中銀保誠簡易強積金計劃 — 季度基金便覽 2016 Factsheet Q3 2016.pdf · • 若你沒有選擇任何投資分佈，請緊記你所作出的供款及╱或轉移入中銀保誠簡易

• 註：單位價格、基金總值、推出日期及基金開支比率由中銀國際英國保誠信託有限公司提供。其他有關資料由中銀國際英國保誠資產管理有限公司提供。

• 基金報價均扣除投資管理費及其他費用。有關其他費用及收費詳情，請參閱中銀保誠簡易強積金計劃之介紹手冊第7節－「費用及收費」。基金表現是按單位資產淨值作為比較基礎，以港元為計算單位，其股息並作滾存投資。

• 免責條款：所有資料更改恕不另行通知。再者，本文件只用作提供資料性用途，並不構成任何推廣或推銷買賣任何證券之邀請。

• 中銀保誠簡易強積金計劃基金便覽會定期以季度形式出版。如欲索取季度基金便覽，歡迎瀏覽本公司網址或致電客戶服務熱線與我們聯絡。

• 本文件由中銀國際英國保誠資產管理有限公司發行。本公司嚴禁一切翻印及再發行。• 本文件所載的基金經理評論只反映基金經理於本文件刊發日期時之意見、看法及詮釋，投資者不應僅依賴有關資訊而作出投資決定。

• 您可隨時選擇不收取任何由中銀國際英國保誠資產管理有限公司所寄出的市場推廣郵件。欲作出此安排，請致函本公司或電郵至 [email protected]。

• Note:TheNAV,FundSize,LaunchDateandFundExpenseRatioareprovidedbyBOCI-PrudentialTrusteeLimited.OtherrelevantinformationisprovidedbyBOCI-PrudentialAssetManagementLimited.

• TheFundpriceswerecalculatedafterdeductionof investmentmanagementfeeandotherrespectivecharges.Fordetailsofotherfeesandcharges,pleaserefertoSection7–"FeesandCharges"ofthePrincipalBrochureofBOC-PrudentialEasy-ChoiceMandatoryProvidentFundScheme.FundperformanceiscalculatedinHK$onNAV-to-NAVbasiswithgrossdividendreinvested.

• Disclaimer:Thecontentsof thedocumentare subject tochangewithout furthernotice. Inaddition, thisdocument is forinformationalpurposesonlyand the informationcontainedhereindoesnotconstituteadistribution,anoffer tosellor thesolicitationofanoffertobuyanysecurities.

• BOC-PrudentialEasy-ChoiceMandatoryProvidentFundSchemeFundFactSheetwillbepublishedonaquarterlybasis.Ifyouwishtoobtaincopies,pleasevisitourCompanywebsiteorcontactourCustomerServiceHotline.

• Thisdocument is issuedbyBOCI-PrudentialAssetManagementLimited.Allcopyrightsare reserved.Thereproductionof theinformationinthisdocumentisprohibited.

• Themanager'scommentinthisdocumentsolelyreflectstheopinion,viewandinterpretationofthefundmanagersasofthedateofissuanceofthisdocument.Investorsshouldnotsolelyrelyonsuchinformationtomakeanyinvestmentdecision.

• YoumayatanytimechoosenottoreceiveanymarketingmailingsfromBOCI-PrudentialAssetManagementLimited.Tomakesucharrangement,[email protected].

Quarterly Market OverviewMarket sentiment continued to improve as economic indicators held up despite the shock from “Brexit” vote. US Treasury traded weaker on risk asset rally and improving US labor market. However, global growth uncertainty and modest wage growth failed to accelerate inflationary pressure. Subdued inflation expectation lend support to US Treasury and limited the downside. In September meeting, the Fed sent a strong signal that the Fed is ready to hike rate this year. As such, consensus is building that the Fed might hike rate in December FOMC meeting. In summary, 10-year US Treasury yield rose by 13 basis points while 2-year

yield rose by 18 basis points. Yield curve flattened.

In the Eurozone, modest recovery persisted but inflationary pressure stayed muted, justifying continuation of ECB's accommodative policy. Relentless buying by ECB lent support to European bond markets, explaining the outperformance. 10-Year bund yield recorded little change over the quarter with a steepened yield curve. Despite mounting concern over constitutional referendum in Italy, peripheral bond markets outperformed on the back of improved market sentiment. 10-Year Italian and Spanish bond yield fell by 7 basis points and 28 basis points over the quarter.

Global equity markets rose during the third quarter. Overall level of global economic growth remained moderate and continued to feel recession like at times. Accompanying this, is the pattern of mood swing between fears of hawkish central banks at one point, to the optimism from central banks becoming easier during another time, largely dominated equity price movements. July saw the most of the price gain for third quarter as market recovered from previous fear of global slowdown. By September, disappointing effort of the ECB and BoJ was capping equity market. Large gain in emerging markets appeared to have run out of steam after the initial phase of recovery “hope”. Expectation of subsequent Fed's rate hike and uncertain direction of oil price may be capping near-term return. Volatility in equity market will likely increase in the near term as investors focus on China's upcoming Plenary Session and US presidential election.

市場概覽由於經濟指標在「英國脫歐」公投的震蕩下仍得以保持，市場情緒繼續改善。美國國債隨著風險資產上升和美國勞動市場改善而轉弱。然而，全球增長不確定性和工資溫和增長未能令通脹壓力加速。通脹預期受壓為美國國債帶來支持，並限制下行走勢。聯儲局於9月份會議上強烈表示已準備今年加息。因此，市場正就聯儲局將可能於12月份聯邦公開市場委員會會議上加息建立共識。總括而言，10年期美國國債孳息上升13點子，而2年期孳息則上升18點子。孳息曲線趨平。歐元區方面，溫和復甦持續但未見通脹壓力，為歐洲央行繼續推行寬鬆政策提供理由。歐洲央行持續購買資產支持歐洲債市且顯著利好其表現。10年期德國國債孳息按季變動不大，而孳息曲線則趨陡。儘管對意大利修憲公投的憂慮升溫，但周邊債券市場在市場情緒改善下表現優異。10年期意大利和西班牙債券孳息分別按季下跌7點子和28點子。環球股市於第3季度上升。全球經濟增長水平整體上仍然溫和，並繼續不時像處於衰退。與此同時，對央行一方面強硬態度的恐懼和另一方面轉趨更寬鬆的樂觀態度引發情緒來回擺動模式，並很大程度上主導股票價格走向。由於市場從早前的全球經濟放緩恐慌中恢復過來，第3季度大部份的價格升幅源自7月份。9月份前，歐洲央行和日本央行的行動令人失望，並限制股市表現。在早段的經濟復甦「期望」後，新興市場似乎已失去大幅上升的動力。對聯儲局隨後加息的預期和油價走向未明將可能令短期回報有限。由於投資者關注中國即將舉行的全體會議和美國總統大選，股市波動性將於短期內走高。

中銀保誠簡易強積金計劃 — 季度基金便覽BOC-Prudential Easy-ChoiceMandatory Provident Fund Scheme –Quarterly Fund Fact Sheet

2016 第三季3rd Quarter

重要資訊 – 一般• 在作出任何投資選擇前，你必須評估你可承受的風險程度及本身的財務狀況；當你選擇基金時，若不能肯定某些基金是否適合自己（包括是否與你的投資目標一致），你應諮詢財務及╱或專業人士的意見，以作出最切合個人狀況的基金選擇。

• 若你沒有選擇任何投資分佈，請緊記你所作出的供款及╱或轉移入中銀保誠簡易強積金計劃的累算權益將根據成員申請表及介紹手冊第4.4部份所指的預設基金安排，被視為投資於中銀保誠平穩基金，而此基金並不一定適合你。

• 強積金保守基金的費用及收費可（一）透過扣除資產收取；或（二）透過扣除成員賬戶中的單位收取。中銀保誠強積金保守基金採用方式（一）收費，故所列之單位價格╱資產淨值╱基金表現已反映費用及收費之影響。

• 你不應只依賴這宣傳品來作出任何投資決定，計劃詳情（包括風險因素、費用及收費及基金資料）請參閱中銀保誠簡易強積金計劃之介紹手冊。

• 投資涉及風險。成分基金單位價格可跌亦可升。過去的表現並不代表未來的表現。重要資訊 – 分期提取累算權益• 若你年屆 (i) 法定退休年齡六十五歲或 (ii) 提前退休年齡六十歲，並以法定聲明向受託人證明你已永久終止僱用或自僱，由2016年2月1日起開始，你可選擇按你指定的提取款額分期提取累算權益。有關你分期提取累算權益的申請，受託人不會就每公曆年的首四 (4) 期付款及就支付最後一期中銀保誠簡易強積金計劃（「本計劃」）下之所有剩餘及應支付之累算權益的款額收取任何費用，除該等情況外，受託人將會在每次的分期提取累算權益收取按介紹手冊第7.1節表格 (E) 所列出之港幣100元之手續費用，而該費用將在你提取款額中扣取。你可於受託人網頁www.bocpt.com下載有關分期提取累算權益之表格。你亦可於受託人位於香港銅鑼灣威非路道18號萬國寶通中心24樓2403室的客戶服務中心取得該表格或致電29293030與本計劃之受託人客戶服務代表查詢詳情。

基金經理 Fund Manager:中銀國際英國保誠資產管理有限公司BOCI-Prudential Asset Management Limited

香港中環花園道1號中銀大廈27字樓27/F, Bank of China Tower,1 Garden Road, Central, Hong Kong

受託人 Trustee:中銀國際英國保誠信託有限公司BOCI-Prudential Trustee Limited

香港銅鑼灣威非路道18號萬國寶通中心24字樓2403室Unit 2403, 24/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong

強積金開戶及產品熱線 MPF Application and Product Hotline: 2280 8686 積金行政熱線 MPF Administration Hotline: 2929 3030 網址 Website: http://www.boci-pru.com.hk

Important Information — General• Youshouldconsideryourownrisktolerancelevelandfinancialcircumstancesbeforemakinganyinvestment

choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you(includingwhetheritisconsistentwithyourinvestmentobjectives),youshouldseekfinancialand/orprofessionaladviceandchoosethefund(s)mostsuitableforyoutakingintoaccountyourcircumstances.

• Intheeventthatyoudonotmakeanyinvestmentchoices,pleaseberemindedthatyourcontributionsmadeand/orbenefitstransferredintoBOC-PrudentialEasy-ChoiceMandatoryProvidentFundSchemewillbeinvestedintoBOC-PrudentialStableFundinaccordancewiththedefaultfundarrangementasstatedin member enrolment form and principal brochure section 4.4, and such fund may not necessarily be suitable for you.

