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Bosera Aberdeen Standard Selection
Emerging market bond fund
Fund monthly report as of 31/05/2023
Important data
1. Bosera Aberdeen Standard Select Emerging Market Bond Fund ("Sub Fund") is a sub fund of Bosera Investment Fund. Bosera Investment Fund is a single letter established as an umbrella sub fund in accordance with the laws of Hong Kong and the trust deed dated January 5, 2012 ("Trust Deed")
Trust Fund.
2. Aberdeen Standard Investment (Hong Kong) Co., Ltd. (the "Deputy Manager") has been appointed as the Deputy Manager of the Sub Fund by the Manager in accordance with the Deputy Management Agreement concluded between Aberdeen Standard Investment (Hong Kong) Co., Ltd. and Bosera Fund (International) Co., Ltd. (the "Manager"). According to the deputy management agreement, the deputy manager will manage some of the assets of the sub fund.
The Manager will be responsible for the portfolio allocation in China and Hong Kong, as well as the overall portfolio allocation of the Sub Fund. The Deputy Manager will manage the portfolio allocation outside China and Hong Kong. Please refer to the sales documents for further details.
3. Investing in the sub fund must bear the normal market fluctuations and other inherent risks involved in the sub fund assets. Therefore, you must bear the risk that you cannot get back the initial investment amount of the sub fund or may lose most or all of the investment amount.
4. The Sub Fund will invest in emerging markets, and its exposure to risks (such as liquidity risk, currency risk, political risk, regulatory risk and economic risk) and volatility are higher than those in mature markets. Some emerging market securities may be subject to brokerage commission or government imposed stock transfer tax, which may
It will increase the investment cost, and reduce the realization income or increase the loss when selling securities.
5. The investment currency of the sub fund is generally different from the base currency of the sub fund (USD), so foreign currency risk is brought. The performance of the Sub Fund may be affected by the adverse trend of the exchange rate of the US dollar against the currency of the assets held.
6. The risks borne by the Sub Fund in investing in fixed income instruments include interest rate risk, credit risk and risk of credit rating downgrade, valuation risk, risk of investing in non rated or lower rated bonds and sovereign debt risk.
7. The Sub Fund may use financial derivatives for investment, hedging, risk management and efficiency organizer purposes. The market with low liquidity may have an adverse impact on the price of such instruments, thus affecting the value of the sub fund. In particular, the liquidity of OTC derivatives market is often lower than
Derivatives that are easily traded.
8. Investment involves risks. Past investment performance may not predict future performance. Investors should not only make investment decisions based on the information contained in this material, but should read the relevant explanatory memorandum and product data overview of the Fund (including the product features and risk factors contained therein) in detail.
9. The sub fund is a Hong Kong mutual recognition fund that is publicly sold in the mainland after being registered by the China Securities Regulatory Commission ("CSRC") in accordance with the Interim Provisions on the Administration of Hong Kong Mutual Recognition Funds (CSRC Announcement [2015] No. 12).
10. The sub fund was registered by the CSRC in ZJXK [2019] [2256] on November 12, 2019. However, the registration of the Fund by the CSRC does not indicate that it makes substantive judgments or guarantees on the investment value and market prospects of the Fund, nor does it indicate that it invests in the Fund
Gold has no risk.
Investment objectives
The investment objective of the Sub Fund is to obtain interest income and capital appreciation by mainly investing in global emerging market bonds and emerging market currencies.
