CSOP SZSE ChiNext ETF
(RMB Counter Stock Code: 83147 ,HKD Counter Stock Code: 3147)

IMPORTANT INFORMATION about the CSOP SZSE ChiNext ETF

IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions.

CSOP SZSE ChiNext ETF (the “Sub-Fund”) is a physical ETF and invests primarily in China A-Shares listed on the ChiNext board of the Shenzhen Stock Exchange of the People’s Republic of China primarily through the Renminbi Qualified Foreign Institutional Investor status of the Manager and/or the Shenzhen-Hong Kong Stock Connect. The Sub-Fund is denominated in RMB.
This Sub-Fund invests up to 50% of the NAV in financial derivative instruments (FDIs) (mainly funded total return swaps) through one or more counterparty(ies). As such, the Sub-Fund may suffer significant loss if a counterparty to the funded total return swaps fails to perform its obligations, or in case of insolvency or default of the counterparty(ies). Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. FDIs are susceptible to price fluctuations and higher volatility, and may have large bid and offer spreads and no active secondary markets. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Sub-Fund. Exposure to FDIs may lead to a high risk of significant loss by the Sub-Fund.
Listed companies in the ChiNext market (e.g. innovative or small/medium sized enterprises) are usually in their preliminary stage of development with smaller operating scale and shorter operating history, and their businesses are usually subject to higher uncertainty and more fluctuations in their performance. Therefore, its stability and resistance to market risks may be lower.
Given the emerging nature of the companies listed on the ChiNext market and their industries focus on scientific development, innovation and media industries, any failures in the process of the scientific development may result in losses in such companies.
This Sub-Fund invests in constituent securities of the Underlying Index which are highly volatile and have a high price-earnings ratio. You may suffer a substantial loss by investing in this product.
The Manager may, at its discretion, pay dividends out of capital. Payment of dividends out of capital or effectively out of the capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. The Sub-fund may result in an immediate reduction of the NAV per Unit.
Retail investors can only trade units of the Sub-Fund on the SEHK. The trading price of the units may be different from the Sub-Fund’s NAV and even at a significant discount/premium to its NAV.

The material has not been reviewed by the SFC.

Fund Objective and Investment Strategy

The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index, namely, ChiNext Index (the “Underlying Index”).
In order to achieve the investment objective of the Sub-Fund, the Manager will use a combination of a physical representative sampling and a synthetic representative sampling strategy. The Sub-Fund will

(i) primarily use a physical representative sampling strategy by investing 50% to 100% of its NAV in Securities constituting the Underlying Index (“Index Securities”); and

(ii) where the Manager believes such investments are beneficial to the Sub-Fund and will help the Sub-Fund achieve its investment objective, use a synthetic representative sampling strategy as an ancillary strategy by investing up to 50% in financial derivative instruments (“FDIs”), which will mainly be funded total return swaps with one or more counterparties. Exposure of the Sub-Fund to the Index Securities (either through direct investment or through FDIs) will be in substantially the same weightings (i.e. proportions) as these Index Securities have in the Underlying Index.
The Sub-Fund may also invest not more than 5% of its NAV in securities other than the Index Securities which have investment profile that aims to reflect the profile of the Underlying Index. The Sub-Fund may also invest not more than 5% of its NAV in cash and money market funds for cash management purpose. The Sub-Fund may also invest in FDIs for hedging purposes.
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.

