Income Partners manages Unconstrained Long Strategies that are authorized by the Hong Kong Securities Futures Commission (“HK SFC”).
These strategies aim to generate attractive returns through dynamic portfolio management. Portfolio duration and allocations are managed independently of market benchmarks.
*SFC authorization is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Income Partners Managed Volatility High Yield Bond Fund
Key Features
Quick Facts
- Fund Aum
- RMB 208 million as of end Oct 2024
- Minimum Investment
- Class 2A (USD) : USD 1,000
Class 2B (RMB) : RMB 10,000
Class 2C (USD) : USD 1,000
Class 2D (HKD) : HKD 10,000
Class 2E (AUD) : AUD 1,000
Class 2F (AUD-H) : AUD 1,000
Class 2G (USD-H) : USD 1,000
Class 2H (SGD) : SGD 1,000
Class 2I (SGD-H) : SGD 1,000
Class 2J (EUR) : EUR 1,000
Class 2K (EUR-H) : EUR 1,000
Class 2L (HKD-H) : HKD 10,000
Class 2XG (USD-H) : USD200 - Management Fee
- Class 2 : 1.50%
- Subscription Fee
- Class 2 : Up to 5.00%
- Income Partners Managed Volatility High Yield Bond Fund (the "Fund") provides investors an opportunity to participate in high yield bond markets with a geographical focus in Greater China and countries while enjoying low volatility of returns.
- The Fund aims to achieve high yield risk-adjusted returns over the medium to long-term while managing a reduced level of volatility compared against the high yield market through actively managed porfolio .
- Predominantly invests in high yield debt instruments which are below investment grade or unrated.
- The Fund offers both dividend share classes and accumulative share classes, in USD, RMB,HKD AUD, SGD,AUD-Hedged, USD-Hedged, HKD-Hedged, EUR-Hedged and SGD-Hedged.
- The Fund aims to maintain a high level of diversity across industries and issuers with a geographical focus on Greater China (issuers who are domiciled in or derive substantial revenue from operations in Greater China) which benefit from the attractive yield and improving credit fundamental in the region.
- Actively managed on day-to-day basis, supported by the manager’s propriety fundamental credit selection, technical analysis and macro research.
Summary Terms
| Inception Date | 27 July 2011 |
| Fund AUM | RMB208 million as of end Oct 2024 |
| Share Class | Class 2 (USD/RMB/HKD/AUD/SGD/AUD-H/USD-H/SGD-H, Accumulation and Distribution) |
| Minimum Investment | Class 2A (USD) : USD 1,000 Class 2B (RMB) : RMB 10,000 Class 2C (USD) : USD 1,000 Class 2D (HKD) : HKD 10,000 Class 2E (AUD) : AUD 1,000 Class 2F (AUD-H) : AUD 1,000 Class 2G (USD-H) : USD 1,000 Class 2H (SGD) : SGD 1,000 Class 2I (SGD-H) : SGD 1,000 Class 2J (EUR) : EUR 1,000 Class 2K (EUR-H) : EUR 1,000 Class 2L (HKD-H) : HKD 10,000 Class 2XG (USD-H) : USD200 |
| Dealing Frequency | Daily |
| Dividend Frequency | Monthly for Distribution Classes only*, if any (Manager discretion). Dividend amount or dividend rate is not guaranteed. *Save for Class 2C (USD) Distribution Units which the Manager makes non-discretionary monthly distributions. |
