1/44 09/01/2017 14:57:27

Fund Price Calculation Dealing Date: 06 January 2017 Portfolio: BOCHK All Weather China High Yield Bond Fund

CCY MARKET VALUE IN Ex.Rate MARKET VALUE IN % OF NAV ORIG. CURRENCY BASE CURRENCY TOTAL ASSET VALUE PER FAMEX REPORT Breakdown -Investments (Market value) 1,757,451,745.51 97.01% -Deposits 0.00 0.00% -Bank Balance 51,409,862.80 2.84% -Cash Accrual (Dividend receivable & unsettle) (8,014,703.10) -0.44% -Other liquidity 0.00 0.00% -Unrealised/realised P&L on FX 13,770,648.78 0.76% -Unrealised/realised P&L on Futures 0.00 0.00% Reversal of Fee Accrual Account 0.00 0.00% Accrued interest-Deposit 0.00 0.00% Accrued Interest-Bonds (Settle mode) 34,915,834.33 1.93%

TOTAL FAMEX AMOUNT 1,849,533,388.32 102.10%

LIQUIDITY

Deposit in transit 0020-0000-01 CNY 0.00 1.0000000000 0.00 0.00% Subscription in transit 0020-0000-02 AUD 0.00 5.0010389811 0.00 0.00% Subscription in transit 0020-0000-02 CNY 2,920.00 1.0000000000 2,920.00 0.00% Subscription in transit 0020-0000-02 HKD 399,016.01 0.8831955849 352,409.18 0.02% Subscription in transit 0020-0000-02 USD 97,560.98 6.8498000015 668,273.20 0.04% Redemption in transit 0020-0000-03 CNY 0.00 1.0000000000 0.00 0.00% Switching in transit 0020-0000-04 CNY 0.00 1.0000000000 0.00 0.00%

Prov for CD/bond int (unsettled trade) 3010-2000-01 CNY 0.001.0000000000 0.00 0.00% Prov for CD/bond int (unsettled trade) 3010-2000-01 USD (21,587.33) 6.8498000015 (147,868.89) (0.01%) Other account receivable 3010-2000-99 CNY 0.00 1.0000000000 0.00 0.00% Management fee rebate receivable 3010-3000-01 CNY 0.00 1.0000000000 0.00 0.00% Management fee rebate receivable 3010-3000-01 USD 2,892.45 6.8498000015 19,812.70 0.00% Trustee fee rebate receivable 3010-3000-02 CNY 0.00 1.0000000000 0.00 0.00% Preliminary expenses 3020-0000-01 CNY 0.00 1.0000000000 0.00 0.00% Prepay expenses 3020-0000-02 CNY 0.00 1.0000000000 0.00 0.00% Prepay licence fee 3020-0000-03 CNY 0.00 1.0000000000 0.00 0.00% Prepay publication fee 3020-0000-04 HKD 0.00 0.8831955849 0.00 0.00%

Subscription pending for units issuance 4010-1000-01 AUD 0.00 5.0010389811 0.00 0.00% Subscription pending for units issuance 4010-1000-01 CNY 0.00 1.0000000000 0.00 0.00% Subscription pending for units issuance 4010-1000-01 HKD 0.00 0.8831955849 0.00 0.00% Subscription pending for units issuance 4010-1000-01 USD 0.00 6.8498000015 0.00 0.00% Redemption payable to unitholders 4010-2000-01 AUD (919,914.25) 5.0010389811 (4,600,527.02) (0.25%) Redemption payable to unitholders 4010-2000-01 CNY (6,764,767.68) 1.0000000000 (6,764,767.68) (0.37%) Redemption payable to unitholders 4010-2000-01 HKD (785,856.13) 0.8831955849 (694,064.66) (0.04%) Redemption payable to unitholders 4010-2000-01 USD (230,115.96) 6.8498000015 (1,576,248.30) (0.09%) Dividend payable to unitholders 4010-2010-01 AUD (64,937.75) 5.0010389811 (324,756.22) (0.02%) Dividend payable to unitholders 4010-2010-01 CNY (15,831,974.00) 1.0000000000 (15,831,974.00) (0.87%) Dividend payable to unitholders 4010-2010-01 HKD (4,442,341.97) 0.8831955849 (3,923,456.81) (0.22%) Dividend payable to unitholders 4010-2010-01 USD (414,920.68) 6.8498000015 (2,842,123.67) (0.16%) Other account payable 4010-4000-01 CNY 0.00 1.0000000000 0.00 0.00%

Investment management fee payable 4010-3000-01 CNY (1,976,116.23) 1.0000000000 (1,976,116.23) (0.11%) Trustee fee payable 4010-3000-02 CNY (193,327.88) 1.0000000000 (193,327.88) (0.01%) Investment handling fee payable 4010-3000-03 CNY (6,320.00) 1.0000000000 (6,320.00) 0.00% Custodian fee payable 4010-3000-04 CNY 0.00 1.0000000000 0.00 0.00% Guarantor fee payable 4010-3000-05 CNY 0.00 1.0000000000 0.00 0.00% Audit fee payable 4010-3000-06 CNY (63,590.82) 1.0000000000 (63,590.82) 0.00% Audit fee payable 4010-3000-06 USD 0.00 6.8498000015 0.00 0.00% FEL / Secondary commission payable 4010-3000-07 AUD (193.55) 5.0010389811 (967.95) 0.00% FEL / Secondary commission payable 4010-3000-07 CNY 0.00 1.0000000000 0.00 0.00% FEL / Secondary commission payable 4010-3000-07 HKD (1,455.99) 0.8831955849 (1,285.92) 0.00% FEL / Secondary commission payable 4010-3000-07 USD 0.00 6.8498000015 0.00 0.00% Service fee Payable 4010-3000-08 CNY 0.00 1.0000000000 0.00 0.00% Registrar fee payable 4010-3000-09 CNY 0.00 1.0000000000 0.00 0.00% Administrator fee payable 4010-3000-17 CNY 0.00 1.0000000000 0.00 0.00% Director fee payable 4010-3000-19 CNY 0.00 1.0000000000 0.00 0.00% Other fee payable 4010-3000-99 CNY 0.00 1.0000000000 0.00 0.00% Out of pocket expenses payable 4010-4000-03 CNY 0.00 1.0000000000 0.00 0.00% Withholding tax payable 4010-5000-01 CNY 0.00 1.0000000000 0.00 0.00%

LIQUIDITY SUBTOTAL (37,903,980.97) -2.09%

GROSS ASSET VALUEBEFORE MANAGEMENT FEE, SERVICE FEE AND TRUSTEE FEE FOR THE DEALING DAY 1,811,629,407.35 100.00% Add back: Realized G/L due to FX Fwd (class level) 0.00 Add back: Reversed Unrealized G/L on FX Fwd (class level) of previous valuation day (1,178,295.38) Add back: Unrealized G/L on FX Fwd (class level) as of valuation day 795,994.25 GAV before fees (excluded class level FX Fwd) 1,811,247,106.22

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09/01/2017 14:57:27 1/44 Fund Price Calculation Dealing Date: 06 January 2017 Portfolio: BOCHK All Weather China High Yield Bond Fund

INCOME/EXPENSES INCOME Deposit interest 7000-0000-01 AUD 0.00 0.00 Deposit interest 7000-0000-01 CNY 55,317.09 55,317.09 Deposit interest 7000-0000-01 HKD 453.10 396.64 Deposit interest 7000-0000-01 USD 467.94 3,190.26 Interest on interest bearing securities 7000-0000-02 CNY 34,913,334.63 34,913,334.63 Interest on interest bearing securities 7000-0000-02 USD 3,008,478.53 20,855,573.68 Dividend 7000-0000-03 USD 33,476.97 228,417.95 Amortization income 7000-1000-03 CNY 0.00 0.00 Management fee rebate 7010-1000-01 CNY 0.00 0.00 Management fee rebate 7010-1000-01 USD 5,615.11 37,978.48 Trustee fee rebate 7010-1000-02 CNY 0.00 0.00 Sundry income 7010-0000-01 CNY 0.00 0.00

56,094,208.73 Administrative Expenses Investment management fee 8000-0000-01 CNY (9,032,510.29) (9,032,510.29) Trustee fee 8000-0000-02 CNY (874,298.74) (874,298.74) Service fee 8000-0000-06 CNY 0.00 0.00 Custodian fee 8000-0000-04 CNY 0.00 0.00 Custodian fee 8000-0000-04 HKD (231,288.52) (202,629.31) Registrar fee 8000-0000-07 CNY 0.00 0.00 Director fee 8000-0000-15 CNY 0.00 0.00 Audit fee 8000-1000-01 CNY (63,590.82) (63,590.82) Fund set up fee 8000-1000-02 CNY 0.00 0.00 Legal & professional fee 8000-1000-03 HKD (13,090.00) (11,289.76) Legal & professional fee 8000-1000-03 USD (1,000.00) (6,905.40) Accounting fee 8000-1000-04 CNY 0.00 0.00 License fee 8000-1000-05 HKD 0.00 0.00 Bank charges 8000-2000-03 AUD (20.00) (103.42) Bank charges 8000-2000-03 CNY (1,019.06) (1,019.06) Bank charges 8000-2000-03 HKD (4,600.00) (4,019.66) Bank charges 8000-2000-03 USD (323.44) (2,179.87) Printing 8000-2000-04 CNY 0.00 0.00 Printing 8000-2000-04 HKD (41,700.00) (36,440.92) Postage 8000-2000-05 CNY 0.00 0.00 Publishing charges 8000-2000-06 CNY 0.00 0.00 Publishing charges 8000-2000-06 HKD (34,060.24) (29,739.92) Sundry expenses 8000-2000-99 CNY 0.00 0.00 Sundry expenses 8000-2000-99 USD (350.00) (2,416.89) Bank loan interest 8100-0000-01 CNY 0.00 0.00 Investment handling fee 8100-1000-01 CNY (77,505.00) (77,505.00) Broker commission 8100-1000-03 CNY 0.00 0.00 Other investment expenses 8100-1000-99 CNY 0.00 0.00 Withholding tax 8100-2000-01 USD (5,005.00) (33,410.88) Withholding tax - Dividend 8100-2100-11 CNY 0.00 0.00

(10,378,059.94)

Income Equal. Subscription - Class A 6000-4100-01 CNY 0.00 0.00 Income equalization redemption - Class A 6000-4200-01 CNY 0.00 0.00 Income Equal. Subscription - Class B 6000-4100-02 CNY 0.00 0.00 Income equalization redemption - Class B 6000-4200-02 CNY 0.00 0.00 Income Equal. Subscription - Class C 6000-4100-03 CNY 0.00 0.00 Income equalization redemption - Class C 6000-4200-03 CNY 0.00 0.00 Income Equal. Subscription - Class D 6000-4100-04 CNY 0.00 0.00 Income equalization redemption - Class D 6000-4200-04 CNY 0.00 0.00 6000-4100-05 CNY 0.00 0.00 6000-4200-05 CNY 0.00 0.00 Dividend payment to unitholders 8600-0000-01 AUD (92,036.95) (465,204.68) Dividend payment to unitholders 8600-0000-01 CNY (26,384,735.67) (26,384,735.67) Dividend payment to unitholders 8600-0000-01 HKD (7,597,563.41) (6,711,829.35) Dividend payment to unitholders 8600-0000-01 USD (690,396.07) (4,733,877.34) Undistributed Income - Opening Balance 6000-4000-01 CNY 0.00 0.00

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09/01/2017 14:57:27 2/44 Fund Price Calculation Dealing Date: 06 January 2017 Portfolio: BOCHK All Weather China High Yield Bond Fund

UNITS Class A1/A1 類 Class A2/A2 類 Class A3/A3 類 Class A4/A4 類 Class X1/X1 類 Class A8/A8 類 Total No of units (Actual from UT-Pro) 104,880,706.2200 2,427,941.7290 31,787,187.9720 320,334.6950 21,706,053.7940 660,299.6930 161,782,524.1030

Last NAV per unit (in 9 dec.) 10.333714420 63.976448041 8.241549827 53.213364072 11.068955737 66.774140072 (in fund currency) (in class currency) CNY 10.333714420 USD 9.426044319 HKD 9.416242671 AUD 10.685910910 CNY 11.068955737 USD 9.838245526

Equivalent no of units (in 4 dec.) 104,880,706.2200 15,031,486.4103 25,351,551.5219 1,649,560.4637 23,250,434.3458 4,266,708.2133 174,430,447.1750

The following section is in fund currency: - Gross NAV before fees 1,089,058,009.74 156,083,623.61 263,244,892.60 17,128,670.28 241,427,357.49 44,304,552.50 1,811,247,106.22 Unrealized G/L on FX Fwd (class level) 0.00 0.00 0.00 48,671.68 0.00 333,629.45 382,301.13 Realized G/L on FX Fwd (class level) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,089,058,009.74 156,083,623.61 263,244,892.60 17,177,341.96 241,427,357.49 44,638,181.95 1,811,629,407.35

Less Dividend distributed 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross NAV after dividend distributed 1,089,058,009.74 156,083,623.61 263,244,892.60 17,177,341.96 241,427,357.49 44,638,181.95 1,811,629,407.35 Less: Trustee Fee (2,884.73) (534.53) (858.21) (58.83) (798.43) (152.87) (5,287.60) Management Fee (37,296.51) (5,345.33) (9,015.24) (588.27) 0.00 (1,528.70) (53,774.05) NAV after Management Fee & Administrator Fee 1,089,017,828.50 156,077,743.75 263,235,019.15 17,176,694.86 241,426,559.06 44,636,500.38 1,811,570,345.70

No of units (Actual from UT-Pro) 104,880,706.2200 2,427,941.7290 31,787,187.9720 320,334.6950 21,706,053.7940 660,299.6930 161,782,524.1030

NAV per Unit (in 9 dec.) 10.383395266 64.283974317 8.281167223 53.621087969 11.122544952 67.600365188 (in fund currency)

The following section is in class currency: - NAV per Unit (in 9 dec.) CNY 10.383395266 USD 9.384795805 HKD 9.376368456 AUD 10.721989605 CNY 11.122544952 USD 9.868954593 (in class currency)

NAV per Unit (in 2 dec.) 10.38 9.38 9.38 10.72 11.12 9.87

NAV per Unit (Last dealing date in 2 dec) 10.33 9.43 9.42 10.69 11.07 9.84

NAV per Unit (Difference) 0.48% -0.53% -0.42% 0.28% 0.45% 0.30%

Subscription and Redemption Price 10.38 9.38 9.38 10.72 11.12 9.87

NAV per Unit Variance The following section is in class currency:

Value Date Variance Variance Variance Variance Variance Variance Current 06/01/2017 05/01/2017 10.33-0.4817% 9.43 1.0718% 9.42 1.0730% 10.69-0.2799% 11.07 -0.4496% 9.84 -0.3040% 04/01/2017 10.38-0.2882% 9.33 0.8649% 9.32 0.7568% 10.72-0.3717% 11.12 -0.2691% 9.87 -0.3030% 03/01/2017 10.41 0.1925% 9.25 0.3254% 9.25 0.4343% 10.76 0.0000% 11.15 0.1797% 9.90 0.0000% 30/12/2016 10.39-1.5166% 9.22-1.7058% 9.21-1.7076% 10.76-1.4652% 11.13 -0.0898% 9.90 -1.0989%

Dividend distributed (in class currency) CNY 0.00 USD 0.00 HKD 0.00 AUD 0.00 CNY 0.00 USD 0.00 Reference Exchange Rates: USD/CNY 6.849800001 HKD/CNY 0.883195585 AUD/CNY 5.001038981 CNY/CNY 1 USD/CNY 6.849800001

Prepared by: Checked by: Reviewed by:

Page 3

09/01/2017 14:57:27 3/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

NOMINAL DEAL AVG UNIT UNREALIZED QUANTITY/ CCY/ PRICE/ ORIG CURR PORT CURR MARKET ORIG CURR PORT CURR ACCR INT % OF P/L INVESTMENT ISIN CODE VALUE DATE INT RATE MATURITY DATE BOOK COST BOOK COST PRICE MKT VALUE MKT VALUE PORT CCY TOTAL PORT CCY

LUXEMBOURG

Mutual Fund/UT

Mutual Fund

BOC (EUROPE) UCITS SICAV-RQFII FIXED INCOME FUND-I RMB 130,000.0000(ACCUMULATION) CNY 100.000000 13,000,000.00 13,000,000.00 94.754000 12,318,020.00 12,318,020.00 0.68 (681,980.00)

RED ARC GLOBAL INVESTMENTS SICAV RDHYCDU- BOCHK RMB LX HIGH YIELD10,443.1410 BOND FUND-CD USD HEDGED 100.167717 1,046,065.59 6,900,129.07 103.660000 1,082,536.00 7,415,155.09 0.41 515,026.02

19,900,129.07 19,733,175.09 0.00 1.09 (166,953.98)

LUXEMBOURG SUBTOTAL 19,733,175.09 0.00 1.09 (166,953.98)

Bond

CNY

STARWAY ASSETS ENTERPRISES INC 4.1%EK0287962@BGN S/A 22JAN2017 35,960,000.0000 CNY 99.951118 35,942,422.00 35,942,422.00 99.726000 35,861,469.60 35,861,469.60 682,648.88 1.98 (80,952.40)

15/01/2014 4.1000% 22/01/2017

VALUE SUCCESS INTL LTD 4.15% S/A 29JAN2017EK0372921@BGN 16,870,000.0000 CNY 99.974481 16,865,695.00 16,865,695.00 99.774000 16,831,873.80 16,831,873.80 310,731.53 0.93 (33,821.20)

21/01/2014 4.1500% 29/01/2017

CENTRAL PLAZA DEVELOPMENT LTD 5.75%EK0694050@BGN S/A 17FEB2017 23,500,000.0000 CNY 99.865957 23,468,500.00 23,468,500.00 100.000000 23,500,000.00 23,500,000.00 529,393.84 1.30 31,500.00

10/02/2014 5.7500% 17/02/2017

SHUI ON DEVELOPMENT HLDG LTD 6.875%EK0848938@BGN S/A 26FEB2017 30,020,000.0000 CNY 100.208694 30,082,650.00 30,082,650.00 99.498000 29,869,299.60 29,869,299.60 757,696.58 1.65 (213,350.40)

19/02/2014 6.8750% 26/02/2017

AGILE GROUP HLDGS LTD 6.5% S/A 28FEB2017EK0886045@BGN 24,000,000.0000 CNY 100.289583 24,069,500.00 24,069,500.00 99.502000 23,880,480.00 23,880,480.00 555,616.44 1.32 (189,020.00)

21/02/2014 6.5000% 28/02/2017

GUOSEN SECURITIES OVERSEAS CO LTDEK1817833@BGN 6.4% S/A 24APR201 7 3,000,000.0000 CNY 101.150000 3,034,500.00 3,034,500.00 99.570000 2,987,100.00 2,987,100.00 39,452.05 0.16 (47,400.00)

15/04/2014 6.4000% 24/04/2017

HAINAN AIRLINES HONG KONG CO LTD 6.25%EK2563410@BGN S/A 22MAY201 7 3,000,000.0000 CNY 100.950000 3,028,500.00 3,028,500.00 99.166000 2,974,980.00 2,974,980.00 23,630.14 0.16 (53,520.00)

15/05/2014 6.2500% 22/05/2017

UNICAN LTD 5.8% S/A 30MAY2017 EK2846633@BGN 3,000,000.0000 CNY 101.050000 3,031,500.00 3,031,500.00 99.697000 2,990,910.00 2,990,910.00 18,115.07 0.17 (40,590.00)

22/05/2014 5.8000% 30/05/2017

TIMES PROPERTY HLDGS LTD 10.375% S/AEK3775690@BGN 16JUL2017 5,000,000.0000 CNY 103.740000 5,187,000.00 5,187,000.00 102.750000 5,137,500.00 5,137,500.00 248,715.75 0.28 (49,500.00)

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09/01/2017 14:57:27 4/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

09/07/2014 10.3750% 16/07/2017

POWERLONG REAL ESTATE HLDGS LTD 10.75%EK4852092@BGN S/A 18SEP201 7 12,000,000.0000 CNY 100.368750 12,044,250.00 12,044,250.00 102.601000 12,312,120.00 12,312,120.00 392,301.37 0.68 267,870.00

10/09/2014 10.7500% 18/09/2017

LAI FUNG HLDGS LTD 6.875% S/A 25APR2018EJ6433548@BGN 4,000,000.0000 CNY 96.980000 3,879,200.00 3,879,200.00 97.943000 3,917,720.00 3,917,720.00 55,753.42 0.22 38,520.00

18/04/2013 6.8750% 25/04/2018

IT LTD 6.25% S/A 15MAY2018 EJ6701803@BGN 3,000,000.0000 CNY 99.000000 2,970,000.00 2,970,000.00 97.993000 2,939,790.00 2,939,790.00 27,226.03 0.16 (30,210.00)

