Product Key Facts
CLSA Global Public Fund Series Open-ended Fund Company
CLSA Greater China High Dividend Equity FundIssuer: CITIC Securities Asset Management (HK) Limited•••

July 2024

This statement provides you with key information about this product.
This statement is a part of the offering document and must be read in conjunction with theProspectus of CLSA Global Public Fund Series Open-ended Fund Company.
You should not invest in this product based on this statement alone.

Quick facts
Manager

CITIC Securities Asset Management (HK) Limited

CustodianBank of Communications Trustee Limited

Ongoing charges over a year^Class A USD (Accumulation)
Class A USD (Distribution)
Class A HKD (Accumulation)
Class A HKD (Distribution)
Class A RMB (Accumulation)
Class A RMB (Distribution)
Class A RMB (Hedged)(Accumulation)
Class A RMB (Hedged)(Distribution)

2.39%
2.39%
2.39%
2.39%
2.39%
2.39%
2.39%
2.39%

Class I USD (Accumulation)
Class I USD (Distribution)
Class I HKD (Accumulation)
Class I HKD (Distribution)
Class I RMB (Accumulation)
Class I RMB (Distribution)
Class I RMB (Hedged)(Accumulation)
Class I RMB (Hedged)(Distribution)

1.89%
1.89%1.89%
1.89%
1.89%
1.89%
1.89%
1.89%

^ The ongoing charges figures are indicative only as the Sub-Fund is newly set up. It
represents the sum of the estimated ongoing charges of the respective share classes
over a 12-month period chargeable to the respective share classes as a percentageof the estimated average net asset value of the respective share classes over the same
period. The actual figures may be different upon actual operation of the Sub-Fund andmay vary from year to year.
Dealing frequency

Daily

Base currency

HKD
Class A USD (Accumulation), Class A HKD (Accumulation), Class A RMB(Accumulation), Class A RMB (Hedged) (Accumulation), Class I USD (Accumulation),
Class I HKD (Accumulation), Class I RMB (Accumulation), Class I RMB (Hedged)(Accumulation):
No dividend distribution (income, if any, will be reinvested)

Dividend policy

Class A USD (Distribution), Class A HKD (Distribution), Class A RMB (Distribution),
Class A RMB (Hedged) (Distribution), Class I USD (Distribution), Class I HKD(Distribution), Class I RMB (Distribution), Class I RMB (Hedged) (Distribution):
Distribution, if any, may be made monthly 1 in the respective class currency. The
Directors have discretion as to whether or not the Sub-Fund will make any distributionof dividends and amount of dividends. There is no guarantee of regular distribution
nor, where distribution is made, the amount being distributed. Dividends may be paidout of capital or effectively out of capital of the relevant share class and may result in
an immediate reduction of the net asset value per share of the Sub-Fund.
Financial year end

131 December

Prior to 29 August 2024, distribution for the distribution classes, if any, may be made quarterly.

CLSA Greater China High Dividend Equity Fund
Minimum investments

Class A USD
Class A HKDClass A RMBClass A RMB (Hedged)
Class I USD
Class I HKDClass I RMBClass I RMB (Hedged)

Minimum initialsubscription

Minimum
subsequent
subscription

USD1,000
HKD10,000
RMB10,000
RMB10,000
USD1,000,000
HKD7,000,000
RMB7,000,000
RMB7,000,000

USD1,000
HKD10,000
RMB10,000
RMB10,000
NilNilNil
Nil

What is this product?
CLSA Greater China High Dividend Equity Fund (the “Sub-Fund”) is a sub-fund of CLSA Global Public Fund Series Openended Fund Company, which is a public open-ended fund company established under Hong Kong with variable capital withlimited liability and segregated liability between sub-funds.

