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Chinaamc ETF Series Chinaamc CSI 300 Index ETF Unaudited Semi

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Chinaamc ETF Series Chinaamc CSI 300 Index ETF Unaudited Semi ChinaAMC ETF Series ChinaAMC CSI 300 Index ETF Unaudited Semi-Annual Report For the period from 1st January 2013 to 30th June 2013 UNAUDITED SEMI-ANNUAL REPORT ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) For the period from 1st January 2013 to 30th June 2013 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) CONTENTS Pages MANAGEMENT AND ADMINISTRATION 2 - 3 REPORT OF THE MANAGER TO THE UNITHOLDERS 4 - 5 FINANCIAL STATEMENTS Statement of financial position 6 Statement of comprehensive income 7 Statement of changes in net assets attributable to unitholders 8 Statement of cash flows 9 - 10 INVESTMENT PORTFOLIO 11 - 20 MOVEMENTS IN INVESTMENT PORTFOLIO 21 - 28 PERFORMANCE RECORD 29 IMPORTANT: Any opinion expressed herein reflects the Manager’s view only and is subject to change. For more information about the Sub-Fund, please refer to the prospectus of the Sub-Fund which is available at our website: http://etf.chinaamc.com.hk/HKen/CSI300 Investors should not rely on the information contained in this report for their investment decisions. ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) MANAGEMENT AND ADMINISTRATION Manager Investment Adviser China Asset Management (Hong Kong) Limited China Asset Management Co., Ltd. 37/F, Bank of China Tower, 3/F Tower B, Tongtai Building, 1 Garden Road, Central No. 33 Finance Street Hong Kong Xicheng District, Beijing People’s Republic of China Directors of the Manager Administrator and Custodian Mr. Fan Yonghong Citibank, N.A. Mr. Wang Dongming 50/F, Citibank Tower, Citibank Plaza Mr. Teng Tianming 3 Garden Road, Central Mr. Cheng Haiyong Hong Kong Mr. Zhou Quan Trustee Registrar Cititrust Limited Computershare Hong Kong Investor Services 50/F, Citibank Tower, Citibank Plaza Limited 3 Garden Road, Central 46/F, Hopewell Centre, Hong Kong 183 Queen’s Road East, Wanchai Hong Kong PRC Custodian Service Agent Citibank (China) Co., Limited HK Conversion Agency Services Limited Citigroup Tower 2/F, Infinitus Plaza No. 33, Hua Yuan Shi Qiao Road 199 Des Voeus Road, Central Lu Jia Zui Finance and Trade Area, Shanghai Hong Kong People’s Republic of China Auditors Legal Counsel to the Manager Ernst & Young Simmons & Simmons 22nd Floor, Citic Tower 13/F, One Pacific Place 1 Tim Mei Avenue, Central 88 Queensway, Central Hong Kong Hong Kong 2 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) MANAGEMENT AND ADMINISTRATION (continued) Participating Dealers ABN AMRO Clearing Hong Kong Limited Guotai Junan Securities (Hong Kong) Limited Level 70, International Commerce Centre 27/F, Low Block, Grand Millennium Plaza, 181 1 Austin Road West, Kowloon Queen's Road, Central Hong Kong Hong Kong China International Capital Corporation Hong Haitong International Securities Company Limited Kong Securities Limited 22/F, Li Po Chun Chambers, 29/F, One International Finance Centre 189 Des Voeux Road, Central 1 Harbour View Street, Central Hong Kong Hong Kong China Merchants Securities (HK) Co., Limited The Hongkong and Shanghai Banking Corporation 45/F, One Exchange Square Limited 8 Connaught Place, Central Level 18, HSBC Main Building, Hong Kong 1 Queen’s Road, Central Hong Kong CITIC Securities Brokerage (HK) Limited Merrill Lynch Far East Limited 26/F CITIC Tower 15th Floor, Citibank Tower 1 Tim Mei Avenue, Central 3 Garden Road, Central Hong Kong Hong Kong Citigroup Global Markets Asia Limited Nomura International (Hong Kong) Limited 50/F, Citibank Tower 30/F, Two International Finance Centre Citibank Plaza, 3 Garden Road, Central 8 Finance Street, Central Hong Kong Hong Kong Credit Suisse Securities (Hong Kong) Limited Standard Chartered Bank (Hong Kong) Limited 88/F, International Commerce Centre 15/F Standard Chartered Tower 1 Austin Road West, Kowloon 388 Kwun Tong Road Hong Kong Kwun Tong, Kowloon Hong Kong Deutsche Securities Asia Limited UBS Securities Hong Kong Limited 52/F, International Commerce Centre 42/F, One Exchange Square, Central 1 Austin Road West, Kowloon Hong Kong Hong Kong Goldman Sachs (Asia) Securities Limited BOCI Securities Limited 68/F, Cheung Kong Center 20/F, Bank of China Tower, 1 Garden Road, 2 Queen’s Road, Hong Kong Central, Hong Kong 3 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) REPORT OF THE MANAGER TO THE UNITHOLDERS Introduction The ChinaAMC CSI 300 Index ETF (the “Sub-Fund”) is a sub-fund of ChinaAMC ETF Series, a Hong Kong umbrella unit trust, authorised under Section 104 of the Securities and Futures Ordinance (Cap.571) of Hong Kong. Its RMB counter (stock code: 83188) and HKD counter (stock code: 3188) commenced trading on the Stock Exchange of Hong Kong Limited (the “SEHK”) on 17 July 2012 and 26 October 2012 respectively. The Sub-Fund is an index-tracking fund that seeks to track the performance of the CSI 300 Index (the “Index”). The Manager primarily use a full replication strategy through investing directly in securities included in the Index in substantially the same weightings in which they are included in the Index, through the Renminbi Qualified Foreign Institutional Investor (“RQFII”) investment quota of RMB 15 billion (as of 30 June 2013) granted to the Manager by the State Administration of Foreign Exchange (the “SAFE”). The Manager may also use a representative sampling strategy where it is not possible to acquire certain securities which are constituents of the Index due to restrictions or limited availability. This means that the Sub-Fund will invest directly in a representative sample of securities that collectively has an investment profile that aims to reflect the profile of the Index, through the RQFII investment quota granted to the Manager by the SAFE. The securities constituting the representative sample may or may not themselves be constituents of the Index. Performance of the Sub-Fund The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the Index. There can be no assurance that the Sub-Fund will achieve its investment objective. A summary of the performance of the Sub-Fund is shown below: Performance in respective currency1: 1-Month 3-Month 2013 YTD 2012 Since Inception CSI 300 Index -15.57% -11.80% -12.78% 5.13%2 -8.30%2 RMB Counter of the Sub- -13.99% -10.72% -11.84% 3.98%2 -8.33%2 Fund (NAV-to-NAV) RMB Counter of the Sub- -14.31% -11.54% -13.29% 4.13%3 -9.71%3 Fund (Market-to-Market) HKD Counter of the Sub- -13.94% -9.81% -10.61% 9.14%4 -2.44%4 Fund (NAV-to-NAV) HKD Counter of the Sub- -14.15% -10.82% -12.24% 11.72%5 -1.95%5 Fund (Market-to-Market) 4 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) REPORT OF THE MANAGER TO THE UNITHOLDERS (continued) 1 Source: Bloomberg, as of the end of June 2013. All performances are without dividends reinvested. Performances of CSI 300 Index and RMB Counter of the Sub-Fund are calculated in RMB while performances of HKD Counter of the Sub-Fund are calculated in HKD. 2 Calculated since 16 July 2012 3 Calculated since 17 July 2012 4 Calculated since 25 October 2012 5 Calculated since 26 October 2012 Activities of the Sub-Fund According to Bloomberg, the average daily trading volume of the Sub-Fund was approximately RMB 278,772,278 for two counters units from 1 January 2013 to 30 June 2013. As of 30 June 2013, there were 473,100,000 units outstanding (trade date basis). Activities of the Index There was a rebalance of CSI 300 Index effective on January 4, 2013. As of 30 June 2013, the Sub-Fund comprised of all 300 constituent stocks in the Index. 5 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) STATEMENT OF FINANCIAL POSITION As at 30 June 2013 30 June 2013 31 December 2012 (Unaudited) (Audited) RMB RMB ASSETS Financial assets at fair value through profit or loss 10,305,733,273 14,092,039,164 Prepayment and other receivables 36,985,318 1,935,498 Amount due from broker 308,360,902 - Cash and cash equivalents 229,453,349 169,200,343 TOTAL ASSETS 10,880,532,842 14,263,175,005 LIABILITIES Management fee payable 16,182,454 6,899,210 Custodian, fund administration and trustee fees payable 2,601,898 2,266,404 Withholding tax provision 112,342,330 134,742,397 Amount payable on redemption of units 313,661,025 - Amount due to broker 20,685,585 - Other payables and accruals 1,457,936 778,360 TOTAL LIABILITIES 466,931,228 144,686,371 NET ASSETS ATTRIBUTABLE TO UNITHOLDERS 10,413,601,614 14,118,488,634 NUMBER OF UNITS IN ISSUE 473,100,000 565,500,000 NET ASSET VALUE PER UNIT 22.0114 24.9664 6 ChinaAMC CSI 300 Index ETF (a Sub-Fund of ChinaAMC ETF Series) STATEMENT OF COMPREHENSIVE INCOME For the period from 1 January 2013 to 30 June 2013 1 January 2013 to 11 July 2012 to 30 June 2013 31 December 2012 (Unaudited) (Audited) RMB RMB INCOME Dividend income 169,442,985 18,317,218 Interest income 310,223 365,979 169,753,208 18,683,197 EXPENSES Management fees ( 48,152,253) ( 18,494,714) Brokerage fees ( 2,858,906) ( 10,281,372) Custodian, fund administration and trustee fees ( 4,815,169) ( 1,859,897) Audit fee ( 153,084) ( 52,692) Index licensing fee ( 24,702) ( 23,419) Data licensing fee ( 2,781,309) ( 1,071,161) Formation costs ( 188,439) ( 174,905) Other operating expenses ( 4,833,112) ( 2,037,835) ( 63,806,974) ( 33,995,995) PROFIT/(LOSS) BEFORE INVESTMENT AND EXCHANGE DIFFERENCES 105,946,234 ( 15,312,798) INVESTMENT AND EXCHANGE DIFFERENCES Net change in unrealized (loss)/gain on financial assets at fair value through profit or loss ( 1,607,018,442) 1,238,249,402 Net foreign exchange loss ( 310) ( 325) NET INVESTMENTS AND EXCHANGE
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