Hang Seng Investment Index Funds Series

Hang Seng China Enterprises Index ETF
August 2024

IMPORTANT RISK WARNINGS / FUND INFORMATION FOR HONG KONG INVESTORS• With effect from 5 March 2018, Hang Seng H-Share Index ETF is renamed as Hang Seng China Enterprises Index ETF.
• Hang Seng China Enterprises Index ETF (the “HSCEI ETF”) is an index-tracking fund which aims to match, before expenses, as closely as practicable the performance of the Hang Seng China
Enterprises Index (the “ Index”). The HSCEI ETF invests primarily in the constituent stocks of the Index.
• The HSCEI ETF is different from a typical unit trust as it is listed on The Stock Exchange of Hong Kong Limited, and like other listed stocks, carry similar risks such as liquidity risk and risk of tradingsuspension. The market price per Unit could be significantly higher or lower than its Net Asset Value per Unit due to market demand and supply, liquidity and scale of trading spread in the secondary
market and will fluctuate during the trading day.
• The HSCEI ETF is subject to tracking error risk, passive investment risk, risk of concentration of investments in a single market/several constituent stocks of the Index and risks associated withinvestments in mainland China (an emerging market).
• The HSCEI ETF is also subject to dual counter risk, RMB currency and conversion risks, reliance on market maker risk and reliance on the same group risk.
• The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the HSCEI ETF arecharged to/paid out of the capital of the HSCEI ETF, resulting in an increase in distributable income for the payment of dividends by the HSCEI ETF and therefore, the HSCEI ETF may effectively pay
dividend out of capital. Payment of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable tothat original investment. Any distributions involving payment of dividends out of the capital of the HSCEI ETF or effectively out of the capital of the HSCEI ETF may result in an immediate reduction of theNet Asset Value per Unit of the HSCEI ETF.
• Investment involves risks and investors may lose substantial part of their investment in the HSCEI ETF.
• Investors should not only base on this material alone to make investment decisions, but should read the HSCEI ETF’s offering documents (including the full text of the risk factors stated therein) in detail.

Investment Objective

Key Facts

HSCEI ETF is an index-tracking fund that seeks to provide investment returns for investors that match
the performance of the Index as closely as practicable.

Cumulative Performance

Exchange Listing

The Stock Exchange of Hong Kong – Main Board

Launch Date

19 November 2003^

Listing Date

10 December 2003^

3M

6M

1Y

3Y

5Y

Since Launch

HKD Counter

1.45%

14.40%

3.00%-25.26%-28.57%179.81%

Tracked Index

Hang Seng China Enterprises Index

Index

1.60%

14.77%

3.68%-23.90%-26.31%223.54%

Base Currency

HKD

2023

2022

2021

2020

2019

Calendar Year PerformanceYTD
HKD Counter12.48%-11.56%-16.34%-21.81%-1.04%

13.30%

Index

12.96%-10.99%-15.87%-21.41%-0.33%

14.13%

Performance ChartIndex

HKD Counter
600600500

500400400

Fund Manager

Hang Seng Investment Management Limited

Trustee Name

HSBC Institutional Trust Services (Asia) Limited*

In-kind/Cash Creation orRedemption

Minimum 100,000 Units (or multiples thereof)
through Participating Dealers Only

Net Asset Value (NAV)HKD 65.0941 per unit

Total Asset ValueHKD 22,843.14 million

Issued Units

350,924,859

Number of Stocks held50

Management Fee

0.55% (p.a.)

Trustee Fee

0.0475% p.a.

300300^ Dates refer to HKD counter's listing date and launch date.
* With effect from 1 May 2019, the Trustee has been changed from HSBC Provident Fund Trustee(Hong Kong) Limited to HSBC Institutional Trust Services (Asia) Limited.
For all fees and charges, please refer to the “CHARGES AND EXPENSES” section in the Offering
Document for details.

200200Top Holdings

100
11/03

100

11/06

11/09

11/12

11/15

11/18

11/21

HSCEI ETF: NAV to NAV basis, total return with dividend (if any) reinvested. (Source: NAV is provided by HSBC Institutional Trust Services(Asia) Limited. The performance information of the HSCEI ETF is provided by the Manager.) Please note that the Units of the HSCEI ETF
currently available are income units only. The performance information presented is calculated based on the assumption that there were nodistributions to Unitholders, and is for reference only. To achieve comparability among funds’ performance presentations in the market forinvestors, the Manager is to change the methodology used to calculate portfolio and composite returns with effective from 1 September 2022
onward. The change is the total return with dividend reinvested at ex-dividend date instead of payment date. Performance data published prior
to 1 September 2022 is incomparable with the performance calculated by the new calculation methodology.
Index: Hang Seng China Enterprise Index, total return with dividend reinvested, net of PRC withholding tax. Source: Hang Seng Indexes
Company Limited.
The performance figures show by how much the Fund increased or decreased in value during the period being shown. Performance data has
been calculated in HKD including ongoing charges and excluding your trading costs on SEHK.
Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

www.hangsenginvestment.com *This website has not been reviewed by the SFC.

