比特幣以太幣美國國債貨幣市場
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Bosera 20+ Year US Treasury Bond ETF (Accumulating Listed Class)

Important Notice

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

  • Bosera 20+ Year US Treasury Bond 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, limited liability and segregated liability between sub-funds registered and incorporated under Part IVA of the Securities and Futures Ordinance (Cap. 571) (“SFO”). The listed class of shares of the Sub-Fund (“Shares”) are listed on The Stock Exchange of Hong Kong Limited (the “SEHK”). These Shares are traded on SEHK like listed stocks. The Sub-Fund is a passively managed index tracking exchange traded fund under Chapter 8.6 of the Code on Unit Trusts and Mutual Funds (the “Code”).

  • The Sub-Fund offers both (i) accumulating listed class of Shares (the “Accumulating Listed Share Class”) and (ii) distributing listed class of Shares (the “Distributing Listed Share Class) (together, the “Listed Class of Shares”) and (iii) unlisted classes of Shares (the “Unlisted Classes of Shares”). This statement contains information about the offering of the Accumulating Listed Share Class, and unless otherwise specified references to “Shares” in this statement shall refer to the “Listed Class of Shares”. Investors should refer to a separate statement for the offering of Distributing Listed Share Class and the Unlisted Classes of Shares.

  • In seeking to achieve the Sub-Fund’s investment objective, the Manager will primarily use a representative sampling strategy and invest in a representative sample of the constituent Securities of the Index (“Index Securities”) selected by the Manager that collectively reflects the investment characteristics of the Index. The Sub-Fund may or may not hold all Index Securities, and may hold US Treasury securities which are not included in the Index, provided that these securities collectively feature a high correlation with the Index.

  • 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 must pay attention to fixed income securities investment risks, including but not limited to:

    • Income Risk - The Sub-Fund’s income may decline when interest rates fall. This decline can occur because the debt instruments held by the Sub-Fund will have floating, or variable, interest rates.

    • Interest rate risk - Investment in the Sub-Fund is subject to interest rate risk. In general, the price of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Changing interest rates, including rates that fall below zero, may have unpredictable effects on markets, result in heightened market volatility and detract from the Sub-Fund’s performance to the extent the Sub-Fund is exposed to such interest rates. As the Sub-Fund invests in US Treasury bonds and US Treasury notes, the Sub-Fund is additionally subject to policy risk as changes in macro-economic policies in the US (including monetary policy and fiscal policy) may have an influence over the US capital markets and affect the pricing of the bonds in the Sub-Fund’s portfolio, which may in turn adversely affect the return of the Sub-Fund. Falling interest rates can lead to a decline in income for the Sub-Fund. Interest rate risk is generally lower for shorter term fixed income investments and higher for longer term fixed income investments.

    • 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 Net Asset Value calculation of the Sub-Fund.

    • Credit risk and sovereign debt risk - The Sub-Fund is exposed to the credit/default risk of issuers of the debt securities that the Sub-Fund may invest in. The financial condition of an issuer of a debt security or other instrument may cause such issuer to default, become unable to pay interest or principal due or otherwise fail to honour its obligations or cause such issuer to be perceived as being in such situation. Further, the Sub-Fund’s investment in securities issued or guaranteed by governments (e.g. US government) 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 in sovereign debt issuers.

    • 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.

    • Downgrading risk - The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The Manager may or may not be able to dispose of the debt instruments that are being downgraded.

  • If there is a suspension of the inter-counter transfer of Shares between the counters and/or any limitation on the level of services by brokers and CCASS participants, Shareholders will only be able to trade their Shares in one counter only, which may inhibit or delay an investor dealing. The market price of Shares traded in each counter may deviate significantly. As such, investors may pay more or receive less when buying or selling Shares traded on one counter on the SEHK than in respect of Shares traded in another counter and vice versa.

  • The trading price of the Shares on the SEHK is driven by market factors such as the demand and supply of the Shares. Therefore, the Shares may trade at a substantial premium or discount to the NAV and may deviate significantly from the NAV per Share.

  • As investors will pay certain charges (e.g. trading fees and brokerage fees) to buy or sell Shares on the SEHK, investors may pay more than the NAV per Share when buying Shares on the SEHK, and may receive less than the NAV per Share when selling Shares on the SEHK.

  • The Sub-Fund may be terminated early under certain circumstances, for example, if the size of the Sub-Fund falls below USD 10,000,000 (or equivalent). Investors may not be able to recover their investments and suffer a loss when the Sub-Fund is terminated.

  • Although the Manager will use its best endeavours to put in place arrangements so that at least one market maker will maintain a market for the Shares traded in each counter and that at least one market maker to each counter gives not less than 3 months’ notice prior to terminating market making under the relevant market maker agreement, liquidity in the market for the Shares may be adversely affected if there is no or only one market maker for the Shares traded in any available counter. There is also no guarantee that any market making activity will be effective.

