Interim Report As of 28 June 2019 ETFs World Index Shares ETFs Fund Manager and Interim Report Issuer BOCI-Prudential Asset Management

Transcription

1 Interim Report As of 28 June 2019 ETFs World Index Shares ETFs Fund Manager and Interim Report Issuer BOCI-Prudential Asset Management

2 W.I.S.E.-CSI 300 CHINA TRACKER, W.I.S.E.-CSI HK 100 TRACKER TM and W.I.S.E.-SSE 50 CHINA TRACKER (Sub-Funds of World Index Shares ETFs) TM 50 ETFs CONTENTS PAGE(S) MANAGEMENT AND ADMINISTRATION 1 REPORT OF THE MANAGER TO THE UNITHOLDERS 2 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) 12 STATEMENTS OF FINANCIAL POSITION UNAUDITED) 15 STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS (UNAUDITED) 18 STATEMENTS OF CASH FLOWS (UNAUDITED) 21 W.I.S.E.-CSI 300 CHINA TRACKER 300 INVESTMENT PORTFOLIO (UNAUDITED) 24 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) 38 PERFORMANCE TABLE (UNAUDITED) 56 W.I.S.E.-CSI HK 100 TRACKER TM 100 TM INVESTMENT PORTFOLIO (UNAUDITED) 57 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) 61 PERFORMANCE TABLE (UNAUDITED) 66 W.I.S.E.-SSE 50 CHINA TRACKER 50 INVESTMENT PORTFOLIO (UNAUDITED) 67 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) 70 PERFORMANCE TABLE (UNAUDITED) 74

3 W.I.S.E.-CSI 300 CHINA TRACKER, W.I.S.E.-CSI HK 100 TRACKER TM and W.I.S.E.-SSE 50 CHINA TRACKER (Sub-Funds of World Index Shares ETFs) TM 50 ETFs MANAGEMENT AND ADMINISTRATION MANAGER AND LISTING AGENT BOCI-Prudential Asset Management Limited 27/F, Bank of China Tower 1 Garden Road Central Hong Kong DIRECTORS OF THE MANAGER AND LISTING AGENT Wang Zhongze Tse Yung Hoi Lee Yui Leung Seck Wai Kwong TRUSTEE AND CUSTODIAN BOCI-Prudential Trustee Limited 12/F & 25/F, CITICorp Centre 18 Whitfield Road Causeway Bay Hong Kong REGISTRAR Computershare Hong Kong Investor Services Limited 46/F, Hopewell Centre 183 Queen s Road East Wanchai Hong Kong CONVERSION AND SERVICE AGENT HK Conversion Agency Services Limited 10/F, One International Finance Centre 1 Harbour View Street Central Hong Kong LEGAL ADVISER TO THE MANAGER Baker & McKenzie 14th Floor, One Taikoo Place 979 King s Road Quarry Bay Hong Kong AUDITOR Ernst & Young 22nd Floor, CITIC Tower 1 Tim Mei Avenue Central Hong Kong

4 REPORT OF THE MANAGER TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) Fund Performance The W.I.S.E. CSI 300 China Tracker ( WISE-CSI300 or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to track the performance of the CSI 300 Index (the Underlying Index or CSI300 ). As of 27 June 2019, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 53,200,000 units outstanding and total assets under management ( AUM ) of 1,881,312,203. The WISE-CSI300 adopts a representative sampling strategy. A summary of the performance of the WISE- CSI300 is shown below. 300 ETFs ,200,000 AUM 1,881,312, Since Inception Total Return (a) YTD (Annualized) (f) (a) (f) CSI 300 (RMB) (b) 28.54% % 23.99% -9.47% 7.04% 55.61% 1.68% 300 (b) CSI 300 () (c) 27.76% % 33.35% % 2.13% 51.95% 2.49% 300 (c) WISE-CSI300 NAV-to-NAV (d) 27.53% % 30.09% % 2.13% 40.27% -0.64% 300 (d) WISE-CSI300 Market-to-Market (e) 25.94% % 33.56% % 2.80% 28.29% -0.68% 300 (e) as of 27 June 2019 (last dealing date of June, 2019) Past performance figures shown are not indicative of the future performance of the Sub-Fund. It was a synthetic ETF during 17 July 2007 to 27 December Please note that the investment strategy of the Sub-Fund has changed from synthetic representative strategy to physical representative strategy and the removal of synthetic fund name condition with effect from 28 December Starting from 1 July 2014, CSI 300 Total Return Index is replaced with CSI 300 Net Total Return Index for index performance calculation. CSI 300 Net Total Return Index is denominated in RMB. For the purpose of performance comparison, index performance is presented in and calculated by referring to the foreign exchange rates for RMB / quoted by Bloomberg Bloomberg RMB (CNY) rate (Tokyo Composite) at 4:00 p.m. Hong Kong time on the corresponding dealing dates (CNY) (a) (b) (c) (d) (e) (f) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. The index performance in RMB calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the Sub-Fund. The index performance in calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the Sub-Fund. The Sub-Fund performance is calculated in on NAV-to-NAV basis with gross distribution reinvested. Units in the Sub-Fund are issued and redeemed at NAV. Market returns are calculated in using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. This is the annualized return since the Sub-Fund inception. The Sub-Fund inception date is 13 July (a) (b) (c) (d) (e) (f) Sources: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd. and Bloomberg 2

