2021-08-13-港交所-华夏Ａ国际通_华夏Ａ国际通－Ｒ_2021中期报告_43页_1mb

ChinaAMC MSCI China A Inclusion Index ETF Summary

Core Information

• Fund Name: ChinaAMC MSCI China A Inclusion Index ETF
• Type: Exchange Traded Fund (ETF)
• Series: ChinaAMC ETF Series
• Legal Structure: Umbrella unit trust established under Hong Kong law
• Trust Deed Date: 28 May 2012
• Manager: China Asset Management (Hong Kong) Limited
• Trustee: Cititrust Limited
• PRC Custodian: Citibank (China) Co., Limited
• Auditor: Ernst & Young
• Administrator and Custodian: Citibank, N.A.
• Registrar: Computershare Hong Kong Investor Services Limited
• Service Agent: HK Conversion Agency Services Limited
• Legal Counsel: Simmons & Simmons
• Listed on: The Stock Exchange of Hong Kong Limited (SEHK)
• RMB Counter: 83197
• HKD Counter: 03197
• Launch Date: 7 February 2018
• Investment Objective: To provide investment results that closely correspond to the performance of the MSCI China A Inclusion Index
• Index Tracking Method: Physical ETF, investing directly in China A-shares via the Stock Connect and RQFII program
• Reporting Period: 1 January 2021 to 30 June 2021
• Unaudited Report: Yes

Key Information

• Number of Units Outstanding: 2,000,000 as of 30 June 2021
• Average Daily Trading Volume: Approximately 2,334 units
• Total Assets (30 June 2021): 32,281,921 RMB
• Total Liabilities (30 June 2021): 6,986,338 RMB
• Net Assets Attributable to Unitholders (30 June 2021): 25,295,583 RMB
• Net Asset Value per Unit (30 June 2021): 12.6478 RMB
• Total Net Assets (31 December 2020): 43,321,873 RMB
• Net Asset Value per Unit (31 December 2020): 12.3777 RMB

Performance Overview

• Performance Period: 1 January 2021 to 30 June 2021
• Index Performance:
  • 1-Month: -0.12%
  • 3-Month: 7.47%
  • Since Launch: 43.56%
• Sub-Fund Performance:
  • RMB Counter (NAV-to-NAV): 34.33%
  • RMB Counter (Market-to-Market): 31.35%
  • HKD Counter (NAV-to-NAV): 29.26%
  • HKD Counter (Market-to-Market): 26.25%

Investment Portfolio Overview

• Total Number of Holdings: 479 constituent stocks
• Portfolio Composition:
  • Communication Services:
    • Beijing Enlight Media Co Ltd (0.08%)
    • China South Publishing & Media Group Co Ltd (0.05%)
    • Focus Media Information Technology Co Ltd (0.31%)
    • G-bits Network Technology Xiamen Co Ltd (0.21%)
    • Giant Network Group Co Ltd (0.04%)
    • Kunlun Tech Co Ltd (0.05%)
    • Leo Group Co Ltd (0.04%)
    • Mango Excellent Media Co Ltd (0.27%)
  • Consumer Discretionary:
    • BYD Co Ltd (1.09%)
    • China Tourism Group Duty Free Corp Ltd (1.24%)
    • Great Wall Motor Co Ltd (0.21%)
    • Midea Group Co Ltd (0.56%)
    • etc.
  • Consumer Staples:
    • Kweichow Moutai Co Ltd (5.69%)
    • Luzhou Laojiao Co Ltd (0.75%)
    • Wuliangye Yibin Co Ltd (2.71%)
    • etc.
  • Energy:
    • China Petroleum & Chemical Corp (0.31%)
    • China Shenhua Energy Co Ltd (0.29%)
    • PetroChina Co Ltd (0.25%)
    • etc.
  • Financials:
    • China Merchants Bank Co Ltd (2.57%)
    • Agricultural Bank of China Ltd (0.51%)
    • Bank of China Ltd (0.24%)
    • etc.

Financial Highlights

Statement of Comprehensive Income

• Total Comprehensive Income (1 Jan 2021 - 30 Jun 2021): 1,136,548 RMB
• Total Comprehensive Income (1 Jan 2020 - 30 Jun 2020): 1,820,292 RMB
• Income:
  • Dividend income: 227,602 RMB
  • Interest income: 748 RMB
• Expenses:
  • Management fee: 109,473 RMB
  • Brokerage and transaction fee: 120,177 RMB
  • Custodian, fund administration and trustee fees: 154,454 RMB
  • Auditor's remuneration: 45,057 RMB
  • Index licensing fee: 24,316 RMB
  • Professional fee: 28,049 RMB
  • Other operating expenses: 166,103 RMB
• Net Investment Gains: 1,578,844 RMB
• Profit Before Tax: 1,159,565 RMB
• Withholding Income Tax Expenses: 23,017 RMB

Statement of Changes in Net Assets

• Beginning Net Assets (1 Jan 2021): 43,321,873 RMB
• Redemption of Units: -19,162,838 RMB
• Total Comprehensive Income: 1,136,548 RMB
• Ending Net Assets (30 Jun 2021): 25,295,583 RMB

Statement of Cash Flows

• Net Cash Flows from Operating Activities: 19,368,289 RMB
• Net Increase in Cash and Cash Equivalents: 6,533,951 RMB
• Cash and Cash Equivalents at the Beginning of the Period: 489,675 RMB
• Cash and Cash Equivalents at the End of the Period: 7,023,626 RMB

Additional Notes

• The Sub-Fund may use a representative sampling strategy for certain A-Shares that are not available or subject to restrictions.
• The report is unaudited and does not represent the final financial statements.
• Investors are advised not to rely solely on the information in this report for investment decisions.
• For more detailed information, refer to the prospectus available at http://www.chinaamc.com.hk/en/products/etf/msci-china-a/documents.html