08/05/2013 6.2500% 15/05/2018

LONGFOR PROPERTIES CO LTD 6.75% S/AEK2898147@BGN 28MAY2018 12,000,000.0000 CNY 103.500000 12,420,000.00 12,420,000.00 99.656000 11,958,720.00 11,958,720.00 88,767.12 0.66 (461,280.00)

21/05/2014 6.7500% 28/05/2018

INDUSTRIAL & COMMERCIAL BANK OF CHINAQZ4978529@BGN LTD/SINGAPORE 5,000,000.0000 3.2% S/A 19SEP2018 CNY 100.000000 5,000,000.00 5,000,000.00 97.596000 4,879,800.00 4,879,800.00 48,219.18 0.27 (120,200.00)

08/09/2016 3.2000% 19/09/2018

HUNGARY GOVERNMENT INTL BOND 6.25%JK8056034@BGN S/A 25APR2019 4,000,000.0000 CNY 100.000000 4,000,000.00 4,000,000.00 101.193000 4,047,720.00 4,047,720.00 50,684.93 0.22 47,720.00

14/04/2016 6.2500% 25/04/2019

FANTASIA HLDGS GROUP CO LTD 9.5% S/AJK9194875@BGN 04MAY2019 4,000,000.0000 CNY 100.541250 4,021,650.00 4,021,650.00 100.696000 4,027,840.00 4,027,840.00 66,630.14 0.22 6,190.00

26/04/2016 9.5000% 04/05/2019

189,045,367.00 188,117,323.00 3,895,582.47 10.38 (928,044.00)

SUBTOTAL 188,117,323.00 3,895,582.47 10.38 (928,044.00)

Bond

INR

PROVINCE OF BRITISH COLUMBIA CANADAQZ4143082@BGN 6.6% S/ A 09JAN 2020 73,000,000.0000 REGS INR 99.953000 72,965,690.00 7,285,478.22 102.693000 74,965,890.00 7,555,523.81 159,164.86 0.42 270,045.59

01/09/2016 6.6000% 09/01/2020

7,285,478.22 7,555,523.81 159,164.86 0.42 270,045.59

SUBTOTAL 7,555,523.81 159,164.86 0.42 270,045.59

Bond

USD

Page 2 of 16

09/01/2017 14:57:27 5/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

AGILE GROUP HLDGS LTD 9.875% S/A 20MAR2017EJ0742589@BGN 1,200,000.0000 USD 100.427083 1,205,125.00 7,614,492.48 101.282000 1,215,384.00 8,325,137.32 241,255.64 0.46 710,644.84

13/03/2012 9.8750% 20/03/2017

ZOOMLION HK SPV CO LTD 6.875% S/A 05APR2017EJ1128929@BGN REGS 360,000.0000 USD 100.750000 362,700.00 2,507,816.61 100.781000 362,811.60 2,485,186.90 43,324.99 0.14 (22,629.71)

28/03/2012 6.8750% 05/04/2017

FANTASIA HLDGS GROUP CO LTD 13.75%EJ3721564@BGN S/A 27SEP2017 2,145,000.0000 USD 105.500000 2,262,975.00 14,763,435.13 107.200000 2,299,440.00 15,750,704.11 561,184.11 0.87 987,268.98

19/09/2012 13.7500% 27/09/2017

FUTURE LAND DEVELOPMENT HLDGS LTDQJ6542196@BGN 6.25% S/A 12NOV20 1,750,000.000017 USD 100.885476 1,765,495.83 11,832,198.80 101.814000 1,781,745.00 12,204,596.90 114,460.64 0.67 372,398.10

05/11/2015 6.2500% 12/11/2017

SHUI ON DEVELOPMENT HLDG LTD 8.7%EK6075866@BGN S/A 24NOV2017 500,000.0000 USD 102.785000 513,925.00 3,193,427.16 104.201000 521,005.00 3,568,780.05 35,590.40 0.20 375,352.89

17/11/2014 8.7000% 24/11/2017

GOLDEN WHEEL TIANDI HLDGS CO LTD [email protected]% S/A 08DEC2017 1,250,000.0000 USD 99.555000 1,244,437.50 8,023,137.45 102.447000 1,280,587.50 8,771,768.26 65,524.98 0.48 748,630.81

01/12/2015 9.5000% 08/12/2017

LOGAN PROPERTY HLDGS CO LTD 9.75% EK6334040@BGNS/A 08DEC2017 2,100,000.0000 USD 104.594667 2,196,488.00 14,182,150.08 105.368000 2,212,728.00 15,156,744.25 112,978.89 0.84 974,594.17

01/12/2014 9.7500% 08/12/2017

HENGDELI HLDGS LTD 6.25% S/A 29JAN2018EJ5183532@BGN 750,000.0000 USD 101.500000 761,250.00 5,111,184.75 101.695000 762,712.50 5,224,428.08 140,920.39 0.29 113,243.33

22/01/2013 6.2500% 29/01/2018

CHINA OIL AND GAS GROUP LTD 5.25% S/AEJ6280469@BGN 25APR2018 REG S 1,250,000.0000 USD 100.300000 1,253,750.00 8,388,663.16 101.588000 1,269,850.00 8,698,218.53 89,903.63 0.48 309,555.37

18/04/2013 5.2500% 25/04/2018

PARKSON RETAIL GROUP LTD 4.5% S/A 03MAY2018EJ6467660@BGN 1,000,000.0000 USD 94.306979 943,069.79 6,293,759.19 98.645000 986,450.00 6,756,985.21 54,798.40 0.37 463,226.02

25/04/2013 4.5000% 03/05/2018

SHUI ON DEVELOPMENT HLDG LTD 8.7%EK2479047@BGN S/A 19MAY2018 500,000.0000 USD 107.250000 536,250.00 3,558,876.75 105.760000 528,800.00 3,622,174.24 39,728.84 0.20 63,297.49

30/04/2014 8.7000% 19/05/2018

CHINA AOYUAN PROPERTY GROUP LTD [email protected]% S/A 26MAY20 2,250,000.000018 USD 98.831778 2,223,715.00 13,801,318.22 107.700000 2,423,250.00 16,598,777.85 190,884.68 0.92 2,797,459.63

18/05/2015 10.8750% 26/05/2018

CENTRAL CHINA REAL ESTATE LTD 6.5%EJ6898443@BGN S/A 04JUN2018 1,000,000.0000 USD 100.204167 1,002,041.67 6,543,422.81 101.697000 1,016,970.00 6,966,041.11 40,813.37 0.38 422,618.30

22/05/2013 6.5000% 04/06/2018

ZHONGRONG INTL BOND 2015 LTD 6% S/AEK9651945@BGN 15JUN2018 250,000.0000 USD 102.250000 255,625.00 1,696,480.87 100.854000 252,135.00 1,727,074.32 6,279.01 0.10 30,593.45

08/06/2015 6.0000% 15/06/2018

PACIFIC EMERALD PTE LTD 9.75% S/A 25JUL2018EJ7546470@BGN 1,500,000.0000 USD 102.953733 1,544,306.00 10,080,795.61 105.044000 1,575,660.00 10,792,955.87 450,802.46 0.60 712,160.26

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09/01/2017 14:57:27 6/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

18/07/2013 9.7500% 25/07/2018

NATIONAL SAVINGS BANK 8.875% S/A 18SEP2018EJ8344206@BGN REGS 1,000,000.0000 USD 107.670000 1,076,700.00 7,174,785.32 106.622000 1,066,220.00 7,303,393.76 184,064.61 0.40 128,608.44

12/09/2013 8.8750% 18/09/2018

PROFIT FAST LTD 5.5% S/A 19NOV2018 QJ7140008@BGN 500,000.0000 USD 102.850000 514,250.00 3,440,589.63 102.338000 511,690.00 3,504,974.16 25,115.96 0.19 64,384.53

12/11/2015 5.5000% 19/11/2018

WISE SOURCE INTL LTD 5.95% S/A 25NOV2018AL3188185@BGN 750,000.0000 USD 100.000000 750,000.00 5,169,900.00 99.903000 749,272.50 5,132,366.77 35,661.77 0.28 (37,533.23)

17/11/2016 5.9500% 25/11/2018

POWERLONG REAL ESTATE HLDGS LTD 7.625%QJ8574569@BGN S/A 26NOV201 8 3,250,000.0000 USD 101.057923 3,284,382.50 21,488,229.95 104.277000 3,389,002.50 23,213,989.32 193,322.52 1.28 1,725,759.37

19/11/2015 7.6250% 26/11/2018

HNA GROUP INTL CO LTD 8.125% S/A 03DEC2018QJ9358749@BGN 250,000.0000 USD 103.625000 259,062.50 1,699,861.72 104.245000 260,612.50 1,785,143.50 13,140.66 0.10 85,281.78

26/11/2015 8.1250% 03/12/2018

EHI CAR SERVICES LTD 7.5% S/A 08DEC2018AH0217341@BGN REGS 2,500,000.0000 USD 103.028267 2,575,706.67 16,968,292.14 105.745000 2,643,625.00 18,108,302.53 103,460.54 1.00 1,140,010.39

01/12/2015 7.5000% 08/12/2018

UNIGROUP INTL HLDGS LTD 5.25% S/A 10DEC2018JV1318247@BGN 500,000.0000 USD 103.600000 518,000.00 3,458,945.00 102.680000 513,400.00 3,516,687.32 13,485.54 0.19 57,742.32

03/12/2015 5.2500% 10/12/2018

TRILLION CHANCE LTD 8.5% S/A 10JAN2019EK0111212@BGN 4,000,000.0000 USD 100.786072 4,031,442.86 25,263,442.30 104.250000 4,170,000.00 28,563,666.00 1,145,058.26 1.58 3,300,223.70

06/01/2014 8.5000% 10/01/2019

KWG PROPERTY HLDGS LTD 8.975% S/A 14JAN2019EK0131806@BGN REGS 1,500,000.0000 USD 105.703667 1,585,555.00 10,540,299.07 104.758000 1,571,370.00 10,763,570.23 443,146.37 0.59 223,271.16

07/01/2014 8.9750% 14/01/2019

SRI LANKA GOVERNMENT INTL BOND 6%EK0129214@BGN S/A 14JAN2019 REG S 250,000.0000 USD 102.950000 257,375.00 1,791,973.44 103.999000 259,997.50 1,780,930.88 49,375.62 0.10 (11,042.56)

06/01/2014 6.0000% 14/01/2019

CHINA AOYUAN PROPERTY GROUP LTD [email protected]% S/A 17JAN201 9 3,500,000.0000 USD 100.797189 3,527,901.61 21,747,534.03 106.111000 3,713,885.00 25,439,369.47 1,273,634.69 1.40 3,691,835.44

10/01/2014 11.2500% 17/01/2019

TEXHONG TEXTILE GROUP LTD 6.5% S/AEJ6227429@BGN 18JAN2019 2,050,000.0000 USD 103.115854 2,113,875.00 13,860,000.70 103.292000 2,117,486.00 14,504,355.60 428,478.76 0.80 644,354.90

11/04/2013 6.5000% 18/01/2019

BLUE SKY FLIERS CO LTD 6.9% S/A 20JAN2019JV5913266@BGN 2,500,000.0000 USD 102.453750 2,561,343.75 17,012,089.22 101.748000 2,543,700.00 17,423,836.26 548,126.68 0.96 411,747.04

14/01/2016 6.9000% 20/01/2019

FANTASIA HLDGS GROUP CO LTD 10.625%EK0313651@BGN S/A 23JAN2019 2,150,000.0000 USD 105.331395 2,264,625.00 15,053,121.94 105.811000 2,274,936.50 15,582,860.04 712,831.08 0.86 529,738.10

16/01/2014 10.6250% 23/01/2019

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09/01/2017 14:57:27 7/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

YUZHOU PROPERTIES CO LTD 8.625% S/AEK0337833@BGN 24JAN2019 5,450,000.0000 USD 101.998597 5,558,923.51 34,765,193.12 104.528000 5,696,776.00 39,021,776.24 1,457,869.31 2.15 4,256,583.12

17/01/2014 8.6250% 24/01/2019

CIFI HLDGS GROUP CO LTD 8.875% S/A 27JAN2019EK0359050@BGN 2,500,000.0000 USD 105.945000 2,648,625.00 17,714,786.63 104.721000 2,618,025.00 17,932,947.65 675,466.38 0.99 218,161.02

20/01/2014 8.8750% 27/01/2019

CHINA SOUTH CITY HLDGS LTD 8.25% S/AEK0363250@BGN 29JAN2019 1,500,000.0000 USD 103.803071 1,557,046.06 10,312,350.87 104.042000 1,560,630.00 10,690,003.37 372,029.76 0.59 377,652.50

20/01/2014 8.2500% 29/01/2019

AGILE GROUP HLDGS LTD 8.375% S/A 18FEB2019EK0668492@BGN 1,050,000.0000 USD 97.823810 1,027,150.00 6,537,664.15 104.422000 1,096,431.00 7,510,333.06 232,575.71 0.41 972,668.91

10/02/2014 8.3750% 18/02/2019

TIMES PROPERTY HLDGS LTD 12.625% S/AEK1180562@BGN 21MAR2019 3,500,000.0000 USD 107.378034 3,758,231.18 23,787,264.74 108.245000 3,788,575.00 25,950,981.04 891,211.31 1.43 2,163,716.30

12/03/2014 12.6250% 21/03/2019

GREENTOWN CHINA HLDGS LTD 8% S/A EJ8376828@BGN24MAR2019 3,250,000.0000 USD 105.369282 3,424,501.67 22,628,845.41 104.996000 3,412,370.00 23,374,052.03 509,549.02 1.29 745,206.62

16/09/2013 8.0000% 24/03/2019

GOLDEN LEGACY PTE LTD 9% S/A 24APR2019EK1831040@BGN REGS 750,000.0000 USD 101.155937 758,669.53 4,772,491.60 105.528000 791,460.00 5,421,342.71 93,756.64 0.30 648,851.11

15/04/2014 9.0000% 24/04/2019

COUNTRY GARDEN HLDGS CO LTD 7.875%EK2803717@BGN S/A 27MAY2019 RE GS3,202,000.0000 USD 105.971455 3,393,206.00 22,995,409.69 105.250000 3,370,105.00 23,084,545.23 191,914.27 1.27 89,135.54

15/05/2014 7.8750% 27/05/2019

LOGAN PROPERTY HLDGS CO LTD 11.25%EK2989102@BGN S/A 04JUN2019 RE GS 4,500,000.0000 USD 104.098168 4,684,417.54 29,629,568.55 108.598000 4,886,910.00 33,474,356.12 317,873.53 1.85 3,844,787.57

27/05/2014 11.2500% 04/06/2019

SHUI ON DEVELOPMENT HLDG LTD 9.625%EK3118750@BGN S/A 10JUN2019 3,250,000.0000 USD 101.987885 3,314,606.25 21,000,816.91 107.005000 3,477,662.50 23,821,292.59 160,702.75 1.31 2,820,475.68

03/06/2014 9.6250% 10/06/2019

PAKUWON PRIMA PTE LTD 7.125% S/A 02JUL2019EK3537983@BGN 1,900,000.0000 USD 103.781192 1,971,842.65 12,985,228.05 105.362000 2,001,878.00 13,712,463.92 12,879.06 0.76 727,235.87

25/06/2014 7.1250% 02/07/2019

FUTURE LAND DEVELOPMENT HLDGS LTDEK3840965@BGN 10.25% S/A 21JUL2 0193,500,000.0000 USD 105.854596 3,704,910.86 24,342,746.17 108.238000 3,788,330.00 25,949,302.83 1,133,118.64 1.43 1,606,556.66

14/07/2014 10.2500% 21/07/2019

MODERN LAND CHINA CO LTD 12.75% S/AEK4051463@BGN 31JUL2019 500,000.0000 USD 110.750000 553,750.00 3,844,520.13 110.291000 551,455.00 3,777,356.46 190,438.69 0.21 (67,163.67)

24/07/2014 12.7500% 31/07/2019

GCX LTD 7% S/A 01AUG2019 REGS EK4070000@BGN 2,000,000.0000 USD 100.165625 2,003,312.50 13,174,367.67 99.572000 1,991,440.00 13,640,965.71 415,554.56 0.75 466,598.04

24/07/2014 7.0000% 01/08/2019

GREENKO DUTCH BV 8% S/A 01AUG2019 EK3281848@BGNREGS 1,250,000.0000 USD 100.027000 1,250,337.50 8,136,792.33 106.250000 1,328,125.00 9,097,390.63 296,824.64 0.50 960,598.30

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09/01/2017 14:57:27 8/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

24/07/2014 8.0000% 01/08/2019

REDCO PROPERTIES GROUP LTD 13.75% S/AEK4070497@BGN 01AUG2019 500,000.0000 USD 96.900000 484,500.00 3,006,758.55 107.499000 537,495.00 3,681,733.25 204,066.98 0.20 674,974.70

25/07/2014 13.7500% 01/08/2019

KWG PROPERTY HLDGS LTD 8.25% S/A 05AUG2019EK4121795@BGN 3,000,000.0000 USD 103.116667 3,093,500.00 20,174,090.45 106.429000 3,192,870.00 21,870,520.93 715,804.10 1.21 1,696,430.48

29/07/2014 8.2500% 05/08/2019

MARQUEE LAND PTE LTD 9.75% S/A 05AUG2019EK4129715@BGN REGS 2,750,000.0000 USD 106.498880 2,928,719.20 19,226,326.49 107.296000 2,950,640.00 20,211,293.87 775,454.42 1.12 984,967.38

29/07/2014 9.7500% 05/08/2019

RKI OVERSEAS FINANCE 2016 A LTD 5% S/AQZ1268536@BGN 09AUG2019 1,000,000.0000 USD 100.000000 1,000,000.00 6,640,100.00 100.805000 1,008,050.00 6,904,940.89 140,801.47 0.38 264,840.89

03/08/2016 5.0000% 09/08/2019

XINYUAN REAL ESTATE CO LTD 8.125% S/AQZ3307068@BGN 30AUG2019 750,000.0000 USD 100.000000 750,000.00 5,002,650.00 97.339000 730,042.50 5,000,645.12 147,252.89 0.28 (2,004.88)

24/08/2016 8.1250% 30/08/2019

HAIKOU MEILAN INTL AIRPORT CO LTD [email protected]% S/A 06SEP20 19 1,000,000.0000 USD 100.000000 1,000,000.00 6,690,500.00 100.366000 1,003,660.00 6,874,870.27 120,870.41 0.38 184,370.27

30/08/2016 5.2500% 06/09/2019

OCEANWIDE REAL ESTATE INTL HLDGS EK4654126@BGNCO LTD 11.75% S/A 08SEP2019 1,950,000.0000 USD 101.855128 1,986,175.00 12,301,513.07 110.157000 2,148,061.50 14,713,791.66 518,793.85 0.81 2,412,278.59

01/09/2014 11.7500% 08/09/2019

WEST CHINA CEMENT LTD 6.5% S/A 11SEP2019EK4650587@BGN 2,500,000.0000 USD 103.431643 2,585,791.07 17,200,477.48 104.226000 2,605,650.00 17,848,181.37 358,663.13 0.99 647,703.89

29/08/2014 6.5000% 11/09/2019

MPM GLOBAL PTE LTD 6.75% S/A 19SEP2019EK4801065@BGN 1,000,000.0000 USD 99.242500 992,425.00 6,564,766.36 103.290000 1,032,900.00 7,075,158.42 138,708.45 0.39 510,392.06

12/09/2014 6.7500% 19/09/2019

JABABEKA INTL BV 7.5% S/A 24SEP2019 REGSEK5006839@BGN 1,250,000.0000 USD 103.143600 1,289,295.00 8,247,120.56 105.857000 1,323,212.50 9,063,740.98 183,731.64 0.50 816,620.42

17/09/2014 7.5000% 24/09/2019

MODERN LAND CHINA CO LTD 6.875% S/AQZ8848793@BGN 20OCT2019 1,000,000.0000 USD 97.843750 978,437.50 6,733,851.28 97.910000 979,100.00 6,706,639.18 100,725.35 0.37 (27,212.10)

13/10/2016 6.8750% 20/10/2019

JSW STEEL LTD 4.75% S/A 12NOV2019 EK5617452@BGN 750,000.0000 USD 95.746249 718,096.87 4,757,205.43 99.608000 747,060.00 5,117,211.59 37,281.47 0.28 360,006.16

05/11/2014 4.7500% 12/11/2019

VIRGIN AUSTRALIA HLDGS LTD 8.5% S/AEK6037486@BGN 15NOV2019 REGS 1,000,000.0000 USD 103.908333 1,039,083.33 6,881,819.88 103.800000 1,038,000.00 7,110,092.40 84,100.34 0.39 228,272.52

13/11/2014 8.5000% 15/11/2019

STUDIO CITY CO LTD 5.875% S/A 30NOV2019AL4017359@BGN REGS 1,250,000.0000 USD 102.952000 1,286,900.00 8,940,497.23 103.262000 1,290,775.00 8,841,550.60 51,700.51 0.49 (98,946.63)