5 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 ETFs Fund Activities As of 27 June 2019, there were 53,200,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 291 stocks. 53,200, On 28 February 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the disclosure in relation to the investment strategy of the Sub-Fund was enhanced in the Prospectus and the Product Key Facts Statement ( KFS ) of the Sub- Fund. The investment strategy of the Sub-Fund was enhanced by elaborating the circumstances in which the Sub-Fund may have holding of A Shares which are nonconstituent stocks from time to time. Such amendment took effect from 28 March 2019 and was reflected in the KFS. A In the meantime, the information relating to the number of listed companies on the Shanghai Stock Exchange and its total market capitalization, the number of listed companies on the Shenzhen Stock Exchange and its total market capitalization and the percentage of the total market capitalisation of the Shenzhen Stock Exchange and the Shanghai Stock Exchange that the 300 constituent stocks of the CSI 300 Index represent as set out in the Prospectus and the KFS was updated. The information relating to the ten largest constituent securities of the CSI 300 Index was removed from the Prospectus On 28 March 2019, the Manager announced that the enhancement of disclosure in relation to the investment strategy of the Sub-Fund in the Prospectus and the KFS of the Sub-Fund had taken immediate effect. Furthermore, the updated KFS was issued to disclose updated information relating to the ongoing charges, tracking difference and past performance of the Sub-Fund. In the meantime, the information relating to the top ten holdings of the CSI 300 Index and the percentage of the total market capitalisation of the Shenzhen Stock Exchange and the Shanghai Stock Exchange that the 300 constituent stocks of the CSI 300 Index represent as set out in the KFS was updated The Manager s website has not been reviewed by the SFC. 1 3

6 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 ETFs Fund Activities (continued) On 15 April 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the address of the legal advisers to the Manager in the Prospectus was changed. Please refer to the relevant announcements published on the Manager s website 1 ( for details. 1 ( Index Activities The CSI 300 Index underwent one regular semi-annual review in the first half of The details of the index changes are summarized in Figure Please refer to the relevant announcements published on the CSI web-site ( for details. ( Figure 1 1 Deletion Addition Effective Date Stock Code Stock Name Stock Code Stock Name 17-Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun China Reform Health Management and Services Group Co., Ltd Qinghai Salt Lake Industry Co., Ltd Tus-Sound Environmental Resources Co., Ltd CITIC Guoan Information Industry Co., Ltd Beijing Shougang Co., Ltd Shanxi Xishan Coal and Electricity Power Co., Ltd China Merchants Expressway Network & Technology Co., Ltd Zhejiang Wanfeng Auto Wheel Co., Ltd Kangde Xin Composite Material Group Co., Ltd Suofeiya Home Collection Co., Ltd Anhui Gujing Distillery Co., Ltd Pangang Group Vanadium Titanium & Resources Co., Ltd Jinke Property Group Co., Ltd Transfar Zhilian Co., Ltd Glodon Company Limited Wanda Film Holding Co., Ltd Avary Holding (Shenzhen) Co., Limited China Great Wall Securities Co., Ltd ChinaLin Securities Co., Ltd Mango Excellent Media Co., Ltd. 4

7 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 ETFs Index Activities (continued) Figure 1 (continued) Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 17-Jun Jun Jun Jun Jun Jun Jun Jun Jun First Capital Securities Co., Ltd Wintime Energy Co., Ltd Kangmei Pharmaceutical Co., Ltd Xiamen Tungsten Corp Liaoning Chengda Co., Ltd Huaan Securities Co., Ltd Guangshen Railway Company Limited China Nuclear Engineering Corporation Limited Datang International Power Generation Co., Ltd Wens Foodstuff Group Co., Ltd Bluestar Adisseo Company Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd BluePark New Energy Technology Co., Ltd Tianfeng Securities Co., Ltd Qingdao Port International Co., Ltd The People s Insurance Company (Group) of China Limited Bank of Changsha Co., Ltd Dawning Information Industry Co., Ltd Source: China Securities Index Co., Ltd., Shanghai Stock Exchange and Shenzhen Stock Exchange 5

8 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK 100 TRACKER TM (SUB-FUND OF WORLD INDEX SHARES ETFs) 100 TM ETFs Fund Performance The W.I.S.E. CSI HK 100 Tracker TM ( WISE-CSIHK100 or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to track the performance of the CSI Hong Kong 100 Index (the Underlying Index or CSIHK100 ). As of 28 June 2019, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 46,249,300 units outstanding and total assets under management ( AUM ) of 1,208,652, TM ,249,300AUM 1,208,652,245 The WISE-CSIHK100 adopts a representative sampling strategy, and invests in a representative sample of the index securities of the Underlying Index. A summary of the performance of the WISE-CSIHK100 is shown below Total Return (a) in YTD Since Inception (Annualized) (e) (a) (e) CSIHK100 (b) 12.11% % 44.02% 4.39% -5.78% 5.31% 4.55% 100 (b) WISE-CSIHK100 NAV-to-NAV (c) 11.62% % 42.52% 2.09% -6.38% 4.44% 3.39% 100 (c) WISE-CSIHK100 Market-to-Market (d) 11.75% % 41.39% 3.58% -7.42% 5.03% 3.37% 100 (d) as of 28 June 2019 (last dealing date of June, 2019) Past performance figures shown are not indicative of the future performance of the Sub-Fund. (a) Total returns represent the rate that an investor would have (a) earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. (b) The index performance calculated on a total return basis reflects (b) returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the Sub-Fund. (c) Units in the Sub-Fund are issued and redeemed at NAV. The (c) Sub-Fund performance is calculated on NAV-to-NAV basis with gross distribution reinvested. (d) Market returns are calculated using historical market closing (d) prices, and do not represent the returns you would receive if you traded units at other times. (e) This is the annualized return since the Sub-Fund inception. The (e) Sub-Fund inception date is 13 May Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd. and Bloomberg 6

