ChinaAMC 20+ Year US Treasury Bond ETF Summary
Core Information
- Name: ChinaAMC 20+ Year US Treasury Bond ETF
- Series: ChinaAMC Global ETF Series
- Listing: The Stock Exchange of Hong Kong Limited (SEHK)
- Stock Codes:
- Distributing HKD: 03146
- Distributing RMB: 83146
- Distributing USD: 09146
- Accumulating USD: 09446
- Launch Date: 17 June 2024
- Index Tracked: ICE U.S. Treasury 20+ Year Bond Index
- Investment Strategy: Passively managed, using a representative sampling approach to track the index.
- Minimum Investment in Index Securities: 90% of Net Asset Value (NAV)
- Maximum Investment in Index Securities: 100% of NAV
- Manager: China Asset Management (Hong Kong) Limited
- Trustee and Registrar: HSBC Institutional Trust Services (Asia) Limited
- Auditor: Ernst & Young
- Legal Advisor: Simmons & Simmons
- Service Agent: HK Conversion Agency Services Limited
- Listing Agent: Altus Capital Limited
- Participating Dealers: Includes AP Capital Management, China International Capital Corporation, China Merchants Securities, Citigroup, CLSA, Haitong International, Huatai Financial, Korea Investment & Securities Asia, Merrill Lynch Far East, Mirae Asset Securities, and Valuable Capital Limited
Performance Overview
Performance Metrics (Total Returns in respective currency)
| Fund Type |
1-Month |
3-Month |
Since Launch |
| The Index |
2.65% |
-1.95% |
-1.74% |
| Distributing HKD (NAV-to-NAV) |
2.74% |
-1.10% |
-1.32% |
| Distributing HKD (Market-to-Market) |
2.24% |
-1.34% |
-2.62% |
| Distributing RMB (NAV-to-NAV) |
2.08% |
-3.37% |
-3.28% |
| Distributing RMB (Market-to-Market) |
1.73% |
-3.48% |
-4.17% |
| Distributing USD (NAV-to-NAV) |
2.63% |
-1.98% |
-1.81% |
| Distributing USD (Market-to-Market) |
2.11% |
-2.17% |
-2.75% |
| Accumulating USD (NAV-to-NAV) |
2.63% |
-1.98% |
-1.81% |
| Accumulating USD (Market-to-Market) |
2.15% |
-2.25% |
-2.60% |
Key Performance Notes
- The Sub-Fund aims to closely track the performance of the ICE U.S. Treasury 20+ Year Bond Index.
- There is no assurance that the Sub-Fund will achieve its investment objective.
- The Sub-Fund's performance is subject to market fluctuations and fees.
Investment Portfolio (Unaudited)
Holdings as of 30 June 2025 (USD)
| Bond Issuer |
Description |
Holdings (Units) |
Fair Value (USD) |
% of Net Assets |
| US Treasury |
1.375% 15/08/2050 |
600,000 |
295,828 |
2.21 |
| US Treasury |
1.625% 15/11/2050 |
400,000 |
210,734 |
1.57 |
| US Treasury |
1.875% 15/02/2051 |
800,000 |
449,375 |
3.35 |
| US Treasury |
2% 15/02/2050 |
300,000 |
176,156 |
1.31 |
| US Treasury |
2% 15/08/2051 |
800,000 |
461,219 |
3.44 |
| US Treasury |
2.25% 15/08/2049 |
200,000 |
125,461 |
0.94 |
| US Treasury |
2.25% 15/02/2052 |
700,000 |
427,574 |
3.19 |
| US Treasury |
2.375% 15/11/2049 |
200,000 |
128,633 |
0.96 |
| US Treasury |
2.875% 15/05/2049 |
500,000 |
358,926 |
2.68 |
| US Treasury |
2.875% 15/05/2052 |
500,000 |
351,875 |
2.63 |
| US Treasury |
3% 15/02/2049 |
300,000 |
221,039 |
1.65 |
| US Treasury |
3% 15/08/2052 |
500,000 |
360,918 |
2.69 |
| US Treasury |
3.375% 15/11/2048 |
500,000 |
395,527 |
2.95 |
| US Treasury |
3.625% 15/02/2053 |
400,000 |
326,531 |
2.44 |
| US Treasury |
3.625% 15/05/2053 |
600,000 |
489,375 |
3.65 |
| US Treasury |
4% 15/11/2052 |
400,000 |
349,828 |
2.61 |
| US Treasury |
4.125% 15/08/2053 |
500,000 |
446,621 |
3.33 |
| US Treasury |
4.25% 15/02/2054 |
700,000 |
638,531 |
4.76 |
| US Treasury |
4.25% 15/08/2054 |
700,000 |
639,242 |
4.77 |
| US Treasury |
4.5% 15/11/2054 |
600,000 |
571,781 |
4.27 |
| US Treasury |
4.625% 15/05/2054 |
700,000 |
679,875 |
5.07 |
| US Treasury |
4.625% 15/02/2055 |
600,000 |
584,063 |
4.36 |
| US Treasury |
4.75% 15/11/2053 |
600,000 |
594,563 |
4.44 |
| US Treasury |
4.75% 15/05/2055 |
200,000 |
198,875 |
1.48 |
| US Treasury Bond |
2.25% 15/08/2046 |
200,000 |
131,023 |
0.98 |
| US Treasury N/B |
1.25% 15/05/2050 |
600,000 |
288,188 |
2.14 |
| US Treasury N/B |
