CIFM China Sector Rotation Fund ‐ Class H (CNY)

The Fund aims to, through capturing the pattern of correlations between assets rotation, industrial strategy and economic cycles, achieve long-term steady excess return of fund assets in an environment of changing prosperity by exploring opportunities in listed companies which demonstrates core competitive advantage in the dominant industries during cyclical economic fluctuations.

CIFM China Sector Rotation Fund ‐ Class H (CNY)

The Fund aims to, through capturing the pattern of correlations between assets rotation, industrial strategy and economic cycles, achieve long-term steady excess return of fund assets in an environment of changing prosperity by exploring opportunities in listed companies which demonstrates core competitive advantage in the dominant industries during cyclical economic fluctuations.

26.65%

3 Years Annualised

1.01

Sharpe Ratio

CNY $930.0

Fund Size (Mil)

Fund Type

Mixed Securities

Geographies

Mainland China

Industry Focus

Manufacturing

Fund Style

Blend

Distribution

Not more than 4 times in a calendar year

Inception Date

21/01/2016

Track Records

As part of Venture Smart’s rigorous selection and due diligence process, we analyse the fund’s investment record for the specific fund strategy in great detail. We scrutinize investment level performance, comparing investment strategy with results and understanding the team’s actions to drive overperformance and manage under performance.

Terms & Legal

Investment Manager

China International Fund Management

Fund Manager

Sun Fang, China

Management fee

1.50%

Performance fee

Not Applicable

Max Initial Charge

5.0%

Redemption Fee

0.13% NAV
(Up to 0.5%)

Remarks

• Units are generally bought and redeemed at the Fund’s next-determined NAV after the Hong Kong Representative or authorised distributors receive your request in good order on or before 3 p.m. (Hong Kong time) being the dealing cut-off time. Certain authorised distributors may impose different earlier dealing deadlines for receiving requests from investors. Investors should check with the relevant authorised distributors.

• Subscription and redemption applications received after such time will be dealt with on the immediately following Hong Kong Dealing Day. There may also be changes to the dealing and cut-off time arrangements as a result of market events. Investors should inquire with the Hong Kong Representative or their authorised distributors for the related dealing and
cut-off time arrangements.

• The NAV of the Fund is calculated and the price of units published each Hong Kong Dealing Day. They are available online at www.jpmorganam.com.hk (the website has not been reviewed by the SFC).

• The composition of the distributions in respect of the Class H Units (i.e. the relative amounts paid out of net distributable
income and capital) for the last 12 months are available by the Hong Kong Representative on request and also at www.jpmorganam.com.hk (the website has not been reviewed by the SFC).

• Investors should visit www.jpmorganam.com.hk (the website has not been reviewed by the SFC) for the latest notices relating to the Fund.

Important Information

• The Fund will explore in listed companies which demonstrates core competitive advantage in the dominant industries during cyclical economic fluctuations.
• The Fund is therefore exposed to investment, concentration, Mainland market, RMB currency and conversion risks. The Fund has exposure to the Mainland China equity and will be subject to market, volatility, policy, small/mid-capitalisation companies, and high valuation and liquidity risks. The Fund will also subject to the SME board and/or ChiNext market risk, Mainland debt securities risk and the risks relating to repurchase/reverse repurchase transactions.
• The Fund is a Mainland fund authorized for public offering in Hong Kong pursuant to the Mainland-Hong Kong Mutual Recognition of Funds (MRF) scheme and risks associated with the MRF arrangement include (1)Quota restrictions; (2)Failure to meet eligibility requirements under MRF; (3)Mainland tax risk; and (4)Different market practices between Mainland and Hong Kong. The Fund may at its discretion make distributions out of accrued net distributable income carried over from the previous financial year(s) amounts to distributions out of capital under Hong Kong regulatory disclosure requirements. Investors should note that the payment of distributions out of capital represents a return or a withdrawal of part of the amount they originally invested or capital gain attributable to that amount. Any distributions involving payment of dividends out of capital of the share class will result in an immediate decrease in the NAV per unit of the relevant units.
• Investors should not only base on this marketing material alone to make investment decisions.

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Disclaimer

Warning statement

Past performance is not a guide to future performance. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, dividends reinvested and does not take account of commissions and costs incurred on the issue and redemption of units. US/Hong Kong dollar-based investors are exposed to currency fluctuations where funds are denominated in currencies other than US/Hong Kong dollars.

Performance data is not available if a share class is less than 12 calendar months old. However performance data for other share classes of the same fund will be available in the factsheet, provided such share classes are more than 12 calendar months old. Performance between share classes may differ due to factors such as hedging strategies and fees.

Important Information

  • The investment may involve risks that could result in loss of part or entire amount of investors’ investment.
  • Investors should not solely rely on this document to make any investment decision. You should read and understand the offering documents for further fund details including risk factors.
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Contact

Headquarters and principal place of business

23/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong

Causeway Bay Office

12/F, Phase II, China Taiping Tower, 8 Sunning Road, Causeway Bay, Hong Kong