9 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) 50 ETFs Fund Activities As of 28 June 2019, there were 46,249,300 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 99 stocks. 46,249,30099 On 28 February 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the disclosure in relation to the investment strategy of the Sub-Fund was enhanced in the Prospectus and the Product Key Facts Statement ( KFS ) of the Sub- Fund. The investment strategy of the Sub-Fund was enhanced by elaborating the circumstances in which the Sub-Fund may have holding of Securities which are nonconstituent stocks from time to time. Such amendment took effect from 28 March 2019 and was reflected in the KFS. In the meantime, the information relating to the ten largest constituent securities of the CSI Hong Kong 100 Index was removed from the Prospectus. 100 On 28 March 2019, the Manager announced that the enhancement of disclosure in relation to the investment strategy of the Sub-Fund in the Prospectus and the KFS of the Sub-Fund had taken immediate effect. Furthermore, the updated KFS was issued to disclose updated information relating to the ongoing charges, tracking difference and past performance of the Sub-Fund. In the meantime, the information relating to the top ten holdings of the CSI Hong Kong 100 Index set out in the KFS was updated. 100 On 15 April 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the address of the legal advisers to the Manager in the Prospectus was changed. Please refer to the relevant announcements published on the Manager s website 1 ( for details. 1 ( 1 The Manager s website has not been reviewed by the SFC. 1 7

10 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK 100 TRACKER TM (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 100 TM ETFs Index Activities The CSI HK 100 Index underwent one regular semi-annual review in the first half of The details of the index changes are summarized in Figure Please refer to the relevant announcements published on the CSI web-site ( for details. ( Figure 1 Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 17-Jun HK The Bank of East Asia, Limited 3690.HK Meituan Dianping 17-Jun HK Chow Tai Fook Jewellery Group Limited 6862.HK Haidilao International Holding Ltd. 17-Jun HK China Resources Pharmaceutical Group Limited 0241.HK Alibaba Health Information Technology Limited 17-Jun HK Dali Foods Group Company Limited 0788.HK China Tower Corporation Limited Source: China Securities Index Co., Ltd. and HKEX 8

11 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) 50 ETFs Fund Performance The W.I.S.E. SSE 50 China Tracker ( WISE-SSE50 or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to provide investment performance (before taxes) that tracks the performance of the SSE 50 Index (the Underlying Index or SSE50 ). As of 27 June 2019, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 2,800,000 units outstanding and total assets under management ( AUM ) of 76,198,308. The WISE-SSE50 adopts a representative sampling strategy. The Sub-Fund, at present, invests directly in A Shares via the Shanghai-Hong Kong Stock Connect. A summary of the performance of the WISE-SSE50 is shown below ,800,000 AUM 76,198, A50 Since Inception Total Return (a) YTD (Annualized) (f) (a) (f) SSE50 (RMB) (b) 29.56% % 27.98% -3.01% -4.42% 69.34% 7.15% 50 (b) SSE50 () (c) 28.82% % 37.74% -9.35% -8.73% 65.23% 7.17% 50 (c) WISE SSE50 NAV-to-NAV (d) 27.54% % 35.55% -3.66% % 57.60% 3.96% 50 (d) WISE SSE50 Market-to-Market (e) 25.29% % 39.36% -6.85% -7.34% 52.10% 3.78% 50 (e) as of 27 June 2019 (last dealing date of June, 2019) It was a synthetic ETF during 15 April 2009 to 11 May Please note that the investment strategy of the Sub-Fund has changed from synthetic replication to physical replication with effect from 12 May Past performance figures shown are not indicative of the future performance of the Sub-Fund. Starting from 1 July 2014, SSE 50 Total Return Index is replaced with SSE 50 Net Total Return Index for index performance calculation. SSE 50 Net Total Return Index is denominated in RMB. For the purpose of performance comparison, index performance is presented in and calculated by referring to the foreign exchange rates for RMB / quoted by Bloomberg Bloomberg RMB (CNY) rate (Tokyo Composite) at 3:00 p.m. Hong Kong time on the corresponding dealing dates. (a) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. (b) The index performance in RMB calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the Sub-Fund. (c) The index performance in calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the Sub-Fund. (d) The Sub-Fund performance is calculated in on NAV-to-NAV basis with gross distribution reinvested. Units in the Sub-Fund are issued and redeemed at NAV. (e) Market returns are calculated in using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. (f) This is the annualized return since the Sub-Fund inception. The Sub-Fund inception date is 9 April Sources: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd. and Bloomberg (CNY) (a) (b) (c) (d) (e) (f) 9

12 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 50 ETFs Fund Activities As of 27 June 2019, there were 2,800,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 50 stocks. On 28 February 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the disclosure in relation to the investment strategy of the Sub-Fund was enhanced in the Prospectus and the Product Key Facts Statement ( KFS ) of the Sub- Fund. The investment strategy of the Sub-Fund was enhanced by elaborating the circumstances in which the Sub-Fund may have holding of Securities which are nonconstituent stocks from time to time. Such amendment took effect from 28 March 2019 and was reflected in the KFS. In the meantime, the information relating to the number of listed companies on the Shanghai Stock Exchange and its total market capitalization and the percentage of the total market capitalisation of the Shanghai Stock Exchange that the 50 constituent stocks of the SSE 50 Index represent set out in the Prospectus and KFS was updated. The information relating to the ten largest constituent securities of the SSE 50 Index was removed from the Prospectus. On 28 March 2019, the Manager announced that the enhancement of disclosure in relation to the investment strategy of the Sub-Fund in the Prospectus and the KFS of the Sub-Fund had taken immediate effect. Furthermore, the updated KFS was issued to disclose updated information relating to the ongoing charges, tracking difference and past performance of the Sub-Fund. In the meantime, the information relating to the top ten holdings of the SSE 50 Index and the percentage of the total market capitalisation of the Shanghai Stock Exchange that the 50 constituent stocks of the SSE 50 Index represent set out in the KFS was updated. On 15 April 2019, the Manager announced that there was a change in the composition of the board of directors of the Manager with immediate effect. Furthermore, the address of the legal advisers to the Manager in the Prospectus was changed. Please refer to the relevant announcements published on the Manager s website ( for details. 2,800, ( 1 The Manager s website has not been reviewed by the SFC. 1 10

