GFI Unit Trust Series - GFI Select Greater China Growth Fund
GFI Unit Trust Series - GFI Select Greater China Growth Fund
Important Notes

1. GFI Select Greater China Growth Fund (“Sub-Fund”) is a sub-fund of GFI Unit Trust Series, which is a Hong Kong domiciled umbrella structure unit trust. It is governed by the laws of Hong Kong. The Sub-Fund seeks to achieve its investment objective by investing at least 70% of its NAV in equity securities of Greater China companies listed on exchanges in Mainland China, Hong Kong or the US. These equity securities include, but are not limited to, common stocks, preferred stocks, and American depositary receipts. The Sub-Fund may invest in financial derivative instruments to the extent permitted by the investment restrictions.

2. The Sub-Fund may be subject to: investment risk, equity market risk, risk associated with small-capitalization / mid-capitalization companies, concentration risk, emerging market risk, risks associated with exposure to RMB, risks associated with the Beijing stock exchange, the ChiNext market and/or the Star Board, risks associated with investment madethrough the QFI regime, risks associated with the Stock Connect, mainland China tax risk, currency and foreign exchange risk, risks associated with investment in financial derivative instruments, risks associated with distribution out of capital or effectively out of capital, risks associated with performance fee charged by the sub-fund.

3. Investment involves risks, fund value may go up as well as down, past performance information presented are not indicative of future performance. Investors may suffer substantial loss.

4. Investors should not make investment decisions based on this material alone; before making any investment decision, investors should carefully read the Explanatory Memorandum and the Product Key Facts Statement of the Sub-Fund for further details including the risk factors.

5. You should not invest in the Sub-Fund unless the intermediary who sells it to you has explained to you that the Sub-Fund is suitable for you having regard to your financial situation, investment experience and objectives.

Key Risks

Investment involves risks.  Please refer to the Explanatory Memorandum for details including the risk factors.

 

1.  Investment risk

   The Sub-Funds investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal.

 

2.  Equity market risk

   The Sub-Funds investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.

 

3.  Risk associated with small-capitalisation / mid-capitalisation companies

   The stock of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.

 

4.  Concentration risk

   The Sub-Funds investments are concentrated in Greater China companies. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.

   The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting Greater China.

 

5.  Emerging market risk

   The Sub-Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.

   Securities exchanges in Mainland China typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Sub-Fund.

 

6.  Risks associated with exposure to RMB

RMB currency and conversion risk

   RMB is currently not freely convertible and is subject to exchange controls and restrictions.

   Where the Sub-Fund invests in RMB denominated investments, the value of such investments may be affected favourably or unfavourably depending on the changes in exchange rate between RMB and the base currency of the Sub-Fund. There can be no assurance that RMB will not be subject to devaluation. Any devaluation of the RMB could adversely affect the value of investors investments in the Sub-Fund.

   Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors base currencies (e.g. HKD) will not depreciate.  Any depreciation of RMB could adversely affect the value of the investors investment in the Sub-Fund.

   Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. The CNH rate may be at a premium or discount to the exchange rate for CNY and there may be significant bid and offer spreads.  Any divergence between CNH and CNY may adversely impact the NAV of the Sub-Fund and thus the investors.

   Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.

RMB class(es) related risk

   When calculating the value of the RMB denominated class(es), CNH will be used. The value of the RMB denominated class(es) thus calculated will be subject to fluctuation.

   Non-RMB based (e.g. Hong Kong) investors may have to convert HKD or other currencies into RMB when investing in the RMB denominated class(es). Subsequently, investors may also have to convert the RMB redemption proceeds (received when selling the units) and RMB distributions received (if any) back to HKD or other currencies. During these processes, investors will incur currency conversion costs and may suffer losses in the event that RMB depreciates against HKD or such other currencies upon receipt of the RMB redemption proceeds and/or RMB distributions (if any).

   For RMB denominated class(es), since the unit prices are denominated in RMB, but the Sub-Fund will not be fully invested in RMB-denominated underlying investments and its base currency is USD, so even if the prices of the non-RMB denominated underlying investments and/or value of the base currency rise or remain stable, investors may still incur losses if RMB appreciates against the currencies of the non-RMB denominated underlying investments and/or the base currency more than the increase in the value of the non-RMB denominated underlying investments and/or the base currency.

