Managed Debt Mix

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Product Summary

Quick Look:

This fund invests in bonds issued by large and established banks and companies in China. This makeup keeps the fund in a lower-risk category with relatively stable results. 

From the Fund Manager:

The fund invests in financial instruments with good liquidity, including treasury bonds, local government bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, super short-term financing bonds, subordinated bonds, SME private placements Laws and regulations such as bonds, convertible bonds (including convertible bonds with separable transactions), exchangeable bonds, asset-backed securities, bond repurchases, bank deposits, inter-bank deposit certificates, or other financial instruments allowed by the China Securities Regulatory Commission to invest in funds. The fund does not directly invest in equity assets such as stocks and warrants, but it can hold stocks formed by the conversion of convertible bonds, warrants issued by holding the stocks, and warrants generated by investment separation trading convertible bonds, etc. Assets such as stocks and warrants held for the above reasons will be sold within 10 trading days from the day when the fund can be traded.

View full prospectus (in Chinese)

Fund Facts

Fund Type

,

Risk Level*

Conservative to moderate

Minimum Investment

¥1000

Open Date

2017-2-22

Fund Custodian

Bank of Communications

Fund Advisor

Golden Eagle Asset Management Co.,Ltd

Annual Expense Ratio**

1.05%

Total Assets Invested

¥12,000,000

* 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, Managed Debt Mix FundPerformance Rank in Category (?)Return, CSI 300 Index benchmark (?)
2023-1.88%Bottom 50%-11.38%
20220.95%Bottom 50%-21.63%
20216.91%Top 5%-5.20%
202010.48%Top 0.5%27.21%
20195.43%Top 20%36.07%
20186.59%Top 50%-25.31%
Annual Average4.75%-0.04%
Open Date2017/2/22
 

NAV: ¥1.0420

(this price is updated every business day)

Returns Comparison

This chart illustrates the fund performance in comparison to the general Chinese markets over the 5 years spanning 2018/1/20-2023/1/20. The Managed Debt Mix fund is in blue & the CSI 300 Index is in red.

Over this timeframe the Managed Debt Mix fund outperformed the CSI 300 Index by 35.88%.

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Top 10 Holdings

Bond Position
Essence Securities (安信证券) Corporate Bonds
Guotai Junan Securities (国泰君安证券) Corporate Bonds
Guosen Securities (国信证券) Corporate Bonds
China Galaxy Financial Holdings (中国银河证券) Corporate Bonds
China Merchants Securities (招商证券) Corporate Bonds
Shanghai Pudong Development Bank (上海浦东发展银行) Convertible Bonds
Shanghai QiFan Cable Co. (上海起帆电缆) Convertible Bonds
Beijing Highlander Digital Technology Co., Ltd. (北京海兰信数据科技) Convertible Bonds
Jiangsu Eastern Shenghong Co., Ltd. (江苏东方盛虹) Convertible Bonds
JCHX Mining Management Co., Ltd. (金诚信矿业管理) Convertible Bonds
10 Largest Holdings: 51.28% 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 over the 5 years spanning 2018/1/20-2023/1/20. The Managed Debt Mix fund is in blue & the CSI 300 Index is in red.


Over this timeframe the Managed Debt Mix fund outperformed the CSI 300 Index by 35.88%.

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.