2022-08-31-港交所-工银南方国债_工银南方国债－Ｒ_截至二零二二年六月三十日止的未经审核中期报告_54页_874kb

CSOP ETF Series II FTSE Chinese Government and Policy Bank Bond Index ETF Summary

1. Fund Basis and Objective

   • Established in Hong Kong as part of the CSOP ETF Series II umbrella fund.
   • Tracks the FTSE Chinese Government and Policy Bank Bond Index (formerly known as Bloomberg China Treasury + Policy Bank Bond Index).
   • Invests in RMB denominated fixed-rate bonds issued by the Ministry of Finance of the PRC, China Development Bank, Agricultural Development Bank of China, and Export-Import Bank of China, through QFI status or the "Bond Connect" initiative.

2. Structure and Performance Period

   • Reports cover the semi-annual periods ending June 30, 2022, specifically from January 1, 2022 to May 31, 2022 (linking to NAV), and June 1, 2022 to June 30, 2022.
   • Listed shares trade on Hong Kong Exchanges under codes HKD 03199 and RMB 83199.
   • As of June 30, 2022, outstanding units: RMB Counter 49,810,000 units; Total Asset Management Approx. RMB 5.2 billion.

3. Performance

   • Period 1 (Jan 1 - May 31, 2022): RMB NAV +1.44%; Index +1.60%.
   • Period 2 (Jun 1 - Jun 30, 2022): RMB NAV -0.06%; Index +0.02%.
   • The performance difference was attributed to fees and expenses.
   • Duration: Fund RMB Counter 4.85 years, Index 4.89 years.
   • Distribution: Paid RMB 1.80 (approx. 1.74% of Net Asset Value) on May 31, 2022, and previously on Jan 21, 2022 (RMB 0.9 per share).

4. Financial Position (As of Jun 30, 2022)

   • NAV (Dealing): Listed Class RMB 103.5477 per unit.
   • Assets: Holdings primarily in PRC Government and Policy Bank Bonds, representing ~96.55% of net assets, supplemented by a smaller portion in Unquoted Short-Term Notes (~1.93%).
   • Total Net Assets: Attributable to unitholders RMB 5.188 billion.
   • Fund held ~106 million of China Government Bonds rated AA+.

5. Management

   • Manager: CSOP Asset Management Limited (formerly appointed investment advisor effective Sep 24, 2021).
   • Trustee: HSBC Institutional Trust Services (Asia) Limited.
   • The fund changed its underlying index to the FTSE index effective June 1, 2022.
   • Gender aspects:
     • Management: Includes Male (Chen Ding, Gaobo Zhang, Xiaosong Yang, Yi Zhou), Female (Yundong Zhu).
     • Trustee: Appointed Male (Zhiwei Liu).

6. Key Dates

   • Effective Name Change: June 1, 2022.
   • Establishment: February 17, 2014.