   Furthermore, under the scenario where RMB appreciates against the currencies of the non-RMB denominated underlying investments and/or the base currency of the Sub-Fund (i.e. USD), and the value of the non-RMB denominated underlying investments decreased, the value of investors investments in RMB denominated class(es) may suffer additional losses.

 

7.  Risks associated with the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board

Investments in the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board may result in significant losses for the Sub-Fund and its investors. Such investments are subject to the following risks:

Higher fluctuation on stock prices and liquidity risk

   Listed companies on the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board are usually innovative and growth enterprises of emerging nature with smaller operating scale. Listed companies on the Beijing Stock Exchange, the ChiNext Market and the STAR Board are subject to wider price fluctuation limits, and due to higher entry thresholds for investors may have limited liquidity, compared to other boards. Hence, companies listed on the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board are subject to higher fluctuation in stock prices and liquidity risks and have higher risks and turnover ratios than companies listed on the main boards of the SSE and the SZSE.

   Due to different trading rules, daily price movements shall be limited to 30% on the Beijing Stock Exchange and 20% on the ChiNext Market and the STAR Board. Therefore the securities traded on these markets may be subject to a higher volatility risk than securities of relevant sectors traded in the other China A-share markets.

Over-valuation risk

   Stocks listed on the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board may be overvalued and such exceptionally high valuation may not be sustainable. Stock price may be more susceptible to manipulation due to fewer circulating shares.

Differences in regulation applicable to the Beijing Stock Exchange, the ChiNext Market and the STAR Board 

   The rules and regulations regarding companies listed on the Beijing Stock Exchange, the ChiNext Market and the STAR Board are less stringent in terms of profitability and share capital than those in the main boards of the SSE and the SZSE.

Delisting risk

   It may be more common and faster for companies listed on the Beijing Stock Exchange, the ChiNext Market and/or the STAR Board to delist. This may have an adverse impact on the Sub-Fund if the companies that it invests in are delisted.

Risk associated with transfer of listing for stocks listed on Beijing Stock Exchange

   A company listed on the Beijing Stock Exchange in which the Sub-Fund invests may apply for transfer of listing to the ChiNext market of the SZSE or the STAR Board of the SSE, if permitted by the applicable laws and regulations, subject to meeting the listing requirements of the CSRC and the SSE or SZSE (as the case may be). The application for transfer of listing will be subject to the review and approval by SSE or SZSE (as the case may be). The application for transfer of listing, whether successful or not, may cause fluctuations in the price of the relevant stock, and hence the NAV of the Sub-Fund..

Concentration risk applicable to the Beijing Stock Exchange and the STAR Board

   The Beijing Stock Exchange and the STAR Board are newly established and may have a limited number of listed companies during the initial stage. Investments in the Beijing Stock Exchange and the STAR Board may be concentrated in a small number of stocks and subject the Sub-Fund to higher concentration risk..

 

8.  Risks associated with investment made through the QFI regime

   The Sub-Funds ability to make the relevant investments or to fully implement or pursue its investment objective and strategy is subject to the applicable laws, rules and regulations (including restrictions on investments and repatriation of principal and profits) in the PRC, which are subject to change and such change may have potential retrospective effect.

   The Sub-Fund may suffer substantial losses if the approval of the QFI status of the QFI Holder is being revoked/terminated or otherwise invalidated as the Sub-Fund may be prohibited from trading of relevant securities and repatriation of the Sub-Funds monies, or if any of the key operators or parties (including QFI custodian/broker) is bankrupt/in default and/or is disqualified from performing its obligations (including execution or settlement of any transaction or transfer of monies or securities).

 

9.  Risks associated with the Stock Connect

   The relevant rules and regulations on the Stock Connect are subject to change which may have potential retrospective effect. The Stock Connect is subject to quota limitations. Where a suspension in the trading through the programme is effected, the Sub-Funds ability to invest in China A-shares or access the PRC market through the programme will be adversely affected. In such event, the Sub-Funds ability to achieve its investment objective could be negatively affected.

