| Name of Fund |
Cathay TAIEX Daily Leveraged 2X ETF |
| Stock Code |
00663L |
| Fund Type |
Leveraged & Inverse ETFs |
| Listing Date |
2016.07.14 |
| Issuer/Manager |
Cathay Securities Investment Trust |
| Underlying Index |
TAIEX Daily Return Leverage 2X Index |
| Investment Objective |
closely track the performance of TAIEX Daily Return Leverage 2X Index (before fees and expenses) |
| Management Style |
Passive |
| Board lot |
1,000 units |
| 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 |
20% |
| Trading time |
Same as ordinary stocks |
| Margin Trade |
- 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
|
| Tax |
0.1% levied on the sale of the units |
| Brokerage Fee |
Same as for ordinary stocks – varies by broker but no higher than 0.1425% of the consideration |
| Investment Fees |
Total expense ratio is approximately 0.81%, including management fee, custodian fee, index licensing fee, transmission fees, etc. |
| Creation and redemption |
Cash creation/redemption |
| Creation and redemption order input time |
9:00 – 12:00 on each dealing day |
| Creation Unit / Redemption Unit |
500,000 units |
| 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
|
| Dividends Distribution |
No distribution |
| Issuer's Website |
https://www.cathaysite.com.tw/ETF?lang=en_US |