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C-Shares CSI 300 Index ETF Semi-Annual Report 2016

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C-Shares CSI 300 Index ETF Semi-Annual Report 2016 Semi-Annual Report (Unaudited) CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series, an umbrella unit trust established under the laws of Hong Kong) For the period from 1 January 2016 to 30 June 2016 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) CONTENTS Pages MANAGEMENT AND ADMINISTRATION 1 STATEMENT OF FINANCIAL POSITION 2 STATEMENT OF COMPREHENSIVE INCOME 3 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS 4 INVESTMENT PORTFOLIO (Unaudited) 5 - 12 MOVEMENTS IN INVESTMENT PORTFOLIO (Unaudited) 13 - 23 PERFORMANCE RECORD (Unaudited) 24 CHINA UNIVERSAL INTERNATIONAL ETF SERIES –C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) MANAGEMENT AND ADMINISTRATION MANAGER AND RQFII HOLDER SERVICE AGENT OR CONVERSION AGENT China Universal Asset Management (Hong Kong) Company HK Conversion Agency Services Limited Limited 1/F One & Two Exchange Square 3710-11, Two International Finance Centre 8 Connaught Place 8 Finance Street Central, Hong Kong Central Hong Kong AUDITORS Ernst & Young DIRECTORS OF THE MANAGER 22/F, CITIC Tower LI Wen 1 Tim Mei Avenue WAN Qing Central ZHANG Hui Hong Kong ADVISER TRUSTEE China Universal Asset Management Company Limited BOCI-Prudential Trustee Limited 22/F, Aurora Plaza 12/F & 25/F, Citicorp Centre No. 99 Fucheng Road 18 Whitfield Road Pudong District Causeway Bay Shanghai 200120 Hong Kong China CUSTODIAN RQFII CUSTODIAN Bank of China (Hong Kong) Limited Bank of China Limited 14/F, Bank of China Tower No. 1, Fuxingmen Nei Dajie 1 Garden Road Beijing 100818 Central China Hong Kong LEGAL ADVISER TO THE MANAGER REGISTRAR Deacons Computershare Hong Kong Investor Services Limited 5th Floor, Alexandra House 46th Floor, Hopewell Centre 18 Chater Road 183 Queen's Road East Central Wan Chai Hong Kong Hong Kong 1 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) STATEMENT OF FINANCIAL POSITION 30 June 2016 31 December 2015 RMB RMB (Unaudited) (Audited) ASSETS Financial assets at fair value through profit or loss 8,026,592 10,700,908 Prepayment and other receivables 10,832 12,807 Cash and bank balances 132,550 341,949 Deposit reserve-China Exchange Clearing __________- __________- TOTAL ASSETS __________8,169,974 __________11,055,664 LIABILITIES Management fee payable - - Trustee and custodian fees payable 10,000 937 Withholding tax provision 342 721,065 Other payables and accruals __________ 162,779 __________246,527 TOTAL LIABILITIES __________173,121 __________968,529 EQUITY NET ASSETS ATTRIBUTABLE TO UNITHOLDERS __________7,996,853 __________10,087,135 NUMBER OF UNITS IN ISSUE __________600,000 __________600,000 NET ASSET VALUE PER UNIT __________13.3281 __________16.8119 2 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) STATEMENT OF COMPREHENSIVE INCOME For the period from For the period from 1 January 2016 1 January 2015 to 30 June 2016 to 30 June 2015 RMB RMB (Unaudited) (Unaudited) INCOME Dividend income 