 

10.  Mainland China Tax Risk

   There are risks and uncertainties associated with the current Mainland China tax laws, regulations and practice in respect of the Sub-Funds investment in Mainland China. It should also be noted that there is a possibility of Mainland China tax rules being changed and taxes being applied retrospectively. Any increased tax liabilities on the Sub-Fund may adversely affect the Sub-Funds value.

   Based on professional and independent tax advice, the Manager will make provisions from the Sub-Funds assets for Mainland China withholding income tax (WIT) at a rate of 10% in respect of the interests paid by Mainland China tax resident enterprises (except for government bonds) where such Mainland China WIT has not been withheld at source. Also, based on professional and independent tax advice, the Manager will not make provision for (i) any Mainland China WIT and value-added tax (VAT) in respect of realised and unrealised capital gain derived from the trading of Mainland China securities; and (ii) any Mainland China VAT in respect of interest income derived from Mainland China securities.

   In case of any shortfall between the provisions and actual tax liabilities, which will be debited from the Sub-Funds assets, the Sub-Funds NAV will be adversely affected. The actual tax liabilities may be lower than the tax provision made. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision and will not have the right to claim any part of the overprovision (as the case may be).

 

11.  Currency and foreign exchange risk

   Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund. Also, a class of units may be designated in a currency other than the base currency of the Sub-Fund or the currency of its underlying investment. The NAV of the Sub-Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.

 

12.  Risks associated with investment in financial derivative instruments

   The Sub-Fund may use financial derivative instruments for investment and hedging purposes. The use of such derivatives exposes the Sub-Fund to additional risks, including counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the derivative by the Sub-Fund. Moreover, the use of financial derivative instruments for hedging may become ineffective, and the Sub-Fund may suffer substantial loss. Exposure to derivatives may lead to a high risk of significant loss by the Sub-Fund.

 

13.  Risks associated with distribution out of capital or effectively out of capital

   Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investors original investment or from any capital gains attributable to that original investments.  Any such distributions may result in an immediate reduction of the NAV per unit.

 

14.  Risks associated with performance fee charged by the Sub-Fund

   Performance fees may encourage the Manager of the Sub-Fund to make riskier investments that would be the case in the absence of a performance-based incentive system.

   Given there is no equalisation arrangement for the calculation of the performance fee, a redeeming investor may still incur a performance fee in respect of his investments, even though he has suffered a loss of investment capital.

   In addition, performance fees may be paid on unrealised gains which may never be realised by the Sub-Fund.

 

 

 

Product Overview

 