22/11/2016 5.8750% 30/11/2019

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09/01/2017 14:57:27 9/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

SUNAC CHINA HLDGS LTD 8.75% S/A 05DEC2019EK6334347@BGN 1,500,000.0000 USD 102.655867 1,539,838.00 9,918,002.47 108.463000 1,626,945.00 11,144,247.86 79,914.36 0.62 1,226,245.39

02/12/2014 8.7500% 05/12/2019

YUZHOU PROPERTIES CO LTD 9% S/A 08DEC2019EK6334529@BGN 3,350,000.0000 USD 108.738433 3,642,737.50 24,682,610.75 108.514000 3,635,219.00 24,900,523.11 166,364.52 1.37 217,912.36

01/12/2014 9.0000% 08/12/2019

PRIME BLOOM HLDGS LTD 7.5% S/A 19DEC2019AL7221271@BGN 250,000.0000 USD 98.171000 245,427.50 1,698,677.35 100.396000 250,990.00 1,719,231.30 6,421.69 0.09 20,553.95

13/12/2016 7.5000% 19/12/2019

CHINA AOYUAN PROPERTY GROUP LTD [email protected]% S/A 11JAN2020 2,400,000.0000 USD 100.234375 2,405,625.00 16,512,988.31 100.783000 2,418,792.00 16,568,241.44 0.91 55,253.13

04/01/2017 0.0000% 11/01/2020

SHIMAO PROPERTY HLDGS LTD 6.625% S/AEJ5037167@BGN 14JAN2020 2,000,000.0000 USD 104.380000 2,087,600.00 13,956,021.80 103.355000 2,067,100.00 14,159,221.58 436,151.49 0.78 203,199.78

07/01/2013 6.6250% 14/01/2020

CAIFU HLDGS LTD 8.75% S/A 24JAN2020 REGSEJ5184035@BGN 950,000.0000 USD 106.223684 1,009,125.00 6,716,269.13 104.608000 993,776.00 6,807,166.84 257,806.95 0.38 90,897.71

16/01/2013 8.7500% 24/01/2020

SPARKLE ASSETS LTD 6.875% S/A 30JAN2020EJ5284355@BGN 2,942,000.0000 USD 103.550731 3,046,462.50 20,388,471.38 103.602000 3,047,970.84 20,877,990.66 604,213.46 1.15 489,519.28

23/01/2013 6.8750% 30/01/2020

ABJA INVESTMENT CO PTE LTD 4.85% S/AEK4036332@BGN 31JAN2020 500,000.0000 USD 100.650000 503,250.00 3,506,243.40 101.852000 509,260.00 3,488,329.15 72,441.36 0.19 (17,914.25)

24/07/2014 4.8500% 31/01/2020

CAR INC 6.125% S/A 04FEB2020 REGS EK7252191@BGN 1,000,000.0000 USD 104.471250 1,044,712.50 7,099,085.64 104.916000 1,049,160.00 7,186,536.17 178,308.86 0.40 87,450.53

28/01/2015 6.1250% 04/02/2020

KWG PROPERTY HLDG LTD 8.625% S/A 05FEB2020EJ5349612@BGN REGS 1,250,000.0000 USD 106.083000 1,326,037.50 8,703,082.30 104.749000 1,309,362.50 8,968,871.25 311,808.58 0.50 265,788.95

29/01/2013 8.6250% 05/02/2020

PRATAMA AGUNG PTE LTD 6.25% S/A 24FEB2020EK7314058@BGN 1,250,000.0000 USD 102.680000 1,283,500.00 8,402,078.31 104.236000 1,302,950.00 8,924,946.91 197,704.75 0.49 522,868.60

12/02/2015 6.2500% 24/02/2020

TIMES PROPERTY HLDGS LTD 11.45% S/AEK7805865@BGN 05MAR2020 1,000,000.0000 USD 103.296874 1,032,968.74 6,455,890.42 112.427000 1,124,270.00 7,701,024.65 265,791.28 0.43 1,245,134.23

02/03/2015 11.4500% 05/03/2020

ALAM SYNERGY PTE LTD 6.95% S/A 27MAR2020EJ6055713@BGN REGS 2,250,000.0000 USD 101.660556 2,287,362.50 15,332,068.13 102.660000 2,309,850.00 15,822,010.53 297,538.19 0.87 489,942.40

21/03/2013 6.9500% 27/03/2020

STAR ENERGY GEOTHERMAL WAYANG WINDUEJ6061315@BGN LTD 6.125% S/A 500,000.000027MAR2020 REGS USD 100.160000 500,800.00 3,251,743.22 103.527000 517,635.00 3,545,696.22 57,688.19 0.20 293,953.00

21/03/2013 6.1250% 27/03/2020

CHINA OIL AND GAS GROUP LTD 5% S/A EK5800645@BGN07MAY2020 2,000,000.0000 USD 101.986250 2,039,725.00 13,649,653.65 101.819000 2,036,380.00 13,948,795.72 114,163.36 0.77 299,142.07

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09/01/2017 14:57:27 10/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

03/11/2014 5.0000% 07/05/2020

TRADE & DEVELOPMENT BANK OF MONGOLIAEK9127169@BGN LLC 9.375% S/A 1,500,000.0000 19MAY2020 REGS USD 95.866667 1,438,000.00 9,860,810.08 99.107000 1,486,605.00 10,182,946.93 128,433.75 0.56 322,136.85

30/04/2015 9.3750% 19/05/2020

GARUDA INDONESIA GLOBAL SUKUK LTDEK9215709@BGN 5.95% S/A 03JUN20 201,000,000.0000 USD 102.081250 1,020,812.50 6,737,673.47 103.088000 1,030,880.00 7,061,321.82 38,492.04 0.39 323,648.35

27/05/2015 5.9500% 03/06/2020

CIFI HLDGS GROUP CO LTD 7.75% S/A 05JUN2020EK9396764@BGN 6,000,000.0000 USD 104.581734 6,274,904.01 40,762,885.02 107.865000 6,471,900.00 44,331,220.62 283,125.04 2.45 3,568,335.60

27/05/2015 7.7500% 05/06/2020

CHINA SCE PROPERTY HLDGS LTD 10% S/AEK9970469@BGN 02JUL2020 4,260,000.0000 USD 107.321102 4,571,878.93 29,896,805.84 111.051000 4,730,772.60 32,404,846.16 40,528.01 1.79 2,508,040.32

24/06/2015 10.0000% 02/07/2020

OCEANWIDE HLDGS INTL 2015 CO LTD 9.625%UV4391396@BGN S/A 11AUG20 20 1,500,000.0000 USD 111.092500 1,666,387.50 11,118,631.03 109.137000 1,637,055.00 11,213,499.34 401,070.04 0.62 94,868.31

04/08/2015 9.6250% 11/08/2020

RELIANCE COMMUNICATIONS LTD 6.5% EK8830185@BGNS/A 06NOV2020 300,000.0000 USD 103.797917 311,393.75 2,071,209.28 101.553000 304,659.00 2,086,853.22 23,003.89 0.12 15,643.94

27/04/2015 6.5000% 06/11/2020

STATS CHIPPAC LTD 8.5% S/A 24NOV2020QJ8336860@BGN REGS 1,500,000.0000 USD 103.181250 1,547,718.75 10,145,885.68 105.364000 1,580,460.00 10,825,834.91 104,316.77 0.60 679,949.23

17/11/2015 8.5000% 24/11/2020

STUDIO CITY FINANCE LTD 8.5% S/A 01DEC2020EJ4499889@BGN REGS 250,000.0000 USD 103.523000 258,807.50 1,740,732.70 104.419000 261,047.50 1,788,123.17 14,555.83 0.10 47,390.47

16/11/2012 8.5000% 01/12/2020

UNIGROUP INTL HLDGS LTD 6% S/A 10DEC2020JV1318239@BGN 1,500,000.0000 USD 106.865000 1,602,975.00 10,869,243.48 105.707000 1,585,605.00 10,861,077.13 46,236.15 0.60 (8,166.35)

03/12/2015 6.0000% 10/12/2020

SHIMAO PROPERTY HLDGS LTD 8.125% S/AEK0253253@BGN 22JAN2021 2,250,000.0000 USD 106.233333 2,390,250.00 15,231,476.30 108.448000 2,440,080.00 16,714,059.98 573,938.30 0.92 1,482,583.68

14/01/2014 8.1250% 22/01/2021

CENTRAL CHINA REAL ESTATE LTD 8.75%EK8582273@BGN S/A 23JAN2021 500,000.0000 USD 109.569166 547,845.83 3,640,823.99 107.518000 537,590.00 3,682,383.98 136,520.35 0.20 41,559.99

14/04/2015 8.7500% 23/01/2021

CAR INC 6% S/A 11FEB2021 UV4266440@BGN 1,000,000.0000 USD 101.913000 1,019,130.00 6,571,591.61 104.963000 1,049,630.00 7,189,755.57 166,678.44 0.40 618,163.96

03/08/2015 6.0000% 11/02/2021

MCE FINANCE LTD 5% S/A 15FEB2021 REGSEJ5365964@BGN 1,050,000.0000 USD 98.902530 1,038,476.56 6,874,243.82 101.107000 1,061,623.50 7,271,908.65 141,847.92 0.40 397,664.83

29/01/2013 5.0000% 15/02/2021

COUNTRY GARDEN HLDGS CO 7.25% S/A EJ8561106@BGN04APR2021 REGS 3,500,000.0000 USD 104.115786 3,644,052.50 23,887,321.65 105.260000 3,684,100.00 25,235,348.18 449,018.64 1.39 1,348,026.53

25/09/2013 7.2500% 04/04/2021

Page 8 of 16

09/01/2017 14:57:27 11/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

MONGOLIA GOVERNMENT INTL BOND 10.875%JK6100198@BGN S/A 06APR2021 REGS250,000.0000 USD 106.562500 266,406.25 1,779,712.54 107.876000 269,690.00 1,847,322.56 47,074.57 0.10 67,610.02

29/03/2016 10.8750% 06/04/2021

361 DEGREES INTL LTD 7.25% S/A 03JUN2021LW1544128@BGN 3,200,000.0000 USD 107.574115 3,442,371.69 22,960,614.78 107.276000 3,432,832.00 23,514,212.63 150,086.72 1.30 553,597.85

24/05/2016 7.2500% 03/06/2021

GOLDEN LEGACY PTE LTD 8.25% S/A 07JUN2021LW3138606@BGN REGS 750,000.0000 USD 103.137931 773,534.48 5,115,636.91 105.540000 791,550.00 5,421,959.19 35,319.28 0.30 306,322.28

01/06/2016 8.2500% 07/06/2021

BIOSTIME INTL HLDGS LTD 7.25% S/A 21JUN2021LW4710692@BGN REGS 2,515,000.0000 USD 104.572617 2,630,001.33 17,489,081.29 105.448000 2,652,017.20 18,165,787.42 55,510.03 1.00 676,706.13

15/06/2016 7.2500% 21/06/2021

HT GLOBAL IT SOLUTIONS HLDGS LTD 7%LW8103324@BGN S/A 14JUL2021 R EGS 1,000,000.0000 USD 103.726167 1,037,261.67 6,924,490.24 103.759000 1,037,590.00 7,107,283.98 230,419.67 0.39 182,793.74

07/07/2016 7.0000% 14/07/2021

GLENMARK PHARMACEUTICALS LTD 4.5%LW9206399@BGN S/A 02AUG2021 750,000.0000 USD 101.451249 760,884.37 5,069,017.54 100.053000 750,397.50 5,140,072.80 100,178.33 0.28 71,055.26

25/07/2016 4.5000% 02/08/2021

JUBILANT PHARMA LTD/SG 4.875% S/A 06OCT2021QZ6972702@BGN 750,000.0000 USD 100.000000 750,000.00 5,005,125.00 98.662000 739,965.00 5,068,612.26 63,307.15 0.28 63,487.26

29/09/2016 4.8750% 06/10/2021

VIRGIN AUSTRALIA HLDGS LTD 7.875% S/AQZ8423118@BGN 15OCT2021 REG S 1,000,000.0000 USD 100.000000 1,000,000.00 6,708,000.00 101.147000 1,011,470.00 6,928,367.21 119,871.50 0.38 220,367.21

07/10/2016 7.8750% 15/10/2021

WYNN MACAU LTD 5.25% S/A 15OCT2021EJ8798104@BGN REGS 3,250,000.0000 USD 100.441923 3,264,362.50 22,008,816.32 101.477000 3,298,002.50 22,590,657.52 266,214.60 1.25 581,841.20

10/10/2013 5.2500% 15/10/2021

STUDIO CITY CO LTD 7.25% S/A 30NOV2021AL4017342@BGN REGS 1,250,000.0000 USD 104.411000 1,305,137.50 9,081,764.74 105.084000 1,313,550.00 8,997,554.79 63,800.68 0.50 (84,209.95)

22/11/2016 7.2500% 30/11/2021

SAMVARDHANA MOTHERSON AUTOMOTIVELW3761456@BGN SYSTEMS GROUP 1,000,000.0000 BV 4.875% S/A 16DEC2021 USD 103.768750 1,037,687.50 6,924,796.96 100.944000 1,009,440.00 6,914,462.11 19,479.12 0.38 (10,334.85)

08/06/2016 4.8750% 16/12/2021

KWG PROPERTY HLDG LTD 6% S/A 11JAN2022AL9592026@BGN 500,000.0000 USD 99.950000 499,750.00 3,440,628.83 100.133000 500,665.00 3,429,455.12 0.19 (11,173.71)

29/12/2016 0.0000% 11/01/2022

DELHI INTL AIRPORT PVT LTD 6.125% S/AEK7210769@BGN 03FEB2022 1,200,000.0000 USD 105.631897 1,267,582.76 8,437,419.48 106.411000 1,276,932.00 8,746,728.81 215,369.15 0.48 309,309.33

27/01/2015 6.1250% 03/02/2022

SHIMAO PROPERTY HLDGS LTD 8.375% S/AEK7335236@BGN 10FEB2022 2,000,000.0000 USD 110.995064 2,219,901.28 14,538,556.87 111.592000 2,231,840.00 15,287,657.63 468,497.76 0.84 749,100.76

03/02/2015 8.3750% 10/02/2022

TBG GLOBAL PTE LTD 5.25% S/A 02OCT2022EK7338131@BGN 1,000,000.0000 USD 101.570000 1,015,700.00 6,708,779.14 101.150000 1,011,500.00 6,928,572.70 146,842.59 0.38 219,793.56

Page 9 of 16

09/01/2017 14:57:27 12/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

03/02/2015 5.2500% 10/02/2022

FMG RESOURCES AUGUST 2006 PTY LTD [email protected]% S/A 01APR2 022 REGS500,000.0000 USD 102.800000 514,000.00 3,484,492.45 104.044000 520,220.00 3,563,402.96 62,789.86 0.20 78,910.51

14/03/2012 6.8750% 01/04/2022

THETA CAPITAL PTE LTD 7% S/A 11APR2022EK1599266@BGN 2,950,000.0000 USD 104.125016 3,071,687.96 20,366,361.36 105.071000 3,099,594.50 21,231,602.41 337,904.47 1.17 865,241.05

02/04/2014 7.0000% 11/04/2022

YANCOAL INTL RESOURCES DEVELOPMENTEJ1924269@BGN CO LTD 5.73% S/A 16MAY2022250,000.0000 REGS USD 100.650000 251,625.00 1,706,243.96 99.741000 249,352.50 1,708,014.75 13,900.85 0.09 1,770.79

09/05/2012 5.7300% 16/05/2022

VLL INTL INC 7.375% S/A 18JUN2022 EK9723967@BGN 3,450,000.0000 USD 106.962440 3,690,204.17 24,217,930.00 106.452000 3,672,594.00 25,156,534.38 91,983.57 1.39 938,604.38

11/06/2015 7.3750% 18/06/2022

ZOOMLION HK SPV CO LTD 6.125% S/A 20DEC2022EJ4808303@BGN REGS 750,000.0000 USD 95.725000 717,937.50 4,865,750.27 96.983000 727,372.50 4,982,356.15 14,859.07 0.28 116,605.88

13/12/2012 6.1250% 20/12/2022

LONGFOR PROPERTIES CO LTD 6.75% S/AEJ5255041@BGN 29JAN2023 4,970,000.0000 USD 107.313668 5,333,489.29 35,563,779.90 106.289000 5,282,563.30 36,184,502.09 1,008,538.87 2.00 620,722.19

22/01/2013 6.7500% 29/01/2023

SAN MIGUEL CORP 4.875% S/A 26APR2023 EJ6369320@BGN 250,000.0000 USD 103.575000 258,937.50 1,725,431.18 99.171000 247,927.50 1,698,253.79 16,464.52 0.09 (27,177.39)

18/04/2013 4.8750% 26/04/2023

GOLDEN EAGLE RETAIL GROUP LTD 4.625%EJ6788180@BGN S/A 21MAY2023 REGS 750,000.0000 USD 87.978125 659,835.94 4,351,401.29 87.324000 654,930.00 4,486,139.51 30,360.30 0.25 134,738.22

14/05/2013 4.6250% 21/05/2023

JABABEKA INTL BV 6.5% S/A 05OCT2023 REGSQZ7176725@BGN 500,000.0000 USD 98.300000 491,500.00 3,422,068.75 100.206000 501,030.00 3,431,955.29 56,891.42 0.19 9,886.54

28/09/2016 6.5000% 05/10/2023

WANDA PROPERTIES INTL CO LTD 7.25%EK0434986@BGN S/A 29JAN2024 543,000.0000 USD 113.024442 613,722.72 4,092,981.28 108.194000 587,493.42 4,024,212.43 118,350.57 0.22 (68,768.85)

23/01/2014 7.2500% 29/01/2024

ABJA INVESTMENT CO PTE LTD 5.95% S/AEK4036571@BGN 31JUL2024 500,000.0000 USD 100.293344 501,466.72 3,351,723.63 100.090000 500,450.00 3,427,982.41 88,871.43 0.19 76,258.78

24/07/2014 5.9500% 31/07/2024

BAHRAIN GOVERNMENT INTL BOND 7% QJ8338262@BGNS/A 26JAN2026 REGS 500,000.0000 USD 106.490000 532,450.00 3,533,657.67 105.517000 527,585.00 3,613,851.73 107,218.41 0.20 80,194.06

17/11/2015 7.0000% 26/01/2026

SRI LANKA GOVERNMENT INTL BOND 6.825%LW8500974@BGN S/A 18JUL2026 REGS 700,000.0000 USD 102.586206 718,103.44 4,812,150.60 102.665000 718,655.00 4,922,643.02 153,625.33 0.27 110,492.42

11/07/2016 6.8250% 18/07/2026

LISTRINDO CAPITAL BV 4.95% S/A 14SEP2026QZ4930843@BGN REGS 750,000.0000 USD 100.638981 754,792.36 5,040,052.15 99.069000 743,017.50 5,089,521.27 80,527.96 0.28 49,469.12

07/09/2016 4.9500% 14/09/2026

Page 10 of 16

09/01/2017 14:57:27 13/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

MOON WISE GLOBAL LTD 9% S/A PERP EK0359175@BGN 3,000,000.0000 USD 105.108333 3,153,250.00 20,439,243.07 108.816000 3,264,480.00 22,361,035.10 816,838.65 1.23 1,921,792.03

20/01/2014 9.0000% 28/01/2049

CHALIECO HONG KONG CORP LTD 5.7% S/AAL2992686@BGN PERP REGS 250,000.0000 USD 101.200000 253,000.00 1,749,393.80 102.432000 256,080.00 1,754,096.78 9,760.97 0.10 4,702.98

23/11/2016 5.7000% 15/07/2049

OLAM INTL LTD 5.35% S/A PERP LW8764257@BGN 2,000,000.0000 USD 100.296667 2,005,933.33 13,391,827.63 97.506000 1,950,120.00 13,357,931.98 339,997.43 0.74 (33,895.65)

13/07/2016 5.3500% 20/07/2049

BANK OF COMMUNICATIONS CO LTD 5%UV2912706@BGN A PERP (PREFERENCE 500,000.0000SHARES) USD 102.240000 511,200.00 3,458,216.88 102.388000 511,940.00 3,506,686.61 75,157.51 0.19 48,469.73

22/07/2015 5.0000% 29/07/2049

PETRON CORP 7.5% S/A PERP REGS EJ5369677@BGN 750,000.0000 USD 105.941667 794,562.50 5,252,000.55 104.852000 786,390.00 5,386,614.22 161,612.47 0.30 134,613.67

30/01/2013 7.5000% 06/08/2049

SMC GLOBAL POWER HLDGS CORP 6.75%UV5270326@BGN S/A PERP 1,000,000.0000 USD 105.727500 1,057,275.00 7,173,399.42 103.265000 1,032,650.00 7,073,445.97 168,248.21 0.39 (99,953.45)

