1719063589

Global X HSCEI Components Covered Call Active ETF

3416 HKD

Invest in 3416

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 HSCEI Components Covered Call Active ETF (the “Fund”) aims to generate income by primarily investing in constituent equity securities in the Hang Seng China Enterprises Index (the “Reference Index” or the “HSCEI”) and selling (i.e. “writing”) call options on the Reference Index to receive payments of money from the purchaser of call options (i.e. “premium”).
  • The objective of adopting a covered call strategy is to generate income and reduce potential loss against the downward market. Each time the Fund writes a HSCEI Call Option, the Fund receives a premium. If the value of the securities relating to the Reference Index held by the Fund declines, the premium that the Fund received for writing the HSCEI Call Option may reduce such loss to some extent. However, the downside of adopting a covered call strategy is that the Fund’s opportunity to profit from an increase in the level of the Reference Index is limited to the strike price of the HSCEI Call Options written, plus the premium received.
  • The Fund is an ETF which adopts a covered call strategy by (i) investing in constituent equity securities in the Reference Index and the HSCEI ETF and long positions of HSCEI Futures, and (ii) writing call options on the Reference Index. The Fund is one of the first covered call ETFs in Hong Kong. Such novelty makes the Fund riskier than traditional ETFs investing in equity securities.
  • The Fund employs an actively managed investment strategy. In addition to seeking to obtain exposure to the constituent equity securities in the Reference Index in substantially the same weightings as these securities have in the Reference Index through investing directly in constituent equity securities of the Reference Index and HSCEI ETF and long positions of HSCEI Futures, the Fund also writes call options on the Reference Index. The Fund may fail to meet its objective as a result of the implementation of investment process which may cause the Fund to underperform as compared to direct investments in the constituent equity securities of the Reference Index.
  • The market value of a HSCEI Call Option may be affected by an array of factors including but not limited to supply and demand, interest rates, the current market price of the Reference Index in relation to the strike price of the HSCEI Call Options, the actual or perceived volatility of the Reference Index and the time remaining until the expiration date. The Fund’s ability to utilise HSCEI Call Options successfully will depend on the ability of the Manager to correctly predict future price fluctuations, which cannot be assured and are subject to market behaviour or unexpected events.
  • If a HSCEI Call Option expires and if there is a decline in the market value of the Reference Index during the option period, the premiums received by the Fund from writing the HSCEI Call Options may not be sufficient to offset the loss realised.
  • The Fund may write HSCEI Call Options over an exchange or in the OTC market. The HSCEI Call Options in the OTC markets may not be as liquid as exchange-listed options. There may be a limited number of counterparties which are willing to enter into HSCEI Call Options as purchasers or the Fund may find the terms of such counterparties to be less favorable than the terms available for listed options. Moreover, the SEHK may suspend the trading of options in volatile markets. If trading is suspended, the Fund may not be able to write HSCEI Call Options at times that may be desirable or advantageous to do so.
  • The use of futures contracts involves risks that are potentially greater than the risks of investing directly in securities and other more traditional assets. The risks include but not limited to market risk, volatility risk, leverage risk and negative roll yields and “contango” risk.
  • Investing in HSCEI Futures and writing HSCEI Call Options generally involve the posting of margin. Additional funds may need to be posted as margin to meet margin calls based upon daily marking to market of the HSCEI Futures and the HSCEI Call Options. Increases in the amount of margin or similar payments may result in the need for the Fund to liquidate its investments at unfavourable prices in order to meet margin calls. If the Fund is unable to meet its investment objective as a result of margin requirements imposed by the HKFE, the Fund may experience significant losses.
  • HSCEI Futures and HSCEI Call Options are registered, cleared and guaranteed by the HKFE Clearing Corporation. In the event of the bankruptcy of the clearing house, the Fund could be exposed to a risk of loss with respect to its assets that are posted as margin.
  • The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region or country (Mainland China). The Fund may likely be more volatile than a broad-based fund, such as a global equity fund, as it is more susceptible to fluctuations resulting from adverse conditions in Mainland China. In addition, to the extent that the constituent securities of the Reference Index are concentrated in Hong Kong listed Mainland securities of a particular sector or market, the investments of the Fund may be similarly concentrated. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Fund may be more susceptible to adverse conditions in such particular market/sector.
  • The borrower may fail to return the securities in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests. As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund.
  • The base currency of the Fund is HKD but the class currencies of the Shares are in HKD, RMB and USD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • Payments of distributions out of capital 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 may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment.
  • The trading price of the Fund unit (the “Unit”) on the SEHK 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 HSCEI Components Covered Call Active ETF?

Income* Potential

While Covered call writing limits upside potential to some extent, it provides a relatively stable income for investors especially during rangebound scenarios.

* While Covered call writing limits the potential growth, it provides a relatively stable option premium income for investors. Mirae Asset Group has extensive experience in running covered call strategies. Source: Morningstar, Dec 31, 2023.