  Past

  performance

   As the Sub-Fund is newly established, there is insufficient data to provide a useful indication of past performance to investors.
  • 7D
  • 1M
  • 6M
  • 1Y
  • 3Y
Net Asset Value
DateClass I USDClass I HKDClass A USDClass A HKDClass B USDClass B HKDClass I RMBClass B RMBClass A RMB
ISINHK0000858628HK0000914686
2024-12-090.8877361.0341220.9387931.034688
2024-12-060.8667281.0098230.9170761.012719
2024-12-050.8582450.908335
2024-12-040.8639690.914627
2024-12-030.8571410.907137
2024-12-020.8525160.902054
2024-11-290.8478280.897012
2024-11-280.8456150.894831
2024-11-270.8532180.902545
2024-11-260.8406530.889415
2024-11-250.8409160.889502
2024-11-220.8428550.891678
2024-11-210.8593780.908896
2024-11-200.8698730.920019
2024-11-190.8698990.919995
2024-11-180.8597610.909294
2024-11-150.8560640.905372
2024-11-130.8745630.924331
2024-11-120.8755450.924959
2024-11-110.8924040.942496
2024-11-080.9007130.950972
2024-11-070.9127910.963152
2024-11-060.8951600.945156
2024-11-050.9093830.959751
2024-11-040.8930260.942367
2024-11-010.8859350.935317
2024-10-310.8827350.931452
2024-10-300.8886520.937502
2024-10-290.9037700.953256
2024-10-280.9022760.951706
2024-10-250.9004200.949378
2024-10-240.8988860.947789
2024-10-230.9078700.956992
2024-10-220.9065830.955957
2024-10-210.9008210.949981
2024-10-180.9115450.960844
2024-10-170.8863360.934585
2024-10-160.8956640.944005
2024-10-150.8978940.945864
2024-10-140.9320540.981421
2024-10-100.9371270.987343
2024-10-090.9168450.966079
2024-10-080.9321630.982707
2024-10-070.9861951.038324
2024-10-040.9832421.035231
2024-10-030.9558271.005924
2024-10-020.9633771.013741
2024-09-300.9204620.969701
2024-09-270.9116680.960213
2024-09-260.9002540.948954
2024-09-250.8756660.923706
2024-09-240.8676840.915164
2024-09-230.8393880.885478
2024-09-200.8341990.880329
2024-09-190.8296450.875953
2024-09-170.8159840.861356
2024-09-160.8097070.854551
2024-09-130.8077210.853030
2024-09-120.8018280.847148
2024-09-110.7953690.839741
2024-09-100.7949900.839223
2024-09-090.7929720.836975
2024-09-050.8087100.852915
2024-09-040.8133480.858155
2024-09-030.8286140.874421
2024-09-020.8395180.885670
2024-08-300.8442470.890643
2024-08-290.8399040.886018
2024-08-280.8397720.886177
2024-08-270.8533500.900531
2024-08-260.8496460.895946
2024-08-230.8661090.913152
2024-08-220.8642840.911322
2024-08-210.8642120.910771
2024-08-200.8612340.906947
2024-08-190.8708260.917073
2024-08-160.8634030.909743
2024-08-150.8480070.893825
2024-08-140.8413550.886284
2024-08-130.8436920.888216
2024-08-120.8366190.880997
2024-08-090.8323320.877090
2024-08-080.8260030.870037
2024-08-070.8313180.875996
2024-08-060.8259540.869889
2024-08-050.8046560.846756
2024-08-020.8198650.864694
2024-08-010.8452990.892310
2024-07-310.8638990.911609
2024-07-300.8363420.882553
2024-07-290.8501280.896704
2024-07-260.8453250.891077
2024-07-250.8321340.877127
2024-07-240.8537150.900109
2024-07-230.8694000.916673
2024-07-220.8829520.930627
2024-07-190.8787750.926517
2024-07-180.8911000.939394
2024-07-170.8892870.937141
2024-07-160.8994710.947896
2024-07-150.9102580.958993
2024-07-120.9080000.956621
2024-07-110.9043010.952678
2024-07-100.8830730.930706
2024-07-090.8826420.930279
2024-07-080.8731050.919963
2024-07-050.8864800.934195
2024-07-040.8896790.937150
2024-07-030.8887800.936231
2024-07-020.8848470.932474
2024-06-280.8798550.926368
2024-06-270.8762650.922614
2024-06-260.8981080.945565
2024-06-250.8991690.946708
2024-06-240.8898560.936633
2024-06-210.9093310.956831
2024-06-200.9166760.964278
2024-06-190.9292790.977789
2024-06-180.9193160.967257
2024-06-170.9179700.966242