13 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 50 ETFs Index Activities The SSE 50 Index underwent one regular semi-annual review in first half of The details of the index changes are summarized in Figure Please refer to the relevant announcements published on the CSI web-site ( for details. Figure 1 ( 1 Deletion Addition Effective Date Stock Code Stock Name Stock Code Stock Name 17-Jun Jun Jun Jun Jun Shandong Gold Mining Co., Ltd Greenland Corporation Limited Daqin Railway Co., Ltd Bank of Beijing Co., Ltd Security Technology Inc Sany Heavy Industry Co., Ltd Haitong Securities Company Limited China Securities Co., Ltd Air China Limited The People s Insurance Company (Group) of China Limited Sources: China Securities Index Co., Ltd.and Shanghai Stock Exchange 11

14 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 W.I.S.E. CSI 300 China Tracker to # to # INCOME Dividend income 18,531,656 46,874,791 Interest income 13,452 23,721 Other income 32,085 18,545,108 46,930,597 EXPENSE Auditor s remuneration 27, ,714 Legal & professional fee 4, ,291 Maintenance fee Management fee 9,481,984 21,308,326 Trustee fee Custodian and bank charges 274, ,322 Transaction costs on investments 1,022,867 2,111,916 Transaction handling fee 68, ,035 Other expenses 83, ,248 10,962,398 24,719,852 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 7,582,710 22,210,745 NET INVESTMENT AND EXCHANGE GAIN (LOSS) Net exchange gain (loss) 623,674 (398,917) Realised gain (loss) on sale of investments (18,001,640) 58,568,446 Unrealised appreciation (diminution) in value of investments 489,356,549 (749,638,803) PROFIT (LOSS) BEFORE TAX 479,561,293 (669,258,529) Tax (1,867,845) (4,698,095) PROFIT (LOSS) AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR 477,693,448 (673,956,624) # 27 June 2019 is the last dealing day of June 2019 # 12

15 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 (continued) W.I.S.E. CSI HK 100 Tracker TM 100 TM to to INCOME Dividend income 23,449,407 35,168,462 Interest income 6,325 1,975 Other income 13 23,455,731 35,170,450 EXPENSE Auditor s remuneration Legal & professional fee 4,229 1,167 Maintenance fee Management fee 5,534,744 10,247,422 Trustee fee Custodian and bank charges Transaction costs on investments 322, ,652 Transaction handling fee 102,122 98,350 Other expenses 5,963,324 10,846,591 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 17,492,408 24,323,859 NET INVESTMENT AND EXCHANGE GAIN (LOSS) Net exchange gain (loss) (5,154) (633) Realised gain (loss) on sale of investments 447,108 10,604,418 Unrealised appreciation (diminution) in value of investments 101,249,007 (172,049,510) PROFIT (LOSS) BEFORE TAX 119,183,369 (137,121,866) Tax (1,006,451) (1,582,566) PROFIT (LOSS) AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR 118,176,918 (138,704,432) 13

16 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 (continued) W.I.S.E. SSE 50 China Tracker to # to # INCOME Dividend income 911,038 2,786,129 Interest income 559 1,121 Other income 74, ,154 2,787,250 EXPENSE Auditor s remuneration Legal & professional fee 4,229 1,167 Maintenance fee Management fee 323, ,721 Trustee fee Custodian and bank charges Transaction costs on investments 60, ,999 Transaction handling fee 12,300 27,900 Other expenses 400,720 1,014,787 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 585,434 1,772,463 NET INVESTMENT AND EXCHANGE GAIN (LOSS) Net exchange gain (loss) (22,867) (60,014) Realised gain (loss) on sale of investments (3,210,346) (4,891,575) Unrealised appreciation (diminution) in value of investments 20,710,346 (21,385,634) PROFIT (LOSS) BEFORE TAX 18,062,567 (24,564,759) Tax (91,721) (278,612) PROFIT (LOSS) AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR 17,970,846 (24,843,372) # 27 June 2019 is the last dealing day of June 2019 # 14

17 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF FINANCIAL POSITION (UNAUDITED) AS AT 28TH JUNE 2019 W.I.S.E. CSI 300 China Tracker # # CURRENT ASSETS Investments 1,877,736,731 1,718,567,748 Prepayments 14,393 18,442 Depository reserve Dividends and other receivables Amount due from broker Bank balances 5,311,689 2,960,094 Total current assets 1,883,062,813 1,721,546,284 CURRENT LIABILITIES Management fee payable 1,668,946 2,296,381 Amount due to broker Trustee fee payable Distributions payable Tax payable Amounts payable on redemption Other accounts payable and accruals 81, ,948 Total current liabilities 1,750,610 2,439,329 Net current assets 1,881,312,203 1,719,106,955 Net assets attributable to unitholders 1,881,312,203 1,719,106,955 Units in issue 53,200,000 62,000,000 Net asset value per unit # 27 June 2019 is the last dealing day of June 2019 # 15

