1719065342

Global X FTSE China Policy Bank Bond ETF

3041 HKD

Invest in 3041

Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X FTSE China Policy Bank Bond ETF (the “Fund”) seeks to provide investment results that, before the deduction of fees and expenses, closely correspond to the performance of the FTSE Chinese Policy Bank Bond Index (the “Index”).
  • Investing in the PRC inter-bank bond market via the Foreign Access Regime and/or the Bond Connect is subject to regulatory risks and various risks such as volatility risk, liquidity risk, settlement and counterparty risk as well as other risk factors typically applicable to fixed income securities. The relevant rules and regulations of the Foreign Access Regime and the Bond Connect are subject to change which may have potential retrospective effect. If a counterparty defaults in delivering securities, the trade may be cancelled which may adversely affect the value of the Fund.
  • The base currency of the Fund is RMB but the Units are traded in HKD. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors are exposed to foreign exchange risk.
  • The Index is subject to concentration risk as a result of tracking the performance of a single geographical region, namely the PRC and is concentrated in bonds of a few issuers (being the PRC policy bank bond issuers).
  • The Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with an investment in more developed markets, such as liquidity risk, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
  • Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of the capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
  • The trading price of the Fund unit (the “Unit”) on the Stock Exchange of Hong Kong is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund’s net asset value.

Why Global X FTSE China Policy Bank Bond ETF?

High Quality

The Global X FTSE China Policy Bank Bond ETF tracks the FTSE Chinese Policy Bank Bond Index, which has a market value of 18 trillion CNY and an index credit rating of A+*.

*Source: FTSE, Mirae Asset Global Investments, as of September 2022

Low Volatility

China policy bank bonds are relatively defensive compared to global government bonds, global investment grade credit, and global aggregate credit with 5-year annualized volatility as low as 1.7%^.

^Source: Bloomberg, September 2022

Reliable Source of Income

By investing in a diversified basket of RMB-denominated China policy bank bonds, the Fund helps investors diversify their portfolios and generate relatively stable income.

Fund InformationAs of 20 Jun 2024

Fund Inception Date 18 Oct 2022
SEHK Listing Date 19 Oct 2022
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year ^ 0.30%
Distribution Frequency Semi-annually at the Manager’s discretion (March and September) *
NAV Per Share RMB $52.05
Monthly Report
^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click to learn more. * Dividend is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion. Positive distribution does not imply positive return. Please refer to the IMPORTANT INFORMATION section above and the Fund’s prospectus for further details.

Index Information 1 As of 20 Jun 2024

Underlying Index FTSE Chinese Policy Bank Bond Index 2
Index Type Net Total Return
Base Currency RMB
Closing Level 180.32
Change 0.03
Change % 0.02%
Index Yield to Maturity 2.29%#
Index yield to maturity is not equivalent to yield/return of the fund;
positive yield does not mean positive return.
Index Duration 4.44#
No. of Holdings 147#
# Source: Mirae Asset Global Investments (Hong Kong) Limited., Bloomberg, as of 7 March 2024.

Distributions

Ex-date 22 March 2024
Pay Date 28 March 2024
Dividend Per Share (HKD) 0.65
Annualized Yield 2.32%*
Dividend is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion. Please refer to the IMPORTANT INFORMATION section above and the Fund’s prospectus for further details. Positive distribution does not imply a positive return.

Trading InformationAs of 20 Jun 2024

Exchange Hong Kong Stock Exchange
Stock Code 3041
ISIN HK0000866993
Board Lot Size 50 Units
Trading Currency HKD
Total Net Asset Value $15,046,559.03
Outstanding Units 270,000

ETF Summary

The Fund is a passive ETF seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the FTSE Chinese Policy Bank Bond Index (the “Index”).


*The Manager may at its absolute discretion declare distributions semi-annually to unitholders in each financial year and details of the distribution declaration dates, distribution amounts and ex-dividend payment dates will be published on the Manager’s website https://www.globalxetfs.com.hk/. Distributions may be made out of capital or income at the Manager’s discretion. There can be no assurance that a distribution will be paid and dividend rate is not guaranteed. Please refer to the prospectus of the Fund to understand the distribution policy and other details. The annualized yield is calculated as follows: (dividends per share distributed Mar 2024 * 2) / net asset value per unit of the Fund on 29 Feb 2024.Please note that a positive distribution does not imply a positive return on the total investment. Investors should not base investment decisions on the above information alone. Please refer to the Prospectus(including Product Key Facts Statement) for details including the product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance.

