GF China RMB Fixed Income Fund
Enquiry Hotline: (852) 3719 1100
(852) 3719 1250
   
Important Information of GF China RMB Fixed Income Fund:
- GF Investment Funds - GF China RMB Fixed Income Fund (the "Fund") invests primarily in RMB denominated and settled fixed income securities issued within Mainland China through the RQFII quota.
- The Fund is denominated in RMB. Subscription moneys and redemption proceeds must be paid in RMB. RMB is currently not freely convertible and there is no guarantee that RMB will not depreciate.
- The Fund is subject to the risk of investing primarily in Mainland China which is considered as an emerging market. Investments in Mainland China may also be less liquid and more volatile.
- RQFII risk: In the event of any default of either a PRC broker or the RQFII custodian in the execution or settlement of any transaction or in the transfer of any funds or securities in the PRC, the Fund may encounter delays in recovering its assets which may in turn impact the net asset value of the Fund. The Fund invests in securities through a RQFII which is subject to applicable regulations imposed by the PRC authorities.
- PRC tax risk: The Manager will make 10% provisions for any PRC taxes payable by the Sub-Fund on dividend from China A-Shares and interest from RMB denominated corporate bonds and policy bank bonds (but excluding government bonds). The Sub-Fund may be subject to the risks and uncertainties associated with changes in the PRC laws and regulations, including PRC tax laws, regulations and practice and such changes may have retrospective effect and may adversely affect the Sub-Fund’s asset value. The provisions made by the Manager may be excessive or inadequate to meet the actual tax liabilities. In case of any shortfall between the provisions and actual tax liabilities, which will be debited from the Sub-Fund’s assets, the asset value of the Sub-Fund will therefore be adversely affected. The actual tax liabilities may be lower than the tax provisions made. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision and will not have the right to claim any part of the overprovision (as the case may be).
- Valuation risk: Valuation of the Fund's investments may involve uncertainties and judgmental determinations, and independent pricing information may not at all times be available.
- The Fund is subject to the risks relating to fixed income securities (e.g. credit risk, risks relating to credit rating and downgrading, interest rate risk and liquidity risk). The Fund may invest in fixed income securities which are rated below investment grade. Such investments may be more volatile and less liquid.
- The price of the Fund may fluctuate and investors may lose some or all of their investment.
   
 
Investment Objective

The Fund aims to provide long term capital growth and income in RMB terms through investment primarily in fixed income securities issued within Mainland China (minimum 80% of the Fund's net asset value) and Mainland China A-Shares (maximum 20% of the Fund's net asset value) through the RQFII quota of the RQFII Holder which is the holding company of the Manager.
 
 
Fund Facts
 Fund Name  GF China RMB Fixed Income Fund
 Fund Manager  GF Asset Management (Hong Kong) Limited
 Trustee  BOCI-Prudential Trustee Limited
 Custodian  Bank of China (Hong Kong) Limited
 RQFII Custodian  Bank of China Limited
 Place of Establishment  Hong Kong
 Dealing Frequency  Daily (Hong Kong & China Business Day)
 Base Currency  RMB
 Management Fee  Class A: Up to 3% p.a. (Current Rate:1.2% p.a.)
 Class I: Up to 3% p.a. (Current Rate:0.75% p.a.)
 Subscription Fee  Up to 5%
 Redemption Fee  Nil
 Dividend Policy  Subject to the Manager’s discretion, distributions (if any) will be made on a quarterly basis (i.e. March, June, September and December each year)
 Bloomberg Code  Class A: GFCRMBA HK
 Class I: GFCRMBI HK
 ISIN Code  Class A: HK0000104296
 Class I: HK0000104304
 
Risk Warning and Disclaimer:
- All information and materials are prepared for general information purposes only, nothing should be regarded as an offer to sell, to subscribe, or provide any recommendation to sell investments.
- Investment involves risks and the value of units may go down as well as up. Past performance is not indicative of future performance. Investors may suffer a loss or benefit from investment return. The fund may not be suitable for all investors.
- Information herein may be obtained from sources believed to be reliable but GF Asset Management (HK) Limited does not guarantee the accuracy or completeness of the information provided by third parties.
- RQFII risk: In the event of any default of either a PRC broker or the RQFII custodian in the execution or settlement of any transaction or in the transfer of any funds or securities in the PRC, the Fund may encounter delays in recovering its assets which may in turn impact the net asset value of the Fund. The Fund invests in securities through a RQFII which is subject to applicable regulations imposed by the PRC authorities. The Fund may not have exclusive use of the entire RQFII quota granted by SAFE to the RQFII Holder, as the RQFII Holder may in its discretion allocate RQFII quota which may otherwise be available to the Fund to other public fund products under the Manager’s management or subject to SAFE’s approval, allocate RQFII quotas to other non-public fund products and/or accounts. However, there is no assurance that sufficient RQFII quota can be allocated to the Fund to meet all applications for subscription of units in the Fund.
- This website has not been reviewed by the Securities and Futures Commission. Issued by GF Asset Management (Hong Kong) Limited.
   
