20154 TM1 30-09-2015 C * 1934(Security Analysis) 22 2010 Graham and Dodd 2015 2015 Citywire 7/8 # 4 4 22 Graham and Dodd Benjamin Graham Graham David Dodd Graham? 1 1993 50018 2 2 1993 4 12,396%A 3 37 2 1 年 5 年 10 年 年均總回報 4 年度化波幅率 4 惠理價值基金 (A 單位 ) 3 +1% +14% +166% +1 2 恒生指數 5-6% +1 +9 + 2 * # Citywire 7/8 Citywire 44 177 1. 2015 Morningstar TM 2015 9 302. 2015 9 30 3. 2015 9 30 A 1993 4 1 2010+20% 2011-1 2012+14% 2013+11% 2014+14% 2015 - C 2009 10 15 2010+21% 2011-18% 2012+1 2013+11% 2014+1 2015-AC C +4 A C 4.
20154 A 6 1993 4 12015 9 30 3 % 3,000 2,400 1,800 +2,395.6% 1,200 600 +371.8% 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 A 2001 1 12015 9 30 3 911 SARS 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 ( 年初至今 ) 惠理價值基金 (A 單位 ) +46% +21% +84% +6% +16% +4 +41% -48% +8 +20% -1 +14% +11% +14% - 恒生指數 5-24% -16% +34% +1 + +3 +4-4 +5 +8% -1 +28% + +6% -9% 3 60 360 3,500 4 7 5. 2004 12 31 6. 7.
20154 C 8 單位類別 基金成立日期 認購費用 管理費用 表現費用 9 贖回費用 交易日 2009 10 15 * 2014 3 17 1.2 1 * 2015 10 28 10 12 A B -1.1% 10 11 12-1.1% -1.1% 14% 1% 16% 14% 1 1 11% 8% 4% 2 30% CFA CFA CFA 2015 3A 13 The Asset 2014/15 Asian Private Banker 13 Asian Private Banker 2014 DHL/SCMP 2014 DHL/SCMP 2014 AsiaHedge Awards AsiaHedge 2014 AsianInvestor 2014 14 HFM Awards 2015 2011 AsiaHedge Awards 10 16 AsiaHedge 2011 15 8. A BC 9. 10. 100% 2015 9 3011. 12. 13. 2014 14. 2015 4 30 12 15. A2011 10 2011 100 16. www.valuepartners.com.hk (852) 2143 0688
HHHH TM1 31-10-2015 2015 10 30 2 : A - 265.75 B - 120.30 C - 15.17 : 1,947.5 2 % 3,200 2,800 2,400 2,000 1,600 1,200 800 400 0 1993 1995 A 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 +2,557. +413. 4 ISIN A 265.75 HK0000264868 VLPARAI HK B 120.30 HK0000264876 VLPARBI HK C 15.17 HK0000264884 VLPARCI HK C 5 117.5690 HK0000264884 VLPARCI HK C 12.38 HK0000264892 VLCHAUD HK C 12.13 HK0000264900 VLCHCAD HK C 12.47 HK0000264918 VLCHNZD HK C 9.86 HK0000264942 VLCHCRH HK 2 A B C +6. +8.8% +6.4% +6. -0. -0.8% -0.9% -0.9% +6.0% -2. +5. +5. +35.6% +16.8% +33.6% +34. +16.9% +17. +14.0% +14.8% +2,557. +413. +1,103.0% +51. ^ +15.6% +7. +13.6% +7.1% ^ 22.1% 26.9% 22.9% 20. 20092015 2 A B C 2009 +82.9% +82.0% +7. 6 2010 +20. +19.6% +21. 2011-17. -17.6% -17.6% 2012 +14.0% +13.4% +13.4% 2013 +11. +10.6% +10.8% 2014 +13. +13.0% +13. 2015-0. -0.9% -0.9% A2009 1 12015 10 30 2 2009-3. -0. +8. +8. +20.1% +1. +11. +0.1% +2. +7. +5.9% +2. +82.9% 2010-5.8% +2. +7.1% +3.1% -6.1% +1.1% +5.0% +0. +10. +3.8% -0. -0. +20. 2011-1. -1.6% +5.4% +3. -1. -3. +2.8% -7. -19.8% +15. -7.8% +1.0% -17. 2012 +7.8% +6. -5. +1.6% -10. -2.1% -1. +1. +6.4% +2. +1.9% +5.9% +14.0% 2013 +7.9% -2. -2.9% +0.6% +1. -9.0% +2. +0. +2. +6. +4.8% +0.4% +11. 2014-5. +2. -4.0% -1.6% +2.0% +4.6% +6. +3.0% -1. +1.6% +1.9% +4.6% +13. 2015 +0. +2.4% +3. +17.1% -1. -3. -11.0% -11.6% +0. +6. -0. ^ (852) 2880 9263 (852) 2565 7975 vpl@vp.com.hk www.valuepartners.com.hk
2015 10 30 7 (%) 6.4 5.2 4.4 4.2 4.0 3.8 3.6 SIIC Environment 3.2 3.1 3.1 41%/ 8 7, 8 A B 9 10 9 10 16% 1 1 1 1 8% 2 3 2015 10 30 2016 11 10.9 2.1 3.0% A B C 10,000 5,000 0.7 1.2 1.2 12 1 CFA A 1993 4 1 B 1996 5 15 C 2009 10 15 C / / 2014 3 17 C 2015 10 28 A B C 2002 4 12 2009 10 15 A BC CFACFA 13 ~ HFM Awards 2015 GREATER CHINA EQUITY 2011 14 ~ OUTSTANDING ACHIEVER 2011 10 15 ~ AsiaHedge Awards 2011 1. Morningstar A2. 2015 10 30 3. 2004 12 314. 5. C C C 6. C7. 8. 100% 9. 0.9% 10. 11. S&P Capital IQ S&P Capital IQ12. 13. 2015 4 30 12 14. A2011 102011 100 15. VPCF_Master_201510