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

  • FUND INFORMATION
  • PERFORMANCE
  • TRACKING ERROR
  • HOLDINGS
  • PORTFOLIO
  • FUND LITERATURE
  • FUND NEWS
KEY INFORMATION
Fund Manager
Bosera Asset Management (International) Co., Limited
Custodian
BOCI-Prudential Trustee Limited
Outstanding Shares
90,000.00
Listing Date
USD Counter - Accumulating Listed Share Class: 29 February 2024
Base Currency
US dollars (USD)
Trading Currency
US dollars (USD) – USD counter
Ongoing charges over a year8
Estimated to be 0.30%
Management Fee
0.15% per annum
Actively Managed
No
Financial Year End
31 December
Participating Dealers9
China Merchants Securities (HK) Co., Limited
Haitong International Securities Company Limited
Mirae Asset Securities (HK) Limited
Barclays Bank Plc
Market Makers (Accumulating Listed Share Class USD Counter)10
Link to latest list of market makers
INTRA-DAY ESTIMATED NAV1,2,3 & MARKET PRICE4
DateTimeUSD
Intra-day Estimated NAV Per Unit14/06/202404:00 pm100.8422
Intra-day Market Priced14/06/202404:08 pm100.9000
Date
Intra-day Estimated NAV Per Unit14/06/2024
Intra-day Market Priced14/06/2024
d=at least 15 minutes delay Hong Kong Time: 01:10 pm
FUND OBJECTIVE
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 ICE US Treasury 20+ Year Bond Index (the “Index”).
TRADING INFORMATION
Accumulating Listed Share Class USD Counter
Stock Code09107
Trading CurrencyUS dollars (USD)
Primary market - Application Unit SizeMinimum 5,000 Shares or multiples thereof
Secondary market - Trading Board Lot Size1 Share
ISIN CodeHK0000988706
Bloomberg Ticker09107 HK Equity
SEDOL CodeBQBDYL8
Accumulating Listed Share Class USD Counter
Stock Code09107
Trading CurrencyUS dollars (USD)
Primary market - Application Unit SizeMinimum 5,000 Shares or multiples thereof
Secondary market - Trading Board Lot Size1 Share
ISIN CodeHK0000988706
Bloomberg Ticker09107 HK Equity
SEDOL CodeBQBDYL8
MARKET INFORMATION5
DateLastChange%Change
Official NAV per Share in USD513/06/2024USD 101.55751.42351.42
Closing Price for USD Traded Share713/06/2024USD 99.80000.90000.91
Date
Official NAV per Share in USD513/06/2024
Closing Price for USD Traded Share713/06/2024

1. IOPV calculations and delayed market data as shown on the website of Bosera Asset Management (International) Co., Limited (http://www.bosera.com.hk) (the “data”) are provided by ICE Data Indices, see ICE Terms of Use, and are updated during HKEx trading hours. Powered by Factset.
2. IOPV is indicative and for reference purposes only. The Sub-Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third-party suppliers make no express or implied warranties, and hereby expressly disclaim all warranties of merchantability or fitness for a particular purpose with respect to the iNAV, IOPV, fund or any fund data included therein. In no event shall ICE Data have any liability for any special, punitive, direct, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.
3. HKEx information services limited, its holding companies and/or any subsidiaries of such holding companies endeavor to ensure the accuracy and reliability of the information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.
4. The Intra-day Market Price is provided on a 15-minute delayed basis by ICE Data Indices.
5. Change is calculated on NAV to NAV basis in USD and assumes dividend will not be reinvested. Change of the official NAV per Share in USD and change of the reference NAV per Share in HKD indicate the change of the NAV per Share since previous business day where the SEHK is opened for normal trading (the "Dealing Day"). Please refer to the Prospectus for more information on determination of NAV. The official NAV per Share in USD is provided by BOCI-Prudential Trustee Limited.
6. The NAV per Share in HKD are indicative and for reference only and is calculated using the official NAV per Share in USD multiplied by an assumed foreign exchange rate (i.e. not a real time exchange rate) being the exchange rate quoted by Bloomberg for USD at 4:00 p.m. (Hong Kong time) as of the same Dealing Day. The “Dealing Day” the business day the SEHK market is opened for normal trading.
7. Change of the closing price in USD and HKD traded shares indicate change of closing price since previous SEHK trading day (Source: Bloomberg). The official closing NAV per Share in USD will remain unchanged during the period when the SEHK is closed.
8. 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.
9. Additional participating dealer(s) will be appointed from time to time.
10. Please refer to HKEx website for the most updated information. Additional Market Maker(s) will be appointed from time to time.

Index Provider Disclaimer:

Source ICE Data Indices, LLC (“ICE Data”), is used with permission. ICE ® is a service/trade mark of ICE Data Indices, LLC or its affiliates. These trademarks have been licensed, along with the ICE US Treasury 20+ Year Bond Index (“Index”) for use by Bosera Asset Management (International) Co., Limited in connection with Bosera 20+ Year US Treasury Bond ETF (the “Product”). Neither the Bosera Asset Management (International) Co., Limited, Bosera Global Exchange Traded Funds Series Open-ended Fund Company (the “Company”) nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Company or the ability of the Index to track general stock market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK.

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