Important Information

  1. Income Partners RMB Bond Fund (the “Fund”) invests primarily in RMB-denominated fixed income securities issued within the People's Republic of China ("PRC") directly through the Renminbi Qualified Foreign Institutional Investor (“RQFII”) quota of Income Partners Asset Management (HK) Limited (the “Manager”).
  2. The Fund is denominated in RMB and is subject to RMB currency risk. RMB is currently not freely convertible and is subject to exchange controls and restrictions.
  3. The Fund invests substantially in PRC bonds issued in mainland China and is subject to the risks relating to PRC bonds such as credit risk, credit rating related risks, risk relating to higher default bonds, interest rates risk, liquidity and valuation risks. The PRC bonds market may be subject to higher volatility compared to more developed markets.
  4. The Fund may be subject to the risks associated with changes in the PRC laws and regulations, including PRC tax laws, and such changes may have retrospective effect. Investment in the China market is subject to emerging market risk including political, economic, legal, regulatory and liquidity risks.
  5. The Fund invests in PRC securities through the RQFII quota of the Manager. It may not have exclusive use of the entire RQFII quota granted to the Manager. There is no assurance that the Manager will make available RQFII quota that is sufficient for the Fund’s investment at all times.
  6. The Fund may invest in financial derivative instruments for hedging purposes. There is no guarantee that the hedging techniques will be effective.
  7. The Manager may at its discretion pay distributions out of the capital of the Fund. Payment of distributions out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. Any such distributions may result in an immediate reduction of the net asset value per unit of the Fund.
  8. Investment involves risk. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.
  9. In making investment decisions, investors should not rely solely on the information in this website and should read the offering document of the Fund for further details including the risk factors.

Income Partners RMB Bond Fund

Key Features

Quick Facts

FUND SIZE (AUM)
RMB34 million as of end Oct 2017
MINIMUM INVESTMENT
Class 2 : USD 1,000 /
RMB 10,000 / HKD 10,000 / EUR 1,000
FEES & EXPENSES
Please refer to offering document for details
  • Income Partners RMB Bond Fund (the “Fund”) seeks long-term interest income and capital appreciation through investing all or substantially all of its assets in Renminbi (“RMB”)-denominated fixed income securities issued within mainland China.
  • Up to 100% exposure to China onshore bonds.
  • The Fund will focus on relatively high quality bonds and will provide active management to aim at reducing market downside volatility.
  • Distribution share classes aim to pay a monthly dividend. (the rate of dividend is however not guaranteed and may be paid out of the Fund’s capital. Please refer to Important Information #7).
  • The Fund offers USD, RMB, HKD and EUR share classes (both accumulation and distribution classes are available) and provides daily liquidity.
Summary Terms
Inception Date 2 July 2014
Fund AUM RMB34 million as of end Oct 2017
Share Class Class 2 (USD, RMB, HKD, EUR, Accumulation and Distribution)
Minimum Investment Class 2A : USD 1,000
Class 2B : RMB 10,000
Class 2C : HKD 10,000
Class 2D : EUR 1,000
Dealing Frequency Daily
Distributing Share Class available Yes
Dividend Frequency Monthly*
Investment Manager Income Partners Asset Management (HK) Limited
Trustee Cititrust Limited
Custodian & Administrator Citibank, N.A.
RQFII Custodian Industrial and Commercial Bank of China Limited (“ICBC”)
Transfer Agent Citicorp Financial Services Limited
Auditor Ernst & Young
Legal Advisors Akin Gump Strauss Hauer & Feld
ISIN Class 2A Dis (USD) HK0000204526
Class 2A Acc (USD) HK0000204534
Class 2B Dis (RMB) HK0000204542
Class 2B Acc (RMB) HK0000204559
Class 2C Dis (HKD) HK0000204567
Class 2C Acc (HKD) HK0000204575
Class 2D Dis (EUR) HK0000204583
Class 2D Acc (EUR) HK0000204591
Fund Domicile Hong Kong Unit Trust
Monthly Reports
Oct 2017 DL
Sep 2017 DL
Aug 2017 DL
Fund Documents
Product Key Facts Statement DL
Explanatory Memorandum DL
Notice to Unitholders - 30 Nov 2017 DL
Notice to Unitholders - 18 Sep 2017 DL
Notice to Unitholders - 30 Aug 2017 DL
Notice to Unitholders - 24 Nov 2016 DL
Notice to Unitholders - 30 Aug 2016 DL
Interim Report - 2017 DL
Annual Report - 2016 DL
* For Distribution (Dis) classes only. These classes aim to provide monthly dividend, the rate of dividend is however not guaranteed and may be paid out of the Fund’s capital. (Please refer to Important Information 7)

Monthly reports and offering documents of the Fund can be downloaded at www.fundinfo.com

