2025-08-29-港交所-易方达Ａ５０_易方达Ａ５０－Ｒ_未经审计中期报告-二零二五年六月三十日页_20页_292kb

报告摘要

E Fund (HK) MSCI China A50 Connect ETF Summary Report (30th June 2025)

Core Information

Fund Name: E Fund (HK) MSCI China A50 Connect ETF
Trust: E Fund ETFs Trust
Launch Date: 14th December 2021
Stock Codes:
- RMB Counter: 83111
- HKD Counter: 3111
Listing Exchange: The Stock Exchange of Hong Kong Limited (SEHK)
Manager: E Fund Management (Hong Kong) Co., Limited
Trustee: HSBC Institutional Trust Services (Asia) Limited
Custodian: The Hongkong and Shanghai Banking Corporation Limited
PRC Custodian: HSBC Bank (China) Company Limited
Service Agent/Conversion Agent: HK Conversion Agency Services Limited
Listing Agent: GF Capital (Hong Kong) Limited
Legal Counsel: Simmons & Simmons
Auditor: PricewaterhouseCoopers

Fund Performance

The Sub-Fund aims to replicate the performance of the MSCI China A50 Connect Index, excluding fees and subscription/redemption costs.

Performance Summary (as of 30th June 2025)

Period	Return (%)
Since Launch	-18.5%
YTD	0.8%
1 Month	2.5%
3 Months	1.5%
6 Months	0.8%
1 Year	12.1%

Index Performance (Net Total Return)

Period	Return (%)
Since Launch	-17.5%
YTD	0.9%
1 Month	2.5%
3 Months	1.5%
6 Months	0.9%
1 Year	12.6%

Key Notes:

Performance is based on calendar year period-end, NAV-to-NAV, with dividend reinvestment.
Past performance does not guarantee future results.
The report is not reviewed by the SFC and does not constitute a recommendation.

Fund Activities

Average Daily Trading Volume: Approximately RMB 185,340 (Bloomberg data)
Outstanding Units: 17,000,000 as of 30th June 2025

Investment Portfolio (Unaudited)

Total Assets (as of 30th June 2025)

Investments: RMB 35,815,407
Interest Receivable: RMB -
Dividend Receivable: RMB 25,661
Amounts Due from Manager: RMB 121,667
Cash and Cash Equivalents: RMB 78,183
Total Assets: RMB 36,040,918

Total Liabilities (as of 30th June 2025)

Management Fee Payable: RMB 7,551
Other Accounts Payable: RMB 361
Total Liabilities: RMB 7,912

Net Assets Attributable to Unitholders

Total: RMB 36,033,006
Per Unit: RMB 2.1196
Units in Issue: 17,000,000

Net Assets (Comparative)

As of 31st December 2024: RMB 50,486,861
Per Unit: RMB 2.1036
Units in Issue: 24,000,000

Investment Portfolio Holdings (Unaudited)

The Sub-Fund holds 50 constituent stocks of the MSCI China A50 Connect Index, with the following breakdown:

Stock Name	Holdings (Units)	Fair Value (RMB)	% of Net Assets
Agricultural Bank of China	137,400	807,912	2.24%
Bank of China	64,900	364,738	1.01%
Bank of Communications	87,000	696,000	1.93%
Bank of Ningbo	10,670	291,931	0.81%
Beijing-Shanghai High Speed Railway	109,500	629,625	1.75%
BOE Technology Group	147,400	588,126	1.63%
BYD Co. Ltd.	5,000	1,659,550	4.61%
Cambricon Technologies	1,565	941,348	2.61%
China Merchants Bank	33,805	1,553,340	4.31%
China Merchants Shekou Ind.	17,200	150,844	0.42%
China National Nuclear Power	36,700	342,044	0.95%
China Pacific Insurance	11,100	416,361	1.16%
China Petroleum & Chemical	43,900	247,596	0.69%
China Shenhua Energy	8,900	360,806	1.00%
China State Construction	92,100	531,417	1.46%
China United Network	50,400	269,136	0.75%
Citic Securities	19,850	548,257	1.52%
Contemporary Amperex Technology	9,810	2,474,278	6.87%
COSCO Shipping Holdings	28,500	428,640	1.19%
CRRC Corp. Ltd.	54,200	381,568	1.06%
East Money Information	25,468	983,955	2.73%
Focus Media Information	23,300	170,090	0.47%
Foshan Haitian Flav & Food	5,469	272,729	0.76%
Foxconn Industrial Internet	4,719	561,089	1.56%
Huarong Information Technology	2,100	928,641	2.58%
Zijin Mining Group	121,200	2,363,400	6.56%

