Eastspring Investments - China Bond Fund - ADM

USD 9.679
NAV as of 05 Jul 2022
$-0.05
Daily $ Change
-0.50 %
Daily % Change

Morningstar rating*: No rating

Important information

  • Eastspring Investments – China Bond Fund is referred to as the ‘Fund’.
  • The Fund invests in bonds and is subject to interest rate fluctuation and exposed to credit default, valuation and credit rating risks as well as credit risk of the counterparties with which it trades and sovereign debt risk. Pertaining to investments in high yield/unrated/non-investment grade bonds /non-investment grade sovereign bonds, these securities may be subject to higher credit risks and liquidity risks, compared with investment grade bonds, with an increased risk of loss of investments. Investment grade bonds are subject to the risks of credit rating downgrades.
  • The Funds investment in securities issued or guaranteed by governments may be exposed to political, social, and economic risks. The Fund may suffer significant loses when there is a default of sovereign debt issuers.
  • The Fund invests in a single country, and may be subject to greater volatility compared to more diversified funds.
  • The Fund may invest in China A-shares via the Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect, and Chinese debt securities on China interbank bond market (“CIBM”) via CIBM Direct Access Program and/or Bond Connect and may be exposed to risks relating to these channels. Such investments may be exposed to risks associated with RMB currency and conversion, tax rule and practices as well as high volatility and exchange policies of the Chinese market.
  • The Fund may suffer substantial losses if the approval of the QFII /RQFII Licence is being revoked or if any key operators is bankrupt/in default and/or is disqualified from performing its obligation.
  • The Fund’s investment in Chinese markets subject it to greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
  • The Fund may invest in securities denominated in currencies other than the Fund’s base currency and may be exposed to currency and exchange rates risk.
  • The Fund’s investments in bonds in emerging markets may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of securities traded in such markets may be subject to fluctuations. The Fund may incur substantial losses if it is unable to sell those investments with high liquidity risks at opportune times or prices.
  • The Fund may use financial derivatives instruments (FDIs) for hedging and efficient portfolio management purposes. Using FDIs may expose the Fund to market risk, management risk, credit risk, counterparty risk, liquidity risk, volatility risk, operational risk, leverage risk, valuation risk and over-the-counter transaction risk. The use of such instruments may be ineffective and the Fund may incur significant losses.
  • The Fund's Board of Directors may, at its discretion, pay dividends out of capital or gross income while charging all or part of the fees and expenses to the Fund’s capital, resulting in higher distributable income. Thus, the Fund may effectively pay dividends out of capital. Payment of dividends out of capital (effectively or not) amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, which may result in an immediate reduction of the net asset value per share.
  • Investment involves risk. Investors should not rely solely on this document in making investment decision. Past performance information presented is not indicative of future performance.
target

Fund objective

The Sub-Fund seeks to maximise total return by investing at least 70% of its net assets in fixed income / debt securities denominated in Renminbi (offshore Renminbi (CNH) or onshore Renminbi (CNY)). The Sub-Fund may also invest in non-Renminbi denominated securities. 

Investments in Chinese onshore fixed income/debt securities, which will be at least 70% and may be up to 100% of the Sub-Fund’s net assets, will be through the China interbank bond market direct access program (the “CIBM Direct Access Program”), QFII/RQFII and/or China Hong Kong Bond Connect (“Bond Connect”). 
 

Fund facts

Asset class Bond
Class ADM
Subscription method N.A.
ISIN code LU2357793079
Bloomberg ticker EARAUAU LX
Minimum initial investment USD 500
Minimum subsequent investment USD 50
Inception date 24 Jun 2021
Base currency USD
Initial sales charge Max 3%
Annual management fees MAX 1.0%
Morningstar rating* No rating

Footnote :
* Rating should not be taken as a recommendation. © Morningstar. All rights reserved.