2024-06-140.9264060.975119
2024-06-130.9285540.977101
2024-06-120.9248610.973089
2024-06-110.9227950.971242
2024-06-070.9249810.973344
2024-06-060.9251130.973050
2024-06-050.9334830.982111
2024-06-040.9372000.986124
2024-06-030.9381600.988011
2024-05-310.9267390.975766
2024-05-300.9217860.970200
2024-05-290.9330040.981497
2024-05-280.9288800.976808
2024-05-270.9283200.975710
2024-05-240.9262300.974053
2024-05-230.9366820.984529
2024-05-220.9414440.989257
2024-05-210.9399240.987224
2024-05-200.9525150.999618
2024-05-170.9579281.005547
2024-05-160.9663921.014378
2024-05-140.9643361.013476
2024-05-130.9460690.994227
2024-05-100.9587571.007657
2024-05-090.9631961.012354
2024-05-080.9478060.996521
2024-05-070.9465800.995729
2024-05-060.9472910.996036
2024-05-030.9384040.985704
2024-05-020.9220140.968591
2024-04-300.9128120.960175
2024-04-290.9196360.967454
2024-04-260.9186420.966635
2024-04-250.8885590.934857
2024-04-240.8940910.941068
2024-04-230.8782450.924702
2024-04-220.8654360.911307
2024-04-190.8634060.908663
2024-04-180.8786770.924536
2024-04-170.8702030.915426
2024-04-160.8529030.897322
2024-04-150.8705440.915548
2024-04-120.8900910.936978
2024-04-110.8947770.941861
2024-04-100.8864620.932840
2024-04-090.8960660.942302
2024-04-080.8925020.938578
2024-04-050.9017300.947835
2024-04-030.9006720.946622
2024-04-020.9205080.967416
2024-03-280.9215230.967935
2024-03-270.9072890.952566
2024-03-260.9274590.973690
2024-03-250.9416800.988338
2024-03-220.9652421.012929
2024-03-210.9669451.014666
2024-03-200.9558291.003106
2024-03-190.9479480.994782
2024-03-180.9535531.000149
2024-03-150.9451240.991560
2024-03-140.9318200.977627
2024-03-130.9256700.971202
2024-03-120.9179760.963081
2024-03-110.8985360.942417
2024-03-080.8883490.931446
2024-03-070.8802750.923002
2024-03-060.8941250.937992
2024-03-050.8875680.930921
2024-03-040.9051460.949382
2024-03-010.8888880.932556
2024-02-290.8781050.921342
2024-02-280.8553320.897260
2024-02-270.8863590.929317
2024-02-260.8792780.921845
2024-02-230.8792940.921704
2024-02-220.8645820.906015
2024-02-210.8488410.889332
2024-02-200.8474010.887776
2024-02-190.8412120.881245
2024-02-160.8280780.867399
2024-02-150.8225060.861248
2024-02-140.8225520.861113
2024-02-090.8178800.856095
2024-02-080.8150050.85323
2024-02-070.7936790.830651
2024-02-060.7812660.817993
2024-02-050.7526600.787869
2024-02-020.7812080.817519
2024-02-010.7979670.834869
2024-01-310.7901710.826464
2024-01-300.8126140.849887
2024-01-290.8295590.867081
2024-01-260.8461610.884356
2024-01-250.8542970.893230
2024-01-240.8444610.882902
2024-01-230.8256150.863559
2024-01-220.8163950.853401
2024-01-190.8379710.875866
2024-01-180.8447910.883294
2024-01-170.8432950.881683
2024-01-160.8578320.897394
2024-01-150.8641190.903638
2024-01-120.8602220.899132
2024-01-110.8654400.904261
2024-01-100.8510660.889264
2024-01-090.8545690.892528
2024-01-080.8573880.894379
2024-01-050.8592100.896696
2024-01-040.8637360.900953
2024-01-030.8597110.896565
2024-01-020.8656020.903650
2023-12-290.8764980.914334
2023-12-280.8651850.902766
2023-12-270.8523710.889072
2023-12-220.8550810.891719
2023-12-210.8725880.909645
2023-12-200.8619920.898345
2023-12-190.8718810.907612
2023-12-180.8669510.902011
2023-12-150.8723360.908389
2023-12-140.8768890.913585
2023-12-130.8752710.912279
2023-12-120.8736800.910292
2023-12-110.8700200.906010
2023-12-080.8651670.901163
2023-12-070.8682800.904710
2023-12-060.8594820.895501
2023-12-050.8584720.895308
2023-12-040.8787700.916070
2023-12-010.8881000.925428
2023-11-300.8715890.907748
2023-11-290.8770920.912721
2023-11-280.8830040.917893
2023-11-270.8729450.906755
