| SECTOR ALLOCATIONS % (MV) | Fund | Bmrk |  | ASSET SUMMARY | Fund |
| --- | --- | --- | --- | --- | --- |
| Communication Services | 5.77 | 11.27 |  | Cash Equivalents (%) | 4.16 |
| Consumer Discretionary | 22.58 | 22.11 |  | Number of Stock Holdings | 29 |
| Consumer Staples | 8.38 | 9.07 |  | Assets in Top 10 Holdings (%) | 52.36 |
| Energy | 1.02 | 1.82 |  |  |  |
| Financials | 8.94 | 15.33 |  |  |  |
| Health Care | 9.70 | 9.23 |  |  |  |
| Industrials | 8.88 | 9.09 |  |  |  |
| Information Technology | 5.74 | 9.51 |  |  |  |
| Materials | 21.40 | 6.40 |  |  |  |
| Real Estate | 3.42 | 3.48 |  |  |  |
| Utilities | 0.00 | 2.69 |  |  |  |
| MARKET EXPOSURE % (MV) | Fund | Bmrk |  | RISK MEASURES | 3 years |
| Domestic Chinese A Shares | 36.74 | 47.92 |  | Alpha (%) | -1.68 |
| Domestic Chinese B Shares | 0.00 | 0.05 |  | Tracking Error (%) | 6.92 |
| Hong Kong (H Shares) | 29.39 | 11.43 |  | Beta | 0.95 |
| Hong Kong (Red Chips) | 26.46 | 30.89 |  | Sharpe Ratio | 0.43 |
| US ADRs | 3.25 | 9.70 |  | Information Ratio | -0.35 |
| Singapore S Chips | 0.00 | 0.00 |  | R-Squared (%) | 89.01 |
| Cash | 4.16 | 0.00 |  | Standard Deviation | 20.63 |
| TOP 10 HOLDINGS % (MV) | Fund | Bmrk |  |
| Haier Smart Home Co Ltd-H | 6.29 | 0.18 |
| Inner Mongolia Yili Indus-A | 6.15 | 0.24 |
| Alibaba Group Holding Ltd | 5.92 | 6.34 |
| Tencent Holdings Ltd | 5.77 | 7.80 |
| Jiangsu Eastern Shenghong -A | 5.64 | 0.10 |
| Yunnan Energy New Material C | 4.92 | 0.26 |
| China Merchants Bank - H | 4.85 | 0.71 |
| Cspc Pharmaceutical Group | 4.67 | 0.25 |
| China Pacific Insurance Gr-H | 4.10 | 0.18 |
| China Yongda Automobiles Ser | 4.06 | 0.00 |

Translation (ENIT, 2021-09-30):
| ALLOCAZIONE SETTORIALE % (VM) | Fondo | Bmrk |  | PORTAFOGLIO | Fondo |
| --- | --- | --- | --- | --- | --- |
| Servizi di comunicazione | 5,77 | 11,27 |  | Liquidità (%) | 4,16 |
| Beni voluttuari | 22,58 | 22,11 |  | Numero di titoli azionari | 29 |
| Beni di prima necessità | 8,38 | 9,07 |  | Asset nei primi 10 titoli (%) | 52,36 |
| Energia | 1,02 | 1,82 |  |  |  |
| Finanza | 8,94 | 15,33 |  |  |  |
| Salute | 9,70 | 9,23 |  |  |  |
| Industria | 8,88 | 9,09 |  |  |  |
| Informatica | 5,74 | 9,51 |  |  |  |
| Materiali | 21,40 | 6,40 |  |  |  |
| Immobiliare | 3,42 | 3,48 |  |  |  |
| Utility | 0,00 | 2,69 |  |  |  |
| ESPOSIZIONE DI MERCATO (VM) % | Fondo | Bmrk |  | MISURE DI RISCHIO | 3 anni |
| Azioni domestiche cinesi A | 36,74 | 47,92 |  | Alpha (%) | -1,68 |
| Azioni domestiche cinesi B | 0,00 | 0,05 |  | Errore di replicazione (%) | 6,92 |
| Hong Kong (azioni H) | 29,39 | 11,43 |  | Beta | 0,95 |
| Hong Kong (Red Chips) | 26,46 | 30,89 |  | Sharpe Ratio | 0,43 |
| ADR americane | 3,25 | 9,70 |  | Information Ratio | -0,35 |
| Singapore S Chips | 0,00 | 0,00 |  | R-Quadro (%) | 89,01 |
| Liquidità | 4,16 | 0,00 |  | Deviazione Standard | 20,63 |
| PRIME 10 POSIZIONI % (VM) | Fondo | Bmrk |  |
| Haier Smart Home Co Ltd-H | 6,29 | 0,18 |
| Inner Mongolia Yili Indus-A | 6,15 | 0,24 |
| Alibaba Group Holding Ltd | 5,92 | 6,34 |
| Tencent Holdings Ltd | 5,77 | 7,80 |
| Jiangsu Eastern Shenghong -A | 5,64 | 0,10 |
| Yunnan Energy New Material C | 4,92 | 0,26 |
| China Merchants Bank - H | 4,85 | 0,71 |
| Cspc Pharmaceutical Group | 4,67 | 0,25 |
| China Pacific Insurance Gr-H | 4,10 | 0,18 |
| China Yongda Automobiles Ser | 4,06 | 0,00 |