19/08/2015 6.7500% 26/08/2049

INTESA SANPAOLO SPA 7.7% S/A PERP UV8549403@BGN 500,000.0000 USD 89.850000 449,250.00 2,949,101.62 94.057000 470,285.00 3,221,358.19 80,580.29 0.18 272,256.57

10/09/2015 7.7000% 17/09/2049

STATE BANK OF INDIA/DUBAI 5.5% S/A PERPQZ4824558@BGN 500,000.0000 USD 99.875000 499,375.00 3,378,221.94 100.737000 503,685.00 3,450,141.51 54,941.08 0.19 71,919.57

14/09/2016 5.5000% 22/09/2049

WOORI BANK 4.5% S/A PERP REGS QZ6247188@BGN 500,000.0000 USD 100.394000 501,970.00 3,352,668.13 96.900000 484,500.00 3,318,728.10 42,811.25 0.18 (33,940.03)

20/09/2016 4.5000% 27/09/2049

CHONG HING BANK LTD 6.5% S/A PERP EK4932639@BGN 1,500,000.0000 USD 104.250000 1,563,750.00 10,612,979.15 103.440000 1,551,600.00 10,628,149.68 189,225.73 0.59 15,170.53

18/09/2014 6.5000% 29/09/2049

CHINA CINDA ASSET MANAGEMENT CO QZ6141886@BGNLTD 4.45% A PERP 250,000.0000 USD 99.481248 248,703.12 1,665,255.83 98.001000 245,002.50 1,678,218.12 20,532.75 0.09 12,962.29

23/09/2016 4.4500% 30/09/2049

NWD FINANCE BVI LTD 5.75% S/A PERP QZ6974914@BGN 1,000,000.0000 USD 100.760869 1,007,608.69 6,773,498.24 99.852000 998,520.00 6,839,662.30 100,653.98 0.38 66,164.06

27/09/2016 5.7500% 05/10/2049

CENTRAL PLAZA DEVELOPMENT LTD 8.375%EJ6083228@BGN S/A PERP REGS 1,500,000.0000 USD 107.062500 1,605,937.50 10,733,241.41 104.727000 1,570,905.00 10,760,385.07 212,736.23 0.59 27,143.66

25/03/2013 8.3750% 08/10/2049

CHINA CITIC BANK INTL LTD 7.25% S/A PERPEK1629394@BGN 2,750,000.0000 USD 107.005372 2,942,647.73 19,775,426.12 105.566000 2,903,065.00 19,885,414.64 284,516.44 1.10 109,988.52

10/04/2014 7.2500% 22/10/2049

AHLI UNITED BANK BSC 6.875% S/A PERP EK8585219@BGN 250,000.0000 USD 103.975000 259,937.50 1,615,199.63 101.252000 253,130.00 1,733,889.87 22,238.08 0.10 118,690.24

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09/01/2017 14:57:27 14/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

22/04/2015 6.8750% 29/10/2049

ROYAL CAPITAL BV 5.5% S/A PERP UV5436463@BGN 1,000,000.0000 USD 102.225000 1,022,250.00 6,713,192.42 102.905000 1,029,050.00 7,048,786.69 64,882.81 0.39 335,594.27

18/08/2015 5.5000% 05/11/2049

SMC GLOBAL POWER HLDGS CORP 7.5% EK2345354@BGNS/A PERP 500,000.0000 USD 107.695000 538,475.00 3,589,366.65 104.731000 523,655.00 3,586,932.02 42,811.25 0.20 (2,434.63)

29/04/2014 7.5000% 07/11/2049

BANK DHOFAR SAOG 6.85% S/A PERP EK7506919@BGN 250,000.0000 USD 99.950000 249,875.00 1,549,175.02 100.691000 251,727.50 1,724,283.03 13,033.66 0.10 175,108.01

19/05/2015 6.8500% 27/11/2049

BANK OF EAST ASIA LTD 5.5% S/A PERP QJ9359762@BGN 1,750,000.0000 USD 101.377778 1,774,111.11 11,861,240.46 96.791000 1,693,842.50 11,602,482.36 64,097.96 0.64 (258,758.10)

25/11/2015 5.5000% 02/12/2049

CENTRAL PLAZA DEVELOPMENT LTD 7.125%EK6250121@BGN S/A PERP 3,000,000.0000 USD 104.454929 3,133,647.86 20,706,256.83 105.677000 3,170,310.00 21,715,989.44 142,347.41 1.20 1,009,732.61

25/11/2014 7.1250% 02/12/2049

INDUSTRIAL & COMMERCIAL BANK OF CHINAEK6421433@BGN LTD 6% A PERP REGS500,000.0000 (PREFERENCE SHARES) USD 103.900000 519,500.00 3,580,030.35 105.579000 527,895.00 3,615,975.17 15,412.05 0.20 35,944.82

03/12/2014 6.0000% 10/12/2049

AUSTRALIA & NEW ZEALAND BANKING LW3759302@BGNGROUP LTD/UK 6.75% 3,000,000.0000 S/A PERP REGS USD 108.135729 3,244,071.87 21,710,620.12 106.342000 3,190,260.00 21,852,642.95 84,766.28 1.21 142,022.83

07/06/2016 6.7500% 15/12/2049

BAOXIN AUTO FINANCE I LTD 8.75% S/A PERPAL1336588@BGN 250,000.0000 USD 99.355000 248,387.50 1,717,425.69 102.702000 256,755.00 1,758,720.40 9,156.88 0.10 41,294.71

08/12/2016 8.7500% 15/12/2049

CHINA CONSTRUCTION BANK CORP 4.65%JV1710997@BGN A PERP (NON-CUMU LATIVE500,000.0000 PERPETUAL OFFSHORE USD PREFERENCE 102.250000 SHARE) 511,250.00 3,462,594.00 101.230000 506,150.00 3,467,026.27 9,290.04 0.19 4,432.27

09/12/2015 4.6500% 16/12/2049

BHP BILLITON FINANCE USA LTD 6.25% S/AQJ2018118@BGN 19OCT2075 RE GS 500,000.0000 USD 108.125000 540,625.00 3,656,873.12 109.286000 546,430.00 3,742,936.21 46,378.83 0.21 86,063.09

14/10/2015 6.2500% 19/10/2075

1,464,531,079.75 1,542,045,723.61 30,717,441.00 85.11 77,514,643.86

SUBTOTAL 1,542,045,723.61 30,717,441.00 85.11 77,514,643.86

Liquid Assests & Accruals

Bank Balance

AUD CASH AC - BANK OF CHINA (HK) AUD 1,788,947.30 9,508,251.69 1,788,947.30 8,946,595.18 0.49 (561,656.51)

CNY CASH A/C BOC CNY 12,286,642.17 12,286,642.17 12,286,642.17 12,286,642.17 0.68 0.00

HKD CASH AC - BANK OF CHINA (HK) HKD 7,554,607.01 6,079,386.92 7,554,607.01 6,672,195.56 0.37 592,808.64

Page 12 of 16

09/01/2017 14:57:27 15/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

USD CASH AC - BANK OF CHINA (HK) USD 3,431,403.82 130,934,889.95 3,431,403.82 23,504,429.89 1.30 (107,430,460.06)

158,809,170.73 SUBTOTAL 51,409,862.80 0.00 2.84 (107,399,307.93)

Cash Accrual (Dividend receivable/Unsettled trades)

CNY CASH A/C BOC CNY 10,505,586.40 10,505,586.40 10,505,586.40 10,505,586.40 0.58 0.00

USD CASH AC - BANK OF CHINA (HK) USD (2,703,770.84) (18,644,877.68) (2,703,770.84) (18,520,289.50) (1.02) 124,588.18

Interest on unsettled sell trade CNY 143,646.00 143,646.00 143,646.00 143,646.00 0.01 0.00

(7,995,645.28) SUBTOTAL (7,871,057.10) 0.00 (0.43) 124,588.18

Other Liquidity

Subscription in transit CNY 2,920.00 2,920.00 2,920.00 2,920.00 0.00 0.00

Subscription in transit HKD 399,016.01 352,409.18 399,016.01 352,409.18 0.02 0.00

Subscription in transit USD 97,560.98 668,273.20 97,560.98 668,273.20 0.04 0.00

Prov for CD/bond int (unsettled trade) USD (21,587.33) (147,868.89) (21,587.33) (147,868.89) (0.01) 0.00

Management fee rebate receivable USD 2,892.45 19,812.70 2,892.45 19,812.70 0.00 0.00

Redemption payable to unitholders AUD (919,914.25) (4,600,527.02) (919,914.25) (4,600,527.02) (0.25) 0.00

Redemption payable to unitholders CNY (6,764,767.68) (6,764,767.68) (6,764,767.68) (6,764,767.68) (0.37) 0.00

Redemption payable to unitholders HKD (785,856.13) (694,064.66) (785,856.13) (694,064.66) (0.04) 0.00

Redemption payable to unitholders USD (230,115.96) (1,576,248.30) (230,115.96) (1,576,248.30) (0.09) 0.00

Dividend payable to unitholders AUD (64,937.75) (324,756.22) (64,937.75) (324,756.22) (0.02) 0.00

Dividend payable to unitholders CNY (15,831,974.00) (15,831,974.00) (15,831,974.00) (15,831,974.00) (0.87) 0.00

Dividend payable to unitholders HKD (4,442,341.97) (3,923,456.81) (4,442,341.97) (3,923,456.81) (0.22) 0.00

Dividend payable to unitholders USD (414,920.68) (2,842,123.67) (414,920.68) (2,842,123.67) (0.16) 0.00

Investment management fee payable CNY (1,976,116.23) (1,976,116.23) (1,976,116.23) (1,976,116.23) (0.11) 0.00

Trustee fee payable CNY (193,327.88) (193,327.88) (193,327.88) (193,327.88) (0.01) 0.00

Investment handling fee payable CNY (6,320.00) (6,320.00) (6,320.00) (6,320.00) 0.00 0.00

Audit fee payable CNY (63,590.82) (63,590.82) (63,590.82) (63,590.82) 0.00 0.00

FEL / Secondary commission payable AUD (193.55) (967.95) (193.55) (967.95) 0.00 0.00

FEL / Secondary commission payable HKD (1,455.99) (1,285.92) (1,455.99) (1,285.92) 0.00 0.00

Page 13 of 16

09/01/2017 14:57:27 16/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund Port Currency : CNY

Trustee fee payable (current dealing day) CNY (5,287.60) (5,287.60) (5,287.60) (5,287.60) 0.00 0.00

Investment management fee payable (current dealing day) CNY (53,774.05) (53,774.05) (53,774.05) (53,774.05) 0.00 0.00

(37,963,042.62) SUBTOTAL (37,963,042.62) 0.00 (2.09) 0.00

Page 14 of 16

09/01/2017 14:57:27 17/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund

Forward Exchange Transactions UNREALISED BUY CCY/ TRAN RATE/ BUY/SELL ORIG CURR PORT CURR BUY /SELL UNREALISED PORT CURR ACCR INT %OF P/L TRADE DATE SETTLEDATE CLASS CODE SELL CCY FWD RATE AMOUNT BOOK COST BOOK COST MKT VALUE P/L MKT VALUE PORT CCY TOTAL PORT CCY

28/12/2016 29/12/2017 N/A CNY 7.28100 104,846,400.00 103,525,200.00 1,321,200.00 1,321,200.00

SELL-USD 0.13734 (14,400,000.00) (14,400,000.00)

28/12/2016 26/01/2017 N/A CNY 7.01440 45,593,600.00 44,850,866.67 742,733.33 742,733.33

SELL-USD 0.14256 (6,500,000.00) (6,500,000.00)

28/12/2016 26/01/2017 N/A CNY 7.01320 176,031,320.00 173,193,346.67 2,837,973.33 2,837,973.33

SELL-USD 0.14259 (25,100,000.00) (25,100,000.00)

28/12/2016 31/03/2017 N/A CNY 7.08770 223,971,320.00 220,858,720.00 3,112,600.00 3,112,600.00

SELL-USD 0.14109 (31,600,000.00) (31,600,000.00)

28/12/2016 30/06/2017 N/A CNY 7.15870 226,214,920.00 223,230,124.44 2,984,795.56 2,984,795.56

SELL-USD 0.13969 (31,600,000.00) (31,600,000.00)

28/12/2016 29/09/2017 N/A CNY 7.21520 228,000,320.00 225,215,306.67 2,785,013.33 2,785,013.33

SELL-USD 0.13860 (31,600,000.00) (31,600,000.00)

28/12/2016 29/12/2017 N/A CNY 7.27520 125,133,440.00 123,655,100.00 1,478,340.00 1,478,340.00

SELL-USD 0.13745 (17,200,000.00) (17,200,000.00)

03/01/2017 26/01/2017 N/A USD 0.14257 5,988,023.95 6,087,001.44 (98,977.49) (682,957.88)

SELL-CNY 7.01400 (42,000,000.00) (42,000,000.00)

04/01/2017 26/01/2017 N/A USD 0.14287 131,000.00 132,891.94 (1,891.94) (13,054.64)

SELL-CNY 6.99960 (916,947.60) (916,947.60)

28/12/2016 25/01/2017 D AUD 0.19791 3,476,000.00 3,476,000.00

SELL-CNY 5.05280 (17,563,532.80) (17,496,576.75) (66,956.05) (66,956.05)

28/12/2016 26/01/2017 F USD 0.14256 6,369,000.00 6,369,000.00

SELL-CNY 7.01460 (44,675,987.40) (43,946,949.20) (729,038.20) (729,038.20)

868,233,084.28 0.00 0.00 0 13,770,648.78

1,793,468,890.87 1,763,027,508.59 34,772,188.33 97 (16,814,379.50)

SUMMARY

Total Book Cost: 1,680,762,054.04 92.78%

Cost Adjustment: 0.00 0.00%

Unrealized Gain: 79,614,775.46 4.39%

Page 15 of 16

09/01/2017 14:57:27 18/44 VALUATION OF INVESTMENT AS AT 06 Jan 2017 BOCHK All Weather China High Yield Bond Fund

Unrealized Loss: (2,925,083.99) (0.16%)

Mkt Value of Investment: 1,757,451,745.51 97.01%

Tax Provision: 0.00 0.00%

Tax Provision (AI): 0.00 0.00%

Cash and accurals, A.I, FX Fwd: 54,118,600.19 2.99%

NAV: 1,811,570,345.70 100.00%

Total Mkt Value (Portf ccy) for HKD item: 2,405,797.35 0.00 0.14%

***CAUTION: This report may not reflect stock availability***

Exchange Rate Used

CNY/AUD 0.1999584494

CNY/HKD 1.1322520369

INR/CNY 0.1007861544

USD/CNY 6.8498000015

Page 16 of 16

09/01/2017 14:57:27 19/44 Security Price Check List Prepared by: ______Checked by: ______As of Date: 06/01/2017

Portfolio Code: BOCHK AWRMB HYBD - BOCHK ALL WEATHER CHINA HIGH YIELD BOND FUND Print Date/Time: 09/01/2017 14:56:55 Price Source: Logical-07 - Logical-07 Close-BGN,HSBC CNH,BVAL,BFV,IDC (BOCHK) Price Type: CLOSE User ID: VincentM

As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

Mutual Fund/UT

LX.BOCRFIF BOC (EUROPE) UCITS 4VNX1T5 LU1357031175 94.7540000000 05/01/2017 94.7540000000 05/01/2017 0.0000% SICAV-RQFII FIXED INCOME FUND-I RMB (ACCUMULATION) LX.RDHYCDU RED ARC GLOBAL INVESTMENTS BQ26FN5 LU1101254024 RDHYCDU LX 103.6600000000 05/01/2017 103.6600000000 05/01/2017 0.0000% SICAV - BOCHK RMB HIGH YIELD BOND FUND-CD USD HEDGED

Bond

AGILE1702%6.5 AGILE GROUP HLDGS LTD 6.5% BK1PJ73 XS1038308695 EK0886045@BGN 99.5020000000 06/01/2017 99.4370000000 05/01/2017 0.0654% S/A 28FEB2017 AGILE1703%9.875 AGILE GROUP HLDGS LTD B79MWH6 XS0756437132 EJ0742589@BGN 101.2820000000 06/01/2017 101.2680000000 05/01/2017 0.0138% 9.875% S/A 20MAR2017 AGILE1902%8.375 AGILE GROUP HLDGS LTD BJVD3W3 XS1022604570 EK0668492@BGN 104.4220000000 06/01/2017 104.4970000000 05/01/2017 -0.0718% 8.375% S/A 18FEB2019 ANZPERP%6.75 AUSTRALIA & NEW ZEALAND BDHBFC3 USQ08328AA64 LW3759302@BGN 106.3420000000 06/01/2017 106.2330000000 05/01/2017 0.1026% BANKING GROUP LTD/UK 6.75% S/A PERP REGS ASRIIJ2003%6.95 ALAM SYNERGY PTE LTD 6.95% B9L5WL1 USY00371AA53 EJ6055713@BGN 102.6600000000 06/01/2017 102.4040000000 05/01/2017 0.2500% S/A 27MAR2020 REGS AUBBIPERP%6.875 AHLI UNITED BANK BSC 6.875% BX1BC73 XS1133289832 EK8585219@BGN 101.2520000000 06/01/2017 101.0880000000 05/01/2017 0.1622% S/A PERP BEIPRO1811%5.5 PROFIT FAST LTD 5.5% S/A BD5ZR65 XS1309476544 QJ7140008@BGN 102.3380000000 06/01/2017 102.2640000000 05/01/2017 0.0724% 19NOV2018 BHP7510%6.25 BHP BILLITON FINANCE USA LTD BYZTSG1 USQ12441AA19 QJ2018118@BGN 109.2860000000 06/01/2017 108.8770000000 05/01/2017 0.3757% 6.25% S/A 19OCT2075 REGS BHRAIN2601%7 BAHRAIN GOVERNMENT INTL BYSZ800 XS1324931895 QJ8338262@BGN 105.5170000000 06/01/2017 105.3090000000 05/01/2017 0.1975% BOND 7% S/A 26JAN2026 REGS BJCAPT1702%5.75 CENTRAL PLAZA DEVELOPMENT BJVX8F1 HK0000185816 EK0694050@BGN 100.0000000000 06/01/2017 99.5410000000 05/01/2017 0.4611% LTD 5.75% S/A 17FEB2017 BJCAPTPERP%7.125 CENTRAL PLAZA DEVELOPMENT BSVY705 XS1144953442 EK6250121@BGN 105.6770000000 06/01/2017 105.7770000000 05/01/2017 -0.0945% LTD 7.125% S/A PERP BJCAPTPERP%8.375 CENTRAL PLAZA DEVELOPMENT B943881 XS0910884955 EJ6083228@BGN 104.7270000000 06/01/2017 104.7490000000 05/01/2017 -0.0210% LTD 8.375% S/A PERP REGS BKDBOMPERP%6.85 BANK DHOFAR SAOG 6.85% S/A BY4T4Q4 XS1233710380 EK7506919@BGN 100.6910000000 06/01/2017 100.6580000000 05/01/2017 0.0328% PERP BNKEAPERP%5.5 BANK OF EAST ASIA LTD 5.5% BYWKM32 XS1326527246 QJ9359762@BGN 96.7910000000 06/01/2017 96.6020000000 05/01/2017 0.1956% S/A PERP

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As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

BOCOMPERP%5 BANK OF COMMUNICATIONS CO BYY9L07 XS1257592037 UV2912706@BGN 102.3880000000 06/01/2017 102.2700000000 05/01/2017 0.1154% LTD 5% A PERP (PREFERENCE SHARES) BRCOL2001%6.6 PROVINCE OF BRITISH BD8F5Q8 XS1487470244 QZ4143082@BGN 102.6930000000 06/01/2017 102.7660000000 05/01/2017 -0.0710% COLUMBIA CANADA 6.6% S/ A 09JAN2020 REGS BTSDF2106%7.25 BIOSTIME INTL HLDGS LTD BD3HZG9 USG11259AB79 LW4710692@BGN 105.4480000000 06/01/2017 105.4510000000 05/01/2017 -0.0028% 7.25% S/A 21JUN2021 REGS CAPG1805%10.875 CHINA AOYUAN PROPERTY BY46HF5 XS1221908897 EK9212227@BGN 107.7000000000 06/01/2017 107.7330000000 05/01/2017 -0.0306% GROUP LTD 10.875% S/A 26MAY2018 CAPG1901%11.25 CHINA AOYUAN PROPERTY BJ2PNF1 XS1014666124 EK0207432@BGN 106.1110000000 06/01/2017 106.1150000000 05/01/2017 -0.0038% GROUP LTD 11.25% S/A 17JAN2019 CAPG2001%6.35 CHINA AOYUAN PROPERTY BDRJQ79 XS1543555533 AM0187345@BGN 100.7830000000 06/01/2017 100.0000000000 05/01/2017 0.7830% GROUP LTD 6.35% S/A 11JAN2020 CARINC2002%6.125 CAR INC 6.125% S/A 04FEB2020 BVTM092 XS1163232900 EK7252191@BGN 104.9160000000 06/01/2017 104.8750000000 05/01/2017 0.0391% REGS CARINC2102%6 CAR INC 6% S/A 11FEB2021 BY9CHZ8 XS1266590089 UV4266440@BGN 104.9630000000 06/01/2017 104.9470000000 05/01/2017 0.0152%

