CLSA US Dollar Money Market Fund
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
Semi-Annual Report (Unaudited)
For the six months ended 30 June 2024

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
CONTENTSPage(s)MANAGEMENT AND ADMINISTRATION1REPORT OF THE MANAGER TO THE SHAREHOLDERS

2

STATEMENT OF FINANCIAL POSITION (UNAUDITED)

3

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(UNAUDITED)

4STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TOSHAREHOLDERS (UNAUDITED)STATEMENT OF CASH FLOWS (UNAUDITED)NOTES TO FINANCIAL STATEMENTS

5-678-9INVESTMENT PORTFOLIO (UNAUDITED)10STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED)

11SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
MANAGEMENT AND ADMINISTRATIONREGISTERED ADDRESS18/F, One Pacific Place
88 QueenswayHong Kong

DIRECTORS OF THE COMPANY

LIU Xinguo
ZHANG Zheng

MANAGERCITIC Securities Asset Management (HK)
Limited(formerly known as “CLSA Asset ManagementLimited)
18/F, One Pacific Place
88 Queensway
Hong Kong

DIRECTORS OF THE MANAGER

LIU Xinguo
XU Jianqiang
Jeremy David COLLARD

CUSTODIAN, ADMINISTRATOR AND REGISTRARBank of Communications Trustee Limited
1/F., Far East Consortium Building
121 Des Voeux Road Central
CentralHong Kong

AUDITORS

Ernst & Young
27/F, One Taikoo Place
979 King’s Road
Quarry Bay
Hong Kong

LEGAL ADVISERS

Deacons
5/F, Alexandra House
18 Chater RoadCentralHong Kong-1-SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
REPORT OF THE MANAGER TO THE SHAREHOLDERS
Introduction
CLSA US Dollar Money Market Fund (“the Sub-Fund”) is a sub-fund of CLSA Global Public
Fund Series Open-ended Fund Company. The inception day of the Sub-Fund was on March 12023. CLSA Asset Management Limited is manager of the Sub-Fund and Bank ofCommunications Trustee Limited is custodian, administrator and registrar of the Sub-Fund.
Fund Performance
The Sub-Fund will only invest in short-term deposits and high quality money market
instruments. At least 70% of the Sub-Fund’s net asset value will be invested in fixed andfloating rate deposits and money market investments issued by governments, quasi
governments, international organizations and financial institutions. The asset allocation of theSub-Fund will change according to the Manager’s view of market conditions and theinternational investment trends and environment. The Manager will assess the yield of money
market instruments, and will take into consideration factors such as currency risk,credit/counterparty risk, liquidity, costs, timing of execution and the relative attractiveness ofindividual securities and issuers in the market. The Manager may hedge any non-USDdenominated and settled investments into USD to manage any material currency risk, suchthat the Sub-Fund’s USD exposure will be at least 70% of its net asset value. As of 30 June
2024, the Net Asset Value per share of the CLSA US Dollar Money Market Fund for USD
Class A was USD106.8949, USD Class B was USD1.0516, USD Class I was USD107.0428
and RMB Class B was RMB1.0121.

For the RMB class, performance data cannot be displayed until 6 months from the inception
date.

-2-SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF FINANCIAL POSITION (UNAUDITED)As at 30 June 2024
Note(Unaudited)(Audited)
As at 30 June As at 31 December
2024
2023
USD
USD

ASSETSTime deposits
Interest receivables
Prepayments and other receivables
Cash and cash equivalents

9,553,492
253,526
16,25040,509,468

7,938,460
332,381
3,122
44,687,249

TOTAL ASSETS

50,332,736

52,961,212

7,150
3,552
9,918
55,727

4,849
3,572
19,00058,28776,34785,70850,256,389

52,875,504

NUMBER OF SHARES IN ISSUEClass A USD (accumulation)
Class B USD (accumulation)
Class B RMB (accumulation)
Class I USD (accumulation)

83,199.2416
4,302,953.1024
1,000.0000
344,414.2339

52,065.4529
238,732.4833
452,972.4169

DEALING NET ASSET VALUE PER SHAREClass A USD (accumulation)
Class B USD (accumulation)
Class B RMB (accumulation)
Class I USD (accumulation)

USD106.8949
USD1.0516
RMB1.0121
USD107.0428

USD104.1711
USD1.0270
USD104.2893

LIABILITIESManagement fee payable
Administration and Custodian fee payable
Audit fee payable
Other payables
TOTAL LIABILITIES EXCLUDING NET ASSETSATTRIBUTABLE TO SHAREHOLDERS
NET ASSETS ATTRIBUTABLE TO
SHAREHOLDERS

