E Fund (HK) CSI Liquor Index ETF
Important Notes Fund Information Portfolio Allocation Performance Distribution History Announcements Notices Documents
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 CSI Liquor Index (the “Index”).
Strategy

In order to achieve the investment objective of the Sub-Fund, the Manager will adopt a physical representative sampling strategy by investing at least 80% and up to 100% of its NAV in a representative portfolio of securities that collectively has a high correlation with the Index, but whose constituents may or may not themselves be constituents of the Index.
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.
For direct investments in securities listed on the Shanghai and Shenzhen stock exchanges, the Sub-Fund will invest primarily through the Stock Connect and/or the Manager’s QFI status. The Manager may invest up to 100% of the Sub-Fund’s NAV through the Stock Connect and less than 70% of the Sub-Fund’s NAV through QFI.
Other investments

The Manager may invest in financial derivative instruments (“FDIs”) including futures and swaps with no more than 15% 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. The swaps which may be invested by the Sub-Fund will be funded total return swap whereby the Sub-Fund will pass on the relevant portion of cash to the swap counterparty(ies) and in return the swap counterparty(ies) will provide the Sub-Fund with an exposure to the economic gain/loss in the performance of the relevant securities (net of indirect costs).
The Sub-Fund may also 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.
Currently the Manager has no intention to enter into securities lending transactions, sale and repurchase or reverse repurchase transactions and other similar over-the-counter transactions. 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 , or if the Manager wishes to adopt an investment strategy other than a physical representative sampling strategy.
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 free float adjusted market capitalisation weighted index which aims to measure the performance of the liquor industry in Mainland China. Constituents of the Index are selected by market capitalisation out of the index universe of the CSI All Share Index, which includes all securities including depositary receipts issued by red chip companies (each a “stock”) listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange, except ST stocks and *ST stocks and the stocks which have been listed for three months or less. No more than 50 stocks which belong to Chinese liquor production industry (i.e. companies falling within the CSI industry classification (CICS) Sub-Industry “White Liquor” (code 30101010)) are selected as Index constituents.
The Index is adjusted and rebalanced semi-annually in June and December and the Index constituents are subject to a cap of 15% weight at rebalancing.
The Manager (and its connected persons) is independent of China Securities Index Co., Ltd., the index provider.
The Index is calculated and disseminated in RMB. The Index is a net total return index which means that its performance reflects the reinvestment of dividends and distributions, net of withholding tax, from the Index constituents. The Index was launched on 21 January 2015 and had a base level of 1,000 on 31 December 2008. As of 31 December 2022, the Index had a total free float market capitalisation of RMB897.9 billion and 18 constituents.

You can obtain most updated list of the constituents of the Index and their respective weightings, as well as additional information and other important news of the Index from the website of the Index Provider at https://www.csindex.com.cn/#/indices/family/detail?indexCode=399997 (the contents of which has not been reviewed by the SFC).

Bloomberg Code: SH399998
Reuters Code: .CSI399997CNY02
Market Information

NAV per Unit( as of 17 May,2024)[5] Last Change[10] Change
(%)[10]
Historical
RMB RMB 1.8676 RMB 0.0273 1.46% Download
HKD[7] HKD 2.0164 
(Foreign Exchange Rate[8]:1.0797)
HKD 0.0276 1.37% Download
Market Closing Price ( as of 17 May,2024) Last Change[6] Change(%)[6] Historical
RMB RMB 1.8680 RMB 0.0220 1.18% Download
HKD HKD 2.0180 HKD 0.0220 1.09% Download
Benchmark Index( as of 16 May,2024) Last Change[9] Change(%)[9] Historical
CSI Liquor Index (Net Total Return) 16095.970 185.060 1.15% Download

