129773868987031250_4E-100 transactions open index fund annual report 2011 mobile phone free www.cnfol.com March 27, 2012, China Securities News view comments fund managers: e Fund management, Fund custodians: Bank of China limited-stockDivision out of date: March 27, 2012Agreed, and issued by the Chairman.
Fund custodian under this Fund: Bank of China limited contract, on March 20, 2012 financial index of the review in the present report, net worth, profit distribution, financial accounting reports, portfolio, content, ensure the review content is not present false, misleading statements or records a significant omission. FundManagers committed to the principle of good faith and diligent conscientious managing and investing the assets of the Fund, but does not guarantee that the funds profits. Fund performance in the past does not mean its future performance.
Investment risk, investors in before making an investment decision should read the prospectuses of the funds and their updates. The present annual report summary from the body of an annual report, investor for more details, You should read the body of the annual report. Financial information in this report has been audited.
PricewaterhouseCoopers Zhong Tian certified public accountants for the Fund issue a standard unqualified audit report, please read investors. The reporting period is from January 1, 2011 to December 31.E Shenzhen Stock Exchange main 100ETF Fund code 159,901 code 159,901 mode of operation of the Fund transactions-open (ETF) Fund contract effective date of March 24, 2006 e Fund management, Fund custodian of fund managers: Bank of China limited end Fund share of total30,772,833,170 Fund contract duration from time to time the amount of the fund shares listed on April 24, 2006 the date listed on the stock exchange, Shenzhen Stock Exchange Fund investment objectives closely tracking the target index of product description, pursuit track tracking error and deviation of the minimum investment policy of the Fund's main miningGet full replication method, is fully in accordance with the benchmark index's constituent stocks of construction fund equity portfolio composition and weight, and according to the subject-index shares and corresponding adjustments to changes in weight. But due to special circumstances make it impossible for a sufficient number of shares, fund managers will optimize the use of methods of optimal portfolio calculation a unit weight ratio, to build the Fund shouldInter-ministerial portfolios, index performance as close to the objectives pursued. Performance baseline prices of Shenzhen Stock Exchange 100 index of risk and return characteristics of the Fund is an equity fund, level of expected risk and return is higher than the hybrid funds, bond funds and money market funds. The funds are index funds, mainly track the performance of the benchmark index with full replication method, has the subject index, As well as the stock market benchmark index represents a similar risk and return characteristics. 2.3 custodian of the Fund Manager and fund the project name of the custodian of the Fund of fund managers e Fund management company name Zhang Nan Tang Zhou Hui, head of Bank of China limited information disclosure Tel 020-3879900810-66594855 e-mail CSC@eFunds.com.CN tgxxpl@Bank-of-China.com customer service phone 400-881 8,088 fax 020-38799488Income disclosures published annual report of the Fund Manager for the body of the Internet http://www.eFunds.com.CN funds annual report stock 189th sports West Road, Guangzhou City, 28/f,And financial indicators of monetary unit: RMB yuan 3.1.1 2011 2010 2009 data and indicators during the current period earnings -2,618,091,279.36 971,340,887.73 2,572,291,717.24 profit for the current period -6,485,43Weighted average share the profits of the Fund 5,602.30 859,645,028.01 3,611,629,227.25-0.2575 2.0858 the net value of the Fund share growth -30.54%-3.38%113.64%3.1.2 end of the periodAccording to late 2011 and index at the end of the end of 2009 the final could be allocated in fund shares profits 0.3568 phases net asset value of the Fund in the late No. 3.1747.10 18,941,495,188.67 12,147,474,956.48 period end net value of the Fund share 0.5675 0.817 notes: 1.
Performance indicators does not include holders of the Fund mentioned subscription fees or trading fund, after taking into account the costs real income levels to below the figures. 2. this period earnings fund interest income, other income, investment income for the current period (excluding fair value changesFixed income) after deduction of related costs balance, profit for the current period to the current period earnings plus the fair value gains for the current period.
3. the Fund has a Fund share conversion on April 14, 2006, conversion ratio is 0.94948342. 4. the Fund has funds split on November 19, 2010, 5 per cent split:1, that is, a Fund share is split into 5.
5. the Fund on April 22, 2011, the net value of the Fund share calculated digits three digits after the decimal point is changed to four digits after the decimal point, fifth digits after the decimal point are rounded. 3.2, 3.2.1 and net value of the Fund share growth rate and the net value of the Fund over the performance baseline comparison of yield stageNet share growth rate results for the standard deviation of the net growth rate �� �� share baseline performance baseline yields standard deviation yields �� �� ��-�� ��- -13.49%1.53%-13.66%1.53%0.17%0.00% �� in the past three months in the past six months -27.12%1.44%-27.52%1.44%0.40%0.00% 43.38%1.79%40.98%1.80%2.40%-0.01% -30.54%1.41%-30.99%1.41%0.45%0.00% over the past three years in the past year over the past five years49.64%2.23%43.34%2.24%6.30%-0.01% 177.62%2.15%176.59%2.16%1.03%-0.01%3.2.2 Fund since Fund from the commencement of the contract changes in the net value of the Fund share cumulative growth since the entry into force of the contract andIts performance baseline changes in yields over the same period of comparison fangda Shenzhen stock exchange index 100 transactions-open net value of the Fund share cumulative growth rate compared with the performance benchmark yields historical trend comparison chart (March 24, 2006 to December 31, 2011) Note: 1. the agreed terms of the contract on the investments of the Fund in the Fund: this Fund or allClose to all of the assets of the Fund are used to track the performance of the underlying index, under normal conditions, the percentage of index investing funds is not less than the net asset value of the Fund's 95%.
