3175

Key Features

• Futures-based ETF
• HKD Trading
• Tracking S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index
• Convenient way to invest in commodity

Important Information

Important Information

This is a futures-based exchange traded fund which is subject to risks associated with derivatives and is different from conventional exchange traded funds.

The Index consists of only WTI Futures Contracts whose price movements may deviate significantly from the spot price of WTI crude oil. The Sub-Fund does not seek to deliver a return of the spot price of WTI crude oil.

1. Investment risk
The Sub-Fund is an investment fund. It is a derivative product and is not suitable for all investors. There is no guarantee of the repayment of principal. Therefore your investment in the Sub-Fund may suffer substantial or total losses.

2. Oil market risks
High volatility risk: Oil prices are highly volatile and may fluctuate widely and may be affected by numerous events or factors such as oil production and sale, complex interaction of supply and demand of oil, weather, crude oil inventory level and other financial market factors. Under extreme circumstances, the oil price may drop to zero or negative value within a short period of time. Investors may suffer substantial or total loss by investing in the Sub-Fund.
Single commodity/concentration risk: As the exposure of the Sub-Fund is concentrated in the crude oil market, it is more susceptible to the effects of oil price volatility than more diversified funds. Moreover, the Sub-Fund holds WTI Futures Contracts in a limited number of expiry months only (i.e. in 1M Forward Contracts, 2M Forward Contracts, 3M Forward Contracts and (during the rolling period only) 4M Forward Contracts), this may result in a larger concentration risk and price volatility of the Sub-Fund than a fund which has a more diversified holding of the WTI Futures Contracts in terms of expiry months.

3. Futures contracts risks
Rolling of Futures Contracts risk: "Rolling" means selling existing WTI Futures Contract that are about to expire and replacing them with WTI Futures Contract that will expire at a later date. If the prices of the longer-term contracts are higher than those of the expiring contracts (i.e. a contango market), the proceeds from selling the expiring contracts will not be sufficient to buy the same number of longer-term contracts. Given that the Sub-Fund (being a futures-based exchange traded fund) needs to rollover WTI Futures Contracts for the purpose of replicating the Index, a loss may incur compared to the spot price performance of WTI crude oil (i.e. a negative roll yield) and would adversely affect the NAV. Investors should note that save for the transaction cost incurred, “rolling” in itself is not a loss or return-generating event. The roll yield is typically realised over time.
Volatility risk: The price of WTI Futures Contracts can be highly volatile and is influenced by, among others, trade, fiscal, monetary and exchange control programs and political changes.
Leverage risk: Because of the low margin deposits normally required in futures trading, an extremely high degree of leverage is typical of a futures trading account. A relatively small price movement in a WTI Futures Contract may result in a proportionally high impact and substantial losses to the Sub-Fund. A futures transaction may result in losses in excess of the amount invested.
Liquidity risk: The Index is calculated with reference to WTI Futures Contracts exposing the Sub-Fund and the investor to a liquidity risk linked to WTI Futures Contracts which may affect their value.
Mandatory measures imposed by relevant parties risk: Regarding the Sub-Fund’s futures positions, relevant parties (such as clearing brokers and execution brokers) may impose certain mandatory measures under extreme market circumstances. These measures may include limiting the size and number of the Sub-Fund’s futures positions and/or mandatory liquidation of the Sub-Fund’s futures positions without advance notice to the Manager. In response to such mandatory measures, the Manager may have to take corresponding actions in the best interests of the Unitholders and in accordance with the Sub-Fund’s constitutive documents, including but not limited to implementing alternative investment and/or hedging strategies. These corresponding actions may have an adverse impact on the Sub-Fund. While the Manager will endeavour to provide advance notice to investors regarding these actions, such advance notice may not be possible in some circumstances.

4. Risk of material non-correlation with spot/current market price of the WTI crude oil risk
As the Index is based upon the price movement of WTI Futures Contracts but not on physical WTI crude oil, the performance of the Index may substantially differ from the current market or spot price performance of the WTI crude oil. Accordingly, the Sub-Fund may underperform a similar investment that is linked to the spot price of WTI crude oil. For example, during 2009, the Index underperformed the spot price of WTI crude oil by 53% points (the level of the Index only increased by 25%, while the spot price of crude oil increased by 78%).