Fund Price
Share Class
Currency
Dealing Date
NAV per unit
Historical NAV per Unit
Class A
RMB
2019/06/12
82.429
Class I
RMB
-
-
 
Cumulative Performance¹ as of 31-Dec-2018
Share Class
1-Month
3-Months
6-Months
12-Months
YTD
LTD
Class A - RMB
-0.6
-1.3
1.2
-5.9
-5.9
-3.5
 
¹Source: Bloomberg, total return with dividend reinvested (if any). The investment returns are denominated in RMB. Investors are therefore exposed to fluctuations in the RMB/other currencies exchange rate.
 
Past Performance Information
Share Class
2012
2013
2014
2015
2016
2017
2018
Class A - RMB
--
0.2%
3.6%
3.7%
-0.7%
-6.1%
-5.9%
Class I - RMB
--
0.6%
4.1%
4.2%
-0.2%
--
--

Note:
- 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 unit class increased or decreased in value during the calendar year being shown. Performance data has been calculated in RMB including ongoing charges and excluding subscription fee and redemption fee you might have to pay.
- Where no past performance is shown there was insufficient data available in that year to provide performance.
- Sub-Fund launch date: 2012
- Class A launch date: 2012
  Class I launch date: 2012
 
  Documents related to GF China RMB Fixed Income Fund
  Document
  Download
 Fund Factsheet
 Key Facts Statement
 Explanatory Memorandum
 Annual Report
 Semi-Annual Report
For the quarter of
Unit Class
Dividend per Unit
Ex-dividend NAV
Dividend paid out of net distributable income^for the quarter
Dividend paid out of capital
Record Date
Ex-dividend Date
Payment Date
3rd Quarter,
2012
Class A