2. commencement of this Fund since Fund contract to the end of the net value of the Fund share growth rate of 177.62%, comparative benchmark results for the same period yield of 176.59%. 3.2.3 in the past five yearsAnnual net growth rate and its performance during the same period comparison of the baseline yield fangda 100 transactions-open index fund over the past five years the Fund per year net growth rate figure 3.3 distribution of profits of the Fund for the past three years the Fund allocation of profits the past three years.Manager 4.1.1 Fund managers and management experience of the Fund by the China Securities Regulatory Commission funds [2001]4 approval, e Fund Management Limited was established on April 17, 2001, registered capital of 120 million Yuan. As at December 31, 2011, for Guangdong finance company shareholders trust company, guangfa securities sharesInvestment Holdings Limited, ifirst Group Ltd, Guangdong Guangsheng asset management limited and Guangzhou City kwong wing of State-owned assets management co., Ltd.
Company's existing national social security fund investment management, corporate annuity investment manager, QDII business qualifications and specific asset management. Since its inception, e Fund management company receivesMarket, win the trust of the communityOperates 30 open Fund and 1 under closed-end funds, securities investment fund includes kerui, e da, e da strategy of steady growth mutual funds growth of securities investment funds, e reached 50 index securities investment fund, Yi fang da active growth of securities investment funds, money market funds, Yi fang da steady income-debt securities investment fund, Yi fang daDeep card 100 trading type open index fund, and easy party up value featured stock type securities investment fund, and easy party up policy growth second, mixed type securities investment fund, and easy party up value growth mixed type securities investment fund, and easy party up branch news stock type securities investment fund, and easy party up enhanced return bond type securities investment fund, and easy party up small disc stock type securities investment fund, and eKehui flexible configuration hybrid securities investment funds, e da Xiang stock securities investment funds, equity securities investments up to industry-leading Enterprise Fund, CSI 300 index securities investment fund, e-100 transactions open index securities investment funds join Fund, selection of e Asia stocks securities investment funds, to Shanghai China offers dealsOpen-ended index securities investment fund, with the Shanghai composite-China offers trade funds, open-ended index securities investment fund joins e consumer industry equity-type securities investment funds, e da Feng Tian Li bond securities investment fund, the age e-Healthcare stock securities investment fund securities investment fund, e da gold theme (LOF), e comfort return bondsSecurities Investment Fund, the resources sector equity securities investment fund, e-gem trade open-ended index securities investment fund, e-gem trading funds, open-ended index securities investment fund joins e-double bonds strengthen bonds investment funds. Meanwhile, the company also manages various national social security fund, corporate pension funds and specific customer assets tubeActing portfolio. 4.1.2 fund managers (group or Fund Manager) and Assistant Fund Manager profile name duty Director of the Fund of funds Manager (Assistant) duration period of the securities industry serving description date of departure date Lin Fei the Fund Manager of the Fund, up to 50 Index Fund of funds managers, e-100 transactions open indexFunds join Fund of funds Manager, Deputy General Manager of index and quantitative investment 2006-07-04-8-year doctoral student, former rongtong Fund Management Ltd, researcher and Assistant Fund Manager, fund management, Fund Manager Assistant, Assistant General Manager of the Department, easy to index and quantitative investment up to the CSI 300 index fund of funds Manager.PW this Fund of funds managers, e-100 transactions open index funds join Fund of funds managers, e-gem trade open-ended index securities investment fund of funds managers, e-gem trade joined the open-ended index securities investment fund 2010-09-three years doctoral Fund of funds managers,Staff of the former Wuhan Toshiteru international cruise company, Electrox (China) limited regional retail Manager of marketing, China Universal Fund management, quantitative analyst, e Fund management limited quantitative researcher, Assistant Manager of the Fund. Notes: 1.Separately identified for the announcement of the appointment date and termination date.
2. the means to comply with the securities industry association of the securities practitioners qualification management regulation. 4.2 management compliance on the operation of this Fund during the reporting period and trustworthy description of the reporting period, the Fund management to strictly comply with the securities investment fund law and other relevant laws and regulations and the Fund contract, Fund prospectuses and other relevant provisions of the legal documents of the Fund, to win the trust of the market, win the trust of the public social investment for the purpose, in line with the principles of good faith and diligent conscientious management and use of Fund assets, on the premise of risk control, for the best interests of the Fund share holders to seek. During the reporting period, the Fund legal compliance, without prejudice to the interests of the holders of shares of the FundFor the. 4.3 Administrator special instructions 4.3.1 to fair trading conditions during the reporting period the Fund Manager is mainly on the implementation of the fair trade system through the establishment of disciplines, the standardization of investment research and decision making processes, transaction process and enhancing the analytical assessment of oversight mechanisms to ensure fair treatment of different portfolios and guard against transmission of interest. This FundAct imposes strict investment rights management system, investment alternatives library management system and centralized trading system and emphasis on trade execution aspect of fair trade measures in order toIn the primary market to purchase over-the-counter transactions
tera power leveling, such as, improved the allocation mechanism according to fair trade principles.
Throughout this period, overall implementation of the fair trade system is good.
4.3.2 the style similar to other investment portfolios and portfolio performance comparison between free. 4.3.3 special description of unusual transactions Act during the period of this report, has not found the Fund mayInterests led to unfair trade and transportation of unusual transactions. 4.4 managers on the investment strategy and performance of the Fund during the reporting period 4.4.1 reporting by following the analysis of the Fund investment strategy and operations for the period 2011 domestic macro-economic steady development as a whole, GDP growth for the year to 9.2%, but the quarter, GDP growth to gradually fall outExplicit. Investment growth is relatively stable for the year, relative investment growth in the first half slipped in the second half. Total retail sales of consumer goods growth comparing stable, but growth in exports and imports overall decline significantly for the year, especially the four-quarter decline in exports and imports growth faster. 2011 overall inflation rate is relatively high, in order to control inflation, macroeconomic policies in annual baseThis maintained a relatively tight monetary policy.