5. Margin risk
Generally, most leveraged transactions, such as WTI Futures Contracts, involve the posting of collateral or margin. Increases in the amount of collateral or margin or similar payments may result in the need for the Sub-Fund to liquidate its investments at unfavourable prices in order to meet collateral or margin calls. This may result in substantial or total losses to Unitholders.

6. Distributions risk
Where distributions are distributed out of capital or effectively out of capital, this amounts to a return or withdrawal of an investor’s original investment or any capital gains attributable to that original investment and may result in an immediate reduction in the Net Asset Value per Unit.

7. Government intervention and restrictions risk
Governments and regulators may intervene in the financial markets, such as by the imposition of trading restrictions. This may affect the operation and market making activities of the Sub-Fund, and may create negative market sentiment which may in turn affect the performance of the Index and the Sub-Fund.

8. Passive investments risk
The Sub-Fund is not “actively managed” under normal market conditions, and therefore the Manager will not adopt any temporary defensive position when the Index moves in an unfavourable direction. When there is a decline in the Index, the Sub-Fund will also decrease in value. Under exceptional market conditions and/or extreme circumstances, the Manager may adopt a temporary defensive position for protection of the Sub-Fund in the best interests of the Sub-Fund and the Unitholders.

9. Trading risks
The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Therefore, the Units may trade at a substantial premium or discount to the NAV.
As investors will pay certain charges to buy or sell Units on the SEHK, investors may pay more or receive less than the NAV per Unit when buying or selling Units on the SEHK respectively.

10. Trading differences risk
As the NYMEX may be open when the Units are not priced, the value of any Futures Contract in the Sub-Fund’s portfolio may change when investors may not be able to buy or sell Units. Differences in trading hours between NYMEX and the SEHK may also increase the level of premium or discount of the Unit price to its Net Asset Value.

11. Reliance on market maker risk
Although the Manager will ensure that at least one market maker will maintain a market for the Units and gives not less than 3 months’ notice prior to termination of the market making arrangement, liquidity in the market for the Units may be adversely affected if there is no or only one market maker for the Units. There is no guarantee that any market making activity will be effective.

12. Tracking error risk
Due to the fees and expenses and investment strategy of the Sub-Fund, as well as market liquidity, the Sub-Fund’s return may deviate from that of the Index. There can be no assurance of exact or identical replication at any time of the performance of the Index.

13. Termination risk
The Sub-Fund may be terminated early under certain circumstances, for example, where the size of the Sub-Fund falls below HKD40 million. Any distribution received by a Unitholder on termination of the Sub-Fund may be less than the capital initially invested by the Unitholder, resulting in a loss to the Unitholder.

14. Risk related to the Rebalancing Period
The underlying index of the Sub-Fund was changed to the Index effective from 7 August 2020. During the rebalancing period (which is anticipated to take place over 5 business days from 7 August 2020), the Sub-Fund’s holdings will be rebalanced from the September 2020 WTI Futures Contracts, October 2020 WTI Futures Contracts and December 2020 WTI Futures Contracts to the constituents and weights of the Index. The tracking error and tracking difference of the Sub-Fund during such period may increase and investors should exercise caution when dealing with the Units during such period.

15. Past performance risk
As a result of a change in the underlying index, past performance of the Sub-Fund prior to 7 August 2020 is achieved under circumstances which will no longer apply from 7 August 2020. Investors should exercise caution when considering the Sub-Fund’s past performance prior to 7 August 2020.

16. New index risk
The Index is a new index having only been launched on 15 June 2020. As such, the Sub-Fund may be riskier than other ETFs tracking more established indices with a longer operating history.

Fund Objective and Investment Strategy

Investment Objective The investment objective of the Samsung S&P GSCI Crude Oil ER Futures ETF (the “Sub-fund”) is to provide investment results that, before fees and expenses, closely correspond to the performance of the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index (the “Index”)"("Excess Return"does not mean any additional return on the ETF' s performance)". There can be no assurance that the Sub-Fund will achieve its investment objective. The Index tracks the performance of multiple contract months of West Texas Intermediate crude oil (also known as Texas light sweet crude oil) Futures Contracts (the “WTI Futures Contracts”) traded on NYMEX.
Investment Strategy Full replication
Underlying Index S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index