76,780 523,148 Interest income __________227 __________4,879 __________77,007 __________528,027 EXPENSES Management fee - (252,951) Brokerage commission (1,479) (13,220) Trustee and custodian fees (32,257) (50,590) Auditors' remuneration (98,210) (111,332) Index licensing fee (100,000) (100,000) Professional fee (77,734) (106,111) Other operating expenses __________(172,899) __________(259,861) __________(482,579) __________(894,065) (LOSS) BEFORE INVESTMENT AND EXCHANGE DIFFERENCES (405,572) (366,038) INVESTMENT AND EXCHANGE DIFFERENCES Net change in unrealised losses on financial assets at fair value through profit or loss (1,989,571) (49,540,180) Net realised gains on financial assets at fair value through profit or loss 292,811 73,987,048 Foreign exchange differences __________ (8,988) __________ (815) NET INVESTMENTS AND EXCHANGE (LOSSES)/GAINS __________(1,705,748) __________24,446,053 (LOSS)/PROFIT BEFORE TAX (2,111,320) 24,080,015 Withholding tax credit/(expense) __________21,038 __________(56,391) (LOSS)/PROFIT AFTER TAX AND TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE PERIOD __________(2,090,282) __________24,023,624 3 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS RMB (Unaudited) At 31 December 2014 & 1 January 2015 216,372,653 Subscription of units - Redemption of units (179,512,411) Total comprehensive income for the period ____________24,023,624 At 30 June 2015 ____________60,883,866 RMB (Unaudited) At 31 December 2015 & 1 January 2016 10,087,135 Subscription of units - Redemption of units - Total comprehensive loss for the period ____________(2,090,282) At 30 June 2016 ____________7,996,853 4 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) INVESTMENT PORTFOLIO (Unaudited) As at 30 June 2016 Market Holdings Value % of Shares RMB NAV Financial assets at fair value through profit or loss Listed Securities China (100%) AGRICULTURAL BANK OF CHINA LTD-A 28,272 90,470 1.13% AIER EYE HOSPITAL GROUP CO LTD-A 550 20,092 0.25% AIR CHINA LTD -A 2,300 15,548 0.19% AISINO CO LTD -A 1,048 24,942 0.31% ALPHA GROUP-A 404 12,100 0.15% ALUMINUM CORP OF CHINA LTD-A 3,700 13,949 0.17% ANGANG STEEL CO LTD-A 2,500 9,575 0.12% ANHUI CONCH CEMENT CO LTD-A 2,474 35,972 0.45% AURORA OPTOELECTRONICS CO LTD-A 300 10,428 0.13% AVIC AERO-ENGINE CONTROLS CO LTD-A 400 10,560 0.13% AVIC AIRCRAFT CO LTD -A 1,208 23,786 0.30% AVIC AVIATION ENGINE CORP PLC-A 710 24,602 0.31% AVIC CAPITAL CO LTD-A 5,536 32,552 0.41% AVIC HELICOPTER CO LTD-A 300 12,444 0.16% BANK OF BEIJING CO LTD-A 7,428 77,028 0.96% BANK OF CHINA LTD-A 15,469 49,655 0.62% BANK OF COMMUNICATIONS CO LTD-A 27,719 156,058 1.95% BANK OF NANJING CO LTD -A 3,627 34,058 0.43% BANK OF NINGBO CO LTD-A 2,234 33,019 0.41% BAOSHAN IRON & STEEL CO LTD-A 5,814 28,489 0.36% BBMG CORP-A 1,402 10,866 0.14% BEIJING CAPITAL CO LTD-A 2,200 8,558 0.11% BEIJING CAPITAL DEVELOPMENT CO LTD-A 1,100 12,232 0.15% BEIJING DABEINONG TECHNOLOGY GROUP CO LTD -A 2,343 18,885 0.24% BEIJING ENLIGHT MEDIA CO LTD-A 1,020 11,791 0.15% BEIJING GEHUA CATV NETWORK CO LTD-A 700 10,647 0.13% BEIJING JINGNENG POWER CO LTD-A 3,400 14,552 