CSOP MSCI China A Inclusion Index ETF
(RMB Counter Stock Code: 83149, HKD Counter Stock Code: 3149 )

IMPORTANT INFORMATION about CSOP MSCI China A Inclusion Index ETF (the "ETF")

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

CSOP MSCI China A Inclusion Index ETF (the “Fund”) is a physical index tracking ETF and it aims to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of MSCI China A Inclusion Index (“Underlying Index”).
The underlying index of the Sub-Fund was changed to the present index effective from 3 May 2018. During the rebalancing period from the previous index to the Underlying Index, which is anticipated to take up to 5 trading days from 3 May 2018, holdings of the Sub-Fund will be rebalanced from constituents of the previous index to the Underlying Index. Although there is a high degree of correlation between the previous index and new Underlying Index, there is a risk that the tracking error and tracking difference of the Sub-Fund during the rebalancing period may increase. Investors who deal with Units of the Sub-Fund during the rebalancing period should exercise caution.
The Underlying Index captures large and mid-cap representation and includes A-Shares constituents of the MSCI China All Shares Index. All of the constituents of the Underlying Index are listed on the SSE and the SZSE.
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 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.
Retail investors can only buy or sell units of the Fund on the SEHK. The trading price on the SEHK is driven by market factors and may trade at a substantial premiums or discount to its net asset value.
Investors without RMB accounts may buy and sell HKD traded units only. They will not be able to buy or sell RMB traded units and should note that distributions are made in RMB only. As such, investors may suffer a foreign exchange loss.
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 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, MSCI China A Inclusion Index (the “Underlying Index”).
In seeking to achieve the investment objective, the Sub-Fund uses a representative sampling indexing strategy through investing in a representative portfolio of securities that collectively has a high correlation with the Underlying Index.
The Manager will invest at least 80% of the NAV of the Sub-Fund in the securities included in the Underlying Index (“Index Securities”). The Sub-Fund may or may not hold all of the securities in the Underlying Index. The Sub-Fund also may invest in money market instruments, cash and cash equivalents.
Currently it is intended that the Sub-Fund will directly obtain exposure to securities issued within the PRC through the Shanghai-Hong Kong Stock Connect and/or the RQFII investment quota granted to the Manager by SAFE. The Manager may invest up to 100% of the Sub-Fund's NAV through either RQFII and/or the Shanghai-Hong Kong Stock Connect.

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

Fund Manager CSOP Asset Management Limited
Base Currency RMB
Trading Currencies RMB/HKD
Ongoing Charges Over A Year # 3%
Total NAV (RMB) -
Outstanding Units -
Creation Unit 500,000 Units
Dividend Policy The Manager intends to distribute income to unitholders annually (in December) having regard to the Sub-Fund’s net income after fees and costs.
Custodian The Hongkong and Shanghai Banking Corporation Limited
Trustee and Registrar HSBC Institutional Trust Services (Asia) Limited

# The ongoing charges figure is based on expenses for the year ended 31 December 2018 expressed as a percentage of the Sub-Fund’s average net asset value (“NAV”) of the same period. The ongoing charges figure during the year ended 31 December 2018 was 1.29%. The Manager will cap the ongoing charges figure for the Sub-Fund at a maximum of 3% p.a. (“OCF Cap”). This means that any expense of the Sub-Fund (falling within the scope of ongoing expenses) incurred during this period will be borne by the Manager and will not be charged to the Sub-Fund if such expense would result in the ongoing charges figure exceeding the OCF Cap.

Underlying Index Information 6

Underlying Index MSCI China A Inclusion Index
Launch Date 26 Jun 2014
Base Currency RMB
Index Provider MSCI Inc.
Index Type Net Total return index#
Underlying Securities A-Shares to be progressively included in MSCI Emerging Market Index
Rebalancing frequency Quarterly
Bloomberg Total Return Index MBCNA

# The performance of the index constituents is calculated on the basis that any dividends or distributions are reinvested often withholding for deduction.