| Investment Manager | Income Partners Asset Management (HK) Ltd |
| Trustee | Cititrust Limited |
| Custodian & Administrator | Citibank, N.A., Hong Kong Branch |
| Transfer Agent | Citicorp Financial Services Limited |
| Auditor | PricewaterhouseCoopers |
| Legal Advisors | Deacons |
| ISIN | Class 2A ACC (USD) HK0000421419 Class 2A DIS (USD) HK0000421401 Class 2B ACC (RMB) HK0000421435 Class 2B DIS (RMB) HK0000421427 Class 2C DIS (USD) HK0000421443 Class 2D ACC (HKD) HK0000421468 Class 2D Dis (HKD) HK0000421450 Class 2E ACC (AUD) HK0000421484 Class 2E DIS (AUD) HK0000421476 Class 2F ACC (AUD-H) HK0000421500 Class 2F DIS (AUD-H) HK0000421492 Class 2G ACC (USD-H) HK0000421526 Class 2G DIS (USD-H) HK0000421518 Class 2H ACC (SGD) HK0000421542 Class 2H DIS (SGD) HK0000421534 Class 2I ACC (SGD-H) HK0000421567 Class 2I DIS (SGD-H) HK0000421559 Class 2J ACC (EUR) HK0000490018 Class 2J DIS (EUR) HK0000490000 Class 2K ACC (EUR-H) HK0000490034 Class 2K DIS (EUR-H) HK0000490026 Class 2L ACC (HKD-H) HK0000490059 Class 2L DIS (HKD-H) HK0000490042 Class 2XG ACC (USD-H) HK0000706090 |
| Domicile | Hong Kong |
Fund Documents
| Product Key Facts Statement | DL |
| Explanatory Memorandum | DL |
| Notice to Unitholders - 30 Aug 2024 | DL |
| Notice to Unitholders - 30 Apr 2024 | DL |
| Notice to Unitholders - 22 Feb 2024 | DL |
| Notice to Unitholders - 13 Oct 2023 | DL |
| Notice to Unitholders - 31 Aug 2023 | DL |
| Interim Report 2024 | DL |
| Annual Report 2023 | DL |
| Interim Report 2023 | DL |
Forms
| Subscription Form | DL |
The Fund changed its name from Income Partners Renminbi High Yield Bond Fund to Income Partners Managed Volatility High Yield Bond Fund with effect from 19 July 2017 to better reflect the Fund’s strategy in managing volatility. The description of its investment policy has been amended and clarified since then.
Monthly reports and offering documents of the Fund can be downloaded at www.fundinfo.com
This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Acolin Fund Services AG, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.
Monthly reports and offering documents of the Fund can be downloaded at www.fundinfo.com
This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Acolin Fund Services AG, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.
Fund Net Asset Value
| Value Date | Share Class | ISIN Code | CCY | NAV |
| 19 Nov 2024 | 2A (Accumulation) | HK0000421419 | USD | 118.61 |
| 19 Nov 2024 | 2A (Distribution) | HK0000421401 | USD | 42.20 |
| 19 Nov 2024 | 2B (Accumulation) | HK0000421435 | RMB | 133.41 |
| 19 Nov 2024 | 2B (Distribution) | HK0000421427 | RMB | 46.73 |
| 19 Nov 2024 | 2C (Distribution)† | HK0000421443 | USD | 45.66 |
| 19 Nov 2024 | 2D (Accumulation) | HK0000421468 | HKD | 71.76 |
| 19 Nov 2024 | 2D (Distribution) | HK0000421450 | HKD | 41.42 |
| 19 Nov 2024 | 2E (Distribution) | HK0000421476 | AUD | 54.23 |
