E Fund Value Select Fund As of 31 December 2019
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E Fund Value Select Fund As of 31 December 2019 Investment Objective Product Features To seek an investment return higher than that of the benchmark and • The fund carries out investment as guided by in-depth studies of long term stable value growth of assets. the fundamentals, and selects undervalued companies with sustainable growth abilities and advantages using the “bottom-up” Benchmark: 80% × CSI300 Index return + 20% × SSE Government method. Bond Index return • The fund combines the “top-down” method to select the best industries, actively looks for the best combination of companies with advantages which in prosperous industries to construct the investment portfolio. • Risks are controlled by adjusting the degree of deviation of allocation of industries and in-depth studies of individual shares. Fund Facts Portfolio Manager: Qiushi Ge Cumulative Performance* Since Custodian: Industrial and Commercial Bank of China YTD 3 Months 6 Months Launch1 Performance 375.88% 43.68% 5.34% 9.98% Auditor: Ernst and Young Benchmark 184.89% 29.43% 6.11% 6.18% Inception Date: 13 June 2006 1 Year 2 Year 3 Year Performance 43..68% 9.55% 30.47% Base Currency: RMB Benchmark 29.43% 3.98% 21.99% Dealing and Trading Daily Frequency: Calendar Year Performance* 2019 YTD 2018 2017 2016 2015 Bloomberg Ticker: EFVALSE:CH Performance 43.68% -23.76% 19.10% -21.64% 73.24% ISIN / Trading Code: 110009 Benchmark 29.43% -19.12% 17.55% -8.35% 5.68% RMB 2.72 billion 2014 2013 2012 2011 2010 AUM: (USD 390.57 million) Performance 9.91% -4.11% 7.17% -24.01% 0.20% NAV: 1.1696 Benchmark 42.21% -5.57% 6.71% -19.20% -9.37% *Fund: NAV-to-NAV return, net return with dividend (if any) NOT reinvested. 1. The net return of fund since launch is calculated from 13 June 2006. Note: Past performance information is not indicative of future performance. Investors may not get back the full amount invested. Risk Reminder and Important Notice: • These materials are solely for communication and exchange within E Fund Management Co., Ltd. and for use by professional investors. These materials shall not be published or disseminated to any external party including but not limited to distribution in printed format or placing of copies at sales counters. • Any information contained in these materials which originates from this Company and this Fund, including the scale of assets under management, basic information on the fund, past performances, and prizes and awards, does not represent any determinative judgment on this Fund, and does not foretell the actual outcome of future operation of this Fund or the actual return it may yield. Nor does such information constitute any investment advice. The investment return of this Fund may vary as a result of changes in the market environment or other factors. • None of the contents of or statements in these materials shall be legally binding, or shall constitute part of any legal agreement, or shall be regarded as constituting an offer or invitation to treat made to any person, or shall constitute any promise. E Fund Management Co., Ltd. and its employees do not give any investment advice or any guarantee on investment return in respect of the contents of these materials, nor shall E Fund Management Co., Ltd. and its employees assume liability for any direct or indirect loss or damage arising from the use of these materials and the contents thereof by any person. • The information contained in these materials is for reference only and does not serve as promotion or marketing materials or legal documents. For specific details regarding this Fund, please refer to the fund contract and prospectus of this Fund. E Fund Value Select Fund As of 31 December 2019 Asset Allocation (% of Total Assets) Market Review 1.42% 0.17% 4.40% Equity In 2019 Q4, the A-share market generally increased, with the SSE Composite Index, CSI 300 Index and the ChiNext Index up by 4.99%, 7.39% and 10.48%, respectively. Bond From the macroeconomic perspective, PMI data were stable in Europe, the United States, Japan and other countries with global risk appetite picked up. The US-China trade frictions were eased, the domestic economic growth showed signs of rebounding, with consumption and investment served as core drivers. In terms of Bank Deposit and 94.01% liquidity, the US Federal Reserve announced its third rate cut in the Settlement Reserve year to further improve global liquidity. China’s accelerated issuance of special-purpose government bonds, reserve requirement ratio (RRR) cuts and steady LPR kept the macro liquidity reasonably ample. Against such a backdrop, the market Others showed a structural upturn and the ChiNext Index witnessed better performance. In terms of industry, building materials, electronics, household appliances and media performed better, while national Equities Sector Breakdown (% of Total Net Assets) defense, commercial trade and public utilities were experiencing comparatively weak growth. Agriculture, Forestry, Livestock, Fishery 5.42% Manufacturing* 6.63% 17.86% Communication, Software and IT Services Fund Strategy In Q4, this increased its position in stocks, mainly in household Finance 5.16% appliances and chemicals. In terms of individual stocks, a higher 59.33% proportion of allocations were made to stocks with improved prosperity and lower valuations. 0.04% Real Estate Leasing and Commercial Services Top 10 Stock Holdings (% of Total Net Assets) Kweichow Moutai Co., Ltd. 9.53% Luzhou Laojiao Co., Ltd. 9.41% Wuliangye Yibin Co.,Ltd 9.16% Gree Electric Appliances,Inc. of Zhuhai 8.04% Jiangsu Yangnong Chemical Co.,Ltd. 7.35% China Vanke Co.,Ltd. 7.13% Wens Foodstuff Group Co., Ltd. 6.63% Poly Real Estate Group Co., Ltd. 5.96% *Note: according to the CSRC industry classification guideline, Manufacturing consists of Longi Green Energy Technology Co., Ltd. 5.55% 31 subcategories which has including food manufacturing, medical manufacturing, general equipment manufacturing, furniture manufacturing, etc. Manufacturing carries the NanJi E-Commerce Co., LTD 5.42% most subcategories in all industry sectors. Risk Reminder and Important Notice: • These materials are solely for communication and exchange within E Fund Management Co., Ltd. and for use by professional investors. These materials shall not be published or disseminated to any external party including but not limited to distribution in printed format or placing of copies at sales counters. • Any information contained in these materials which originates from this Company and this Fund, including the scale of assets under management, basic information on the fund, past performances, and prizes and awards, does not represent any determinative judgment on this Fund, and does not foretell the actual outcome of future operation of this Fund or the actual return it may yield. Nor does such information constitute any investment advice. The investment return of this Fund may vary as a result of changes in the market environment or other factors. • None of the contents of or statements in these materials shall be legally binding, or shall constitute part of any legal agreement, or shall be regarded as constituting an offer or invitation to treat made to any person, or shall constitute any promise. E Fund Management Co., Ltd. and its employees do not give any investment advice or any guarantee on investment return in respect of the contents of these materials, nor shall E Fund Management Co., Ltd. and its employees assume liability for any direct or indirect loss or damage arising from the use of these materials and the contents thereof by any person. • The information contained in these materials is for reference only and does not serve as promotion or marketing materials or legal documents. For specific details regarding this Fund, please refer to the fund contract and prospectus of this Fund. .