RMB 0.90

RMB 100.094

100%

0%

17-Sep-2012

18-Sep-2012

24-Sep-2012

Class I

RMB 0.90

RMB 100.349

100%

0%

17-Sep-2012

18-Sep-2012

24-Sep-2012

4th Quarter,
2012
Class A

RMB 0.70

RMB 100.634

100%

0%

17-Dec-2012

18-Dec-2012

27-Dec-2012

Class I

RMB 0.70

RMB 101.010

100%

0%

17-Dec-2012

18-Dec-2012

27-Dec-2012

1st Quarter,
2013
Class A

RMB 0.70

RMB 101.4656

100%

0%

18-Mar-2013

19-Mar-2013

25-Mar-2013

Class I

RMB 0.70

RMB 101.966

100%

0%

18-Mar-2013

19-Mar-2013

25-Mar-2013

2nd Quarter,
2013
Class A

RMB 1.00

RMB 101.177

100%

0%

17-Jun-2013

18-Jun-2013

24-Jun-2013

Class I

RMB 1.00

RMB 101.795

100%

0%

17-Jun-2013

18-Jun-2013

24-Jun-2013

3rd Quarter,
2013
Class A

RMB 0.50

RMB 100.328

100%

0%

16-Sep-2013

17-Sep-2013

23-Sep-2013

Class I

RMB 0.50

RMB 100.058

100%

0%

16-Sep-2013

17-Sep-2013

23-Sep-2013

4th Quarter,
2013
Class A

RMB 0.65

RMB 98.2254

100%

0%

13-Dec-2013

14-Dec-2013

20-Dec-2013

Class I

RMB 0.65

RMB 99.053

100%

0%

13-Dec-2013

14-Dec-2013

20-Dec-2013

1st Quarter,
2014
Class A

RMB 0.09

RMB 98.564

100%

0%

17-Mar-2014

18-Mar-2014

24-Mar-2014

Class I

RMB 0.09

RMB 99.507

100%

0%

17-Mar-2014

18-Mar-2014

24-Mar-2014

2nd Quarter,
2014
Class A

---

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---

---

---

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Class I

---

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3rd Quarter,
2014
Class A

---

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---

---

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Class I

---

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4th Quarter,
2014
Class A

---

---

---

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Class I

---

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---

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1st Quarter,
2015
Class A

RMB 0.60

RMB 101.412

100%

0%

23-Mar-2015

24-Mar-2015

30-Mar-2015

Class I

RMB 0.60

RMB 102.883

100%

0%

23-Mar-2015

24-Mar-2015

30-Mar-2015

2nd Quarter,
2015
Class A

RMB 0.80

RMB 101.901

100%

0%

22-Jun-2015

23-Jun-2015

29-Jun-2015

Class I

RMB 0.80

RMB 103.511

100%

0%

22-Jun-2015

23-Jun-2015

29-Jun-2015

3rd Quarter,
2015
Class A

RMB 0.80

RMB 101.938

100%

0%

15-Sep-2015

16-Sep-2015

23-Sep-2015

Class I

RMB 0.80

RMB 103.674

100%

0%

15-Sep-2015

16-Sep-2015

23-Sep-2015

4th Quarter,
2015
Class A

RMB 0.80

RMB 101.974

100%

0%

22-Dec-2015

23-Dec-2015

30-Dec-2015

Class I

RMB 0.80

RMB 103.854

100%

0%

22-Dec-2015

23-Dec-2015

30-Dec-2015

1st Quarter,
2016
Class A

RMB 0.55

RMB 101.942

100%

0%

21-Mar-2016

22-Mar-2016

31-Mar-2016

Class I

RMB 0.55

RMB 103.950

100%

0%

21-Mar-2016

22-Mar-2016

31-Mar-2016

2nd Quarter,
2016
Class A

RMB 0.55

RMB 100.496

100%

0%

21-Jun-2016

22-Jun-2016

30-Jun-2016

Class I

RMB 0.55

RMB 102.606

100%

0%

21-Jun-2016

22-Jun-2016

30-Jun-2016

3rd Quarter,
2016
Class A

RMB 0.55

RMB 100.187

100%

0%

21-Sep-2016

22-Sep-2016

30-Sep-2016

Class I

RMB 0.55

RMB 102.420

100%

0%

21-Sep-2016

22-Sep-2016

30-Sep-2016

4th Quarter,
2016
Class A

RMB 0.55

RMB 98.973

100%

0%

20-Dec-2016

21-Dec-2016

30-Dec-2016

Class I

RMB 0.55

RMB 101.305

100%

0%

20-Dec-2016

21-Dec-2016

30-Dec-2016

1st Quarter,
2017
Class A

RMB 0.15

RMB 99.228

100%

0%

22-Mar-2017

23-Mar-2017

31-Mar-2017

Class I

RMB 0.15

RMB 101.686

100%

0%

22-Mar-2017

23-Mar-2017

31-Mar-2017

2nd Quarter,
2017
Class A

---

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---

---

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Class I

---

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3rd Quarter,
2017
Class A

---

---

---

---

---

---

---

Class I

---

---

---

---

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4th Quarter,
2017
Class A

---

---

---

---

---

---

---

Class I

---

---

---

---

---

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1st Quarter,
2018
Class A

---

---

---

---

---

---

---

Class I

---

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2nd Quarter,
2018
Class A

---

---

---

---

---

---

---

Class I

---

---

---

---

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3rd Quarter,
2018
Class A

---

---

---

---

---

---

---

Class I

---

---

---

---

---

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4th Quarter,
2018
Class A

---

---

---

---

---

---

---

Class I

---

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^"Net distributable income" means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant class of units. It may also include net realised gains (if any) based on unaudited management accounts.
 
Warning:
Please note that a positive distribution yield does not imply a positive return. There is no no guarantee of regular distribution and if distribution is made the amount being distributed. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the Fund for further details including the risk factors before making any investment decision.
Announcement/Notice
  Document
Date
  Download

Notice to Unitholders

June 2012

Notice to Unitholders

January 2013

Notice to Unitholders

March 2013

Notice to Unitholders

14 March 2014

Notice to Unitholders

30 December 2014

Notice to Unitholders

25 August 2015

Notice to Unitholders

7 July 2016

Notice to Unitholders

8 November 2016

Notice to Unitholders

21 July 2017

Notice to Unitholders

21 August 2017

Notice to Unitholders

28 March 2018

Notice to Unitholders

24 August 2018

Notice to Unitholders

30 April 2019