Bosera Stable Income 18-Month Interval Offering Bond Fund

Bosera Stable Income 18-Month Interval Offering Bond Fund – I

Important Notice

Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Explanatory Memorandum and the Key Facts Statement of the Sub-Fund for further details, including the product features and risk factors before making any investment decisions.

Bosera Stable Income 18-Month Interval Offering Bond Fund – I (the “Sub-Fund”) is a sub-fund of the Bosera Global Public Funds Series Open-ended Fund Company (“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. The Company has been registered with the Securities & Futures Commission (“SFC”) as an OFC and the Company and the Sub-Fund have been authorized by the SFC pursuant to section 104 of the Securities and Futures Ordinance. The SFC’s registration or authorization is not a recommendation or endorsement of the Company nor the Sub-Fund nor does it guarantee the commercial merits of the Company or the Sub-Fund or its performance. It does not mean the Company or the Sub-Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
There can be no assurance that an investor will achieve profits or avoid losses, significant or otherwise. Neither the income, the return nor the capital of the Sub-Fund is guaranteed. Investment in the Sub-Fund may decline in value and investors should be prepared to sustain a substantial or total loss of their investment.
The Sub-Fund may be terminated by the Manager in the manner as described in the constitutive documents, for example, where the NAV of the Sub-Fund is less than USD 30 million at any time after 1 year from the date of the first issue of Share relating to the Sub-Fund. It is possible that certain investments held by the Sub-Fund will be worth less than the initial cost of acquiring such investments, resulting in a loss to investors. Investors should note that the amount distributed to them upon termination of the Sub-Fund may be less than the amount of their initial investment. At least one month prior notice will be given to Shareholders in case of early termination of the Sub-Fund.
The Manager may exercise its discretion not to proceed with (i) the launch of the Sub-Fund during the Initial Offer Period or (ii) the launch of the immediately following Investment Period during a subsequent Offer Period. In such case, investors will be informed of the decision not to proceed with the launch of the Sub-Fund and/or the termination of the Sub-Fund (as the case may be) on or before the scheduled end date of the relevant Offer Period. In the event that the Sub-Fund is to be so terminated, the termination will take effect no earlier than one month after the publication of the Termination Notice. In addition, the Sub-Fund will be closed to subsequent subscriptions after each Offer Period and no subsequent subscription to the Sub-Fund will be accepted, until the next Offer Period.
The Sub-Fund is subject to risks pertaining to fixed income instruments, including Interest rate risk, Volatility and liquidity risk, Credit risk, Credit ratings risk, Credit rating agency risk, Purchase at premium risk, Downgrade risk, Valuation risk, Risks of investing in below investment grade and unrated bonds, Sovereign debt risk, Risks relating to investment in urban investment bonds, Counterparty risk.
There is no guarantee that any dividends will be distributed and thus investors may not receive any distributions. Where there is a distribution, there will not be a target level of dividend pay-out. 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 NAV per Share of the relevant class. The distribution amount and NAV of the hedged share class(es) may be adversely affected by differences in the interest rates of the reference currency of the hedged share class(es) and the Sub-Fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.

This material has not been reviewed by the Securities and Futures Commission.

KEY INFORMATION

Fund Manager: Bosera Asset Management (International) Co., Limited

Open-ended Fund Company: Bosera Global Public Funds Series Open-ended Fund Company

Initial Offer Period^α: 17th April 2023 to 28th April 2023

First Investment period^β: 2nd May 2023 to 31st October 2024

Base Currency: US dollars (USD)

Ongoing charges over a year^#: Class A Shares: estimated to be 1.50%
Class S Shares*: estimated to be 0.90%

Subscription Fee: Class A Shares: Up to 3% of the subscription amount
Class S Shares*: Nil

Management Fee: Class A Shares: 0.60% per annum
Class S Shares*: Nil

Performance Fee: Nil

Min. Initial Investment: Class A USD: USD 100
Class A HKD – MDis: HKD 1000
Class A RMB – MDis: RMB 1000
Class A RMB Hedged – MDis: RMB 1000
Class A USD – MDis: USD 100
Class S USD – MDis*: USD 1

Min. Subsequent Investment: Class A USD: USD 10
Class A HKD – MDis: HKD 100
Class A RMB – MDis: RMB 100
Class A RMB Hedged – MDis: RMB 100
Class A USD – MDis: USD 10
Class S USD – MDis*: USD 1

Distribution Policy^: Discretionary (if any)

FUND OBJECTIVE

The Sub-Fund aims to achieve stable income and total return by primarily investing in a portfolio of Greater China fixed income securities. The Sub-Fund will mainly adopt a buy-and-hold strategy with active risk monitoring to diversify risk and expand dividend sources during each 18-month Investment Period.