The specific WTI Futures Contracts that are included in the Index are:

• WTI Futures Contract which is moved forward one-month from the closest expiration date (the “1M Forward Contract”) (e.g. in August 2020, this means the October 2020 WTI Futures Contract for the period prior to and during the rolling period and November 2020 WTI Futures Contract for the period after the rolling period);
• WTI Futures Contract which is moved forward two-months from the closest expiration date (the “2M Forward Contract”) (e.g. in August 2020, this means the November 2020 WTI Futures Contract for the period prior to and during the rolling period and December 2020 WTI Futures Contract for the period after the rolling period);
• WTI Futures Contract which is moved forward three-months from the closest expiration date (the “3M Forward Contract”) (e.g. in August 2020, this means the December 2020 WTI Futures Contract for the period prior to and during the rolling period and January 2021 WTI Futures Contract for the period after the rolling period);
• WTI Futures Contract which is moved forward four-months from the closest expiration date (the “4M Forward Contract”) (e.g. in August 2020, this means the January 2021 WTI Futures Contract during the rolling period) during the rolling period in a month only.
Product Base Currency HKD
Trading Currency HKD
Creation/ Redemption HKD cash only
Distribution Policy

Annually (usually in March of each year) (if any) in HKD subject to the Manager’s discretion. Distributions may be paid out of capital or effectively out of capital.

Manager Samsung Asset Management (Hong Kong) Limited
Trustee & Registrar HSBC Institutional Trust Services (Asia) Limited
Investment Advisor Samsung Asset Management Co., Ltd.
iNAV Calculation Agent ICE Data

Fund Information

Fund Inception Date 28 Apr 2016
SEHK Listing Date 29 Apr 2016
Financial Year 31 March
Asset Class Commodity
Equity Exposure Futures-Based
Domicile Hong Kong
Total NAV (HKD) 2,078,799,235 as of 2021-07-28
Outstanding Units 429,500,000 as of 2021-07-28
Management Fee 0.65% per annum of NAV
Trustee Fee 0.08% per annum of NAV, subject to a monthly minimum of HKD 11,500
Ongoing Charges Over a Year^ 1.33%
Base Currency HKD
  • ^The ongoing charges figure is an annualised figure based on expenses reported in the Sub-Fund’s audited financial report for the year ended 31 March 2020, expressed as a percentage of the Sub-Fund’s average NAV over the same period. This figure may vary from year to year.

Intra-day Estimated NAV

  • “Intra-day Estimated NAV Per Unit” calculations as shown on Samsung website (the “data”) is provided by ICE Data Indices) and updated at 15-second intervals during HKEX Exchange trading hours. This is indicative and for reference purposes only.

Market Information

Date Last Change Change(%)
Official NAV per Unit in HKD 2021-07-28 4.8400 0.0411 0.86%
Closing Price per Unit in HKD 2021-07-28 4.8100 0.0060 0.12%

Index Information

Underlying Index S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index
Index Description

The Index tracks the performance of multiple contract months of West Texas Intermediate crude oil (also known as Texas light sweet crude oil) Futures Contracts (the “WTI Futures Contracts”) traded on NYMEX. The return of the Index is calculated based on the change in price levels of all of the 1M Forward Contract, 2M Forward Contract, 3M Forward Contract and (during the rolling period only) 4M Forward Contract, each of which is subject to the respective Roll Weights of that the relevant contract month as specified in the table below.

 

Roll Weights S&P GSCI Business Days of Month
4th 5th 6th 7th 8th 9th Other
dates
Contract Roll
Weight of the
1M Forward
Contract
55% 44% 33% 22% 11% 0% 55%
Contract Roll
Weight of the
2M Forward
Contract
30% 35% 40% 45% 50% 55% 30%
Contract Roll
Weight of the
3M Forward
Contract
15% 18% 21% 24% 27% 30% 15%
Contract Roll
Weight of the
4M Forward
Contract
0% 3% 6% 9% 12% 15% 0%

 

Index Provider S&P Dow Jones Indices (S&P)
Currency USD

Trading Information

 
Exchange Hong Kong Stock Exchange- Main Board
Date of Listing / Dealing 29 Apr 2016
Primary Exchange Time Zone GMT+8
Exchange Ticker 3175
Bloomberg Ticker 3175HK
ISIN HK0000291432
Trading Board Lot 200 Unit
Trading Currency HKD