2-3-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)For the period from 1 January 2024 to 30 June 2024

For the period from
1 January 2024
to30 June 2024
USD

For the period from16 February 2023
(Date of commencement) to30 June 2023
USD

INCOMEInterest income on bank deposits
Net foreign exchange losses
TOTAL INCOME

1,605,276(1)
1,605,275

391,416
391,416

EXPENSESManagement fee
Administration and custodian fee
Audit fee
Establishment costs
Bank charges
Other expenses
TOTAL OPERATING EXPENSES(37,921)(20,994)(10,488)(4,174)(1,302)(8,080)(82,959)(7,862)(4,647)(7,575)(3,346)(307)(5,383)(29,120)

1,522,316

362,296

INCREASE IN NET ASSETSATTRIBUTABLE TO SHAREHOLDERSFROM OPERATIONS-4-SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS (UNAUDITED)For the period from 1 January 2024 to 30 June 2024

As at 1 January 2024
Subscription

proceeds

fromClass A USD

Class B USD

Class B RMBClass I USD

Dealing NAV(accumulation)(accumulation)(accumulation)(accumulation)

Total

USD

USD

USD

USD

USD

5,423,715

245,190-

47,240,172

52,909,077

13,935,353

6,402,982

138

70,537,054

90,875,527(10,712,089)(2,182,944)-(82,126,099)(95,021,132)

8,646,979

4,465,228

138

35,651,127

48,763,472

246,600

59,777-1,215,939

1,522,316

8,893,579

4,525,005

138

36,867,066

50,285,788

shares issued
Redemption of shares
Increase in net assets attributable toshareholders from operations
As at 30 June 2024

Class A USD

Class B USD

Class B RMBClass I USD(accumulation)(accumulation)(accumulation)(accumulation)

shares in issue

shares in issue

shares in issue

shares in issue

As at 1 January 2024

52,065.4529

238,732.4833-452,972.4169

Subscription of shares

132,336.5379

6,165,602.3989

1,000.000

666,538.6342

Redemption of shares(101,202.7492)(2,101,381.7798)-(775,096.8172)

As at 30 June 2024

83,199.2416

4,302,953.1024

1,000.0000

344,414.2339-5-SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS (UNAUDITED) (continued)
For the period from 16 February 2023 (Date of commencement of operation) to 30 June 2023
Class A USD

Class B USD

Class B RMBClass I USD

Dealing NAV(accumulation)(accumulation)(accumulation)(accumulation)

TotalUSDUSD

USD

USD

USD

-----

2,814,431

1,000-

31,448,760

34,264,191

As at 16 February 2023 (Date ofcommencement of operation)
Subscription

proceeds

fromshares issued
Redemption of shares(151,704)--(4,636,908)(4,788,612)

2,662,727

1,000-

26,811,852

29,475,579

11,0343-

351,259362,296

2,673,761

1,003

-

27,163,111

29,837,875

Increase in net assets attributable toshareholders from operations
As at 30 June 2023

Class A USD

Class B USD

Class B RMBClass I USD(accumulation)(accumulation)(accumulation)(accumulation)

shares in issue

shares in issue

shares in issue

shares in issue----

Subscription of shares

27,847.6187

1,000.0000-

313,341.3891

Redemption of shares(1,499.5600)--(45,903.6784)

As at 30 June 2023

26,348.0587

1,000.0000-

267,437.7107

As at 16 February 2023 (Date ofcommencement of operation)-6-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)STATEMENT OF CASH FLOWS (UNAUDITED)For the period from 1 January 2024 to 30 June 2024

CASH FLOWS FROM OPERATING ACTIVITIES
Increase in net assets attributable to shareholders fromoperations
Adjustments for:
Interest income on bank deposits
Establishment costs
Working capital adjustments:
Increase in time deposit
Increase in prepayment and other receivable
Increase in management fee payable(Decrease)/Increase in administration and custodian
fee payable
Decrease in audit fee payable(Decrease)/Increase in other payables
Cash flows used in operations
Interest received
Net cash used in operations
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from subscription of shares
Payments on redemption of shares
Net cash (used in)/generated from financing activities
NET (DECREASE)/INCREASE IN CASH AND CASH
EQUIVALENTS
Cash and cash equivalents at the beginning of theperiod
CASH AND CASH EQUIVALENTS AT THE END OF
THE PERIODANALYSIS OF BALANCES OF CASH AND CASH
EQUIVALENTS
Cash at bank
Short-term deposits with original maturities of threemonths or less-7-For
the period from1 January 2024
to30 June 2024
USD

