2022-04-29-港交所-南方中证５Ｇ_截至二零二一年十二月三十一日止的经审核账目_39页_696kb

CSOP YINHUA CSI 5G COMMUNICATIONS THEME ETF Report Summary

Fund Overview

• Type: Umbrella unit trust sub-fund, passively managed index ETF trading in HKD.
• Objective: Track CSI 5G Communications Index (pre-deduction fees).
• Key Data:
  • Launch: 21 Oct 2020
  • HK Stock Code: 3193
  • Date of Report: 31 Dec 2021
  • NAV/unit: RMB 7.0362

Financial Performance

• Dealing NAV:
  • YTD return: 6.98%
  • 2021 return: 3.43% (vs. Index 6.05%, difference due to fees)
• Assets:
  • Total assets: RMB12.7 million
  • Outstanding units: 1.8 million units

Governance and Oversight

• Manager: CSOP Asset Management Limited
• Trustee: HSBC Institutional Trust Services (Asia) Limited
• Auditor: PricewaterhouseCoopers
• Report approved on 28 Apr 2022.

Key Risks Addressed

• Significant market price risk linked to CSI 5G Communications Index.
• Minimal credit risk due to high counterparty ratings (HSBC, China custodian: Moody’s A1).
• Currency risk exempted due to predominant RMB-denominated assets.

Financial Position (31 Dec 2021)

• Assets: RMB12.7 million
• Liabilities: RMB443,292
• Net Assets: RMB12.299 million
• Major Holdings: Investment in Yinhua CSI 5G ETF (Master ETF)

Management Actions

• Total Expenses: RMB1.4 million (2021)
• Management Fee: Annual 0.99% of NAV

Audit Opinion

• Financial statements present fairly under HKFRS; adherence to regulatory disclosures met.