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Summary of ChinaAMC Global ETF Series II Annual Report (Year Ended 31 December 2021)

Core Content Overview

The document provides an annual report for ChinaAMC Global ETF Series II, which includes several sub-funds, each tracking specific indices. The report details the management structure, investment strategies, and performance data for each sub-fund. It also includes information on trading volumes, outstanding units, and legal and administrative entities involved in the fund's operations.

Main Sub-Funds and Their Details

Management Structure

• Manager:

  • Previously: BMO Global Asset Management (Asia) Limited
  • As of 28 May 2021: China Asset Management (Hong Kong) Limited

• Trustee:

  • State Street Trust (HK) Limited

• Administrator and Custodian:

  • State Street Bank and Trust Company

• Investment Delegate:

  • Mackenzie Financial Corporation

• Legal Counsel:

  • Deacons

• Registrar:

  • Tricor Investor Services Limited

• Auditor:

  • PricewaterhouseCoopers

• Service Agent:

  • HK Conversion Agency Services Limited

• Participating Dealers:

  • Listed on the Manager's website: https://www.chinaamc.com.hk

Key Personnel

• Directors of the Manager:
  • Yang Minghui (resigned on 30 March 2022)
  • Li Yimei
  • Sun Liqiang (appointed on 30 March 2022)
  • Gan Tian
  • Li Fung Ming

Investment Strategies

All sub-funds aim to track their respective indices and may use either a full replication strategy or a representative sampling strategy depending on market conditions. The Manager may switch strategies without prior notice to investors, provided it seeks prior approval from the SFC and gives at least one month's notice to unitholders.

Performance Highlights

1. ChinaAMC Asia USD Investment Grade Bond ETF

• Investment Objective: Track the Bloomberg Asia USD Investment Grade Bond Index.
• Performance (Total Returns):
  • 1-Month: 0.06%
  • 3-Month: 0.14%
  • Since Launch: 34.97%
• Outstanding Units: 84,250,000
• Average Daily Trading Volume (2021): 139,226 units

2. ChinaAMC Hong Kong Banks ETF

• Investment Objective: Track the NASDAQ Hong Kong Banks™ Index.
• Performance (Total Returns):
  • 1-Month: 5.64%
  • 3-Month: 2.88%
  • Since Launch: 17.20%
• Outstanding Units: 12,200,000
• Average Daily Trading Volume (2021): 45,389 units

3. ChinaAMC Asia High Dividend ETF

• Investment Objective: Track the NASDAQ Asia ex Japan Dividend Achievers™ Index.
• Performance (Total Returns):
  • 1-Month: 4.11%
  • 3-Month: 1.67%
  • Since Launch: 62.64%
• Outstanding Units: 60,300,000
• Average Daily Trading Volume (2021): 9,026 units

4. ChinaAMC MSCI Japan Hedged to USD ETF

• Investment Objective: Track the MSCI Japan 100% Hedged to USD Index.
• Performance (Total Returns):
  • 1-Month: 3.38%
  • 3-Month: -0.76%
  • Since Launch: 85.34%
• Outstanding Units: 30,500,000
• Average Daily Trading Volume (2021): 15,742 units

5. ChinaAMC MSCI Europe Quality Hedged to USD ETF

• Investment Objective: Track the MSCI Europe Quality 100% Hedged to USD Index.
• Performance (Total Returns):
  • 1-Month: 4.96%
  • 3-Month: 8.40%
  • Since Launch: 126.54%
• Outstanding Units: 1,700,000
• Average Daily Trading Volume (2021): 12,727 units

6. ChinaAMC MSCI Asia Pacific Real Estate ETF

• Investment Objective: Track the MSCI AC Asia Pacific Real Estate Index.
• Performance (Total Returns):
  • 1-Month: Not specified in the document
  • 3-Month: Not specified in the document
  • Since Launch: Not specified in the document
• Outstanding Units: Not specified in the document
• Average Daily Trading Volume (2021): Not specified in the document

7. ChinaAMC NASDAQ 100 ETF

• Investment Objective: Track the NASDAQ 100 Index.
• Performance (Total Returns):
  • 1-Month: Not specified in the document
  • 3-Month: Not specified in the document
  • Since Launch: Not specified in the document
• Outstanding Units: Not specified in the document
• Average Daily Trading Volume (2021): Not specified in the document

Notes on Performance

• Performance figures are based on Bloomberg data as of 31 December 2021.
• All performance data is pre-fee and pre-expense.
• The Index performance and HKD Counter performance are calculated in HKD.
• Past performance is not indicative of future performance.

Additional Information

• The Sub-Fund is structured as an umbrella unit trust under Hong Kong law.
• The Index for each fund is defined by the Index Provider (e.g., Bloomberg, MSCI Inc.).
• The Index for the Asia USD Investment Grade Bond ETF includes government-related and corporate investment grade bonds from the Asia ex-Japan region.
• The Index for the Hong Kong Banks ETF includes Banks classified by the Industry Classification Benchmark.
• The Index for the Asia High Dividend ETF includes stocks with at least three consecutive years of increasing annual regular dividend payments from specific markets.
• The Index for the MSCI Japan and MSCI Europe Quality ETFs includes currency hedging components.
• The Index for the MSCI Asia Pacific Real Estate ETF includes Real Estate Sector classified securities from 14 markets in the Asia Pacific region.

Conclusion

The report outlines the management and structure of the ChinaAMC Global ETF Series II and provides performance data for each sub-fund, emphasizing their index-tracking nature and the strategies employed by the Manager. The performance figures show varying returns across the different sub-funds, influenced by market conditions and index movements. The Manager retains the discretion to change investment strategies and is subject to regulatory oversight.