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Hong Kong Listed ETFs

CICC KraneShares CSI China Internet Index ETF

Important Information

Important Information about CICC KraneShares CSI China Internet Index ETF (“China Internet Index ETF” or the “Sub-Fund”) Terms used in this website, unless otherwise stated, shall have the same meanings as those defined in the prospectus of the Sub-Fund (the “Prospectus”).

IMPORTANT:
Investment involves risk including loss of principal, and investments in China Internet Index ETF may not be suitable for everyone. Investors should read the Prospectus and the Product Key Facts Statement carefully for details including the product features and risk factors, and should consider their own investment objectives and other circumstances before investing in China Internet Index ETF. The information provided herein is general in nature. If you are in any doubt about the contents of this website, you should consult your stockbroker, banker, solicitor, accountant or other financial adviser for independent professional advice before making any investment in China Internet Index ETF.
China Internet Index ETF, being a sub-fund of the umbrella unit trust constituted by the Trust Deed and called CICC KraneShares ETF Trust, is an index tracking collective investment scheme whose investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of CSI Overseas China Internet Index (the “Underlying Index”). There can be no assurance that China Internet Index ETF will achieve its investment objective.
You are also drawn to attention of the following points with respect to China Internet Index ETF:
Investors should carefully read the Prospectus and the Product Key Facts Statement for further details of all risk factors in particular those associated with investments in China Internet Index ETF before making any investment decision. The Prospectus and the Product Key Facts Statement of China Internet Index ETF may be obtained from the office of China International Capital Corporation Hong Kong Asset Management Limited which is located 29th Floor, One International Centre, 1 Harbour View Street, Central, Hong Kong and can also be downloaded from Website. In addition to above points, investors are also drawn to the attention of specific risk factors with respect to the China Internet Index ETF set out in the Prospectus and the Product Key Facts Statement.
China Internet Index ETF has been authorized by the Securities and Futures Commission (the “SFC”) as a collective investment scheme. SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. Hong Kong Exchanges and Clearing Limited (“HKEX”), The Stock Exchange of Hong Kong Limited (the “SEHK”), Hong Kong Securities Clearing Company Limited (“HKSCC”) and the SFC take no responsibility for the contents of the Website, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the Website.
Investment involves risks and it is possible that an investor may lose all of the principal amount invested. You should only invest in China Internet Index ETF if you can afford to lose all or part of your investment. China Internet Index ETF is subject to market fluctuations and to the risks inherent in all investments. The price of Units of China Internet Index ETF and the income generated (if any), may go down as well as up. Investment in emerging markets involves special risks and considerations, and investors should refer to the Prospectus for further details on such risks and considerations. Investors should ensure that they fully understand the nature of risks in connection with an investment in China Internet Index ETF before making any such investment, and investors should seek independent advice from their professional advisers as they deem necessary prior to making any investment in China Internet Index ETF. Investment in emerging markets involves special risks and considerations.
Past performance information presented (if any) is not indicative of future performance.
All information displayed on this website is provided on an “as is” basis and China International Capital Corporation Hong Kong Asset Management Limited makes no representations and disclaims all warranties (whether express or implied) as to the accuracy or completeness of the information provided herein.
The contents of this website have not been reviewed by the SFC.
Issuer: China International Capital Corporation Hong Kong Asset Management Limited
Risk Factors
In addition to the risk factors presented in Part 1 of the Prospectus, the risk factors set forth below are also specific risks, in the opinion of the Manager and the Sub-Manager, considered to be relevant and presently applicable to the Sub-Fund.

Concentration risk

Due to the concentration of the Index in the internet and technology sector, which is characterised by relatively higher volatility in price performance when compared to other economic sectors, the performance of the Index may be more volatile when compared to other broad-based stock indices. The price volatility of the Sub-Fund may be greater than the price volatility of exchange traded funds tracking more broad-based indices.

