Fund information and performance

Overview

# The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed. It is calculated by ICE Data Indices, LLC ("ICE Data") . ICE Data is not an adviser for or a fiduciary to any account or fund managed by Hang Seng Investment Management Limited. ICE Data is not responsible for any direct, indirect or consequential damages associated with reference underlying portfolio values and/or indicative intraday values.

## This is the last closing NAV Per Unit and is provided by State Street Bank and Trust Company.

* "NAV Change" indicates the change since the previous Dealing day.

# The Estimated NAV per Unit should not be viewed as the actual NAV per Unit. The estimated NAV per Unit is provided for reference purposes only and may differ from the actual NAV per Unit calculated in accordance with the Trust Deed. It is calculated by ICE Data Indices, LLC ("ICE Data") . ICE Data is not an adviser for or a fiduciary to any account or fund managed by Hang Seng Investment Management Limited. ICE Data is not responsible for any direct, indirect or consequential damages associated with reference underlying portfolio values and/or indicative intraday values.
Estimated NAV per Unit of RMB counter uses a real-time HKD:RMB (CNH) foreign exchange rate – it is calculated using the Estimated NAV per Unit of HKD counter multiplied by a real-time HKD:RMB (CNH) foreign exchange rate provided by ICE Data Services.

## The last closing NAV per Unit of TraHK in RMB provided by State Street Bank and Trust Company is indicative and for reference only and is calculated using the last closing NAV per Unit of TraHK in HKD multiplied by an assumed foreign exchange rate using 4:00 p.m. Hong Kong time mid rate quoted by Reuters for offshore RMB (CNH) as of the same Dealing Day.

* "NAV Change" indicates the change since the previous Dealing day.

Notes:

  • With effect from 19 September 2022, the management fee and trustee fee of Tracker Fund of Hong Kong ("TraHK") has been reduced. The ongoing charges figure of TraHK is an estimate calculated based on the reduced management fee, the reduced trustee fee and other ongoing expenses for the year ended 31 December 2021, expressed as a percentage of TraHK’s average Net Asset Value for the same period.  It includes the fees of the Manager and the Trustee. Please refer to the “Fees, Costs and Expenses Payable by TraHK” section in the Prospectus for details. The actual figure may be different from the estimate. This figure may vary from year to year.
  • ITCIS stands for Index Tracking Collective Investment Scheme, visit the MPFA website for more details.
  • Distribution on all units (whether traded in RMB or HKD counter) will be in HKD only; Dividend amount or dividend rate is not guaranteed. The sum of the most recent dividends within the past 12 months divided by Net Asset Value per share (HKD Counter), expressed as a percentage.

Notes:

  • With effect from 19 September 2022, the management fee and trustee fee of Tracker Fund of Hong Kong ("TraHK") has been reduced. The ongoing charges figure of TraHK is an estimate calculated based on the reduced management fee, the reduced trustee fee and other ongoing expenses for the year ended 31 December 2021, expressed as a percentage of TraHK’s average Net Asset Value for the same period.  It includes the fees of the Manager and the Trustee. Please refer to the “Fees, Costs and Expenses Payable by TraHK” section in the Prospectus for details. The actual figure may be different from the estimate. This figure may vary from year to year.
  • ITCIS stands for Index Tracking Collective Investment Scheme, visit the MPFA website for more details.
  • Distribution on all units (whether traded in RMB or HKD counter) will be in HKD only; Dividend amount or dividend rate is not guaranteed. The sum of the most recent dividends within the past 12 months divided by Net Asset Value per share, expressed as a percentage. Where no dividend yield is shown, there was insufficient data available in that period to provide.

Note: Please read the full disclaimer in relation to the Index in the Prospectus.

Source of Statistics: Morningstar Asia Limited.

Purchase Information

TraHK is flexible and easy to trade. Investors can buy and sell them like shares during Hong Kong trading hours, typically through a stock broker or a bank.

Investors can also invest in TraHK through monthly stock investment programme or contributions to an MPF investing in TraHK.

This is an eligible ETF in Stock Connect for Southbound trading^ (HKD counter only)

For more details, please see How to Invest.

