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CCB Principal Dual Income Bond Fund* (*The name of the fund is not indicative of the fund's performance and return)
Important Notes
- CCB Principal Dual Income Bond Fund (the “Fund”) is a Mainland fund authorized for public offering in Hong Kong pursuant to Mainland-Hong Kong Mutual Recognition of Funds arrangement (“MRF”).
- The Fund is authorized pursuant to the MRF and is thus subject to risks associated with the MRF arrangement, including those related to quota restrictions, the Fund’s failure to meet MRF eligibility requirements, Mainland tax risk and different market practices between Mainland and Hong Kong.
- The Fund invests primarily in securities related to the Mainland market and may be subject to additional concentration risk. Investing in the Mainland market may give rise to different risks including political, policy, tax, economic, foreign exchange, legal, regulatory and liquidity risks.
- The Fund is subject to risks associated with Mainland debt securities such as volatility and liquidity risks, counterparty risk, interest rate risk, downgrading risk, credit rating agency risk, risk associated with urban investment bonds, asset-backed securities, debt securities which are rated BB+ or below by a Mainland credit rating agency or unrated, repurchase and reverse repurchase transactions and RMB currency and conversion risks.
- The Fund is an investment fund. There is no guarantee of the repayment of principal or payment of dividend or distributions. The Manager may in its discretion pay dividends out of capital or pay dividends out of gross income resulting in an increase in distributable income for the payment of dividends by the Fund while charging all or part of the Fund’s fees and expenses to the capital of the Fund and therefore the Fund may effectively pay dividends out of capital. Payment of dividends out of capital or effectively out of capital amount to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distribution involving payment of distributions out of or effectively out of the Fund’s capital (as the case maybe) may result in an immediate reduction of the net asset value per unit of the Fund.
- Investment involves risk. There is no assurance on investment returns and you may not get back the amount originally invested.
- The investment decision is yours and you should not invest in this Fund unless the intermediary who sells it to you has advised you that it is suitable for you and explained how it is consistent with your investment objectives.
- You should not rely solely on this marketing material when making your investment decision. You should read the offering document of the Fund for further details (including investment policy, risk factors, fees and charges, and fund information).
NAV ^
Daily Change
Valuation Date (DD/MM/YYYY)
^ The unit price of the fund is calculated on net asset value.
Investment Objective:
The investment objective of the Fund is, through a pro-active management of bond portfolio, to obtain investment return for its investors whilst maintaining a stable growth of the Fund assets.
Investment Policy:
The Fund seeks to achieve stable income generation and sustainable capital appreciation through investing in bond instruments (including government bonds, financial bonds, central bank bills, corporate bonds, enterprise bonds, subordinated bonds, convertible bonds, short-term financing bonds etc. The Fund aims to achieve stable income generation and sustainable capital appreciation mainly through investing in bonds instruments with interest/coupon returns, supplemented by ancillary investments in stocks issued by listed companies with solid prospects of profitability and dividend yields. For details please refer to the Prospectus.
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Series Name
CCB Principal Dual Income Bond Fund
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Fund Name
CCB Principal Dual Income Bond Fund* (*The name of the fund is not indicative of the fund's performance and return)
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Asset Class
Fixed Income
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Fund Domicile
China
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Base Currency
CNY
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Fund Size
CNY2,607 million As of 31/12/2023
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3 years annualized volatility1
14.64 As of 29/2/2024
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Management Fees
0.70% pa
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Investment Manager
Yin Runquan
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Launch Date (DD/MM/YYYY)
22/06/2016
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Ongoing charges over a year2
1.01%
- The 3 Years Annualized Volatility shows the risk of a fund and is calculated as an annualized standard deviation based on the monthly rates of return of the constituent fund over the past three years. However, it is not required to indicate the 3 Years Annualized Volatility if the period between the reporting date of the website and the inception date for the fund is less than 3 years.
- The ongoing charges figure is based on expenses for the year ended 31 December 2021. This figure may vary from year to year. It represents the sum of the ongoing expenses chargeable to the unit class expressed as a percentage of the average net asset value of the unit class.