• FeesandchargesofaMPFconservativefundcanbedeductedfromeither(i)theassetsofthefundor(ii)members'accountbywayofunitdeduction.TheBOC-PrudentialMPFConservativeFundusesmethod(i)and,therefore,unitprices/NAV/fundperformancequotedhaveincorporatedtheimpactoffeesandcharges.

• Youshouldnotsolelyrelyonthestand-alonemarketingmaterialtomakeanyinvestmentdecision.PleaserefertothePrincipalBrochureofBOC-PrudentialEasy-ChoiceMandatoryProvidentFundSchemeforfurtherdetails(includingriskfactors,feesandcharges,andfundinformation).

• Investment involves risks. Prices of units of the constituent funds may go down as well as up. The past performance information is not indicative of future performance.

Important Information — Withdrawal of Accrued Benefits by Instalments • Ifyouhaveattained(i)thenormalretirementageof65or(ii)theearlyretirementageof60andcertify

totheTrusteebystatutorydeclarationthatyouhavepermanentlyceasedyouremploymentorself-employment, you may choose to withdraw accrued benefits by way of instalments by specifying the exact instalment amount from 1st February 2016. In respect of your application for withdrawal of accrued benefitsbyinstalments,theTrusteewillnotchargeanyfeeforpaymentofthefirstfour(4)instalmentsin each calendar year and payment of the final instalment for all remaining and payable accrued benefits underBOC-PrudentialEasy-ChoiceMandatoryProvidentFundScheme(the"Scheme").Otherthansuchcircumstances, the Trustee will charge a handling fee of HK$100 per withdrawal of accrued benefits by instalmentsasspecifiedinTable(E)ofprincipalbrochuresection7.1,andsuchfeewillbedeductedfromyourwithdrawalamount.YoumaydownloadtherelevantformsforwithdrawalofaccruedbenefitsbyinstalmentsfromtheTrustee’swebsitewww.bocpt.com.YoumayalsoobtaintherelevantformsfromTrustee’sCustomerServiceCentreatUnit2403,24/F.,CiticorpCentre,18WhitfieldRoad,CausewayBay,HongKongorcallTrustee’sCustomerServicesRepresentativeoftheSchemeat29293030forfurtherinformation.

01投資涉及風險。成分基金單位之認購價及贖回價可跌亦可升。過去的表現並不代表未來的表現。Investment involves risks. The subscription and redemption prices of units of the constituent funds may go down as well as up. The past performance information presented is not indicative of future performance.

BOC-Prudential China Equity Fund 中銀保誠中國股票基金基金類別 - 股票基金 (中國)FUND DESCRIPTOR - Equity Fund (China)

基金類別 - 股票基金 (香港)FUND DESCRIPTOR - Equity Fund (Hong Kong)BOC-Prudential Hong Kong Equity Fund 中銀保誠香港股票基金

投資政策 INVESTMENT POLICY中銀保誠中國股票基金為一股票基金，旨在向投資者提供長期的資本增長，其持有的非現金資產最少70%將投資於傘子單位信託的中國股票子基金。投資經理現時的意向是在一般情況下，有關子基金將主要投資於規例附表1和積金局不時發出相關的守則和指引所准許，其活動及業務與中華人民共和國的經濟發展有密切聯繫的公司的香港上市股票及股票相關證券（包括認股權證和可換股證券）。此子基金的投資可以尋求接觸到中華人民共和國的證券市場。此子基金亦可投資於在中國內地及香港以外的證券交易所上市/掛牌的證券，該等證券可於紐約、倫敦或新加坡的證券交易所上市，例如美國預托證券及全球預托證券等證券，條件是該等證券是由其活動及業務與中華人民共和國的經濟發展有密切聯繫的公司發行的。投資經理可按情況不時調整投資項目的地理分佈。有關子基金亦可投資於核准緊貼指數集體投資計劃及其他准許的證券。投資範圍或包括現金、定期存款、貨幣市場或定息證券。The BOC-Prudential China Equity Fund is an equity fund which aims to provide investors with long term capital growth by investing at least 70% of the Fund's non-cash assets in the China equity sub-fund of the Umbrella Unit Trust. It is the current intention of the Investment Manager that the sub-fund will, under normal circumstances, invest primarily in Hong Kong listed equities and equity related securities (including warrants and convertible securities) as permitted under Schedule 1 to the Regulation and the relevant codes and guidelines as may be issued by the Authority from time to time of companies whose activities and business are closely related to the economic development of the People's Republic of China. The sub-fund may seek to gain exposure to the stock markets of the People's Republic of China. The sub-fund may also invest in other China related securities listed or quoted outside mainland China and Hong Kong if such securities are issued by companies whose activities and business are closely related to the economy development of the People's Republic of China. These securities may be listed on the stock exchanges in New York, London or Singapore, such as ADRs (American depository receipts) and GDRs (global depository receipts). The Investment Manager may adjust the geographic allocation of the investment as it deems appropriate from time to time. The sub-fund may also invest in approved ITCIS† and Other Permitted Securities. Where appropriate, cash, time deposits, money market or fixed income securities may be considered.

基金經理評論△ MANAGER'S COMMENT△

工業生產於7月份和8月份按年上漲6.2%，高於第2季度的6.1%。第3季度國內生產總值增長將可能與第2季度所錄得的6.7%增長相同。工業生產增長因出口跌幅收窄而有所改善，而國內需求則大致上維持不變。在此背景下，政策仍然寬鬆。由於食品通脹於踏入2016年第2季度急速放緩，消費物價指數通脹有所緩和。對人民幣前景的預期輕微改善：9月份的在岸人民幣遠期合約反映兌美元貶值0.9%，相對6月底的1.3%。主要受原材料相關持股所拖累，本基金於第3季度表現輕微遜於參考指數的升幅。本基金將在未來數月維持觀望態度於：(i) 息差在最新的美元利率軌跡下對人民幣所帶來的影響、(ii) 中國最近公佈的經濟數據、(iii) 深港通臨近所引致的資金流向潛在變化，以及 (iv) 「英國脫歐」公投後歐盟和英國之間正式的脫離談判對市場的影響。本基金亦將專注於很可能受惠於政府刺激政策的行業，並把握市場弱勢時優化其持股。Industrial output rose 6.2% year-on-year during July and August, up from 6.1% in second quarter. The third quarter GDP growth would likely in line with the 6.7% growth recorded in the second quarter. Industrial output growth improved as exports fell less while domestic demand largely remained. Against this backdrop, loosening policies remained in place. CPI inflation moderated as food inflation slowed quickly entering second half of 2016. Expectations of RMB's outlook has improved slightly: 12-month onshore RMB forwards suggested a 0.9% depreciation against USD at end-September, versus 1.3% at end-June. The Fund slightly underperformed the advance of benchmark index in the third quarter, mainly due to the Basic Materials related exposure. In coming months, the Fund would maintain a watchful stance on: (i) the impact of interest rate differential on RMB with reference to the latest trajectory of USD interest rate; (ii) China's latest economic releases; (iii) potential changes of fund flows corresponding to the upcoming Shenzhen-Hong Kong Stock Connect; and (iv) market impact of the formal separation negotiation between Eurozone and UK after the “Brexit” referendum. The Fund would also focus on sectors with high beneficial likelihood from government stimulus and capitalize on market weakness to optimize its stockholdings.

消費服務Consumer Services

0.7%

原材料Basic Materials

3.5%健康護理

Health Care2.0%

公用Utilities3.0%

現金及其他(4)

Cash & Others 3.1%

金融Financials

43.2%科技

Technology11.4%

消費品Consumer Goods

6.0%

電訊Telecommunications

9.9%

石油及天燃氣Oil & Gas

8.4%工業Industrials

8.8%

基金資產分佈 Asset Allocation(3)

截至2016年9月30日 As at 30 September 2016

投資政策 INVESTMENT POLICY中銀保誠香港股票基金為一股票基金，旨在爭取長期的資本增長，其持有的非現金資產最少70%將投資於傘子單位信託的香港股票子基金。在一般情況下，有關子基金將主要投資於規例附表1和積金局不時發出相關的守則和指引所准許，其在香港經營或與香港經濟具直接或間接關係之公司的上市股票及股票相關證券。有關子基金亦可投資於核准緊貼指數集體投資計劃及其他准許的證券。投資範圍或包括現金、定期存款、貨幣市場或定息證券。The BOC-Prudential Hong Kong Equity Fund is an equity fund which aims to provide investors with long term capital growth by investing at least 70% of the Fund's non-cash assets in the Hong Kong equity sub-fund of the Umbrella Unit Trust. Under normal circumstances, the sub-fund will invest mainly in the listed equities and equity related securities as permitted under Schedule 1 to the Regulation and the relevant codes and guidelines as may be issued by the Authority from time to time of companies operating in Hong Kong, or linked either directly or indirectly to the Hong Kong economy. The sub-fund may also invest in approved ITCIS† and Other Permitted Securities. Where appropriate, cash, time deposits, money market or fixed income securities may be considered.


受投資持續上升，以及消費和出口均有所復甦所帶動，香港第2季度本地生產總值增長優於預期。出口反彈大致上反映了發展中的科技週期和新產品發佈。核心消費物價指數仍相對溫和。我們預期上述趨勢將在短期內持續。市場於第3季度保持上升趨勢，而動力源自：（1）深港通細節已公佈，並計劃於11月份開通；（2）資金可能在避險情緒逆轉下流入；（3）對美國可能延遲加息的預期。地產發展商表現最優異。受某間具領先地位的國際性銀行回購股份所帶動，金融行業表現強勁，而公用行業表現則最遜色。本基金錄得正回報，但遜於參考指數表現。隨著中國經濟出現穩定跡象，市場可能於短期內繼續窄幅上落，因主要外圍事件如中共第十八屆六中全會、美國總統大選、意大利公投和美國聯儲局會議展開。我們將在市場弱勢時增持具穩健增長潛力和受惠於中國政府政策的企業以作中期投資。Hong Kong's second quarter GDP growth came in better than expected, being led by a sequential increase in investments, while both consumption and exports recovered. The rebound in exports largely reflects the ongoing tech cycle and new product launches. Core CPI remained relatively benign. Near term, we expect the above trends to continue.The market was on a consistent uptrend during the third quarter, taking momentum from: (1) Details of the Shenzhen-Hong Kong connect were announced and scheduled for trading in November. (2) Fund inflow potential from risk off reversion. (3) Expectation that US interest rate hike might be deferred. Property developers were the star performer. Finance sector performed strong, on the back of share buyback by a leading global bank. Utilities fared the worst.The Fund registered a positive return, but underperformed the reference index. Following signs of economic stability in China, near term the market could continue to range trade, as major external events including China's 18th Plenary Session of CCP, US presidential election, referendum in Italy and US Fed meeting unfurl. We would on market weaknesses strengthen our exposure in companies with solid growth potential and beneficiaries of China's government policies for medium term investment.