| 19 Nov 2024 | 2F (Accumulation - AUD-H) | HK0000421500 | AUD | 85.82 |
| 19 Nov 2024 | 2F (Distribution - AUD-H) | HK0000421492 | AUD | 49.65 |
| 19 Nov 2024 | 2G (Accumulation - USD-H) | HK0000421526 | USD | 91.12 |
| 19 Nov 2024 | 2G (Distribution - USD-H) | HK0000421518 | USD | 44.81 |
| 19 Nov 2024 | 2I (Accumulation - SGD-H) | HK0000421567 | SGD | 72.89 |
| 19 Nov 2024 | 2I (Distribution - SGD-H) | HK0000421559 | SGD | 49.17 |
| 19 Nov 2024 | 2K (Distribution - EUR-H) | HK0000490026 | EUR | 52.03 |
| 19 Nov 2024 | 2L (Distribution - HKD-H) | HK0000490042 | HKD | 48.45 |
MONTHLY PERFORMANCE: CLASS 2A ACCUMULATION USD(%)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
| 2024 | 1.12 | 1.16 | 0.38 | -1.15 | 3.38 | 1.72 | 2.66 | 1.82 | 1.60 | -2.01 | 11.06 | ||
| 2023 | 12.76 | -6.59 | -4.87 | -4.90 | -8.90 | -0.62 | -0.45 | -6.60 | -0.16 | -2.18 | 5.74 | 0.96 | -16.37 |
| 2022 | -2.70 | -3.24 | -3.55 | -3.34 | -4.20 | -6.85 | -5.15 | 1.31 | -10.05 | -14.66 | 21.44 | 13.72 | -20.22 |
| 2021 | 1.00 | 0.21 | -1.69 | 2.15 | 1.64 | -2.11 | -1.63 | 1.69 | -4.22 | -4.39 | -0.74 | -0.21 | -8.23 |
| 2020 | 0.53 | -0.41 | -13.76 | 3.22 | 2.17 | 4.67 | 3.68 | 3.69 | -0.73 | 1.87 | 3.97 | 2.81 | 10.75 |
| 2019 | 5.71 | 1.51 | 2.70 | 0.49 | -2.97 | 1.75 | -1.22 | -4.13 | 0.05 | 2.02 | 0.76 | 1.84 | 8.44 |
| 2018 | 3.94 | -0.71 | 0.10 | -1.59 | -1.84 | -4.41 | -1.08 | -0.30 | 0.10 | -4.03 | 0.44 | 2.64 | -6.81 |
| 2017 | 3.29 | 2.82 | 0.28 | 0.63 | 1.58 | 0.48 | 1.69 | 2.87 | 0.03 | 0.95 | -0.11 | 1.93 | 17.69 |
| 2016 | -1.02 | 0.65 | 4.16 | 0.71 | -0.19 | 0.63 | 1.75 | 0.48 | 0.45 | -1.26 | -2.00 | -1.04 | 3.23 |
| 2015 | -0.58 | 0.24 | 1.74 | 2.36 | 0.99 | 0.12 | 0.00 | -5.93 | 1.11 | 3.09 | -1.44 | -1.62 | -0.22 |
| 2014 | 0.06 | 0.26 | -1.21 | 0.00 | 1.60 | 1.91 | 1.64 | 1.86 | -0.80 | 1.48 | -0.33 | -1.44 | 5.06 |
| 2013 | 1.40 | 0.44 | 1.15 | 2.87 | -1.05 | -3.11 | 1.64 | 0.10 | 0.96 | 2.16 | 0.17 | 1.50 | 8.41 |
| 2012 | 2.70 | 3.55 | 0.16 | -0.12 | -1.69 | 0.79 | 1.61 | 1.87 | 2.07 | 3.47 | 1.90 | 1.48 | 19.17 |
| 2011 | -0.67 | -3.87 | 0.30 | -0.24 | 1.58 | -2.94 |
MONTHLY PERFORMANCE: CLASS 2B ACCUMULATION RMB(%)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
| 2024 | 2.07 | 1.46 | 1.10 | -1.35 | 3.55 | 2.15 | 1.72 | -0.19 | 0.30 | -0.10 | 11.16 | ||
| 2023 | 10.20 | -3.94 | -5.91 | -4.20 | -6.30 | 1.28 | -2.05 | -4.63 | -0.22 | -1.77 | 3.10 | 0.68 | -13.94 |
| 2022 | -2.26 | -4.34 | -2.91 | 0.75 | -3.45 | -6.38 | -4.71 | 3.80 | -7.14 | -12.30 | 17.57 | 10.99 | -13.08 |
| 2021 | 0.13 | 0.62 | -0.41 | 0.65 | 0.16 | -0.68 | -1.61 | 1.60 | -4.04 | -5.54 | -1.01 | -0.57 | -10.41 |
| 2020 | 0.85 | -0.28 | -12.34 | 2.84 | 3.29 | 3.42 | 2.25 | 1.77 | -1.23 | -0.01 | 2.10 | 1.87 | 3.51 |
| 2019 | 3.32 | 1.02 | 3.26 | 0.72 | -0.03 | 0.75 | -1.01 | -0.54 | -0.02 | 0.70 | 0.39 | 0.93 | 9.79 |
| 2018 | 0.43 | -0.28 | -0.61 | -0.89 | -0.51 | -1.04 | 2.04 | -0.12 | 0.48 | -2.72 | -0.03 | 1.64 | -1.68 |