^An eligible ETF in Stock Connect for Southbound trading. Mainland China investors should check with brokers for more information.

Performance

Cumulative Performance (As of )

Y-T-D
1Mth
3Mths
6Mths

Annualized Performance (As of )

1-Yr
3-Yr
5-Yr
10-Yr
Since Inception

Fund performance is calculated based on Adjusted NAV (which represents the equity only portion of the NAV and excludes undistributed net income (e.g. cash)). (Source: Adjusted NAV is provided by State Street Bank and Trust Company. Performance information is provided by the Manager.)  Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. (Price Return with no dividend reinvested. Source: Hang Seng Indexes Company Limited.) Performance returns for periods of less than one year are not annualised.

Calendar Year Performance (As of )

TraHK does not currently have a dividend reinvestment program relating to the semi-annual dividends paid by TraHK to shareholders. Consequently, the TraHK (assuming TraHK semi-annual dividend reinvested) performance may not be realised unless investors choose to reinvest dividends when paid using their own means.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of TraHK (assuming TraHK semi-annual dividend reinvested) performance is based on the calendar year end, NAV to NAV, with semi-annual dividend reinvested.

The computation basis of TraHK (assuming without TraHK semi-annual dividend reinvested and excluding undistributed net income) performance is based on the calendar year end, NAV* to NAV* (*NAV excluding undistributed net income), without semi-annual dividend reinvested.

The Hang Seng Index (Total Return Index) performance is provided for reference purpose only.

These figures show by how much the fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in HKD on a net of fees basis including ongoing charges and excluding your trading costs on SEHK.

The benchmark of TraHK is Hang Seng Index.

Fund Inception Date: 11 November 1999

Holdings

Total Net Asset Value Number of Units Outstanding Number of Units Outstanding Asset Allocation Stock Asset Allocation Cash and Cash Equivalents

Fund Top Holdings (As of )

Stock Name Stock Code Listing Exchange Sector Weighting
Download All Holdings: Daily CSV Monthly CSV
Download Portfolio Composition File (PCF Detail): Daily CSV

Index Top Holdings (As of )

Stock Name Stock Code Sector Weighting
Constituents and Weights

The top holdings and sector breakdown shown are as of the date indicated above and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The "Sector" information is obtained from source(s) which Hang Seng Investment Management Limited ("HSVM") reasonably believes to be reliable. All other information is obtained from State Street Bank and Trust Company. The stock weighting is a percentage number calculated based on the total net asset value of the fund. The composition information is for your information and reference only, and does not constitute any offer, solicitation or recommendation to buy or sell Units in the Fund.

Portfolio Analysis  (As of )

Tracking Difference and Tracking Error

Explanatory Notes on Tracking Difference and Tracking Error

The Structure of TraHK

As set out in TraHK's offering documents, TraHK aims to provide investment results that closely correspond to the performance of the Hang Seng Index. To achieve this objective, TraHK invests all, or substantially all, of its assets in shares in the constituent companies of the Index ("Index Shares") in substantially the same weightings in the Hang Seng Index. As a result of holding Index Shares, TraHK receives dividends being paid on those shares, which TraHK retains in cash or cash-like investments. This cash is available for distribution to investors every 6 months. TraHK meets its investment objective over a given period when both the capital gains or losses on the stocks it holds and the accrued income from the stock dividends it receives closely correspond to the respective return and income of the Hang Seng Index over that period. The Hang Seng Index is not a total return index, but a price return index, which means it only measures capital gains and losses on its constituent stocks and does not include any cash from the dividend income which the stocks may generate.

Tracking Difference and Tracking Error

In addition to the return of an ETF, measures such as tracking difference and tracking error allow investors to assess how closely and how consistently an ETF tracks its underlying index.

  • Tracking Difference is the return difference between an ETF and its underlying index over a certain period of time.
  • Tracking error measures how consistently an ETF follows its index. It is the volatility (measured by standard deviation) of the tracking difference over a certain period of time.

There are several methodologies that can be used to allow for effective assessment of how closely or consistently an ETF meets its investment objectives. TraHK publishes tracking difference and tracking error on its website and factsheet, and the tracking difference in its Product Key Facts Statement according to the two methodologies below.