CCAMCLPERP%4.45 CHINA CINDA ASSET BD5BWC4 XS1496760239 QZ6141886@BGN 98.0010000000 06/01/2017 97.9380000000 05/01/2017 0.0643% MANAGEMENT CO LTD 4.45% A PERP CCBPERP%4.65 CHINA CONSTRUCTION BANK BYPHDK4 XS1328130197 JV1710997@BGN 101.2300000000 06/01/2017 101.3370000000 05/01/2017 -0.1056% CORP 4.65% A PERP (NON-CUMULATIVE PERPETUAL OFFSHORE PREFERENCE SHARE) CEFCIG1811%5.95 WISE SOURCE INTL LTD 5.95% BYVMJN8 XS1508951891 AL3188185@BGN 99.9030000000 06/01/2017 99.8540000000 05/01/2017 0.0491% S/A 25NOV2018 CENCHI1806%6.5 CENTRAL CHINA REAL ESTATE BB2BGL0 XS0937236783 EJ6898443@BGN 101.6970000000 06/01/2017 101.6870000000 05/01/2017 0.0098% LTD 6.5% S/A 04JUN2018 CENCHI2101%8.75 CENTRAL CHINA REAL ESTATE BWWD6H9 XS1219965297 EK8582273@BGN 107.5180000000 06/01/2017 107.6400000000 05/01/2017 -0.1133% LTD 8.75% S/A 23JAN2021 CHALUMPERP%5.7 CHALIECO HONG KONG CORP BYXSNM1 XS1523969530 AL2992686@BGN 102.4320000000 06/01/2017 102.0890000000 05/01/2017 0.3360% LTD 5.7% S/A PERP REGS CHGRAUPPERP%8.75 BAOXIN AUTO FINANCE I LTD BYMJ7Y5 XS1519630484 AL1336588@BGN 102.7020000000 06/01/2017 102.1080000000 05/01/2017 0.5817% 8.75% S/A PERP CHINSC2007%10 CHINA SCE PROPERTY HLDGS BYW7448 XS1241497384 EK9970469@BGN 111.0510000000 06/01/2017 110.8560000000 05/01/2017 0.1759% LTD 10% S/A 02JUL2020 CHIOIL1804%5.25 CHINA OIL AND GAS GROUP LTD B84M2P6 USG2115XAA66 EJ6280469@BGN 101.5880000000 06/01/2017 101.5620000000 05/01/2017 0.0256% 5.25% S/A 25APR2018 REGS

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As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

CHIOIL2005%5 CHINA OIL AND GAS GROUP LTD BSJCNJ2 XS1132375897 EK5800645@BGN 101.8190000000 06/01/2017 101.8620000000 05/01/2017 -0.0422% 5% S/A 07MAY2020 CHOHINPERP%6.5 CHONG HING BANK LTD 6.5% BQXWQ06 XS1107229582 EK4932639@BGN 103.4400000000 06/01/2017 103.3060000000 05/01/2017 0.1297% S/A PERP CIFIHG1901%8.875 CIFI HLDGS GROUP CO LTD BJ5B2D7 XS1021801193 EK0359050@BGN 104.7210000000 06/01/2017 104.7400000000 05/01/2017 -0.0181% 8.875% S/A 27JAN2019 CIFIHG2006%7.75 CIFI HLDGS GROUP CO LTD BYMT9X8 XS1160444391 EK9396764@BGN 107.8650000000 06/01/2017 107.8770000000 05/01/2017 -0.0111% 7.75% S/A 05JUN2020 CIKLIS2609%4.95 LISTRINDO CAPITAL BV 4.95% BDDW4H8 USN5276YAD87 QZ4930843@BGN 99.0690000000 06/01/2017 98.9330000000 05/01/2017 0.1375% S/A 14SEP2026 REGS CINDBKPERP%7.25 CHINA CITIC BANK INTL LTD BLP57Z0 XS1055321993 EK1629394@BGN 105.5660000000 06/01/2017 105.4530000000 05/01/2017 0.1072% 7.25% S/A PERP COGARD1905%7.875 COUNTRY GARDEN HLDGS CO BMP1YG5 USG24524AJ24 EK2803717@BGN 105.2500000000 06/01/2017 105.2510000000 05/01/2017 -0.0010% LTD 7.875% S/A 27MAY2019 REGS COGARD2104%7.25 COUNTRY GARDEN HLDGS CO BCRW3Z8 USG24524AH67 EJ8561106@BGN 105.2600000000 06/01/2017 105.3120000000 05/01/2017 -0.0494% 7.25% S/A 04APR2021 REGS CSCHCN1901%8.25 CHINA SOUTH CITY HLDGS LTD BJ5Z950 XS1008223858 EK0363250@BGN 104.0420000000 06/01/2017 103.8140000000 05/01/2017 0.2196% 8.25% S/A 29JAN2019 DALWAN2401%7.25 WANDA PROPERTIES INTL CO BJ8RZW2 XS1023280271 EK0434986@BGN 108.1940000000 06/01/2017 108.2910000000 05/01/2017 -0.0896% LTD 7.25% S/A 29JAN2024 DEGREE2106%7.25 361 DEGREES INTL LTD 7.25% BD97455 XS1415758991 LW1544128@BGN 107.2760000000 06/01/2017 107.3440000000 05/01/2017 -0.0633% S/A 03JUN2021 DIALIN2202%6.125 DELHI INTL AIRPORT PVT LTD BVS32X4 XS1165980274 EK7210769@BGN 106.4110000000 06/01/2017 106.2110000000 05/01/2017 0.1883% 6.125% S/A 03FEB2022 EHICAR1812%7.5 EHI CAR SERVICES LTD 7.5% BYVTC63 USG2952LAA82 AH0217341@BGN 105.7450000000 06/01/2017 105.7250000000 05/01/2017 0.0189% S/A 08DEC2018 REGS FANHAI1909%11.75 OCEANWIDE REAL ESTATE INTL BQQF5M7 XS1106299586 EK4654126@BGN 110.1570000000 06/01/2017 110.1730000000 05/01/2017 -0.0145% HLDGS CO LTD 11.75% S/A 08SEP2019 FANHAI2008%9.625 OCEANWIDE HLDGS INTL 2015 BYR5YD6 XS1269824964 UV4391396@BGN 109.1370000000 06/01/2017 109.0690000000 05/01/2017 0.0623% CO LTD 9.625% S/A 11AUG2020 FMGAU2204%6.875 FMG RESOURCES AUGUST 2006 B77NTD6 USQ3919KAF86 EJ0962708@BGN 104.0440000000 06/01/2017 103.9480000000 05/01/2017 0.0924% PTY LTD 6.875% S/A 01APR2022 REGS FOSUNI2001%6.875 SPARKLE ASSETS LTD 6.875% B95WPK8 XS0878012334 EJ5284355@BGN 103.6020000000 06/01/2017 103.7320000000 05/01/2017 -0.1253% S/A 30JAN2020 FTHDGR1709%13.75 FANTASIA HLDGS GROUP CO LTD B8CTG80 XS0833000861 EJ3721564@BGN 107.2000000000 06/01/2017 107.2090000000 05/01/2017 -0.0084% 13.75% S/A 27SEP2017 FTHDGR1901%10.625 FANTASIA HLDGS GROUP CO LTD BJ4WY91 XS1017606853 EK0313651@BGN 105.8110000000 06/01/2017 105.8130000000 05/01/2017 -0.0019% 10.625% S/A 23JAN2019

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As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

FTHDGR1905%9.5 FANTASIA HLDGS GROUP CO LTD BYYLKQ2 HK0000293735 JK9194875@BGN 100.6960000000 06/01/2017 100.6020000000 05/01/2017 0.0934% 9.5% S/A 04MAY2019 FUTLAN1711%6.25 FUTURE LAND DEVELOPMENT BYNW8M8 XS1318304166 QJ6542196@BGN 101.8140000000 06/01/2017 101.7250000000 05/01/2017 0.0875% HLDGS LTD 6.25% S/A 12NOV2017 FUTLAN1907%10.25 FUTURE LAND DEVELOPMENT BP84HP2 XS1086808570 EK3840965@BGN 108.2380000000 06/01/2017 108.2990000000 05/01/2017 -0.0563% HLDGS LTD 10.25% S/A 21JUL2019 GARUDA2006%5.95 GARUDA INDONESIA GLOBAL BYQDZN8 XS1238157181 EK9215709@BGN 103.0880000000 06/01/2017 102.9030000000 05/01/2017 0.1798% SUKUK LTD 5.95% S/A 03JUN2020 GCX1908%7 GCX LTD 7% S/A 01AUG2019 BPH3HG1 USG37767AA13 EK4070000@BGN 99.5720000000 06/01/2017 99.5660000000 05/01/2017 0.0060% REGS GERGHK2305%4.625 GOLDEN EAGLE RETAIL GROUP B9B31H4 USG3958RAB53 EJ6788180@BGN 87.3240000000 06/01/2017 87.0240000000 05/01/2017 0.3447% LTD 4.625% S/A 21MAY2023 REGS GKOLN1908%8 GREENKO DUTCH BV 8% S/A BPH3K73 USN3700LAA37 EK3281848@BGN 106.2500000000 06/01/2017 106.0190000000 05/01/2017 0.2179% 01AUG2019 REGS GNPIN2108%4.5 GLENMARK PHARMACEUTICALS BZCQQ91 XS1456577334 LW9206399@BGN 100.0530000000 06/01/2017 99.9480000000 05/01/2017 0.1051% LTD 4.5% S/A 02AUG2021 GRNCH1903%8 GREENTOWN CHINA HLDGS LTD BDZR987 XS0973119273 EJ8376828@BGN 104.9960000000 06/01/2017 104.9990000000 05/01/2017 -0.0029% 8% S/A 24MAR2019 GRNCHPERP%9 MOON WISE GLOBAL LTD 9% S/A BJ7B9Z6 XS1020406606 EK0359175@BGN 108.8160000000 06/01/2017 108.8750000000 05/01/2017 -0.0542% PERP GUOSEN1704%6.4 GUOSEN SECURITIES OVERSEAS BLY1N28 HK0000196698 EK1817833@BGN 99.5700000000 06/01/2017 99.6710000000 05/01/2017 -0.1013% CO LTD 6.4% S/A 24APR2017 GWTH1712%9.5 GOLDEN WHEEL TIANDI HLDGS BYY2XB1 XS1329465311 AH0081424@BGN 102.4470000000 06/01/2017 102.4470000000 05/01/2017 0.0000% CO LTD 9.5% S/A 08DEC2017 GZRFPR1901%8.5 TRILLION CHANCE LTD 8.5% S/A BHZGLW0 XS1009853141 EK0111212@BGN 104.2500000000 06/01/2017 104.2500000000 05/01/2017 0.0000% 10JAN2019 GZRFPR2001%8.75 CAIFU HLDGS LTD 8.75% S/A B7Y0K82 XS0878016673 EJ5184035@BGN 104.6080000000 06/01/2017 104.6290000000 05/01/2017 -0.0201% 24JAN2020 REGS HAIAIR1705%6.25 HAINAN AIRLINES HONG KONG BMP34X8 SG6QD4000001 EK2563410@BGN 99.1660000000 06/01/2017 99.2150000000 05/01/2017 -0.0494% CO LTD 6.25% S/A 22MAY2017 HAISEC1705%5.8 UNICAN LTD 5.8% S/A BMW3CN7 HK0000201548 EK2846633@BGN 99.6970000000 06/01/2017 99.7100000000 05/01/2017 -0.0130% 30MAY2017 HONAIR1901%6.9 BLUE SKY FLIERS CO LTD 6.9% BYZLCH6 XS1331758737 JV5913266@BGN 101.7480000000 06/01/2017 101.6150000000 05/01/2017 0.1309% S/A 20JAN2019 HTGLOB2107%7 HT GLOBAL IT SOLUTIONS BD0R6P8 USV4256QAA95 LW8103324@BGN 103.7590000000 06/01/2017 103.8610000000 05/01/2017 -0.0982% HLDGS LTD 7% S/A 14JUL2021 REGS

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As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

ICBCAS1809%3.2 INDUSTRIAL & COMMERCIAL BD30160 XS1489172483 QZ4978529@BGN 97.5960000000 06/01/2017 97.5810000000 05/01/2017 0.0154% BANK OF CHINA LTD/SINGAPORE 3.2% S/A 19SEP2018 ICBCASPERP%6A INDUSTRIAL & COMMERCIAL BTC0J70 USY39656AA40 EK6421433@BGN 105.5790000000 06/01/2017 105.5910000000 05/01/2017 -0.0114% BANK OF CHINA LTD 6% A PERP REGS (PREFERENCE SHARES) ICTPMPERP%5.5 ROYAL CAPITAL BV 5.5% S/A BYX0ND8 XS1277581077 UV5436463@BGN 102.9050000000 06/01/2017 102.9350000000 05/01/2017 -0.0291% PERP IDOTHK1805%6.25 IT LTD 6.25% S/A 15MAY2018 B96WKL3 XS0929021375 EJ6701803@BGN 97.9930000000 06/01/2017 97.9580000000 05/01/2017 0.0357%

ISPIMPERP%7.7 INTESA SANPAOLO SPA 7.7% S/A BYNPNW2 US46115HAU14 UV8549403@BGN 94.0570000000 06/01/2017 94.5710000000 05/01/2017 -0.5435% PERP JSTLIN1911%4.75 JSW STEEL LTD 4.75% S/A BSKRHY9 XS1133588233 EK5617452@BGN 99.6080000000 06/01/2017 99.4470000000 05/01/2017 0.1619% 12NOV2019 JUBPSG2110%4.875 JUBILANT PHARMA LTD/SG BYXYV47 XS1493722299 QZ6972702@BGN 98.6620000000 06/01/2017 98.3620000000 05/01/2017 0.3050% 4.875% S/A 06OCT2021 KIJAIJ1909%7.5 JABABEKA INTL BV 7.5% S/A BQXKGS8 USN4717BAC02 EK5006839@BGN 105.8570000000 06/01/2017 105.9120000000 05/01/2017 -0.0519% 24SEP2019 REGS KIJAIJ2310%6.5 JABABEKA INTL BV 6.5% S/A BZ0BDT7 USN4717BAD84 QZ7176725@BGN 100.2060000000 06/01/2017 100.2720000000 05/01/2017 -0.0658% 05OCT2023 REGS KWGPRO1901%8.975 KWG PROPERTY HLDGS LTD BHZY737 XS1014156274 EK0131806@BGN 104.7580000000 06/01/2017 104.7630000000 05/01/2017 -0.0048% 8.975% S/A 14JAN2019 REGS KWGPRO1908%8.25 KWG PROPERTY HLDGS LTD BPQVB86 XS1076700175 EK4121795@BGN 106.4290000000 06/01/2017 106.4990000000 05/01/2017 -0.0657% 8.25% S/A 05AUG2019 KWGPRO2002%8.625 KWG PROPERTY HLDG LTD B96GH69 XS0873646151 EJ5349612@BGN 104.7490000000 06/01/2017 104.7490000000 05/01/2017 0.0000% 8.625% S/A 05FEB2020 REGS KWGPRO2201%6 KWG PROPERTY HLDG LTD 6% BD6W011 XS1545506401 AL9592026@BGN 100.1330000000 06/01/2017 100.4490000000 05/01/2017 -0.3146% S/A 11JAN2022 LAIFN1804%6.875 LAI FUNG HLDGS LTD 6.875% B9LD215 XS0920162855 EJ6433548@BGN 97.9430000000 06/01/2017 98.0010000000 05/01/2017 -0.0592% S/A 25APR2018 LNGFOR1805%6.75 LONGFOR PROPERTIES CO LTD BMSSMR0 XS1068221230 EK2898147@BGN 99.6560000000 06/01/2017 99.8560000000 05/01/2017 -0.2003% 6.75% S/A 28MAY2018 LNGFOR2301%6.75 LONGFOR PROPERTIES CO LTD B827P98 XS0877742105 EJ5255041@BGN 106.2890000000 06/01/2017 106.3440000000 05/01/2017 -0.0517% 6.75% S/A 29JAN2023 LOGPH1712%9.75 LOGAN PROPERTY HLDGS CO LTD BT6STG9 XS1143878517 EK6334040@BGN 105.3680000000 06/01/2017 105.3750000000 05/01/2017 -0.0066% 9.75% S/A 08DEC2017 LOGPH1906%11.25 LOGAN PROPERTY HLDGS CO LTD BN3T4H9 XS1063367509 EK2989102@BGN 108.5980000000 06/01/2017 108.4920000000 05/01/2017 0.0977% 11.25% S/A 04JUN2019 REGS LPKRIJ2204%7 THETA CAPITAL PTE LTD 7% S/A BLG3968 XS1054375446 EK1599266@BGN 105.0710000000 06/01/2017 104.6710000000 05/01/2017 0.3821% 11APR2022 MDLNIJ1908%9.75 MARQUEE LAND PTE LTD 9.75% BPRC3D7 USY58527AA39 EK4129715@BGN 107.2960000000 06/01/2017 107.0840000000 05/01/2017 0.1980% S/A 05AUG2019 REGS

BOCI-Prudential Trustee Ltd. Page 5 of 9 Report ID: GF009

09/01/2017 14:57:27 24/44 Security Price Check List As of Date: 06/01/2017

As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

MEILAN1909%5.25 HAIKOU MEILAN INTL AIRPORT BYZBJP3 XS1485001348 QZ3836264@BGN 100.3660000000 06/01/2017 100.3810000000 05/01/2017 -0.0149% CO LTD 5.25% S/A 06SEP2019 MLPL1807%9.75 PACIFIC EMERALD PTE LTD BCF53V5 XS0955613228 EJ7546470@BGN 105.0440000000 06/01/2017 104.8630000000 05/01/2017 0.1726% 9.75% S/A 25JUL2018 MOLAND1907%12.75 MODERN LAND CHINA CO LTD BPH3MS8 XS1090957025 EK4051463@BGN 110.2910000000 06/01/2017 110.2930000000 05/01/2017 -0.0018% 12.75% S/A 31JUL2019 MOLAND1910%6.875 MODERN LAND CHINA CO LTD BDHZK42 XS1494003624 QZ8848793@BGN 97.9100000000 06/01/2017 97.7500000000 05/01/2017 0.1637% 6.875% S/A 20OCT2019 MONGOL2104%10.875 MONGOLIA GOVERNMENT INTL BYZC150 US60937GAD88 JK6100198@BGN 107.8760000000 06/01/2017 107.5500000000 05/01/2017 0.3031% BOND 10.875% S/A 06APR2021 REGS MPEL2102%5 MCE FINANCE LTD 5% S/A B84WQS7 USG59301AB01 EJ5365964@BGN 101.1070000000 06/01/2017 100.9940000000 05/01/2017 0.1119% 15FEB2021 REGS MPMXIJ1909%6.75 MPM GLOBAL PTE LTD 6.75% S/A BQT49P2 XS1109694221 EK4801065@BGN 103.2900000000 06/01/2017 103.0110000000 05/01/2017 0.2708% 19SEP2019 MSSIN2112%4.875 SAMVARDHANA MOTHERSON BZ6CZ21 XS1428468885 LW3761456@BGN 100.9440000000 06/01/2017 100.8470000000 05/01/2017 0.0962% AUTOMOTIVE SYSTEMS GROUP BV 4.875% S/A 16DEC2021 NSBLK1809%8.875 NATIONAL SAVINGS BANK BDX86V4 USY62526AA99 EJ8344206@BGN 106.6220000000 06/01/2017 106.4580000000 05/01/2017 0.1541% 8.875% S/A 18SEP2018 REGS NWDEVLPERP%5.75 NWD FINANCE BVI LTD 5.75% BZ0BDC0 XS1497605805 QZ6974914@BGN 99.8520000000 06/01/2017 100.3340000000 05/01/2017 -0.4804% S/A PERP OLAMSPPERP%5.35 OLAM INTL LTD 5.35% S/A PERP BZ4TSZ8 XS1452359521 LW8764257@BGN 97.5060000000 06/01/2017 97.2390000000 05/01/2017 0.2746%

