Bosera USD Money Market ETF (Unlisted Class)-BOSERA FUNDS

Bosera USD Money Market ETF (Unlisted Class)

Important Notice

Investment involves risk. Past performance is not indicative of future performance. Investors should not make any investment decision solely based on the information provided on this material. Investors should refer to the Prospectus 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 USD Money Market ETF (the “Sub-Fund”) is a sub-fund of the Bosera Global Exchange Traded 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.
The Sub-Fund offers both listed class of shares (“Listed Class”) and unlisted class of shares (“Unlisted Class”). Switching between Listed Class and Unlisted Class is not available. Investors of Listed and Unlisted Classes of Shares are subject to different pricing and dealing arrangements. In a stressed market scenario, investors of the Unlisted Classes of Shares could redeem their Shares at NAV while investors of the Listed Class of Shares in the secondary market could only redeem at the prevailing market price (which may diverge from the corresponding NAV) and may have to exit the Sub-Fund at a significant discount. On the other hand, investors of the Listed Class of Shares could sell their Shares on the secondary market during the day thereby crystallising their positions while investors of the Unlisted Classes of Shares could not do so in a timely manner until the end of the day.
The Manager employs an actively managed investment strategy for the Sub-Fund. The Sub-Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Sub-Fund to underperform as compared to prevailing money market rates or other money market funds with a similar objective.
Payment of dividends 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 NAV per Unit of the Sub-Fund.
Investors should be aware of fixed income securities investment risks, including

Short-term fixed income instruments risk - As the Sub-Fund invests substantially in short-term fixed income instruments with short maturities, the turnover rates of the Sub-Fund’s investments may be relatively high and the transaction costs incurred as a result of the purchase or sale of short-term fixed income instruments may also increase which in turn may have a negative impact on the NAV of the Sub-Fund. The Sub-Fund’s underlying fixed income securities may become more illiquid when nearing maturity. It therefore may be more difficult to achieve fair valuation in the market.
Credit / counterparty risk - The Sub-Fund is exposed to the credit/default risk of issuers of the fixed income securities it invests in.
Volatility and liquidity risk - The fixed income securities in the Greater China markets (in particular Mainland China and Taiwan) and other 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 fluctuation. The bid and offer spreads of the price of such securities may be large and the Sub-Fund may incur significant trading costs.
Interest rate risk – Investment in the Sub-Fund is subject to interest rate risk. Generally, the prices of fixed income securities rise when interest rates fall, whilst their prices fall when interest rates rise.
Credit rating risk - Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
Credit rating agency Risk - The credit appraisal system in Mainland China and the rating methodologies employed in Mainland China may be different from those employed in other markets. Credit ratings given by Mainland China rating agencies may therefore not be directly comparable with those given by other international rating agencies.
Downgrading risk – The credit rating of a fixed income instrument or its issuer may subsequently be downgraded. In such case, the Sub-Fund’s investment value may be adversely affected. The Manager may or may not be able to dispose of the fixed income instruments that are being downgraded.
Valuation risk - Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the NAV calculation of the Sub-Fund.
Sovereign debt risk - The Sub-Fund’s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Sub-Fund to participate in restructuring such debts. The Sub-Fund may suffer significant losses when there is a default of sovereign debt issuers.
The 7-day annualised yield and the 30-day annualised yield are based on 7-day period and 30-day period of Bosera USD Money Market ETF (Unlisted Class)’s past performance respectively and do not represent an actual one-year return.
The assumptions involved in the calculation of the 7-day annualised yield and the 30-day annualised yield are hypothetical.

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 Exchange Traded Funds Series Open-ended Fund Company

Custodian: BOCI-Prudential Trustee Limited

Launch Date: 25 July 2023

Base Currency: US dollars (USD)

Ongoing charges over a year^#: Class A Shares: estimated to be 0.40%
Class C Shares: estimated to be 0.60%
Class I Shares: estimated to be 0.35%
Class S Shares*: estimated to be 0.25%

Subscription Fee: Class A USD, Class C USD and Class I USD: Up to 1% of the subscription amount
Class S USD*: Nil

Management Fee: Class A USD: 0.15% per annum
Class C USD: 0.35% per annum
Class I USD: 0.10% per annum
Class S USD*: Nil

Performance Fee: Nil

Min. Initial Investment: Class A USD: USD 1
Class C USD: USD 0.1
Class I USD: USD 100,000
Class S USD*: USD 1

Min. Subsequent Investment: Class A USD: USD 0.1
Class C USD: USD 0.1
Class I USD: USD 0.1
Class S USD*: USD 0.1

Distribution Policy^: Discretionary (if any)

Investment Performance

Class A USD

7-day annualised return*	30-day annualised return*	Most recent 1-year return*
5.61%	6.15%	-

7-day annualised return*	30-day annualised return*
5.61%	6.15%

* Computation basis and periods covered:
• 7-day annualised return is calculated by annualising the change of NAV, without dividend reinvested, for the period from 24/04/2024 to 30/04/2024
• 30-day annualised return is calculated by annualising the change of NAV, without dividend reinvested, for the period from 01/04/2024 to 30/04/2024
Notes:
Returns [(which are calculated based on the change of NAV, without dividend reinvested)] of the immediately preceding 5 years:
Year to date up to no earlier than 31/03/2024:1.37%
2024: -
2023: -
2022: -
2021: -
2020: -

FUND OBJECTIVE

The Sub-Fund’s objective is to invest in short term deposits and high quality money market investments. The Sub-Fund seeks to achieve a return in USD in line with prevailing money market rate. There can be no assurance that the Sub-Fund will achieve its investment objective.

SHARECLASS DETAIL

	Type	ISIN	Bloomberg Ticker
Class A USD	Distribution	HK0000939717	BOSMKAU HK
Class C USD	Distribution	HK0000939725	BOSUSCU HK
Class I USD	Distribution	HK0000939733	BOSUSDI HK
Class S USD*	Distribution	HK0000939741	BOSUSSU HK

	Type
Class A USD	Distribution
Class C USD	Distribution
Class I USD	Distribution
Class S USD*	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.

# 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 relevant Class expressed as a percentage of the NAV of the relevant Class. The actual figure may be different from this estimated figure and it may vary from year to year.

^ The Manager has discretion as to whether or not the Sub-Fund will make any distribution of dividends, the frequency of distribution and amount of dividends. There is no guarantee of regular distribution nor, where distribution is made, the amount being distributed. Dividends may be paid out of capital or effectively out of capital of the relevant Class and may result in an immediate reduction of the Net Asset Value (“NAV”) per share of the Sub-Fund (“Share”).

Bosera USD Money Market ETF (Unlisted Class)

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.