| 2017 | 1.74 | 2.65 | 0.67 | 0.90 | -0.38 | 0.70 | 0.98 | 0.89 | 0.68 | 0.77 | -0.30 | 0.30 | 10.00 |
| 2016 | -0.49 | -0.10 | 2.76 | 1.04 | 1.33 | 1.80 | 1.68 | 0.96 | 0.18 | 0.35 | -0.31 | -0.05 | 9.50 |
| 2015 | 0.32 | 0.38 | 0.40 | 2.37 | 0.97 | 0.15 | 0.26 | -2.55 | -0.24 | 2.58 | 0.20 | 0.49 | 5.35 |
| 2014 | -0.25 | 1.59 | 0.38 | 0.69 | 1.40 | 1.30 | 1.11 | 1.40 | -0.36 | 0.57 | 0.31 | -0.43 | 7.95 |
| 2013 | 1.18 | 0.58 | 0.88 | 2.16 | -1.24 | -3.38 | 1.60 | -0.16 | 0.99 | 1.60 | 0.25 | 0.95 | 5.40 |
| 2012 | 2.21 | 3.60 | 0.43 | -0.23 | -0.91 | 0.91 | 2.03 | 1.34 | 1.26 | 2.42 | 1.60 | 1.58 | 17.41 |
| 2011 | -1.88 | -2.50 | -0.41 | -0.40 | 0.50 | -4.63 |
CUMULATIVE PERFORMANCE (%)
| As of 31 OCT 2024 | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years^ | 5 Years^ | Since Inception^ |
| 2A Acc (USD) | 11.06 | -2.01 | 1.37 | 9.43 | 18.56 | -9.77 | -5.02 | 1.48 |
| 2A Dis (USD) | 11.05 | -2.00 | 1.36 | 9.44 | 18.56 | -9.76 | -5.01 | 1.47 |
| 2B Acc (RMB) | 11.16 | -0.10 | 0.01 | 7.61 | 15.38 | -6.44 | -4.81 | 2.26 |
| 2B Dis (RMB) | 11.18 | -0.08 | 0.02 | 7.64 | 15.41 | -6.44 | -4.81 | 2.27 |
| 2C Dis (USD)† | 11.05 | -2.00 | 1.37 | 9.44 | 18.58 | -9.76 | -5.01 | 1.60 |
| 2D Acc (HKD) | 10.51 | -1.92 | 0.85 | 8.77 | 17.83 | -9.78 | -5.17 | -4.51 |
| 2D Dis (HKD) | 10.54 | -1.91 | 0.87 | 8.77 | 17.84 | -9.77 | -5.16 | -4.48 |
| 2E Dis (AUD) | 15.10 | 3.25 | 0.36 | 8.89 | 15.16 | -5.52 | -4.08 | -2.14 |
| 2F Acc (AUD-H) | 12.55 | 0.16 | 0.66 | 8.62 | 16.96 | -6.60 | -5.99 | -1.59 |
| 2F Dis (AUD-H) | 12.56 | 0.14 | 0.62 | 8.61 | 17.01 | -6.61 | -6.00 | -5.61 |
| 2G Acc (USD-H) | 13.52 | 0.17 | 0.89 | 9.20 | 18.32 | -5.47 | -5.11 | -0.94 |
| 2G Dis (USD-H) | 13.53 | 0.20 | 0.93 | 9.22 | 18.35 | -5.44 | -5.08 | -1.07 |
| 2I Acc (SGD-H) | 11.83 | 0.01 | 0.40 | 8.19 | 16.19 | -6.50 | -5.80 | -5.44 |
| 2I Dis (SGD-H) | 11.87 | 0.02 | 0.38 | 8.20 | 16.24 | -6.46 | -5.78 | -5.44 |
| 2K Dis (EUR-H) | 12.29 | 0.06 | 0.49 | 8.36 | 16.54 | -6.70 | -6.34 | -6.16 |
| 2L Dis (HKD-H) | 12.46 | 0.12 | 0.57 | 8.57 | 17.07 | -6.22 | -5.52 | -5.05 |
CALENDAR YEAR PERFORMANCE (%)
| Share Class | 2011# | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Inception Date |
| 2A Acc (USD) | -2.94 | 19.17 | 8.41 | 5.06 | -0.22 | 3.23 | 17.67 | -6.81 | 8.44 | 10.75 | -8.23 | -20.22 | -16.37 | 27 Jul 2011 |
| 2A Dis (USD) | -3.20 | 19.23 | 8.45 | 5.06 | -0.21 | 3.23 | 17.69 | -6.85 | 8.45 | 10.76 | -8.24 | -20.21 | -16.34 | 3 Aug 2011 |
| 2B Acc (RMB) | 4.63 | 17.41 | 5.40 | 7.95 | 5.35 | 9.50 | 10.00 | -1.68 | 9.79 | 3.51 | -10.41 | -13.08 | -13.94 | 27 Jul 2011 |
| 2B Dis (RMB) | -4.64 | 17.51 | 5.43 | 7.95 | 5.35 | 9.49 | 10.01 | -1.69 | 9.80 | 3.51 | -10.41 | -13.08 | -13.94 | 27 Jul 2011 |
| 2C Dis (USD)† | -1.60 | 19.24 | 8.44 | 5.06 | -0.22 | 3.22 | 17.69 | -6.85 | 8.44 | 10.76 | -8.23 | -20.22 | -16.35 | 10 Aug 2011 |
| 2D Acc (HKD) | -9.43 | 7.83 | 10.25 | -7.69 | -20.23 | -16.20 | 21 Feb 2018 | |||||||