Intra-day Estimated NAV 1 & Market Price 2

Market Information 3, 4

  Date Last Change 4 Change 4 (%)
Official NAV per Unit in RMB 5 - - - -
NAV per Unit in HKD **5 (for reference only) - - - -
Closing Price for RMB Traded Unit - - - -
Closing Price for HKD Traded Unit - - - -

**Exchange Rate of Renminbi (CNH) to Hong Kong Dollar5 is provided by Thomson Reuters.

Fund Information

SEHK Listing Date 15 May 2015
Asset Class Equity
Domicile Hong Kong
Total NAV (RMB) -
Outstanding Units -
Management Fee (All in) ^ 0.99%
Ongoing Charges Over A Year # 1.31%
Base Currency Renminbi (RMB)
Number of Holdings -

^ Include trustee fee, custodian fee and registrar’s fee

# The ongoing charges figure is based on expenses for the year ended 31 December 2019. This figure may vary from year to year. The ongoing charges figure does not include the fees related to the FDIs (including swaps) entered into by the Sub-Fund.

Underlying Index Information 6

Underlying Index ChiNext Index
Index Provider Shenzhen Securities Information Co., Ltd.
Currency RMB
Index Type Price return
Bloomberg Price Return Index SZ399006
Underlying Securities Top 100 A-Share companies listed on the ChiNext board of the SZSE ranked by total market capitalization, free-float market capitalization and turnovers
Rebalancing frequency Quarterly

Trading Information

  HKD Traded Unit RMB Traded Unit
Exchange Hong Kong Stock Exchange – Main Board Hong Kong Stock Exchange – Main Board
Date of Listing / Dealing 15 May 2015 15 May 2015
Primary Exchange Time Zone GMT+8 GMT+8
Exchange Ticker 03147 83147
Bloomberg Ticker 3147 HK 83147 HK
ISIN HK0000248234 HK0000248226
Trading Board Lot 200 Units 200 Units
Trading Currency HKD RMB

Participating Dealers 7

ABN AMRO Clearing Hong Kong LimitedBNP Paribas Securities Services
China International Capital Corporation Hong Kong Securities LimitedChina Merchants Securities (HK) Co., Limited
CITIC Securities Brokerage (HK) LimitedCLSA LIMITED
Goldman Sachs (Asia) Securities LimitedGuotai Junan Securities (Hong Kong) Limited
Haitong International Securities Company LimitedMerrill Lynch Far East Limited
Morgan Stanley Hong Kong Securities LimitedNomura International (Hong Kong) Limited
Citigroup Global Markets Asia LimitedJ.P. Morgan Broking (Hong Kong) Limited
1. IOPV calculations and delayed market data as shown on CSOP website (the “data”) provided by ICE Data Indices , see ICE Terms of Use , and is updated during HK Exchange trading hours. Powered by Factset . IOPV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third party suppliers make no express or implied warranties, and hereby expressly disclaim all warranties of merchantability or fitness for a particular purpose with respect to the iNAV, IOPV, fund or any fund data included therein. In no event shall ICE Data have any liability for any special, punitive, direct, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. You acknowledge that the data is provided for information only and should not be relied upon for any purpose. HKEX Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.
2. Market prices are provided on a 15-minute delayed basis by ICE.
3. Performance is calculated on NAV to NAV basis in RMB and assumes dividend will not be reinvested. Change of the official NAV per Unit in RMB and change of the NAV per Unit in HKD indicate the change of the NAV per Unit since previous Dealing Day, where which market(s) are opened for normal trading. Refer to the Prospectus for more information on determination of Net Asset Value. Source of NAV per Unit in RMB: HSBC Institutional Trust Services (Asia) Limited.
4. Change of the closing price in RMB and HKD traded units indicate change of closing price since previous SEHK trading day.
5. The last closing NAV per Unit in HKD is indicative and for reference purpose only and is calculated using the last closing NAV per Unit in RMB multiplied by an assumed foreign exchange rate using the CNH fixed offshore RMB ("CNH") exchange rate quoted by Reuters at 3:00 p.m. (Hong Kong time) as of the same Dealing Day. When the underlying A Shares market is closed, the official Last closing NAV per unit in RMB and NAV per unit in HKD will not be updated. Dealing Day means each business day on which both SEHK and the underlying A shares market are open for normal trading.
6. Index returns are for illustrative purposes only and should not be taken as an indication or guarantee of future performance. Management fees, transaction costs or other expenses are not reflected in index returns.
7. Additional Participating Dealer(s) will be appointed from time to time.
8. Please refer to HKEX website for the most updated information. Additional Market Maker(s) will be appointed from time to time.

