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Summary of ChinaAMC Global ETF Series II Semi-Annual Report (Period Ended 30 June 2021)

The semi-annual report covers six ETFs under ChinaAMC Global ETF Series II, with a focus on financial performance, portfolio holdings, and key developments. A significant change occurred on 28 May 2021, where the manager shifted from BMO Global Asset Management (Asia) Limited to China Asset Management (Hong Kong) Limited, with investment management delegated to Mackenzie Financial Corporation.

Below is a concise summary for each ETF, including investment objectives, performance highlights, and key details:

• ChinaAMC Asia USD Investment Grade Bond ETF:

  • Tracks the Bloomberg Barclays Asia USD Investment Grade Bond Index using a sampling or replication strategy.
  • Performance: For the period ended 30 June 2021, the ETF returned -0.72%, underperforming its benchmark index slightly. Out of period since operations began.
  • Portfolio: Primarily invests in USD-denominated investment grade bonds, with 98.10% of net assets in listed bonds, mostly from China, Hong Kong, and other countries in Asia.

• ChinaAMC Hong Kong Banks ETF:

  • Passively tracks the NASDAQ Hong Kong Banks TM Index through full or representative sampling.
  • Performance: Achieved 9.89% return for the period, benchmarked against the index's 10.10%. Strong performance driven by holdings in major Hong Kong and Chinese banks.
  • Portfolio: 97.66% of net assets in listed equities, heavily weighted towards Chinese and Hong Kong financial institutions.

• ChinaAMC Asia High Dividend ETF:

  • Targets the NASDAQ Asia ex Japan Dividend Achievers TM Index, using replication or sampling strategies.
  • Performance: Returned 7.96% for the period, with the benchmark at 8.47%. Past performance does not predict future results.
  • Portfolio: Composed of high-dividend stocks from various Asian countries, including China, India, and Indonesia.

• ChinaAMC MSCI Japan Hedged to USD ETF:

  • Tracks the MSCI Japan 100% Hedged to USD Index to mitigate currency risks.
  • Performance: Earned 8.77% for the period, close to the benchmark's 8.93%. Focuses on Japanese equities with hedging.
  • Portfolio: 97.48% in listed equities, with significant holdings in companies like Toyota and Sony.

• ChinaAMC MSCI Europe Quality Hedged to USD ETF:

  • Aims for quality growth stocks in Europe through the MSCI Europe Quality 100% Hedged to USD Index.
  • Performance: Strong return of 15.15% for the period, outperforming the benchmark's 15.40%. Deliberately managed with quality focus.
  • Portfolio: 98.43% in listed equities, including companies from the UK, Germany, and Switzerland.

• ChinaAMC MSCI Asia Pacific Real Estate ETF:

  • Tracks the MSCI AC Asia Pacific Real Estate Index for real estate exposure.
  • Performance: Returned 5.77% for the period, with the benchmark at 5.99%. Sector performance was modest amid economic conditions.
  • Portfolio: 63.85% in listed equities, weighted towards real estate developers and REITs across the Asia-Pacific region.

• ChinaAMC NASDAQ 100 ETF:

  • Passively follows the NASDAQ-100 Index, which includes leading US technology companies.
  • Performance: Achieved 13.12% return for the period, benchmarked at 13.39%. Apple Inc. is a major holding.
  • Portfolio: 99.52% in listed equities, dominated by US tech giants like Apple, Microsoft, and Amazon.

The report highlights that all ETFs employ passive strategies to track indices, and performance varies by asset class and index. Financial statements, including assets, liabilities, and distributions, adequately cover the period, with average net assets ranging from approximately 165 million HKD to over 1.5 billion HKD. Past performance does not guarantee future results, and all investments carry risks, as detailed in the full prospectus.