| 2D Dis (HKD) | -9.42 | 7.81 | 10.28 | -7.71 | -20.23 | -16.19 | 9 Feb 2018 | |||||||
| 2E Dis (AUD) | -1.04 | 9.16 | 0.38 | -2.26 | -14.74 | -16.46 | 4 May 2018 | |||||||
| 2F Acc (AUD-H) | 1.51# | 6.31 | 6.38 | -3.75 | 7.66 | 0.76 | -13.35 | -14.59 | -13.40 | 13 Oct 2015 | ||||
| 2F Dis (AUD-H) | 0.15 | 0.76 | -13.35 | -14.62 | -13.40 | 2 May 2019 | ||||||||
| 2G Acc (USD-H) | 1.29# | 6.86 | 5.96 | -3.46 | 8.95 | 1.58 | -13.12 | -13.70 | -11.98 | 13 Oct 2015 | ||||
| 2G Dis (USD-H) | 0.64# | 6.55 | 5.53 | -3.57 | 9.18 | 1.61 | -13.10 | -13.69 | -11.94 | 19 Oct 2015 | ||||
| 2I Acc (SGD-H) | 0.11 | 1.23 | -13.06 | -14.03 | -13.26 | 30 Apr 2019 | ||||||||
| 2I Dis (SGD-H) | -0.04 | 1.20 | -13.10 | -14.03 | -13.18 | 24 Apr 2019 | ||||||||
| 2K Dis (EUR-H) | -1.41 | 0.02 | -13.84 | -15.73 | -12.24 | 7 May 2019 | ||||||||
| 2L Acc (HKD-H) | 0.50 | 1.77 | -13.29 | -14.33 | -12.65 | 7 May 2019 | ||||||||
| 2L Dis (HKD-H) | 0.90 | 1.75 | -13.24 | -14.29 | -12.64 | 17 Apr 2019 |
DIVIDEND DISTRIBUTION**
| Dividend Class |
Dividend Rate per Unit |
Annualized Dividend Yield* |
Record Date |
Ex-Dividend Date |
Dividend Payment/ Reinvestment Date |
Historical Dividend payment |
| Class 2A (USD) | $0.30 | 8.4% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2B (RMB) | ¥0.31 | 8.1% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2C (USD)† | $0.26 | 7.0%† | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2D (HKD) | $0.29 | 8.3% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2E (AUD) | $0.30 | 6.9% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2F (AUD-H) | $0.27 | 6.6% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2G (USD-H) | $0.29 | 7.9% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2I (SGD-H) | $0.27 | 6.7% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2K (EUR-H) | €0.22 | 5.1% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
| Class 2L (HKD-H) | $0.32 | 8.1% | 31 Oct 2024 | 1 Nov 2024 | 5 Nov 2024 | DL |
Source: Income Partners Asset Management (HK) Ltd.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2L Acc was fully redeemed on 12 March 2024, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2E Acc was fully redeemed on 31 July 2023, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2K Acc was fully redeemed on 26 June 2023, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2XB was fully redeemed on 31 Oct 2022, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2XG was fully redeemed on 8 March 2022, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
* Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2J Dis was fully redeemed on 8 January 2021, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
The Fund changed its name from Income Partners Renminbi High Yield Bond Fund to Income Partners Managed Volatility High Yield Bond Fund with effect from 19 July 2017 to better reflect the Fund’s strategy in managing volatility. The description of its investment policy has been amended and clarified since then.
