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TKHKDMMF-ETF

Taikang Hong Kong HKD Money Market ETF – Unlisted Class A-HKD (non-tokenised)
Retail
TradFi
T+0
HKD
Daily
Risk: Very Low
Reference Annualized Yield
N/A
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TKUSDMMF-ETF

Taikang Hong Kong USD Money Market ETF – Unlisted Class A-USD (non-tokenised)
Retail
TradFi
T+0
USD
Daily
Risk: Very Low
Reference Annualized Yield
N/A
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grBENJI

Franklin OnChain U.S. Government Liquidity Fund - AB (Ddis) USD
PI Only
Tokenised
T+0
USD
Daily
Risk: Very Low
Reference Annualized Yield
3.55%
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TKUSD

Taikang Kaitai US Dollar Money Market Fund Class T Units
Retail
Tokenised
T+0
USD
SFC-authorised Fund
Daily
Risk: Very Low
Reference Annualized Yield
3.53%
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TKUSDMMF-ETF

Taikang Hong Kong USD Money Market ETF – Unlisted Class A-USD (non-tokenised)
Retail
TradFi
T+0
USD
Daily
Risk: Very Low
Net Asset Value
102.0913USD
Last updated: 2026-09-08
Reference Annualized Yield
N/A

Product Overview

Taikang Hong Kong USD Money Market ETF is a sub-fund of Taikang Hong Kong ETF Series, an umbrella unit trust established under Hong Kong law by a trust deed dated 7 January 2026 and authorised by the SFC as a collective investment scheme under section 104 of the SFO. It is an actively managed exchange traded fund falling within Chapters 8.2 and 8.10 of the Code on Unit Trusts and Mutual Funds. The Sub-Fund invests in short-term deposits and high quality money market instruments and seeks a return in USD in line with prevailing money market rates. EX.IO distributes the non-tokenised Unlisted Class A-USD units, which are dealt daily at the next-determined dealing-day-end NAV. Purchase of a unit is not the same as placing funds on deposit with a bank; the Sub-Fund does not have a constant NAV and does not guarantee repayment of principal.
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TKUSDMMF-ETF

Taikang Hong Kong USD Money Market ETF – Unlisted Class A-USD (non-tokenised)

Product Elements

Product Name
Taikang Hong Kong USD Money Market ETF – Unlisted Class A-USD (non-tokenised)
Ticker Symbol
TKUSDMMF-ETF
Product Structuring
The Sub-Fund is a sub-fund of Taikang Hong Kong ETF Series, a Hong Kong-domiciled umbrella unit trust constituted by a trust deed dated 7 January 2026 between Taikang Asset Management (Hong Kong) Company Limited as Manager and CMB Wing Lung (Trustee) Limited as Trustee, authorised by the SFC under section 104 of the SFO. The Sub-Fund is an actively managed ETF under Chapters 8.2 and 8.10 of the Code on Unit Trusts and Mutual Funds and issues both a listed class and unlisted classes; the unlisted classes comprise both a tokenised class and non-tokenised classes. This record covers the non-tokenised Unlisted Class A-USD. Units are issued in registered form and recorded in the register of Unitholders maintained by the Trustee as Registrar. EX.IO acts as an Authorised Distributor appointed by the Manager to receive subscription, redemption and switching requests on the Manager's behalf under a Distribution Agreement, relying on its SFC Type 1 (dealing in securities) licence. There is no tokenisation layer and no secondary market.
Complex Product
Non-complex
Risk Rating
Very Low
OTC Trading
No
Eligible Investor
Retail (Retail eligible in Hong Kong. The Sub-Fund is SFC-authorised for distribution to the public in Hong Kong, and Class A-USD is available to any investor subscribing through an SFC-licensed Authorised Distributor. There is no professional-investor-only restriction.)
Legal Classification
SFC-authorised collective investment scheme (Hong Kong-domiciled umbrella unit trust); unlisted, non-tokenised class of an actively managed money market fund under Chapters 8.2 and 8.10 of the Code on Unit Trusts and Mutual Funds
Issuing Entity
Taikang Hong Kong ETF Series (Hong Kong umbrella unit trust)
Regulator
Securities and Futures Commission of Hong Kong (SFC)
Underlying Asset
USD-denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, financial institutions and corporations (including government bonds, fixed and floating rate bonds, government bills, bankers' acceptances, commercial paper, certificates of deposit, short-term notes and commercial bills). Investment grade only (long-term BBB-/Baa3 or above; short-term F3/P-3/A-3 or above).
Launch Date
2026-01-29
ISIN or Equivalent
N/A
Derivative Exposure
Yes
Ratings
N/A
Derivative Exposure Details
The underlying assets are not themselves derivative products. The Sub-Fund may invest in financial derivative instruments for hedging purposes only and not for investment purposes. Any material currency risk arising from non-USD denominated investments will be appropriately hedged into USD. The Sub-Fund's net derivative exposure may be up to 50% of its Net Asset Value.
Investment Objective
The Sub-Fund's objective is to invest in short-term deposits and high quality money market instruments. The Sub-Fund seeks to achieve a return in USD in line with prevailing money market rates.
Investment Strategy
The Sub-Fund seeks to achieve its investment objective by investing primarily, being not less than 70% of its Net Asset Value, in USD denominated and settled short-term deposits and high quality money market instruments issued by governments, quasi-governments, international organisations, financial institutions and corporations. It is actively managed and does not seek to track any index or benchmark. In assessing whether a money market instrument is of high quality the Manager takes into account, at a minimum, the credit quality and the liquidity profile of the instrument, and conducts its own quantitative and qualitative assessment of the issuer's credit fundamentals in addition to agency ratings. There is no specific geographical allocation. The portfolio is maintained with a weighted average maturity not exceeding 60 days and a weighted average life not exceeding 120 days, and no instrument with a remaining maturity of more than 397 days, or two years in the case of Government and other public securities, will be purchased.
Investment Restriction
Investment grade only: long-term fixed income securities rated BBB-/Baa3 or above and short-term instruments rated F3/P-3/A-3 or above; the Sub-Fund will not invest in unrated or low-investment grade money market instruments. Less than 30% of Net Asset Value may be held in short-term deposits issued in Mainland China. The aggregate holding of instruments and deposits issued by a single entity will not exceed 10% of Net Asset Value, save that this may be increased to 25% where the entity is a substantial financial institution, or up to 30% in the same issue of Government and other public securities. Up to 10% of Net Asset Value may be invested in money market funds authorised by the SFC or comparably regulated. The Sub-Fund will not invest in convertible bonds or in instruments with loss-absorption features, will not enter into securities lending or reverse repurchase transactions, and will not make short sales. Sale and repurchase transactions are permitted only on a temporary basis mainly to meet redemption requests and, when aggregated with borrowing, are capped at 10% of Net Asset Value. Borrowing is limited to 10% of Net Asset Value on a temporary basis. Financial derivative instruments may be used for hedging purposes only, with net derivative exposure of up to 50% of Net Asset Value.
Underlying Fund Investment Manager
Taikang Asset Management (Hong Kong) Company Limited
Sub-Investment Manager
N/A
Fund Administrator
CMB Wing Lung (Trustee) Limited
Underlying Asset Custodian
CMB Wing Lung Bank Limited
Underlying Asset Auditor
Deloitte Touche Tohmatsu
Smart Contract Address
N/A
Token Standard / Network
N/A
Smart Contract Audit
N/A
Token Custodian
N/A
Technology Provider
N/A
Token Administrator
N/A
Off-Chain Registrar
N/A
Financial Year End
2026-12-31
Official Website
https://hk.taikangasset.cn

