Interim Report For the period from 6 December 2013 (Date of inception) to 30 June 2014 (Unaudited)

Transcription

1 GFIIM Series GFIIM China RQFII Bond Fund (A sub-fund of an open-ended unit trust established as an umbrella fund under the laws of ) Interim Report For the period from 6 December 2013 (Date of inception) to 30 June 2014 (Unaudited)

2 CONTENTS Pages ADMINISTRATION AND MANAGEMENT 1 STATEMENT OF FINANCIAL POSITION (UNAUDITED) 2 NOTE TO THE FINANCIAL STATEMENTS (UNAUDITED) 3 PERFORMANCE TABLE (UNAUDITED) 4 INVESTMENT PORTFOLIO (UNAUDITED) 5-6

3 ADMINISTRATION AND MANAGEMENT MANAGER GF International Investment Management Limited Unit Two International Financial Centre 8 Finance Street Central TRUSTEE ICBC (Asia) Trustee Company Limited 33/F, ICBC Tower 3 Garden Road Central DIRECTORS OF THE MANAGER Lin Chuanhui Yu Liping Yi Yangfang Lam Din Kan Lin Yongsen AUDITORS Deloitte Touche Tohmatsu 35 th Floor, One Pacific Place, 88 Queensway LEGAL COUNSEL TO THE MANAGER Simmons & Simmons 13 th Floor, One Pacific Place 88 Queensway CUSTODIAN Industrial and Commercial Bank of China (Asia) Limited 33/F, ICBC Tower 3 Garden Road Central REGISTRAR AND TRANSFER AGENT Citi Fund Services (Asia) Limited 50/F, Citibank Tower Citibank Plaza 3 Garden Road Central PRC CUSTODIAN Industrial and Commercial Bank of China Limited 55 Fuxingmennei Street, Xicheng District Beijing China P.C:

4 STATEMENT OF FINANCIAL POSITION (UNAUDITED) As at 30 June ASSETS Financial assets at fair value through profit or loss 705,805,330 Cash and cash equivalents 451,339 Interest receivable on debt securities 18,166,958 Interest receivable on bank deposits 18 TOTAL ASSETS 724,423,645 LIABILITIES Payables and accruals 1,799,725 Tax payable 694,326 TOTAL LIABILITIES (EXCLUDING NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS) 2,494,051 NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS 721,929,594 TOTAL LIABILITIES 724,423,645 NUMBER OF UNITS IN ISSUE - Class A units 6,581, Class I units 500, NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS PER UNIT - Class A units Class I units

5 NOTES TO THE FINANCIAL STATEMENTS (UNAUDITED) 30 June 2014 NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS A reconciliation of the net assets attributable to holders of redeemable units as reported in the statement of financial position to the net assets attributable to holders of redeemable units as determined for the purposes of processing unit subscriptions and redemptions is provided below: 2014 Published net assets attributable to holders of redeemable units 722,819,265 Adjustment on establishment costs ( 889,671) Net assets attributable to holders of redeemable units (per financial statements) 721,929,594 3

6 PERFORMANCE TABLE (UNAUDITED) Published net assets attributable to holders of redeemable units (Calculated in accordance with the Sub-Fund's Trust Deed) Net assets attributable to holders of redeemable units per unit Net assets attributable to holders of redeemable units As at 30 June Class A units ,649,884 - Class I units ,169,381 Highest issue price and lowest redemption price per unit Highest issue price per unit Lowest redemption price per unit Period from 6 December 2013 (Date of inception) to 30 June Class A units Class I units

7 INVESTMENT PORTFOLIO (UNAUDITED) As at 30 June 2014 LISTED DEBT SECURITIES Holding/ Nominal value Market value Accrued Interest % of net assets China Denominated in CHINA DEVELOPMENT BANK 5.8% ,010,000 5,125, , % Total listed debt securities 5,125, , % UNLISTED DEBT SECURITIES China Denominated in AGRICULTURE DEVELOPMENT BANK CHINA 3.66% ,000,000 49,324, , % AGRICULTURE DEVELOPMENT BANK CHINA 4.75% ,000,000 70,367,010 2,286, % CHINA DEVELOPMENT BANK % ,000,000 59,524,680 1,100, % CHINA DEVELOPMENT BANK % CHINA DEVELOPMENT BANK 4.5% ,000,000 50,000,000 49,463,700 49,942,700 1,897,267 1,886, % 7.18% CHINA HUANENG GROUP CORP 6.01% ,000,000 10,226, , % CHINA NATIONAL GOLD GROUP 4.28% ,000,000 29,706, , % CHINA NORTH INDUSTRIES GROUP 4.72% ,000,000 19,982, , % CHINA SOUTH INDUSTRIES GROUP 4.48% ,000,000 29,812, , % COFCO CORP 4.6% ,000,000 29,877, , % EXPORT-IMPORT BANK CHINA % ,000,000 90,387,900 3,055, % EXPORT-IMPORT BANK CHINA 4.82% ,000,000 50,306,000 1,650, % EXPORT-IMPORT BANK CHINA % ,000,000 50,321, , % EXPORT-IMPORT BANK CHINA % ,000,000 30,393, , % EXPORT-IMPORT BANK CHINA 5.325% ,000,000 81,043,440 2,450, % Total unlisted debt securities 700,680,100 18,024, % 5

8 INVESTMENT PORTFOLIO (UNAUDITED) (continued) As at 30 June 2014 Total investments (Cost: 701,673,873) 723,972, % Other net liabilities ( 2,042,694) ( 0.28%) Total net assets 721,929, % Note: Investments are accounted for on a trade-date basis. 6