18 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (continued) AS AT 28TH JUNE 2019 (continued) W.I.S.E. CSI HK 100 Tracker TM 100 TM CURRENT ASSETS Investments 1,202,230, ,481,604 Prepayments 13,450 17,554 Depository reserve Dividends and other receivables 9,096,792 8,254 Amount due from broker 531,100 Bank balances 1,808,741 3,654,449 Total current assets 1,213,681,070 1,003,161,861 CURRENT LIABILITIES Management fee payable 929, ,344 Amount due to broker 2,798,910 Trustee fee payable Distributions payable Tax payable Amounts payable on redemption 1,283,374 Other accounts payable and accruals 17,374 14,883 Total current liabilities 5,028, ,227 Net current assets 1,208,652,245 1,002,249,634 Net assets attributable to unitholders 1,208,652,245 1,002,249,634 Units in issue 46,249,300 42,808,000 Net asset value per unit

19 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF FINANCIAL POSITION (UNAUDITED) (continued) AS AT 28TH JUNE 2019 (continued) W.I.S.E. SSE 50 China Tracker # # CURRENT ASSETS Investments 76,164,507 85,314,304 Prepayments 13,078 17,122 Depository reserve Dividends and other receivables Amount due from broker Bank balances 72,773 88,743 Total current assets 76,250,358 85,420,169 CURRENT LIABILITIES Management fee payable 44,850 68,807 Amount due to broker Trustee fee payable Distributions payable Tax payable Amounts payable on redemption Other accounts payable and accruals 7,200 8,100 Total current liabilities 52,050 76,907 Net current assets 76,198,308 85,343,262 Net assets attributable to unitholders 76,198,308 85,343,262 Units in issue 2,800,000 4,000,000 Net asset value per unit # 27 June 2019 is the last dealing day of June 2019 # 17

20 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS (UNAUDITED) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 W.I.S.E. CSI 300 China Tracker 300 Total Balance as at 1 January ,641,579,659 Total comprehensive income (673,956,624) Issue of units 83,963,520 Redemption of units (332,479,600) Distributions Balance as at 31 December ,719,106,955 Balance as at 1 January ,719,106,955 Total comprehensive income 477,693,448 Issue of units 51,831,800 Redemption of units (367,320,000) Distributions Balance as at 27 June 2019 # # 1,881,312,203 Number of units in issue W.I.S.E. CSI 300 China Tracker to # to # Units Units Units in issue at the beginning of the period/year 62,000,000 68,000,000 Issue of units 1,800,000 2,400,000 Redemption of units (10,600,000) (8,400,000) Units in issue at the end of the period/year 53,200,000 62,000,000 # 27 June 2019 is the last dealing day of June 2019 # 18

21 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 (continued) W.I.S.E. CSI HK 100 Tracker TM 100 TM Total Balance as at 1 January ,991,260 Total comprehensive income (138,704,432) Issue of units 227,776,915 Redemption of units (80,814,109) Distributions Balance as at 31 December ,002,249,634 Balance as at 1 January ,002,249,634 Total comprehensive income 118,176,918 Issue of units 139,806,882 Redemption of units (51,581,189) Distributions Balance as at 28 June ,208,652,245 Number of units in issue W.I.S.E. CSI HK 100 Tracker TM 100 TM to to Units Units Units in issue at the beginning of the period/year 42,808,000 37,192,500 Issue of units 5,433,200 8,730,100 Redemption of units (1,991,900) (3,114,600) Units in issue at the end of the period/year 46,249,300 42,808,000 19

22 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CHANGES IN NET ASSETS ATTRIBUTABLE TO UNITHOLDERS (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2019 TO 28TH JUNE 2019 (continued) W.I.S.E. SSE 50 China Tracker 50 Total Balance as at 1 January ,323,023 Profit (loss) for the year/period and total comprehensive income (expense) (24,843,372) Proceeds on issue of units 19,262,891 Payments on redemption of units (18,399,280) Distributions Balance as at 31 December ,343,262 Balance as at 1 January ,343,262 Profit (loss) for the year/period and total comprehensive income (expense) 17,970,846 Proceeds on issue of units Payments on redemption of units (27,115,800) Distributions Balance as at 27 June 2019 # # 76,198,308 Number of units in issue W.I.S.E. SSE 50 China Tracker to # to # Units Units Units in issue at the beginning of the period/year 4,000,000 4,000,000 Issue of units 800,000 Redemption of units (1,200,000) (800,000) Units in issue at the end of the period/year 2,800,000 4,000,000 # 27 June 2019 is the last dealing day of June 2019 # 20

23 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE PERIOD ENDED 28TH JUNE 2019 W.I.S.E. CSI 300 China Tracker to # to # CASH FLOW FROM OPERATING ACTIVITIES Purchase of investments (178,396,280) (732,351,044) Sale of investments 122,578, ,817,979 Depositary reserve Interest received 13,452 23,721 Other income received 320,183 Management fee paid (10,109,419) (22,495,675) Trustee fee paid Fund expenses paid (1,537,649) (3,685,698) Dividend received 18,531,656 46,874,791 Tax (paid) refund (1,867,845) (4,698,095) NET CASH (USED IN) FROM OPERATING ACTIVITIES (50,787,912) (75,193,838) CASH FLOW FROM FINANCING ACTIVITIES Proceeds (Payment) from issuance of units 51,831, ,963, Proceeds (Payment) for redemption of units 684, (11,553,348.00) Distributions paid NET CASH (USED IN) FROM FINANCING ACTIVITIES 52,515, ,410, NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,727, (2,783,666.00) EFFECT OF FOREIGN EXCHANGE RATE CHANGES 623, (398,917.00) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD/YEAR 2,960, ,142, CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/YEAR, represented by Bank balances 5,311,689 2,960,094 # 27 June 2019 is the last dealing day of June 2019 # 21

