Overview

The actively managed fund seeks attractive total return by investing in a diversified portfolio of Chinese equities and fixed income.

Investment is approximately 50% in Chinese equity and 50% in Chinese Fixed Income.

Actively seizes promising market opportunities via selection of individual stocks and bonds as well as by allocation between the equity and fixed income asset classes.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

This share class distributes a constant percentage share of the NAV, not a constant amount.

This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.

As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.

This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.

The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.

It is possible that the distributions result in an erosion of assets and a reduction of invested capital.

This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below.

Benefits

Participate in the growth and increasing internationalization of the Chinese economy and markets via select investments in both fixed income and equities.

The portfolio is adjusted to market conditions to proactively include the most interesting opportunities.

Investors can rely on an experienced local portfolio management team with a proven track record.

Risks

Investments in China may be affected by legal uncertainties or other accompanying factors related to the political situation and economic and regulatory developments in China, and may entail additional risks and volatility. The fund may be subject to withholding and other taxes imposed in China. Tax laws, regulations and practice in China are subject to change and may be amended with retrospective effect. Investments in RMB involve the risk that Chinese government’s currency control and future movements in exchange rates may adversely affect the fund's value. The fund may use derivatives which may result in additional risks (particularly counterparty risk). Every fund has specific risks, which can significantly increase under unusual market conditions. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.The monthly 6%-mdist distributing share classes may distribute capital as well as income. It is possible that the distributions result in an erosion of assets and a reduction of invested capital. There are potential negative tax consequences for some investors in some jurisdictions. Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realised on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice.

Features

Product category
麻豆社 Asset Allocation Funds
麻豆社 Emerging Markets Allocation Funds
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
麻豆社 Europe SE, Luxembourg Branch
Representative for products established under foreign law
麻豆社 Fund Management (Switzerland) AG
Day of inception
June 8, 2015
Currency of account
USD
Currency of unit class
CNH
Close of financial year
September 30
SFDR Classification
Art.6
Issue / redemption
daily
Maturity
Open end
Ongoing costs p.a.
1.95% p.a.
Management fee
1.48% p.a.
Total expense ratio (TER)
1.95% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
Securities no.
27983630
ISIN
LU1226287958
Bloomberg Ticker
UCAOP6C LX

Performance and Prices

Percentage growth

as of May 29, 2026
Cumulative
CNH(%)
YTD 3.00
1M
3M
6M
1Y
2Y 13.49
3Y
5Y -31.58
ø p.a.5Y -7.31

Current data

Net asset value 01.06.2026 CNH 591.70
High - last 12 months 09.10.2025 CNH 635.72
Low - last 12 months 23.03.2026 CNH 551.92
Last distribution 14.05.2026 CNH 2.90
Assets of the unit class in mn 29.05.2026 CNH 86.87
Total product assets in mn 29.05.2026 CNH 5,439.88
Statistical data
Date
2 years
5 years
Sharpe Ratio 30.04.2026 0.54 -0.67
Risk Free Rate 30.04.2026 2.79% 3.57%

Structures

Top 5 Equity Holdings (in %, as of April 30, 2026)

 
 
Tencent Holdings Ltd 3.46
Alibaba Group Holding Ltd 3.23
Zhongji Innolight Co Ltd 1.80
Taiwan Semiconductor Manufacturing Co Ltd 1.48
China Mobile Ltd 1.31

Fees

Ongoing costs p.a.
1.95%
Flat fee
1.85%
Management fee p.a.
1.48%
Max. redemption commission
0.00%
Max. issuing commission
6.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
10.06.2025 13.06.2025 120 CNH 2.79 10.07.2025 15.07.2025 121 CNH 2.84 11.08.2025 14.08.2025 122 CNH 2.90 10.09.2025 15.09.2025 123 CNH 3.05 10.10.2025 15.10.2025 124 CNH 3.16 10.11.2025 13.11.2025 125 CNH 3.07 10.12.2025 15.12.2025 126 CNH 2.96 12.01.2026 15.01.2026 127 CNH 2.96 10.02.2026 13.02.2026 128 CNH 3.07 10.03.2026 13.03.2026 129 CNH 3.02 10.04.2026 15.04.2026 130 CNH 2.78 11.05.2026 14.05.2026 131 CNH 2.90

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
Hong Kong
Registered
Luxembourg
Registered
Singapore
Registered
Switzerland
Registered

Literature

Brochures
Document type
Document Language
Fact Sheet
3-pager Constant distributing share classes
Fact Sheet - 麻豆社 Asset Allocation Funds
Fact Sheet - 麻豆社 Emerging Markets Allocation Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
Tax list
Please wait for the requested content to load. If there is no response after several minutes, please reload the page or try again later.