Cumulative Return (%)
| As of (DD/MM/YYYY) | 1 Month | 3 Months | Year To Date | 1 Year | 3 Years | 5 Years | Since Launch | |
|---|---|---|---|---|---|---|---|---|
| Class A Units | 29/02/2024 | 7.6 | -1.8 | -2.1 | -10.6 | -2.8 | 4.1 | 87.3 |
| Class H Units | 29/02/2024 | 7.5 | -1.9 | -2.1 | -10.7 | -2.9 | 4 | 7.7 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
Year To Date
2023
2022
2021
2020
2019
Class A Units
29/02/2024
-2.1
-2
-10
12
3.7
7.6
Class H Units
29/02/2024
-2.1
-2.1
-10
11.9
3.8
7.5
| As of (DD/MM/YYYY) | Year To Date | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Class A Units | 29/02/2024 | -2.1 | -2 | -10 | 12 | 3.7 | 7.6 |
| Class H Units | 29/02/2024 | -2.1 | -2.1 | -10 | 11.9 | 3.8 | 7.5 |
| Dividend Period End Date | Dividend per unit | Dividend paid out of net distributable income for the period | Dividend effectively paid out of capital |
|---|---|---|---|
| 30/09/2022 | CNY0.020 | 100% | 0% |
| 31/03/2022 | CNY0.035 | 43% | 57% |
| 31/12/2021 | CNY0.033 | 100% | 0% |
| 31/03/2021 | CNY0.020 | 100% | 0% |
| 30/09/2020 | CNY0.0236 | 100% | 0% |
| 30/06/2020 | CNY0.0211 | 100% | 0% |
| 31/03/2020 | CNY0.019 | 100% | 0% |
| 31/12/2019 | CNY0.020 | 100% | 0% |
| 26/10/2017 | CNY0.017 | 100% | 0% |
| 20/01/2017 | CNY0.035 | 54% | 46% |
| 19/10/2016 | CNY0.025 | 57% | 43% |
| 15/07/2016 | CNY0.024 | 13% | 87% |
1. Any subscription application of the fund units submitted on the ex-rights date shall not enjoy this round of distribution, any redemption application of the funds units submitted on the ex-rights date shall enjoy this round of distribution.
In regards to Class H Units of the fund, dividend (if any), will be declared and paid no more than 6 times during a financial year at the Manager’s discretion. There is no guarantee of the repayment of principal or payment of dividend or distributions. Payment of dividends out of capital or effectively out of capital amount to a return or withdrawal of part of a Unitholder’s original investment or from any capital gains attributable to that original investment. Any distribution involving payment of distributions out of or effectively out of the Fund’s capital may result in an immediate reduction of the net asset value per unit.
*** Net Distributable Income: Dividend Income plus Interest Income plus Realized Investment Gain
Warning: 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. You should read the relevant offering document (including the product key facts statement) of the fund for further details (including investment policy, risk factors, fees and charges, and fund information).
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Prospectus - CCB Principal Dual Income Bond Fund
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Hong Kong Covering Document- CCB Principal Dual Income Bond Fund
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Product Key Facts - CCB Principal Dual Income Bond Fund
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Sales Flyer of Mainland-Hong Kong Mutual Recognition of Funds (Southbound) (Chinese only)
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Fund Fact Sheet - CCB Principal Dual Income Bond Fund
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Annual Report (Simplified Chinese Version Only) - CCB Principal Dual Income Bond Fund (As of 31 December 2023)
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Notice to HK Investors Regarding Annual Report - CCB Principal Dual Income Bond Fund (As of 31 December 2023)
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Unaudited Interim Report (Simplified Chinese Version Only) - CCB Principal Dual Income Bond Fund (As of 30 June 2023)
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Notice to HK Investors Regarding Unaudited Interim Report - CCB Principal Dual Income Bond Fund (As of 30 June 2023)
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Quarterly Report (Simplified Chinese Version Only) - CCB Principal Dual Income Bond Fund (As of 31 December 2023)
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Notice to HK Investors Regarding Quarterly Report - CCB Principal Dual Income Bond Fund (As of 31 December 2023)
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Announcement - In Relation to Change of Senior Management of the Fund Manager (30 March 2024)
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Announcement - In Relation to Appointment of Senior Management of the Fund Manager (9 December 2023)
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Announcement - In Relation to Update to the Address of the Hong Kong Representative (24 October 2023)
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Announcement - In Relation to Appointment of Chairman of the Board of the Fund Manager (28 September 2023)
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Announcement - In Relation to Updated Prospectus (14 July 2023)
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Announcement - In Relation to Change of Senior Management of the Fund Manager (18 March 2023)
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Announcement - In Relation to Updates of Chairman & President (18 February 2023)
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Announcement - In Relation to Change of Senior Management of the Fund Manager (18 February 2023)
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Announcement - In Relation to the Renewal of the Suitability Risk Levels Assessment Results of Publicly Offered Fund Products (15 February 2023)
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Announcement - In Relation to Dividend Composition (27 October 2022)
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Announcement - In Relation to Dividend Announcement (19 October 2022)
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Announcement - In Relation to Suspension in Subscription (18 October 2022)
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Announcement - In Relation to Change in Chairman of the Board of the Fund Manager (13 May 2022)
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Announcement - In Relation to Change of Senior Management of the Fund Manager (13 May 2022)
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Announcement - In Relation to Implementation of Relevant New Accounting Standards (4 January 2022)
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Announcement - In Relation to Investment in stocks listed on the Beijing Stock Exchange (26 November 2021)
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Announcement - In Relation to Change of Portfolio Manager (12 November 2021)
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Announcement - In Relation to Change of Portfolio Manager (19 October 2021)
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Announcement – In Relation to Updated KFS and HK Covering Document (30 July 2021)
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Announcement - In Relation to Change of Portfolio Manager (24 May 2021)
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Announcement - In Relation to Addition of Portfolio Manager (15 October 2019)
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Announcement - In Relation to Change of Portfolio Manager (24 April 2018)
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Announcement - In Relation to Amendment Fund Contract (23 March 2018)
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Announcement - In Relation to Change of Portfolio Manager (7 May 2018)
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Mutual Funds Product Range Brochure