fund Management (Hong Kong) Co., Limited or the investors of the Sub-Fund into consideration in determining, composing, or calculating HKEX Tech 100 Index.

HKEX-IB PARTIES DO NOT GUARANTEE THE ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF HKEX TECH 100 INDEX OR ANY DATA INCLUDED THEREIN AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

HKEX-IB PARTIES MAKE NO WARRANTY, EXPRESS OR IMPLIED, AND TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, SHALL HAVE NO LIABILITY OF ANY KIND TO ANY PERSON WITH RESPECT TO HKEX TECH 100 INDEX OR ANY DATA INCLUDED THEREIN INCLUDING WITHOUT LIMITATION (I) THE RESULTS TO BE OBTAINED BY E FUND MANAGEMENT (HONG KONG) CO., LIMITED, INVESTORS IN THE SUB-FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF HKEX TECH 100 INDEX OR ANY DATA INCLUDED THEREIN. (II) USEFULNESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO HKEX TECH 100 INDEX OR ANY DATA INCLUDED THEREIN; (III) THE ABILITY OF HKEX TECH 100 INDEX TO TRACK GENERAL MARKET PERFORMANCE OR GENERAL PERFORMANCE OF ANY UNDERLYING ASSETS, THEIR PRICES OR OTHERWISE.

An investor by subscribing or purchasing the Sub-Fund will be regarded as having acknowledged, understood and accepted the disclaimer above.

E Fund HK Disclaimer

Unless otherwise stated, E Fund Management (Hong Kong) Co., Limited is the issuer of the content of this website. This website 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.
Investment involves risk. Fund value may go up and down. Past performance is not indicative of future performance. Investors should read carefully the Explanatory Memorandum (including the risk factors) for the relevant risks associated with the investment in the fund before investing.

Distribution of the content herein may be restricted in certain jurisdictions. This website does not constitute the distribution of any information in any jurisdiction in which such distribution is unlawful. This website 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.