Aim for Monthly Distributions (Dividend rate is not guaranteed, distributions may be made out of capital #)

Aim to generate income through option selling and distribute it monthly to investors.

# Positive distribution does not mean positive return. Payments of distributions out of capital 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 may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment.

Reduced Volatility

Selling call options acts as a hedge during market downturns, reducing portfolio volatility.

Fund InformationAs of 20 Jun 2024

Fund Inception Date 28 Feb 2024
SEHK Listing Date 29 Feb 2024
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year ^ 0.75%
Distribution Frequency Monthly at the Manager’s discretion
(Dividend rate is not guaranteed, distributions may be made out of capital #)
NAV Per Share HKD $10.56
^ 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.

Distributions

Ex-date 28 June 2024
Pay Date 5 July 2024
Dividend Per Share (HKD) 0.15 # Dividend rate is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion and please refer to important information.

Trading InformationAs of 20 Jun 2024

Exchange Hong Kong Exchange
Stock Code 3416
ISIN HK0000978954
Board Lot Size 500 Units
Trading Currency HKD
Total Net Asset Value $59,134,058.12
Outstanding Units 5,600,000

ETF Summary

The investment objective of the Global X HSCEI Components Covered Call Active ETF is to generate income by primarily (i) investing in constituent equity securities in the Hang Seng China Enterprises Index (the “Reference Index” or the “HSCEI”); and (ii) selling (i.e. “writing”) call options on the Reference Index to receive payments of money from the purchaser of call options (i.e. “premium”).


# 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 there is no guarantee as to the actual frequency and/or amount of dividend payments. Please note that a positive distribution yield 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 Unit2As of 20 Jun 2024

NAV Change % Change
Official NAV per Unit in HKD $10.56 $-0.01 -0.06%

Performance

Cumulative Return Fund NAV (%) Benchmark (%)
1 Mth - -
3 Mths - -
6 Mths - -
1 Yr - -
YTD - -
Since Inception - -
Calendar Year Return Fund NAV (%) Benchmark (%)
2023 - -
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, NAV-to-NAV, with dividend reinvested.
• These figures show by how much the Fund increased or decreased in value during the calendar year shown.
• Performance data has been calculated in HKD including ongoing charges and excluding trading costs on HKEX you might have to pay.
• Where no past performance is shown there was insufficient data available in that year to provide performance.
• Fund inception date: 28 Februrary 2024

Option Details As of 20 Jun 2024

Net Asset Value of the Fund HKD 59,134,058.12
Closing level of Hang Seng China Enterprises Index 6,556.10

Option Position Notional Exposure Strike Potential Upside Before Strike Expiration Date Calendar Days to Expiry Index Price
Short HANG SENG CHINA ENT 6,600 Call Option HKD$-11,473,175.00 6,600 0.67% 06/27/2024 7 6,556
Short HANG SENG CHINA ENT 6,500 Call Option HKD$-43,925,870.00 6,500 0% 06/27/2024 7 6,556

