CSOP CSI 500 ETF
(RMB Counter Stock Code: 83005 , HKD Counter Stock Code: 3005 )

IMPORTANT INFORMATION about the CSOP CSI 500 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. Investors should note:

CSOP CSI 500 ETF (the “Sub-Fund”) is a physical ETF and invests primarily in China A-Shares listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange of the People’s Republic of China (“China” or “PRC”) through the Renminbi Qualified Foreign Institutional Investor (“RQFII”) status of the Manager and/or the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (“Stock Connect”).
The Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the CSI 500 Index (the “Underlying Index”). There is no assurance that the Sub-Fund will achieve its investment objective.
The Sub-Fund is not principal guaranteed and your investments may suffer losses. There is no assurance that the Sub-Fund will achieve its investment objective. It is passively managed and the Manager will not have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund. Falls in the Underlying Index may result in a corresponding fall in the value of the Sub-Fund.
The Stock Connect is subject to quota limitations, which may affect the ability of the Sub-Fund to acquire A-shares. In the case of suspension of trading through the programme, the Sub-Fund’s ability to invest in the Mainland market through the Stock Connect will be adversely affected. In such event, the Sub-Fund’s ability to achieve its investment objective could be negatively affected. There is no certainty as to how the regulations/rules pertaining to the Stock Connect will be applied, and they may change from time to time. Changes may have potential retrospective effect.
The Sub-Fund’s ability to make the relevant investments or to fully implement or pursue its investment objective and strategy is subject to the applicable laws, rules and regulations (including restrictions on investments and repatriation of principal and profits) in the PRC, which are subject to change and may have retrospective effect. The Sub-Fund may suffer substantial losses if the approval of the RQFII is being revoked / terminated or otherwise invalidated as the Sub-Fund may be prohibited from trading of relevant securities and repatriation of the Sub-Fund’s monies, or if any of the key operators or parties (including RQFII custodian/brokers) is bankrupt/in default and/or is disqualified from performing its obligations (including execution or settlement of any transaction or transfer of monies or securities).
The Sub-Fund invests up to 50% of its NAV in financial derivative instruments (“FDIs”) (only funded total return swaps) through one or more counterparty(ies). As such, the Sub-Fund may suffer significant loss if a swap counterparty 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.
Securities lending transactions may involve the risk that the borrower may fail to return the securities in a timely manner or at all. While the Sub-Fund must receive cash collateral of at least 100% of the valuation of the securities lent valued on a daily basis, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Sub-Fund.
If there is a suspension of the inter-counter transfer of units between the Renminbi (“RMB”) counter and the Hong Kong Dollar (“HKD”) counter and/or any limitation on the level of services by brokers/intermediaries and CCASS participants, unitholders will only be able to trade their units in the relevant counter on the Stock Exchange of Hong Kong Limited (“SEHK”), which may inhibit or delay an investor dealing. The market price on the SEHK of units traded in RMB and of units traded in HKD may deviate significantly. As such, investors may pay more or receive less when buying or selling units traded in HKD on the SEHK than in respect of units traded in RMB and vice versa.
RMB is currently not a freely convertible currency and is subject to exchange controls by the Chinese government and investors may be adversely affected by movements of the exchange rates between RMB and other currencies. Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that RMB will not depreciate. Any depreciation of the value of RMB could adversely affect the value of investors’ investments in the Sub-Fund. Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.
China is considered as an emerging market and investing in China market may subject to greater economic, political, tax, foreign exchange, regulatory, volatility and liquidity risks than investing in more developed countries. The concentration of the Sub-Fund’s investments in a single geographical region (i.e. China) may subject it to greater volatility than portfolios which comprise broad-based global investments.
Investment in the Sub-Fund may be subject to the risks associated with changes in the PRC tax laws, and such changes may have retrospective effect and may adversely affect the Sub-Fund. Any increased tax liabilities on the Sub-Fund may adversely affect the Sub-Fund’s value. Based on professional and independent tax advice, the Manager does not make any withholding income tax provision on the gross unrealised and realised capital gains derived from trading of China A-Shares.
The trading days or hours of the PRC and Hong Kong stock markets are not exactly the same. There may be occasions where the value of the Index Securities in the Sub-Fund’s portfolio may change but investors are not able to purchase or sell the Sub-Fund’s units. On the other hand, if a PRC stock exchange is closed while the SEHK is open, this may affect the level of premium or discount of the trading price of the Sub-Fund to its NAV. While China A-Shares are subject to trading bands which restrict increases and decreases in the trading price, trading of the Sub-Fund listed on the SEHK is not subject to such restrictions. The dealing suspension of the Index Security may result in higher tracking error and may expose the Sub-Fund to losses. Units of the Sub-Fund may also be traded at a premium or discount to its NAV.
In the event of any default or bankruptcy of the custodian (directly or through its delegate) or the brokers appointed by the RQFII Holder in the PRC, the Sub-Fund may encounter delays in recovering its assets and may be adversely affected in the execution of any transaction. As a result, the Net Asset Value of the Sub-Fund may also be adversely affected.
Although the Manager will use its best endeavours to put in place arrangements so that at least one market maker will maintain a market for the units traded in each counter and that at least one market maker to each counter gives not less than 3 months’ notice prior to terminating market making arrangement under the relevant market maker agreement, liquidity in the market for the units may be adversely affected if there is no or only one market maker for the RMB or HKD traded units. There is also no guarantee that any market making activity will be effective. There may be less interest by potential market makers making a market in units denominated and traded in RMB. Any disruption to the availability of RMB may adversely affect the capability of market makers in providing liquidity for the units.
Due to fees and expenses of the Sub-Fund, liquidity of the market, imperfect correlation of returns between the Sub-Fund’s assets and the Index Securities constituting the Underlying Index and other factors such as the representative sampling strategy being used and investing in CIS under exceptional circumstances, the Sub-Fund’s returns may deviate from that of the Underlying Index. The Manager will monitor and seek to manage such risk in minimising tracking error. There can be no assurance of exact or identical replication at any time of the performance of the Underlying Index.
Generally, retail investors can only buy or sell units of the Sub-Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors and may trade at a substantial premiums or discount to its NAV. Trading of units may involve various types of costs that apply to all securities transactions such as trading fees and brokerage commissions. Investors on the secondary market will also incur the cost of the trading spread, being the difference between what investors are willing to pay for the units (bid price) and the price at which they are willing to sell units (ask price). Not all stockbrokers may be ready and able to carry out trading and settlement of the RMB traded units. The liquidity and trading price of the RMB traded units of the Sub-Fund may be adversely affected by the limited availability of RMB outside the PRC and the restrictions on the conversion between foreign currency and RMB. This may result in the Sub-Fund trading at a significant premium / discount to its Net Asset Value.
The Sub-Fund may be terminated under certain circumstances, for example, if the Underlying Index is discontinued and/or the index licence agreement is terminated and the Manager is unable to identify or agree with any index provider terms for the use of a suitable replacement index or the NAV falls below the amount as specified in the prospectus. Investors may suffer loss in the event of early termination. Investors may not be able to recover their investments and suffer a loss when the Sub-Fund is terminated.
The Manager may, at its discretion, pay dividends out of capital or effectively pay dividends out of the 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 and may result in an immediate reduction of the NAV per unit.
The Underlying Index intends to reflect the overall performance of small/medium-capitalisation A-shares. The shares of small/medium-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.

