PineBridge Hong Kong Dollar Fixed Income Fund HKD

柏瑞港元固定收益基金 港元

HK0000073939

Risk Rating: Level 3

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities 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

HKD10,000.00Min. Subscription

1.00%

HKD10,000.00Min. Subscription

HKD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.87%
3 mth
-1.43%
6 mth
+1.21%
1 yr
+5.81%
3 yr
+5.64%
5 yr
+9.41%

Analytical Figures (3 years)

Annualized Return
+1.84%
Annualized Volatility
+2.75%
Sharpe Ratio
+0.11

Fund Information

Fund Houses
Pinebridge Investment Asia Ltd – Hong Kong Fund
Launch Date
1999-01-03
Fund Manager
Arthur Lau
Manager Start Date
Arthur Lau (Start date: 2011-02-28)
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 3

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-13)
HKD 461,803,658.7
Management Fee
1.00%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.00%

HKD10,000.00Min. Subscription

HKD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The class is a fixed income fund that seeks to provide investors with a stable source of high-recurring income through a managed portfolio of bonds and other income yielding securities. The class’ objective is to provide security of capital as well as a comparatively high level of income by investing in a range of capital and money market fixed and floating rate instruments, either denominated in Hong Kong dollars or, if they are not denominated in Hong Kong dollars, the currency exposure shall be hedged back into Hong Kong dollars in order to ensure that the class has an effective exposure of 100% to the Hong Kong dollar.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investing in fixed income securities and sovereign debt risk
- Investment in fixed income securities is subject to interest rate, sector, security and credit risks. Lower-rated securities will usually offer higher yields than higher-rated securities to compensate for the reduced creditworthiness and increased risk of default that these securities carry. Lower-rated securities generally tend to reflect short-term corporate and market developments to a greater extent than higher-rated securities which respond primarily to fluctuations in the general level of interest rates. There are fewer investors in lower-rated securities and it may be harder to buy and sell such securities at an optimum time.
- Certain developing and certain developed countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (“sovereign debt”) issued or guaranteed by governments or their agencies (“government entities”) of such countries involves a higher degree of risk. In the event that government entity defaults on its sovereign debt, holders of sovereign debt, including the class, may be requested to participate in the rescheduling of such debt and to extend further loans to the relevant government entity. Such events may negatively impact the performance of the class.
2. Credit risk
- The class is exposed to the credit/insolvency risk of issuers of deposits and debt securities that the class may invest in. The class will suffer a loss if the issuer defaults or is in credit difficulties.
3. Interest rate risk
- The class may invest in debt securities whose values will be subject to interest rate movements. An increase in interest rates usually results in a decrease in the value of the debt securities, and vice versa.
4. Investment risk
- Investments are subject to the risks inherent in all securities. The value of holdings may rise as well as fall.
- All financial markets and therefore the value of the class may at times be adversely affected by changes in political, economical and social conditions and policies.
5. Concentration risk
- An investment strategy with a higher geographic concentration may be subject to a greater degree of volatility and risk than a portfolio which is diversified across different geographic regions.
- As the class pursues a concentrated investment strategy, it may be subject to a greater degree of volatility and risk than a fund following a more diversified strategy.
6. Risk of using FDIs for hedging purposes
- The use of FDIs may limit potential gains or be ineffective in hedging the risk exposure of this class and may result in significant losses. The use of FDIs may expose this class to various types of risk, including but not limited to, counterparty, liquidity, correlation, credit, volatility, valuation and settlement risks which may have an adverse effect on the net asset value of this class.
7. Risk associated with distribution out of capital in respect of the Standard Units – Monthly Distribution sub-class
-Dividends, if any, may be paid out of the capital of the sub-class. Where the Manager determines in its discretion to pay dividends out of capital in respect of the sub-class, investors should note that such distributions amount to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
- Such distributions may result in an immediate decrease in the Net Asset Value of the sub-class.

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Hotline

852
3896 3896

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North Point, Hong Kong

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

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