Investment Objective and Policy
Investment objective
The Sub-Fund aims to achieve long-term capital appreciation by investing primarily in equities and equity-related securities
of companies which are incorporated in, have their area of primary activities in or are related to the growth of Greater China
economy (comprising Mainland China, Hong Kong and Macau), which is expected to result in a portfolio of investments withoverall potential high dividend yield (i.e. expected overall portfolio dividend yield higher than the Greater China marketsaverage).
Investment policy
The Sub-Fund will invest at least 70% of its net asset value in equities and equity-related securities of companies which areincorporated in, have their area of primary activities in or are related to the growth of Greater China economy, which isexpected to result in a portfolio of investments with overall potential high dividend yield. The Sub-Fund may invest in equities
of any market capitalisation and in any sector.
The Sub-Fund may invest substantially (i.e. 30% or more of net asset value) in China A-shares and/or China B-shares.
Exposure to China A-shares may either be obtained directly via Shanghai – Hong Kong Stock Connect and Shenzhen –Hong Kong Stock Connect (collectively, the “Stock Connect”) (a joint securities trading and clearing program designed topermit mutual market access between Mainland China and Hong Kong) or the Qualified Foreign Investor Regime (“QFIRegime”); or indirectly by way of access products (e.g. participatory notes linked to China A-shares, other funds investingin China A-shares); or such other means as permitted by the relevant regulatory authorities from time to time. For theavoidance of doubt, the Sub-Fund will invest less than 70% of its net asset value solely via the QFI Regime.
The Sub-Fund may invest less than 30% of its net asset value in other collective investment schemes, including but not limit
to unlisted index funds, listed exchange-traded funds (“ETF”) (including synthetic ETF (i.e. ETF that track an index byinvesting primarily in derivative instruments)), and/or real estate investment trusts.
The Sub-Fund may hold less than 30% of its net asset value in fixed income instruments, cash, money market funds andbank deposits in adverse market conditions for the purposes of managing downside risk. Subject to the aforementioned
aggregate exposure limit on fixed income instruments, the Sub-Fund may also invest in US treasury bills, notes and bonds
and treasury inflation-protected securities.
The Sub-Fund will not invest more than 10% of its net asset value in securities issued by or guaranteed by any single
country or region that is below investment grade (including its government and a public or local authority of that country orregion).
The Sub-Fund may use derivative instruments such as currency forward contracts, swaps, financial futures and options
contracts for hedging purposes.
The Manager will not engage in securities financing transactions (including securities lending, sale and repurchase andreverse repurchase transactions) on behalf of the Sub-Fund.

CLSA Greater China High Dividend Equity Fund
Use of derivatives / investment in derivatives
The Sub-Fund’s net derivative exposure may be up to 50% of the Sub-Fund’s net asset value.

What are the key risks?
Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1.

General Investment risk•

2.

Equity market risk
•

3.

5.

7.

The Sub-Fund’s investment are concentrated in Greater China. The value of the Sub-Fund may be more
susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting
this region. Also, the value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio
of investments.

Risks of investing in Mainland China markets•Investing in emerging markets, such as Mainland China markets, involves increased risks and special
considerations not typically associated with investment in more developed markets, such as liquidity risks, currency
risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and thelikelihood of a high degree of volatility.

•High market volatility and potential settlement difficulties in the Mainland China markets may also result in significant
fluctuations in the prices of the securities traded on such markets and thereby may adversely affect the value ofthe Sub-Fund.

•Stock exchanges in the Mainland China typically have the right to suspend or limit trading in any security traded on
the relevant exchange. The government or the regulators may also implement policies that may affect the financialmarkets. All these may have a negative impact on the Sub-Fund.

Risks associated with the Stock Connect•6.

The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due
to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specificfactors.

Concentration risk•

4.

The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore yourinvestment in the Sub-Fund may suffer losses. There is no guarantee of repayment of principal.

The relevant rules and regulations on the Stock Connect are subject to change which may have potential
retrospective effect. The Stock Connect is subject to quota limitations. Where a suspension in the trading throughthe programme is effected, the Sub-Fund’s ability to invest in China A-shares or access the Mainland China market
through the programme will be adversely affected. In such event, the Sub-Fund’s ability to achieve its investment
objective could be negatively affected.

Risks associated with investments made through QFI Regime•

The Sub-Fund’s ability to make the relevant investments or to fully implement or pursue its investment objectiveand strategy is subject to the applicable laws, rules and regulations (including restrictions on investments andrepatriation of principal and profits) in Mainland China, which are subject to change and such change may havepotential retrospective effect.

•The Sub-Fund may suffer substantial losses if the approval of the QFI status is being revoked/terminated orotherwise invalidated as the Sub-Fund may be prohibited from trading of relevant securities and repatriation of theSub-Fund’s monies, or if any of the key operators or parties (including QFI custodian/brokers) is bankrupt/in default
and/or is disqualified from performing its obligations (including execution or settlement of any transaction or transferof monies or securities).

Mainland China tax risk•

There are risks and uncertainties associated with the current Mainland China tax laws, regulations and practice inrespect of capital gains realised via Stock Connects or QFI Regime or access products on the Sub-Fund’sinvestments in Mainland China (which may have retrospective effect). Any increased tax liabilities on the Sub-Fund
may adversely affect the Sub-Fund’s value.

CLSA Greater China High Dividend Equity Fund8.

•Based on professional and independent tax advice, the Sub-Fund will not make tax provision for realised andunrealised capital gains on the Sub-Fund’s investments in Mainland China.

•If it is subsequently determined that Mainland China tax is payable and that no Mainland China tax has been
provisioned for, the net asset value of the Sub-Fund may fall significantly as the Sub-Fund will have to bear the tax
liabilities.

Risk relating to small-capitalisation / mid-capitalisation companies•9.

The Sub-Fund may invest in the securities of small-capitalisation / mid-capitalisation companies. Investing in thesesecurities may expose the Sub-Fund to risks such as greater market price volatility, less publicly available
information, lower liquidity and greater vulnerability to fluctuations in the economic cycle than those of larger
capitalisation companies in general. Their prices are also more volatile to adverse economic developments thanthose of larger capitalisation companies in general.