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 26 Nov 2015 26 Nov 2015
Exchange Ticker 3149 83149
Bloomberg Ticker 3149 HK 83149 HK
ISIN HK0000273497 HK0000273489
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
Nomura International (Hong Kong) LimitedUBS Securities Hong Kong Limited
GF Securities (Hong Kong) Brokerage Limited

Market Makers 8

HKD RMB
BNP Paribas Securities (Asia) Ltd.BNP Paribas Securities (Asia) Ltd.
CLSA LimitedCLSA Limited
Optiver Trading Hong Kong Ltd.Optiver Trading Hong Kong Ltd.
SG Securities (HK) LimitedSG Securities (HK) Limited
1. Intra-day Estimated NAV per unit Calculations are performed by CSOP. The near real time estimated NAV per unit in HKD is updated during Hong Kong Stock Exchange trading hours,. It is indicative and for reference purpose only. The near real time estimated NAV per unit in HKD uses a real time HKD:CNH foreign exchange rate - it is calculated using the near real time estimated NAV per unit in RMB multiplied by a real time HKD:CNH foreign exchange rate provided by Reuters when the SEHK is opened for trading. The near real time estimated NAV per unit in HKD is updated every 15 seconds throughout the SEHK trading hours. Since the estimated NAV per unit in RMB will not be updated when the underlying A-Shares market is closed, the change in the estimated NAV per unit in HKD (if any) during such period is solely due to the change in the foreign exchange rate.
2. Market prices are provided on a 20-minute delayed basis by Reuters.
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 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.
4. Change of the closing price in RMB and HKD traded units indicate change of closing price since previous SEHK trading day. (Source: Bloomberg)
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. Change indicates the change since the previous business day's closing index level. (Source: CSI, Reuters).
7. Additional Participating Dealer(s) will be appointed from time to time.
8. Additional Market Maker(s) will be appointed from time to time.

Performance

  1 Month 3 Month 6 Month Year to date Since Inception#
CSOP MSCI China A Inclusion Index ETF (83149)*
MSCI China A Inclusion Index**

* Fund performance is calculated on NAV to NAV basis with dividend re-invested.

** The Fund has changed its underlying index to track the MSCI China A Inclusion Index effective from 3 May 2018. Index performances after 3 May 2018 represent values from the MSCI China A Inclusion Index. Prior to the change of underlying index, the Fund tracked the MSCI China A International Index.

# Calculated since the listing date of 26 Nov 2015

chart by amcharts.com

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: 26 November, 2015
Rolling 1-Year TD: -1.88%
TD for calendar year 2016: -0.62%
TD for calendar year 2017: -0.55%
TD for calendar year 2018: 0.97%
As of 30 April 2017
Fund Listing Date: 26 November, 2015
Rolling 1-Year TE^: 0.65%
^Annualized based on the number of dealing days in the past year when daily TD is calculated.

Note: The Fund has changed its underlying index to track the MSCI China A Inclusion Index effective from 3 May 2018. Index performances after 3 May 2018 represent values from the MSCI China A Inclusion Index. Prior to the change of underlying index, the Fund tracked the MSCI China A International Index.

Graph for Tracking Difference

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

** The Fund has changed its underlying index to track the MSCI China A Inclusion Index effective from 3 May 2018. Index performances after 3 May 2018 represent values from the MSCI China A Inclusion Index. Prior to the change of underlying index, the Fund tracked the MSCI China A International Index.

Holdings

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

As of 13 Dec, 2019

Sectors Breakdown

As of 13 Dec, 2019

All Holdings

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Total records: 266
Weighting
(%)
Name Exchange
Ticker
Trading
Exchange
Average
Cost (RMB)3
Market
Price (RMB)4
Shares Held Market
Value (RMB)
Sector

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

  • The "Number of Holdings" 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.
  • 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 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 ETF are charged to/paid out of the capital of the ETF, resulting in an increase in distributable income for the payment of dividends by the ETF and therefore, the ETF 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 ETF’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 Dividend Paid Out of Net Distributable Income* for the month Dividend Paid Out of Capital
2018-12-14 2018-12-17 2018-12-27 RMB 0.20 per share RMB 0.20 RMB 0.00
2016-12-16 2016-12-19 2016-12-29 RMB 0.17 per share RMB 0.00 RMB 0.17

*“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 total dividend per share (or total distribution) 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 fund referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such fund. The prospectus contains a more detailed description of the limited relationship MSCI has with CSOP Asset Management Limited.
Investment involves risk. Please read the offering documents for further details including risk factors. Investment value may rise or fall and there may be possible loss of principal. Any quoted performance does not indicate future returns. CSOP does not guarantee the performance of the Proposed Fund. Investor should not make investment solely based on this material.


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.

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.

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