Please note that the above listed investment risks are not exhaustive and investors should read the Sub-Fund’s Prospectus in detail before making any investment decision.

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 CSI 500 Index.
In seeking to achieve the investment objective, the Sub-Fund uses a combination of physical and synthetic representative sampling strategy. Please refer to the section “Investment Strategy” of Prospectus for an explanation on the strategy.

Product Features

CSI 500 index is a China A-shares benchmark reflecting the overall performance of small-mid capitalization stocks.
Consisting of 500 small-mid China A-shares, CSI 500 are more diversified than other China A-shares benchmarks.
With more than half weighting on sectors of IT, industrials and materials, CSI500 defines the future of China economy, exhibiting characteristics of resilience and growth.

Intra-day Estimated NAV 1 & Market Price 2

Market Information 3, 4

  Date Last Change Change (%)
Official NAV per Unit in RMB - - - -
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 Dollar 5 is provided by Thomson Reuters.

Fund Information

SEHK Listing Date 19 March 2020
Asset Class Equity
Domicile Hong Kong
Total NAV (RMB) -
Outstanding Units -
Management Fee (All in) ^ 0.99%
Ongoing Charges Over A Year # 1.20%
Base Currency Renminbi (RMB)
Number of Holdings 500

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

# As the Sub-Fund is newly set up, this figure is a best estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average NAV over the same period. It may be different upon actual operation of the Sub-Fund and 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. For the first 12-month period from the launch of the Sub-Fund, the ongoing charges figure is capped at 2.0% of the average NAV of the Sub-Fund. Any ongoing expenses exceeding 2.0% of the average NAV of the Sub-Fund during this period will be borne by the Manager and will not be charged to the Sub-Fund.