Cumulative Performance - Fund
%Change
USD Class A USD Class I Northern Mutual Recognition Class A RMB Northern Mutual Recognition Class I RMB
-10.00
ten
five
zero
fifteen
twenty
-5.00
-15.00
05/16 11/16 05/17 11/17 05/18 11/18 05/19 11/19 05/20 11/20 05/21 11/21 05/22 11/22 05/23
Fund performance 1, 2, 3
One month, three months, six months, one year and three years since its establishment
Category A - 0.31% - 0.67% - 0.17% - 4.45% - 10.94% - 5.84%
Category I - 0.29% - 0.61% - 0.04% - 4.21% - 10.27% - 3.50%
Beishang Mutual Recognition of Class A RMB 0.62% 1.82% - 0.46% 1.82% - 7.45%
Northern Mutual Recognition of Class I RMB ------
Main information
Fund Manager Bosera Fund (International) Co., Ltd
Deputy Fund Manager Aberdeen Standard Investment (Hong Kong) Co., Ltd
Date of establishment 09/05/2016
First day calculation date of net fund value Category A － 12/10/2016
Category I － 10/05/2016
Beishang Mutual Recognition of Class A RMB - 14/04/2020
Beishang Mutual Recognition of Class I RMB - 15/04/2020
Base currency USD
Total Fund Value (USD million) 2.38
Net fund value category A － 9.4157
Category I － 9.6505
Beishang Mutual Recognition of Class A RMB - 0.9255
Northern Mutual Recognition of Class I RMB --
Dividend distribution policy (if any)
Management fee category A － 1.00%
Category I － 0.75%
Subscription fee is not more than 5%
Bloomberg code category A USD - BOSEOBA HK
Category I USD - BOSEOBI HK
Northern Mutual Recognition of Class A RMB - BOSEPCA HK
Northern Mutual Recognition of Class I RMB - BOSEPCI HK
ISIN code category A USD － HK0000284007
Category I USD - HK0000284015
Beishang Mutual Recognition of Class A RMB - HK0000552163
Northern Mutual Recognition Class I RMB - HK0000552171
Annual Performance - Category A1
Year January February March April May June July August September October November December Year
2023 -0.33% -0.22% -0.19% -0.17% -0.31% - - - - - - - -1.21%
2022 -1.84% -3.66% -3.54% 0.15% -1.15% -3.73% -1.59% 0.05% -0.43% -0.41% 1.84% 1.06% -12.65%
2021 0.55% -0.10% -1.23% 0.48% 0.63% -0.49% -1.44% 1.79% -1.91% -3.18% -0.89% -0.26% -5.97%
2020 0.93% -0.51% -14.75% 1.93% 2.22% 1.73% 1.98% 1.07% -1.60% 0.85% 2.92% 2.51% -1.59%
2019 2.88% 1.13% 1.44% 0.17% 0.19% 1.72% 0.91% -1.29% 0.57% 0.79% 0.03% 0.62% 9.57%
2018 0.09% -0.73% 0.07% -0.37% -0.68% -1.19% 1.52% -1.23% 0.95% -0.84% -0.58% -0.68% -2.34%
2017 0.71% 1.41% 0.30% 0.69% 0.39% 4.51% 0.75% 1.02% 0.37% 0.46% 0.30% 0.36% 11.88%
20161 - - - - - - - - - 0.10% -2.00% 0.51% -1.40%
Annual Performance - Category I2
Year January February March April May June July August September October November December Year
2023 -0.31% -0.20% -0.16% -0.15% -0.29% - - - - - - - -1.11%
2022 -1.82% -3.64% -3.52% 0.17% -1.12% -3.71% -1.57% 0.07% -0.41% -0.39% 1.85% 1.08% -12.43%
2021 0.57% -0.08% -1.20% 0.50% 0.65% -0.47% -1.42% 1.81% -1.89% -3.16% -0.87% -0.23% -5.74%
2020 0.98% -0.48% -14.71% 1.95% 2.24% 1.75% 2.00% 1.10% -1.59% 0.87% 2.94% 2.53% -1.31%
2019 3.04% 1.16% 1.50% 0.17% 0.26% 1.82% 0.94% -1.18% 0.6% 0.85% 0.08% 0.67% 10.41%
2018 0.18% -0.72% 0.18% -0.36% -0.55% -1.19% 1.67% -1.19% 1.02% -0.82% -0.46% 0.65% -1.63%
2017 0.78% 1.45% 0.48% 0.66% 0.56% -0.09% 0.84% 1.02% 0.55% 0.46% -0.09% 0.36% 7.19%
20162 - - - - 0.20% 1.30% 1.58% 1.07% 0.38% -0.29% -1.82% 0.49% 2.90%
Annual Performance - Beishang Mutual Recognition of Class A RMB 3
Year January February March April May June July August September October November December Year
2023 -3.36% 2.62% -1.40% 0.64% 0.62% - - - - - - - 0.97%
2022 -2.00% -4.32% -3.00% 4.87% -0.72% -3.42% -1.03% 0.08% 2.27% 2.08% -0.12% -1.42% -4.51%
2021 0.12% 0.17% 0.01% -1.16% -0.85% 1.02% -1.49% 1.80% -1.70% -4.51% -1.01% -0.34% -4.62%
20203 - - - 1.12% 3.47% 0.35% 0.89% -0.98% -2.12% -0.92% 0.87% 1.45% 4.11%