Dealing Rules

Base Currency
USD
Settlement Currency
USD
Subscription Day
Daily on business days. The dealing deadline is 11:00 a.m. (Hong Kong time) on the relevant Dealing Day; EX.IO may set an earlier internal cut-off and will communicate it clearly to clients. The investor submits the subscription order to EX.IO before the cut-off and EX.IO forwards the order to the Manager / Trustee. Subscription monies in USD must be received in cleared funds before the Cleared Funds Deadline. Units are issued at the next-determined Class A-USD NAV after the dealing deadline; orders received after the deadline are dealt with on the next Dealing Day.
Redemption Day
Daily on business days. The dealing deadline is 11:00 a.m. (Hong Kong time) on the relevant Dealing Day. The investor submits the redemption order to EX.IO before the cut-off and EX.IO forwards the request to the Manager / Trustee. Units are redeemed at the next-determined Class A-USD NAV; orders received after the deadline are dealt with on the next Dealing Day. Proceeds are paid in USD by direct or telegraphic transfer. Redemption is available only through Authorised Distributors of the Manager.
Settlement Period
Subscription: T+0. Redemption: proceeds are normally paid in USD within 10 Business Days following the Dealing Day, and in practice often within T+1 to T+2, and in any event within one calendar month of the later of the Dealing Day and receipt of a properly documented redemption request.
Minimum Initial Subscription
USD 100
Minimum Subsequent Subscription
USD 100
Minimum Holding
USD 100
Minimum Redemption
USD 100
Lock-up Period
N/A
Redemption Restriction
Redemption is available only through Authorised Distributors of the Manager. Where redemption requests received on a Dealing Day represent in aggregate more than 10% of the Net Asset Value or of the total number of units then in issue, the Manager may, in consultation with the Trustee, reduce the requests rateably and pro rata among all redeeming Unitholders and carry the balance forward to the next Dealing Day in priority to later requests. The Manager may also suspend dealing or defer payment in the circumstances set out in the Prospectus. The Sub-Fund may be terminated early if its size falls below HKD10,000,000.
Valuation Frequency
Daily
Valuation Point
Approximately 11:00 a.m. (Hong Kong time) on the applicable Dealing Day
Distribution Policy
No distribution will be paid.
Performance Fee
N/A
Management Fee
0.4%
Subscription Fee
0.00%
Minting Fee
N/A
Redemption Fee
0.00%
Token Deposit / Withdrawal
Not Applicable
Collateral / Guarantee
N/A

Documents