[1] This is a near real time estimated NAV. This is provided by ICE Data Indices and is updated during Hong Kong Stock Exchange trading hours. The Estimated NAV per unit in RMB will not be updated when the underlying A shares market is closed.
[2] This is provided on at least 15 minutes delay basis by ICE Data Indices. Intra-day Market Price refers to the market price of E Fund (HK) CSI Liquor Index ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong (the 'SEHK').
[3] The near real time indicative Net Asset Value per Unit in RMB and HKD is indicative and for reference only. This is every 15 seconds updated during SEHK trading hours. The near real time indicative Net Asset Value per Unit in HKD uses a real time HKD:RMB foreign exchange rate – it is calculated using the near real time indicative Net Asset Value per Unit in RMB multiplied by a real-time HKD:RMB foreign exchange rate provided by ICE Data Indices when the SEHK is opened for trading. Since the indicative Net Asset Value per Unit in RMB will not be updated when the underlying A-Shares market is closed, the changes in the indicative Net Asset Value per Unit in HKD during such period is solely due to the change in the foreign exchange rate.
[4] It is calculated using the near real time indicative Net Asset Value per Unit in RMB multiplied by a real-time HKD:RMB foreign exchange rate provided by ICE Data Indices when the SEHK is opened for trading.
[5] This is provided by E Fund Management (HK) Co., Ltd. and NAV per Unit in RMB and HKD will not be updated when the underlying A shares market is closed.
[6] This is the change since previous SEHK trading day. Source of Market Closing Price: Bloomberg
[7] The last Net Asset Value per Unit in HKD is indicative and for reference only and is calculated using the last Net Asset Value per Unit in RMB multiplied by an assumed foreign exchange rate at 3:00 p.m. (Hong Kong time) quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day. The official last Net Asset Value per Unit in RMB and HKD will not be updated when the underlying A-Shares market is closed.
[8] This is an assumed foreign exchange rate at 3:00 p.m. (Hong Kong time) quoted by Bloomberg for offshore RMB (CNH) as of the same Dealing Day and for reference only.
[9] Benchmark Index returns are for illustrative purpose only and are not indicative of future results. Benchmark Index returns do not reflect any management fees, transaction costs or expenses. Change in Index Closing Level indicates the change since last Hong Kong trading day’s closing level. This is provided by E Fund Management (HK) Co., Ltd.
[10] This is the change in NAV per Unit since previous dealing day when both Hong Kong Stock Exchange and the underlying A shares market are open for normal business. Please refer to the Prospectus for further details in this regard.

Fund Information
HKD counter
RMB counter
Stock code 03189 Exchange Listing Hong Kong Stock Exchange - Main Board
Fund Size(RMB) as of 17 May,2024 31,748,749.99 Outstanding Units as of 17 May,2024 17,000,000
Management Fee (p.a.)
0.80% p.a* Manager E Fund Management (Hong Kong) Co., Limited
Stock code 83189 Exchange Listing Hong Kong Stock Exchange - Main Board
Fund Size(RMB) as of 17 May,2024 31,748,749.99 Outstanding Units as of 17 May,2024 17,000,000
Management Fee (p.a.)
0.80% p.a Manager E Fund Management (Hong Kong) Co., Limited
* The management fee is a single flat fee to cover all of the Trustee’s and Registrar’s fees and other costs and expenses. 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 and the permitted maximum of such fees allowed.
Trading Information
HKD counter
RMB counter
Fund Listing / Dealing Date 16 Feb,2023 Exchange Listing Hong Kong Stock Exchange - Main Board
Time Zone GMT +08:00 Base Currency RMB
Trading Currency HKD Bloomberg Ticker 03189.HK
ISIN HK0000907789 Reuters Real Time Trading Code 03189 HK
Fund Listing / Dealing Date 16 Feb,2023 Exchange Listing Hong Kong Stock Exchange - Main Board
Time Zone GMT +08:00 Base Currency RMB
Trading Currency RMB Bloomberg Ticker 83189 HK
ISIN HK0000907797 Reuters Real Time Trading Code 83189 HK
Underlying Index Information
HKD counter
RMB counter
Underlying Index CSI Liquor Index(Net Total Return) * Type of Index Net Total Return
Currency RMB Index Provider CSI
Bloomberg Ticker SH399998 Stock code 03189
Underlying Index CSI Liquor Index(Net Total Return) * Type of Index Net Total Return
Currency RMB Index Provider CSI
Bloomberg Ticker SH399998 Stock code 83189
Market Maker(s)*
HKD counter
RMB counter
*Please refer to HKEX website for the most updated information. Additional Market Maker(s) will be appointed from time to time.
Participating Dealer(s)
  • China Merchants Securities (HK) Co., Ltd
  • Futu Securities International (Hong Kong) Limited
  • GF Securities (Hong Kong) Brokerage Limited
  • Haitong International Securities Company Limited
  • Mirae Asset Securities (HK) Limited
  • Valuable Capital Limited
Disclaimer
All dates are in GMT+8 Time. Any exceptions are noted.

Real Time Data
All information provided by ICE Data Indices, LLC ("ICE Data") and its affiliates (the "ICE Data Information") is owned by or licensed to ICE Data and its affiliates and any user is permitted to use such ICE Data information only for such user's personal use. In no event shall any user publish, retransmit, redistribute or otherwise reproduce any ICE Data information in any format to anyone, and no user shall use any ICE Data information in or in connection with any business or commercial enterprise, including, without limitation, any securities, investment, accounting, banking, legal or media business or enterprise.
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Delayed Data
Delayed data as shown on this website (the "data") are provided by the data provider ICE Data. ICE Data 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.
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.

Index Provider Disclaimer
All rights in the CSI Liquor Index (“Index”) vest in China Securities Index Company (“CSI”). CSI does not make any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. CSI is not liable to any person for any error of the Index (whether due to negligence or otherwise), nor shall it be under any obligation to advise any person of any error therein. The ETF based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto.

Note:
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. 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.
Copyright© 2023. E Fund Management (Hong Kong) Co., Limited. All rights reserved.