Bosera Aberdeen Standard Selection
Emerging market bond fund
Fund monthly report as of 31/05/2023
National configuration
China
Hong Kong
Korea
Virgin Islands
United Arab Emirates
16.7%
33.4%
8.4%
8.3%
8.4%
Five major investment projects
Name%
Korea Export Import Bank 01/06/2023 8.40
CITIC Shares 3.5% 11/07/2023 8.38
CNOOC Curtis Capital No.1 4.5% 03/10/2023 8.37
CGN International Co., Ltd. 3.875% 11/09/2023 8.37
Sinopec Overseas Development 2013 4.375% 17/10/2023 8.37
Combined configuration
Government bonds
Corporate bonds
Cash and others 24.7%
16.7%
58.6%
Bond rating allocation 5
AA 16.70%
A+ 25.09%
A 25.08%
A- 8.38%
Combination characteristics
Correction duration 0.12 years
Yield at maturity 4.01%
remark
one
The annual performance of the Fund in 2016 is calculated from the establishment date of category A USD 12/10/2016.
two
The annual performance of the Fund in 2016 is calculated from 10/05/2016, the establishment date of category I USD.
three
The annual performance of the 2020 Fund is calculated from the establishment date of Beishang Mutual Recognition of Class A RMB 14/04/2020.
four
The annual performance of the 2020 Fund is calculated from the establishment date of Beishang Mutual Recognition of Class I RMB 15/04/2020.
5 Adopt Bloomberg comprehensive rating; Some unrated bonds have domestic bond ratings.
Disclaimer
Unless otherwise specified, all data shall be calculated as of the last day of each month. Data source: Bosera Fund (International) Co., Ltd. The fund performance is calculated by the net asset value and their respective currencies, and the dividends are reinvested after deducting expenses. The relevant fund performance charts and data are intended to include all
Dividends distributed. Past performance does not represent future performance. Investors may not be able to get back the original investment amount. Investment carries risks, and investment objectives are not guaranteed to be achieved. The investment value and its income may fall or rise, and investors may not be able to get back the original investment
In the fund. This document only provides general data, and the views contained in the document should not be considered as sales promotion or suggestions of Bosera International under any circumstances. Bosera International is not responsible for any loss caused by relying on this article. Published by Bosera Fund (International) Co., Ltd
Send. This document has not been approved by the Securities and Futures Commission of Hong Kong. Please refer to the Hong Kong sales documents and product data summary to obtain other data of the fund, including risk factors. Mainland investors should also pay special attention to the following sub funds
Special risks and the special risks related to the sale of the sub fund in the mainland as a Hong Kong mutual recognition fund, including overseas investment risks, the risk of suspension of mainland sales, the risk of canceling mutual recognition of the fund, the risk of termination of mainland sales, the risk of differences in sales arrangements, RMB currency risk, and exchange rate risk
Insurance, relevant risks applicable to overseas laws, operational and technical risks of mainland sales institutions, mainland agents or mainland registration and settlement institutions, system risks and tax risks of cross-border data transmission and cross-border capital settlement.
Annual Performance - Beishang Mutual Recognition of Class I RMB 4
Year January February March April May June July August September October November December Year
2023 - - - - - - - - - - - - -
2022 - - - - - - - - - - - - -
2021 0.14% 0.19% 0.03% -1.14% -0.83% 1.04% - - - - - - -1.08%
20204 - - - 0.44% 3.56% 0.37% 0.91% -0.96% -2.10% -0.89% 0.89% 1.48% 3.66% |