Underlying Index Information 6

Underlying Index CSI 500 Index
Index Provider China Securities Index Co.Ltd.
Currency RMB
Benchmark Level Type Net Total Return
Bloomberg Ticker CSIN0905
Underlying Securities The CSI 500 Index consists of the 500 stocks after the largest 300 stocks in terms of market capitalisation and liquidity from the entire universe of listed A-Shares companies in the PRC.
Rebalancing frequency Semi-annually

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 19 March 2020 19 March 2020
Primary Exchange Time Zone GMT+8 GMT+8
Exchange Ticker 3005 83005
Bloomberg Ticker 3005 HK 83005 HK
ISIN HK0000578549 HK0000578531
Trading Board Lot 200 Units 200 Units
Trading Currency HKD RMB

Participating Dealers 7

SG Securities (HK) LimitedABN AMRO Clearing Hong Kong Limited
Haitong International Securities Company LimitedJ.P. Morgan Broking (Hong Kong) Limited
  • 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.
  • Market prices are provided on a 15-minute delayed basis by ICE.
  • 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 both the SEHK and the underlying A-Shares market are open 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.
  • Change of the closing price in RMB and HKD traded units indicate change of closing price since previous SEHK trading day. (Source: Bloomberg)
  • 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.
  • 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. Change indicates the change since the previous business day's closing index level. (Source: CSI, Reuters).
  • Additional Participating Dealer(s) will be appointed from time to time.
  • 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 CSI 500 ETF (83005)*
CSI 500 Index**

# No performance data would be displayed within the first 6 months of inception.

* Where no figure is shown there was insufficient data available.

** The Fund’s underlying index is CSI 500 Index (Bloomberg Ticker: CSIN0905 Index), which is a net total return index.

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 June, 2020
Fund Listing Date: 19 March, 2020
Estimated Annual TD: -2.00%
Rolling 1-Year TD: N/A
Since Inception: -0.38%
As of 30 June, 2020
Fund Listing Date: 19 March, 2020
No TE data will be displayed during the first year of listing

Graph for Tracking Difference

ETF's performance is calculated on an NAV to NAV basis and assumes reinvestment of distributions.

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

  • Sort by
Total records: 501

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

1. The "Number of Securities" represents the number of underlying securities held by the Fund.
2. May include dividends booked but not yet received.
3. The Average Cost is the average purchasing price of each fund’s constituent stock. This is indicative and for reference purposes only.
4. In accordance with the Prospectus of CSOP ETF Series, the Manager, having regards to the prevailing circumstances, may adjust the value of any investment of the ETF so as to reflect the fair value of the investment.
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 payment of dividend out of capital or 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 CSOP CSI 500 ETF (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 the capital.
Payment of distributions out of or effectively out of capital represents a return or a withdrawal of part of the amount they originally invested or capital gain attributable to that amount. Any such distributions may result in an immediate reduction in the Net Asset Value per Unit of the Sub-Fund.

Distribution History

Ex-Date Record Date Payable Date Dividend Per Share (RMB) Dividend Paid Out of Net Distributable Income* for the month 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 local currency. 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 CSI 500 Index (“Index”) is compiled and calculated by China Securities Index Co., Ltd. (“CSI”). All rights of the Index are proprietary to CSI. CSI will apply all necessary means to ensure the accuracy of the Index. However, CSI does not guarantee its accuracy, nor shall it be liable to any person for any error in the Index.


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

工作機會暫時只提供於英語版本, 請前往英語頁面繼續操作

前往工作機會

Privacy Statement

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.

If you have accessed this site using a link from another site, CSOP do not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site.

CSOP do not accept responsibility for any interference or damage to your own computer system, the records stored therein or those of any other person, which arises in connection with your use of this website or any linked website. A Cookies is utilized on this website. It allows your browser to check whether you have read and agreed to these terms. The Cookies does not contain any personally identifiable information. Unfortunately, if your browser is set up to reject Cookies you will not be able to see the content of this website. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by CSOP and should not be reproduced or distributed without its permission. These terms are governed exclusively by the laws of Hong Kong and constitute the entire agreement between you and CSOP in relation to the use of this website.

The information is current as at the date of publication but is subject to change without notice.

Please input email address

Wrong email address