富邦基金 | Fubon Fund Management

Important Information

• Fubon Asian Bond Target Maturity Fund 2024 (the “Fund”) invests predominantly in a portfolio of debt securities in Asia over an investment period of approximately 4 years from the close of the initial offer period of the Fund (expected to be 7 September 2020 to 25 September 2020) (the “Initial Offer Period”) and up to the “Maturity Date” (expected to be on or around 30 September 2024).
• There is no guarantee of repayment of principal and distribution of the Fund.  There is a risk that an investor may not recoup the original amount invested or may lose a substantial part or all of his or her investment in the Fund.
• The duration of the Fund is fixed and will be terminated automatically at maturity. Investors should consider whether the expected investment period of 4 years is suitable for their intended objectives.
• The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the Asian market on or before the Maturity Date as a result of the buy and hold strategy generally adopted by the Fund and the fixed investment period.  Unprecedented or unparalleled events impacting the economy or financial market on a global scale on or before the Maturity Date may in turn affect the Asian market and hence the performance of the Fund.
• Where investors redeem from the Fund before the Maturity Date, neither the distributions nor the capital of the Fund is guaranteed and redemption of units of the Fund prior to the Maturity Date will be subject to the value of the portfolio of instruments held by the Fund. Therefore, redemption proceeds may be lower or higher than the investors’ initial investments and there is no guarantee that the investor will receive the full amount of their original investment.
• The issuers of debt securities may repay principal before the respective maturity dates of the securities. Prepayments may cause losses on securities purchased at a premium.  The re-investment of proceeds received from the sale of debt securities or unscheduled prepayments may subject the Fund to out of market risk and the uncertainty of gaining access to debt securities delivering similar yield to maturity, and thus may result in lower interest income and returns to the Fund.
• If there are substantial redemptions within a short period of time, the Fund may need to liquidate some positions prematurely at an inopportune time or on unfavourable terms. The value of the Fund may therefore be adversely affected. The resulting decrease in the size of the Fund may also immediately increase the ongoing charges of the Fund.
• The Fund may be terminated early by the Manager or the Trustee in certain conditions. Upon such termination, all the assets of the Fund will be realised and the net proceeds which are available for distribution will be distributed to relevant investors. Certain investments held by the Fund will be worth less at the time of such sale or distribution than the initial cost of acquiring such investments, resulting in a loss to investors.
• The Fund will be closed to subsequent subscriptions after the Initial Offer Period, unless the Manager in its absolute discretion determines to re-open a particular class or classes of units of the Fund for subscription.
• The Fund invests in debt securities and is exposed to interest rate, volatility, liquidity, credit, downgrading, investing in below investment grade and unrated debt securities, valuation, credit rating, purchase at premium and sovereign debt risks
• The Manager currently intends to make quarterly dividend distribution for all classes of units at its discretion. Dividends may be paid out of capital or effectively out of capital of the relevant class.  Payment of dividends out of capital or effectively out of capital may require the Manager to sell the assets of the Fund and 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 distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction of the net asset value per unit of the relevant class.
• The Fund is subject to general investment, Asian market concentration, emerging market and derivative risks.
• You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum and product key facts statement for the details and the full risk disclosures of the Fund.