Crunch under the effect of macro-control policies, overall economic growth in the three or four quarter appears obvious downside, CPI and PPI was also started after the three years the highest quarter point downward, especially four-quarter CPI and PPI seen rapid downward trend. After the inflation levels are a measure of control, tight macroView policies in the four quarter fine tuning and speed, main body in monetary policy appear the reserve ratio fell for the first time since the current round of macro-control, while a structural tax cut in fiscal policy. However, based on a cautious response to the inflation situation changes, Government macroscopic policy of fine-tuning and adjustment of intensity below market consensus forecasts, and market listingCompany performance expectations for the year as overall economic downturn and continue downward, the a-share market shocks occurred quotes in the first half, and appeared in the second half of the downward trend on unilateral. Shanghai composite index gains for the year to 21.68%, prices of Shenzhen Stock Exchange 100 index rose-30.99%, as a passive index funds, net units of Shenzhen Stock Exchange 100ETF to followPerformance baseline appears a more substantial decline. 4.4.2 fund performance as at the end of the reporting period, the net value of the Fund share is $ 0.5675, share net growth rate of-30.54% for the reporting period, compared with a baseline yields for performance-30.99% today, track deviation of the mean value is 0.0239% today, tracking errorDeviation of 0.0327%, 0.5072% years of tracking error, each target goals set out in the contract within the scope of control. 4.5 management on macro-economy, stock market and industry trends brief prospects looking forward to the next stage of the market, will remain stable overall macroeconomic development, macro-economic policy will focus on the short term by strictly controlling inflation gradually goChanges to stable economic growth and protect the people's livelihood, medium and long term priority is to keep the economy stable and rapid development of the subject, by improving the institutional mechanism to promote the transformation of economic structure. Recent volatility in the economy there are some large overseas factors, the European sovereign debt crisis, a large negative impact on global economic recovery, sustained recovery in overseas as a wholeBecome more vulnerable, but the trend remained unchanged, particularly United States economic situation continues to improve. In view of the needs inside and outside structure adjustment and optimization as well as flexibility and potential of endogenous growth in the domestic economy, on China's economy in the long term the Fund's relatively optimistic about the future of the judgment, overall reasonable valuations and market are relatively low. At the same time, szse 100 indexReasonable balance of industry
tera power leveling, stock index growth is higher, szse 100 index of medium-and long-term investment value is still evident. As a passive investment funds, index of Shenzhen Stock Exchange 100ETF will continue to adhere to the established investment strategies, to strictly control the relative target tracking deviations from the index to the investment objectives of the Fund, pursuit track deviation and tracking error minimization. Expect deep card 100ETF for investors to further share the future long-term development of China's economy provides an excellent investment opportunity. 4.6 Administrator Fund valuation procedure and other matters of note during the reporting period the Fund Manager in accordance with the relevant provisions of the accounting standard for business enterprises, the China Securities Regulatory Commission and the agreed terms of the contract on the valuation of the Fund, value of investments held by the Fund. The Fund custodianCalculated based on the net value of laws and regulations to perform valuations and review responsibilities. The Fund Manager has a valuation Committee, Chief Operating Officer of the company as President of the valuation Committee, Research Department, Ministry of investment risk management, supervision and accounting department designated staff members. Valuation Committee is responsible for organizing the development and timely revision of Fund valuation policies and procedures to guide and oversee the entire valuation process.Securities, Fund valuation Committee members have many years of experience, familiar with the relevant laws and regulations, industry research, valuation, legal compliance or risk management fund operation and other aspects of professional competence.
Fund managers can participate in discussion of the valuation principles and methods, but does not participate in the valuation principles and methods of implementation of the final decision and daily valuation. Throughout this period, participation in value streamWay without any significant conflict of interest between the parties.
The registration of fund managers and central government debt settlement company signed a service agreement, as agreed by him provides variety of transactions in the interbank market bond valuation data. 4.7 Manager description for the distribution of profits of the Fund during the reporting period was not implemented during the reporting period of the Fund distribution of profits.T;5 trustees report 5.1 the Fund custodian compliance during the reporting period and faithful statement of this reporting period, Bank of China Limited (hereinafterKeep the securities investment fund law and other relevant laws and regulations, the Fund contract and the relevant provisions of the Trusteeship agreements, there is no prejudice to the interests of the holders of shares of the Fund, to fulfil obligations was fully responsible. 5.2 Trustees of the investment operations of the Fund during the reporting period compliance credit, net worth calculation and allocation of profits during the period of the present report, the trusteeAccording to the securities investment fund law and other relevant laws and regulations, the Fund contract and the provisions of the Trusteeship agreements, on the operation of the Fund Manager's investment was necessary supervision, on the calculation of the net asset value of the Fund, the Fund's calculation of the share purchase, redemption price, as well as fund fees and expenses, and other aspects of a serious review did not find this damages Fund of fund managers share holder profitsYi. 