基金資料 (截至2016年9月30日) Fund Data (As at 30 September 2016)

投資經理 Investment Manager 中銀國際英國保誠資產管理有限公司 BOCI-Prudential Asset Management Limited

基金總值(百萬) Fund Size (Million) 港元 HKD 4,893.66

推出日期 Launch Date 2007年10月15日 (15 October 2007)

報價貨幣 Currency 港元 HKD

單位價格 NAV 港元 HKD 7.1814

基金風險指數 Fund Risk Indicator (1) 20.94%

基金開支比率 Fund Expense Ratio (2) 1.67%




推出日期 Launch Date 2003年4月15日 (15 April 2003)





十大資產項目 (截至2016年9月30日) Top Ten Holdings (As at 30 September 2016)

證券項目 Security Holdings 佔資產淨值之百份比% of NAV



基金表現按港元計算 (截至2016年9月30日)

Performance in HKD (As at 30 September 2016)



年度回報按港元計算Calendar Year Performance in HKD


實際回報 (%) Actual Return

2011 -20.742012 15.902013 0.832014 5.812015 -9.58


2011 -18.562012 23.142013 4.982014 2.982015 -5.77

# The risk level is determined by BOCI-Prudential Asset Management Limited based on the investment mix of each constituent fund and/or its underlying investments, and represents only the views of BOCI-Prudential Asset Management Limited in respect of each relevant constituent fund. Such risk level is for reference only and should not be regarded as investment advice. You should not rely on the risk level only when making any investment decision. The risk profile is determined based on data as at 30 September 2016 and will be reviewed and (if appropriate) updated at least annually taking into account the prevailing market circumstances. The risk levels are categorized into low, low to medium, medium, medium to high and high.

△ The manager's comment in this document solely reflects the opinion, view and interpretation of the fund managers as of the date of issuance of this document. Investors should not solely rely on such information to make any investment decision.

† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the

reporting date. (2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses

incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.

(3) With effect from 1 October 2012, the sector classification methodology was changed from the Global Industry Classification Standard (GICS®) to the sector classification methodology produced by FTSE International Limited ("FTSE").

(4) The term "cash and others" denotes cash at call, and operating items such as account payables and account receivables (where relevant).

# 風險程度由中銀國際英國保誠資產管理有限公司根據各成分基金及/或其聯繫投資的投資組合而釐定，並只反映中銀國際英國保誠資產管理有限公司對各有關成分基金之看法。風險程度僅供參考，不應被視為投資意見。你不應只根據風險程度而作出任何投資決定。風險程度根據截至2016年9月30日的數據而釐定，並將會因應市場狀況而每年最少作出一次檢討及（如適用）更新。風險程度分為低、低至中、中、中至高及高。

△ 本文件所載的基金經理評論只反映基金經理於本文件刊發日期時之意見、看法及詮釋，投資者不應僅依賴有關資訊而作出投資決定。

(1) 基金風險指數是以過去三年(至匯報日)之月回報率計算的標準偏差代表。(2) 截至2016年3月31日止財政年度之基金開支比率。提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。計劃成員須直接支付的開支則不包括在內。

(3) 由2012年10月1日起，行業分類方法由「全球行業分類標準」(GICS® ) 轉為富時國際有限公司（「富時」）所編製的行業分類方法。

(4) 「現金及其他」指通知現金，及類似應付款項和應收款項的營運項目（如適用）。



† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting

date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in

investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.








累積回報 (%)Cumulative

Return

年率化回報 (%) Annualized

Return3個月 3 Months 9.85 N/A 不適用年度至今 Year-To-Date 3.86 N/A 不適用1年 1 Year 7.21 7.213年 3 Years 4.29 1.415年 5 Years 25.94 4.7210年 10 Years - -成立至今 Since Inception -28.19 -3.62


Return


Return3個月 3 Months 12.07 N/A 不適用年度至今 Year-To-Date 6.15 N/A 不適用1年 1 Year 10.83 10.833年 3 Years 6.25 2.045年 5 Years 40.55 7.0410年 10 Years 51.70 4.26成立至今 Since Inception 251.58 9.78

金融Financials

50.1%

現金及其他(4)

Cash & Others3.0%

工業Industrials

10.1%


5.4%

科技Technology

12.1%

公用Utilities2.9%


5.8%


4.6%


3.7%原材料

Basic Materials1.7%

健康護理Health Care

0.6%



1 TENCENT HOLDINGS LTD 騰訊控股 9.7%2 CHINA CONSTRUCTION BANK-H 建設銀行-H 8.6%3 CHINA MOBILE LTD 中國移動 8.0%4 IND & COMM BK OF CHINA-H 工商銀行-H 5.6%5 BANK OF CHINA LTD-H 中國銀行-H 4.3%6 PING AN INSURANCE GROUP CO-H 中國平安-H 3.4%7 CHINA LIFE INSURANCE CO-H 中國人壽-H 2.8%8 CNOOC LTD 中國海洋石油 2.5%9 CHINA PETROLEUM & CHEMICAL-H 中國石化-H 2.4%10 CHINA OVERSEAS LAND & INVEST 中國海外發展 1.8%

1 TENCENT HOLDINGS LTD 騰訊控股 10.1%2 HSBC HOLDINGS PLC 匯豐控股有限公司 6.5%3 AIA GROUP LTD 友邦保險 5.8%4 CHINA CONSTRUCTION BANK-H 建設銀行-H 5.1%5 CHINA MOBILE LTD 中國移動 4.6%6 IND & COMM BK OF CHINA-H 工商銀行-H 3.4%7 CK HUTCHISON HOLDINGS LTD 長和 2.9%8 HONG KONG EXCHANGES & CLEAR 香港交易所 2.5%9 PING AN INSURANCE GROUP CO-H 中國平安-H 2.0%10 BANK OF CHINA LTD-H 中國銀行-H 1.9%

Risk Level#

風險程度

High 高

Risk Level#

風險程度

High 高

01 02投資涉及風險。成分基金單位之認購價及贖回價可跌亦可升。過去的表現並不代表未來的表現。Investment involves risks. The subscription and redemption prices of units of the constituent funds may go down as well as up. The past performance information presented is not indicative of future performance.

BOC-Prudential Japan Equity Fund 中銀保誠日本股票基金基金類別 - 股票基金 (日本)FUND DESCRIPTOR - Equity Fund (Japan)

BOC-Prudential Asia Equity Fund 中銀保誠亞洲股票基金基金類別- 股票基金 (亞洲(日本除外))FUND DESCRIPTOR - Equity Fund (Asia ex Japan)

投資政策 INVESTMENT POLICY中銀保誠亞洲股票基金為一股票基金，旨在爭取長期的資本增長，其持有的非現金資產最少70%將投資於傘子單位信託的亞洲股票子基金。在一般情況下，有關子基金將主要投資於規例附表1和積金局不時發出相關的守則和指引所准許的亞洲各個股票市場的股票及股票相關證券，包括但不限於澳洲、紐西蘭、中國、香港、印度、南韓、新加坡、馬來西亞、臺灣及泰國的股票市場，亦可能投資於以亞洲以外為基地，但在亞洲投資或營業的公司。該子基金將不會投資於日本股票市場。有關子基金亦可投資於核准緊貼指數集體投資計劃及其他准許的證券。投資範圍或包括現金、定期存款、貨幣市場或定息證券。The BOC-Prudential Asia Equity Fund is an equity fund which aims to achieve long term capital growth by investing at least 70% of the Fund's non-cash assets in the Asia equity sub-fund of the Umbrella Unit Trust. Under normal circumstances, the sub-fund will invest mainly in equities and equity related securities as permitted under Schedule 1 to the Regulation and the relevant codes and guidelines as may be issued by the Authority from time to time in the various stock markets in Asia including but not limited to those in Australia, New Zealand, China, Hong Kong, India, South Korea, Singapore, Malaysia, Taiwan and Thailand. Access to individual markets may be made by investing in companies based in non-Asian jurisdictions but which invest or operate in Asia. It is intended that the sub-fund will not invest in equities in Japan. The sub-fund may also invest in approved ITCIS† and Other Permitted Securities. Where appropriate, cash, time deposits, money market or fixed income securities may be considered.


亞洲經濟有初步回穩跡象，其中製造業的領先指標輕微上升。儘管經濟信心已逐漸改善，但私營行業在穩健趨勢出現前仍對新投資持審慎態度。由於消費物價指數繼續在零水平徘徊，通脹下跌風險持續。在此宏觀背景下，亞洲各國央行維持擴張政策，其中澳洲、新西蘭、印尼和馬來西亞均下調其基準利率以刺激增長。亞洲股市於季內波動並收高。投資者情緒逐漸從「英國脫歐」事件中恢復，但在聯儲局加息時機未明，以及歐洲和日本央行的政策趨於收緊下仍然脆弱。然而，聯儲局延遲其緊縮行動的決定令股市重拾正面動力。展望將來，由於投資者關注即將舉行的中共第十八屆六中全會，以及美國和歐洲的政局發展，市場將普遍波動。本基金於季內錄得正回報，主要受香港原材料和新加坡工業行業選股理想所帶動。本基金將在市場波動下集中於市場中性的策略以達致較穩定表現。Asian economies saw early signs of stabilization, with leading manufacturing indicators slightly picked up. Although business confidence slowly improved, private sectors stayed cautious over new investments before solid trends are seen. Disinflationary risk remained as consumer price indices continued to hover around the zero mark. Against such macro backdrop, Asian central banks kept policies expansionary, with Australia, New Zealand, Indonesia and Malaysia reducing their benchmark rates in the attempt to spur growth.Asia equities had a bumpy quarter and climbed higher. Investor sentiments gradually recovered from the “Brexit” event but remained fragile against uncertain timing of Fed rate hike and less accommodative central bank policies in Europe and Japan. However, Fed's decision to delay its tightening actions allowed equities to recoup positive momentum. Looking ahead, market volatility would prevail as investors pay attention to the upcoming China's 6th Plenary Session of 18th CPC Central Committee, as well as the political development in the US and Europe.The Fund registered positive returns attributable to successful stock selections in Hong Kong Basic Materials and Singapore Industrials sectors. The Fund would concentrate on market neutral strategy in a volatile environment to achieve a more stable performance.