0.18% BEIJING ORIGINWATER TECHNOLOGY CO LTD-A 1,725 25,668 0.32% BEIJING SHIJI INFORMATION TECHNOLOGY CO LTD-A 300 7,914 0.10% BEIJING TONGRENTANG CO LTD -A 838 24,964 0.31% BEIJING ULTRAPOWER SOFTWARE CO LTD -A 1,500 15,960 0.20% BEIJING XINWEI TELECOM TECHNOLOGY GROUP CO LTD- A 1,100 19,624 0.25% BEIJING YANJING BREWERY CO LTD-A 1,900 14,421 0.18% BLUEFOCUS COMMUNICATION GROUP CO LTD-A 1,495 14,516 0.18% BOE TECHNOLOGY GROUP CO LTD-A 17,500 40,425 0.51% BOHAI FINANCIAL INVESTMENT HLDG CO LTD-A 1,700 11,594 0.14% BYD CO LTD -A 492 30,017 0.38% BY-HEALTH CO LTD-A 600 8,124 0.10% CECEP WIND POWER CORP-A 200 1,986 0.02% CHANGJIANG SECURITIES CO LTD-A 4,000 46,400 0.58% CHINA AVIONICS SYSTEMS CO LTD-A 668 13,006 0.16% CHINA BAOAN GROUP CO LTD-A 1,582 21,673 0.27% 5 CHINA UNIVERSAL INTERNATIONAL ETF SERIES – C-SHARES CSI 300 INDEX ETF (A Sub-Fund of China Universal International ETF Series) INVESTMENT PORTFOLIO (Unaudited) (continued) As at 30 June 2016 Market Holdings Value % of Shares RMB NAV Financial assets at fair value through profit or loss (continued) Listed Securities China (100%) CHINA CITIC BANK CORP LTD-A 2,929 16,607 0.21% CHINA COAL ENERGY CO LTD-A 2,367 12,214 0.15% CHINA COMMUNICATIONS CONSTRUCTION CO LTD -A 1,400 14,742 0.18% CHINA CONSTRUCTION BANK CORP -A 6,768 32,148 0.40% CHINA COSCO HLDGS CO LTD-A 3,300 16,764 0.21% CHINA CSSC HLDGS LTD-A 920 20,479 0.26% CHINA EASTERN AIRLINES CORP LTD-A 3,300 21,813 0.27% CHINA EVERBRIGHT BANK CO LTD-A 11,753 44,191 0.55% CHINA FIRST HEAVY INDUSTRIES CO LTD-A 3,000 15,630 0.20% CHINA FORTUNE LAND DEVELOPMENT CO LTD-A 826 20,138 0.25% CHINA GEZHOUBA GROUP CO LTD -A 3,170 18,449 0.23% CHINA HAINAN RUBBER INDUSTRY GROUP CO LTD-A 1,462 8,173 0.10% CHINA INTL MARINE CONTAINERS (GROUP) CO LTD-A 1,123 15,913 0.20% CHINA INTL TRAVEL SERVICE CORP LTD-A 400 17,592 0.22% CHINA LIFE INSURANCE CO LTD-A 878 18,280 0.23% CHINA MERCHANTS BANK CO LTD-A 7,576 132,580 1.66% CHINA MERCHANTS ENERGY SHIPPING CO LTD-A 2,100 9,828 0.12% CHINA MERCHANTS SECURITIES CO LTD -A 2,768 45,672 0.57% CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE CO LTD-A 735 10,474 0.13% CHINA MINSHENG BANKING CORP LTD-A 23,271 207,810 2.60% CHINA MOLYBDENUM CO LTD-A 900 3,735 0.05% CHINA NATIONAL CHEMICAL ENGINEERING CO LTD-A 2,520 13,936 0.17% CHINA NATIONAL NUCLEAR POWER CO LTD-A 4,600 31,418 0.39% CHINA NORTHERN RARE EARTH GROUP HI-TECH CO LTD- A 2,743 36,509 0.46% CHINA OILFIELD SERVICES LTD-A 694 8,432 0.11% CHINA PACIFIC INSURANCE (GROUP) CO LTD-A 2,302 62,246 0.78% CHINA PETROLEUM & CHEMICAL CORP-A 7,690 36,297 0.45% CHINA RAILWAY CONSTRUCTION CORP LTD-A 3,400 33,864 0.42% CHINA RAILWAY GROUP LTD -A 5,548 38,670 0.48% CHINA RESOURCES SANJIU MEDICAL & PHARMACEUTICAL CO LTD-A 500 12,110 0.15% CHINA SHENHUA ENERGY CO LTD-A 2,359 33,191 0.42% CHINA SHIPBUILDING INDUSTRY CO LTD-A 7,980 50,513 0.63% CHINA SHIPPING CONTAINER LINES CO LTD-A 3,400 13,464 0.17% CHINA SOUTH PUBLISHING & MEDIA GROUP CO LTD-A 891 16,136 0.20% CHINA SOUTHERN AIRLINES CO LTD-A 4,500 31,770 0.40% CHINA SPACESAT CO LTD -A 655 22,008
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