(1) The Standard Methodology : The standard methodology compares the return of TraHK calculated using its net asset value (which consists of equities and cash) with the Hang Seng Index (which consists of equities only). This is designed to provide investors with a way to compare similar investment products.

(2) The Adjusted NAV Methodology : Adjusted NAV methodology compares the Adjusted NAV of TraHK (which represents the equities only portion of the NAV and excludes undistributed net income (e.g. cash)) with the Hang Seng Index (which consists of equities only). This aims to facilitate investors' assessment on how closely and how consistently TraHK provides equity returns from capital gains or losses in line with the Hang Seng Index and in meeting its investment objective.

The above disclosures are compliant with the relevant guidance of the Securities and Futures Commission of Hong Kong.

Tracking Difference Table

The figures under the table titled "Tracking Difference" below are calculated using two methodologies, namely, (i) the return difference between TraHK's NAV and the Hang Seng Index [1], and (ii) the return difference between TraHK's Adjusted NAV (which represents the equities only portion of the NAV and excludes undistributed net income (e.g. cash)). and the Hang Seng Index [2].

[1] this disclosure provides comparison between TraHK's NAV (which contains equities and cash) relative to the Hang Seng Index (which consists of equities only)

[2] this disclosure provides comparison between TraHK's Adjusted NAV (which represents the equities only portion of the NAV and excludes undistributed net income (e.g. cash)) with the Hang Seng Index (which consists of equities only). This aims to facilitate investors' assessment on how closely TraHK provides equity returns from capital gains or losses in line with the Hang Seng Index.

Tracking Error Table

The figures under the table titled "Tracking Error" below are calculated using two methodologies, namely, (i) the return difference between TraHK's NAV and the Hang Seng Index [3], and (ii) the return difference between TraHK's Adjusted NAV which represents the equities only portion of the NAV and excludes undistributed net income (e.g. cash) and the Hang Seng Index [4].

[3] this disclosure provides comparison between TraHK's NAV (which contains equities and cash) relative to the Hang Seng Index (which consists of equities only). As the Tracking Difference increases each time there is cash accrued within TraHK's NAV due to the receipt of cash from securities dividends and upon a dividend payout to investors, which are not accounted for in the Hang Seng Index, this creates an increase in the Tracking Error.

[4] this disclosure provides comparison between TraHK's Adjusted NAV (which represents the equities only portion of the NAV and excludes undistributed net income (e.g. cash)) with the Hang Seng Index (which consists of equities only). This aims to facilitate investors' assessment on the consistency of TraHK providing equity returns from capital gains or losses in line with the Hang Seng Index.

Tracking Difference (Fund listing date: )

Rolling 1-Year TD (As of )
NAV vs Hang Seng Index (Price Return) [1] -
Adjusted NAV vs Hang Seng Index (Price Return)[2] -
Calendar Year Tracking Difference                    
NAV vs Hang Seng Index (Price Return)[1]                    
Adjusted NAV vs Hang Seng Index (Price Return)[2]                    

Tracking Error (Fund listing date: )

Rolling 1-Year TE[5] (As of )
NAV vs Hang Seng Index (Price Return)[3] -
Adjusted NAV vs Hang Seng Index (Price Return)[4] -

[5] Annualized based on the number of dealing days in the past year when daily TD is calculated

TraHK's performance is calculated on a NAV to NAV basis without any reinvestment of distributions. The Index is Hang Seng Index (a price return index).

Historical Closing Prices and Dividends

Historical Closing Prices (As of )

Please select:
Date Closing Price per Unit

Dividend History

Ex-Date Record date Pay date Currency Distribution per unit (HKD)

Distribution on all units (whether traded in RMB or HKD counter) will be in HKD only;

TraHK aims to pay dividend on semi-annual basis. The dividend amount or dividend rate is not guaranteed.

Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. Investors should read the relevant fund’s offering documents (including the Product Key Facts Statement) for further details including the risk factors.

Related Documents

Investment involves risk and past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The website has not been reviewed by SFC. Issued by Hang Seng Investment Management Limited.