2024-08-30-港交所-Ａ南方美元_Ａ南方美元－Ｕ_截至二零二四年六月三十日止的未经审核中期报告_13页_401kb

报告摘要

CSOP US Dollar Money Market ETF Summary

Core Content Overview

The CSOP US Dollar Money Market ETF is a sub-fund of the CSOP ETF Series, which includes synthetic ETFs. It is an unaudited semi-annual report for the period ended 30 June 2024. The ETF is structured as an umbrella unit trust established in Hong Kong, under the Securities and Futures Ordinance (Cap. 571). It invests in US Dollar-denominated and settled short-term deposits and money market instruments issued by Eligible Financial Institutions, as well as debt securities from governments, quasi-governments, international organizations, and financial institutions.

The ETF is listed on the Stock Exchange of Hong Kong Limited (SEHK) with stock codes 9096 (USD counter) and 3096 (HKD counter), and also has an unlisted class A with a launch date of 8 March 2019 and first investment on 31 July 2019.

Key Information

Fund Performance

Dealing NAV per unit as of 30 June 2024: USD113.1652
Total units outstanding as of 30 June 2024: 988,050
Dealing NAV of unlisted class A: USD1.1317
Total units outstanding for unlisted class A: 489,697,486
Total assets under management: Approximately USD666 million
Performance for the period ended 30 June 2024: 2.69% for both listed and unlisted classes

Financial Position

Total assets as of 30 June 2024: USD698,916,464
Total liabilities as of 30 June 2024: USD30,110,132
Net assets attributable to unitholders as of 30 June 2024: USD668,806,332

Comprehensive Income

Total net income for the period ended 30 June 2024: USD16,199,639
Total operating expenses for the period ended 30 June 2024: USD(1,011,038)
Increase in net assets attributable to unitholders for the period: USD15,188,601

Cash Flow

Net cash used in operating activities: USD(66,806,768)
Net cash generated from financing activities: USD124,162,243
Net increase in cash and cash equivalents: USD57,355,475
Cash and cash equivalents at the end of the period: USD289,629,930

Investment Portfolio

Holdings

Total investments: USD276,094,464 or 41.28% of net assets
Quoted debt securities:
- Australia: 5.88% (Total fair value: USD39,303,859)
- British Virgin: 2.24% (Total fair value: USD15,000,000)
- China: 22.18% (Total fair value: USD148,384,805)
- Singapore: 10.98% (Total fair value: USD73,405,800)

Other Net Assets

Other net assets: USD392,711,868 or 58.72% of net assets

Daily and Weekly Liquid Assets

Daily liquid assets: USD149,693,197 or 22.38%
Weekly liquid assets: USD226,693,197 or 33.90%

Weighted Average Maturity and Life

Weighted average maturity: 50.71 days
Weighted average life: 50.71 days

Performance Record

Net asset value (NAV) per unit for the listed class:
- 30 June 2024: USD113.2014
- 31 December 2023: USD110.2383
- 31 December 2022: USD104.5410
- 31 December 2019: USD101.9499
Net asset value (NAV) per unit for the unlisted class A:
- 30 June 2024: USD1.1317
- 31 December 2023: USD1.1021
- 31 December 2022: USD1.0455
- 31 December 2019: USD1.0195

Management and Administration

Manager: CSOP Asset Management Limited
- Address: 2801 - 2803, Two Exchange Square, 8 Connaught Place, Central, Hong Kong
Trustee: HSBC Institutional Trust Services (Asia) Limited
- Address: 1 Queen's Road Central, Hong Kong
Custodian: The Hongkong and Shanghai Banking Corporation Limited
- Address: 1 Queen's Road Central, Hong Kong
Service Agent: HK Conversion Agency Services Limited
- Address: 1st Floor, One & Two Exchange Square, 8 Connaught Place, Central, Hong Kong
Listing Agent: Altus Capital Limited
- Address: 21 Wing Wo Street, Central, Hong Kong

Directors of the Manager

Chen Ding
Gaobo Zhang
Xiaosong Yang
Yi Zhou
Yundong Zhu
Zhiwei Liu
Zhongping Cai

Legal and Audit Information

Legal Adviser: Simmons & Simmons
- Address: 30th Floor, One Taikoo Place, 979 King's Road, Hong Kong
Auditor: PricewaterhouseCoopers Certified Public Accountants
- Address: 22/F, Prince's Building, Central, Hong Kong