投資政策 INVESTMENT POLICY中銀保誠日本股票基金為一股票基金，旨在尋求長期的資本增長，主要投資於傘子單位信託的日本股票子基金。在一般情況下，有關子基金將主要投資於規例附表1和積金局不時發出相關的守則和指引所准許，其業務與日本的經濟發展和增長有緊密關連的公司的上市股票及股票相關證券（包括認股權證、可換股證券、美國預托證券、環球預托證券）。有關子基金亦可投資於核准緊貼指數集體投資計劃及其他准許的證券。投資範圍或包括現金、定期存款、貨幣市場或定息證券。The BOC-Prudential Japan Equity Fund is an equity fund which aims to achieve long term capital growth by investing primarily in the Japan equity sub-fund of the Umbrella Unit Trust. Under normal circumstances, the sub-fund will invest primarily in listed equities and equity related securities (including warrants, convertible securities, ADRs (American depository receipts) and GDRs (global depository receipts)) as permitted under Schedule 1 to the Regulation and the relevant codes and guidelines as may be issued by the Authority from time to time of companies whose activities are closely related to the economic development and growth of the Japan economy. The sub-fund may also invest in approved ITCIS and Other Permitted Securities. Where appropriate, cash, time deposits, money market or fixed income securities may be considered.


日本經濟繼續停滯不前。7月份宣佈的財政刺激總體數字龐大，但細節卻令人失望，而對增長的支持亦有限。9月份的日本央行會議成為焦點。全面審視對過去擴張性措施的有效性予以肯定，而日本央行將繼續實施放寬措施，並直至通脹高於2%。然而，原本的固定基礎貨幣目標被改為孳息曲線調控，使其在利率保持不變下提高政策的可持續性。由於實際執行時可能遇到困難，而日本央行亦需要更清晰的溝通，短期內該行動的影響仍未明確。本基金於第3季度錄得正回報。消費品股貢獻最大，而工業股則抵銷了升幅。展望將來，外圍因素和日本央行政策決定仍存在不確定性。日本股市將可能維持波動，而本基金將採取較為中性的立場以降低短期風險。Japanese economy continued to be stagnant. Under a large headline number of fiscal stimulus announced in July, details were disappointing and support to growth would be limited. September BoJ meeting took center stage. The comprehensive review has affirmed the effectiveness of past expansion and BoJ would continue to ease until inflation overshoots 2%. However, the original fixed monetary base target was changed to yield curve management to improve the sustainability of policy while interest rate was kept unchanged. Impact of such action is unclear in the near term as the actual implementation can be difficult and clearer communications from BoJ would be needed.The Fund registered a positive return in the third quarter. Consumer Goods names have contributed the most while Industrials reduced the gain. Going forward, uncertainties would remain on external factors as well as BoJ's policy decision. Japan equities would likely remain volatile and the Fund would adopt a more neutral stance to reduce near term risks.

現金及其他(4)

Cash & Others3.3%


24.1%

金融 Financials14.6%

工業Industrials20.0%


5.0%

原材料Basic Materials

6.3%健康護理Health Care8.7%消費服務

Consumer Services11.0%

科技Technology3.8%

公用Utilities2.3%

石油及天燃氣Oil & Gas0.9%





基金總值(百萬) Fund Size (Million) 港元 HKD 312.55推出日期 Launch Date 2006年10月3日 (3 October 2006)


單位價格 NAV 港元 HKD 7.8603基金風險指數 Fund Risk Indicator (1) 13.52%





推出日期 Launch Date 2006年10月3日 (3 October 2006)
















2011 -18.142012 11.462013 28.022014 -2.902015 5.17


2011 -20.312012 16.282013 0.442014 0.912015 -11.76



† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past

3 years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level

of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.








(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.

(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.









Return


Return3個月 3 Months 6.57 N/A 不適用年度至今 Year-To-Date -8.59 N/A 不適用1年 1 Year -0.89 -0.893年 3 Years -2.91 -0.985年 5 Years 26.60 4.8310年 10 Years - -成立至今 Since Inception -21.40 -2.38


Return


Return3個月 3 Months 8.17 N/A 不適用年度至今 Year-To-Date 8.75 N/A 不適用1年 1 Year 13.08 13.083年 3 Years -1.00 -0.345年 5 Years 15.81 2.9810年 10 Years - -成立至今 Since Inception 25.25 2.28

1 TOYOTA MOTOR CORP 4.4%2 MITSUBISHI UFJ FINANCIAL GROUP 2.0%3 KDDI CORP 1.8%4 SOFTBANK GROUP CORP 1.7%5 HONDA MOTOR CO LTD 1.6%6 JAPAN TOBACCO INC 1.4%7 SUMITOMO MITSUI FINANCIAL GR 1.3%8 SONY CORP 1.3%9 SEVEN & I HOLDINGS CO LTD 1.2%10 MIZUHO FINANCIAL GROUP INC 1.2%

1 TENCENT HOLDINGS LTD 騰訊控股 3.8%2 SAMSUNG ELECTRONICS CO LTD 3.7%3 TAIWAN SEMICONDUCTOR MANUFACTURING 台積電 3.5%4 COMMONWEALTH BANK OF AUSTRALIA 2.1%5 AIA GROUP LTD 友邦保險 1.9%6 WESTPAC BANKING CORP 1.7%7 CHINA CONSTRUCTION BANK-H 建設銀行-H 1.6%8 CHINA MOBILE LTD 中國移動 1.5%9 BHP BILLITON LIMITED 1.4%10 AUST AND NZ BANKING GROUP 1.4%

現金及其他(3)

Cash & Others1.9%

中國China20.5%

澳洲Australia19.0%

臺灣Taiwan11.7%

南韓South Korea14.2%

香港Hong Kong11.7%

新加坡Singapore3.4%印度

India9.7%

馬來西亞Malaysia2.9%泰國

Thailand2.9%

菲律賓Philippines1.3%

紐西蘭New Zealand0.8%

基金資產分佈 Asset Allocation截至2016年9月30日 As at 30 September 2016

Risk Level#

風險程度

High 高

Risk Level#

風險程度

High 高


BOC-Prudential Global Equity Fund 中銀保誠環球股票基金基金類別 - 股票基金 (環球)FUND DESCRIPTOR - Equity Fund (Global)

基金類別 - 股票基金 (香港) FUND DESCRIPTOR - Equity Fund (Hong Kong)BOC-Prudential CSI HK 100 Tracker Fund 中銀保誠中證香港100指數基金

投資政策 INVESTMENT POLICY中銀保誠中證香港100指數基金為一股票基金，旨在尋求長期的資本增長，主要投資於投資經理所選擇的一個核准緊貼指數集體投資計劃。目前，該基金僅投資於核准緊貼指數集體投資計劃 – 標智中證香港100指數基金TM。標智中證香港100指數基金TM是一個在交易所買賣的指數追蹤基金，旨在透過採用代表性抽樣策略來追蹤中證香港100指數之表現。The BOC-Prudential CSI HK 100 Tracker Fund is an equity fund which aims to achieve long term capital growth by investing primarily in an approved ITCIS†

selected by the Investment Manager. Currently, this fund invests exclusively in the approved ITCIS† – W.I.S.E. – CSI HK 100 Tracker TM, an index-tracking exchange traded fund which seeks to track the performance of the CSI Hong Kong 100 Index by adopting a representative sampling strategy.


2016年第3季度資金流下跌。根據香港金管局（HKMA）的貨幣統計，貨幣基礎總結餘由約3,084億港元下跌至2,595億港元。中國證券監管機構於9月份表示將取消合格境外機構投資者計劃的資產配置限制，以吸引更多長期資本。此外，國務院於8月份批准深港通，並預期將於11月初正式啟動。本地經濟方面，根據政府統計處的最新數據，8月份零售銷售總額的估算初值按年下跌10.5%。部份受入境旅客進一步放緩所拖累，珠寶、鐘錶和名貴禮物的銷售額按年下跌26.6%。最新的外貿統計方面，8月份出口和進口總額分別按年上升0.8%和2.8%。出口往亞洲的總額整體上升3.8%，但出口至其他地區的主要目的地如美國、德國和英國則有所下跌。本基金於2016年第3季度跟隨基準指數中證香港100指數錄得正回報。Capital flow dropped in the third quarter of 2016, with the aggregate balance of monetary base decreasing from around HKD 308.4 billion to HKD 259.5 billion during the period according to the monetary statistics by Hong Kong Monetary Authority (HKMA). In September, China's security regulators said it will scrap limits on asset allocations under QFII program in an attempt to attract more long-term capital. Additionally, the Shenzhen-Hong Kong Stock Connect, approved by the State Council in August, is expected to officially launch in early November.As to the domestic economy, according to the latest figures from the Census and Statistics Department, the provisionally estimated value of total retail sales in August registered a year-on-year (YoY) decrease of 10.5%. Partly due to further slowdown in inbound tourism, the value of sales of jewelry, watches and clocks and valuable gifts marked a year-on-year decrease of 26.6%. Regarding the latest external trade statistics, the value of total exports and imports in August increased by 0.8% and 2.8% YoY respectively. The values of total exports to Asia as a whole grew by 3.8%, but decreased for some major destinations in other regions, such as US, Germany and UK.The Fund registered a positive return with the benchmark CSI HK 100 Index in the third quarter of 2016.