5.3 in the annual report of the trustee on the authenticity, accuracy and integrity of financial information, and other content published in this report financial performance indicators, net worth, income distribution, financial accounting report (Note: in the financial accounting reportsCome to a true, accurate and complete data.Body view full text of the report.31st assets: banks deposit excess reserves 505,756.40 87,114,802.74 48,640,689.41 settlement 3,454,155.55 deposit paid traded financial assets 2,156,765.98 1,373,445.43 17,392,263,799.27 18,890,726,530.80: stock investing 17,392,263,799.27-18,890,726,530.80 fund investment-bond investments-investments-asset-backed securities derivative financial assets--bought and returned to selling financialAssets-interest-securities settlement accounts receivable -16,419,369.36 receivable 20,331.46 15,465.56 dividends receivable �C purchase receivable----other deferred tax assets total assets--assets 17,482,061,455.858,960,629,656.11 end of the liabilities and owners ' equity on December 31, 2010 in debt at the end of the year on December 31, 2011: traded financial liabilities-short-term borrowings �C sell buy financial assets-financial derivatives-liabilities---securities settlement accounts payable under paragraph 5,761,469.01-call payable--meet the managers compensation 7,630,386.96 1,526,077 8,275,183.90 meet hosting costs. 39 1,655,036.81 to deal with sales and service fees-deal with transaction costs 1,181,597.731,562,357.15 submit tax payments �C interest payable--meet profit �C deferred tax liabilities-other liabilities-3,573,292.66 7,641,889.58 Total liabilities 19,672,823.75 19,134,467.44 ownerInterests: paid-up funds unallocated profit 6,482,040,995.48 4,885,166,501.67 10,980,347,636.62 14,056,328,687.00 total owners ' equity 17,462,388,632.10 18,941,495,188.67 liabilities and owners ' equity totals 17,482,061,455.85 18,960,629,656.11 Note: the reporting deadline on December 31, 2011, $ 0.5675 net fund shares, Fund share total 30,772,833,170.00. 7.2 benefitsRun table accounting subject: e-100 transactions open index fund of the reporting period: January 1, 2011: RMB yuan project period is from January 1, 2011 to December 31, 2011 during annual than on January 1, 2010First, income -6,364,034,205.09 991,771,009.26 1. interest income 709,502.48 537,212.42: deposit interest income 709,502. -9,873.04 48 527,339.38 bond interest income assetsBacked securities �C buying interest income back to income-financial asset-sales-other interest income--2. investment income (losses to3,487.30 891,128,871.71 investment income of the Fund investment -7,917,867.25 asset-backed securities �C bonds investment income-income-dividend-income-derivatives 162,044,390.80 180,644,083.91 3.Changes in the fair value gains (losses toFill in the column), -480,288.13 23,238,833.69 reduction: second, costs 121,401,397.21 132,125,981.25 1. Manager compensation 92,854,778.60 103,840,073.16 2. Managed 18,570,95577.20,768,014.63 3. Sales services--4. Transaction costs 9,406,965.93 6,953,305.57 5. Interest expense-with: sell buy-spending--6 of financial assets. Other expenses 568,696.91 564,587.89Third, the total profit (losses to0 859,645,028.01 7.3 owner equity (funds) statement of changes in accounting subject: e-100 transactions open index fund of the reporting period: January 1, 2011: RMB yuan project period is from January 1, 2011 to December 20111st paid-up funds retained earnings total owners ' equity, beginning of period owner's equity (funds) 4,885,166,501.67 14,056,328,687.00 18,941,495,188.672, and changes in net funds from current operating activities (profit for the current period)--6, 485,435,602.30-6,485,435,602.30 three, the funds have a number of changes in the net value of the Fund share transactions in the period (NET reduces to9,045.73 which: 1. purchase 16,557,909,839.34 41,631,339,667.29 58,189,249,506.63 2. redemption of the Fund -14,961,035,345.53-38,221,885,115.37-53,182,920,460.90 four, this time to the net value of the Fund share holders, distribution of profits Fund changes (NET reduces to6.62 17,462,388,632.10 project during annual than on January 1, 2010 received funds undistributed profits total owners ' equity, opening shareholders ' equity (funds) 3,026,043,106.50 9,121,431,849.98.482, the number of funds from operating activities during the period net change (the profits) -859,645,028.01 859,645,028.13, the funds have a number of changes in the net value of the Fund share transactions in the period (NET reduces toFill in the column) 1,859,123,395.17 4,075,251,809.01 5,934,375,204.18: 1. purchase, 31,092,606,449.21 80,967,992,827.20 112,060,599,276.412. Fund for redemption of -29,233,483,054.04-76,892,741,018.19-106,126,224,072.23 four, this time to the net value of the Fund share holders, distribution of profits Fund changes (NET reduces to-Five, the final owner's equity (funds) 4,885,166,501.67 14,056,328,687.00 18,941,495,188.67 report part of the notes to the financial statements. 7.1 to 7.4 of the present report, financial report, signed by the heads of the following: Fund management company is responsible forPeople: Ye Junying, Chief Accountant in charge: Zhang Youzao
tera gold, head of accounting bodies: Chen 7.4 report notes 7.4.1 fund basic (1) the Fund contract, fangda 100 transactions-open Index Fund (hereinafter referred toThe China Securities Regulatory CommissionDrop index fund contract of the public subscription. According to letter [2006]49, the e-100 transactions open index fund record on a letter, the Fund contract to come into effect on March 24, 2006, the Fund 5,157,736,818 in the total share of the Fund as of the effective date of the contract fund shares. The funds for leaseAbout-open, acquired time indefinite, fund management human e Fund management limited, trustee of the Fund for Bank of China limited. (2) the conversion of shares of the Fund compared to the prices of Shenzhen Stock Exchange 100 index, according to the e-100 transactions open index fund contract and the e-100 transactions open indexRelevant provisions of the Fund prospectuses, fund management, Fund share conversion date of April 14, 2006 to the Fund. Prices of Shenzhen Stock Exchange 100 Index closed the day value is 1119.21, the net asset value of the Fund is 5,480,979,078.98 dollars, before the conversion fund shares amounted to 5,157,736,818, net value of the fund shares for $ 1.063 before conversion.
Fund share conversion formula, Fund share conversion ratio is 0.94948342, after the conversion of fund shares amounted to 4,897,166,634, after the conversion of net value of the fund shares as $ 1.119. E Fund Management Limited has upon the conversion ratio, on theFund share holders to subscribe to shares of the Fund was converted, and by China Securities Depository and Clearing Corporation to change of registration on April 17, 2006. (3) Fund share splits in order to meet the needs of investors, improving the liquidity of the Fund, optimize the structure of holders, following consultations with the Fund's custodian bank of China limited, eFunds management limited on November 19, 2010, the Fund implementation of the share split. China Securities Depository and Clearing Corporation by splitting ratio 5:1 on November 19, 2010 (registration of interests) registered in the share of funds of funds to implement the split, increasing the number of fund shares held by the Fund share holders, and in November 2010Day for change of registration.