Consumption sector risk

The performance of Chinese companies active in the consumer discretionary sector are correlated to the growth rate of the consumer market, individual income levels and their impact on levels of domestic consumer spending in China, which in turn depend on the worldwide economic conditions, which have recently deteriorated significantly in many countries and regions and may remain depressed for the foreseeable future.
There are many factors affecting the level of consumer spending, including but not limited to interest rates, currency exchange rates, economic growth rate, inflation, deflation, political uncertainty, taxation, stock market performance, unemployment level and general consumer confidence. There can be no assurance that historical growth rates of the Chinese economy and the Chinese consumer market will continue. Any future slowdowns or declines in the Chinese economy or consumer spending may materially and adversely affect the business of the companies in the consumer discretionary sector and as a result the performance of the Sub-Fund.

Software, internet and related services industries risks

Many of the companies in the software, internet and related services industries have a relatively short operating history. Rapid changes could render obsolete the products and services offered by the companies in which the Sub-Fund invests and cause severe or complete declines in the prices of the securities of those companies. Additionally, companies in these sectors may face dramatic and often unpredictable changes in growth rates and competition for the services of qualified personnel. Any errors or vulnerabilities that may be discovered in the code of an internet company after release may adversely affect the business and operating results of such company. If the Sub-Fund invests in any of these companies, its investment may be adversely affected.
There may be substantial government intervention in the internet industry, including restrictions on investment in internet companies if such companies are deemed sensitive to relevant national interests. Some governments in the world have sought, and may in the future seek, to censor content available through internet, restrict access to products and services offered by internet companies that the Sub-Fund invests in from their country entirely or impose other restrictions that may affect the accessibility of such products and services for an extended period of time or indefinitely. In the event that access to the internet products and services is restricted, in whole or in part, in one or more countries, the ability of such internet companies to retain or increase their user base and user engagement may be adversely affected, and their operating results may be harmed. This may in turn affect the value of investment of the Sub-Fund.
The internet business is subject to complex laws and regulations including privacy, data protection, content regulation, intellectual property, competition, protection of minors, consumer protection and taxation. These laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to the business practices, monetary penalties, increased cost of operations or declines in user growth, user engagement or advertisement engagement, or otherwise harm the internet business. They may also delay or impede the development of new products and services. Compliance with these existing and new laws and regulations can be costly and may require significant time and attention of management and technical personnel. All these may have impact on the business and/or profitability of the internet companies in which the Sub-Fund invests and this may in turn adversely affect the value of investment of the Sub-Fund.

Distributions out of or effectively out of capital risk

The Manager may, at its discretion make distributions out of capital. The Manager may also, at its discretion, make distributions out of gross income while all or part of the fees and expenses of the Sub-Fund are charged to/paid out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of distributions by the Sub-Fund and therefore, the Sub-Fund may effectively pay distributions out of the capital. Payment of distributions 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 distributions involving payment of distributions out of or effectively out of the Sub-Fund’s capital may result in an immediate reduction of the Net Asset Value per Unit. The Manager may amend its distribution policy subject to the SFC’s prior approval and by giving not less than one month’s prior notice to Unitholders.

Fund Information

Investment Objective
The investment objective of CICC KraneShares CSI China Internet Index ETF (the “Sub-Fund”) is to provide investment results that, before fees and expenses, closely correspond to the performance of CSI Overseas China Internet Index (the “Underlying Index”). There can be no assurance that the Sub-Fund will achieve its investment objective.
NAV per Unit
Date 3186(HKD) 83186(RMB) 9186(USD)
2021-01-15 108.0450 90.1427 13.9350
Intra-day Estimated NAV and Market Price
Estimated NAV calculations and delayed market data as shown on the Hong Kong Website (the “data”) provided by ICE Data Indices, see ICE Terms of Use, and is updated during SEHK trading hours. Powered by Factset. Estimated NAV is indicative and for reference purposes only. The 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. HKEX Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour 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.
The Estimated Net Asset Value per Unit in HKD and RMB is calculated using the near real time estimated Net Asset Value per Unit in USD multiplied by a near real time USD:HKD and USD:RMB foreign exchange rate for offshore RMB (CNH), each quoted by ICE Data Indices.
Key Facts
  HKD Counter RMB Counter USD Counter
Stock Code 3186 83186 9186
Fund Listing Date 10 April 201 8
Fund Financial Year End 31st December
Distribution Policy Annual Distribution
Management Fees Currently 0.72% per year of the Net Asset Value
Underlying Index CSI Overseas China Internet Index
Index Ticker CSIH1137 Index
Index Provider China Securities Index Co. Ltd
Type of Index Total Return Index
Base Currency USD
Exchange SEHK – Main Board
ISIN HK0000398377 HK0000398393 HK0000398385
SEDOL BFM72C9 BFM75M0 BFM72F2
Lot Size 50 50 50
Trading Currency HKD RMB USD
Shares Outstanding (As of 2021-01-15) 375,000.00
Fund Size (As of 2021-01-15) USD 5,225,642.71
Participating Dealers
China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited, Merrill Lynch Far East Limited
Market Maker(s)

