00718B FB China Policy Bond

Fund Details


Investment Objective

Closely track the performance of Bloomberg Barclays China Policy Bank Index

Fund Characteristic

The Bloomberg Barclays China Policy Bank Index contains fixed-rate Policy Bank CNY-denominated securities that are listed on the China Interbank market.

Principal Investment Strategy

For each index, Bloomberg maintains two universes of securities: the Returns (Backward) and the Projected (Forward) Universes. The composition of the Returns Universe is rebalanced at each month-end and represents the fixed set of bonds on which index returns are calculated for the next month. The Projected Universe is a forward-looking projection that changes daily to reflect issues dropping out of and entering the index but is not used for return calculations. On the last business day of the month (the rebalancing date), the composition of the latest Projected Universe becomes the Returns Universe for the following month.

Top Ten Holdings


    No. Stock Code Stock Name Weighting
    1 CND10001WKZ7 SDBC 3.48 01/08/29 (190205) 2.08%
    2 CND100011220 SDBC 4.04 07/06/28 (180210) 1.98%
    3 CND100029N93 SDBC 3.65 05/21/29 (190210) 1.92%
    4 CND10000H4F0 SDBC 4.04 04/10/27 (170210) 1.91%
    5 CND10001YC12 EXIMCH 3.28 02/11/24 (190305) 1.86%
    6 CND100009R93 SDBC 3.18 04/05/26 (160210) 1.84%
    7 CND10000L7C4 SDBC 4.88 02/09/28 (180205) 1.74%
    8 CND10000BV90 SDBC 3.05 08/25/26 (160213) 1.74%
    9 CND100008S93 SDBC 3.74 09/10/25 (150218) 1.63%
    10 CND100009JN2 SDBC 2.96 02/18/21 (160206) 1.55%

Source: Bloomberg Index Services Limited Data as of 2020.01.31