1.875% 15/11/2051 |
700,000 |
389,430 |
2.90 |
| US Treasury N/B |
2.375% 15/05/2051 |
700,000 |
443,871 |
3.31 |
| US Treasury N/B |
2.5% 15/02/2045 |
300,000 |
- |
- |
| US Treasury N/B |
2.5% 15/02/2046 |
200,000 |
148,602 |
1.11 |
| US Treasury N/B |
2.5% 15/05/2046 |
300,000 |
207,199 |
1.55 |
| US Treasury N/B |
2.75% 15/08/2047 |
300,000 |
213,820 |
1.60 |
| US Treasury N/B |
2.75% 15/11/2047 |
400,000 |
284,438 |
2.12 |
| US Treasury N/B |
2.875% 15/08/2045 |
200,000 |
149,539 |
1.14 |
| US Treasury N/B |
2.875% 15/11/2046 |
200,000 |
147,250 |
1.10 |
| US Treasury N/B |
3% 15/05/2045 |
200,000 |
- |
- |
| US Treasury N/B |
3% 15/11/2045 |
200,000 |
152,367 |
1.14 |
| US Treasury N/B |
3% 15/02/2047 |
300,000 |
225,223 |
1.68 |
| US Treasury N/B |
3% 15/05/2047 |
300,000 |
224,660 |
1.68 |
| US Treasury N/B |
3% 15/02/2048 |
300,000 |
148,602 |
1.11 |
| US Treasury N/B |
3% 15/08/2048 |
500,000 |
369,785 |
2.76 |
| US Treasury N/B |
3.125% 15/05/2048 |
500,000 |
227,613 |
1.70 |
Total Investments (Fair Value): USD 13,224,152
Other Net Assets: USD 178,008
Net Assets Attributable to Unitholders: USD 13,402,160
Total Net Assets: USD 13,405,523
Portfolio Movements (Unaudited)
Changes in Holdings
| Bond Issuer |
Holdings as at 1 January 2025 |
Additions |
Disposals |
Corporate Actions |
Holdings as at 30 June 2025 |
| US Treasury |
20,500,000 |
1,200,000 |
3,800,000 |
- |
17,900,000 |
Net Asset Value (NAV)
As at 30 June 2025 (Unaudited)
| Class |
Unit Price (USD) |
Total Net Asset Value (USD) |
| Class A - USD (Dist) |
94.6758 |
1,420,137 |
| Class A - USD (Acc) |
97.9448 |
11,753,379 |
| Class A - USD (Acc) |
10.6630 |
1,038 |
| Class B - USD (Acc) |
10.1627 |
227,462 |
| Class A - RMB (Acc) |
103.4645 |
144 |
As at 31 December 2024 (Audited)
| Class |
Unit Price (USD) |
Total Net Asset Value (USD) |
| Class A - USD (Dist) |
94.1418 |
3,294,963 |
| Class A - USD (Acc) |
95.5712 |
11,468,544 |
Highest and Lowest Prices (Unaudited)
For the Period 1 January 2025 to 30 June 2025
| Class |
Highest Issue Unit Price (USD) |
Lowest Redemption Unit Price (USD) |
| Class A - USD (Dist) |
99.3199 |
90.1974 |
| Class A - USD (Acc) |
101.7343 |
92.8191 |
| Class A - USD (Acc) |
10.6630 |
10.2786 |
| Class B - USD (Acc) |
10.5831 |
9.6416 |
| Class A - RMB (Acc) |
103.4645 |
100.0161 |
For the Period 17 June 2024 to 31 December 2024
| Class |
Highest Issue Unit Price (USD) |
Lowest Redemption Unit Price (USD) |
| Class A - USD (Dist) |
108.8268 |
95.0874 |
| Class A - USD (Acc) |
108.2033 |
93.6652 |
| Class A - USD (Acc) |
10.8827 |
9.6673 |
Cash Flow Summary (Unaudited)
| Item |
Amount (USD) |
| Profit Before Tax |
329,752 |
| Interest Received |
306,009 |
| Net Cash Flows from Operating Activities |
1,679,557 |
| Cash Used in Operations |
1,373,548 |
| Net Cash Flows from Financing Activities |
(1,691,103) |
| Net (Decrease)/Increase in Cash and Cash Equivalents |
(11,546) |
| Cash and Cash Equivalents at Beginning of Period |
47,191 |
| Cash and Cash Equivalents at End of Period |
35,645 |
Summary of Key Activities
- Trading Volume: Average daily trading volume was 193 units during the period.
- Units Outstanding:
- Distributing Listed Class: 15,000 units
- Accumulating Listed Class: 120,000 units
- Unit Redemption:
- Listed Class A - USD (Dist): 20,000 units redeemed
- Unlisted Class B - USD (Acc): 1,143 units redeemed
- Unit Subscription:
- Unlisted Class A - USD (Acc): 97 units
- Unlisted Class B - USD (Acc): 23,525 units
- Unlisted Class A - RMB (Acc): 10 units
Important Notes
- This report is unaudited.
- Investors should not rely on the information contained in this report for investment decisions.
- The Sub-Fund is subject to the rules and regulations of the Hong Kong Securities and Futures Commission (SFC) under Chapter 8.6 of the Code on Unit Trusts and Mutual Funds.
- The Sub-Fund may hold US Treasury securities not included in the Index, provided they have a high correlation with the Index.