Alibaba Group Holding - W
Meituan - W
Tencent Holdings
China Construction Bank
China Mobile
Industrial & Commercial Bank of China
Xiaomi - W
CNOOC
Bank of China
BYD Company

8.76%
8.55%
8.31%
7.97%
6.25%
4.68%
4.54%
4.49%
3.95%
3.36%

Issued by Hang Seng Investment Management Limited (wholly-owned subsidiary of Hang Seng Bank)

Hang Seng China Enterprises Index ETF
August 2024

Trading Information
Counter

Board Lot Size

Trading Currency

ISIN

Bloomberg Code

Stock CodeHKD Counter

200HKD

HK2828013055

2828 HK2828

RMB Counter

200

RMB

HK0000251360

82828 HK

82828

This is an eligible ETF in Stock Connect for Southbound trading (HKD counter only). Mainland China investors should check with brokers for more information.

Industrial Breakdown

Share Class Breakdown

Information Technology

38.38%

Financials

25.29%

Consumer Discretionary

10.73%
9.72%

EnergyTelecommunications

6.79%

Other HK-listed Mainland Co.

48.56%

Properties & Construction

1.86%

H-Shares36.57%

Consumer Staples

1.84%

Red Chip Shares

14.14%

Healthcare

1.41%

Cash and Others

0.73%

Materials

1.15%

Industrials

0.80%

Conglomerates

0.76%

Cash and Others

0.73%

Utilities

0.54%

www.hangsenginvestment.com *This website has not been reviewed by the SFC.

Issued by Hang Seng Investment Management Limited (wholly-owned subsidiary of Hang Seng Bank)

Hang Seng China Enterprises Index ETF
August 2024

Volatility

List Of Participating Dealers+
ABN AMRO Clearing Hong Kong Limited
Barclays Bank PLC
BNP Paribas
BOCI Securities Limited
China Merchants Securities (HK) Co., Ltd.
Citigroup Global Markets Asia Limited
Daiwa Capital Markets Hong Kong Limited
DBS Vickers (Hong Kong) Limited
Goldman Sachs (Asia) Securities Limited
Haitong International Securities Company Limited
Hang Seng Securities Limited
HSBC Broking Securities (Hong Kong) Limited

J.P. Morgan Broking (Hong Kong) Limited
Korea Investment & Securities Asia Limited
Macquarie Markets Trading Limited
Merrill Lynch Far East LimitedMirae Asset Securities (HK) Limited
Morgan Stanley Hong Kong Securities Limited
NH Investment & Securities (H.K.) Limited
Nomura International (Hong Kong) Limited
Phillip Securities (Hong Kong) Limited
SG Securities (HK) Limited
The Hongkong and Shanghai Banking Corporation Limited
UBS Securities Hong Kong Limited

1Y3YStandard Deviation

18.26

28.70

Sharpe Ratio-0.01-0.30

HKD Counter
Source: Morningstar Asia Limited

Fund Literature

Download the offering documents here+ Please visit www.hangsenginvestment.com* for the latest list.

List Of Market Makers+Awards

HKD Counter

RMB Counter

Barclays Bank PLC
BNP Paribas Securities (Asia) Ltd.
Citadel Securities (Hong Kong) Limited
Citigroup Global Markets Asia Limited
CLSA Limited
Eclipse Options (HK) Limited
Flow Traders Hong Kong Limited
HSBC Securities Brokers (Asia) Limited
IMC Asia Pacific Ltd.
Interactive Brokers Hong Kong Limited
Jane Street Asia Trading Limited
Jump Trading Hong Kong Limited
Jump Trading Pacific Pte. Ltd.
Korea Investment & Securities Asia LimitedMirae Asset Securities (HK) Limited
Optiver Trading Hong Kong Ltd.
Phillip Securities (Hong Kong) Limited
Phillip Securities Pte Ltd.
QCTA VCC
SG Securities (HK) Ltd.
Susquehanna Hong Kong Limited
T G Securities Limited
UTR8 AP Limited
Virtu Financial Singapore PTE. Ltd.
XTX Markets Pte. Ltd.
Yue Kun Research Limited

BNP Paribas Securities (Asia) Ltd.
Flow Traders Hong Kong Limited
Jane Street Asia Trading Limited