Appropriation

Leverage No
Swap Base No
Actively Managed No
Derivatives Base Yes
Securities Lending No

Participating Dealer

Participating Dealer
China Merchants Securities(HK) Co., Limited
Nomura International (HK) Limited
Morgan Stanley Hong Kong Securities Limited
ABN AMRO Clearing Hong Kong Limited
Guotai Junan Securities (Hong Kong) Ltd
CLSA Limited
CIMB Securities Limited
Canfield Securities Company Limited
Haitong International Securities Company Ltd
Deutsche Securities Asia Limited
Phillip Securities (Hong Kong) Limited
Citigroup Global Markets Asia Limited
Mirae Asset Securities (HK) Limited
Korea Investment & Securities Asia Limited

Market Maker

Market Maker
Click here for latest Market Maker list

Announcement

Date Title
2020-11-30 Announcement - Interim Report as of 30 Sept 2020
2020-07-31 Announcement - Annual Report as of 31 Mar 2020
2020-07-06 Announcement - Change of underlying index and Change of investment strategy
Show more 96.more
Literature
Date Title
Announcements
Date Title
2020-11-30 Announcement - Interim Report as of 30 Sept 2020
2020-07-31 Announcement - Annual Report as of 31 Mar 2020
2020-07-06 Announcement - Change of underlying index and Change of investment strategy
2020-05-20 Announcement - Resumption of creation
2020-05-03 Announcement - Interim Change of Investment Strategy, Suspension of Creation, Put options hedging strategy, Roll-over of WTI Futures Contracts in respect of the Index
2020-04-28 Announcement - Unscheduled roll of WTI Crude Oil contracts in respect of the Index
2020-04-21 Announcement - One-off and Interim Change of Rolling Strategy
2019-12-31 Announcement - Amended and Restated Trust Deed and Update to offering documents to comply with revised SFC Code on Unit Trusts and Mutual Funds (the “Code”) and withdrawal of waiver from compliance with certain provisions of the existing Code
2019-11-28 Announcement - Interim Report as of 30 Sept 2019
2019-07-31 Announcement - Annual Report as of 31 Mar 2019
2018-07-31 Announcement - Annual Report as of 31 Mar 2018
2017-08-01 Announcement - Annual Report as of 31 Mar 2017
2017-05-17 Announcement - Reduced Monthly Minimum of Trustee's Fee
2017-04-27 Announcement - Update of Ongoing Charges Figures, Tracking Difference and Past Performance Information
2017-04-19 Announcement - Interim Financial Report in 2016
2017-03-09 Announcement - Change of Website Addresses, Auditors and Directors
2016-08-29 Announcement - Change of Application Unit Size and Update of Ongoing Charges Figures and Tracking Difference
2016-06-01 Announcement - Reduction in Administrative Transaction Fees

Performance

Cumulative Performance
  1 Mth 3 Mth 6 Mth 1 Year Year to date Since Inception
SAMSUNG S&P GSCI Crude Oil ER Futures ETF 0.80% 14.78% 41.67% 70.72% 51.89% -60.32%
S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index9 0.84% 15.12% 42.60% 72.55% 53.08% -34.60%
Calendar Year Performance
  2020 2019 2018 2017 2016 2015 2014
SAMSUNG S&P GSCI Crude Oil ER Futures ETF -74.97% 30.12% -22.82% 1.38% - - -
S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index9 -60.99% 31.29% -22.06% -3.11% - - -
Last Update: 2021-07-28

Past Performance

1. Past performance is not indicative of future performance. Investors may not get back the full amount invested.

2. Figures show how much the Oil ETF increased or decreased in value during the period being shown. Performance is calculated since inception date on 28 Apr 2016, on NAV to NAV basis with any reinvestment of distributions.