Currency risk
•The underlying investments of the Sub-Fund may be denominated in currencies other than the base currency ofthe Sub-Fund. Also, a class of shares of the Sub-Fund may be designated in a currency other than the basecurrency of the Sub-Fund. The net asset value of the Sub-Fund may be affected unfavourably by fluctuations in theexchange rates between these currencies and the base currency and by changes in exchange rate controls.

10. Risk relating to hedging and the hedged class•

There can be no assurance that any currency hedging strategy will fully and effectively eliminate the currency
exposure of the Sub-Fund. Hedging strategies may preclude investors from benefiting from an increase in the valueof the Sub-Fund’s base currency.

11. RMB risk associated with RMB-denominated share classes•

Investors may invest in RMB-denominated share classes of the Sub-Fund. Non-RMB based investors are exposed
to foreign exchange risk and there is no guarantee that the value of RMB against the investors’ base currencies(e.g. USD or HKD) will not depreciate. Any depreciation of RMB could adversely affect the value of investor’s
investment in the RMB-denominated share classes of the Sub-Fund.

•Share classes denominated in RMB will generally be valued with reference to the offshore RMB (CNH) rather thanonshore RMB (CNY). Although CNH and CNY are the same currency, they are traded in different and separate
markets which operate independently. As such, CNH does not necessarily have the same exchange rate and may
not move in the same direction as CNY. Any divergence between CNH and CNY may adversely impact investors.

•RMB is currently not freely convertible and is subject to exchange controls and restrictions. Under exceptional
circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange
controls and restrictions applicable to RMB.

12. Risks associated with distribution of dividends out of and/or effectively out of capital•

Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of aninvestor’s original investment or from any capital gains attributable to that original investments. Any such
distributions may result in an immediate reduction of the net asset value per share.

•The distribution amount and net asset value of the hedged share class may be adversely affected by differences in
the interest rates of the reference currency of the hedged share class and the Sub-Fund’s base currency, resulting
in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital thanother non-hedged share classes.

How has the Sub-Fund performed?
Since the Sub-Fund is newly set up, there is insufficient data to provide a useful indication of past performance to investors.

Is there any guarantee?
The Sub-Fund does not have any guarantees. You may not get back the full amount of money you invest.

What are the fees and charges?
Charges which may be payable by you
You may have to pay the following fees when you deal in the shares of the Sub-Fund.
Fee

What you pay

Subscription fee

Class ACLSA Greater China High Dividend Equity Fund
(Preliminary Charge as
defined in the Prospectus)

Maximum and current: Up to 5% of the Subscription amountClass I
Maximum and current: Up to 3% of the Subscription amount

Switching fee

Classes A and I(Conversion Charge as
defined in the Prospectus)

Maximum and current: Up to 1% of the redemption price for each share switched out

Redemption fee

Class A

(Redemption Charge asdefined in the Prospectus)

Maximum: Up to 5% of the Redemption amount; Current: nil
Class I
Maximum: Up to 3% of the Redemption amount; Current: nil

Ongoing fees payable by the Sub-Fund
The following expenses will be paid out of the Sub-Fund. They affect you because they reduce the return you get on
your investments.

Management fee

Custodian fee

Annual Rate (as a % of the net asset value of the relevant share class, unlessotherwise indicated)
Class A
Maximum: 2.5%; Current: 1.5%
Class I
Maximum: 1.5%; Current: 1.0%
On the first HKD800 million of the net
0.06%
asset value of the Sub-Fund
On any portion of the Sub-Fund’s net
0.05%
asset value in excess of HKD800 million(subject to a minimum monthly fee of HKD 13,500 (or equivalent) from the 7th month
to 12th month from the launch of the Sub-Fund, and a minimum monthly fee of HKD
27,000 (or equivalent) after 12 months from the launch of the Sub-Fund)

Performance fee

NilAdministration fee

Included in the custodian fee

Other fees
You may have to pay other fees when dealing in the shares of the Sub-Fund.

Additional Information•You generally subscribe and redeem shares at the Sub-Fund’s next-determined net asset value per share attributable
to the relevant share class after the Administrator receives your request directly, or via a distributor, in good order by
16:00 (Hong Kong time), being the Sub-Fund’s dealing cut-off time on dealing day of the Sub-Fund. Before placing yourdealing orders, please check with your distributor for the distributor’s internal dealing cut-off time (which may be earlier
than the Sub-Fund’s dealing cut-off time).

•The net asset value of the Sub-Fund is calculated and the price of each shares class is available on each BusinessDay (as defined in the Prospectus) online at https://www.clsa.com/services/assets-management/.

•The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income; and (ii) capital) forthe last 12 months are available by the Manager on request and on the website at https://www.clsa.com/services/assetsmanagement/.

•Please note that the website as cited in this document has not been reviewed by the SFC.

ImportantIf you are in doubt, you should seek professional advice.
The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy orcompleteness.