| Fund Characteristics |
| Name of Fund |
W.I.S.E.-SSE 50 China Tracker™ |
| Fund Type |
Exchange Traded Fund (ETF) |
| Underlying Index |
SSE50 |
| Stock Code |
008201 |
| Denomination |
NT Dollar |
| Website |
https://www.kgifund.com.tw/50_00.htm |
| Issuer/Manager |
BOCI-Prudential Asset Management Limit |
| Trustee |
BOCI-Prudential Trustee Limited |
| Investment objective |
The Fund is an index-tracking fund which seeks to provide investment performance (before taxes) that tracks the performance of the SSE 50. The SSE 50 is an index consisting of 50 constituent A Shares compiled and managed by the China Securities Index Co., Ltd. |
| Issue of Units |
Scripless, units held in the Depository and not available for withdrawal in physical form |
| Depository |
Taiwan Depository & Clearing Corporation |
| Net Asset Value (NAV) |
The latest net asset value will be released on “Market Observation Post System” |
| Current Management Fee |
(a) 0.89 per cent per annum for the first HK$780 million of the Net Asset Value of the Fund; and (b) 0.99 per cent per annum for the portion of the Net Asset Value of the Fund which is in excess of HK$780 million. |
| Current Trustee Fee |
The Manager shall pay the trustee fee chargeable by the Trustee out of the management fees received by it. |
| Total Expense |
1.39% (including current management fee and AXP maintenance fee) |
| Trading in the Secondary Market |
| Buy/sell |
Through any licensed securities broker |
| Account Opening |
Need to open a securities trading account with a brokerage house |
| Commission |
Same as for ordinary stocks – varies by broker but no higher than 0.1425% of the consideration |
| Board lot |
100 units |
| Trading time |
Trading hours of the Taiwan stock Exchange: 9:00 – 13:30 |
| Tax |
0.1% levied on the sale of the units, lower than 0.3% levied on the sale of stocks |
| Tick |
NTD 0.01 if the price of the unit is below NTD 50 NTD 0.05 if the price of the unit is above NTD 50 |
| Limit up and down |
No limitation |
| TWSE Information Disclosure |
•Estimated NAV per unit in HKD on issuer’s website
•Trading prices and the 5 best bid/ask prices and volumes
|
| Margin Trading |
•Available on listing
•Short selling under margin trading is exempted from the up-tick rule
(which requires short sales to take place at no lower than the previous day's closing price)
•Investors should check with his/her broker to see if there is any quota available before executing short-selling
|
| Creation and Redemption in the Primary Market |
| Creation and redemption |
Cash Creation/Redemption in Taiwan Market |
| Order input time |
9:00 – 11:00 on each dealing day |
| Creation Unit/Redemption Unit |
800,000 units. However, this ETF can be subscribed in cash jointly. The subscription threshold is NT$3 million and subscribers are only limited to professional investors |
| Placement of creation and redemption orders |
Must be through participating dealers |
| Issue Price/Redemption Price |
NAV per unit on the day of creation or redemption |
| Creation and redemption fee |
Varies by participating dealers but subject to the limit
•Creation fee cannot exceed 0.5% of the creation consideration
•Redemption fee cannot exceed 0.5% of the redemption consideration
|
| Note |
Taiwan participating dealers will follow the creation and redemption procedures of the ETF to handle cross-boarder cash/certificate remittance.
However, Taiwan participating dealers can acquire and dispose the ETF positions in Hong Kong secondary market due to liquidity needs. The creation and redemption procedures will not apply to the related cross-boarder cash/certificate remittance resulted from those transactions. |
