Fubon Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index ETF

Important Information

Important Information

  • Fubon Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index ETF (the “Sub-Fund”) is a sub-fund of Fubon ETF Series OFC (the “Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds.
  • Registration with and authorisation by the SFC do not represent a recommendation or endorsement of the Company or the Sub-Fund nor do they guarantee the commercial merits of the Company, the Sub-Fund or their performance. They do not mean the Company or the Sub-Fund are suitable for all investors nor do they represent an endorsement of their suitability for any particular investor or class of investors.
  • The Sub-Fund is a passively managed index tracking exchange traded fund (“ETF”).  It is denominated in HKD and traded in HKD on The Stock Exchange of Hong Kong Limited (the “SEHK”).
  • The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index (price return) (“Index”) which represents the overall performance of high-yield companies listed in Hong Kong and/or Mainland China and operate in Mainland China, Hong Kong and Macau.  There is no assurance that the Sub-Fund will achieve its investment objective.
  • The Sub-Fund’s investments are concentrated in companies in Mainland China, Hong Kong and Macau. The value of the Sub-Fund is subject to concentration risk and risks associated with the Mainland China, Hong Kong and Macau markets.  The Sub-Fund is also subject to emerging markets risks in respect of its investments in Mainland China and Macau. It may be more volatile than that of a fund investing in more developed markets and/or having a more diverse investment portfolio.
  • The Index is a new index launched on 23 August 2021. The Sub-Fund may be riskier than other ETFs tracking more established indices with longer operating history.
  • Investments in the Mainland China market may be subject to China A-shares market risk, risks associated with the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect and PRC tax risk.  High market volatility and potential settlement difficulties in the China A-shares market may result in significant fluctuations in the prices of the securities. Companies listed on ChiNext market and/or the Science and Technology Innovation 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 board.
  • The Sub-Fund is passively managed and the Manager and the Sub-Manager will not have the discretion to adapt to market changes nor take defensive positions in declining markets.  It may also be subject to tracking error risk.
  • The Sub-Fund is subject to trading risks that its shares may trade at a substantial premium or discount to its net asset value.  It is also subject to trading time differences risk due to the different trading hours of SEHK, the Shanghai Stock Exchange and the Shenzhen Stock Exchange.  China A-shares are also subject to trading bands which restrict increase and decrease in the trading price.  These may increase the level of premium/discount of the Sub-Fund’s share price to its net asset value.
  • The Sub-Fund is also subject to equity market risk, currency risk, RMB currency and conversion risks, early termination risk and reliance on market maker risks.
  • The Manager may, at its discretion, pay distributions out of capital or out of gross income while all or part of the fees and expenses are charged to capital, resulting in an increase in distributable income for the payment of distributions and therefore, distributions may be paid effectively out of capital.  Payment of dividends 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 investments. Any such distributions may result in an immediate reduction of the net asset value per share of the Sub-Fund.
  • Investment involves risks and your investment in the Sub-Fund may suffer losses.  You should not make investment decision on the basis of this material alone.  Please read the prospectus and the product key facts statement of the Sub-Fund for further details including the risk factors.

Investment Objective

The investment objective of the fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the index. There is no assurance that the fund will achieve its investment objective.
Market Information
  Last Date Change Change (%)
NAV per Unit in HKD (official) 11.6296 13/05/2024 0.0170 0.1464
Closing Price for Trading unit in HKD 11.6000 13/05/2024 -0.0100 -0.0861

Appropriation
Underlying Index Information

Underlying Index

Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index (price return)

Index Provider

Hang Seng Indexes Company Limited

Base Currency of Index

HKD

Inception Date

23 August 2021

Type of Underlying Index

The Index is a price return index, which calculates the performance of the Index constituents without adjustments for cash dividends or warrant bonuses.