3. Where no past performance is shown, there was insufficient data available for that period to provide performance.

4. Investment involves risks. Investors may not get back the full amount invested. Please refer to the offering documents for more information about the ETF(not just the risks)

5. Fund listing date : 29 April 2016

6. The figures used are for illustrative purpose only. Not indicative of actual return likely to be achieved.

7. Futures Rolling Strategy: The Index incorporates a methodology for the replacement (also referred to as “rolling”) of the 1M Forward Contracts with the 2M Forward Contracts, 3M Forward Contracts and 4M Forward Contracts as they approach maturity. The Index gradually reduces the weighting of the 1M Forward Contract and increases the weighting of the 2M Forward Contract, 3M Forward Contract and 4M Forward Contract over a five consecutive business day period (commencing on the 5th S&P GSCI Business Day of the month) so that on the first day of the rolling period the 1M Forward Contract represents 44%, the 2M Forward Contract represents 35%, the 3M Forward Contract represents 18% and the 4M Forward Contract represents 3% of the Index, and on the 5th day of the rolling period (i.e. the 9th S&P GSCI Business Day of the month) the 2M Forward Contract represents 55%, the 3M Forward Contract represents 30% and the 4M Forward Contract represents 15% of the Index.  Please refer to the Prospectus for more details.

For example, on 6 August 2020 (4th business day of the month), the Index will hold 55% in October 2020 contracts, 30% in November 2020 contracts and 15% in December 2020 contracts. At the end of 13 August 2020, which is the final day of rolling (9th business day of the month), the Index will hold 55% in November 2020 contracts, 30% in December 2020 contracts, and 15% in January 2021 contracts.  Please refer to the Prospectus for more details about the rolling schedule.

8. The performance of the Sub-Fund before 7 August 2020 was achieved under circumstances that no longer apply as a result of the change in underlying index of the Sub-Fund. Investors should exercise caution when considering the past performance of the Sub-Fund prior to 7 August 2020.

9. The Underlying Index is S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index starting from 7 August 2020 (and prior to 7 August 2020, S&P GSCI Crude Oil Index Excess Return).

Simulation - Samsung S&P GSCI Crude Oil ER Futures ETF vs. WTI Crude Oil Spot Price

The objective of the SAMSUNG S&P GSCI Crude Oil ER Futures ETF is to track the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index (“Excess Return” does not mean any additional return on the Sub-Fund’s performance) based on the price movement of WTI Futures Contracts, and not the WTI Spot Price. Because the ETF tracks the WTI futures index and due to the contango/backwadation effect associated with futures investment, the performance of the NAV of the ETF and the WTI spot price may deviate from each other. You can compare the historical performance of NAV of the ETF with the WTI Spot Price for any given period below by entering the start and end date below. Also available below in a separate chart is a comparison between the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index with the WTI Spot Price.

From: to:

During the period [ ~ ], cumulative return of Samsung S&P GSCI Crude Oil ER Futures ETF is [], and WTI Crude Oil Spot Price is [] respectively. The sub fund the WTI Crude Oil Spot Price by [].

※The investor is assumed to hold the ETF for the entire simulation period. The performance of the ETF is calculated based on the ETF's NAV. The performance of the ETF may not reflect the return that the investor would actually be able to obtain as it does not capture the premium / discount of the ETF, or the trading costs.

Simulation - Underlying Index vs. WTI Crude Oil Spot Price

The objective of the SAMSUNG S&P GSCI Crude Oil ER Futures ETF is to track the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index (“Excess Return” does not mean any additional return on the Sub-Fund’s performance) based on the price movement of WTI Futures Contracts, and not the WTI Spot Price. Because the ETF tracks the WTI futures index and due to the contango/backwadation effect associated with futures investment, the performance of the NAV of the ETF and the WTI spot price may deviate from each other. You can compare the historical performance of NAV of the ETF with the WTI Spot Price for any given period below by entering the start and end date below. Also available below in a separate chart is a comparison between the S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index with the WTI Spot Price.

From: to:

During the period [ ~ ], cumulative return of Underlying Index is [], and WTI Crude Oil Spot Price is [] respectively. The underlying index the WTI Crude Oil Spot Price by [].

Tracking Difference

Daily Tracking Difference (Daily TD)

Tracking Difference is the return difference between an ETF and its underlying benchmark/index over a certain period of time.