ORIEAS1701%4.1 STARWAY ASSETS ENTERPRISES BJ579Y5 HK0000181906 EK0287962@BGN 99.7260000000 06/01/2017 99.6630000000 05/01/2017 0.0632% INC 4.1% S/A 22JAN2017 PCORPMPERP%7.5 PETRON CORP 7.5% S/A PERP B9GHJV1 XS0879849312 EJ5369677@BGN 104.8520000000 06/01/2017 104.6590000000 05/01/2017 0.1844% REGS PINGIN1701%4.15 VALUE SUCCESS INTL LTD 4.15% BJMZ1C4 HK0000182953 EK0372921@BGN 99.7740000000 06/01/2017 99.7500000000 05/01/2017 0.0241% S/A 29JAN2017 PRKSON1805%4.5 PARKSON RETAIL GROUP LTD B94QBP8 XS0920864708 EJ6467660@BGN 98.6450000000 06/01/2017 98.3790000000 05/01/2017 0.2704% 4.5% S/A 03MAY2018 PWONIJ1907%7.125 PAKUWON PRIMA PTE LTD BNLPX16 XS1079702079 EK3537983@BGN 105.3620000000 06/01/2017 105.1930000000 05/01/2017 0.1607% 7.125% S/A 02JUL2019 PWRLN1811%7.625 POWERLONG REAL ESTATE BZ1MWP8 XS1324204160 QJ8574569@BGN 104.2770000000 06/01/2017 104.2980000000 05/01/2017 -0.0201% HLDGS LTD 7.625% S/A 26NOV2018 PWRLNG1709%10.75 POWERLONG REAL ESTATE BQSV772 XS1110633036 EK4852092@BGN 102.6010000000 06/01/2017 102.3010000000 05/01/2017 0.2933% HLDGS LTD 10.75% S/A 18SEP2017 RCOMIN2011%6.5 RELIANCE COMMUNICATIONS BWT3GJ4 XS1216623022 EK8830185@BGN 101.5530000000 06/01/2017 101.3400000000 05/01/2017 0.2102% LTD 6.5% S/A 06NOV2020

BOCI-Prudential Trustee Ltd. Page 6 of 9 Report ID: GF009

09/01/2017 14:57:27 25/44 Security Price Check List As of Date: 06/01/2017

As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

REDPRO1908%13.75 REDCO PROPERTIES GROUP LTD BPNXGH9 XS1089989385 EK4070497@BGN 107.4990000000 06/01/2017 107.6160000000 05/01/2017 -0.1087% 13.75% S/A 01AUG2019 REPHUN1904%6.25 HUNGARY GOVERNMENT INTL BYV0891 XS1398547130 JK8056034@BGN 101.1930000000 06/01/2017 101.6730000000 05/01/2017 -0.4721% BOND 6.25% S/A 25APR2019 ROADKG1908%5 RKI OVERSEAS FINANCE 2016 A BD1FF76 XS1464929329 QZ1268536@BGN 100.8050000000 06/01/2017 100.7750000000 05/01/2017 0.0298% LTD 5% S/A 09AUG2019 RUYIGR1912%7.5 PRIME BLOOM HLDGS LTD 7.5% BD0XWG9 XS1523057021 AL7221271@BGN 100.3960000000 06/01/2017 100.0240000000 05/01/2017 0.3719% S/A 19DEC2019 SANYPH1812%8.125 HNA GROUP INTL CO LTD BYZ1Y36 XS1259361050 QJ9358749@BGN 104.2450000000 06/01/2017 104.2220000000 05/01/2017 0.0221% 8.125% S/A 03DEC2018 SBIINPERP%5.5 STATE BANK OF INDIA/DUBAI BDGJPM8 XS1492713505 QZ4824558@BGN 100.7370000000 06/01/2017 100.6470000000 05/01/2017 0.0894% 5.5% S/A PERP SHIMAO2001%6.625 SHIMAO PROPERTY HLDGS LTD B88D891 XS0872804207 EJ5037167@BGN 103.3550000000 06/01/2017 103.3820000000 05/01/2017 -0.0261% 6.625% S/A 14JAN2020 SHIMAO2101%8.125 SHIMAO PROPERTY HLDGS LTD BJ3V2P1 XS1013209017 EK0253253@BGN 108.4480000000 06/01/2017 108.3620000000 05/01/2017 0.0794% 8.125% S/A 22JAN2021 SHIMAO2202%8.375 SHIMAO PROPERTY HLDGS LTD BVVJ8D1 XS1157365070 EK7335236@BGN 111.5920000000 06/01/2017 111.5190000000 05/01/2017 0.0655% 8.375% S/A 10FEB2022 SHUION1702%6.875 SHUI ON DEVELOPMENT HLDG BK015Q3 XS1035650818 EK0848938@BGN 99.4980000000 06/01/2017 99.5180000000 05/01/2017 -0.0201% LTD 6.875% S/A 26FEB2017 SHUION1711%8.7 SHUI ON DEVELOPMENT HLDG BSPBVQ6 XS1112153678 EK6075866@BGN 104.2010000000 06/01/2017 104.2020000000 05/01/2017 -0.0010% LTD 8.7% S/A 24NOV2017 SHUION1805%8.7 SHUI ON DEVELOPMENT HLDG BLY1X95 XS1058142081 EK2479047@BGN 105.7600000000 06/01/2017 105.7710000000 05/01/2017 -0.0104% LTD 8.7% S/A 19MAY2018 SHUION1906%9.625 SHUI ON DEVELOPMENT HLDG BN791Y1 XS1074221703 EK3118750@BGN 107.0050000000 06/01/2017 107.0080000000 05/01/2017 -0.0028% LTD 9.625% S/A 10JUN2019 SMCGLPERP%6.75 SMC GLOBAL POWER HLDGS BYM0W09 XS1277512775 UV5270326@BGN 103.2650000000 06/01/2017 103.0280000000 05/01/2017 0.2300% CORP 6.75% S/A PERP SMCGLPERP%7.5 SMC GLOBAL POWER HLDGS BM7S174 XS1061082696 EK2345354@BGN 104.7310000000 06/01/2017 104.6760000000 05/01/2017 0.0525% CORP 7.5% S/A PERP SMCPM2304%4.875 SAN MIGUEL CORP 4.875% S/A B9862H3 XS0921226386 EJ6369320@BGN 99.1710000000 06/01/2017 98.5820000000 05/01/2017 0.5975% 26APR2023 SOLUIJ2002%6.25 PRATAMA AGUNG PTE LTD 6.25% BVXLNP2 XS1179926750 EK7314058@BGN 104.2360000000 06/01/2017 103.9910000000 05/01/2017 0.2356% S/A 24FEB2020 SRILAN1901%6 SRI LANKA GOVERNMENT INTL BHZ7X94 USY8137FAA67 EK0129214@BGN 103.9990000000 06/01/2017 103.9750000000 05/01/2017 0.0231% BOND 6% S/A 14JAN2019 REGS SRILAN2607%6.825 SRI LANKA GOVERNMENT INTL BD0G4F1 USY8137FAF54 LW8500974@BGN 102.6650000000 06/01/2017 102.6040000000 05/01/2017 0.0595% BOND 6.825% S/A 18JUL2026 REGS SRIRJK1904%9 GOLDEN LEGACY PTE LTD 9% BLS10K1 USY2749KAA89 EK1831040@BGN 105.5280000000 06/01/2017 105.2850000000 05/01/2017 0.2308% S/A 24APR2019 REGS

BOCI-Prudential Trustee Ltd. Page 7 of 9 Report ID: GF009

09/01/2017 14:57:27 26/44 Security Price Check List As of Date: 06/01/2017

As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

SRIRJK2106%8.25 GOLDEN LEGACY PTE LTD 8.25% BYT3V26 USY2749KAB62 LW3138606@BGN 105.5400000000 06/01/2017 105.1690000000 05/01/2017 0.3528% S/A 07JUN2021 REGS STAREN2003%6.125 STAR ENERGY GEOTHERMAL B9MDYD0 USG84393AB65 EJ6061315@BGN 103.5270000000 06/01/2017 103.4390000000 05/01/2017 0.0851% WAYANG WINDU LTD 6.125% S/A 27MAR2020 REGS STATSP2011%8.5 STATS CHIPPAC LTD 8.5% S/A BYSXBZ0 USY8162BAH88 QJ8336860@BGN 105.3640000000 06/01/2017 104.9910000000 05/01/2017 0.3553% 24NOV2020 REGS STCITY2012%8.5 STUDIO CITY FINANCE LTD 8.5% B99B2L1 USG85381AA26 EJ4499889@BGN 104.4190000000 06/01/2017 104.2740000000 05/01/2017 0.1391% S/A 01DEC2020 REGS STDCTY1911%5.875 STUDIO CITY CO LTD 5.875% BYWZ7V0 USG8539EAA31 AL4017359@BGN 103.2620000000 06/01/2017 103.2480000000 05/01/2017 0.0136% S/A 30NOV2019 REGS STDCTY2111%7.25 STUDIO CITY CO LTD 7.25% S/A BYX1FM4 USG8539EAB14 AL4017342@BGN 105.0840000000 06/01/2017 105.1910000000 05/01/2017 -0.1017% 30NOV2021 REGS SUNAC1912%8.75 SUNAC CHINA HLDGS LTD 8.75% BT9QF40 XS1144941439 EK6334347@BGN 108.4630000000 06/01/2017 108.4600000000 05/01/2017 0.0028% S/A 05DEC2019 TATAIN2001%4.85 ABJA INVESTMENT CO PTE LTD BPH3KL7 XS1092182606 EK4036332@BGN 101.8520000000 06/01/2017 101.4850000000 05/01/2017 0.3616% 4.85% S/A 31JAN2020 TATAIN2407%5.95 ABJA INVESTMENT CO PTE LTD BPGB9Y8 XS1090889947 EK4036571@BGN 100.0900000000 06/01/2017 99.5230000000 05/01/2017 0.5697% 5.95% S/A 31JUL2024 TBIGIJ2202%5.25 TBG GLOBAL PTE LTD 5.25% S/A BVVJ9V6 XS1165340883 EK7338131@BGN 101.1500000000 06/01/2017 100.8680000000 05/01/2017 0.2796% 02OCT2022 TDBM2005%9.375 TRADE & DEVELOPMENT BANK OF BX8Z1K4 US89253YAA01 EK9127169@BGN 99.1070000000 06/01/2017 97.9150000000 05/01/2017 1.2174% MONGOLIA LLC 9.375% S/A 19MAY2020 REGS TEXTEX1901%6.5 TEXHONG TEXTILE GROUP LTD B8HCRY7 XS0914422059 EJ6227429@BGN 103.2920000000 06/01/2017 103.3260000000 05/01/2017 -0.0329% 6.5% S/A 18JAN2019 TPHL1707%10.375 TIMES PROPERTY HLDGS LTD BP40TW5 XS1084926432 EK3775690@BGN 102.7500000000 06/01/2017 101.0320000000 05/01/2017 1.7005% Chg+1.5% 10.375% S/A 16JUL2017 TPHL1903%12.625 TIMES PROPERTY HLDGS LTD BKS85J9 XS1045993208 EK1180562@BGN 108.2450000000 06/01/2017 108.2500000000 05/01/2017 -0.0046% 12.625% S/A 21MAR2019 TPHL2003%11.45 TIMES PROPERTY HLDGS LTD BW9P5P9 XS1165129476 EK7805865@BGN 112.4270000000 06/01/2017 112.4880000000 05/01/2017 -0.0542% 11.45% S/A 05MAR2020 TSINGH1812%5.25 UNIGROUP INTL HLDGS LTD BYY3DS1 XS1329519265 JV1318247@BGN 102.6800000000 06/01/2017 102.7000000000 05/01/2017 -0.0195% 5.25% S/A 10DEC2018 TSINGH2012%6 UNIGROUP INTL HLDGS LTD 6% BYY34C2 XS1332351169 JV1318239@BGN 105.7070000000 06/01/2017 105.6550000000 05/01/2017 0.0492% S/A 10DEC2020 VAHAU1911%8.5 VIRGIN AUSTRALIA HLDGS LTD BSNH6Q1 USQ94606AE22 EK6037486@BGN 103.8000000000 06/01/2017 103.7120000000 05/01/2017 0.0849% 8.5% S/A 15NOV2019 REGS VAHAU2110%7.875 VIRGIN AUSTRALIA HLDGS LTD BYT3X86 USQ94606AG79 QZ8423118@BGN 101.1470000000 06/01/2017 100.9140000000 05/01/2017 0.2309% 7.875% S/A 15OCT2021 REGS

BOCI-Prudential Trustee Ltd. Page 8 of 9 Report ID: GF009

09/01/2017 14:57:27 27/44 Security Price Check List As of Date: 06/01/2017

As of Date Previous Date

Security Code Description SEDOL ISIN Code Bloomberg Code Price Date Price Date %Chg Warn Susp Local Code

VLLPM2206%7.375 VLL INTL INC 7.375% S/A BZ1FST3 XS1248231299 EK9723967@BGN 106.4520000000 06/01/2017 106.5080000000 05/01/2017 -0.0526% 18JUN2022 WESCHI1909%6.5 WEST CHINA CEMENT LTD 6.5% BQR9QX6 XS1107316041 EK4650587@BGN 104.2260000000 06/01/2017 104.2670000000 05/01/2017 -0.0393% S/A 11SEP2019 WOORIBPERP%4.5 WOORI BANK 4.5% S/A PERP BD0D8R2 US98105HAE09 QZ6247188@BGN 96.9000000000 06/01/2017 96.8640000000 05/01/2017 0.0372% REGS WYNMAC2110%5.25 WYNN MACAU LTD 5.25% S/A BFRBTT2 USG98149AA89 EJ8798104@BGN 101.4770000000 06/01/2017 101.4820000000 05/01/2017 -0.0049% 15OCT2021 REGS XIN1908%8.125 XINYUAN REAL ESTATE CO LTD BDHDRS9 XS1431796215 QZ3307068@BGN 97.3390000000 06/01/2017 97.1640000000 05/01/2017 0.1801% 8.125% S/A 30AUG2019 XINHD1801%6.25 HENGDELI HLDGS LTD 6.25% B91YQR2 XS0875312364 EJ5183532@BGN 101.6950000000 06/01/2017 101.6580000000 05/01/2017 0.0364% S/A 29JAN2018 YUZHOU1901%8.625 YUZHOU PROPERTIES CO LTD BJ57718 XS1021617698 EK0337833@BGN 104.5280000000 06/01/2017 104.5460000000 05/01/2017 -0.0172% 8.625% S/A 24JAN2019 YUZHOU1912%9 YUZHOU PROPERTIES CO LTD 9% BSTJTB7 XS1149696996 EK6334529@BGN 108.5140000000 06/01/2017 108.4570000000 05/01/2017 0.0526% S/A 08DEC2019 YZCOAL2205%5.73 YANCOAL INTL RESOURCES B8BTZG2 USY97279AB28 EJ1924269@BGN 99.7410000000 06/01/2017 99.6080000000 05/01/2017 0.1335% DEVELOPMENT CO LTD 5.73% S/A 16MAY2022 REGS ZHNBND1806%6 ZHONGRONG INTL BOND 2015 BZ0HGP2 XS1243885388 EK9651945@BGN 100.8540000000 06/01/2017 100.8090000000 05/01/2017 0.0446% LTD 6% S/A 15JUN2018 ZOOMLI1704%6.875 ZOOMLION HK SPV CO LTD B7SFLJ1 USY9896RAA96 EJ1128929@BGN 100.7810000000 06/01/2017 100.7890000000 05/01/2017 -0.0079% 6.875% S/A 05APR2017 REGS ZOOMLI2212%6.125 ZOOMLION HK SPV CO LTD B8XB3Q2 USY9896RAB79 EJ4808303@BGN 96.9830000000 06/01/2017 96.5640000000 05/01/2017 0.4339% 6.125% S/A 20DEC2022 REGS

Record Count 160

"#" Security is suspended as of date per Bloomberg data

*** End of Report ***

BOCI-Prudential Trustee Ltd. Page 9 of 9 Report ID: GF009

09/01/2017 14:57:27 28/44 EXCHANGE RATE VARIANCE REPORT -- SPOT RATE BOCHK All Weather China High Yield Bond Fund As of Date : 06/01/2017 Print Date : 09/01/2017 Print Time : 12:38:40

SPOT RATE CURRENT EX-RATE PREVIOUS EX-RATE VARIANCE (05/01/2017) INR/CNY 0.1007861544 0.0998686011 0.92% USD/CNY 6.849800002 6.787200004 0.92% CNY/AUD 0.199958449 0.200812542 -0.43% CNY/HKD 1.132252037 1.142533003 -0.90% CNY/CNY 1 1 0.00%

Page 1 of 1

09/01/2017 14:57:27 29/44 TRIAL BALANCE COMPARISON REPORT BOCHK All Weather China High Yield Bond Fund

Bal as at Bal as at 05/01/2017 Net Change 06/01/2017 Liquid Asset 1000-0000-01 Deposit with bank CNY 0.00 0.00 0.00 1000-0000-01 Deposit with bank USD 0.00 0.00 0.00 1010-0000-02 Custodian Bank A/C - BOCHK AUD 764,947.30 1,024,000.00 1,788,947.30 1010-0000-02 Custodian Bank A/C - BOCHK CNY 3,998,664.34 8,287,977.83 12,286,642.17 1010-0000-02 Custodian Bank A/C - BOCHK HKD 7,217,888.30 336,718.71 7,554,607.01 1010-0000-02 Custodian Bank A/C - BOCHK INR 0.00 0.00 0.00 1010-0000-02 Custodian Bank A/C - BOCHK USD 8,302,402.28 (4,870,998.46) 3,431,403.82

Accruals 0010-0000-01 Exchange equalization AUD (3,407,695.07) 0.00 (3,407,695.07) 0010-0000-01 Exchange equalization CNY 569,980,479.36 (10,500,000.00) 559,480,479.36 0010-0000-01 Exchange equalization HKD (27,109,933.91) 0.00 (27,109,933.91) 0010-0000-01 Exchange equalization INR (72,965,690.00) 0.00 (72,965,690.00) 0010-0000-01 Exchange equalization USD (83,675,981.53) 1,542,303.17 (82,133,678.36) 0020-0000-02 Subscription in transit AUD 0.00 0.00 0.00 0020-0000-02 Subscription in transit CNY 0.00 2,920.00 2,920.00 0020-0000-02 Subscription in transit HKD 293,730.61 105,285.40 399,016.01 0020-0000-02 Subscription in transit USD 0.00 97,560.98 97,560.98 3000-1000-01 Amount due from broker AUD 1,024,000.00 (1,024,000.00) 0.00 3000-1000-01 Amount due from broker CNY 19,910,384.50 (9,410,384.50) 10,500,000.00 3000-1000-01 Amount due from broker HKD 0.00 0.00 0.00 3000-1000-01 Amount due from broker INR 0.00 0.00 0.00 3000-1000-01 Amount due from broker USD 2,847,413.12 (572,662.04) 2,274,751.08 3010-0000-01 Interest receivable on deposits CNY 0.00 0.00 0.00 3010-0000-02 Interest receivable on int bearing sec CNY 0.00 0.00 0.00 3010-0000-02 Interest receivable on int bearing sec USD 0.00 0.00 0.00 3010-0000-03 Dividend receivable USD 16,917.88 (16,917.88) 0.00 3010-2000-01 Prov for CD/bond int (unsettled trade) CNY 55,858.85 (55,858.85) 0.00 3010-2000-01 Prov for CD/bond int (unsettled trade) USD 16,315.08 (37,902.41) (21,587.33) 3010-3000-01 Management fee rebate receivable CNY 0.00 0.00 0.00 3010-3000-01 Management fee rebate receivable USD 2,862.87 29.58 2,892.45 3020-0000-01 Preliminary expenses CNY 0.00 0.00 0.00 3020-0000-04 Prepay publication fee HKD 0.00 0.00 0.00 4000-0000-01 Amount due to broker AUD 0.00 0.00 0.00 4000-0000-01 Amount due to broker CNY (9,070,099.35) 9,070,099.35 0.00 4000-0000-01 Amount due to broker HKD 0.00 0.00 0.00 4000-0000-01 Amount due to broker INR 0.00 0.00 0.00

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09/01/2017 14:57:27 30/44 TRIAL BALANCE COMPARISON REPORT BOCHK All Weather China High Yield Bond Fund