For Distribution classes, fund performance is calculated on NAV to NAV basis in denominated currency with dividends re-invested.
YTD stands for year-to-date.
H=Hedged share classes.
^ 3 years, 5 years and since inception performance figures are annualized.
# These calendar performance figures are calculated from share class launch date to calendar year-end.
* Annualized Dividend Yield: [(1 + distribution per unit / ex-dividend NAV) ^ distribution frequency] – 1. Yield figures are estimates and are based on the latest dividend distribution and the ex-dividend NAV of the previous month. Yield figures are for reference only. Positive dividend yield does not imply positive return. Dividend rate is not guaranteed and distributions may be paid from capital. Please note that the Annualized Dividend Yield of the Fund is calculated based on the latest available month end's NAV per share. (Please refer to Important Information 6)
† After SFC authorization, Class 2C (USD) Distribution Units pay out non-discretionary monthly distributions paid at a fixed percentage of 7% per annum. The 7% annualized yield is calculated as follows: (total dividend paid or to be paid over the current calendar year / last available net asset value of the Fund) in the prior calendar year) x 100%. A positive dividend yield does not imply positive return.
SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document of the Fund for further details including the risk factors.
This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Acolin Fund Services AG, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2L Acc was fully redeemed on 12 March 2024, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2E Acc was fully redeemed on 31 July 2023, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2K Acc was fully redeemed on 26 June 2023, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2XB was fully redeemed on 31 Oct 2022, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
^Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2XG was fully redeemed on 8 March 2022, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
* Please note that Income Partners Managed Volatility High Yield Bond Fund – Class 2J Dis was fully redeemed on 8 January 2021, hence there will be no NAV or returns figures available until new subscription comes in for such share class.
The Fund changed its name from Income Partners Renminbi High Yield Bond Fund to Income Partners Managed Volatility High Yield Bond Fund with effect from 19 July 2017 to better reflect the Fund’s strategy in managing volatility. The description of its investment policy has been amended and clarified since then.
For Distribution classes, fund performance is calculated on NAV to NAV basis in denominated currency with dividends re-invested.
YTD stands for year-to-date.
H=Hedged share classes.
^ 3 years, 5 years and since inception performance figures are annualized.
# These calendar performance figures are calculated from share class launch date to calendar year-end.
* Annualized Dividend Yield: [(1 + distribution per unit / ex-dividend NAV) ^ distribution frequency] – 1. Yield figures are estimates and are based on the latest dividend distribution and the ex-dividend NAV of the previous month. Yield figures are for reference only. Positive dividend yield does not imply positive return. Dividend rate is not guaranteed and distributions may be paid from capital. Please note that the Annualized Dividend Yield of the Fund is calculated based on the latest available month end's NAV per share. (Please refer to Important Information 6)
† After SFC authorization, Class 2C (USD) Distribution Units pay out non-discretionary monthly distributions paid at a fixed percentage of 7% per annum. The 7% annualized yield is calculated as follows: (total dividend paid or to be paid over the current calendar year / last available net asset value of the Fund) in the prior calendar year) x 100%. A positive dividend yield does not imply positive return.
SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document of the Fund for further details including the risk factors.
This webpage is issued by Income Partners Asset Management (HK) Ltd. and has not been reviewed by Hong Kong Securities and Futures Commission. This webpage only provides a summary and may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the Fund as set out in its constitutive and offering documents (“Fund Documents”), and should be read together with such Fund Documents. This page is for informational purpose only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. The representative of the Fund in Switzerland is Acolin Fund Services AG, 6 Cours de Rive, 1204 Geneva. The distribution of units/shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for units/shares in the Fund distributed in Switzerland are at the registered office of the Representative.