Tracking Error (TE)

Tracking error measures how consistently an ETF follow its benchmark/index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference (As of 2021-06-30)
Fund listing Date: 29 Apr 2016
Tracking Error (As of 2021-06-30)
Fund listing Date: 29 Apr 2016
Rolling 1-Year TD^ : -0.84%
TD for calendar year 2017 : -1.73%
TD for calendar year 2018 : -0.77%
TD for calendar year 2019 : -1.17%
TD for calendar year 2020 : -13.99%
Rolling 1-Year TE^ : 0.68%
^Annualized based on the number of dealing days in the past year when daily TD is calculated
^TE is measured by the standard deviation of the Daily TD.
The standard deviation is calculated based on the Daily TD over the rolling one year period

Tracking Difference Chart

Last Update: 2021-06-30

Performance is calculated on NAV to NAV basis in HKD and assumes dividend reinvestment.

Holdings Overview as of 2021-07-28

Overview of Daily Holdings
Total Net Asset Value(HKD)
(Deemed Total Net Asset Value (HKD)*)
Total Value of Futures Contract(HKD) Futures Contract Exposure**
2,078,799,234.94 (2,078,799,234.94)2,065,110,207.4099.34%

* Deemed Total Net Asset Value incorporates Creation/Redemption order amounts of above date.
** % of Futures Contract in Deemed Total Net Asset Value

Futures Contracts Holdings as of 2021-07-28
Name Code(BLOOMBERG TICKER) Quantity
WTI CRUDE 1021CLV12047
WTI CRUDE 1121CLX11117
WTI CRUDE 1221CLZ1558

Fund Holdings as of 2021-07-28
Holdings Weighting
Deposit(HKD) * 40.89%
Cash and Cash Equivalents(HKD) 59.11%

* Short term bonds, MMFs and etc.

Constituents of the index as of 2021-06-30


Rank Constituent Name Weighting
1WTI Crude Oil Futures Sep 202155%
2WTI Crude Oil Futures Oct 202130%
3WTI Crude Oil Futures Nov 202115%

2021 Rollover Schedule of S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index

Calendar Month 1st Roll Date 2nd Roll Date 3rd Roll Date 4th Roll Date 5th Roll Date Holdings of WTI Crude Oil Futures Contracts
Before Rollover After Rollover
Jan 8-Jan-21 11-Jan-21 12-Jan-21 13-Jan-21 14-Jan-21 Mar-21 Apr-21
Apr-21 May-21
May-21 Jun-21
Feb 5-Feb-21 8-Feb-21 9-Feb-21 10-Feb-21 11-Feb-21 Apr-21 May-21
May-21 Jun-21
Jun-21 Jul-21
Mar 5-Mar-21 8-Mar-21 9-Mar-21 10-Mar-21 11-Mar-21 May-21 Jun-21
Jun-21 Jul-21
Jul-21 Aug-21
Apr 8-Apr-21 9-Apr-21 12-Apr-21 13-Apr-21 14-Apr-21 Jun-21 Jul-21
Jul-21 Aug-21
Aug-21 Sep-21
May 7-May-21 10-May-21 11-May-21 12-May-21 13-May-21 Jul-21 Aug-21
Aug-21 Sep-21
Sep-21 Oct-21
June 7-Jun-21 8-Jun-21 9-Jun-21 10-Jun-21 11-Jun-21 Aug-21 Sep-21
Sep-21 Oct-21
Oct-21 Nov-21
July 8-Jul-21 9-Jul-21 12-Jul-21 13-Jul-21 14-Jul-21 Sep-21 Oct-21
Oct-21 Nov-21
Nov-21 Dec-21
Aug 6-Aug-21 9-Aug-21 10-Aug-21 11-Aug-21 12-Aug-21 Oct-21 Nov-21
Nov-21 Dec-21
Dec-21 Jan-22
Sep 8-Sep-21 9-Sep-21 10-Sep-21 13-Sep-21 14-Sep-21 Nov-21 Dec-21
Dec-21 Jan-22
Jan-22 Feb-22
Oct 7-Oct-21 8-Oct-21 11-Oct-21 12-Oct-21 13-Oct-21 Dec-21 Jan-22
Jan-22 Feb-22
Feb-22 Mar-22
Nov 5-Nov-21 8-Nov-21 9-Nov-21 10-Nov-21 11-Nov-21 Jan-22 Feb-22
Feb-22 Mar-22
Mar-22 Apr-22
Dec 7-Dec-21 8-Dec-21 9-Dec-21 10-Dec-21 13-Dec-21 Feb-22 Mar-22
Mar-22 Apr-22
Apr-22 May-22

Important Note: The rolling schedule is for your reference only. As market conditions warrant, the index provider may implement adjustments to the scheduled roll, including but not limited to, when the roll occurs, the length of the roll, the proportions of the roll, or the roll-in contract. Under exceptional circumstances, the Manager has an absolute discretion to deviate from the rolling strategy and/or rolling schedule of the index, in the best interests of the Sub-Fund and the unitholders and for the protection of the Sub-Fund.