2023-11-240.8692790.902867
2023-11-230.8798720.914678
2023-11-220.8742780.908530
2023-11-210.8882540.922936
2023-11-200.8897380.924145
2023-11-170.8777870.911873
2023-11-160.8797450.914503
2023-11-150.8788490.914091
2023-11-140.8717380.906572
2023-11-130.8655050.900320
2023-11-100.8424290.876238
2023-11-090.8510670.885240
2023-11-080.8645060.899805
2023-11-070.8513450.886543
2023-11-060.8402530.875153
2023-11-030.8182210.852390
2023-11-020.8056070.839264
2023-11-010.8130460.846831
2023-10-310.8076800.841257
2023-10-300.8202900.853938
2023-10-270.8013080.834092
2023-10-260.7967440.829290
2023-10-250.8070280.840008
2023-10-240.8041030.837107
2023-10-200.8076980.840725
2023-10-190.8191110.852555
2023-10-180.8279550.862316
2023-10-170.8480280.882552
2023-10-160.8533860.887320
2023-10-130.8621340.897113
2023-10-120.8810860.916641
2023-10-110.8827630.917907
2023-10-100.8772850.912096
2023-10-060.8913480.927974
2023-10-050.8867060.923023
2023-10-040.8854140.921412
2023-10-030.8863800.922729
2023-09-290.8919640.928199
2023-09-280.8863130.922127
2023-09-270.8772390.911638
2023-09-260.8672660.901298
2023-09-250.8613630.894560
2023-09-220.8747070.908689
2023-09-210.8528070.885961
2023-09-200.8665950.900516
2023-09-190.8756600.909533
2023-09-180.8871530.921204
2023-09-150.8821700.916891
2023-09-140.8863020.921285
2023-09-130.9021450.937408
2023-09-120.9084590.944067
2023-09-110.9138040.950164
2023-09-070.9073710.944167
2023-09-060.9224820.960215
2023-09-050.9262230.963907
2023-09-040.9374820.974734
2023-08-310.9275930.965158
2023-08-300.9251610.963258
2023-08-290.9200580.957823
2023-08-280.8883690.924716
2023-08-250.8896630.925633
2023-08-240.9236910.960834
2023-08-230.9240070.960966
2023-08-220.9417940.978879
2023-08-210.9243120.960741
2023-08-180.9099730.945101
2023-08-170.9259900.961314
2023-08-160.9159220.951038
2023-08-150.9345350.969332
2023-08-140.9473060.982069
2023-08-110.9293310.962992
2023-08-100.9528950.987591
2023-08-090.9530190.987901
2023-08-080.9665861.001055
2023-08-070.9838271.017909
2023-08-040.9783631.012670
2023-08-030.9620240.995012
2023-08-020.9619990.994391
2023-08-010.9792671.011168
2023-07-310.9849521.017625
2023-07-280.9767521.008779
2023-07-270.9667760.999204
2023-07-260.9669430.999329
2023-07-250.9908531.025193
2023-07-240.9700521.003703
2023-07-210.9679201.001986
2023-07-200.9769931.010853
2023-07-190.9824511.015900
2023-07-180.9943061.028669
2023-07-141.0175951.052743
2023-07-131.0120491.047869
2023-07-120.9836751.019009
2023-07-110.9966551.032488
2023-07-100.9881181.023757
2023-07-071.0051741.041202
2023-07-061.0122551.047751
2023-07-051.0091121.044540
2023-07-041.0152401.051989
2023-07-031.0059911.042773
2023-06-301.0183051.05614
2023-06-291.022781.061122
2023-06-281.0177421.055244
2023-06-271.0340061.07237
2023-06-261.0228551.060395
2023-06-231.0528561.091685
2023-06-211.061221.100274
2023-06-201.0911161.1311
2023-06-191.0959851.134902
2023-06-161.1091821.149265
2023-06-151.0873851.127024
2023-06-141.0811981.1221
2023-06-131.0553061.095566
2023-06-121.0395421.079542
2023-06-091.0353651.075974
2023-06-081.0325681.072908
2023-06-071.0374491.078748
2023-06-061.0280011.069184
2023-06-051.0353581.07625
2023-06-021.0086961.048711
2023-06-011.0095541.04863
2023-05-310.9951161.03373
2023-05-300.9973411.036775
2023-05-290.9693881.006935
2023-05-250.9493500.98679
2023-05-240.915140.950419
2023-05-230.9163290.952630
2023-05-220.9374040.973329
2023-05-190.9446850.979231
2023-05-180.9519650.988024
2023-05-170.9284820.963965
2023-05-160.9329540.969525
2023-05-150.9729021.010966
2023-05-120.9859161.024692
2023-05-111.0027631.041553
Key Facts