After the split of the Fund, on November 19, 2010 fund shares amounted to 24,740,833,170, net value of the Fund share of 0.807; the Fund share holders every change of 1 Fund share is held by the original 5. 7.4.2 accounting basis for the preparation of the Fund's financial statements in accordance with the Ministry of finance toFebruary 15, 2006, of the accounting standard for business enterprises-basic standard and 38 specific accounting guidelines, issued guidelines for the application of accounting standard for business enterprises, the accounting standard for business enterprises, as well as other relevant provisions (hereinafter collectivelyFund accounting business guidelines, issued by the China Securities Regulatory Commission on February 8, 2010 SFC notice [the XBRL information disclosure of securities investment funds, 2010]5 template, 3rd, the e-100 transactions open index fund of funds of the Fund contract and the China Securities Regulatory Commission to allow industry practice to make. 7.4.3 follow enterprisesStatement of accounting standards and other relevant provisions of the 2011 annual financial report of the Fund meets the requirements of the accounting standard for business enterprises, real, fully reflects the Fund's financial position as at December 31, 2011, 2011 operating results and net value of the Fund for changes over time, and other relevant information. 7.4.4 the reporting period the adoption of accounting policies and accounting estimatesConsistent with the most recent annual report of the present reporting period the adoption of accounting policies and accounting estimates are consistent with the most recent annual report.
7.4.5 description of error correcting accounting error-free for the reporting period of the Fund. 7.4.6 taxes under the Ministry of finance and the State administration of taxation, fiscal [2002]128, the open securities investment fundsNotice on tax issues, fiscal [2004]78, the Securities Investment Fund taxation, fiscal policy notice [2005]102, notice of the individual income tax on dividends dividend policy, fiscal [2005]107, the supplementary notice on personal income tax on dividends dividend policy, fiscal [2005]103, the customsIn the share-trading reform on tax policy issues notice, fiscal [2008]1, the notice of a number of preferential policies on enterprise income tax and other relevant tax laws and practice, the main taxes are presented below: (1) in order to release funds to raise money beyond the scope operating tax levy, tax is not charged. (2) funds trading in stock,Revenue bond spreads-temporary exemption of business tax and corporation income tax. (3) corporate bond interest income to fund, from the enterprise to issue bonds to fund distribution of interest deductions pay 20% in the era of the personal income tax, not to impose the corporate income tax. Stock dividends, the dividend income to the Fund, by listed companies to dividends, dividends from the Fund temporarily reduced by 50% Taking into account personal taxable income amount, in accordance with the current tax withholding payment of personal income tax 20%, and not to impose the corporate income tax.
(4) funds selling 0.1% paid at a rate of stamp duty on stock transactions, buying shares does not levy stamp duty on stock transactions. (5) flow of funds as shareholders in the share-trading reform process received by the non-tradable shares in unitPrice of shares, to be paid in cash to the East on temporary non-chargeable with stamp duty, corporate income tax and personal income tax. 7.4.7 related party relationship between related party relationship between the Fund and the name e Fund management, Fund Manager of Bank of China Limited (hereinafterLimited (hereinafterGuangzhou State-owned assets operation company's shareholders fund management wing fangda Shenzhen stock exchange index 100 transactions-open securities investment funds join Fund joined the Fund, the Fund is the Fund Notes: April 9, 2011, the Fund Management Limited on notice of the shareholders of the company changed its name, fund managers and shareholders of Guangdong ifirst investment holding groupLimited company has changed its name toUnit of transaction amounts 7.4.8.1.1 stock trading unit: RMB yuan associated names of this period is January 1, 2011 to December 31, 2011, during annual than on January 1, 2010 turnover accounted for a proportion of total turnover of stocks transactions in the period when the period unitGF 1,168,849,823.53 17.82%904,342,019.19 16.83%7.4.8.1.2 percentage of the total tickets sold on warrant trading fund of the reporting period and comparable periods of the year by related party transactions did not occur for warrants trading. 7.4.8.1.3 shouldAmount payment of associated commissions unit: RMB yuan name associated during this period of January 1, 2011, when Commission percentage in commissions for the current period amount commissions payable balance final at the end of the total commission payable GF 949,696.11 17.82%181,333.62 associated names during annual than on January 1, 2010 until December 31, 2010 when the Commission account for commissions in the period end of the proportion of the total commission payable balances at the end of the total commission payable GF 734,783.48 16.83%33,870.42 2.17% Note: the above Commission Commission rate is calculated according to market, to deduction by China Securities Depository and Clearing Corporation charged by the Securities and Exchange Commission fees, handling fees and apply from their brokerage securities settlement risk funds during the period net of the amount indicated.
Bonds and warrants trading without commissions. Commission agreement by the class scope of services also includes a Commission charged for securities investment fund research intoFruit and market information services. 7.4.8.2 associated 7.4.8.2.1 compensation fund management fee units: RMB yuan project period is from January 1, 2011 to December 31, 2011 during annual than on January 1, 2010 until December 31, 2010 when the period of the Fund shall pay the management fee92,854,778.60 103,840,073.16: pay the sales agency customer care--Note: the Fund's net asset value of the Fund management fee on the day before the annual rates of 0.5%. Calculated as follows: the day before the Fund management fee to be paid on a daily basis = net asset value of Fund/Fund management fees are calculated on a daily basis the number of days in the year, daily Trojan to the end of each month, pay monthly; by the custodian of the Fund within two business days before the monthly one-time payments from the Fund assets to the Fund Manager. 7.4.8.2.2 funds managed unit: RMB yuan on projects of this period is January 1, 2011 to December 31, 2011Than occurred during the period of January 1, 2010 until December 31, 2010 when the Fund should pay for managed 18,570,955.77 20,768,014.63 Note: the funds net asset value of the Fund managed by the day before the annual rates of 0.1%. Calculated as follows: daily payment of funds managed= The day before the funds net assetsPeriod and the comparable period of the previous year is not associated with the interbank bond market (repurchase) transactions.