Distribution History

Ex-Date Record Date Payable Date Dividend Per Share
       
  • Data to be shown after the first dividend pay out is made.

a) “Net Distribution Income” means (i) the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant unit class and may also include net realized gains (if any) based on unaudited management accounts. However, “net distributable income” cannot include net unrealized gains. (ii) which is not declared and paid as dividends in a period of a financial year can be carried forward as net distributable income for the next period(s) within the same financial year. “Net distributable income” that has been accrued as at the end of a financial year and is declared and paid as dividends at the next distribution date immediately after that financial year end could be treated as “net distributable income” in respect of that financial year. However, “net distributable income” which has been accrued as at the end of a financial year but is not declared and paid as dividends at the next distribution date immediately after that financial year end should be included as “capital” for the next financial year. (iii) where the fund may pay dividend out of gross income while charging / paying all or part of the fund’s fees and expenses to / out of capital, the amount of fees and expenses that has been paid out of capital has to be deducted from the gross investment income in order to come up with the “net distributable income”.

b) The composition of the latest dividends (i.e. relative amounts paid from (i) net distributable income and (ii) capital) for the last 12 months are available from the Manager on request and on www.samsungetfhk.com. The Manager may amend the above dividend policy with respect to payment of fees and/or dividends out of capital subject to the Securities and Futures Commission’s prior approval and by giving not less than one month’s prior notice to investors.

Warning :
Please note that a positive distribution yield does not imply a positive return nor guarantee of distribution. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

 Important information about Dividend out of capital / effectively out of capital

  • The Manager may in its discretion make cash distributions to Unit holders out of capital or out of gross income (while charging/paying all or part of the Product’s fees and expenses to/out of the capital of the Product) resulting in an increase in distributable income for the payment of distributions which is in effect a payment of distributions out of capital.
  • Payment of distributions 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 to that original investment. Any distributions involving payment out of or effectively out of the Product’s capital may result in an immediate reduction of the Net Asset Value per Unit.

Index Disclaimer

The S&P GSCI Crude Oil Multiple Contract 55/30/15 1M/2M/3M (USD) ER Index (the “Index”) is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by Samsung Asset Management (Hong Kong) Ltd (“SAMHK”). Standard & Poor’s® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); GSCI™ is a registered trademark of The Goldman Sachs Group, Inc. (“Goldman”); and these trademarks have been licensed for use by SPDJI.


The Index is not created, owned, endorsed, sponsored, sold or promoted by Goldman or its affiliates and Goldman bears no liability with respect to the Index or data related thereto. SAMHK’s Samsung S&P GSCI Crude Oil EXCESS RETURN Futures ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, Goldman or any of their respective affiliates, or their third party licensors. None of SPDJI, Dow Jones, S&P, Goldman nor their respective affiliates nor their third party licensors (i) make any representation regarding the advisability of investing in such product(s) or (ii) guarantee the accuracy and/or the completeness of the Index or any data related to.


Data Provider Disclaimer

iNAV calculations and delayed market price as shown on www.samsungetfhk.com (the “data”) provided by ICE Data Indices, see ICE Terms of Use, and is updated during HKEX trading hours. Powered by Factset. iNAV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose. HKEX INFORMATION SERVICES LIMITED, ITS HOLDING COMPANIES AND/OR ANY SUBSIDIARIES OF SUCH HOLDING COMPANIES ENDEAVOUR TO ENSURE THE ACCURACY AND RELIABILITY OF THE INFORMATION PROVIDED BUT DO NOT GUARANTEE ITS ACCURACY OR RELIABILITY AND ACCEPT NO LIABILITY (WHETHER IN TORT OR CONTRACT OR OTHERWISE) FOR ANY LOSS OR DAMAGE ARISING FROM ANY INACCURACIES OR OMISSIONS.


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