2025-04-25-港交所-平安香港高息_平安香港高息–Ｕ_2024年报_44页_585kb

报告摘要

Ping An of China CSI HK Dividend ETF (3070/9070) 2024 Annual Report Summary

1. Fund Overview

Sub-fund of Ping An of China Trust under Hong Kong law, established in 2012.
Tracks the CSI HK Dividend Index via replication strategy, investing in its constituent stocks.
List agent: Altus Capital Limited; Custodian: HSBC Institutional Trust Services (Asia) Limited.

2. Performance

NAV Growth (Total Return): +36.03% in 2024, ending at HKD 31.45 per unit.
- CSI HK Dividend Index: +38.81% (benchmark).
Key Highlights:
- 1-Month: +8.63%
- 6-Month: +5.04%
- Since Inception: +187.75% (as of Dec 2024).
Dividends: Total annual distribution of HKD 0.83 per unit.

3. Financials

Assets: HKD 2.19B (2024) vs. HKD 0.81B (2023).
Net Assets: HKD 2.07B (2024) vs. HKD 0.81B (2023).
Expenses:
- Management fee: HKD 6.20M.
- Trustee fee: HKD 0.98M.
- Transaction fee: HKD 1.94M.

4. Investment Portfolio

Total Holdings: 30 stocks matching the CSI HK Dividend Index.
Top Sectors: Financials (47.71% of NAV), Energy, Basic Materials.
Key Constituents: Bank of China, China Construction Bank, Industrial & Commercial Bank of China.

5. Risk Management

Market Risk: Sensitivity analysis showed a ±20% index change would impact profit by HKD ±413.59M.
Credit Risk: Exposure to blue-chip companies; counterparty risk managed via institutional partners.
Liquidity Risk: Majority of assets in actively traded securities.

6. Shareholder Information

Units Outstanding: 65.77B (up from 33.55B).
Dividend Distribution: Approved by Manager, distributed on 10-Jul-2024 (Interim) and 30-Dec-2024 (Final).

7. Key Notes

Fund performance aligns closely with benchmark (+9.14% vs. +38.81% index return).
No material uncertainties in going concern basis due to strong liquidity and profitability.

This ETF remains a viable option for investors seeking exposure to high-dividend Hong Kong stocks, with disciplined risk management and consistent returns.

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