Fullgoal Asset Management (HK) Limited

Fund Description

Fullgoal International Funds SICAV - Fullgoal China Small-Mid Cap Growth Fund investment objective is to achieve capital appreciation primarily (i.e. at least two-thirds of its net asset value) through investing in small and mid cap companies whose operations are focused mainly in, or which derive a significant amount of revenue from China, Hong Kong or Macau listed in China, Hong Kong and the US.

Main Features of the Fund

Actively managed equity funds with investment in listed Chinese companies that are selected by the investment team with good quality, stable growth and reasonable stock prices.

Portfolio managers are given flexibility to seize the best investment opportunities in Chinese stocks, unrestricted by the composition and weight of benchmark index.

Investment is scattered among different industry sectors, covering a wide range of growth industries in the Chinese market, while achieving the purpose of risk diversification.

Investors of the fund will benefit from： Gaining simple investment opportunities in the rapidly growing Chinese economy, including China A-shares, Hong Kong-listed stocks and US-listed Chinese stocks. Because the fund has a large deviation from the benchmark index, it potentially earns more returns than the benchmark index. Investors will also benefit from Fullgoal Asset Management (Hong Kong) Limited's parent company — Fullgoal Fund Management Co., Ltd., as one of the earliest and largest asset managers established in Mainland China, our experienced investment research team can make full use of the professional investment research system that Fullgoal has established over the years for Chinese assets.

Possible risks of investing in the fund： Fullgoal China Small-Mid Cap Growth Fund mainly invests in equities, so it will be affected by fluctuations in stock value. For this reason, we recommend investors make investment for 3 years or more and have the corresponding risk-taking ability at the same time. Since the fund adopts an active management style, the fund performance may deviate significantly from the benchmark index. All investments will be affected by market fluctuations. The fund can use derivatives (but has not done so to date), which may lead to increased risk factors (especially counterparty risk).

Fund Information

Fund Type	Greater China Equity Fund
Morningstar Classification	EAA Fund China Equity
Launch Date	09 September 2016
Accounting Currency	USD
Domicile	Luxembourg
Legal Structure	UCITS
CE No.	BNY 661
Investment Manager	Fullgoal Asset Management (HK) Limited
Portfolio Manager	Ning Jun, Zhang Feng
Fund Manager	Lemanik Asset Management S.A.
Custodian Bank	Brown Brothers Harriman (Luxembourg) S.C.A.
ISIN	Class I (USD): LU1171460493 Class I (EUR): LU1171460659 Class A (USD): LU1171460220 Class A (EUR): LU1171460576 Class A (HKD): LU2279858448 Class PF (USD): LU2279858109
Bloomberg Ticker	Class I (USD): FULCI1U LX Class I (EUR): FULCI1E LX Class A (USD): FULCA1U LX Class A (EUR): FUCSCAE LX Class A (HKD): FULCA1H LX
Subscription/Redemption	Daily
Dividend	Cumulative
Fund size*
Net Asset Value*	Class I (USD): Class I (EUR): Class A (USD): Class A (EUR): Class A (HKD): Class PF (USD):
Minimum Investment	Class I-USD USD 250,000 Class I-EUR EUR 200,000 Class A-USD USD 1,500 Class A (EUR): EUR 1,000 Class A（HKD）HKD 10,000 Class PF（USD）USD 5,000
Management Fee	Class I: 0.90% of the net asset value of the relevant share class each year Class A: 1.80% of the net asset value of the relevant share class each year Class PF：0.60% of the net asset value of the relevant share class each year. Performance Fee for PF share class will be calculated with: 15% of the appreciation of the GAV per Share (prior to deduction of any Performance Fee) above the High Water Mark, multiplied by the Class PF Shares in issue
Subscription Fee	Class I: Up to 3% of the subscription amount Class A: up to 5% of the subscription amount
Redemption Fee	None

* As of

** Class PF (USD) will not be available for subscriptions to the public in Hong Kong.

Awards

First Prize at the 2021 Offshore China Fund Awards "Best Total Return - Greater China Equity (5 Year)" awarded by the 7th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

First Prize at the 2021 Offshore China Fund Awards "Best Total Return - Greater China Equity (3 Year)" awarded by the 7th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

First Prize at the 2021 Offshore China Fund Awards "Best Total Return - Greater China Equity (1 Year)" awarded by the 7th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

"Three-Year Golden Bull Overseas China Equity Fund Award" by the 5th Overseas Golden Bull Fund Award sponsored by China Securities Journal

First Prize at the 2020 Offshore China Fund Awards "Best Total Return - Greater China Equity (3 Year)" awarded by the 6th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

First Prize at the 2020 Offshore China Fund Awards "Best Total Return - Greater China Equity (1 Year)" awarded by the 6th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

"One Year Golden Bull Overseas China Equity Fund Award" by the 4th Overseas Golden Bull Fund Award sponsored by China Securities Journal

First Prize at the 2019 Offshore China Fund Awards "Best Total Return - Greater China Equity (3 Year)" awarded by the 5th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

First Prize at the 2019 Offshore China Fund Awards "Best Total Return - Greater China Equity (1 Year)" awarded by the 5th Offshore China Fund co-sponsored by the Hong Kong China Fund Industry Association (HKCAMA) and Bloomberg

Distribution

Historical Performance

Class I-USD

Class I-EUR

Class A-USD

Class A-HKD

Class PF-USD

3 Months

6 Months

1 Year

Since Inception

Cumulative and Annualised Performance

	Cumulative %				Annualised Return %
	1 Month	3 Months	6 Months	YTD	1 Year	3 Year	Since Inception
Class I/USD
Benchmark
Morningstar Ranking

Yearly Performance

• The Sub-Fund’s distribution policy has been amended with effect from 25 September 2021 and there was a material change in the investment objective and strategy with effect from 27 January 2020. The performance before these dates was achieved under circumstances that no longer apply.

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

• The computation basis of the performance is based on the calendar year end, NAV-To-NAV.

• These figures show by how much the Sub-Fund’s Class I1 Dist (USD) share class increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee you might have to pay.

• Where no past performance is shown there was insufficient data available in that year to provide performance.

• The benchmark of the Sub-Fund comprises 95% of the MSCI China Free SMID Index and 5% of Hong Kong Overnight Interbank Offer Rate.

• Fund launch date: September 2016

• Class I1 Dist (USD) launch date: September 2016