24 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CASH FLOWS (UNAUDITED) (continued) FOR THE PERIOD ENDED 28TH JUNE 2019 (continued) W.I.S.E. CSI HK 100 Tracker TM 100 TM to to CASH FLOW FROM OPERATING ACTIVITIES Purchase of investments (238,900,170) (306,616,502) Sale of investments 140,114, ,734,268 Depositary reserve Interest received 6,325 1,975 Other income received (10,226,461) Management fee paid (5,498,816) Trustee fee paid (589,765) Fund expenses paid (426,089) 35,192,943 Dividend received 14,360,869 (1,582,566) Tax (paid) refund (1,006,451) 13 NET CASH (USED IN) FROM OPERATING ACTIVITIES (91,349,621) (135,086,095) CASH FLOW FROM FINANCING ACTIVITIES Proceeds (Payment) from issuance of units 139,806, ,776,915 Proceeds (Payment) for redemption of units (50,297,815) (80,814,109) Distributions paid (16,364,700) NET CASH (USED IN) FROM FINANCING ACTIVITIES 89,509, ,598,106 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,840,554) (4,487,989) EFFECT OF FOREIGN EXCHANGE RATE CHANGES (5,154) (633) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD/YEAR 3,654,449 8,143,071 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/YEAR, represented by Bank balances 1,808,741 3,654,449 22

25 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF CASH FLOWS (UNAUDITED) (continued) FOR THE PERIOD ENDED 28TH JUNE 2019 (continued) W.I.S.E. SSE 50 China Tracker to # to # CASH FLOW FROM OPERATING ACTIVITIES Purchase of investments (5,008,167) (40,940,464) Sale of investments 31,657,964 38,497,983 Depositary reserve Interest received 559 1,121 Other income received 74,557 (895,384) Management fee paid (343,842) Trustee fee paid (77,691) (131,866) Fund expenses paid 2,786,129 Dividend received 911,038 (278,612) Tax (paid) refund (91,721) NET CASH (USED IN) FROM OPERATING ACTIVITIES 27,122,697 (961,093) CASH FLOW FROM FINANCING ACTIVITIES Proceeds (Payment) from issuance of units 19,262,891 Proceeds (Payment) for redemption of units (27,115,800) (18,399,280) Distributions paid (1,000,000) NET CASH (USED IN) FROM FINANCING ACTIVITIES (27,115,800) (136,389) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,897 (1,097,482) EFFECT OF FOREIGN EXCHANGE RATE CHANGES (22,867) (60,014) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD/YEAR 88,743 1,246,239 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD/YEAR, represented by Bank balances 72,773 88,743 # 27 June 2019 is the last dealing day of June 2019 # 23

26 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) China 360 Security Technology Inc-A A 53,200 1,316, Adama Co Ltd-A A 39, , AECC Aviation Power Co Ltd-A A 124,200 3,246, Agricultural Bank of China Ltd-A A 5,060,700 20,820, Aier Eye Hospital Group Co Ltd-A 176,380 6,208, A Air China Ltd-A A 409,700 4,428, Aisino Corp-A A 149,601 3,951, Aluminum Corp of China Ltd-A A 864,000 3,888, Angang Steel Co Ltd-A A 236,800 1,402, Anhui Conch Cement Co Ltd-A A 264,200 12,388, Anhui Gujing Distillery Co Ltd-A A 15,100 2,006, Anxin Trust Co Ltd-A A 308,300 1,786, AVIC Aircraft Co Ltd-A A 196,748 3,541, AVIC Capital Co Ltd-A A 665,143 4,142, AVIC Jonhon Optronic Technology Co Ltd-A 70,700 2,715, A AVIC Shenyang Aircraft Co Ltd-A A 58,500 1,948, Avicopter Plc-A A 39,815 1,889, Bank of Beijing Co Ltd-A A 1,955,200 13,088, Bank of Chengdu Co Ltd-A A 238,600 2,418, Bank of China Ltd-A A 2,784,100 11,865, Bank of Communications Co Ltd-A A 3,629,600 25,245, Bank of Guiyang Co Ltd-A A 271,820 2,715, Bank of Hangzhou Co Ltd-A A 279,332 2,660, Bank of Jiangsu Co Ltd-A A 944,339 7,802, Bank of Nanjing Co Ltd-A A 818,022 7,707, Bank of Ningbo Co Ltd-A A 344,049 9,384, Bank of Shanghai Co Ltd-A A 755,722 10,186, Baoshan Iron & Steel Co Ltd-A A 1,177,117 8,735, BBMG Corp-A A 464,800 1,970,

27 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Beijing Enlight Media Co Ltd-A A 119, , Beijing New Building Materials Plc-A 119,700 2,493, A Beijing Orient Landscape & Environment Co Ltd-A 188,900 1,303, A Beijing Oriental Yuhong Waterproof Technology Co Ltd-A 122,014 3,160, A Beijing Originwater Technology Co Ltd-A 274,325 2,453, A Beijing Sanju Environmental Protection and New Material Co 162,574 1,485, Ltd-A A Beijing Shiji Information Technology Co Ltd-A 53,200 2,142, A Beijing Tongrentang Co Ltd-A A 79,784 2,638, Beijing Xinwei Technology Group Co Ltd-A 110, A BOE Technology Group Co Ltd-A 3,131,400 12,277, A Bohai Leasing Co Ltd-A A 268,900 1,216, BYD Co Ltd-A A 125,170 7,188, Caitong Securities Co Ltd-A A 332,000 4,173, Changchun High & New Technology Industries (Group) Inc-A 17,393 6,613, A Changjiang Securities Co Ltd-A A 558,600 4,818, Chaozhou Three-Circle Group Co Ltd-A 140,793 3,134, A Chengdu Kanghong Pharmaceutical Group Co Ltd-A 22, , A China Avionics Systems Co Ltd-A 71,400 1,215, A China CITIC Bank Corp Ltd-A A 404,900 2,761,