Bal as at Bal as at 05/01/2017 Net Change 06/01/2017 4000-0000-01 Amount due to broker USD (9,161,973.73) 4,183,451.81 (4,978,521.92) 4000-1000-01 Unsettled forward exchange contract AUD 3,476,000.00 0.00 3,476,000.00 4000-1000-01 Unsettled forward exchange contract CNY 1,024,640,438.60 0.00 1,024,640,438.60 4000-1000-01 Unsettled forward exchange contract HKD 0.00 0.00 0.00 4000-1000-01 Unsettled forward exchange contract USD (145,511,976.05) 0.00 (145,511,976.05) 4010-1000-01 Subscription pending for units issuance AUD 0.00 0.00 0.00 4010-1000-01 Subscription pending for units issuance CNY 0.00 0.00 0.00 4010-1000-01 Subscription pending for units issuance HKD 0.00 0.00 0.00 4010-1000-01 Subscription pending for units issuance USD 0.00 0.00 0.00 4010-2000-01 Redemption payable to unitholders AUD (919,914.25) 0.00 (919,914.25) 4010-2000-01 Redemption payable to unitholders CNY (7,165,480.28) 400,712.60 (6,764,767.68) 4010-2000-01 Redemption payable to unitholders HKD (971,400.68) 185,544.55 (785,856.13) 4010-2000-01 Redemption payable to unitholders USD (193,465.78) (36,650.18) (230,115.96) 4010-2010-01 Dividend payable to unitholders AUD (64,937.75) 0.00 (64,937.75) 4010-2010-01 Dividend payable to unitholders CNY (15,831,974.00) 0.00 (15,831,974.00) 4010-2010-01 Dividend payable to unitholders HKD (4,442,341.97) 0.00 (4,442,341.97) 4010-2010-01 Dividend payable to unitholders USD (414,920.68) 0.00 (414,920.68) 4010-3000-01 Investment management fee payable CNY (1,976,116.23) 0.00 (1,976,116.23) 4010-3000-02 Trustee fee payable CNY (193,327.88) 0.00 (193,327.88) 4010-3000-03 Investment handling fee payable CNY (6,240.00) (80.00) (6,320.00) 4010-3000-06 Audit fee payable CNY (63,256.14) (334.68) (63,590.82) 4010-3000-06 Audit fee payable USD 0.00 0.00 0.00 4010-3000-07 FEL / Secondary commission payable AUD (193.55) 0.00 (193.55) 4010-3000-07 FEL / Secondary commission payable CNY 0.00 0.00 0.00 4010-3000-07 FEL / Secondary commission payable HKD (1,455.99) 0.00 (1,455.99) 4010-3000-07 FEL / Secondary commission payable USD 0.00 0.00 0.00

Capital 6000-0000-01 Opening balance CNY (864,132,445.90) 0.00 (864,132,445.90) 6000-0000-03 Contribution - regular contribution CNY 0.00 0.00 0.00 6000-0100-01 Subscription of units - Class A CNY (856,997,045.80) (2,920.00) (856,999,965.80) 6000-0100-01 Subscription of units - Class A HKD 0.00 0.00 0.00 6000-0100-01 Subscription of units - Class A USD 0.00 0.00 0.00 6000-0100-02 Subscription of units - Class B USD (1,565,429.88) 0.00 (1,565,429.88) 6000-0100-03 Subscription of units - Class C HKD (66,310,128.02) (627,548.66) (66,937,676.68) 6000-0100-04 Subscription of units - Class D AUD (1,887,360.47) 0.00 (1,887,360.47) 6000-0100-05 Subscription of units - Class E CNY (210,000,000.00) 0.00 (210,000,000.00) 6000-0100-06 Subscription of units - Class F USD (6,022,679.15) (97,560.98) (6,120,240.13)

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09/01/2017 14:57:27 31/44 TRIAL BALANCE COMPARISON REPORT BOCHK All Weather China High Yield Bond Fund

Bal as at Bal as at 05/01/2017 Net Change 06/01/2017 6000-1000-01 Redemption of units - Class A CNY 107,676,801.11 2,151,546.04 109,828,347.15 6000-1000-01 Redemption of units - Class A HKD 0.00 0.00 0.00 6000-1000-02 Redemption of units - Class B USD 3,005,629.82 36,650.18 3,042,280.00 6000-1000-03 Redemption of units - Class C HKD 83,404,132.19 0.00 83,404,132.19 6000-1000-04 Redemption of units - Class D AUD 923,096.84 0.00 923,096.84 6000-1100-06 Redemption of units - Class F USD 5,744,141.00 0.00 5,744,141.00

Income 7000-0000-01 Deposit interest AUD 0.00 0.00 0.00 7000-0000-01 Deposit interest CNY (55,317.09) 0.00 (55,317.09) 7000-0000-01 Deposit interest HKD (453.10) 0.00 (453.10) 7000-0000-01 Deposit interest USD (467.94) 0.00 (467.94) 7000-0000-02 Interest on interest bearing securities CNY (53,359.15) 55,858.85 2,499.70 7000-0000-02 Interest on interest bearing securities USD (3,045,424.34) 36,945.81 (3,008,478.53) 7000-0000-03 Dividend USD (33,476.97) 0.00 (33,476.97) 7000-1000-01 Realized gain / loss on investment CNY (725,184.00) 0.00 (725,184.00) 7000-1000-01 Realized gain / loss on investment HKD (2,339.60) 0.00 (2,339.60) 7000-1000-01 Realized gain / loss on investment USD (420,392.45) (2,788.46) (423,180.91) 7000-1000-02 Unrealized gain/loss on investment CNY 1,543,180.00 0.00 1,543,180.00 7000-1000-02 Unrealized gain/loss on investment USD 5,632,961.23 0.00 5,632,961.23 7000-1000-04 Exchange gain/loss AUD 0.00 0.00 0.00 7000-1000-04 Exchange gain/loss CNY (0.01) 0.00 (0.01) 7000-1000-04 Exchange gain/loss HKD 0.00 0.00 0.00 7000-1000-04 Exchange gain/loss INR 0.00 0.00 0.00 7000-1000-04 Exchange gain/loss USD 0.00 0.00 0.00 7000-1000-05 Realized G/L on forward FX contracts AUD 0.00 0.00 0.00 7000-1000-05 Realized G/L on forward FX contracts CNY 0.00 0.00 0.00 7000-1000-05 Realized G/L on forward FX contracts USD 0.00 0.00 0.00 7000-1000-06 Unrealized G/L on forward FX contracts CNY 44,537.50 0.00 44,537.50 7010-1000-01 Management fee rebate CNY 0.00 0.00 0.00 7010-1000-01 Management fee rebate USD (5,585.53) (29.58) (5,615.11)

Expenses 8000-0000-01 Investment management fee CNY 8,978,736.24 53,774.05 9,032,510.29 8000-0000-02 Trustee fee CNY 869,011.14 5,287.60 874,298.74 8000-0000-04 Custodian fee CNY 0.00 0.00 0.00 8000-0000-04 Custodian fee HKD 231,288.52 0.00 231,288.52

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09/01/2017 14:57:27 32/44 TRIAL BALANCE COMPARISON REPORT BOCHK All Weather China High Yield Bond Fund

Bal as at Bal as at 05/01/2017 Net Change 06/01/2017 8000-1000-01 Audit fee CNY 63,256.14 334.68 63,590.82 8000-1000-02 Fund set up fee CNY 0.00 0.00 0.00 8000-1000-03 Legal & professional fee HKD 13,090.00 0.00 13,090.00 8000-1000-03 Legal & professional fee USD 1,000.00 0.00 1,000.00 8000-1000-05 License fee HKD 0.00 0.00 0.00 8000-2000-03 Bank charges AUD 20.00 0.00 20.00 8000-2000-03 Bank charges CNY 970.38 48.68 1,019.06 8000-2000-03 Bank charges HKD 4,600.00 0.00 4,600.00 8000-2000-03 Bank charges USD 323.44 0.00 323.44 8000-2000-04 Printing CNY 0.00 0.00 0.00 8000-2000-04 Printing HKD 41,700.00 0.00 41,700.00 8000-2000-06 Publishing charges CNY 0.00 0.00 0.00 8000-2000-06 Publishing charges HKD 34,060.24 0.00 34,060.24 8000-2000-99 Sundry expenses CNY 0.00 0.00 0.00 8000-2000-99 Sundry expenses USD 350.00 0.00 350.00 8100-1000-01 Investment handling fee CNY 77,425.00 80.00 77,505.00 8100-1000-04 Investment related charges CNY 0.00 0.00 0.00 8100-1000-04 Investment related charges USD 0.00 0.00 0.00 8100-2000-01 Withholding tax USD 5,005.00 0.00 5,005.00 8100-2100-12 Withholding tax - Bond interest USD 0.00 0.00 0.00 8600-0000-01 Dividend payment to unitholders AUD 92,036.95 0.00 92,036.95 8600-0000-01 Dividend payment to unitholders CNY 26,384,735.67 0.00 26,384,735.67 8600-0000-01 Dividend payment to unitholders HKD 7,597,563.41 0.00 7,597,563.41 8600-0000-01 Dividend payment to unitholders USD 690,396.07 0.00 690,396.07

Page 4 of 4

09/01/2017 14:57:27 33/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) 0020-0000-02 Subscription in transit 05 Jan 2017 Class A1/A1 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 CNY 2,920.00 2,920.00 2,920.00 2,920.00

0020-0000-02 Subscription in transit 05 Jan 2017 Class A3/A3 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 HKD 627,548.66 554,248.21 05 Jan 2017 Non-Clear Fund Subscription Money Dealing Date 05/01/2017 HKD (522,263.26) (461,260.61) 105,285.40 92,987.60

0020-0000-02 Subscription in transit 05 Jan 2017 Class A8/A8 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 USD 97,560.98 668,273.20 97,560.98 668,273.20

1010-0000-02 Custodian Bank A/C - BOCHK 06 Jan 2017 Settled Spot Buy AUD 1024000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell CNY 5149184.00 AUD 1,024,000.00 5,121,063.92 1,024,000.00 5,121,063.92

1010-0000-02 Custodian Bank A/C - BOCHK 06 Jan 2017 Settled Spot Sell CNY 5149184.00 T/D 2017-01-04 S/D 2017-01-06 Spot Buy AUD 1024000.00 CNY (5,149,184.00) (5,149,184.00) 06 Jan 2017 Settled Spot Sell CNY 910384.50 T/D 2017-01-04 S/D 2017-01-06 Spot Buy USD 131000.00 CNY (910,384.50) (910,384.50) 06 Jan 2017 Settled Spot Buy CNY 910384.50 T/D 2017-01-04 S/D 2017-01-06 Spot Sell USD 131000.00 CNY 910,384.50 910,384.50 06 Jan 2017 Settled Spot Buy CNY 19000000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell USD 2734560.53 CNY 19,000,000.00 19,000,000.00 06 Jan 2017 Redemption Payment Dealing Date 29/12/2016 CNY (2,552,258.64) (2,552,258.64) 06 Jan 2017 Settled Buy STARWAY ASSETS ENTERPRISES INC 4.1% S/A 22JAN2017 2960000.0000 T/D 2017-01-04 M/DCNY 2017-01-22 (3,010,530.85) (3,010,530.85) 06 Jan 2017 stl Bank Charges CNY (48.68) (48.68) 8,287,977.83 8,287,977.83

1010-0000-02 Custodian Bank A/C - BOCHK

Page 1 of 7

09/01/2017 14:57:27 34/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) 06 Jan 2017 Non-Clear Fund Subscription Money Dealing Date 05/01/2017 HKD 522,263.26 461,260.61 06 Jan 2017 Redemption Payment Dealing Date 29/12/2016 HKD (185,544.55) (163,872.13) 336,718.71 297,388.48

1010-0000-02 Custodian Bank A/C - BOCHK 06 Jan 2017 Settled Sell XINYUAN REAL ESTATE CO LTD 8.125% S/A 30AUG2019 250000.0000 T/D 2017-01-04 M/D USD2019-08-30 249,314.26 1,707,752.82 06 Jan 2017 Settled Spot Sell USD 131000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Buy CNY 910384.50 USD (131,000.00) (897,323.80) 06 Jan 2017 Settled Spot Buy USD 131000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell CNY 910384.50 USD 131,000.00 897,323.80 06 Jan 2017 Settled Buy TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 9.375% S/A 19MAY2020 REGS 500000.0000USD T/D 2017-01-03 M/D 2020-05-19(489,869.79) (3,355,510.09) 06 Jan 2017 Settled Cash Dividend RED ARC GLOBAL INVESTMENTS SICAV - BOCHK RMB HIGH YIELD BOND FUND-CDUSD USD HEDGED Ex Date 2016-12-30 16,917.88 Pay Date 2017-01-06 115,884.09 06 Jan 2017 Settled Buy COUNTRY GARDEN HLDGS CO LTD 7.875% S/A 27MAY2019 REGS 500000.0000 T/D 2017-01-03USD M/D 2019-05-27 (530,765.63) (3,635,638.41) 06 Jan 2017 Settled Buy JABABEKA INTL BV 6.5% S/A 05OCT2023 REGS 500000.0000 T/D 2017-01-03 M/D 2023-10-05USD (499,715.28) (3,422,949.73) 06 Jan 2017 Settled Buy SRI LANKA GOVERNMENT INTL BOND 6% S/A 14JAN2019 REGS 250000.0000 T/D 2017-01-03USD M/D 2019-01-14 (264,541.67) (1,812,057.53) 06 Jan 2017 Settled Buy STUDIO CITY CO LTD 7.25% S/A 30NOV2021 REGS 500000.0000 T/D 2017-01-03 M/D 2021-11-30USD (525,500.00) (3,599,569.90) 06 Jan 2017 Settled Spot Sell USD 2734560.53 T/D 2017-01-04 S/D 2017-01-06 Spot Buy CNY 19000000.00 USD (2,734,560.53) (18,731,192.72) 06 Jan 2017 Settled Buy KWG PROPERTY HLDGS LTD 8.25% S/A 05AUG2019 500000.0000 T/D 2017-01-04 M/D 2019-08-05USD (549,802.08) (3,766,034.29) 06 Jan 2017 Settled Sell RELIANCE COMMUNICATIONS LTD 6.5% S/A 06NOV2020 200000.0000 T/D 2017-01-04 M/DUSD 2020-11-06 205,402.78 1,406,967.96 06 Jan 2017 Settled Sell VANKE REAL ESTATE HONG KONG CO LTD 3.95% S/A 23DEC2019 250000.0000 T/D 2017-01-04USD M/D 2019-12-23 252,121.60 1,726,982.54 (4,870,998.46) (33,365,365.26)

3000-1000-01 Amount due from broker 06 Jan 2017 Settled Spot Buy AUD 1024000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell CNY 5149184.00 AUD (1,024,000.00) (5,121,063.92) (1,024,000.00) (5,121,063.92)

3000-1000-01 Amount due from broker 06 Jan 2017 Settled Spot Buy CNY 19000000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell USD 2734560.53 CNY (19,000,000.00) (19,000,000.00) 06 Jan 2017 Settled Spot Buy CNY 910384.50 T/D 2017-01-04 S/D 2017-01-06 Spot Sell USD 131000.00 CNY (910,384.50) (910,384.50) 06 Jan 2017 Settled Spot Buy CNY 10500000.00 T/D 2017-01-06 S/D 2017-01-09 Spot Sell USD 1542303.17 CNY 10,500,000.00 10,500,000.00

Page 2 of 7

09/01/2017 14:57:27 35/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) (9,410,384.50) (9,410,384.50)

3000-1000-01 Amount due from broker 06 Jan 2017 Sell 250000.0000 BIOSTIME INTL HLDGS LTD 7.25% S/A 21JUN2021 REGS T/D 2017-01-06 M/D 2021-06-21USD 265,176.60 1,816,406.68 06 Jan 2017 Settled Spot Buy USD 131000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Sell CNY 910384.50 USD (131,000.00) (897,323.80) 06 Jan 2017 Settled Sell XINYUAN REAL ESTATE CO LTD 8.125% S/A 30AUG2019 250000.0000 T/D 2017-01-04 M/D USD2019-08-30 (249,314.26) (1,707,752.82) 06 Jan 2017 Settled Sell VANKE REAL ESTATE HONG KONG CO LTD 3.95% S/A 23DEC2019 250000.0000 T/D 2017-01-04USD M/D 2019-12-23 (252,121.60) (1,726,982.54) 06 Jan 2017 Settled Sell RELIANCE COMMUNICATIONS LTD 6.5% S/A 06NOV2020 200000.0000 T/D 2017-01-04 M/DUSD 2020-11-06 (205,402.78) (1,406,967.96) (572,662.04) (3,922,620.44)

3010-0000-03 Dividend receivable 06 Jan 2017 Settled Cash Dividend RED ARC GLOBAL INVESTMENTS SICAV - BOCHK RMB HIGH YIELD BOND FUND-CDUSD USD HEDGED Ex Date 2016-12-30(16,917.88) Pay Date 2017-01-06 (115,884.09) (16,917.88) (115,884.09)

3010-2000-01 Prov for CD/bond int (unsettled trade) 06 Jan 2017 Settled Buy STARWAY ASSETS ENTERPRISES INC 4.1% S/A 22JAN2017 2960000.0000 T/D 2017-01-04 M/DCNY 2017-01-22 (55,858.85) (55,858.85) (55,858.85) (55,858.85)

3010-2000-01 Prov for CD/bond int (unsettled trade) 06 Jan 2017 Settled Sell RELIANCE COMMUNICATIONS LTD 6.5% S/A 06NOV2020 200000.0000 T/D 2017-01-04 M/DUSD 2020-11-06 2,202.78 15,088.60 06 Jan 2017 Settled Buy KWG PROPERTY HLDGS LTD 8.25% S/A 05AUG2019 500000.0000 T/D 2017-01-04 M/D 2019-08-05USD (17,302.08) (118,515.79) 06 Jan 2017 Settled Sell VANKE REAL ESTATE HONG KONG CO LTD 3.95% S/A 23DEC2019 250000.0000 T/D 2017-01-04USD M/D 2019-12-23 356.60 2,442.64 06 Jan 2017 Settled Sell XINYUAN REAL ESTATE CO LTD 8.125% S/A 30AUG2019 250000.0000 T/D 2017-01-04 M/D USD2019-08-30 7,189.26 49,244.99 06 Jan 2017 Settled Buy COUNTRY GARDEN HLDGS CO LTD 7.875% S/A 27MAY2019 REGS 500000.0000 T/D 2017-01-03USD M/D 2019-05-27 (4,265.63) (29,218.71) 06 Jan 2017 Settled Buy STUDIO CITY CO LTD 7.25% S/A 30NOV2021 REGS 500000.0000 T/D 2017-01-03 M/D 2021-11-30USD (3,625.00) (24,830.53) 06 Jan 2017 Settled Buy SRI LANKA GOVERNMENT INTL BOND 6% S/A 14JAN2019 REGS 250000.0000 T/D 2017-01-03USD M/D 2019-01-14 (7,166.67) (49,090.26) 06 Jan 2017 Settled Buy JABABEKA INTL BV 6.5% S/A 05OCT2023 REGS 500000.0000 T/D 2017-01-03 M/D 2023-10-05USD (8,215.28) (56,273.02) 06 Jan 2017 Settled Buy TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 9.375% S/A 19MAY2020 REGS 500000.0000USD T/D 2017-01-03 M/D 2020-05-19(6,119.79) (41,919.34)

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09/01/2017 14:57:27 36/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) 06 Jan 2017 Sell 250000.0000 BIOSTIME INTL HLDGS LTD 7.25% S/A 21JUN2021 REGS T/D 2017-01-06 M/D 2021-06-21USD (956.60) (6,552.52) (37,902.41) (259,623.93)

3010-3000-01 Management fee rebate receivable 06 Jan 2017 Management fee rebate for BOCHK HYBD 05/01/2017 USD 29.58 202.62 29.58 202.62

4000-0000-01 Amount due to broker 06 Jan 2017 Settled Spot Sell CNY 5149184.00 T/D 2017-01-04 S/D 2017-01-06 Spot Buy AUD 1024000.00 CNY 5,149,184.00 5,149,184.00 06 Jan 2017 Settled Spot Sell CNY 910384.50 T/D 2017-01-04 S/D 2017-01-06 Spot Buy USD 131000.00 CNY 910,384.50 910,384.50 06 Jan 2017 Settled Buy STARWAY ASSETS ENTERPRISES INC 4.1% S/A 22JAN2017 2960000.0000 T/D 2017-01-04 M/DCNY 2017-01-22 3,010,530.85 3,010,530.85 9,070,099.35 9,070,099.35

4000-0000-01 Amount due to broker 06 Jan 2017 Settled Buy KWG PROPERTY HLDGS LTD 8.25% S/A 05AUG2019 500000.0000 T/D 2017-01-04 M/D 2019-08-05USD 549,802.08 3,766,034.29 06 Jan 2017 Settled Spot Sell USD 131000.00 T/D 2017-01-04 S/D 2017-01-06 Spot Buy CNY 910384.50 USD 131,000.00 897,323.80 06 Jan 2017 Settled Spot Sell USD 2734560.53 T/D 2017-01-04 S/D 2017-01-06 Spot Buy CNY 19000000.00 USD 2,734,560.53 18,731,192.72 06 Jan 2017 Settled Buy TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 9.375% S/A 19MAY2020 REGS 500000.0000USD T/D 2017-01-03 M/D 2020-05-19 489,869.79 3,355,510.09 06 Jan 2017 Settled Buy SRI LANKA GOVERNMENT INTL BOND 6% S/A 14JAN2019 REGS 250000.0000 T/D 2017-01-03USD M/D 2019-01-14 264,541.67 1,812,057.53 06 Jan 2017 Settled Buy STUDIO CITY CO LTD 7.25% S/A 30NOV2021 REGS 500000.0000 T/D 2017-01-03 M/D 2021-11-30USD 525,500.00 3,599,569.90 06 Jan 2017 Settled Buy JABABEKA INTL BV 6.5% S/A 05OCT2023 REGS 500000.0000 T/D 2017-01-03 M/D 2023-10-05USD 499,715.28 3,422,949.73 06 Jan 2017 Settled Buy COUNTRY GARDEN HLDGS CO LTD 7.875% S/A 27MAY2019 REGS 500000.0000 T/D 2017-01-03USD M/D 2019-05-27 530,765.63 3,635,638.41 06 Jan 2017 Settled Spot Sell USD 1542303.17 T/D 2017-01-06 S/D 2017-01-09 Spot Buy CNY 10500000.00 USD (1,542,303.17) (10,564,468.26) 4,183,451.81 28,655,808.21

