China Modern Manufacturing Industry

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Product Summary

Quick Look:

Modern manufacturing, machinery, transportation, and mining. Invest in the companies fueling China’s high-performing engine of growth. 

From the Fund Manager:

The fund will focus on investing in industries where market demand is stable or maintains a relatively high growth rate. According to the characteristics of the current industry cycle, the fund will belong to the transportation, construction products, electrical equipment, machinery manufacturing, aerospace and defense, environmental protection equipment, business services and supplies, construction engineering, and other industries in accordance with the China Securities Industry Classification Description.

View full prospectus (in Chinese)

Fund Facts

Fund Type

, ,

Risk Level*

Agressive

Minimum Investment

¥1000

Open Date

2018-5-14

Fund Custodian

Industrial and Commercial Bank of China (ICBC)

Fund Advisor

Chuangjin Hexin Fund Management Co., Ltd.

Annual Expense Ratio**

2.45%

Total Assets Invested

¥4,390,000,000

* More info on risk.

** Expense ratio amounts are already included in the return and daily value figures listed. More info on fees.

Performance

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Time PeriodReturn, China Modern Mfg Industry FundPerformance Rank in Category (?)Return, CSI 300 Index benchmark (?)
2023-21.55%Bottom 50%-11.38%
2022-32.37%Bottom 50%-21.63%
202122.93%Top 20%-5.20%
2020130.56%Top 0.1%27.21%
201954.74%Top 30%36.07%
Annual Average30.86%5.01%
Open Date2018/5/17
 

NAV: ¥1.6370

(this price is updated every business day)

Returns Comparison

This chart illustrates the fund performance in comparison to the general Chinese markets from 2018/5/14-2023/1/20. The China Modern Manufacturing Industry fund is in blue, the CSI 300 Index in red, and the Shanghai & Shenzhen Composite in orange.

Over this timeframe, the China Modern Manufacturing Industry fund outperformed the CSI 300 Index by 156.46% and the Shanghai & Shenzhen Composite by 160.44%.

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Top 10 Holdings

Stock Name
LONGi Green Energy Technology Co.,Ltd.
Sungrow Power Supply Co., Ltd.
Yunnan Energy New Material Co., Ltd.
Contemporary Amperex Technology Co., Limited
Beijing Oriental Yuhong Waterproof Technology Co.,Ltd.
Hangzhou First Applied Material Co., Ltd.
Tongwei Co., Ltd.
Zhejiang Huayou Cobalt
Wanhua Chemical Group Co.,Ltd.
KBC Corporation, Ltd.
10 Largest Holdings: 64.84% of total fund assets

Hypothetical Portfolio Growth

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Returns Comparison

This chart illustrates the fund performance in comparison to the general Chinese markets from 2018/5/14-2023/1/20). The China Modern Manufacturing Industry fund is in blue, the CSI 300 Index in red, and the Shanghai & Shenzhen Composite in orange.

Over this timeframe, the China Modern Manufacturing Industry fund outperformed the CSI 300 Index by 156.46% and the Shanghai & Shenzhen Composite by 160.44%.

Hypothetical Portfolio Growth

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More on Risk

Risk is a measure of how likely it is that you could lose money in an investment. Knowing the risk level you’re comfortable with and the length of time you expect to invest can help you select an appropriate fund for your investing needs.

The potential for risk in Chinese funds can be categorized in levels from 1 to 5. Knowing the risk level you’re comfortable with and the length of time you expect to invest can help you select an appropriate fund for your investing needs.

 

Conservative funds

Risk level 1

Funds are classified as conservative if their share prices are expected to remain stable or to fluctuate only slightly. Such funds may be appropriate for investors with short-term investment horizons (3 years or less). They usually contain short-term bonds (debt) & cash positions instead of stocks (equity).

 

Conservative to moderate funds

Risk level 2

Funds classified as conservative to moderate are subject to low to moderate fluctuations in share prices. In general, such funds may be appropriate for investors with medium-term investment horizons (4 to 10 years). They usually contain all types of bonds (debt) instead of stocks (equity).

 

Moderate funds

Risk level 3

Funds classified as moderate are subject to a moderate degree of fluctuation in share prices. In general, such funds may be appropriate for investors who have a relatively long-term investment horizon (more than 5 years). They usually contain a mix of bonds (debt) as well as stocks (equity).

 

Moderate to aggressive funds

Risk level 4

Funds classified as moderate to aggressive are broadly diversified but are subject to wide fluctuations in share prices because they hold virtually all of their assets in common stocks. These funds may be appropriate for investors who have a long-term investment horizon (10 years or longer).

 

Aggressive funds

Risk level 5

Funds classified as aggressive are subject to wide fluctuations in share prices. These funds may be appropriate for investors who have a long-term investment horizon (10 years or longer). The unusually high volatility associated with these funds may stem from a number of strategies, such as only choosing stocks from a specific industry/sector.

Simple Fees Breakdown

 

There are two types of fees to consider:

1. The fund expense ratio. This is the total amount that the fund company charges to manage the fund annually. This expense is already built into the share price of each fund. The expense ratio is displayed on each fund page.

2. ExpatInvest’s management fee. The annual management fee is how we are able to provide this service. ExpatInvest charges no other outside fees. No load fees, brokerage fees, or transaction fees.

 

Our Management Fee Structure

Total Account AssetsAnnual Management Fee
< ¥100,0002.0%
¥100,000 < ¥500,0001.6%
¥500,000 < ¥1,000,0001.2%
> ¥1,000,0001.0%

Performance in Category

 

This column shows the fund’s performance in relation to all other China-based funds in the same category.

 

For example, the S&P 500 RMB Index Fund ranking compares to all other funds tracking the S&P 500 Index. In 2023, the average fund on our platform had 1,727 funds in their respective category.

 

The Managed Debt Mix fund had the most in its category, with 3,114 funds.

The NASDAQ 100 RMB Index fund had the least in its category, with 276 funds.