現金Cash1.8%

健康護理Health Care0.6%

公用事業Utilities5.4%

金融地產Financials61.7%

工業Industrials

2.9%

原材料Materials

0.2%

電訊業務Telecommunication Services

6.1%

可選消費Consumer Discretionary

3.4%

主要消費Consumer Staples

1.9% 能源

Energy4.2%

信息技術Information Technology

11.8%


投資政策 INVESTMENT POLICY中銀保誠環球股票基金為一股票基金，其持有的非現金資產最少70%將投資於(1)傘子單位信託的環球股票、亞洲股票、中國股票、香港股票、日本股票及歐洲股票子基金（統稱為「股票子基金」）組合或(2)股票子基金及由投資經理管理並與股票相關的核准緊貼指數集體投資計劃之組合，以爭取長期的資本增長。在一般情況下，股票子基金將投資大部份資產於規例附表1和積金局不時發出相關的守則和指引所准許的環球股票及股票相關證券，包括但不限於美國、歐洲、中國、日本、香港及其他主要亞洲市場。股票子基金亦可投資於核准緊貼指數集體投資計劃及其他准許的證券。投資範圍或包括現金、定期存款、貨幣市場或定息證券。The BOC-Prudential Global Equity Fund is an equity fund which seeks to achieve long term capital growth by investing at least 70% of the Fund's non-cash assets in (1) a combination of the global equity, Asia equity, China equity, Hong Kong equity, Japan equity and European equity sub-funds of the Umbrella Unit Trust (collectively, the “equity sub-funds”) or (2) a combination of the equity sub-funds and equity-related approved ITCIS† managed by the Investment Manager. Under normal circumstances, the equity sub-funds will invest a substantial portion of assets in global equities and equity related securities as permitted under Schedule 1 to the Regulation and the relevant codes and guidelines as may be issued by the Authority from time to time, including but not limited to the United States, Europe, China, Japan, Hong Kong and other major Asian markets. The equity sub-funds may also invest in approved ITCIS† and Other Permitted Securities. Where appropriate, cash, time deposits, money market or fixed income securities may be considered.


本基金於第3季度錄得正回報。由於庫存的正面影響似乎已經結束，對美國製造業的健康狀況存疑。美國總統大選結果不明朗可能暫時減少企業投資。英國方面，高頻數據顯示企業和消費者信心於6月份「英國脫歐」公投後有所回穩。新科技產品週期正推動亞洲製造行業的復甦。短期內，本基金將繼續偏重美國股票，以反映其較其他地區平穩的增長前景。與此同時，本基金計劃持有新興市場股票，尤其增持亞洲股票以捕捉正逐步改善的宏觀經濟前景。The Fund posted a positive return in the third quarter. Health of US manufacturing sector was in question as the positive swing from inventory appeared to have ended. Uncertainty in the outcome of US presidential election may have dented business investment for the time being. In the UK, high frequency data indicated that business and consumer confidence stabilized after the “Brexit” vote in June. New technology product cycle was driving a recovery in the Asian manufacturing sector. In the near-term, the Fund continues to overweight US equities to reflect its consistent growth profile compared to other regions. At the same time, the Fund aims to build position in emerging market, in particular through adding exposure in Asia to capture a gradually improving macroeconomic outlook.

現金及其他(3)

Cash & Others1.8%

歐洲(英國除外)Europe (ex UK)14.2%

英國United Kingdom

5.9%

日本Japan9.5%

亞洲(日本及香港除外)Asia (ex Japan ex HK)

7.7%

香港及中國Hong Kong & China

4.2%

北美洲North America56.7%












基金總值(百萬) Fund Size (Million) 港元 HKD 505.18

推出日期 Launch Date 2012年9月3日 (3 September 2012)














2011 -9.512012 12.642013 21.302014 3.402015 -3.18

實際回報 (%) 基準指數* Actual Return (實際回報) (%) Benchmark Index* (Actual Return)

2011 N/A 不適用 N/A 不適用2012 16.02 17.622013 0.92 6.612014 2.74 5.312015 -9.81 -5.78

累積回報 (%) 年率化回報 (%) 基準指數* 基準指數* Cumulative Annualized (累積回報) (%) (年率化回報) (%) Return Return Benchmark Index* Benchmark Index* (Cumulative Return) (Annualized Return)





* 中證香港100全收益指數(港元)被採用為基準指數（資料來源：中証指數有限公司）。(1) 基金風險指數是以過去三年(至匯報日)之月回報率計算的標準偏差代表。有關數據將於2015年第三季起刊登。(2) 提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。計劃成員須直接支付的開支則不包括在內。有關數據將於2014年第三季起刊登。



† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".* CSI HK 100 Total Return Index (HKD) is used as the benchmark index (Source: China Securities Index Co., Ltd).(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3

years to the reporting date. The figure will be shown from the third quarter of 2015.(2) The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs

incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member. The figure will be shown from the third quarter of 2014.







† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3

years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of

expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.



Return


Return3個月 3 Months 4.63 N/A 不適用年度至今 Year-To-Date 3.91 N/A 不適用1年 1 Year 9.36 9.363年 3 Years 11.54 3.715年 5 Years 50.59 8.5310年 10 Years 36.28 3.14成立至今 Since Inception 127.89 6.31

3個月 3 Months 10.29 N/A 不適用 13.15 N/A 不適用年度至今 Year-To-Date 3.60 N/A 不適用 9.46 N/A 不適用1年 1 Year 7.13 7.13 15.06 15.06 3年 3 Years -2.85 -0.96 11.61 3.735年 5 Years - - - -10年 10 Years - - - -成立至今 Since Inception 12.42 2.91 36.18 7.87

1 APPLE INC 1.7%2 MICROSOFT CORP 1.2%3 EXXON MOBIL CORP 1.0%4 AMAZON.COM INC 0.8%5 GENERAL ELECTRIC CO 0.8%6 FACEBOOK INC-A 0.8%7 JOHNSON & JOHNSON 0.7%8 AT&T INC 0.7%9 ALPHABET INC-CL C 0.7%10 JPMORGAN CHASE & CO 0.6%

1 TENCENT HOLDINGS LTD 騰訊控股 11.1%2 HSBC HOLDINGS PLC 匯豐控股有限公司 9.0%3 AIA GROUP LTD 友邦保險 5.7%4 CHINA MOBILE LTD 中國移動 5.1%5 CHINA CONSTRUCTION BANK-H 建設銀行-H 5.0%6 HANG SENG BANK LTD 恒生銀行 4.8%7 IND & COMM BK OF CHINA-H 工商銀行-H 3.8%8 BANK OF CHINA LTD-H 中國銀行-H 2.8%9 CHINA CITIC BANK CORP LTD-H 中信銀行-H 2.4%10 CK HUTCHISON HOLDINGS LTD 長和 2.4%

Risk Level#

風險程度

High 高

Risk Level#

風險程度

High 高


BOC-Prudential European Index Tracking Fund 中銀保誠歐洲指數追蹤基金基金類別 - 股票基金 (歐洲)FUND DESCRIPTOR - Equity Fund (Europe)

BOC-Prudential North America Index Tracking Fund 中銀保誠北美指數追蹤基金基金類別 - 股票基金 (北美)FUND DESCRIPTOR - Equity Fund (North America)

投資政策 INVESTMENT POLICY中銀保誠北美指數追蹤基金為一股票基金，旨在尋求長期的資本增長，主要投資於投資經理所選擇的一個核准緊貼指數集體投資計劃。目前，該基金僅投資於核准緊貼指數集體投資計劃 – 中銀保誠北美指數基金。中銀保誠北美指數基金是中銀保誠指數基金系列的一個分支基金，投資於在北美證券交易所買賣的證券投資組合。該核准緊貼指數集體投資計劃主要透過採用代表性抽樣策略力求提供緊貼富時強積金北美指數(非對沖)(FTSE MPF North America Index (unhedged))表現的投資表現(扣除費用及支出之前)。在這策略下，中銀保誠北美指數基金的資產將投資於由核准緊貼指數集體投資計劃的基金經理利用定量分析模式選定的富時強積金北美指數(非對沖)成分證券的代表性樣本，並根據該定量分析模式，按每隻股票的資本值、行業和基本投資特性而考慮將其納入指數基金內。The BOC-Prudential North America Index Tracking Fund is an equity fund which aims to achieve long term capital growth by investing primarily in an approved ITCIS† selected by the Investment Manager. Currently, this fund invests exclusively in the approved ITCIS† – the BOC-Prudential North America Index Fund, a sub-fund of the BOC-Prudential Index Fund Series, which invests in a portfolio of securities traded on the stock exchanges in North America. The approved ITCIS† seeks to provide investment performance (before fees and expenses) that tracks the performance of the FTSE MPF North America Index (unhedged) primarily by adopting a representative sampling strategy. Under such strategy, assets of the BOC-Prudential North America Index Fund will be invested in a representative sample of constituent securities of the FTSE MPF North America Index (unhedged) selected by the manager of the approved ITCIS† using quantitative analytical models, under which each stock is considered for inclusion in the index fund based on its capitalization, industry and fundamental investment characteristics.


美國聯儲局於整個第3季度決定保持其主要利率不變。耶倫在9月份的會議上提到有充分理由加息，但在憂慮環球發展的情況下應較為審慎。央行指出經濟前景的短期風險似乎大致平衡，並表示將可能於年底前加息一次。經濟數據方面，美國通脹於第3季度仍然強勁，其中8月份通脹率維持於1.1%。勞動市場方面，9月份新增職位放緩並僅增加了156,000份，低於預期的175,000。9月份製造業採購經理人指數跌至51.5的3個月低位，但高於第2季度的讀數。亞特蘭大聯邦儲備銀行預計美國經濟於第3季度將增長2.1%。本基金於第3季度錄得正回報。以港元計，加拿大表現優於美國。以港元計的行業表現方面，科技股表現優異，而公用股表現則遜於其他行業。US Federal Reserve decided to keep its key interest rate unchanged throughout the third quarter. In the September meeting, Janet Yellen mentioned that the case for an increase in rates was strong, but it was better to be cautious given the concerned global developments. The central bank stated that near-term risks for the economic outlook appear roughly balanced, suggesting the possibility of one rate hike by end of year. On the data front, US inflation stayed firm in third quarter with year-on-year inflation rate standing at 1.1% in August. With respect to labor market, job creation slowed in September with the economy added just 156,000 positions, below 175,000 expected. Manufacturing Purchasing Managers' Index dropped to three-month low of 51.5 in September, yet it is higher than the readings from second quarter. Atlanta Fed forecasts that U.S. economy to grow 2.1% in the third quarter.The Fund registered a positive return in the third quarter. In HKD term, Canada outperformed US. Regarding sector-wise performance in HKD term, Technology outperformed while Utilities underperformed other sectors.

