Value Partners China Greenchip Fund Limited
 
NAV per share : HK$45.84 ( as at 31 August 2010 )
 
Investment objectives
 
Value Partners China Greenchip Fund Limited aims to achieve medium-term capital growth by means of
investing in companies established in Greater China or which derive a majority of their revenue from
business related to Greater China, whether in the form of direct investment in, or trade with, Greater
China. This includes companies incorporated and/or listed outside Greater China.
 
With effect from 26 March 2007, Value Partners China Greenchip Fund Limited has been converted to
an open-ended mutual fund authorized by Hong Kong Securities and Futures Commission# and has
voluntarily withdrawn from listing of its shares from the Stock Exchange of Hong Kong .
 
Fund fact
Fund manager Value Partners Limited
Launch date 8 April 2002
Minimum subscription HK$80,000
Subscription fee Up to 5% of the issue price
Management fee 1.5% per annum
Performance fee^ 15% of profit (high-on-high principle)
Redemption fee First 12 months: 5%
Second 12 months: 3%
After 24 months: waived
Dealing and valuation frequency The last business day of each calendar month
Fund size HK$414.84million (as at 30 July 2010)
Bloomberg code VPCHIGC KY
ISIN code KYG9317M1033
 
Performance update*   (Up to 30 July 2010)
The Fund 
One month +4.2% 
Year-to-date +13.8% 
Three-year -4.2% 
Since launch +350.8% 
 
Annual returns*
2010 (Year-to-date)
+13.8%+ 
2009
+116.7% 
2008
-57.4% 
2007
+36.3% 
2006
+43.7% 
2005
+16.1% 
2004
+1.5% 
2003
+85.6% 
 
 + Year-to date return as at 30 July 2010.
 
 
 
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^ Performance fee will only be charged if the NAV at the end of the financial year exceeds the "high watermark", which is the all-time year-end high of the fund's NAV. If in any one year, the fund suffers a loss, no performance fee can be charged in subsequent years until the loss is recovered fully (the high-on-high principle).
 
* Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in HK dollar, NAV to NAV, with dividend reinvested. Performance data is net of all fees.
 
#  SFC authorization does not imply official recommendation.
 
Please note that investment involves risks. The price of share may go down as well as up and the past performance of the Funds does not indicate future return. Investors should refer to the explanatory memorandum of the Funds for further details and the risk factors in particular those involved in investing in emerging markets prior to the subscription of the units of the Fund.