Bloomberg Ticker

HSSSCHD

Trading Information

Exchange Listing

SEHK – Main Board

Listing Date

8 July 2022

Stock Code

3190

Stock Short Name

FB SSH HIGH DIV

Trading Board Lot Size

200 Units

Trading Currency

Hong Kong dollar (HKD)

SEDOL Code

BMQ7956

ISIN Code

HK0000865532

Bloomberg Ticker

3190 HK


Participating Dealers
China International Capital Corporation Hong Kong Securities Limited
Haitong International Securities Company Limited
Mirae Asset Securities (HK) Limited
Valuable Capital Limited
Citigroup Global Markets Asia Limited
Market Makers
Optiver Trading Hong Kong Limited
Flow Traders Hong Kong Limited
Investor education
Announcements
Market Price IFRAME
Tracking Error

Tracking Difference

Tracking Error

As of 30/4/2024

Product initial issue date: 6/7/2022

Rolling 1-year TD: -1.6856%

As of 30/4/2024
Product listing date: 6/7/2022
Rolling 1-year TE^: 5.1188%
^TE is measured by the standard deviation of the daily TD.
The standard deviation is calculated based on the daily TD over the rolling one year period.


Product's performance is calculated on an NAV-to-NAV basis without any reinvestment of distributions.
  1. Intra-day Market Price refers to the market price of Fubon Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong Limited (the “SEHK”).
  2. Change of the Closing NAV per Unit indicates the change of the Closing NAV per Unit since previous Dealing Day. Please refer to the Prospectus for more information on the determination of NAV and the definition of Dealing Day.
  3. Changes of the Closing price indicates the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.
  4. Underlying Index returns are for illustrative purposes only and are not indicative of future results. Underlying Index returns do not reflect any management fees, transaction costs or expenses. Change indicates the change since the last closing index level. Source: Hang Seng Data Services Limited, Bloomberg.


Source: Fund performance and index data are provided by Fubon Fund Management and the relevant index providers (if applicable) respectively.


Index Provider Disclaimer

The Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index (the “Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark(s) and name(s) Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index(es) by Fubon Fund Management (Hong Kong) Limited in connection Fubon Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index ETF (the “Product”), BUT NEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS OR REPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON (i) THE ACCURACY OR COMPLETENESS OF ANY OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO; OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF ANY OF THE INDEX(ES) OR ANY COMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION OR GUARANTEE OF ANY KIND WHATSOEVER RELATING TO ANY OF THE INDEX(ES) IS GIVEN OR MAY BE IMPLIED. The process and basis of computation and compilation of any of the Index(es) and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BY APPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITED OR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO ANY OF THE INDEX(ES) BY FUBON FUND MANAGEMENT (HONG KONG) LIMITED IN CONNECTION WITH THE PRODUCT; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES OR ERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF ANY OF THE INDEX(ES); OR (iii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED IN CONNECTION WITH THE COMPUTATION OF ANY OF THE INDEX(ES) WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FOR ANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER OR HOLDER OF THE PRODUCT OR ANY OTHER PERSON DEALING WITH THE PRODUCT AS A RESULT OF ANY OF THE AFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENG INDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.

The investment product(s) mentioned in this material is/are authorized by the Securities and Futures Commission ("SFC") in Hong Kong. Such authorization does not imply any official recommendation by the SFC. This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. This material is not intended for distribution in any jurisdiction outside of Hong Kong and it is only intended for the user who received this document from Fubon Fund Management (Hong Kong) Limited (“Fubon Fund Management”). This material should not be considered as an offer or solicitation to deal in any investment products. If you wish to receive advice on investment, please consult your professional legal, tax and financial advisers.


Fubon Fund Management which prepared this material believes that information in this material is based upon sources that are believed to be accurate, complete, and reliable. However, Fubon Fund Management does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. Fubon Fund Management is under no legal obligation to keep the information up-to-date. This material should not be reproduced or made available to others without the written consent of Fubon Fund Management. Please refer to the offering documents for the index provider disclaimer.


This material is prepared by Fubon Fund Management and has not been reviewed by the SFC in Hong Kong.


Issuer: Fubon Fund Management (Hong Kong) Limited