For theperiod from 16February 2023
(Date ofcommencement ofoperation) to 30
June 2023
USD

1,522,316

362,296(1,605,276)
4,174(391,416)-(1,615,032)(13,128)
2,301
(20)

(1,400,000)
2,342
1,367

(9,082)(2,560)(1,716,307)
1,684,131(32,176)

16,182(1,409,229)
252,927(1,156,302)

90,875,527(95,021,132)(4,145,605)

34,264,191(4,788,612)
29,475,579(4,177,781)

28,319,277

44,687,249-

40,509,468

28,319,277

69,573

72,63340,439,895
40,509,468

28,246,644
28,319,277

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
NOTES TO FINANCIAL STATEMENTS
For the period from 1 January 2024 to 30 June 2024
1.

BASIS OF PREPARATION AND ACCOUNTING POLICIESThe financial statements have been prepared in accordance with Hong Kong Financial ReportingStandards ("HKFRSs").
The financial statements are prepared for the Sub-Fund only. The financial statements arepresented in United States dollars (“USD”), which is same as the functional currency of the SubFund.

2.

NET ASSET VALUE PER PARTICIPATING SHARESNet asset value per participating share
The Net Asset Value of the Sub-Fund, the Net Asset Value of each Class of Shares and the Net
Asset Value per Share of each Class will be calculated in accordance with the Instrument ofIncorporation as at the Valuation Point on each Valuation Day.
The Net Asset Value of a Sub-Fund shall be calculated by valuing the assets of such Sub-Fund inaccordance with the provisions of the Instrument of Incorporation and deducting the liabilities
attributable to such Sub-Fund in accordance with the provisions of the Instrument of Incorporation.
In order to determine the Net Asset Value of a Share of a Class of a Sub-Fund, the Net Asset Value
attributable to such Class shall be divided by the number of Shares of that Class in issue
immediately prior to the relevant Dealing Day for such Class of Shares.
The Manager may, after consultation with the Custodian, arrange for a revaluation of the Net Asset
Value of a Share of any Class if the Manager considers that the Net Asset Value per Share of therelevant Class calculated in relation to any Dealing Day does not accurately reflect the true value ofsuch Share. Any revaluation will be made on a fair and equitable basis.
Shares of the Sub-Fund, which are represented by assets less liabilities, are classified as equity
and accounted for in accordance with HKFRSs (the “Accounting NAV”). For the purpose ofdetermining the net asset value per share for subscriptions and redemptions and for various fee
calculations (the “Dealing NAV”), the Custodian calculates the Dealing NAV in accordance with theprovisions of the Instrument of Incorporation, which may be different from the accounting policies
under HKFRSs.
Reconciliation between the Accounting NAV and Dealing NAV
The formation fee for establishing the Sub-Fund was USD41,966. According to the Prospectus, theestablishment costs is amortised over the first 5 financial periods of the Sub-Fund. However, withrespect to the Sub-Fund for the purpose of financial statements preparation in compliance withHKFRSs, its accounting policy is to expense the establishment costs in profit or loss as incurred. Asof 30 June 2024, the remaining amortisation period is 3.5 years.

-8-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
NOTES TO FINANCIAL STATEMENTS
For the period from 1 January 2024 to 30 June 2024
2.

NET ASSET VALUE PER PARTICIPATING SHARES (continued)
The difference between the Accounting NAV reported in the statement of financial position and theDealing NAV as at 30 June 2024 is reconciled as set out below:
For the period from1 January 2024
to30 June 2024
USD
Accounting NAV as reported in the statement of financial position
Adjustment for the establishment costs
Dealing NAV-9-

50,256,389
29,39950,285,788

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
INVESTMENT PORTFOLIO (UNAUDITED)As at 30 June 2024
Fair value
USD% of Net
AssetsTotal investments--

Other Net Assets

50,285,788

100.00Total net assets as at 30 June 2024 (Dealing NAV)

50,285,788

100.00Fair value
USD% of Net
AssetsDaily liquid asset

6,032,213

12.00

Weekly liquid asset

11,838,050

23.54

The weighted average maturity and the weighted average life of the portfolio of the Sub-Fund are 36 daysand 36 days respectively.

- 10 -

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA US DOLLAR MONEY MARKET FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED)For the period from 1 January 2024 to 30 June 2024

There are no movements in portfolio holdings during the period.

- 11 -