Daily HoldingsAs of 20 Jun 2024

Name of Securities Exchange Ticker Exchange Market Price (in HKD) Number of Shares Held Market Value (in HKD) Net Assets (%)
MEITUAN-CLASS B 3690 HK Hong Kong 119.9 34,583 4,146,501.70 7.01
TENCENT HOLDINGS LTD 700 HK Hong Kong 387.6 10,399 4,030,652.40 6.82
CHINA CONSTRUCTION BANK 939 HK Hong Kong 5.79 689,864 3,994,312.56 6.75
ALIBABA GROUP HOLDING LTD 9988 HK Hong Kong 73.4 51,377 3,771,071.80 6.38
CHINA MOBILE LTD 941 HK Hong Kong 74.3 39,209 2,913,228.70 4.93
CNOOC LTD 883 HK Hong Kong 23.5 99,485 2,337,897.50 3.95
IND & COMM BK OF CHINA 1398 HK Hong Kong 4.58 498,101 2,281,302.58 3.86
BANK OF CHINA LTD 3988 HK Hong Kong 3.89 533,220 2,074,225.80 3.51
XIAOMI CORP-CLASS B 1810 HK Hong Kong 18.52 111,358 2,062,350.16 3.49
PING AN INSURANCE GROUP CO 2318 HK Hong Kong 37.4 42,739 1,598,438.60 2.70
BYD CO LTD 1211 HK Hong Kong 237.6 6,651 1,580,277.60 2.67
JD.COM INC-CLASS A 9618 HK Hong Kong 112.4 10,137 1,139,398.80 1.93
PETROCHINA CO LTD 857 HK Hong Kong 7.8 134,537 1,049,388.60 1.77
KUAISHOU TECHNOLOGY 1024 HK Hong Kong 49.5 19,420 961,290.00 1.63
CHINA MERCHANTS BANK 3968 HK Hong Kong 35.7 24,882 888,287.40 1.50
CHINA SHENHUA ENERGY CO 1088 HK Hong Kong 40.3 21,535 867,860.50 1.47
CHINA PETROLEUM & CHEMICAL 386 HK Hong Kong 4.94 155,443 767,888.42 1.30
ANTA SPORTS PRODUCTS LTD 2020 HK Hong Kong 79.75 9,031 720,222.25 1.22
AGRICULTURAL BANK OF CHINA 1288 HK Hong Kong 3.44 186,207 640,552.08 1.08
NETEASE INC 9999 HK Hong Kong 144 4,405 634,320.00 1.07
LI AUTO INC-CLASS A 2015 HK Hong Kong 71.2 8,794 626,132.80 1.06
LENOVO GROUP LTD 992 HK Hong Kong 12.04 51,412 619,000.48 1.05
ZIJIN MINING GROUP CO LTD 2899 HK Hong Kong 16.66 34,751 578,951.66 0.98
CHINA RESOURCES LAND LTD 1109 HK Hong Kong 27.25 20,462 557,589.50 0.94
CHINA LIFE INSURANCE CO 2628 HK Hong Kong 11.38 47,448 539,958.24 0.91
NONGFU SPRING CO LTD 9633 HK Hong Kong 41.1 12,841 527,765.10 0.89
SEMICONDUCTOR MANUFACTURING 981 HK Hong Kong 19.14 26,670 510,463.80 0.86
HAIER SMART HOME CO LTD 6690 HK Hong Kong 28.15 15,493 436,127.95 0.74
TRIP.COM GROUP LTD 9961 HK Hong Kong 392.8 1,088 427,366.40 0.72
SHENZHOU INTERNATIONAL GROUP 2313 HK Hong Kong 81.05 5,272 427,295.60 0.72
BAIDU INC-CLASS A 9888 HK Hong Kong 88.85 4,509 400,624.65 0.68
CSPC PHARMACEUTICAL GROUP LT 1093 HK Hong Kong 6.44 56,925 366,597.00 0.62
CITIC LTD 267 HK Hong Kong 7.63 46,372 353,818.36 0.60
GEELY AUTOMOBILE HOLDINGS LT 175 HK Hong Kong 9.15 38,501 352,284.15 0.60
BANK OF COMMUNICATIONS CO 3328 HK Hong Kong 6.25 55,813 348,831.25 0.59
CHINA OVERSEAS LAND & INVEST 688 HK Hong Kong 14.12 24,426 344,895.12 0.58
ENN ENERGY HOLDINGS LTD 2688 HK Hong Kong 68.2 5,049 344,341.80 0.58
XPENG INC - CLASS A SHARES 9868 HK Hong Kong 29.4 10,237 300,967.80 0.51
CHINA RESOURCES BEER HOLDING 291 HK Hong Kong 28.05 10,342 290,093.10 0.49
CHINA MENGNIU DAIRY CO 2319 HK Hong Kong 13.38 20,073 268,576.74 0.45
CHINA UNICOM HONG KONG LTD 762 HK Hong Kong 6.78 39,021 264,562.38 0.45
LI NING CO LTD 2331 HK Hong Kong 18 14,830 266,940.00 0.45
POSTAL SAVINGS BANK OF CHI 1658 HK Hong Kong 4.53 56,975 258,096.75 0.44
SUNNY OPTICAL TECH 2382 HK Hong Kong 51.25 4,545 232,931.25 0.39
SENSETIME GROUP INC-CLASS B 20 HK Hong Kong 1.32 149,390 197,194.80 0.33
SINO BIOPHARMACEUTICAL 1177 HK Hong Kong 2.69 71,932 193,497.08 0.33
LONGFOR GROUP HOLDINGS LTD 960 HK Hong Kong 11.38 15,102 171,860.76 0.29
JD HEALTH INTERNATIONAL INC 6618 HK Hong Kong 23.65 7,116 168,293.40 0.28
HAIDILAO INTERNATIONAL HOLDI 6862 HK Hong Kong 15.36 10,662 163,768.32 0.28
JD LOGISTICS INC 2618 HK Hong Kong 8.47 16,881 142,982.07 0.24
HSCEI FUTURES 06/27/24 HCM4 Hong Kong 6542 28 -2,800.00 0.00
CALL HANG SENG CHINA ENT 06/27/24 6600 HSCEI 06/27/24 C6600 Hong Kong 49 -35 -85,750.00 -0.15
CALL HANG SENG CHINA ENT 06/27/24 6500 HSCEI 06/27/24 C6500 Hong Kong 96 -134 -643,200.00 -1.09
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Performance Simulator

Hover over the chart points for details
• The graph only shows simulated returns of the Fund and the Hang Seng Index based on different Hang Seng Index levels. The purpose of the graph is to illustrate the estimated capped upside of the Fund.
• The simulated returns do not necessarily reflect the realized return of the Fund and the Hang Seng Index in the future.

Market Makers 3

Mirae Asset Securities Co., Ltd.

Optiver Trading Hong Kong Limited

Participating Dealers 4

Mirae Asset Securities (HK) Limited

Haitong International Securities Company Limited

China Merchants Securities (HK) Co., Limited

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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.

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