China Southern Dragon Dynamic China New Balance Opportunity Fund A Acc USD

南方龍騰基金 –中國新平衡機會基金 A類 Acc 美元

LU0708185235

Risk Rating: Level 6

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 five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

On Holiday

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD45,000.00Min. Subscription

1.00%

HKD45,000.00Min. Subscription

USD

HKD45,000.00Min. Subscription

HKD45,000.00

HKD15,000.00

Daily

15:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+2.69%
3 mth
+2.63%
6 mth
-5.33%
1 yr
+2.05%
3 yr
+5.43%
5 yr
+29.00%

Analytical Figures (3 years)

Annualized Return
+1.78%
Annualized Volatility
+21.82%
Sharpe Ratio
+0.15

Fund Information

Fund Houses
CSOP Asset Management Limited
Launch Date
2012-12-04
Fund Manager
Team managed
Manager Start Date
Team managed (Start Date: 2011-01-21)
Geographical Focus
China
Asset Class/ Sector
Equity - Small / Mid cap
Risk Rating
Risk Level 6

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 five (5) or six (6), these are mainly aimed at providing capital appreciation to investors by investing primarily in single market equities, single industry equities or derivatives etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-18)
USD 77,677,791.76
Management Fee
1.00%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD45,000.00Min. Subscription

1.00%

HKD45,000.00Min. Subscription

USD

HKD45,000.00Min. Subscription

HKD45,000.00

HKD15,000.00

Daily

15:30

2019-09-30

Dividend Records

No Dividends

Investment Objective

The objective of this Sub-Fund is to achieve medium to long-term capital appreciation by participating in the economic growth in Mainland China, Hong Kong, Macau and Taiwan (collectively “Greater China”).
The Sub-Fund will seek to invest primarily (directly or indirectly) in equity securities, which are listed, quoted or traded on the other regulated markets as defined by CSSF from time to time in Hong Kong, the Mainland China, Singapore, the United States or any other regulated markets and that are issued by: (i) companies incorporated in Greater China; (ii) companies that derive most of their revenue from, or have most of their operating assets located in, Greater China; and/or (iii) companies incorporated outside Greater China but which are deemed by the Investment Manager to have substantial exposure to Greater China. Companies that the Sub-Fund may invest may include small cap companies provided the companies meet the above criteria. For the avoidance of doubt, the Sub-Fund will not invest directly in securities which are listed, quoted or traded on other regulated markets in Mainland China.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment risk
The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. The Sub-Fund’s investment portfolio may fall in value and you may lose a substantial proportion or all of your investment in the Sub-Fund.
2. Equity Investment Risk
The Sub-Fund invests in equities, which are subject to normal market fluctuations and other risks inherent in investing in equities. Also, potential illiquidity and volatility may have an adverse impact on the prices of the equity securities the Sub-Fund may invest. You should not make investment decisions based on past performance ofthe Sub-Fund or any particular market, as past performance is not a guide to future performance.
3. Concentration risk/ Mainland China market risk
The Sub-Fund’s investmentis concentrated in Greater China. 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 the Mainland China market.
4. Risks linked to investments listed in Hong Kong
Where the Sub-Fund invests in securities listed in Hong Kong, such investments may involve substantial market, volatility, regulatory and political risks. Investors may suffer substantial loss of their investments in the Sub-Fund.
5. RMB currencyand foreign exchangerisk
RMB is not a freely convertible currency and it is subject to exchange control policies and restrictions. Currency conversion is also subject to availability of RMB at the relevant time.
There can be no assurance that RMB will not depreciate. Any devaluation of RMB could adversely affect the value of investors’ investments.
In calculating the value of RMB denominated investments, the exchange rate for CNH maybe used. The CNH rate may differ from the exchange rate of CNY, the onshore RMB. The value of the RMB denominated investments by the Sub-Fund will be subject to fluctuation.Also, because the Shares are denominated in either HKD or USD, where some of the assets of the Sub-Fund are denominated in RMB, Shareholders will be exposedto movements of the exchange rate between the currency of the class of Shares they invest in and RMB.
6. Risks linked to investments in debt securities
Debt securities are subject to the risk of an issuer’s inability tomeet principal and interest payments on the obligation (credit risk) and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (marketriskand valuation risk).
The value of any fixed income securities is driven significantly by changes in interest rates. When interest rates rise, one may expect the value of fixed income instrument would fall, whereas if interest rates fall, then the value of the fixed income instrument would normally increase.
Ratings assigned by a rating agency to a debt security are not absolute standards of credit quality and do not evaluate market risks. Rating agencies may fail to make timely changes in credit ratings and an issuer’s current financial condition may be better or worse than a rating indicates.
Debt securities may be subject to the risk of being downgraded. In the event of downgrading in the credit rating of a debt security or issuer relating to a debt security, the Sub-Fund's investment value in such security may be adversely affected.
7. Dividends paid out of or effectively out of capital
In respect of the Distribution Shares of the Sub-Fund, the dividends may be paid out of or effectively out of its capital (i.e. dividends are paid out of gross income while all or part of the fees and expenses attributable to the Distribution Shares are paid out of the capital of such shares, resulting in an increase in distributable income for the payment of dividends by the Distribution Shares and therefore, the Sub-Fund may effectively pay dividend paid out of capital). This amounts to a return or withdrawal of part of a Shareholder’s original investment in the Distribution Shares or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of or effectively out of the capital of the Distribution Shares may result in an immediate reduction of its net asset value per share.
8. Risks of investing in smaller companies
Investmentin smaller companies may involve greater risks and thus may be considered speculative. Many small company stocks trade less frequently and in smaller volumes than stocks of larger companies. The securities of small companies may also be morevulnerable to adverse developments and may be more volatile due to less market interest and less publicly available issuer information than securities in large companies.
9. Performance fee risk
TheInvestmentManager may receive a performance fee based on the appreciation in the Sub-Fund’s netasset valueper share and accordingly the performance fee will increase with regard to unrealised appreciation and be paid on unrealised gains, which may subsequently never be realised.
Given there is no equalizationarrangement for the calculation of the performance fee, a redeeming shareholder mayincur a performance fee notwithstanding the shareholder may have suffered a loss in the investment in the Shares.
The performance fee may create an incentive for the Investment Manager to make investments for theSub-Fund, which are riskier than would be the case in the absence of a fee based on the performance of theSub-Fund.Because the investment decisions of the Investment Manager apply to the Sub-Fund as a whole, such decisions will also affect the risk profile of the investors holding Class A Shares, even though performance fee applies to Class I Sharesand Class Z Shares.
10. Derivative risk
The Sub-Fund may use derivative instruments for hedging or efficient portfolio management purposes. The use of derivative instruments for these purposes may become ineffective and/or cause the Sub-Fund to suffer significant losses.

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