7.4.8.4 the associated 7.4.8.4.1 report on the investments of the Fund's use of the natural capital investment fund of fund managers in the reporting period and the comparable period of the previous year was not use of the natural capital investment fund of fund managers. 7.4.8.4.2 the end apart from related parties other than fund managers share units of investment funds: Association names the final on December 31, 2011 at the end of the year, December 31, 2010 holds a share of the funds held by the Fund share a percentage share of the Fund's total holdings of fund shares held by the baseFangda per cent share of the Fund's total gold share Shenzhen stock exchange index 100 transactions-open securities investment funds join Fund 12,496,168,391.00 40.61%13,322,229,330.00 57.44% GF 1,840,500.00 0.01%500.000.00%7.4.8.5 by related parties kept the bank balance and interest income for the current period unit: RMB yuan on the associated names of this period is January 1, 2011 to December 31, 2011 year than during the period of January 1, 2010 the final balance of interest income in the periodBalance of interest income in the period at the end the Bank of China 87,114,802.74 599,921.64 48,640,689.41 359,750.61 7.4.8.6 during the period of the Fund to underwrite the associated party to underwrite securities unit of amount: RMB yuan period days to January 1, 20111 year December 31 related-party name code name release funds in securities underwriting of securities during buy quantity (unit: unit/piece)------total amount during annual than on January 1, 2010 name name related party security code security release fundsUnderwriting period buy quantity (unit: unit/piece) GF Jie Rui 002353 the total amount of shares public offering 500 Acer public offering of 29,750.00 GF 002345 surge 500 16,500.00 7.4.8.7 other related trade shows no. 7.4.9 end of period (December 31, 2011) the circulation of restricted securities held by the Fund 7.4.9.1/on the issue made by the subscription of new securities, and at the end of circulation of restricted securities held by the Fund without from/on the issue made by the subscription of new securities, held at the end of restricted securities in circulation. 7.4.9.2 the end of temporary suspension of currency amount of restricted stock units, such as: peopleCurrency ticker stock suspended suspension causes the date the final valuation price number date of resumption resumption of open price (unit) notes the total final cost valuations at the end 000522 Baiyun mountain a major matter 12.16 2011-11-07 unknown unknown 4,984,353Major 14.8 9,118,217.94 60,609,732.48-000655 Jinling mining 2011-12-12 3,907,763 72,221,203.04 57,834,892.40-Major 7.26 000768 XI International 2011-12-28 17,923,673 173,236,432.35 130,125,865.98-7.4.9.3 final bond repurchase transactions as mortgage bonds in 7.4.9.3.1 interbank market bond repo as of end December 31, 2011, the Fund sold the formation of interbank market bond repurchase transactions repurchase securities balance as 0, unsecured bond. 7.4.9.3.2 Exchange market bond repo as of end December 31, 2011, the funds fromStock Exchange bond is sold to buy back securities for repo transactions form the balance is 0, unsecured bond. 7.4.10 helps to understand and analyze other things to note to the financial statements (1) fair value (a) not to the fair value measurement of financial instruments not at fair value measurement of financial assets and liabilities include accounts receivable, and other financial liabilities,The difference between carrying amount and fair value is very small. (B) fair value measurement of financial instruments (I) financial instruments the fair value measurement method based on measurement at fair value measurement of minimum level of the overall significance of the input value, fair value levels can be divided into: first level: the same as assets or liabilities in active markets (unadjusted) offer.Second level: directly (for example, taken from the price) or indirectly (such as based on price calculation) can be observed, in addition to the first level in the market pricing of assets or liabilities other than the input value.
Third level: observable market data variables to determine the basis of entered values of assets or liabilities (non-observation of input values). (Ii) financial instruments at all levels of publicAllowed value on December 31, 2011, to fair value measurement of financial instruments held by the funds belong to the first-level capacity to 17,143,693,308. $ 41, second-level capacity to 248,570,490. $ 86, not belonging to the third level of balances (December 31, 2010: first-level capacity to18,607,388,599. $ 30, the second level of balances of 283,337,931. $ 50, not belonging to the third level of balances). (Iii) major changes between which the fair value hierarchy for shares listed on the stock exchanges, if a major business transaction is not active, or belong to a non-public offering,This Fund in these matters affect the fair value of the stock during the period from the first level to adjust to the second level. (Iv) third-level fair value changes in the amount and the amount of this Fund at the beginning of the reporting period did not hold financial instruments at fair value attributable to the third level (beginning of 2010 year:), this fund the net transfer to/(out of) third level 0.0$ 0 (2010: none). (2) subject to fair value, as of the balance sheet Japan Fund needs to explain other important matters., 392,263,799.27 99.49: stock 17,392,263,799.27 99.49 2 �C fixed income investments: bond---3 derivative-asset-backed securities purchases returned to sell financial assets--investment--4: buyBuy-buy-back sale financial asset--5 banks and clearing excess reserves totaling 87,620,559.14 other assets 2,177,097.44 17,482,061,455 0.01 total 7 6.85 Note: table on stock investmentBack alternative valuation gains total 8.2 alternative valuation does not contain a return value. 