BOCHK Hong Kong Dollar Income Fund A HKD

中銀香港港元收入基金 A類港元

HK0000039773

Risk Rating: Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.50%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.03%
3 mth
+0.27%
6 mth
+1.23%
1 yr
+3.58%
3 yr
+5.64%
5 yr
+8.78%

Analytical Figures (3 years)

Annualized Return
+1.85%
Annualized Volatility
+0.89%
Sharpe Ratio
+0.74

Fund Information

Fund Houses
BOCI PRUDENTIAL ASSET MANAGEMENT LTD
Launch Date
2002-07-11
Fund Manager
Team Managed
Manager Start Date
2011-03-31
Geographical Focus
Hong Kong
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-19)
HKD 12,766,565,950.03
Management Fee
0.50%
Latest Dividend
HKD 0.055100 (2019-10-01)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.50%

HKD4,000.00Min. Subscription

HKD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

15:30

-

Dividend Records

Dividend DateDividend Records (HKD)
2019-10-010.055100
2019-07-010.055100
2019-03-310.055000
2019-01-010.054500
2018-10-010.054100
2018-07-020.054300
2018-04-020.054600
2018-01-010.054800
2017-10-020.067300
2017-04-020.074600
2016-10-020.075800
2016-03-310.091800
2015-10-010.091900
2015-03-310.082500
2014-10-020.070700
2014-03-310.065200
2013-10-010.060000
2013-04-010.110000
2012-10-020.110000
2012-04-010.170000
2011-10-020.060000
2011-03-310.080000
2010-10-030.080000
2010-03-310.060000
2010-03-300.060000
2009-10-010.060000
2009-03-310.060000
2008-10-010.080000
2008-03-310.120000
2007-10-010.160000
2007-04-010.180000
2006-10-020.140000
2006-04-020.260000
2005-10-020.150000
2005-03-310.180000
2004-10-030.160000
2004-03-310.220000

Investment Objective

The Sub-Fund is an income fund which seeks to provide a stable income stream and long-term capital appreciation through investing at least 70% of its non-cash assets in a portfolio which mainly consists of Hong Kong dollar denominated investment grade bonds (rated Baa3 or better by Moody’s or other credit rating agency of similar standing).

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. General investment risk
The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee in respect of repayment of principal.
2. Concentration risk
• The Sub-Fund’s investments are concentrated in Hong Kong market. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
• The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting Hong Kong market.
3. Credit/counterparty risk
The Sub-Fund is exposed to the credit/default risk of issuers of the debt securities that the Sub-Fund may invest in.
4. Credit rating risk
Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
5. Downgrading risk
The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The Manager may or may not be able to dispose of the debt instruments that are being downgraded.
6. Interest rate risk
Investment in the Sub-Fund is subject to interest rate risk. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
7. Valuation risk
Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the Net Asset Value calculation of the Sub-Fund.
8. Derivative Instruments risk
The Sub-Fund may use derivatives as one of its investment strategies. The use of derivatives may expose the Sub-Fund to various types of risk, including but not limited to, counterparty, liquidity, correlation, credit, volatility, valuation, settlement and over-the-counter transaction risks. Derivatives may be more sensitive to changes in economic or market conditions and could increase the Sub-Fund’s volatility or can result in a loss significantly greater than the amount invested in the derivatives by the Sub-Fund. Exposure to derivatives may lead to a high risk of significant loss by the Sub-Fund.
9. Risk in relation to distribution
• The Manager may in its absolute discretion determine that in relation to a particular class of Units, distributions be paid out of its capital, or the Manager may, in its discretion, pay distributions out of its gross income while charging/paying all or part of its fees and expenses to/out of its capital, resulting in an increase in distributable income for the payment of distributions by the relevant class of Units and therefore, the relevant class of Units may effectively pay distributions out of capital. This may reduce the capital that the relevant class of Units has available for investment in future and may constrain capital growth.
• Payment of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investments. Any such distributions may result in an immediate reduction of the Net Asset Value per Unit.
10.Risk relating to those class(es) of units denominated in a currency other than the base currency The Sub-Fund will be exposed to foreign exchange risk because Units can be subscribed and redeemed in a currency other than in Hong Kong dollars which is the base currency of the Sub-Fund. The returns to investors for those class(es) of Units denominated in a currency other than the base currency may be different to the return calculated by reference to the base currency when converted back into the currency in which the investors subscribe and redeem due to fluctuations in the currency markets. The returns may go down and adversely impact the investors. The Sub-Fund will also be subject to bid/offer spread on currency conversion and transaction costs. Such foreign exchange risk may result in capital loss to the Sub-Fund and its investors.
11. Cross-class liability risk
Although for the purposes of fund accounting, different fees and charges will be allocated to each class, there is no actual segregation of liabilities between different classes of Units. As such, in the event of insolvency or termination of the Sub-Fund, i.e. where the assets of the Sub-Fund are insufficient to meet its liabilities, all assets will be used to meet the Sub-Fund’s liabilities, not just the amount standing to the credit of any individual class of Units.

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Hotline

852
3896 3896

1501, 15/F, 101 King's Road,
North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

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