投資政策 INVESTMENT POLICY中銀保誠歐洲指數追蹤基金為一股票基金，旨在尋求長期的資本增長，主要投資於投資經理所選擇的一個核准緊貼指數集體投資計劃。目前，該基金僅投資於核准緊貼指數集體投資計劃 – 中銀保誠歐洲指數基金。中銀保誠歐洲指數基金是中銀保誠指數基金系列的一個分支基金，投資於英國及其他歐洲大陸國家的證券交易所買賣的證券投資組合。該核准緊貼指數集體投資計劃主要透過採用代表性抽樣策略力求提供緊貼富時強積金歐洲指數(非對沖)(FTSE MPF Europe Index (unhedged))表現的投資表現(扣除費用及支出之前)。在這策略下，中銀保誠歐洲指數基金的資產將投資於由核准緊貼指數集體投資計劃的基金經理利用定量分析模式選定的富時強積金歐洲指數(非對沖)成分證券的代表性樣本，並根據該定量分析模式，按每隻股票的資本值、行業和基本投資特性而考慮將其納入指數基金內。The BOC-Prudential European Index Tracking Fund is an equity fund which aims to achieve long term capital growth by investing primarily in an approved ITCIS†

selected by the Investment Manager. Currently, this fund exclusively invests in the approved ITCIS† – the BOC-Prudential European Index Fund, a sub-fund of the BOC-Prudential Index Fund Series, which invests in a portfolio of securities traded on the stock exchanges in the United Kingdom and in other continental European countries. The approved ITCIS† seeks to provide investment performance (before fees and expenses) that tracks the performance of the FTSE MPF Europe Index (unhedged) primarily by adopting a representative sampling strategy. Under such strategy, assets of the BOC-Prudential European Index Fund will be invested in a representative sample of constituent securities of the FTSE MPF Europe Index (unhedged) selected by the manager of the approved ITCIS† using quantitative analytical models, under which each stock is considered for inclusion in the index fund based on its capitalization, industry and fundamental investment characteristics.


歐洲央行（ECB）於第3季度維持刺激政策和利率不變。由於歐洲央行早前展現溫和態度，並警告英國公投脫離歐盟將對歐元區構成新障礙和影響世界經濟，因此市場預期歐洲央行將推出新刺激措施。經濟數據方面，歐元區於第3季度脫離通縮，其中8月份消費物價按年上升0.2%。國內生產總值（GDP）方面，歐元區第2季度國內生產總值上升0.3%，低於第1季度的0.5%增長。失業情況保持穩定，其中8月份失業率維持在10.1%。採購經理人指數（PMI）方面，歐元區2016年第3季度採購經理人指數由第2季度的53.1下跌至52.9的平均值。本基金於第3季度錄得正回報。西班牙表現優於其他歐盟國。相反，丹麥則表現遜色及落後。以港元計的行業表現方面，科技股領指數上漲，而健康護理股之季度表現則最遜色。European Central Bank (ECB) left the stimulus package and interest rates unchanged during the third quarter. The market expected that ECB would launch fresh stimulus as the bank previously projected a dovish tone and warned that Britain's vote to leave the European Union created fresh headwinds for the Eurozone and could affect the world economy. On the data front, the Eurozone relieved from deflation in the third quarter with consumer prices went up by 0.2% year-on-year in August. Concerning Gross Domestic Product (GDP), the Eurozone GDP advanced 0.3% in second quarter, lower than the 0.5% growth in first quarter. Unemployment remained stable with jobless rate unchanged at 10.1% in August. With respect to Purchasing Managers Index (PMI), the Eurozone PMI reached an average of 52.9 over the third quarter of 2016, down from 53.1 in the second quarter. The Fund registered positive return in third quarter. Spain outperformed among the Eurozone nations. Conversely, Denmark showed poor performance that underperformed. Regarding sector-wise performance in HKD term, Technology led the index while Health Care underperformed most during the quarter.


























2011 N/A 不適用 N/A 不適用2012 5.96 9.51 2013 20.68 26.022014 -3.32 -6.042015 0.40 -2.27


2011 N/A 不適用 N/A 不適用2012 0.49 2.222013 29.17 30.802014 10.44 11.602015 -2.61 -1.20





* 富時強積金北美指數(非對沖)被採用為基準指數（資料來源：富時國際有限公司(「富時」)）。為遵守強制性公積金計劃(一般)規例附表1第16條下港元貨幣風險最低為百分之三十的規定，本基金需要對沖其非港元貨幣風險，而這可能會影響本基金追蹤其基準指數的能力。

(1) 基金風險指數是以過去三年(至匯報日)之月回報率計算的標準偏差代表。有關數據將於2015年第三季起刊登。(2) 提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。計劃成員須直接支付的開支則不包括在內。有關數據將於2014年第三季起刊登。






† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".* FTSE MPF North America Index (unhedged) is used as the benchmark index (Source: FTSE International Limited ("FTSE")). The need to hedge the fund's non-Hong Kong

dollar currency exposure in order to comply with the minimum 30% HKD currency exposure under Section 16 of Schedule 1 of the Mandatory Provident Fund Schemes (General) Regulation may affect the fund's ability to track the performance of the benchmark index.

(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date. The figure will be shown from the third quarter of 2015.

(2) The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member. The figure will be shown from the third quarter of 2014.




† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".* FTSE MPF Europe Index (unhedged) is used as the benchmark index (Source: FTSE International Limited ("FTSE")). The need to hedge the fund's non-Hong Kong dollar

currency exposure in order to comply with the minimum 30% HKD currency exposure under Section 16 of Schedule 1 of the Mandatory Provident Fund Schemes (General) Regulation may affect the fund's ability to track the performance of the benchmark index.

(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date. The figure will be shown from the third quarter of 2015.

(2) The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member. The figure will be shown from the third quarter of 2014.




* 富時強積金歐洲指數(非對沖)被採用為基準指數（資料來源：富時國際有限公司(「富時」)）。為遵守強制性公積金計劃(一般)規例附表1第16條下港元貨幣風險最低為百分之三十的規定，本基金需要對沖其非港元貨幣風險，而這可能會影響本基金追蹤其基準指數的能力。

(1) 基金風險指數是以過去三年(至匯報日)之月回報率計算的標準偏差代表。有關數據將於2015年第三季起刊登。(2) 提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。計劃成員須直接支付的開支則不包括在內。有關數據將於2014年第三季起刊登。


3個月 3 Months 5.58 N/A 不適用 5.42 N/A 不適用年度至今 Year-To-Date 0.44 N/A 不適用 0.41 N/A 不適用1年 1 Year 4.73 4.73 3.10 3.103年 3 Years 3.92 1.29 -0.50 -0.175年 5 Years - - - -10年 10 Years - - - -成立至今 Since Inception 24.68 5.56 27.23 6.09

3個月 3 Months 3.31 N/A 不適用 4.06 N/A 不適用年度至今 Year-To-Date 5.98 N/A 不適用 7.94 N/A 不適用1年 1 Year 11.86 11.86 14.28 14.28 3年 3 Years 24.68 7.63 30.91 9.395年 5 Years - - - -10年 10 Years - - - -成立至今 Since Inception 47.95 10.09 59.14 12.07

1 NESTLE SA-REG 2.7%2 NOVARTIS AG-REG 1.8%3 ROCHE HOLDING AG-GENUSSCHEIN 1.7%4 ANHEUSER-BUSCH INBEV SA/NV 1.7%5 TOTAL SA 1.5%6 HSBC HOLDINGS PLC 1.4%7 SIEMENS AG-REG 1.3%8 L'OREAL 1.2%9 BRITISH AMERICAN TOBACCO PLC 1.2%10 ROYAL DUTCH SHELL PLC-A SHS 1.2%

1 APPLE INC 2.4%2 MICROSOFT CORP 2.0%3 EXXON MOBIL CORP 1.7%4 GENERAL ELECTRIC CO 1.7%5 AMAZON.COM INC 1.5%6 CHEVRON CORP 1.3%7 JOHNSON & JOHNSON 1.2%8 PFIZER INC 1.2%9 FACEBOOK INC-A 1.1%10 MERCK & CO. INC. 1.1%

現金及其他(3)

Cash & Others4.3%

金融Financials

14.8%

科技Technology

15.9%消費品Consumer Goods

9.7%

工業Industrials

13.7%


8.1%


2.5%原材料

Basic Materials2.4%

健康護理Health Care

12.2%


13.9%

公用Utilities2.5%



現金及其他(3)

Cash & Others2.2%

英國United Kingdom

27.3%

德國 Germany15.7%

法國France16.8%

西班牙Spain5.1%

荷蘭 Netherlands

4.3%

義大利 Italy

3.1%瑞典 Sweden

4.0%

丹麥Denmark

2.5%

挪威Norway1.6%

芬蘭 Finland2.9%

比利時Belgium

2.8%

瑞士Switzerland

11.7%

Risk Level#

風險程度

High 高

Risk Level#

風險程度

High 高


BOC-Prudential Growth Fund 中銀保誠增長基金基金類別 - 混合資產基金 (環球) 股票之最高分佈率為 - 100%FUND DESCRIPTOR - Mixed Assets Fund (Global) Maximum equity - 100%

BOC-Prudential Balanced Fund 中銀保誠均衡基金基金類別 - 混合資產基金 (環球) 股票之最高分佈率為 - 80%FUND DESCRIPTOR - Mixed Assets Fund (Global) Maximum equity - 80%

現金及其他(3)

Cash & Others17.5%

股票Equity54.2%

債券Bond28.3%

投資政策 INVESTMENT POLICY中銀保誠增長基金為一管理基金，大部份的資產將投資於股票市場。中銀保誠增長基金將透過投資於(1)傘子單位信託的子基金組合或(2)傘子單位信託的子基金及由投資經理管理的核准緊貼指數集體投資計劃之組合務求爭取較平均資本增值為高的回報。The BOC-Prudential Growth Fund is a managed fund where majority of the assets of the fund will be invested in equities. The BOC-Prudential Growth Fund will seek to achieve a return higher than the average capital appreciation by investing in (1) a combination of sub-funds of the Umbrella Unit Trust or (2) a combination of sub-funds of the Umbrella Unit Trust and approved ITCIS† managed by the Investment Manager.


本基金於季內錄得正回報。日本、香港和亞太地區（日本除外）的股票投資表現優異。期內的政府債券表現好壞參半拖累美元兌歐元和日圓走弱，並帶領環球固定收入錄得輕微升幅。資產配置層面方面，我們對固收入維持偏低比重，相對股票和現金的偏高比重。在「英國脫歐」公投後，我們減持了歐洲股票，並維持其偏低比重。香港股票持股亦因其季內表現強勁而有所提高。我們於期內維持美國的偏高比重。短期內，我們預期市場波動性因美國利率和總統大選的不確定性而維持高企。The Fund posted a positive return over the quarter. Equity investments in Japan, Hong Kong and Asia Pacific ex Japan region outperformed. Global fixed income also posted a small gain led by US dollar weakness against Eur and Yen as government bonds delivered mixed performance during the period. At the asset allocation level, we maintained an underweight position in fixed income versus an overweight exposure in equities and cash. Within equities, the underweight position in Europe was kept after our reduction in the region post “Brexit” vote. Exposure to Hong Kong equities increased as a result of strong performance over the quarter. The overweight position in US was kept during the period. In the near term, we expect volatility in markets to remain elevated due to uncertainty regarding US interest rates and presidential election.

