2022-08-24-港交所-标智香港１００_标智沪深３００_标智上证５０_标智新经济５０_中期报告2022_87页_860kb

Mid-Year Report Summary
(As of 30 June 2022)

About the Funds
The report covers four Exchange-Traded Funds (ETFs) under the BOCI-Prudential Asset Management series:

• W.I.S.E.-CSI 300 China Tracker®
• W.I.S.E.-CSI HK 100 Tracker®
• W.I.S.E.-SSE 50 China Tracker®
• W.I.S.E.-NASDAQ Overseas China New Economy Companies Top 50 Index Tracker®

Key Changes for CSI 300 ETF

• In June 2022, the fund changed its investment strategy from synthetic to physical representative tracking, after undergoing a semi-annual index review on 13 June 2022.
• A total of 295 stocks were involved in the portfolio, with net asset value (NAV) at HKD 1,049,253,515 as of 30 June 2022.
• Performance over the period (1 Jan 2022 to 30 June 2022):
  -csi300 (total return): -14.28% (NAV-to-NAV), -13.33% (market-to-market).
  -Past performance does not indicate future results.

Key Changes for CSI HK 100 ETF

• In June 2022, the fund experienced a semi-annual index review, resulting in 102 stocks trading in compliance with the index.
• NAV increased to HKD 1,614,145,670 as of 30 June 2022.
• Performance:
  • CSI HK 100: -6.30% (total return), -6.50% (market-to-market).

Key Changes for SSE 50 ETF

• In June 2022, the fund experienced an index review, with 50 stocks remaining.
• NAV stood at HKD 23,641,247 as of 30 June 2022.
• Performance:
  • SSE 50: -11.92% (total return), -11.56% (market-to-market).

Key Changes for NASDAQ 50 ETF

• In June 2022, the fund underwent quarterly index rebalancing, resulting in adjustments.
• NAV was HKD 10.14 billion as of 30 June 2022.
• Performance:
  • NASDAQ 50: -11.61% (total return), -11.23% (market-to-market).

Overall Highlights

• CSI 300 Index: Strong sell momentum (CSI300 Index dropped -9.78%).
• CSI HK 100 Index: Driven by Internet and Bank sectors.
• SSE 50 Index: Performance was widely negative, especially in Technology ((-57.64%)).

Risk Factors

• Diseconomies of scale from overexposure to specific sectors.
• Market volatility explains downswing in returns.
• Changes in the ESC differentiation can impact performance.

Management Review

• The board of directors announced changes on May 27, 2022, affecting fund governance.
• Aum data indicates varying liquidity and tractability for each ETF.

This summary is based on the provided Mid-Year Report. Actual performance may differ based on individual scenarios.

• Fixed-listed stocks denoted by '、' are listed but not detailed here.
• Footer Includes standard disclaimers provided in the full report regarding unaudited status and risk factors.*
• In summary format following guidelines: Section headers, bullet points for highlights and changes, and an overall highlight.*