Redford Securitied Limited - 泓福證券有限公司

ETF Summary

Stock Code

03081.HK (HKD)

83081.HK (RMB)

09081.HK (USD)

Investment objective

Aims to provide investment results that, before fees and expenses, closely correspond to the morning (London time) fixing price of gold per troy ounce quoted in US dollars, published by the London Bullion Market Association (LBMA).

Launch date

29 October 2010

Listing date

3 November 2010

29 November 2013

31 March 2017

Benchmark

LBMA Gold Price

Exchange listing

The Stock Exchange of Hong Kong Limited – Main Board

Gold Type

Minimum fineness of 99.5% of gold (from the approved refiners which are included in the LBMA Good Delivery List of Acceptable Refiners: Gold)

Trading board lot size

100 units

Base currency

HKD

In-kind creation/redemption unit size (by authorized participants only)

Minimum 300,000 Units (or multiples thereof)

Management fee^*

0.40% per year of NAV

Ongoing Charges^#

0.40%

Investment manager

Sensible Asset Management Hong Kong Limited

Sub-investment manager

Value Partners Hong Kong Limited

Metal provider

Heraeus Metals Hong Kong Limited
Standard Chartered Bank

Trustee and registrar

HSBC Institutional Trust Services (Asia) Limited

Custodian

HKIA Precious Metals Depository Limited

Participating dealers

Physical gold delivery / cash settlement

泓福證券有限公司
(Redford Securities Limited)

Cash settlement

ABN AMRO Clearing Hong Kong Limited
Chief Securities Limited
Citigroup Global Markets Asia Limited
Credit Suisse Securities (Hong Kong) Limited
Goldman Sachs (Asia) Securities Limited
Haitong International Securities Company Limited
KGI Asia Limited
Mirae Asset Securities (Hong Kong) Limited
Nomura International (Hong Kong) Limited

Market makers

Flow Traders Hong Kong Limited
Merrill Lynch Far East Limited
Mirae Asset Securities Co., Ltd.
Vivienne Court Trading Pty. Ltd.

Flow Traders Hong Kong Limited
Merrill Lynch Far East Limited
Vivienne Court Trading Pty. Ltd.

Auditor

Ernst & Young

^* The management fee is a single flat fee to cover all of the Custodian’s fee, Trustee’s and Registrar’s fees and other costs and expenses. The management fee may be increased up to the maximum of 1% per year of the NAV of the Trust, on one month’s notice to Unitholders (or such shorter period as approved by the SFC). Please refer to the Prospectus for details.
^# The ongoing charges figure is an annualised figure based on the ongoing expenses for the Trust, expressed as a percentage of the sum of expenses over the average NAV of the Trust for the same period. This figure may vary from year to year. The Trust has adopted a single management fee structure with effect from 30 April 2020. From 30 April 2020 onwards, the ongoing charges of the Trust are capped at a maximum of 0.40% of the average NAV of the Trust, which is equal to the current amount of the management fee of the Trust. Any ongoing expenses exceeding 0.40% of the average NAV of the Trust will be borne by the Manager and will not be charged to the Trust. Please refer to “Ongoing fees payable by the Trust” below and the Prospectus for details.
- Source from: Sensible Asset Management Hong Kong Limited ETF Value Gold Official web site

ETF Summary

泓福證券有限公司(Redford Securities Limited)

泓福證券有限公司
(Redford Securities Limited)