Manager:

GF International Investment Management Limited

Trustee:

BOCI-Prudential Trustee Limited

Custodian:

Bank of China (Hong Kong) Limited

QFI Custodian: 

Bank of China Limited 

Dealing frequency:

Daily, each day (other than a Saturday or Sunday) on which banks in Hong Kong are open for normal banking business

Base currency:

USD

Dividend policy:

Currently on a monthly basis for Class A (USD) Units, Class A (HKD) Units, Class A (RMB) Units, Class A (USD) PF Units, Class A (HKD) PF Units, Class A (RMB) PF Units, Class I (USD) Units, Class I (HKD) Units, Class I (RMB) Units, Class I (USD) PF Units, Class I (HKD) PF Units and Class I (RMB) PF Units, subject to the Managers discretion. 

Distributions may, at the Managers discretion, be paid out of the capital or effectively out of the capital of the Sub-Fund, which will result in an immediate reduction of net asset value (NAV) per unit.

Financial year end of the Sub-Fund:

31 December

Class

Class A (USD) Units, Class A (HKD) Units,

Class A (RMB) Units, Class A (USD) PF Units, Class A (HKD) PF Units and Class A (RMB) PF Units

 

Current

Maximum

Subscription Charge

(% of the total subscription amount)

 

Up to 5%

5%

Redemption Charge

(% of the total redemption amount)

Nil

2%

Management Fee

(% of the Net Asset Value of the relevant Class per annum)

1.5%

1.3%(PF Units)

3%

Performance Fee

(Applicable for PF Units only)

15% of the increase in the Net Asset Value per Unit of the relevant Class above the High Water Mark

N/A

 

 

 

INVESTING IN THE FUND AND REDEMPTION OF UNITS

Classes

Class A (USD) Units and PF Units

Class A (HKD) Units and PF Units

Class A (RMB) Units and PF Units

 

 

 

 

Minimum Initial Subscription Amount

USD1,000

HKD10,000

RMB10,000

 

 

 

 

Minimum Subsequent Subscription Amount

USD1,000

HKD1,000

RMB1,000

 

 

 

 

Minimum Redemption Amount

USD100

HKD1,000

RMB1,000

 

 

 

 

Minimum Holding Amount

USD100

HKD1,000

RMB1,000

 

 

 

 

Class

Class I (USD) Units, Class I (HKD) Units,

Class I (RMB) Units, Class I (USD) PF Units, Class I (HKD) PF Units and Class I (RMB) PF Units

 

Current

Maximum

Subscription Charge

(% of the total subscription amount)

Up to 3%

3%

Redemption Charge

(% of the total redemption amount)

Nil

Nil

Management Fee

(% of the Net Asset Value of the relevant Class per annum)

1.0%

0.8%(PF Units)

3.0%

Performance Fee

(Applicable for PF Units only)

15% of the increase in the Net Asset Value per Unit of the relevant Class above the High Water Mark

N/A

 

 

 

INVESTING IN THE FUND AND REDEMPTION OF UNITS

Classes

Class I (USD) Units and PF Units

Class I (HKD) Units and PF Units

Class I (RMB) Units and PF Units

 

 

 

 

Minimum Initial Subscription Amount

USD200,000

HKD1,000,000

RMB1,000,000

 

 

 

 

Minimum Subsequent Subscription Amount

USD20,000

HKD100,000

RMB100,000

 

 

 

 

Minimum Redemption Amount

USD20,000

HKD100,000

RMB100,000

 

 

 

 

Minimum Holding Amount

USD200,000

HKD1,000,000

RMB1,000,000

 

 

 

 

 

 

 

 

Document Download
Fund Documents
Financial Reports
Notices & Announcements