4010-2000-01 Redemption payable to unitholders 06 Jan 2017 Redemption Payment Dealing Date 29/12/2016 CNY 2,552,258.64 2,552,258.64 06 Jan 2017 Class A1/A1 類 Redemption Posting Dealing Date 05/01/2017 CNY (2,151,546.04) (2,151,546.04)

Page 4 of 7

09/01/2017 14:57:27 37/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) 400,712.60 400,712.60

4010-2000-01 Redemption payable to unitholders 06 Jan 2017 Redemption Payment Dealing Date 29/12/2016 HKD 185,544.55 163,872.13 185,544.55 163,872.13

4010-2000-01 Redemption payable to unitholders 06 Jan 2017 Class A2/A2 類 Redemption Posting Dealing Date 05/01/2017 USD (36,650.18) (251,046.40) (36,650.18) (251,046.40)

4010-3000-03 Investment handling fee payable 06 Jan 2017 IHF for 1 Trade CNY (80.00) (80.00) (80.00) (80.00)

4010-3000-06 Audit fee payable 06 Jan 2017 audit fee accrual CNY (334.68) (334.68) (334.68) (334.68)

6000-0100-01 Subscription of units - Class A 06 Jan 2017 Class A1/A1 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 CNY (2,920.00) (2,920.00) (2,920.00) (2,920.00)

6000-0100-03 Subscription of units - Class C 06 Jan 2017 Class A3/A3 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 HKD (627,548.66) (554,248.21) (627,548.66) (554,248.21)

6000-0100-06 Subscription of units - Class F 06 Jan 2017 Class A8/A8 類 Non-Clear Fund Subscription Posting Dealing Date 05/01/2017 USD (97,560.98) (668,273.20)

Page 5 of 7

09/01/2017 14:57:27 38/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) (97,560.98) (668,273.20)

6000-1000-01 Redemption of units - Class A 06 Jan 2017 Class A1/A1 類 Redemption Posting Dealing Date 05/01/2017 CNY 2,151,546.04 2,151,546.04 2,151,546.04 2,151,546.04

6000-1000-02 Redemption of units - Class B 06 Jan 2017 Class A2/A2 類 Redemption Posting Dealing Date 05/01/2017 USD 36,650.18 251,046.40 36,650.18 251,046.40

7000-0000-02 Interest on interest bearing securities 06 Jan 2017 Settled Buy STARWAY ASSETS ENTERPRISES INC 4.1% S/A 22JAN2017 2960000.0000 T/D 2017-01-04 M/DCNY 2017-01-22 (55,858.85) (55,858.85) (55,858.85) (55,858.85)

7000-0000-02 Interest on interest bearing securities 06 Jan 2017 Settled Buy KWG PROPERTY HLDGS LTD 8.25% S/A 05AUG2019 500000.0000 T/D 2017-01-04 M/D 2019-08-05USD (17,302.08) (118,515.79) 06 Jan 2017 Settled Sell RELIANCE COMMUNICATIONS LTD 6.5% S/A 06NOV2020 200000.0000 T/D 2017-01-04 M/DUSD 2020-11-06 2,202.78 15,088.60 06 Jan 2017 Settled Sell XINYUAN REAL ESTATE CO LTD 8.125% S/A 30AUG2019 250000.0000 T/D 2017-01-04 M/D USD2019-08-30 7,189.26 49,244.99 06 Jan 2017 Settled Sell VANKE REAL ESTATE HONG KONG CO LTD 3.95% S/A 23DEC2019 250000.0000 T/D 2017-01-04USD M/D 2019-12-23 356.60 2,442.64 06 Jan 2017 Settled Buy COUNTRY GARDEN HLDGS CO LTD 7.875% S/A 27MAY2019 REGS 500000.0000 T/D 2017-01-03USD M/D 2019-05-27 (4,265.63) (29,218.71) 06 Jan 2017 Settled Buy STUDIO CITY CO LTD 7.25% S/A 30NOV2021 REGS 500000.0000 T/D 2017-01-03 M/D 2021-11-30USD (3,625.00) (24,830.53) 06 Jan 2017 Settled Buy JABABEKA INTL BV 6.5% S/A 05OCT2023 REGS 500000.0000 T/D 2017-01-03 M/D 2023-10-05USD (8,215.28) (56,273.02) 06 Jan 2017 Settled Buy SRI LANKA GOVERNMENT INTL BOND 6% S/A 14JAN2019 REGS 250000.0000 T/D 2017-01-03USD M/D 2019-01-14 (7,166.67) (49,090.26) 06 Jan 2017 Settled Buy TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 9.375% S/A 19MAY2020 REGS 500000.0000USD T/D 2017-01-03 M/D 2020-05-19(6,119.79) (41,919.34) (36,945.81) (253,071.41)

7000-1000-01 Realized gain / loss on investment 06 Jan 2017 Sell 250000.0000 BIOSTIME INTL HLDGS LTD 7.25% S/A 21JUN2021 REGS T/D 2017-01-06 M/D 2021-06-21USD 2,788.46 19,100.39

Page 6 of 7

09/01/2017 14:57:27 39/44 LEDGER ACCOUNT REPORT BOCHK All Weather China High Yield Bond Fund Amount Amount Trade Date Transaction Type / Narrative Ccy (Loc Ccy) (Port Ccy) 2,788.46 19,100.39

7010-1000-01 Management fee rebate 06 Jan 2017 Management fee rebate for BOCHK HYBD 05/01/2017 USD 29.58 202.62 29.58 202.62

8000-0000-01 Investment management fee 06 Jan 2017 Management fee as at 06/01/2017 CNY 53,774.05 53,774.05 53,774.05 53,774.05

8000-0000-02 Trustee fee 06 Jan 2017 Trustee fee as at 06/01/2017 CNY 5,287.60 5,287.60 5,287.60 5,287.60

8000-1000-01 Audit fee 06 Jan 2017 Audit fee accrual CNY 334.68 334.68 334.68 334.68

8000-2000-03 Bank Charges 06 Jan 2017 stl Bank Charges CNY 48.68 48.68 48.68 48.68

8100-1000-01 Investment handling fee 06 Jan 2017 IHF for 1 Trade CNY 80.00 80.00 80.00 80.00

Total Net Change in PORT CCY 1,206,092.66

Page 7 of 7

09/01/2017 14:57:27 40/44 Cash Activity Report Start Date: 05/01/2017 - End Date: 06/01/2017

Portfolio Code: BOCHK AWRMB HYBD - BOCHK ALL WEATHER CHINA HIGH YIELD BOND FUND Print Date/Time: 09/01/2017 14:56:58

Portfolio Ccy: CNY User ID: VincentM

Cash Account/ Total Amount Cumulative Total Settle Date Trade Date Txn Type Sub-Type Sec/AC Code Qty Mature Date Coupon% Txn Remark (Local Ccy) (Local Ccy)

CASH AUD BOC

Opening 764,947.30 764,947.30

06/01/2017 04/01/2017 FX Spot Spot Buy 1,024,000.00 1,788,947.30

25/01/2017 28/12/2016 FX Forward Forward Buy 4,500,000.00 6,288,947.30

25/01/2017 04/01/2017 FX Forward Forward Sell (1,024,000.00) 5,264,947.30

# 10/01/2017 10/01/2017 Withdrawal Termination Redemption (826,496.32) 4,438,450.98

# 11/01/2017 11/01/2017 Withdrawal Termination Redemption (93,417.93) 4,345,033.05

Closing (CASH AUD BOC) 4,345,033.05

CASH CNY BOC

Opening 368,913.67 368,913.67

05/01/2017 03/01/2017 FX Spot Spot Buy 5,000,000.00 5,368,913.67

05/01/2017 05/01/2017 Contribution Fund Switching Switching In, Switching Out 94,593.49 5,463,507.16 from BOCHK AWRMB HYBD 05/01/2017 05/01/2017 Withdrawal Fund Switching Switching Out (53,604.53) 5,409,902.63

05/01/2017 05/01/2017 Withdrawal Fund Switching Switching Out (94,593.49) 5,315,309.14

05/01/2017 05/01/2017 Withdrawal Termination Redemption (1,316,644.80) 3,998,664.34

06/01/2017 04/01/2017 FX Spot Spot Sell (5,149,184.00) (1,150,519.66)

06/01/2017 04/01/2017 FX Spot Spot Sell (910,384.50) (2,060,904.16)

06/01/2017 04/01/2017 FX Spot Spot Buy 910,384.50 (1,150,519.66)

06/01/2017 04/01/2017 FX Spot Spot Buy 19,000,000.00 17,849,480.34

06/01/2017 04/01/2017 Settlement Buy ORIEAS1701%4.1 2,960,000.00 (3,010,530.85) 14,838,949.49

06/01/2017 06/01/2017 Expense Bank Charges (48.68) 14,838,900.81

06/01/2017 06/01/2017 Withdrawal Termination Redemption (2,552,258.64) 12,286,642.17

09/01/2017 06/01/2017 FX Spot Spot Buy 10,500,000.00 22,786,642.17

25/01/2017 28/12/2016 FX Forward Forward Sell (22,737,600.00) 49,042.17

25/01/2017 04/01/2017 FX Forward Forward Buy 5,181,644.80 5,230,686.97

26/01/2017 28/12/2016 FX Forward Forward Buy 45,593,600.00 50,824,286.97

26/01/2017 28/12/2016 FX Forward Forward Sell (45,594,900.00) 5,229,386.97

26/01/2017 28/12/2016 FX Forward Forward Buy 176,031,320.00 181,260,706.97

26/01/2017 03/01/2017 FX Forward Forward Sell (42,000,000.00) 139,260,706.97

26/01/2017 04/01/2017 FX Forward Forward Buy 916,921.40 140,177,628.37

26/01/2017 04/01/2017 FX Forward Forward Sell (916,947.60) 139,260,680.77

31/03/2017 28/12/2016 FX Forward Forward Buy 223,971,320.00 363,232,000.77

30/06/2017 28/12/2016 FX Forward Forward Buy 226,214,920.00 589,446,920.77

BOCI-Prudential Trustee Ltd. Page 1 of 4 Report ID:GF002 09/01/2017 14:57:27 41/44 Cash Activity Report Start Date: 05/01/2017 - End Date: 06/01/2017

Portfolio Code: BOCHK AWRMB HYBD - BOCHK ALL WEATHER CHINA HIGH YIELD BOND FUND Print Date/Time: 09/01/2017 14:56:58

Portfolio Ccy: CNY User ID: VincentM

Cash Account/ Total Amount Cumulative Total Settle Date Trade Date Txn Type Sub-Type Sec/AC Code Qty Mature Date Coupon% Txn Remark (Local Ccy) (Local Ccy)

29/09/2017 28/12/2016 FX Forward Forward Buy 228,000,320.00 817,447,240.77

29/12/2017 28/12/2016 FX Forward Forward Buy 104,846,400.00 922,293,640.77

29/12/2017 28/12/2016 FX Forward Forward Buy 125,133,440.00 1,047,427,080.77

# 09/01/2017 09/01/2017 Withdrawal Termination Redemption (961,163.24) 1,046,465,917.53

# 10/01/2017 10/01/2017 Contribution Contribution Subscription 2,920.00 1,046,468,837.53

# 10/01/2017 10/01/2017 Withdrawal Termination Redemption (2,853,204.71) 1,043,615,632.82

# 11/01/2017 11/01/2017 Withdrawal Termination Redemption (798,853.69) 1,042,816,779.13

# 12/01/2017 12/01/2017 Withdrawal Termination Redemption (2,151,546.04) 1,040,665,233.09

Closing (CASH CNY BOC) 1,040,665,233.09

CASH HKD BOC

Opening 7,217,888.30 7,217,888.30

06/01/2017 06/01/2017 Contribution Contribution Subscription 522,263.26 7,740,151.56

06/01/2017 06/01/2017 Withdrawal Termination Redemption (185,544.55) 7,554,607.01

# 09/01/2017 09/01/2017 Withdrawal Termination Redemption (184,200.00) 7,370,407.01

# 10/01/2017 10/01/2017 Contribution Contribution Subscription 105,285.40 7,475,692.41

# 10/01/2017 10/01/2017 Withdrawal Termination Redemption (363,086.79) 7,112,605.62

# 11/01/2017 11/01/2017 Withdrawal Termination Redemption (238,569.34) 6,874,036.28

# N/A N/A Contribution Fund Switching Switching In 612,765.17 7,486,801.45

Closing (CASH HKD BOC) 7,486,801.45

CASH USD BOC

Opening 10,260,462.84 10,260,462.84

05/01/2017 30/12/2016 Settlement Buy COGARD1905%7.875 202,000.00 (214,385.13) 10,046,077.71

05/01/2017 30/12/2016 Settlement Buy STDCTY1911%5.875 500,000.00 (516,355.90) 9,529,721.81

05/01/2017 03/01/2017 FX Spot Spot Sell (717,875.09) 8,811,846.72

05/01/2017 03/01/2017 Settlement Buy FUTLAN1711%6.25 500,000.00 (514,600.69) 8,297,246.03

05/01/2017 05/01/2017 Income Coupon MONGOL1801%4.125 250,000.00 05/01/2018 4.125% 5,156.25 8,302,402.28

06/01/2017 30/12/2016 Income Cash Dividend LX.RDHYCDU 16,917.88 8,319,320.16

06/01/2017 03/01/2017 Settlement Buy COGARD1905%7.875 500,000.00 (530,765.63) 7,788,554.53

06/01/2017 03/01/2017 Settlement Buy KIJAIJ2310%6.5 500,000.00 (499,715.28) 7,288,839.25

06/01/2017 03/01/2017 Settlement Buy SRILAN1901%6 250,000.00 (264,541.67) 7,024,297.58

06/01/2017 03/01/2017 Settlement Buy STDCTY2111%7.25 500,000.00 (525,500.00) 6,498,797.58

BOCI-Prudential Trustee Ltd. Page 2 of 4 Report ID:GF002 09/01/2017 14:57:27 42/44 Cash Activity Report Start Date: 05/01/2017 - End Date: 06/01/2017

Portfolio Code: BOCHK AWRMB HYBD - BOCHK ALL WEATHER CHINA HIGH YIELD BOND FUND Print Date/Time: 09/01/2017 14:56:58

Portfolio Ccy: CNY User ID: VincentM

Cash Account/ Total Amount Cumulative Total Settle Date Trade Date Txn Type Sub-Type Sec/AC Code Qty Mature Date Coupon% Txn Remark (Local Ccy) (Local Ccy)

06/01/2017 03/01/2017 Settlement Buy TDBM2005%9.375 500,000.00 (489,869.79) 6,008,927.79

06/01/2017 04/01/2017 FX Spot Spot Buy 131,000.00 6,139,927.79

06/01/2017 04/01/2017 FX Spot Spot Sell (131,000.00) 6,008,927.79

06/01/2017 04/01/2017 FX Spot Spot Sell (2,734,560.53) 3,274,367.26

06/01/2017 04/01/2017 Settlement Buy KWGPRO1908%8.25 500,000.00 (549,802.08) 2,724,565.18

06/01/2017 04/01/2017 Settlement Sell RCOMIN2011%6.5 200,000.00 06/11/2020 205,402.78 2,929,967.96

06/01/2017 04/01/2017 Settlement Sell VNKRLE1912%3.95 250,000.00 23/12/2019 252,121.60 3,182,089.56

06/01/2017 04/01/2017 Settlement Sell XIN1908%8.125 250,000.00 30/08/2019 249,314.26 3,431,403.82

09/01/2017 04/01/2017 Settlement Sell CIKLIS2609%4.95 250,000.00 14/09/2026 249,237.50 3,680,641.32

09/01/2017 04/01/2017 Settlement Buy COGARD1905%7.875 500,000.00 (530,843.75) 3,149,797.57

09/01/2017 04/01/2017 Settlement Sell WOORIBPERP%4.5 500,000.00 27/09/2049 490,425.00 3,640,222.57

09/01/2017 05/01/2017 Settlement Sell COGARD2003%7.5 250,000.00 09/03/2020 272,625.00 3,912,847.57

09/01/2017 05/01/2017 Settlement Sell SANYPH1812%8.125 250,000.00 03/12/2018 262,356.25 4,175,203.82

09/01/2017 06/01/2017 FX Spot Spot Sell (1,542,303.17) 2,632,900.65

10/01/2017 05/01/2017 Settlement Sell MONGOL1801%4.125 250,000.00 05/01/2018 243,393.23 2,876,293.88

10/01/2017 05/01/2017 Settlement Sell WOORIBPERP%4.5 500,000.00 27/09/2049 491,537.50 3,367,831.38

10/01/2017 06/01/2017 Settlement Sell BTSDF2106%7.25 250,000.00 21/06/2021 265,176.60 3,633,007.98

11/01/2017 04/01/2017 Settlement Buy KWGPRO2201%6 500,000.00 (499,750.00) 3,133,257.98

11/01/2017 04/01/2017 Settlement Buy CAPG2001%6.35 1,400,000.00 (1,400,000.00) 1,733,257.98

11/01/2017 04/01/2017 Settlement Buy CAPG2001%6.35 500,000.00 (502,875.00) 1,230,382.98

11/01/2017 05/01/2017 Settlement Buy CAPG2001%6.35 500,000.00 (502,750.00) 727,632.98

26/01/2017 28/12/2016 FX Forward Forward Sell (6,500,000.00) (5,772,367.02)

26/01/2017 28/12/2016 FX Forward Forward Buy 6,500,000.00 727,632.98

26/01/2017 28/12/2016 FX Forward Forward Sell (25,100,000.00) (24,372,367.02)

26/01/2017 03/01/2017 FX Forward Forward Buy 5,988,023.95 (18,384,343.07)

26/01/2017 04/01/2017 FX Forward Forward Sell (131,000.00) (18,515,343.07)

26/01/2017 04/01/2017 FX Forward Forward Buy 131,000.00 (18,384,343.07)

31/03/2017 28/12/2016 FX Forward Forward Sell (31,600,000.00) (49,984,343.07)

30/06/2017 28/12/2016 FX Forward Forward Sell (31,600,000.00) (81,584,343.07)

29/09/2017 28/12/2016 FX Forward Forward Sell (31,600,000.00) (113,184,343.07)

29/12/2017 28/12/2016 FX Forward Forward Sell (14,400,000.00) (127,584,343.07)

29/12/2017 28/12/2016 FX Forward Forward Sell (17,200,000.00) (144,784,343.07)

# 10/01/2017 10/01/2017 Contribution Contribution Subscription 97,560.98 (144,686,782.09)

# 10/01/2017 10/01/2017 Withdrawal Termination Redemption (149,058.12) (144,835,840.21)

# 11/01/2017 11/01/2017 Withdrawal Termination Redemption (44,407.66) (144,880,247.87)

# 12/01/2017 12/01/2017 Withdrawal Termination Redemption (36,650.18) (144,916,898.05)

BOCI-Prudential Trustee Ltd. Page 3 of 4 Report ID:GF002 09/01/2017 14:57:27 43/44 Cash Activity Report Start Date: 05/01/2017 - End Date: 06/01/2017

Portfolio Code: BOCHK AWRMB HYBD - BOCHK ALL WEATHER CHINA HIGH YIELD BOND FUND Print Date/Time: 09/01/2017 14:56:58

Portfolio Ccy: CNY User ID: VincentM

Cash Account/ Total Amount Cumulative Total Settle Date Trade Date Txn Type Sub-Type Sec/AC Code Qty Mature Date Coupon% Txn Remark (Local Ccy) (Local Ccy)

Closing (CASH USD BOC) (144,916,898.05)

Remark

Price Source: Logical-07 - Default Close Price

FX Rate Source: BOCHK - BOCHK

Reference Exchange Rates:

CNY/AUD 0.1999584490 AUD/CNY 5.0010389800

CNY/CNY 1.0000000000 CNY/CNY 1.0000000000

CNY/HKD 1.1322520370 HKD/CNY 0.8831955850

CNY/INR 9.9219977230 INR/CNY 0.1007861550

CNY/USD 0.1459896640 USD/CNY 6.8498000000

#: The settlement date of cash flow projection of subscription, redemption and fund switching is for REFERENCE only. It does not advise the availability of cash balances. *: FX conversion outside the fund will be executed for this subscription, the current projection is using the latest valuation FX rate which is subject to change upon the execution rate is available.

*** End of Report ***

BOCI-Prudential Trustee Ltd. Page 4 of 4 Report ID:GF002 09/01/2017 14:57:27 44/44