SHARECLASS DETAIL

	Type	ISIN	Bloomberg Ticker
Class A USD	Distribution	HK0000919677	BOSSTHD HK
Class A HKD-MDis	Monthly Distribution	HK0000919685	BOSSTBL HK
Class A RMB-MDis	Monthly Distribution	HK0000811056	BOIOBCA HK
Class A RMB Hedged-MDis	Monthly Distribution	HK0000811064	BOIOBAB HK
Class A USD-MDis	Monthly Distribution	HK0000811072	BOIOBAM HK
Class S USD-MDis*	Monthly Distribution	HK0000811080	BOIOBSS HK

	Type
Class A USD	Distribution
Class A HKD-MDis	Monthly Distribution
Class A RMB-MDis	Monthly Distribution
Class A RMB Hedged-MDis	Monthly Distribution
Class A USD-MDis	Monthly Distribution
Class S USD-MDis*	Monthly Distribution

* Class S Shares are available for subscription by the following categories of investors:

i. investors whose underlying investors may otherwise be charged with duplicate fees, including but not limited to fund-of-funds (which may be managed by the Manager or its Connected Persons) or repackaging notes; and

ii. current employees of the Manager or its affiliates at the time of subscription who submit dealing orders directly without going through any distribution channels.

The Manager will determine a person’s eligibility to subscribe for Class S Shares and will have the absolute discretion to decline any subscription application for Class S Shares as it sees fit.

α You may subscript or redeem (if applicable) sub-fund shares at the Initial Offer Period and/or Subsequent Offer Period (a period of 10 Business Days immediately after the end of the previous Investment Period). Please note that the subscription of Offer period(s): A Subscription fee in respect of Class A Shares of up to 3% of the subscription amount, no Subscription fee will be charged in respect of Class S Shares. No redemption fee is payable for redemptions during the Offer Period(s).

β You may redeem your Shares at the end of the First Investment Period and/or Subsequent Investment Period(s) (an 18-month period from the day following the end of the relevant offer period). No redemption fee is payable for redemptions at the end of the Investment Period(s). You may choose to redeem your Shares before the end of the First Investment Period and/or Subsequent Investment Period(s). Please note that a redemption fee of (i) 2% of the redemption price applies to redemptions during the 1st to 12th months of the First Investment Period and/or Subsequent Investment Period(s) and (ii) 1% of the redemption price applies to redemptions during the 13th to 18th months of the First Investment Period and/or Subsequent Investment Period(s), which will be deducted from the redemption proceeds and retained by the Sub-Fund. You may request switching to another sub-fund of the Company that is open for subscriptions at any time, subject to the applicable redemption fee as mentioned above, an additional switching fee in respect of Class A Shares of up to 1% of the redemption price, which will be deducted from the redemption proceeds and retained by the Manager, no switching fee will be charged on a switching request in respect of Class S Shares. Please note that no subscriptions will be allowed during an Investment Period.

# The ongoing charges figure is indicative only as the Sub-Fund is newly set up. It represents the sum of the estimated ongoing expenses over a 12-month period chargeable to the Sub-Fund expressed as a percentage of the Sub-Fund’s NAV. The actual figure may be different from this estimated figure and it may vary from year to year.

^ Class A USD: Subject to the Manager’s discretion.

Class A USD – MDis, Class A HKD – MDis, Class A RMB – MDis, Class A RMB Hedged – MDis, and Class S USD – MDis: The Manager currently intends to make monthly dividend distributions, subject to its discretion.

The Sub-Fund may, at the discretion of the Manager, pay dividend out of capital or pay dividend out of gross income while charging/paying all or part of the Sub-Fund’s fees and expenses to/out of capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore the Sub-Fund may effectively pay dividends out of capital of the relevant Class. Payment of dividends out of or effectively out of capital may result in an immediate reduction of the Net Asset Value (“NAV”) per Share of the Sub-Fund. The Sub-Fund will not pay any distributions during Offer Periods and the first calendar month of each Investment Period (as defined below). The Manager may amend the policy with respect to the matters mentioned above subject to the SFC’s prior approval and by giving not less than one month’s prior notice to investors.

Bosera Stable Income 18-Month Interval Offering Bond Fund – I

Important Notice

For more information, please contact Bosera Asset Management (International) Co., Limited directly.

For more information, please contact Bosera Asset
Management (International) Co., Limited directly.