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Core Insights - The Hang Seng High Dividend Low Volatility ETF tracks the Hang Seng Stock Connect High Dividend Low Volatility Index, which consists of 50 stocks with good liquidity, continuous dividends, and moderate dividend payout ratios [3] - The index reflects the overall performance of Hong Kong Stock Connect listed companies with high dividend levels and low volatility, with over 65% of its composition from the financial, industrial, and energy sectors [3] Summary by Category Index Composition - The index is composed of 50 high dividend yield stocks with prominent value characteristics, reflecting the overall performance of stocks with high dividend levels [5] - The banking, coal, and transportation sectors collectively account for over 75% of the index [5] Performance Metrics - As of the latest trading session, the index experienced a change of 0.2% with a rolling price-to-earnings ratio of 7.8 times, indicating a valuation percentile of 89.8% and a dividend yield of 5.8% since its inception in 2017 [3] - The index also showed a change of 0.9% with a rolling price-to-earnings ratio of 8.1 times, reflecting a valuation percentile of 76.6% and a dividend yield of 4.0% since its inception in 2014 [5]