Fullgoal International UCITS ETF

FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index

  • Overview  
  • Process  
  • Performance  
  • Disclosure  

Overview

The Fullgoal International UCITS ETF tracks the performance of the FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index. As it strives to keep the absolute value of annualized tracking error within 3% and does not use leverage, repo transaction or non-cleared derivatives.

  • RMB denominated investment
  • Daily adjustment based on duration & liquidity criteria
  • Daily liquidity
  • Listed on the Bourse de Luxembourg, London Stock Exchange and Borsa Italiana
  • Registration for public distribution in Finland, Italy, Luxembourg, Sweden and United Kingdom

 

Fund Information

   

Fund Name

Fullgoal FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index ETF

Index Name

FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index

ISIN

LU1361701714 – RMB A Share – London Stock Exchange

LU1361702365 – EUR C Share – Borsa Italiana

UCITS V Compliant

Yes

Fund Base Currency

RMB (CNH)

Investment Methodology

Sample based physical replication model

Portfolio Structure

Optimized Sampling (30-50 bonds)

Fund Listing Date

15/06/2016 on Bourse de Luxembourg

21/06/2016 on London Stock Exchange

23/06/2016 on Borsa Italiana

Maximum Fee

0.55%

Income Treatment

Distribution (up to four times per year)

NAV Per Share

¥106.895864 (31 October 2017)

Total Fund Assets

¥60,293,517.03 (31 October 2017)

 

Index Information12

Index Name FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index
Number of Bonds 308
Issuer Type Bonds issued by the Chinese government and the three Chinese policy banks
Rebalancing Monthly
Market Value Duration Weighted Average Redemption Yield 4.06%
Modified Duration 3.92
Convexity

24.46

Bloomberg Ticker FCOBRB1T

1as of 31 October 2017 

 

Listing and Trading Information

 

Share Class

NAV Currency

Trading Currency

Trading Hours

(Local time)

Settlement

Bloomberg Ticker

Reuters RIC

Exchange Code

London Stock Exchange

Class A

RMB

USD

08:00 – 16:30

T+2

RMB2 LN

RMB2.L

RMB2

EUR

08:00 – 16:30

T+2

RMB1 LN

FGRMB1.L

RMB1

Borsa Italiana

Class C

EUR

EUR

09:00 – 17:30

T+2

RMB1 IM

RMB1.MI

RMB1

FTSE China Onshore Sovereign and Policy Bank 1-10 Year Bond Index2

Untitled

2Source: FTSE Russell (data as of 31 October 2017)

FTSE Index
329 issues are regularly reviewed to properly capture the market and reflect the onshore RMB denominated bonds market. Daily calculation and monthly rebalancing are factored in in indexing.
Replication
Stratified sampling of 30 to 50 bonds among the FTSE index selects for the highest liquidity.
ETF construction
Our proprietary quantitative model provides the best weighting of each bond by monitoring tracking error, duration and liquidity.
Trading
The trading team works around the clock, focusing on price optimisation, liquidity and fair value.

Historical Performance of the Index

  2016 2015 2014 2013
FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index 1.18% 7.79% 9.93% -1.62%

Rolling Performance of the Index1

  3 Mo 6 Mo 1 Year 3 Year Vol2
FTSE China Onshore Sovereign and Policy Bank Bond 1-10 Year Index0.52 -0.39% 0.43% -2.06% 10.00% 1.55%

1As of 31 October 2017
2Volatility (1 year)

Fund Performance

 

1 Month

3 Month

12 Month

YTD

Since Launch

Annualized Volatility

Fullgoal FTSE China Onshore Sovereign and Policy Bank Bond 1-10 year index ETF (RMB3 LN)*

-0.6845%

-0.5651%

-3.1790%

-0.8801%

-1.3581%

1.8989%

*Share class base currency is RMB

Past performance is no guarantee of future results. Returns show hypothetical performance. Please refer to the final page for legal disclaimer.

Disclaimer The contents of this document and any references contained in this website are for general information only and are not advice or an offer to buy or sell. The information does not take into account your specific investment objectives, financial situation and individual needs and is not designed as a substitute for professional advice. You should seek independent professional advice regarding the suitability of an investment product, taking into account your specific investment objectives, financial situation and individual needs before making an investment.

The contents of this website and any attachments/links contained in this website have been prepared in good faith. We accept no liability for any errors or omissions. Please note that the information may also have become outdated since its publication.

Investment involves risk, including the loss of principal. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment in the Fund. If you are in any doubt, you should seek professional advice. Investors should refer to the Fund’s prospectus for further details, including the product features and risk factors. Investors should not base investment decisions on this marketing material alone.

Future performance and the capital value of the Fund are not guaranteed. Past performance figures are not an indicative for future performance. The value of units may rise as well as fall. Investors are reminded that in certain circumstances their right to redeem may be suspended.

Please note that the Fund is not authorized by the Securities and Futures Commission (SFC) in Hong Kong as such is not available to the public in Hong Kong. This material has not been reviewed by the SFC in Hong Kong and the Commission de Surveillance du Secteur Financier in Luxemburg.

This information must not be reproduced or circulated without prior permission. This communication is not directed at, and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorized for distribution.

*KIID available on request for further information.

Benefits and Risk Factors

Investors should note that the Fullgoal UCITS ETF is not capital protected or guaranteed. Investors should be prepared and be able to sustain losses of the capital invested up to a total loss.

This factsheet is a marketing document and summarises certain aspects of the product only. Any investment decision should be made on the basis of an understanding of the Prospectus and the Key Investor Information Document (“KIID”), which is available on our website alongside full disclosure of NAV, the composition of the Fund’s portfolio and information on the index constituents.