28 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) China Coal Energy Co Ltd-A A 236,800 1,305, China Communications Construction Co Ltd-A 323,650 4,149, A China Construction Bank Corp-A A 922,200 7,755, China Eastern Airlines Corp Ltd-A A 540,700 3,859, China Everbright Bank Co Ltd-A A 2,175,300 9,468, China Film Co Ltd-A A 106,525 1,848, China Fortune Land Development Co Ltd-A 249,166 9,257, A China Galaxy Securities Co Ltd-A A 175,800 2,417, China Gezhouba Group Co Ltd-A 383,600 2,716, A China Grand Automotive Services Co Ltd-A 397,306 1,982, A China International Travel Service Corp Ltd-A 133,500 13,136, A China Jushi Co Ltd-A A 288,300 3,138, China Life Insurance Co Ltd-A A 227,400 7,355, China Merchants Bank Co Ltd-A A 1,362,600 56,446, China Merchants Securities Co Ltd-A A 392,281 7,699, China Merchants Shekou Industrial Zone Co Ltd-A 313,433 7,487, A China Minsheng Banking Corp Ltd-A 3,279,200 23,702, A China Molybdenum Co Ltd-A A 971,000 4,524, China National Chemical Engineering Co Ltd-A 311,400 2,194, A China National Nuclear Power Co Ltd-A 650,100 4,107, A China Northern Rare Earth Group Hi-Tech Co Ltd-A A 305,981 4,364,

29 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) China Oilfield Services Ltd-A A 81, , China Pacific Insurance (Group) Co Ltd-A 415,400 17,113, A China Petroleum & Chemical Corp-A 1,707,500 10,537, A China Railway Construction Corp Ltd-A 637,416 7,193, A China Railway Group Ltd-A A 1,024,100 7,600, China Shenhua Energy Co Ltd-A A 435,500 10,077, China Shipbuilding Industry Co Ltd-A 1,209,080 7,585, A China Shipbuilding Industry Group Power Co Ltd-A 93,600 2,592, A China Southern Airlines Co Ltd-A A 505,301 4,439, China Spacesat Co Ltd-A A 88,610 2,306, China State Construction Engineering Corp Ltd-A 2,772,900 18,467, A China United Network Communications Ltd-A 1,230,200 8,682, A China Vanke Co Ltd-A A 642,341 20,316, China Yangtze Power Co Ltd-A A 871,800 17,636, Chongqing Changan Automobile Co Ltd-A 268,500 2,029, A Chongqing Zhifei Biological Products Co Ltd-A 66,400 3,230, A CITIC Securities Co Ltd-A A 1,039,800 28,255, COSCO Shipping Co Ltd-A 550,129 3,157, A CRRC Corp Ltd-A A 1,285,600 11,878, CSC Financial Co Ltd-A A 62,300 1,562, Daqin Railway Co Ltd-A A 810,057 7,493,

30 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Dawning Information Industry Co Ltd-A 83,600 3,467, A DHC Software Co Ltd-A A 236,016 1,901, Dong-E E-Jiao Co Ltd-A A 67,302 3,067, Dongxing Securities Co Ltd-A A 195,005 2,655, East Money Information Co Ltd-A A 709,908 11,021, Everbright Securities Co Ltd-A A 264,713 3,444, Fangda Carbon New Material Co Ltd-A 140,800 2,877, A Fiberhome Telecommunication Technologies Co Ltd-A 94,783 3,052, A Financial Street Co Ltd-A A 172,800 1,525, Focus Media Information Technology Co Ltd-A 1,357,263 8,314, A Foshan Haitian Flavouring & Food Co Ltd-A 107,041 12,767, A Founder Securities Co Ltd-A A 597,800 4,857, Foxconn Industrial Internet Co Ltd-A 171,500 2,368, A Fuyao Glass Industry Group Co Ltd-A 193,822 4,894, A Ganfeng Lithium Co Ltd-A A 110,150 2,980, GD Power Development Co Ltd-A A 1,550,200 4,492, Gemdale Corp-A A 298,200 4,063, GF Securities Co Ltd-A A 408,258 6,416, Giant Network Group Co Ltd-A A 87,600 1,807, Gigadevice Semiconductor Beijing Inc-A 18,200 1,786, A Glodon Co Ltd-A A 89,700 3,225, Goertek Inc-A A 276,914 2,719, Great Wall Motor Co Ltd-A A 192,400 1,810, Gree Electric Appliances Inc-A A 635,700 39,728, Greenland Corp Ltd-A A 492,600 3,840,

31 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Guangdong Haid Group Co Ltd-A A 109,087 3,837, Guangzhou Automobile Group Co Ltd-A 126,520 1,547, A Guangzhou Baiyun International Airport Co Ltd-A 143,786 2,913, A Guangzhou Baiyunshan Pharmaceutical Co Ltd-A 79,820 3,755, A Guangzhou Port Co Ltd-A A 253,643 1,181, Guosen Securities Co Ltd-A A 324,747 4,908, Guotai Junan Securities Co Ltd-A A 595,827 12,337, Guoyuan Securities Co Ltd-A A 294,400 3,098, Haier Smart Home Co Ltd-A A 483,300 9,513, Hainan Airlines Holding Co Ltd-A A 1,102,500 2,543, Haitong Securities Co Ltd-A A 1,069,000 17,239, Hangzhou Hikvision Digital Technology Co Ltd-A 507,900 15,919, A Hangzhou Robam Appliances Co Ltd-A 65,490 2,018, A Han s Laser Technology Industry Group Co Ltd-A 119,200 4,740, A Hebei Yangyuan Zhihui Beverage Co Ltd-A 55,440 2,338, A Henan Shuanghui Investment & Development Co Ltd-A 132,400 3,769, A Hengli Petrochemical Co Ltd-A A 150,500 2,073, Hengtong Optic-Electric Co Ltd-A A 185,987 3,565, Hengyi Petrochemical Co Ltd-A A 158,500 2,431, Hesteel Co Ltd-A A 604,800 2,075, Hithink Royalflush Information Network Co Ltd-A 29,900 3,357, A HLA Corp Ltd-A A 258,057 2,657, Hoshine Silicon Industry Co Ltd-A A 13, ,