The HKEX Securities Awards 2022
Top Performing Exchange Traded Products - Net Cash FlowBloomberg Businessweek / Chinese Edition Top Fund Awards 2022
ETFs (NAV Tracking Error 1 Year) - Equity - Greater China - Best Performer
Bloomberg Businessweek / Chinese Edition Top Fund Awards 2021
ETFs (NAV Tracking Error 1 Year) - Equity - Greater China - Best Performer
Bloomberg Businessweek / Chinese Edition Top Fund Awards 2020
ETFs (NAV Tracking Error 1 Year) - Equity - Greater China - Best Performer
BENCHMARK Fund of the Year Awards 2020
Top ESG Performance Awards - BEST-IN-CLASS - China Equity
Top Global Compact Performance Awards - BEST-IN-CLASS - China Equity
Significant Improvement Awards - ESG - BEST-IN-CLASS - China Equity
Bloomberg Businessweek / Chinese Edition Top Fund Awards 2018
ETFs (NAV Total Return 1 Year) - Equity - Greater China - Outstanding
Performer
Note:•The HKEX Securities Awards 2022 Top Performing Exchange Traded Products - Net CashFlow, Top performing primary listed Exchange Traded Products (Exchange Traded Fund &Leveraged and Inverse Product) based on net cash flow from 3 January 2022 to 30 December
2022.
•The Bloomberg Businessweek Top Fund Awards 2021 - 2022 are issued by Bloomberg
Businessweek/Chinese Edition, reflecting performance of the past one year period as at 30
September of the respective year.
•The Bloomberg Businessweek Top Fund Awards 2020 - 2021 are issued by Bloomberg
Businessweek/Chinese Edition, reflecting performance of the past one year period as at 30
September of the respective year.
•
The Bloomberg Businessweek Top Fund Awards 2019 - 2020 are issued by Bloomberg
Businessweek/Chinese Edition, reflecting performance of the past one year period as at 30
September of the respective year.
•BENCHMARK Fund of the Year Awards 2020, reflecting performance of at least 3 years period
as of the respective year.
•
The Bloomberg Businessweek Top Fund Awards 2018 - 2019 are issued by Bloomberg
Businessweek/Chinese Edition, reflecting performance of the past one year period as at 30
September of the respective year.

+ Please visit www.hangsenginvestment.com* for the latest list.

Distribution Information
Intended Frequency

Record Date

Amount / ShareHKD CounterSemi-annually (if any)

28 Jun 2024

HKD 0.65

RMB CounterSemi-annually (if any)

28 Jun 2024

HKD 0.65

With effect from 29 May 2017, the Manager intends to make declaration of distribution in June and September (instead of June and November)of each year. A positive distribution yield does not imply a positive return.
Dividend Policy: Semi-annual cash dividends (if any) at the discretion of the Manager, which are expected to be in respect of the first half andthe second half of each calendar year respectively. The Manager currently intends to make declaration of dividend in June and September of
each year. Each Unitholder will receive dividends in HKD only (whether holding HKD traded Units or RMB traded Units). There is no guaranteeof regular distribution of dividends and if dividend is paid the amount being distributed. The Manager may, at its discretion, pay dividend outof capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the HSCEIETF are charged to/paid out of the capital of the HSCEI ETF, resulting in an increase in distributable income for the payment of dividends bythe HSCEI ETF and therefore, the HSCEI ETF may effectively pay dividend out of capital. Payment of dividends out of capital or effectivelyout of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that originalinvestment. Any distributions of dividends involving payment of dividends out of capital or effectively out of capital may result in an immediate
reduction of the Net Asset Value per Unit.
For full distribution history record, please refer to our website www.hangsenginvestment.com *.

(Source: Hang Seng Investment Management Limited / HSBC Institutional Trust
Services (Asia) Limited/Morningstar Asia Limited. All information as at 30 Aug 2024.)
Please read the disclaimer in relation to the Index in the HSCEI ETF's Hong Kong Offering Document. The HSCEI ETF has been authorized by the Securities and Futures Commission in Hong Kong ("SFC").
(SFC authorisation is not a recommendation or endorsement of the HSCEI ETF nor does it guarantee the commercial merits of the HSCEI ETF or its performance. It does not mean the HSCEI ETF is suitable
for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.) Certain information contained in this factsheet is obtained and prepared from sources which Hang SengInvestment Management Limited (“HSVM”) reasonably believes to be reliable. For information sourced externally (as disclosed), HSVM has reasonable belief that such information is accurate and complete.
This factsheet is for your information and reference only, and does not constitute any offer, solicitation or recommendation to buy or sell Units in the HSCEI ETF. Investors should note that investment involves
risks and not all investment risks are predictable. Prices of fund units may go up as well as down and past performance information presented is not indicative of future performance. Before making anyinvestment decisions, investors should read the Hong Kong Offering Document of the HSCEI ETF (including the full text of the risk factors stated therein (such as the arrangement in the event that the HSCEIETF is delisted)) in detail and obtain appropriate professional advice where necessary. This factsheet has not been reviewed by the SFC.

www.hangsenginvestment.com *This website has not been reviewed by the SFC.

Issued by Hang Seng Investment Management Limited (wholly-owned subsidiary of Hang Seng Bank)