8.2 stock portfolio by industry classification in the late period of monetary unit: RMB yuan code sector proportion of fair value of net assets of the Fund (%) a farming, forestry, animal husbandry and fisheries 87,851,021.76 0.50 b excavating1,214,455,322.95 6.95 c manufacturing food, beverage 2,496,147,118.35 10,518,450,756.57 60.23 14.29 textiles, clothing, fur--C3--C2 wood, furniture and paper, Printing--C4 in petroleum, chemical, plastic, plastic electronic 440,414,968.58 600,164,342.58 3.44 2.52 metals, non-metallic 2,288,117,588.35 3,586 13.10 machinery, equipment, instruments,048,851.38 20.54 other manufacturing--D pharmaceuticals, Biologicals 1,107,557,887.33 6.34 electricity, gas and water production and supply of construction 126,888,763.18 0.73 e 94,531,393.580.54 f--G the transportation and warehousing industry information technology industry wholesale and retail trade 712,111,921.00 4.08 530,175,966.87 3.04 h I j-real estate finance, insurance 1,444,277,090.27 8.27 1,677,738,637.84 social services 285,893,461.14 1.64 9.61 k l 219,445,063.54 1.26 m comprehensive 480,438,472 of communication and culture industry. 05 sum 17,392,257,870.75 8.3 percentage according to the fair value of net assets of the Fund at the end ten stock investment amount of detail before the size sorting unit: RMB yuan ordinal number stock stock code (share) the fair value of net assets of the Fund proportion (%) 1 134,693,711 1 a,006,162,021.17 5.76 2-food liquid 28,259,385 926,907,828.00 40,974,747 638,796,305.73 5.31 3 dark development a 3.66 4Suning appliance 67,199,920 567,167,324.80 3.25 5 gree electric appliances 32,722,170 565,766,319.30 3.24 6 zoomlion cent 494,333,063.272.83 7 ZTE 28,490,925 481,496,632.50 2.76 8 Luzhou laojiao cent 416,060,201.70 2.38 9 Dong-e e-Jiao 8,545,432367,026,304.40 2.1 10 Weichai Power 364,336,560.00 11,566,240 Note: the investors wishing to understand all shares details of the investments of the Fund at the end of this report, you should read the posted at www.eFunds.com.CN's annual reportCome to a body. 8.4 of the equities portfolio during the reporting period major changes in 8.4.1 cumulative purchase amount exceeds the opening net assets of the Fund before the 2% or 20 units of stock amount of detail: RMB yuan ordinal stock stock code name the cumulative purchase amount proportion of net assets of the Fund at the beginning (%) 1 at PZH steel containing vanadium and titanium361,174,483.33 1.91 2 yanghe shares 232,536,952.33 1.23 3 weifu high-tech 181,283,598.05 0.96 4 Salt Lake stake 149,517,976.719 5 zoomlion 142,824,758.32 0.75 6 128,005,741 Changjiang securities 134,003,206.44 0.71 7 soft control shares. 65 0.68 8 three-ring 111,544,451.21 0.59 9 zhongtian UDIC 110,078,340.94 0.58 10 pingzhuang energy 84,947,169.32 0.45 11 gold Mantis 83,458,647.02 0.4412 000562 Hong Yuan securities securities 74,640,223.48 80,586,868.09 0.43 13 Northeast Jilin aodong 0.39 14 to Qian Chao 73,887,933.07 0.39 15 71, 483,749.57 0.38 16 country Yuan securities 70,600,491.49 0.37 17 Wing Shing development 68,921,306.32 0.36 18 precision technology 66,534,008.87 0.35-19 000630 Tongling Nonferrous 64,429,922.28 0.34 20 days of stock 62,602,785.09: buying amount according to the sale and purchase transaction amount (contract unit price multiplied by the contract number) column-fill, does not take into account the related transaction costs. 8.4.2 Trojan and sold exceeded the amount2% net assets of the Fund or of the top 20 in early stock detail amount: RMB yuan ordinal stock stock code name of the cumulative amount sold early Fund net asset ratio (%) 1 CR 106 sanjiu 114,836,061.82 0.61 2 grain liquid,143,850.10 105,765,607.13 0.56 4 0.56 3 a deep development of Xishan coal and electricity 85,318,900.34 0.45 5 a 85,066,522.74 0.45 60488 chenming 83,121,418.15 0.44 7 gree electric appliances 75,766,361.32 0.40 8 kehua bio-75,524,660.44 0.40 9 suning appliance 75,010,289.19 0.40 10 stream estates 73,708,448.79 0.39 11 Weichai Power 70,461,081.40 0.37 12 new energy 70,180,485.92 0.37 13Modern investment 62,721,952.25 0.33 14 over development 61,360,026.76 0.32 15 great wall computer 59,995,322.66 0.32 16 siyuan electric 57,686,990.3453,156,994 0.30 17 Luzhou laojiao. 48 0.28 18 Sun paper 51,532,396.04 0.27 19 midea electric appliances 47,868,281.87 0.25 20 ChinaMedium-47,048,622.45 0.25 note: sell amount according to the sale and purchase transaction amount (contract unit price multiplied by the contract number) column-fill, does not take into account the related transaction costs. 8.4.3 total cost of buying and selling shares of total income: RMB yuan to buy shares cost (contract) total 3,711,044,559.43 selling revenue (deal) total 2,847,893,855.42 Note:Bond portfolio of the Fund without a bond at the end of the present report.
8.6 proportion according to the fair value of net assets of the Fund at the end ranking of the top five bond investment details the funds without a bond at the end of the present report. 8.7 periods according to the size of the fair value of net assets of the Fund at the end ranking of top ten details of asset-backed securities investment fund report finalWithout the asset-backed securities.
8.8 according to the size of the fair value of net assets of the Fund at the end ranking of the top five warrants investment detail the funds without a warrant at the end of the present report. 8.9 portfolio report notes 8.9.1 under wuliangye Yibin company limited announced on May 28, 2011, on receiving notice of China Securities Regulatory Commission,Wuliangye Yibin company limited due to issues such as information disclosure, by the China Securities Regulatory Commission for administrative penalties.
This Fund is a purely passive index fund, wuliangye maintained a standard scale. Apart from wuliangye, investment of the Fund's top issuers of securities does not appear during investigation by regulators, or within one year before the report was publicly denounced, punishedCase.