32 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Huadian Power International Corp Ltd-A 447,300 1,916, A Huadong Medicine Co Ltd-A A 119,040 3,516, Hualan Biological Engineering Inc-A 114,150 3,876, A Huaneng Lancang River Hydropower Inc-A 248,751 1,159, A Huaneng Power International Inc-A 619,600 4,485, A Huatai Securities Co Ltd-A A 448,586 11,374, Huaxia Bank Co Ltd-A A 813,200 7,116, Huayu Automotive Systems Co Ltd-A 208,116 5,134, A Hubei Biocause Pharmaceutical Co Ltd-A 194,000 1,444, A Hubei Jumpcan Pharmaceutical Co Ltd-A 43,400 1,496, A Hundsun Technologies Inc-A A 86,439 6,796, Iflytek Co Ltd-A A 198,800 7,605, Industrial & Commercial Bank of China Ltd-A 2,849,254 19,105, A Industrial Bank Co Ltd-A A 1,921,000 40,018, Industrial Securities Co Ltd-A A 633,100 4,885, Inner Mongolia Junzheng Energy & Chemical Industry Group Co 434,900 1,645, Ltd-A A Inner Mongolia Yili Industrial Group Co Ltd-A 805,483 30,309, A Inner Mongolian Baotou Steel Union Co Ltd-A 2,535,000 4,897, A Jiangsu Hengrui Medicine Co Ltd-A 408,820 31,083, A Jiangsu Yanghe Brewery Joint-Stock Co Ltd-A A 79,600 10,920,

33 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Jiangsu Zhongnan Construction Group Co Ltd-A 262,653 2,594, A Jiangsu Zhongtian Technologies Co Ltd-A 331,863 3,526, A Jiangxi Copper Co Ltd-A A 146,189 2,600, Jinke Properties Group Co Ltd-A A 282,021 1,958, Jointown Pharmaceutical Group Co Ltd-A 77,100 1,084, A Kuang-Chi Technologies Co Ltd-A A 60, , Kweichow Moutai Co Ltd-A A 66,700 75,527, Lens Technology Co Ltd-A A 98, , Lepu Medical Technology Beijing Co Ltd-A 141,300 3,635, A Leyard Optoelectronic Co Ltd-A A 209,300 1,874, Lomon Billions Group Co Ltd-A A 85,950 1,473, Longi Green Energy Technology Co Ltd-A 335,000 8,821, A Luxshare Precision Industry Co Ltd-A 338,430 9,650, A Luzhou Laojiao Co Ltd-A A 99,800 9,178, Mango Excellent Media Co Ltd-A A 27,700 1,295, Meinian Onehealth Healthcare Co Ltd-A 256,087 3,617, A Metallurgical Corp of China Ltd-A A 997,068 3,456, Midea Group Co Ltd-A A 610,800 35,937, Muyuan Foodstuff Co Ltd-A A 110,200 7,326, Nari Technology Co Ltd-A A 239,414 5,134, New China Life Insurance Co Ltd-A 114,354 7,223, A New Hope Liuhe Co Ltd-A A 284,900 5,598, Ningbo Zhoushan Port Co Ltd-A A 126, , Offshore Oil Engineering Co Ltd-A A 335,100 2,155,

34 W.I.S.E.-CSI 300 CHINA TRACKER 300 ETFs INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 27TH JUNE 2019 # # % of net asset value Securities name Fair value (%) Listed equities (Stock Connect) (continued) China (continued) Ofilm Group Co Ltd-A A 263,215 2,396, Oppein Home Group Inc-A A 18,787 2,261, Orient Securities Co Ltd-A A 492,055 6,006, Pangang Group Vanadium Titanium and Resources Co Ltd-A 611,800 2,377, A Perfect World Co Ltd-A A 53,300 1,579, PetroChina Co Ltd-A A 1,112,600 8,826, Ping An Bank Co Ltd-A A 1,134,300 17,673, Ping An Insurance Group Co of China Ltd-A 1,437, ,847, A Poly Developments and Group Co Ltd-A 942,600 13,722, A Power Construction Corp of China Ltd-A 1,010,500 6,132, A Qingdao Port International Co Ltd-A 64, , A Red Star Macalline Group Corp Ltd-A 49, , A Risesun Real Estate Development Co Ltd-A 242,100 2,613, A Rongsheng Petro Chemical Co Ltd-A A 175,000 2,416, Seazen Co Ltd-A A 119,210 5,457, SAIC Motor Corp Ltd-A A 463,100 13,442, Sanan Optoelectronics Co Ltd-A A 354,600 4,654, Sany Heavy Industry Co Ltd-A A 789,585 11,611, SDIC Capital Co Ltd-A A 223,500 3,589, SDIC Power Co Ltd-A A 448,200 4,029, SF Holding Co Ltd-A A 81,700 3,181, Shaanxi Coal Industry Co Ltd-A A 531,908 5,591, Shandong Buchang Pharmaceuticals Co Ltd-A 59,740 1,762, A Shandong Gold Mining Co Ltd-A A 97,812 4,545, Shandong Nanshan Aluminum Co Ltd-A A 567,000 1,494,