Investment Objective
Closely track the performance of FTSE Chinese Policy Bank Bond 0-1 Year Select Index.
Fund Characteristic
The FTSE Chinese Policy Bank Bond 0-1 Year Select Index measures the performance of CNY-denominated policy bank bonds issued in Mainland China. These bonds have a remaining maturity of 1-12 months. The eligible Chinese policy bank bonds are those issued by the China Development Bank, the Agricultural Development Bank of China, and the Export-Import Bank of China. These policy banks are state-owned and their objectives typically include providing social benefit, stimulating the economy, and supporting growing local industries.
Principal Investment Strategy
Portfolio is rebalanced once per month on the last business day of the month.
Top Ten Holdings
| No. |
Stock Code |
Stock Name |
Weighting |
| 1 |
CND10000LTH1 |
SDBC 4.07 04/27/21 (180208) |
5.53% |
| 2 |
CND10001NZ67 |
SDBC 3.68 09/07/21 (180212) |
5.14% |
| 3 |
CND100037LN9 |
SDBC 1.3 05/19/21 (200211) |
5.01% |
| 4 |
CND10001WKP8 |
SDBC 3.03 01/18/22 (190202) |
4.75% |
| 5 |
CND100010KJ6 |
ADBCH 4.24 06/01/21 (180409) |
3.74% |
| 6 |
CND10003JHT9 |
EXIMCH 2.53 07/27/21 (200309) |
3.57% |
| 7 |
CND10003NZT3 |
SDBC 2.7 09/22/21 (200216) |
3.44% |
| 8 |
CND10001RT79 |
ADBCH 3.3 11/21/21 (180412) |
3.24% |
| 9 |
CND10002CZG5 |
ADBCH 3.11 06/13/21 (091918001) |
3.19% |
| 10 |
CND10000G5D3 |
SDBC 3.43 12/08/21 (160218) |
3.18% |
Source: FTSE Fixed Income LLC Data as of 2021.03.31