This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.
Fund Net Asset Value
Value DateShare ClassISIN CodeCCYNAV
8 Dec 20172A (Accumulation)HK0000204534USD98.65
8 Dec 20172A (Distribution)HK0000204526USD91.30
8 Dec 20172B (Accumulation)HK0000204559RMB105.35
8 Dec 20172B (Distribution)HK0000204542RMB93.87
MONTHLY PERFORMANCE: CLASS 2B DISTRIBUTION RMB(%)^
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.09 -0.16 -0.37 -0.30 -0.53 0.54 -0.26 0.31 0.06 -0.57 -1.36
2016 0.12 0.07 0.08 -0.69 0.32 0.60 0.37 0.06 0.15 -0.01 -0.90 -1.39 -1.25
2015 0.98 0.93 -1.07 1.07 0.66 0.11 0.97 0.69 0.53 0.78 -0.26 0.84 6.37
2014 0.00 0.34 1.01 1.02 0.59 -0.22 2.77
CUMULATIVE PERFORMANCE (%)
As of 31 Aug 2017 YTD 1 Month 3 Months 6 Months 1 Year 3 Years# Since Inception#
2A Acc (USD) 3.64 -0.38 1.28 3.52 -1.43 -1.36 -0.19
2A Dis (USD) 3.63 -0.39 1.28 3.52 -1.43 -1.36 -0.15
2B Acc (RMB) -1.36 -0.58 -0.21 -0.45 -3.95 1.32 1.83
2B Dis (RMB) -1.36 -0.57 -0.20 -0.45 -3.61 1.32 1.92
CALENDAR YEAR PERFORMANCE (%)
Share Class 2014* 2015 2016 Inception Date
2A Acc (USD) 2.22 0.78 -6.92 4 Jul 2014
2A Dis (USD) 2.36 0.78 -6.91 8 Jul 2014
2B Acc (RMB) 2.50 6.39 -1.26 4 Jul 2014
2B Dis (RMB) 2.77 6.37 -1.25 11 Jul 2014
DIVIDEND DISTRIBUTION**
Dividend Class Dividend Rate
per Unit
Record Date Ex-Dividend Date Dividend Payment
Date
Dividend Reinvestment Date Historical
Dividend
payment
Class 2A (USD) $0.08 30 Nov 2017 1 Dec 2017 5 Dec 2017 5 Dec 2017 DL
Class 2B (RMB) ¥0.25 30 Nov 2017 1 Dec 2017 5 Dec 2017 5 Dec 2017 DL
Source: Income Partners Asset Management (HK) Ltd.

For Distribution classes, fund performance is calculated on NAV to NAV basis in denominated currency with dividends re-invested. For Accumulation classes, fund performance is calculated on NAV to NAV basis in denominated currency.
YTD stands for year-to-date
^ Class 2B Distribution (RMB) is currently being the Sub-Fund’s largest unit class offered to the public in Hong Kong, which is viewed as the most appropriate representative share class. Returns are based on RMB currency. USD/HKD-based investors are therefore exposed to foreign exchange fluctuations.
# 3 Years and Since inception performance figures are annualized.
* The calendar performance figure is calculated from share class launch date to calendar year-end.
** Distribution classes aim to provide monthly dividends, the rate of dividend is however not guaranteed and may be paid out from the Fund’s capital. (Please refer to Important Information 7)

Please note that a positive dividend yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the Product Key Facts Statements) of the Fund for further details including the risk factors. The net distributable income means net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class. The net investment income excludes realized and unrealized gains.

This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.

Legal Information for investors of Hong Kong

The issuer of this website is Income Partners Asset Management (HK) Limited. Income Partners Asset Management (HK) Limited, its affiliates or subsidiaries (hereinafter collectively "Income Partners") assume no responsibility for the financial or other consequences arising from the subscription or purchase of the securities described in this website. The information contained in this section of the website is not intended as an offer to sell securities or a solicitation to buy fund(s) managed or advised by Income Partners Asset Management (HK) Limited (“Income Partners funds”). It aims to provide general information on Income Partners funds that have been authorized for retail sale in Hong Kong and are available for investment and purchase in Hong Kong. This site is not directed to individuals or organizations for whom such offer or invitation would be unlawful or prohibited. The fund(s) referred to in this section of the website is/are authorized by the Securities and Futures Commission (“SFC”) for sale to the public in Hong Kong. SFC authorization is not an official recommendation or endorsement of a scheme nor does it guarantee the commercial merits or its performance. It does not mean that a scheme is suitable for investors nor it is an endorsement of its suitability for any particular investor or class of investors. The material contained in this website has not been reviewed by the SFC. The information presented in this website is based, among other things, on market data at a given time, that is therefore subject to market changes and may change from time to time. Although Income Partners reasonably believes that the third party information contained in this website is accurate, complete and up-to-date, no guarantee beyond what Income Partners reasonably believes is accurate, complete and up-to-date is made as to the accuracy, completeness or reliability of information provided by third parties. This website does not collect personal information. "Cookies" may be stored on your computer for easy navigation. A "cookie" does not allow us to identify you, but stores information about navigation through our website (such as pages already visited, time and date of visit) which we can remember during the user's next visit to our website in order to improve your browsing experience. By clicking on this “Accept” button, you acknowledge and agree to the terms and conditions above. You undertake to access the information contained in this web site for your personal use and not for commercial use.

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