Total Investments

At Fair Value: RMB 35,815,407
At Cost: RMB 32,150,460

Investment Portfolio Movements (Unaudited)

For the Period 1st January 2025 to 30th June 2025

Stock Name	1st January 2025	Additions	Disposals	30th June 2025
Agricultural Bank of China	206,400	25,200	94,200	137,400
Bank of China	83,300	16,100	34,500	64,900
Bank of Communications	95,200	35,300	43,500	87,000
Bank of Ningbo	16,370	1,900	7,600	10,670
Beijing-Shanghai High Speed Railway	146,200	25,800	62,500	109,500
BOE Technology Group	237,300	28,600	118,500	147,400
BYD Co. Ltd.	6,600	1,900	3,500	5,000
Cambricon Technologies	-	1,957	392	1,565
China Merchants Bank	49,605	6,600	22,400	33,805
China Merchants Shekou Ind.	24,200	3,000	10,000	17,200
China National Nuclear Power	49,200	12,500	25,000	36,700
China Pacific Insurance	16,800	2,100	7,800	11,100
China Petroleum & Chemical	66,900	8,000	31,000	43,900
China Shenhua Energy	13,700	1,600	6,400	8,900
China State Construction	123,900	21,100	52,900	92,100
China United Network	66,300	11,500	27,400	50,400
China Yangtze Power Co. Ltd.	65,300	8,500	29,600	44,200
Citi Securities	30,050	3,700	13,900	19,850
Contemporary Amperex Technology	13,110	2,400	5,700	9,810
COSCO Shipping Holdings	38,000	6,800	16,300	28,500
CRRC Corp. Ltd.	72,400	12,800	31,000	54,200
East Money Information	38,568	4,700	17,800	25,468
Focus Media Information	30,100	5,700	12,500	23,300
Foshan Haitian Flav & Food	7,769	900	3,200	5,469
Foxconn Industrial Internet	85,100	10,200	43,300	52,000
Guotai Haitong Securities	23,100	28,200	5,100	23,100
HYGON Information Technology	22,600	1,900	24,500	-
Industrial Bank Co. Ltd.	14,929	1,797	7,562	9,164
Inner Mongolia Yili Industry	11,000	1,300	4,400	7,900
Jiangsu Hengrui Medicine	32,509	5,100	14,500	23,109
Kweichow Moutai Co. Ltd.	2,100	300	900	1,500
Luxshare Precision Industry	46,347	5,600	23,100	28,847
LuZhou LaoJiao Co. Ltd.	2,344	400	1,000	1,744
Midea Group Co. Ltd.	12,600	3,600	6,500	9,700
Muyuan Foodstuff Co. Ltd.	9,092	1,200	3,800	6,492
Nari Technology Development	23,900	4,300	10,200	18,000
Naura Technology Group	3,400	400	1,700	2,100
PetroChina Co. Ltd.	44,500	5,300	20,700	29,100
Ping An Bank Co. Ltd.	47,300	5,700	21,800	31,200
Ping An Insurance Group	26,100	3,500	12,000	17,600
Poly Developments and Holdings Group	31,900	3,900	13,100	22,700
S F Holding Co. Ltd.	14,300	2,500	6,100	10,700
Shanxi Coal Industry Co. Ltd.	20,000	2,400	9,300	13,100
Shanghai Pudong Development Bank	71,500	8,700	32,800	47,400
Shanxi Xinghuacun Fen Wine	2,061	300	900	1,461
Shenzhen Mindray Bio-Medical Electronics	6,278	1,000	2,900	4,378
WanHua Chemical Group Co.	26,028	3,700	11,200	18,528
Wuliangye Yibin Co. Ltd.	6,419	1,000	2,700	4,719
Zijin Mining Group	172,000	24,200	75,000	121,200

Net Asset Value (NAV)

Date	Total Net Assets (RMB)	NAV per Unit (RMB)
30th June 2025	36,033,006	2.1196
31st December 2024	50,486,861	2.1036

Highest and Lowest NAV Per Unit

Date	Highest NAV per Unit (RMB)	Lowest NAV per Unit (RMB)
30th June 2025	2.1553	1.9249
31st December 2024	2.3085	1.6136

Underlying Index Information

Underlying Index: MSCI China A50 Connect Index
Index Weighting: Sector-neutral approach to top 50 large-cap China A shares
Index Performance (Historical Price): 0.9% (as of 30th June 2025)
Source: MSCI Inc.

Investment Overweight Report (Unaudited)

The Sub-Fund is permitted to overweight certain index constituents up to a reasonable limit.
The Manager confirmed compliance with the overweight limit for the period from 1st January 2025 to 30th June 2025.

展开完整摘要