投資政策 INVESTMENT POLICY中銀保誠均衡基金為一均衡基金，將透過投資於(1)傘子單位信託的子基金組合或(2)傘子單位信託的子基金及由投資經理管理的核准緊貼指數集體投資計劃之組合爭取長期的資本增長。The BOC-Prudential Balanced Fund is a balanced fund which seeks to achieve a long term capital growth by investing in (1) a combination of sub-funds of the Umbrella Unit Trust or (2) a combination of sub-funds of the Umbrella Unit Trust and approved ITCIS† managed by the Investment Manager.






推出日期 Launch Date 2000年12月13日 (13 December 2000)




















實際回報 (%) Actual Return2011 -6.552012 9.172013 7.592014 0.112015 -3.34

累積回報 (%) 年率化回報 (%) Cumulative Return Annualized Return












† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund,

including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.(3) The term "cash and others" denotes cash at call, and operating items such as account payables and account receivables (where relevant).



† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund,

including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.(3) The term "cash and others" denotes cash at call, and operating items such as account payables and account receivables (where relevant).


現金及其他(3)

Cash & Others5.6%

債券Bond0.9%

股票Equity93.5%


實際回報 (%) Actual Return2011 -13.642012 14.832013 15.222014 0.692015 -4.37




1 TENCENT HOLDINGS LTD 騰訊控股 3.4%2 AIA GROUP LTD 友邦保險 1.9%3 HSBC HOLDINGS PLC 匯豐控股有限公司 1.7%4 CHINA CONSTRUCTION BANK-H 建設銀行-H 1.6%5 CHINA MOBILE LTD 中國移動 1.5%6 IND & COMM BK OF CHINA-H 工商銀行-H 1.0%7 CK HUTCHISON HOLDINGS LTD 長和 0.9%8 HONG KONG EXCHANGES & CLEAR 香港交易所 0.8%9 APPLE INC 0.6%10 SAMSUNG ELECTRONICS CO LTD 0.6%

1 TENCENT HOLDINGS LTD 騰訊控股 2.0%2 AIA GROUP LTD 友邦保險 1.1%3 HSBC HOLDINGS PLC 匯豐控股有限公司 1.1%4 HK GOV'T-05Y1706 0.44% S/A 19JUN2017 1.0%5 CHINA CONSTRUCTION BANK-H 建設銀行-H 1.0%6 CHINA MOBILE LTD 中國移動 0.9%7 HK GOV'T-05Y1703 0.55% S/A 20MAR2017 0.8%8 US TREASURY N/B 1.125% S/A 30JUN2021 0.6%9 IND & COMM BK OF CHINA-H 工商銀行-H 0.6%10 HONG KONG GOV'T 0.46% S/A 22MAY2017 0.6%

3個月 3 Months 7.01 N/A 不適用年度至今 Year-To-Date 3.92 N/A 不適用1年 1 Year 8.96 8.963年 3 Years 5.40 1.775年 5 Years 37.99 6.6510年 10 Years 38.96 3.34成立至今 Since Inception 84.80 3.96


Risk Level#

風險程度

High 高

Risk Level#

風險程度

Medium to High 中至高


BOC-Prudential Stable Fund 中銀保誠平穩基金基金類別 - 混合資產基金 (環球) 股票之最高分佈率為 - 50%FUND DESCRIPTOR - Mixed Assets Fund (Global) Maximum equity - 50%

基金類別 - 債券基金 (環球)FUND DESCRIPTOR - Bond Fund (Global)BOC-Prudential Bond Fund 中銀保誠債券基金

現金及其他(3)

Cash & Others21.9%

股票Equity32.6%

債券Bond45.5%

投資政策 INVESTMENT POLICY中銀保誠平穩基金為一均衡基金，將以穩當策略減低資本損失的風險，同時亦會嘗試爭取合理水平的資本收益。中銀保誠平穩基金將投資於(1)傘子單位信託的子基金組合或(2)傘子單位信託的子基金及由投資經理管理的核准緊貼指數集體投資計劃之組合。The BOC-Prudential Stable Fund is a balanced fund which will be invested in a conservative manner to reduce the risk of capital losses while attempting to achieve a reasonable level of capital gains. The BOC-Prudential Stable Fund will invest in (1) a combination of sub-funds of the Umbrella Unit Trust or (2) a combination of sub-funds of the Umbrella Unit Trust and approved ITCIS† managed by the Investment Manager.















年度回報按港元計算Calendar Year Performance in HKD 實際回報 (%) Actual Return2011 -3.212012 6.152013 3.902014 -0.392015 -3.05








† "Approved ITCIS" means "Index-Tracking Collective Investment Scheme approved by MPFA".(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing

through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.(3) The term "cash and others" denotes cash at call, and operating items such as account payables and account receivables (where relevant).







(3) 由2012月10月1日起，本成分基金採用中銀國際英國保誠資產管理有限公司（「中銀保誠資產管理」）所編製的行業分類方法。




(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund,

including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.(3) With effect from 1 October 2012, the sector classification methodology produced by BOCI-Prudential Asset Management Limited ("BOCI-Prudential Asset Management") is applied.(4) The term "cash and others" denotes cash at call, and operating items such as account payables and account receivables (where relevant).

投資政策 INVESTMENT POLICY中銀保誠債券基金為一債券基金，主要投資於傘子單位信託的環球債券子基金，旨在提供穩定的收入來源及長期的資本增值。在一般情況下，有關子基金將投資於一個投資級(經穆迪投資服務公司評為Baa2級或以上或強積金指引III.1所述的其他核准信貸評級機構的評級)債券投資組合。該等債券以多種主要的世界性貨幣報價。主要的世界性貨幣包括但不限於港元、美元、英鎊、歐羅及日圓。有關子基金亦可投資於核准緊貼指數集體投資計劃及規例附表1第8(2)(c)條所述的其他認可單位信託或認可互惠基金(最多為其總資產淨值的10%)（「其他認可單位信託或認可互惠基金」）。投資範圍或包括現金、定期存款或貨幣市場證券。The BOC-Prudential Bond Fund is a bond fund which seeks to provide a stable income stream and long term capital appreciation by investing primarily in the global bond sub-fund of the Umbrella Unit Trust. Under normal circumstances, the sub-funds will invest in a portfolio of investment grade (rated Baa2 or better by Moody's or other approved credit rating agency as stated in MPF Guidelines III.1) bonds. Overall, bonds will be denominated in various major world currencies. Major world currencies include but not limit to HK Dollar, US Dollar, British Sterling, Euro and Japanese Yen. The sub-fund may also invest in approved ITCIS

and other authorized unit trusts or authorized mutual funds as permitted under section 8(2)(c) of Schedule 1 to the Regulation (up to 10% of its total net asset value) ("Other Authorized Unit Trusts or Authorized Mutual Funds"). Where appropriate, cash, time deposits or money market securities may be considered.


本基金於上季度錄得輕微負回報。環球債券市場和貨幣市場表現參差有助抵銷跌幅。展望將來，本基金將尋找機會延長存續期，並維持美元的偏高比重以反映我們對美元走強的觀點。The Fund recorded a small loss over last quarter. Mixed performance in both global bond markets and currency markets helped offset the results. Going forward, the Fund would look for opportunity to reduce underweight in duration while overweight position in US dollar would be maintained in a way to reflect our view for stronger US dollar.

實際回報 (%) Actual Return2011 2.792012 2.882013 -3.782014 0.242015 -2.50










能源相關Energy Related

4.4%

現金及其他(4)

Cash & Others10.7% 政府

Government56.7%

金融服務Financial Services

15.1%

工業Industrials5.8% 電訊

Telecom0.2%

超級發債體Supranational0.6%

公用Utilities3.1%

地產Property0.9%

資訊科技Information Technology

0.7%

消費相關Consumption Related

1.8%






1 HK GOV'T-05Y1706 0.44% S/A 19JUN2017 1.3%2 TENCENT HOLDINGS LTD 騰訊控股 1.2%3 US TREASURY N/B 1.125% S/A 30JUN2021 1.1%4 HK GOV'T-05Y1703 0.55% S/A 20MAR2017 1.1%5 SINOPEC GRP OVER 2.75% S/A 17MAY2017 1.0%6 US TREASURY N/B 0.625% S/A 31DEC2016 1.0%7 US TREASURY N/B 0.625% S/A 31AUG2017 1.0%8 US TREASURY N/B 0.5% S/A 31MAR2017 1.0%9 US TREASURY N/B 1.625% S/A 30APR2019 0.9%10 HONG KONG GOV'T 0.46% S/A 22MAY2017 0.8%

1 US TREASURY N/B 1.125% S/A 30JUN2021 2.9%2 SINOPEC GRP OVER 2.75% S/A 17MAY2017 2.7%3 US TREASURY N/B 0.625% S/A 31DEC2016 2.6%4 US TREASURY N/B 0.625% S/A 31AUG2017 2.6%5 US TREASURY N/B 0.5% S/A 31MAR2017 2.6%6 US TREASURY N/B 1.625% S/A 30APR2019 2.4%7 US TREASURY N/B 0.625% S/A 30SEP2017 2.0%8 JAPAN GOVT 20-YR 1.4% S/A 20SEP2034#150 2.0%9 JAPAN GOVT 20-YR 1.2% S/A 20DEC2034#151 1.5%10 CITIGROUP INC 0.457% S/A 18FEB2021 1.4%


3個月 3 Months -0.24 N/A 不適用年度至今 Year-To-Date 4.69 N/A 不適用1年 1 Year 3.85 3.853年 3 Years 1.58 0.525年 5 Years 0.84 0.1710年 10 Years 23.24 2.11成立至今 Since Inception 37.22 2.38

Medium 中

Risk Level#

風險程度

Medium 中

Risk Level#

風險程度


BOC-Prudential MPF RMB & HKD Money Market Fund 中銀保誠強積金人民幣及港元貨幣市場基金

基金類別 - 貨幣巿場基金(香港及中國)* (*有關地域是按照基金所投資的幣值而分類)FUND DESCRIPTOR - Money Market Fund (Hong Kong and China)*

(*the geographic region is classified by the currency denomination of the fund's investment)

BOC-Prudential MPF Conservative Fund^ 中銀保誠強積金保守基金^ 基金類別 - 貨幣市場基金 (香港)FUND DESCRIPTOR - Money Market Fund (Hong Kong)

累積回報 (%) 年率化回報 (%) 訂明儲蓄利率訂明儲蓄利率 Cumulative Annualized (累積回報)* (%) (年率化回報)* (%) Return Return Prescribed Saving Rate Prescribed Saving Rate (Cumulative Return)* (Annualized Return)*

投資政策 INVESTMENT POLICY中銀保誠強積金人民幣及港元貨幣市場基金為一項貨幣市場基金，透過主要投資於以人民幣(RMB)和港元(HKD)計值之貨幣市場及債務工具組成的投資組合以尋求達致長期總回報。本基金的長期回報預期將跟隨以人民幣和港元計值之貨幣市場及債務工具的價格走勢。The BOC-Prudential MPF RMB & HKD Money Market Fund is a money market fund which seeks to achieve long term total returns by primarily investing in a portfolio of money market and debt instruments denominated in Renminbi ("RMB") and Hong Kong dollar ("HKD"). The return of this fund over the long term is expected to follow the price movement of the RMB and HKD denominated money market and debt instruments.