ETF Prices

* Market prices are provided on a 15-minute delayed basis by ICE Data Services. (See terms and conditions)

Daily NAV per Unit5As of 20 Jun 2024

NAV Change % Change
Official NAV per Unit in RMB $52.05 $0.00 0.01%
NAV per Unit in HKD 3 $55.73 $0.00 0.01%

Performance As of 20 Jun 2024

Cumulative Return Fund NAV (%) Benchmark (%)
1 Mth 0.59 0.63
3 Mths 1.42 1.54
6 Mths 3.32 3.58
1 Yr 4.86 5.21
YTD 2.83 3.04
Since Inception 6.59 7.18
Calendar Year Return Fund NAV (%) Benchmark (%)
2023 3.94 4.29
2022 - -
2021 - -
2020 - -
2019 - -
Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of the performance is based on the calendar year end, Net Asset Value to Net Asset Value.
• These figures show by how much the Fund increased or decreased in value during the calendar year shown. Performance data has been calculated in RMB including ongoing charges and excluding trading costs on SEHK you might have to pay.
• Where no past performance is shown, there was insufficient data available in that year to provide performance.
• The Index of the Fund is FTSE Chinese Policy Bank Bond Index.
• Fund inception date: 18 October 2022

Holdings Overview As of 20 Jun 2024

Total Net Asset Value (in HKD) Total Net Asset Value (in RMB) Number of Bonds Bonds Cash and Cash Equivalent (%)
15,046,559.03 14,053,011.14 25 95.36 4.64

Daily HoldingsAs of 20 Jun 2024

Name of Bond ISIN Market Price (in RMB) Market Value (in RMB) Net Assets (%)
SDBC 2.22 08/25/25 CND10005LHT0 100.45 1,386,243.12 9.86
ADBCH 2.74 02/23/27 CND10004SDM2 101.99 1,325,840.10 9.43
EXIMCH 2.61 01/27/27 CND10004R6Q6 101.61 1,016,115.00 7.23
ADBCH 3.06 06/06/32 CND100054BC8 105.22 894,391.25 6.36
ADBCH 2.96 04/17/30 CND100034271 104.03 832,214.40 5.92
ADBCH 2.46 07/27/25 CND10005H377 100.67 755,022.00 5.37
EXIMCH 3.38 07/16/31 CND10004BNT2 107.12 749,870.10 5.34
SDBC 2.52 05/25/28 CND10006GRG4 101.76 742,859.68 5.29
SDBC 3.41 06/07/31 CND1000484F6 107.25 729,268.72 5.19
SDBC 3.09 08/09/28 CND10004JK34 103.9 727,325.20 5.18
SDBC 3.07 03/10/30 CND10002RWH8 104.74 628,463.40 4.47
SDBC 2.77 10/24/32 CND10005S515 103.18 588,145.38 4.19
SDBC 2.68 09/13/29 CND10005NM01 102.57 461,572.65 3.28
SDBC 2.99 03/01/29 CND10004SKD6 103.77 415,090.40 2.95
EXIMCH 2.82 06/17/27 CND100058VQ7 102.39 409,573.20 2.91
SDBC 3.9 08/03/40 CND10003HJY9 118.87 344,710.24 2.45
EXIMCH 3.18 03/11/32 CND10004T1Y9 106.04 318,108.60 2.26
SDBC 2.96 07/18/32 CND10005G4Z4 104.61 261,529.00 1.86
EXIMCH 3.1 02/13/33 CND100063JL3 105.69 211,384.40 1.50
SDBC 2.82 05/22/33 CND10006GPV7 103.73 176,338.62 1.25
SDBC 3.49 11/08/41 CND10004NXL3 114.23 114,225.60 0.81
ADBCH 3.1 02/27/33 CND100064F16 105.63 105,626.10 0.75
ADBCH 2.83 06/16/33 CND10006KTX7 103.66 103,657.00 0.74
SDBC 3.02 03/06/33 CND1000651J2 105.25 52,626.10 0.37
EXIMCH 2.57 06/10/25 CND100054QC6 100.77 50,383.15 0.36
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.
20240620.00880.016528742262549180.3218

Tracking Difference / Error

Tracking Difference / Tracking Error

Tracking Difference
Tracking difference is the return difference between the Fund and the Underlying Index over a certain period of time.
Tracking Error
Tracking error measures how consistently the Fund follows the Underlying Index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference (TD)

Fund Listing Date:19 Oct 2022

Estimated Annual TD: -2.00%

TD (Since Listing): N/A%

TD for Calendar Year 2023:-0.36%

TD for Calendar Year 2022:-0.01%

Tracking Error (TE)

Fund Listing Date:19 Oct 2022

Rolling 1 Year TE^ :N/A%

^ Annualized based on the number of dealing days in the past year when daily TD is calculated.


Graph for Tracking Difference

ETFs performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution.

Hover over the chart points for details

Market Makers 6

Mirae Asset Securities Co., Ltd

Jane Street Asia Trading Limited

Participating Dealers 7

China Merchants Securities (HK) Co., Limited,

Haitong International Securities Company Limited,

Mirae Asset Securities (HK) Limited

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The information contained in this website is for information purposes only and does not, constitute any recommendations, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction. Investment involves risk. It cannot be guaranteed that the performance of the Product will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance.

Before making any investment decision to invest in the Product, investors should read the Product’s prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Product and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments.

Certain information contained in this website is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”), the Manager of the Product, has, to the best of its endeavor, ensured that such, information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information. Mirae Asset HK accepts no liability for, any loss or damage of any kind resulting out of the unauthorized use of this website.

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