This equity fund aims to achieve long-term capital growth, while respecting risk diversification.
The fund primarily invests via Shanghai- and/or Shenzhen-Hong Kong Stock Connect in stocks which either qualify as China A-Shares or are linked to China A-Shares, of companies characterized by high return on invested capital and strong market positions.
The specialized and seasoned investment team takes long-term high conviction investment decisions based on in-depth analyses combined with systematic screening. The team actively adapts portfolio positions to seize attractive new opportunities and control risks always in line with their latest assessment of investment conditions. They may use derivative financial instruments as well.
All data is as at 30 Sep 2024 unless otherwise indicated.
| 1M | YTD | 1Y | 3 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|
| I USD | 24.2% | 18.1% | 8.9% | -11.0% | -35.4% |
| Index | 23.1% | 17.5% | 13.9% | -7.9% | -26.4% |
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| I USD | -17.8% | -31.8% | NA | NA | NA | NA | NA | NA | NA | NA |
| Index | -11.7% | -27.2% | NA | NA | NA | NA | NA | NA | NA | NA |
All data is as at 4 Nov 2024 unless otherwise indicated.
| Portfolio Manager | Thomas Schaffner/Raphael Lüscher |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | USD |
| Share Class Currency | USD |
| Risk Level | 6.00 (7 Oct 2024) |
| Year End | 31 March |
| Index | MSCI China A Onshore TR net |
| Share Class Launch date | 31 May 2021 |
| Distribution Type | Accumulating |
| Swing pricing | Yes |
| SFDR Classification | Article 6 |
| Fund Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NO, SE, SG |
| Share Class Registrations | AT, CH, DE, FI, FR, GB, IT, LI, LU, NO, SE, SG |
| Highest since launch | 100.27 |
|---|---|
| Lowest since launch | 49.20 |
| Share class size in mln. | USD 3.34 |
| Management fee | 0.88% |
|---|---|
| TER* | 1.36% (28 Mar 2024) |
| OCF | 1.36% (28 Mar 2024) |
| ISIN | LU2262960185 |
|---|---|
| Valor | 58471459 |
| Bloomberg | VOCALIU LX |
| SEDOL | BL65265 |
| WKN | A3CN8P |
| Depository | State Street Bank International GmbH (Luxembourg Branch) |
|---|---|
| Management Company | Vontobel Asset Management SA, Luxembourg |
| Swiss Paying Agent | Bank Vontobel AG |
| Swiss Representative | Vontobel Fonds Services AG |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | TER* |
|---|---|---|---|---|---|---|---|
| A | USD | LU2262959849 | Distributing | Retail | 31 May 2021 | 1.75% | 2.28% (28 Mar 2024) |
| AN | USD | LU2262960425 | Distributing | Retail | 31 May 2021 | 0.88% | 1.40% (28 Mar 2024) |
| B | USD | LU2262959922 | Accumulating | Retail | 31 May 2021 | 1.75% | 2.28% (28 Mar 2024) |
| C | USD | LU2262960003 | Accumulating | Retail | 31 May 2021 | 2.35% | 2.88% (28 Mar 2024) |
| I | USD | LU2262960185 | Accumulating | Institutional | 31 May 2021 | 0.88% | 1.36% (28 Mar 2024) |
| N | USD | LU2262960342 | Accumulating | Retail | 31 May 2021 | 0.88% | 1.40% (28 Mar 2024) |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
* TER includes performance fee where applicable
All data is as at 30 Sep 2024 unless otherwise indicated.