受惠於點心債和離岸人民幣存款帶來穩定收入，本基金於第3季度在離岸人民幣輕微貶值下仍錄得輕微升幅。展望將來，本基金將尋找機會增持優質短期票據以優化孳息和提高回報。The Fund registered a small gain in the third quarter despite mild depreciation in CNH as Dim Sum Bond and CNH deposits generated stable income. Going forward, the Fund would look for opportunity to add quality short-term papers in a way to optimize yield and enhance return.

港元現金及其他Cash & Others (HKD)

27.1%

人民幣債券Renminbi Bond

13.9%人民幣現金及其他

Cash & Others (CNH)53.1%

港元債券HK Dollar Bond

5.9%


現金及其他(3)

Cash & Others93.0%

債券Bond7.0%

投資政策 INVESTMENT POLICY中銀保誠強積金保守基金主要投資於存款及債務證券，投資組合之平均到期日不多於九十日。根據強制性公積金計劃（一般）規例附表1第16條以有效貨幣風險計算，中銀保誠強積金保守基金必須持有總值相等於該成分基金的總市值的港元貨幣投資項目。中銀保誠強積金保守基金的目標為獲取較港元儲蓄戶口存款利率為高的投資回報。The BOC-Prudential MPF Conservative Fund will be invested in deposits and debt securities with an average portfolio maturity of not exceeding 90 days and will have a total value of Hong Kong dollar currency investments equal to the total market value of the constituent fund, as measured by the effective currency exposure in accordance with section 16 of Schedule 1 of the Mandatory Provident Fund Schemes (General) Regulation. The BOC-Prudential MPF Conservative Fund aims at achieving a return higher than the interest rate in Hong Kong dollar savings account.


本基金於2016年第3季度錄得輕微正回報。貨幣市場利率於季內持續低企。我們將維持現時的期滿日，並尋找機會投資於存款證及港元企業債券以提高收益。The Fund reported a slight positive return for the third quarter of 2016. Money market rates were steadily low through the quarter. Whilst maintaining the current maturity profile, we shall look for opportunities to achieve yield enhancement through investing Certificates of Deposits and HKD corporate bonds.














年度回報(3)按港元計算Calendar Year Performance (3) in HKD 實際回報 (%) Actual Return2011 N/A 不適用2012 N/A 不適用2013 2.052014 0.162015 -1.50














年度回報按港元計算Calendar Year Performance in HKD 實際回報 (%) 訂明儲蓄利率 Actual Return (實際回報)* (%) Prescribed Saving Rate (Actual Return)* 2011 0.14 0.01 2012 0.60 0.012013 0.17 0.012014 0.59 0.012015 0.13 0.01



(1) 基金風險指數是以過去三年（至匯報日）之月回報率計算的標準偏差代表。有關數據將於2016年第二季起刊登。

(2) 提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。

計劃成員須直接支付的開支則不包括在內。有關數據將於2015年第二季起刊登。

(3) 3個月、年度至今、成立至今及年度回報表現將於2013年第四季起刊登。

此成分基金將至少以其資產淨值的50%持有以人民幣計值及結算的資產，因此需承受人民幣貨幣風險。人民幣並不是自由兌換貨幣，須遵守外匯管制政策和撤資限制。概不保證人民幣不會貶值或人民幣不會有貶值的風險。此外，此成分基金亦涉及投資項目有限風險、交易對手的信貸/無償債能力風險、流通性風險、新興市場風險及利率風險等。有關進一步詳情，請參閱中銀保誠簡易強積金計劃之介紹手冊第3.2節－「風險因素」。本計劃成員應留意：投資於中銀保誠強積金人民幣及港元貨幣市場基金並不等於將資金存入銀行或接受存款公司，亦未必可按認購值贖回投資項目。另外，此成分基金並不受香港金融管理局監管。



(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date. The figure will be shown from the second quarter of 2016.

(2) The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those

expenses paid directly by the scheme member. The figure will be shown from the second quarter of 2015.(3) 3 Months, Year-To-Date, Since Inception and Calendar Year Performance will be shown from the fourth

quarter of 2013.This constituent fund invests at least 50% of its net asset value in assets denominated and settled in RMB, and thus is subject to RMB currency risk. RMB is not freely convertible and is subject to policies of exchange controls and repatriation restrictions. There is no guarantee that the RMB will not depreciate or RMB will not be subject to devaluation. Besides, this constituent fund is also subject to risk relating to limited pool of investments, credit/insolvency risk of counterparties, liquidity risks, emerging market risk and interest rates risk, etc. For further details, please refer to Section 3.2 – "Risk Factors" of the Principal Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme.Members of the Scheme should note that investment in the BOC-Prudential MPF RMB & HKD Money Market Fund is not the same as placing funds on deposit with a bank or deposit-taking company and that there is no obligation to redeem the investment at the subscription value and that this constituent fund is not subject to the supervision of the Hong Kong Monetary Authority.



^ 由2009年9月30日起，中銀保誠保本基金已改名為中銀保誠強積金保守基金。

(1) 基金風險指數是以過去三年（至匯報日）之月回報率計算的標準偏差代表。

(2) 截至2016年3月31日止財政年度之基金開支比率。提供基金開支比率旨在讓計劃成員據以估算基金投資的開支總額，包括成分基金以下集體投資計劃所引致的成本。計劃成員須直接支付的開支則不包括在內。


* 訂明儲蓄利率被採用為基金指標。本計劃成員應留意：投資中銀保誠強積金保守基金並不等於將資金存入銀行或接受存款公司，亦未必可按認購值贖回投資項目。另外，中銀保誠強積金保守基金並不受香港金融管理局監管。



^ With effect from 30 September 2009, BOC-Prudential Capital Preservation Fund has been renamed to BOC-Prudential MPF Conservative Fund.

(1) The Fund Risk Indicator is shown as an annualized standard deviation based on the monthly rates of return of the fund over the past 3 years to the reporting date.

(2) Fund Expense Ratio (FER) as of financial year ended 31 March 2016. The purpose of FER is to provide a measure of the total level of expenses incurred in investing through a fund, including the costs incurred at lower level collective investment schemes but not including those expenses paid directly by the scheme member.


* Prescribed Savings Rate is used as the benchmark index.Members in the Scheme should be informed that the investment in the BOC-Prudential MPF Conservative Fund is not the same as placing funds on deposit with a bank or deposit taking company and that there is no obligation to redeem the investment at the subscription value and that the BOC-Prudential MPF Conservative Fund is not subject to the supervision of the Hong Kong Monetary Authority.

1 CHINA UNICOM HK 4% S/A 16APR2017 6.9%2 BSH BOSCH UND SI 3.8% S/A 24JUL2017 2.3%3 AGRICUL DEV BANK 3.5% S/A 17JAN2017 2.3%4 AGRICUL DEV BANK 3.28% S/A 16JAN2017 2.0%5 DAH SING BANK 1.25% A 01MAR2017 2.0%6 BK OF EAST ASIA 1.18% A 17MAY2017 1.9%7 CHONG HING BANK 1.41% A 25JAN2017 1.2%8 CHINA DEV BK/HK 1.43% A 10FEB2017 0.8%9 UNILEVER NV 2.95% S/A 27FEB2017 0.4%

1 FUBON BANK HK 0.91% S/A 08FEB2017 1.4%2 FUBON BANK HK 1.2% A 20APR2017 1.4%3 BK OF EAST ASIA 1.18% A 17MAY2017 0.9%4 CHINA DEV BK/HK 1.16% A 02NOV2016 0.7%5 CHONG HING BANK 1.41% A 25JAN2017 0.6%6 DAH SING BANK 1.75% A 26JAN2017 0.4%7 DAH SING BANK 1.25% A 01MAR2017 0.4%8 SUMITOMO MIT HK 1.25% A 07MAR2017 0.4%9 NT BK ABU DHB/HK 1.3% A 05APR2017 0.4%10 SUMITOMO MIT/HK 1.2% A 30AUG2017 0.4%

3個月 3 Months (3) 0.16 N/A 不適用年度至今 Year-To-Date (3) 0.67 N/A 不適用1年 1 Year -0.85 -0.853年 3 Years 0.26 0.095年 5 Years - -10年 10 Years - -成立至今 Since Inception (3) 1.35 0.38

3個月 3 Months 0.03 N/A 不適用 0.00 N/A 不適用年度至今 Year-To-Date 0.05 N/A 不適用 0.01 N/A 不適用1年 1 Year 0.05 0.05 0.01 0.01 3年 3 Years 0.88 0.29 0.02 0.01 5年 5 Years 1.69 0.34 0.04 0.01 10年 10 Years 7.85 0.76 2.78 0.27 成立至今 Since Inception 16.61 0.98 8.56 0.52

Risk Level#

風險程度

Low to Medium低至中

Risk Level#

風險程度

Low 低

Documents

中銀保誠簡易強積金計劃 — 季度基金便覽 2016 Factsheet Q3 2016.pdf · • 若你沒有選擇任何投資分佈，請緊記你所作出的供款及╱或轉移入中銀保誠簡易