| Fund Characteristics |
Name of Fund |
Fubon SSE180 ETF (FB SSE180) |
Fund Type |
Exchange Traded Fund (Physical ETF) |
Underlying Index |
SSE180 Index |
Stock Code |
006205 |
Website |
|
Listing |
Taiwan Stock Exchange |
Regulator |
Securities and Futures Commission |
Issuer/Manager |
Fubon Asset Management Company Ltd. |
Technical Advisor |
None |
Custodian |
Taishin International Bank |
Management Style |
Passive |
Investment objective |
Closely track the performance of SSE180 Index (before fees and expenses) |
Issue of Units |
Scripless, units held in the Depository and not available for withdrawal in physical form |
Depository |
Taiwan Depository & Clearing Corporation |
Maximum subscription size |
None |
Net Asset Value (NAV) |
Net asset value will be calculated based on the market value of the assets of the Fund after income and expenses accrual. It will be announced after 4 pm on each dealing day. |
Total Expense Ratio (TER) |
TER includes Management fee, Custodian fees, index license fees, etc. Such expenses will be accrued daily and subtracted from the NAV. TER is approximately 1.09%. |
Voting rights |
The Manager will act in the unitholders' interest and exercise voting rights for the shares held in the Fund. |
Annual report |
The Manager will prepare annual report within 2 months after the end of each accounting year. The annual report will be signed by the Manager and the Custodian and certified by the accountants. |
Distribution |
No distribution |
| 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 |
1,000 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 |
| Price relationship with the index |
N/A |
| Bid/ask spread |
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 limits |
| Information Disclosure |
• Estimated NAV per unit every 15 seconds
• Index level every 15 seconds
• Trading price of FB SSE180 and the 5 best bid/ask prices and volumes |
| Margin Trading |
• Available on listing
• Short selling under margin trading is exempted from the 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 |
Portfolio Composition File (PCF)
|
Details of index baskets for creation and redemption will be disclosed through the fund issuer'a website to all market participants |
| Order input time |
9:00 – 12:00 on each dealing day |
Tax
|
No tax is levied on creation or redemption |
Creation Unit / Redemption Unit
|
1,500,000 units |
| 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 consideration / Redemption consideration |
The Total Amount of Cash Creation= Cash Creation Amount+ Subscription Fee+ Cash Creation Transaction Fee
The Total Amount of Cash Redemption= Cash Redemption Amount- Redemption Fee-Cash Redemption Transaction Fee |
| Types of creation |
Cash creation |
| Types of redemption |
Cash redemption |
Creation and redemption fee
|
Varies by participating dealers but subject to the limit
• Creation fee cannot exceed 2% of the creation consideration
• Redemption fee cannot exceed 2% of the redemption consideration |