| Position | Allocation | |
|---|---|---|
| Kweichow Moutai Co Ltd-A | 6.5% | |
| Ping An Insurance Group Co-H | 5.4% | |
| Byd Co Ltd-H | 4.9% | |
| Fuyao Glass Industry Group-A | 4.3% | |
| Shandong Himile Mechanical-A | 4.1% | |
| Midea Group Co Ltd-A | 4.0% | |
| Shenzhen Mindray Bio-Medic-A | 4.0% | |
| China Merchants Bank-A | 4.0% | |
| Haier Smart Home Co Ltd-H | 3.8% | |
| Zhongji Innolight Co Ltd-A | 3.7% |
View all documents View latest documents
| Document | Date | DE | EN | ES | FR | IT |
|---|---|---|---|---|---|---|
| Factsheets & Commentaries | ||||||
| Factsheet | Sep 2024 | |||||
| Factsheet | Aug 2024 | |||||
| Factsheet | Jul 2024 | |||||
| Factsheet | Jun 2024 | |||||
| Factsheet | May 2024 | |||||
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| Factsheet | Dec 2023 | |||||
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| Factsheet | Jan 2023 | |||||
| Factsheet | Dec 2022 | |||||
| Factsheet | Nov 2022 | |||||
| Factsheet | Oct 2022 | |||||
| Factsheet | Sep 2022 | |||||
| Factsheet | Aug 2022 | |||||
| Factsheet | Jul 2022 | |||||
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| Factsheet | May 2022 | |||||
| Factsheet | Apr 2022 | |||||
| Factsheet | Mar 2022 | |||||
| Factsheet | Feb 2022 | |||||
| Factsheet | Jan 2022 | |||||
| Factsheet | Dec 2021 | |||||
| Factsheet | Nov 2021 | |||||
| Factsheet | Oct 2021 | |||||
| Factsheet | Sep 2021 | |||||
| Factsheet | Aug 2021 | |||||
| Factsheet | Jul 2021 | |||||
| Factsheet | Jun 2021 | |||||
| Factsheet | May 2021 | |||||
| Monthly Commentary | Sep 2024 | |||||
| Monthly Commentary | Aug 2024 | |||||
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||||||
| PRIIPs KIDs | ||||||
| Key Information Document (KID) | Oct 2024 | |||||
| Legal Documents | ||||||
| AGM EGM invitation | May 2021 | |||||
| AGM EGM invitation | Aug 2020 | |||||
| Articles of Association | Apr 2017 | |||||
| Notification to Investors | Oct 2024 | |||||
| Notification to Investors | Sep 2024 | |||||
| Notification to Investors | Jun 2024 | |||||
| Notification to Investors | Oct 2022 | |||||
| Notification to Investors | Jan 2022 | |||||
| Notification to Investors | Aug 2021 | |||||
| Notification to Investors | Jun 2021 | |||||
| Notification to Investors | May 2021 | |||||
| Notification to Investors | Mar 2021 | |||||
| Notification to Investors | Feb 2021 | |||||
| Notification to Investors | Jun 2020 | |||||
| Notification to Investors | Sep 2019 | |||||
| Notification to Investors | Dec 2018 | |||||
| Sales Prospectus | Oct 2024 | |||||
| View more Legal Documents View less Legal Documents | ||||||
| Sustainability Related Disclosures | ||||||
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2024 | |||||
| Financial Reports | ||||||
| Annual Distribution | Jul 2024 | |||||
| Annual Report | Mar 2024 | |||||
| Distribution Dates | Jan 2024 | |||||
| Quarterly Distribution | Oct 2024 | |||||
| Quarterly Distribution | Apr 2024 | |||||
| Semi-Annual Report | Sep 2023 | |||||
| View more Financial Reports View less Financial Reports | ||||||
| Dealing Information | ||||||
| Holiday Calendar 2024 | Jan 2024 | |||||
| List of Active Retail Share Classes | Mar 2024 | |||||
| Policies | ||||||
| mtx ESG Guidlines | Sep 2024 | |||||
| Shareclass Naming Convention | Jan 2022 | |||||
RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Price fluctuations of investments due to market, industry and issuer linked changes are possible
Investment universe may involve investments in countries where the local stock exchanges may not yet qualify as recognised stock exchanges
Investments in foreign currencies are subject to currency fluctuations
Investments in emerging markets may be affected by political developments, currency fluctuations, illiquidity and volatility
There is no guarantee that all sustainability criteria will always be met for every investment. Negative impact on subfund's performance possible due to pursuing sustainable economic activity rather than a conventional investment policy
The Sub-Fund’s investments may be subject to Sustainability Risks. Information on how sustainability risks are managed in this Sub-Fund may be obtained from Vontobel.com/SFDR.
The Sustainability Risks that the Sub-Fund may be subject to are likely to have a low impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Funds’ ESG approach.
Morningstar rating: © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
ANY INDEX OR SUPPORTING DATA REFERRED TO HEREIN IS THE INTELLECTUAL PROPERTY (INCLUDING REGISTERED TRADEMARKS) OF THE APPLICABLE LICENSOR. ANY PRODUCT BASED ON AN INDEX IS IN NO WAY SPONSORED, ENDORSED, SOLD OR PROMOTED BY THE APPLICABLE LICENSOR AND IT SHALL NOT HAVE ANY LIABILITY WITH RESPECT THERETO. Refer to vontobel.com/terms-of-licenses for more details.
