Description

This investment vehicle aims to replicate the total return performance, before accounting for expenses, of its benchmark, the J.P. Morgan China Government + Policy Bank 20% Capped 1-10 Year Index. The aforementioned index is constructed to mirror the returns of qualifying fixed-rate bonds, denominated in Chinese Yuan (CNY) and issued by the Chinese government and policy banks, which have maturities between one and ten years. The fund achieves its objective by investing directly in the securities that constitute this index. It follows a passive investment strategy. While specific currency-hedged share classes are designed to diminish the impact of exchange rate fluctuations between their designated currency and the index's currency, it's important to note that the currency risk between the CNY and USD is not hedged.