2025-07-31-港交所-三星ＦＡＮＧ_三星环球半导体_Ａ三星区块链_Ａ三星亚太元宇宙_三星ＦＡＮＧ－Ｕ_年度报告_2024页_4mb

Annual Report Summary: Samsung S&P GSCI Crude Oil ER Futures ETF, Samsung NYSE FANG+ ETF, Samsung Bloomberg Global Semiconductor ETF, Samsung Asia Pacific ex NZ Metaverse Theme ETF, Samsung Blockchain Technologies ETF (Year Ended 31 March 2025)

Key Points

1. Financial Performance and Assets:

   • As of 31 March 2025, total net assets attributable to unitholders across all funds stood at HK$404 million. Distributed performance reflects exposure to respective underlying indices and market volatility.

2. ETF Requirements:

   • Samsung S&P GSCI Crude Oil ER Futures ETF: Tracks oil futures performance, net asset value decreased 5.06% (2024: +16.10%).
   • Samsung NYSE FANG+ ETF: Invests in high-growth US tech stocks, returned 13.28% (2024: +57.82%).
   • Samsung Bloomberg Global Semiconductor ETF: Focuses on semiconductors, modest return of 6.88% (2024: +68.64%).
   • Samsung Asia Pacific ex NZ Metaverse ETF: Outperformed others with 24.07% (2024: -3.65%).
   • Samsung Blockchain ETF: Notable swing from +84.03% (2024) to -3.43% (2025).

3. Risk Management:

   • Routine impairment testing, margin maintenance strategies, and limit management address market, credit and liquidity risks. iFRS-compliant accounting for fair values based on Level 1-3 inputs.
   • High leverage exposure persists in crude oil and futures-based funds.

4. Portfolio Composition:

   • Diversified exposures across crude futures contracts (avg 99.46% of NAV), semiconductor top holdings (e.g. Broadcom/NVIDIA), and digital assets (Block/Bitcoin-related ETF).
   • Institutional transactions via brokers like HSBC/CSC, with negligible unbilled revenue/liabilities.

5. Continuity Note:

   • No significant subsequent events modifications required, consistent with prior fiscal period disclosures.

Disclaimer: Analysis based on unaudited supplementary materials. Refer to full reports for accounting policies and index methodology details. Past performance does not predict future results; investment involves risks including capital loss potential.