8.9.2 the top ten stocks within the Fund of funds investment contract alternative stock library. 8.9.3 other assets constitute a final unit: Yuan Yuan 1 deposit paid 2,156,765.98 ordinal name amount 2 the securities settlement accounts receivable-3 dividend receivable-4 should be the profitInterest-bearing 20,331.46 5-6 other accounts receivable purchase receivable-7 prepaid expenses-total 8-9 2,177,097.44 8.9.4 final held in convertible bonds into shares details of the Fund does not hold at the end of the present report is in convertible bonds into shares. 8.9.Restricted circulation in the top ten stocks at the end of this Fund in ten stocks before the end of this report are not limited in circulation.Funded by individual investors Bank of China-e-100 transactions open index securities investment funds join Fund share share share share share share share share total 85,453 360,114.13 24,553,511,249.00 79.79%6,219,321,921.00 20.21%12,496,168,391.00 40.61% Note: institutional investorsSecurities investment funds join Fund525,101.00 6.73%2 Tai Ping life insurance company Ltd China life insurance company limited 1,150,046,939.00 1,342,452,700.00 4.36%3 3.74%4 China life insurance (Group) company 1,091,664,521.00 3.55%5 people of China life insurance company limited-dividend-individual linglingyi bonus 794,607,764.00 2.58%6 the national social security fund portfolio 558,000,000.00 1.81%7 ping an property insurance company-traditional-general insurance products of 309, 999,917.00 1.01%8 China life insurance company limited-traditional-Harvard University 205,324,580.00 0.67%10 260,976,239.00 0.85%9 General insurance products Warburg securities limited liability company 186,080,000.00 Bank of China-e Shenzhen stock exchange index 100 transactions-open securities investment funds join Fund 12,496,168,391.00 40.61%9.3 fund managers in China at the end of this project holds a share of the total number of open-end Fund () total Fund share fund management companyOpen-end funds in China all hold the 0.00Reduce the total purchase, the share of gold 78,607,000,000: total redemption of shares of the Fund for the reporting period 71,026,000,000 Fund for the report period split movements share-share Fund for the end of the reporting period total 30,772,833,170Resolutions of the General Assembly has not held the Fund share holders meeting during the reporting period. 11.2 Special Fund of fund managers, Fund custodians managed departments of major personnel changes by the fourth session of the Board of fund managers in 2011, and the tenth session of the Conference to consider adoption, and report to the China Securities Regulatory Commission, by the China Securities Regulatory CommitteeSecurities license "2011" reply text approved, 1591th, October 9, 2011, Mr Liang Tang, Chairman-designate no longer functions; Ye Junying, Chairman-designate, and is no longer the General Manager duties; Ms Liu Xiaoyan as General Manager, and is no longer as Vice General Manager positions. October 11, 2011, the fund managers have specified disclosure of information published in the mediaE Fund management company senior management change notice.
On November 3, 2011, the Fund Manager to complete registration of change of the legal representative of the company, legal representative of the company formally changed to the current Chairman Ye Junying. During the period of this report, according to the Securities and Futures Commission the approval of Bank of China limited Aihua Li fund industry seniorPersonnel qualification approval, Aihua Li served as the trustee of the Fund--General Manager of Bank of China host and Investor Services Department. Due to mobilization, Mr Dong Jie no longer served as General Manager of Bank of China host and Investor Services Department, Liu Huijun no longer acted as Deputy General Manager of Bank of China host and Investor Services Department. These personnel changes have record keeping, as required by relevant announcements.11.3 involving property, fund managers, Fund of Fund custody business litigation during the period of this report without involving the property, fund managers, Fund of Fund custody business litigation matters.
11.4 of the Fund's investment strategy change in the investment policy of the Fund during the reporting period no major changes. 11.5 for the audit of the Fund's accounting firmThis Fund since Fund for 6 consecutive years since the entry into force of the contract hiring PWC zhongtian certified public accountants providing audit services, report annual audit fee is 170,000.00 Yuan. 11.6 managers, trustees and senior management staff in inspection or punishment during the reporting period the Fund Administrator and custodian managed business Department and senior management staffIs not subject to any inspection or punishment. 11.7 rental companies trading in securities of the Fund units on 11.7.1 funds hire stock investments in securities transactions and the amount of Commission payments: RMB yuan brokers name number of traded units should pay such brokerage commissions on stock transactions notes total turnover accounted for stock transactions in the periodAmount percentage commission percentage in commissions for the current period total GF-shenyin wanguo 1 3,863,419,294.69 58.90%3,139,049.32 2 1,168,849,823.53 17.82%949,696.11 17.82% 58.9%-Galaxy-guotai Junan securities 1 1,492,192,865.37 22.75%1,212,416.87 22.75% 2 34,476,431.26 0.53%28,012.18-Note: a) this Fund during the reporting period no new and reducedTransaction unit. B) the Fund Manager is responsible for selecting securities institutions, leasing its trading units as transactions of the Fund Unit. Fund trading unit of selection criteria are as follows: 1) operation and robust specifications, internal control system, have a good reputation in the industry, 2) have the funds required for efficient, secure communication, trading facilities to meet FundNeed for securities transactions; 3) has a strong all-round ability and level of financial services, including but not limited to: have a good study skills and analytical skills, able to provide the company with high quality timely, comprehensive analysis of macroeconomic, industry and market trends, stock report and the wealth of comprehensive information services; according to the specific requirements of the Fund managed by the company, providedSpecial research report, has the ability to develop quantitative portfolio model able to actively carry out investment business for the company and investment information exchange as well as other aspects of the business of providing good service and support. C) Fund trading unit of selection procedures are as follows: 1) this study on the Fund management according to the standard unit selection when trading securities institutions.2) Fund managers and selected securities institutions signed a trading unit rental agreements. 11.7.2 rental companies trading in securities of the Fund units for other securities investment amount: RMB yuan bond repurchase trading warrants trading brokers name bond transactions turnover accounted for bond transactions in the period of the total turnover in current debtCoupons buy-back contract of the total transaction amount warrant transactions in the period of the total GF------shenyin wanguo securities guotai Junan------------------Galaxy e Fund Management Limited on March 27, 2012
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