Performance

Performance
Cumulative Performance (%) YTD 1-month 3-month 6-month 1-year Incept.*
ETF’s Total Return (%) as of 31 December 2020

59.30%

3.78%

15.14%

25.15%

59.30%

33.54%

Index Benchmark# (%) as of 31 December 2020

61.32%

3.94%

15.49%

26.01%

61.32%

37.72%

             
Calendar Year Past Performance   2016 2017 2018 2019 2020
Sub-Fund         29.0 59.3
Underlying Index         29.8 61.3
# Index benchmark of the ETF is CSI Overseas China Internet Index.
Sub-Fund Inception Date: 4 April 2018
Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.
These figures show by how much the fund increased or decreased in value during the period shown.
Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.
Where no past performance is shown there was insufficient data available in that year to provide performance.
Tracking Difference / Tracking Error

Tracking Difference (TD):

Tracking difference is the return difference between an ETF and its underlying benchmark/ index over a certain period of time.

Tracking Error (TE):

Tracking error measures how consistently an ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.
Rolling 1-year Tracking Difference (%): as of 31-December-2020

-2.02%

Rolling 1-year Tracking Error^ (%): as of 31-December-2020

1.01%

TD for the calendar year 2020: -2.02%
TD for the calendar year 2019: -0.74%
 
Sub-Fund Inception Date: 4 April 2018
^Annualised based on the number of dealing days in the past year when daily TD is calculated

Graph for Tracking Difference(Unit: %)

CSI Overseas China Internet Index CICC KraneShares CSI China Internet Index ETF
  • Jan.
  • Mar.
  • Half year
  • One year
  • Three years
  • All
The Sub-Fund's performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution (where applicable).

Holdings

Top 10 Holdings
Date Name Weight(%)
Click here to download Portfolio Holdings Details
Holdings are subject to change.

Distributions

Distribution Policy
The Manager intends to pay distributions to Unitholders at least annually in December each year. All units will receive distributions in the base currency (USD) only[1]. Distributions may be made out of capital or effectively out of capital as well as income at the Manager’s discretion.
[1] Unitholders without USD accounts may have to bear the fees and charges associated with the conversion of such dividend from USD into any other currency. Unitholders are advised to check with their brokers regarding arrangements for distributions.
[2] Distribution figures represent past distributions declared and paid for by the Sub-Fund. There is no guarantee that any distributions will be declared in the future, or that if declared, the amount of any distribution will remain constant or increase over time.
Distribution History
Ex-date Record Date Payable Date Distribution per Unit (USD)
Note: Investors should not make any investment decision solely based on information contained in the "Distribution History" table above. You should read the relevant offering document (including the Product Key Facts Statementkey) of the Sub-Fund for further details including the risk factors.

Documents

Prospectus
Prospectus - 29 April 2020 Download
Product Key Facts Statement
KFS - 29 April 2020 Download
Factsheet
2020_09_30_kweb_factsheet_cicc_update Download
Financial Reports
Unaudited Interim report for the period ended 30 June 2020 Download
Audited report for the year ended 31 December 2019 Download
Unaudited Interim report for the period ended 30 June 2019 Download
Audited report for the period ended 31 December 2018-30-April-2019 Download
Unaudited Interim report for the period ended 30 June 2018 Download
Announcement and Notice
Announcement of Interim Report 2020 (Krane) - 31 August 2020 Download
Annual Update of Prospectus and Product Key Facts Statement (Krane) - 29 April 2020 Download
Announcement of Annual Report 2019 (Krane) - 29 April 2020 Download
Announcement of Annual Report 2018 (Krane) - 30 April 2019 Download
Announcement - Amended and Restated Trust Deed and Update to offering documents (Krane) - 5 December 2019 Download