Performance

  1 Month 3 Month 6 Month Year to date Since Inception#
CSOP SZSE ChiNext ETF (83147)*
ChiNext Index**

# Cumulative performance is calculated since the inception date on 15 May 2015 .

* Fund performance is calculated on NAV to NAV basis without dividend reinvested.

** Performance of Index is calculated based on price return.

Tracking Difference/ 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.
Tracking Difference Tracking Error
As of 30 April 2017
Fund Listing Date: 15 May, 2015
Rolling 1-Year TD: -0.57%
TD for calendar year 2016: -0.50%
TD for calendar year 2017: -2.50%
TD for calendar year 2018: -0.44%
TD for calendar year 2019: -1.04%
As of 30 April 2017
Fund Listing Date: 15 May, 2015
Rolling 1-Year TE^: 0.57%
^Annualized based on the number of dealing days in the past year when daily TD is calculated

Graph for Tracking Difference

ETF's performance is calculated on an NAV to NAV basis without any reinvestment and distribution.

chart by amcharts.com

Holdings

Total Net Asset Value (in RMB) Number of Securities 1 Securities (%) 2
- - -

As of 14 Jul, 2020

Sectors Breakdown

As of 14 Jul, 2020

All Holdings

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Total records: 164

All dollar amounts are in RMB. All dates are in GMT+8 Time. Any exceptions are noted.

  • The "Number of Securities" represents the number of underlying securities held by the Fund.
  • May include dividends booked but not yet received.
  • The Average Cost is the average purchasing price of each fund’s constituent stock. This is indicative and for reference purposes only.
  • The data represents the underlying asset.

Total allocation percentages shown in All Holdings table may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and hence may not be included in the table of holdings shown.

Important information about Dividend out of capital / effectively out of capital

The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the Sub-Fund are charged to/paid 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.
Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from capital gains attributed to that original investment. Any distributions involving payment of dividends out of the Sub-Fund’s capital or effectively out of capital may result in an immediate reduction in the Net Asset Value (“NAV”) per Unit.

Distribution History

Ex-Date Record Date Payable Date Dividend Per Share (RMB) Dividend Paid Out of Net Distributable Income* Dividend Paid Out of Capital

*“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The data in “dividend paid out of net distributable income” and “dividend paid of out of capital” are just for reference only. Please kindly refer to the official dividends information in the dividend per share column.

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 table above. There is no guarantee of distribution. Investors should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

All dollar amounts are in RMB. All dates are in GMT+8 Time. Any exceptions are noted.

Disclaimer:

This website is owned and managed by CSOP Asset Management Limited (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
The performance figures contained on this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and the ETF's NAV per unit may rise as well as fall. Persons interested in investing in the ETF should read the relevant fund offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.


Index Provider Disclaimer:

The Shenzhen Stock Exchange has appointed Shenzhen Securities Information Company Limited (“SSICL”) to manage the ChiNext Index. The Shenzhen Stock Exchange and the SSICL are independent of the Manager. The CSOP ChiNext ETF is not in any way endorsed, sold, sponsored or promoted by the Shenzhen Stock Exchange, SSICL or the SEHK. The Shenzhen Stock Exchange, SSICL or the SEHK makes no warranty or representation whatsoever, expressly or impliedly, as to the results of the use of the ChiNext Index. The ChiNext Index is calculated by or on behalf of SSICL, which will adopt all necessary measures to ensure the accuracy of the ChiNext Index. However, the Shenzhen Stock Exchange, the SSICL and the SEHK shall not be liable (whether in negligence or otherwise) to any person for any error in the ChiNext Index and shall not be under any obligation to advise any person or any error therein. The ChiNext Index is owned by the Shenzhen Stock Exchange.


This website is prepared by CSOP and has not been reviewed by the Securities and Futures Commission.

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This is the website of CSOP Asset Management Limited ("CSOP"). We understand that our customers and website visitors are concerned about the privacy of information. We have established policies and procedures concerning the collection, use and security of your information that will help protect your privacy. This policy statement provides information on the obligations and policies of CSOP under the Personal Data (Privacy) Ordinance (the "Ordinance").

OUR CORPORATE POLICY

CSOP recognize the importance of personal data to our business and the importance of respecting the privacy rights of our clients. Therefore, we are committed to ensuring compliance with the requirements of the Ordinance. Each employee of CSOP must abide by our commitment to privacy in the handling of personal information. To further enhance confidentiality and security of all personal data, only authorized staff will be allowed to have access to the personal information collected. It is restricted to those persons who have a business need to access personal information in order to perform their job duties.

The purpose of this Statement is to establish the policies and practices of CSOP's commitment to protect the privacy of personal data and to inform you about our responsibilities and your rights under the Ordinance.

Types of Personal Data Held

There are two broad categories of personal data held by us. They are personal data relating to clients and employees of CSOP.

Personal data held by us regarding clients may include the following:-

Personal data relating to employment held by us may include the following:-

Main Purposes of keeping Personal Data

The purposes for which personal data relating to clients may be used are as follows:-

The purposes for which personal data relating to employees may be used are as follows:-

Transfer of Personal Data

Personal data held by CSOP relating to clients will be kept confidential but may be transferred to the following parties (whether within or outside the Hong Kong Special Administrative Region) for any of the purposes stated above:-

Accuracy of Personal Data

CSOP strive at all times to ensure accuracy of all personal data collected and processed by us. In order to assist us to deliver on this pledge, please inform us immediately in the event that your personal information has been changed or you discovered that your personal information held by us is incorrect.

Your Rights

It is not a statutory requirement for you to provide personal data to us. However, we will not be able to provide you with the services and products you may require unless you provide us with the necessary personal data or information.

You have a right (i) to be informed whether we hold any of your personal data; (ii) to be supplied with a copy of your personal data we hold; and (iii) to request correction of your personal data we hold. If you wish to access to and/or to correct any of your personal data held by us, please send your written request to the address set out below. We may, subject to the Ordinance, impose a reasonable fee for complying with a data access request.

If you do not wish your personal data to be used for direct marketing purposes, you may notify us in writing to the following address:-

Head of Legal & Compliance

CSOP Asset Management Limited,
2801-2802 Two Exchange Square
8 Connaught Place, Central
Hong Kong

Upon receipt of such notice, we shall, without charge to you, cease using your personal data for direct marketing purposes.

Disclaimer

CSOP Asset Management Limited ("CSOP") is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”). This website contains information about CSOP and the services and products offered by CSOP. The information provided on the CSOP website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject CSOP or its affiliates to any registration requirement within such jurisdiction or country. Non-Hong Kong investors are responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein. By proceeding, you are representing that you have understood and accepted the restrictions set out in this section.

The website is prepared by CSOP and has not been reviewed by the SFC. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice. Private Investors are advised to consult with their financial advisors, banks, or other professional advisors. Nothing herein should be construed as investment advice nor as comment on the suitability of any investment or investment service. Prospective investors should take advice from their own professional advisors before making any investment decision.

The information contained in this website is provided for reference only and does not constitute any investment advice. Past performance is not an indicative of future performance. Investment involves risk and investors may not get back the amount originally invested. Please read the relevant offering document carefully, in particular fund features and the risks involved in investing in the fund.

Nothing on this website constitutes a solicitation, invitation, recommendation or offer to purchase a product offered by CSOP or any CSOP funds or as the basis for any investment decision.

This site may include forward-looking statements which are based on CSOP's current opinions, expectations and projections. CSOP undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

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