buy ghd hair ICBC Credit Suisse Enhanced Yield Sec -

06nike7394ud

train collector html simple template model

ICBC Credit Suisse Enhanced Yield Securities Investment Fund Annual Report 2009 Financial Summary _

Fund Code: 485 105 Fund referred to: ICBC Enhanced Yield Bond A ICBC Credit Suisse Enhanced Yield Securities Investment Fund 2009 Annual Report Summary December 31, 2009 Fund Manager: ICBC Credit Suisse Asset Management Limited Fund Custodian: China Construction Bank Corporation the company sent out date: 二○一 ○ 年三月二十九日 § 1 Important Board of fund managers, the directors ensure that the information contained in this report there is no false, misleading statements or material omissions, and the truth of its contents , accuracy and completeness of the joint and several liability. This annual report has been signed by over two thirds of independent directors agreed to by the chairman of the issue. Fund Custodian China Construction Bank Corporation under the contract of the Fund, in March 25, 2010 review of the financial indicators in this report, net performance, profit distribution, financial accounting reports, portfolio reports, etc. to ensure the review content there is no false, misleading statements or material omissions. Fund managers are committed to honesty, diligence and application of principles of management of fund assets, but does not guarantee the profitability of fund. The Fund's past performance is not indicative of future performance. Investment risk, before making investment decisions investors should read the prospectus of the Fund and its updates. From this year's annual report on the body of the report summary, investors to understand more details, read the annual report of the body should be. The reporting period from January 1, 2009 until December 31 only. § 2 Introduction 2.1 Fund Fund Fund referred to ICBC Basic Enhanced Yield Bond Fund Fund for operation of the main code 485105 Contract open-end funds Contract Date May 11, 2007 Fund Management Credit Suisse Asset Management Co., Ltd. artificial silver fund trustees China Construction Bank Co., Ltd. Total fund shares 4,168,012,754.03 reporting period were the duration of the fund contract funds of funds from time to time under the classification referred to Enhanced Yield Bond A ICBC ICBC Enhanced Yield Bond Fund B classification under the ticker 485 105 485 005 under the classification of the reporting period the Fund's share of the total amount of 2,174,[link widoczny dla zalogowanych],832,967.69 1,993,179,786.34 were 2.2 copies of investment fund products that target risk and remain in control on the basis of liquidity, and strive to lower the volatility of the Fund's assets performance benchmark, the pursuit of long-term stable value of assets, access to more than fund performance benchmark for investment performance. Investment strategy and policy in determining the term structure of interest rates, generic allocation strategy, through investment in fixed income products to get a stable income. The appropriate involvement of both subscription and issuance of new shares subscription of new shares issued and other low-risk investment products, increase revenue for the fund holders to achieve long-term stable asset value. Baseline performance of the Fund's performance benchmark for the Chinese Xinhua Aggregate Bond Index Barclays Capital. Risk-return characteristics of the Fund for the bond funds, and its risks and expected long-term average rate of return lower than the hybrid funds, higher than money market funds. 2.3 fund managers and fund trustees project the name of the fund manager and fund custodian ICBC Credit Suisse Asset Management Co., Ltd. China Construction Bank Corporation Person in charge of information disclosure Yoon Dong Zhu Biyan Tel 010-58698918 010-67595003 E-mail [link widoczny dla zalogowanych] . cn [link widoczny dla zalogowanych] Customer Service Phone 010-58698918 010-67595096 Fax 010-66583158 010-662758532.4 disclosure of information posted on the body of the annual report of the administrator of the Fund Internet site [link widoczny dla zalogowanych] Fund's annual report available locations Fund manager and fund custodian of office space § 3 the main financial indicators, fund performance and net profit distribution of 3.1 Major accounting data and financial indicators Unit: RMB Yuan 3.1.1 data and indicators during the period 2009 2008 2007 May 11 to December 31, 2007 A Class B Class A Class B Class A Class B Class period realized gains 305,848,316.99 195,201,864.62 369,007,852.82180,408,995.78161,893,208.6494,864 , 607.85 91,232,741.60 34,585,394.73 376,054,466.50181,235,705.68459,813,460.48291,146,046.53 Profit for the period the weighted average of fund shares Profit for the period 0.0301 0.0185 0.09430.08830.14130.1264 current fund shares Net growth rate 9.85% 3.95% 9.39% 3.52% 13.07% 12.77% 3.1.2 the end of 2009 data and indicators for the end of the end of 2008 the end of 2007 Class A Class B Class A Class B Class A Class B share of final profits available for distribution of funds 0.0285 0.0151 0.03180 .02400.02350.0206 end fund net asset value at end fund shares 2,357,886,790.02 2,134,119,818.59 4,658,455,672.074,326,420,448.595,140,433,110.472,836,999,513.70 1.13601.12771.11051.1075 net 1.0842 1.0707 Note: 1. above do not include performance indicators fund holders of the subscription or transaction fee fund, included in fee income levels lower than the actual numbers listed; 2. This issue has been achieved Current income means the fund interest income, investment income, other income (excluding changes in fair value gains) net of related expenses for the current period profit realized gains for the current period changes in fair value plus current income; 3. The Fund Fund effective date of the contract May 11, 2007. 3.2.1 Performance 3.2 NAV growth fund shares and their performance compared with the benchmark rate of return over the same period of comparison 1. ICBC Yield Bond A phase of enhanced growth in share of net share of net growth rate of the standard deviation ① ② ③ performance benchmark rate of return performance of the standard deviation of the baseline rate of return ④ ① - ③ ② - ④ the past three months 0.40% 4.11% 0.29% 0.26% 0.03% 3.71% 0.30% over the past six months 0.36% 3.40% 3.04% 0.26% 0.04% 3.95 over the past year % 0.25% 1.90% 0.05% 2.05% 0.20% since the effective date of the contract from the Fund 29.12% 10.52% 0.27% 0.20% 0.07% 18.60% 2. ICBC Enhanced Yield Bond B phase of the net value per share growth rate of the standard deviation of ① ② ③ performance benchmark rate of return performance benchmark rate of return standard deviation ④ ① - ③ ② - ④ the past three months 0.40% 0.29% 4.01% 3.61% 0.26% 0.03% 3.19% over the past six months 0.04% 0.30% 2.83% 0.36% 3.52% 0.26% 0.25% over the past year 0.05% 1.62% 1.90% 0.20% since the effective date of the contract from the Fund 0.27% 10.52% 27.70% 17.18% 0.07% 0.20% Note: The effective date of the contract fund Fund May 11, 2007 . 3.2.2 The contract takes effect from the fund total net growth rate since the change in fund shares and their performance compared with the benchmark rate of return over the same period comparison of changes Note: 1. The Fund contract was May 11, 2007 entered into force as of the reporting period the Fund contract comes into effect full year. 2. By fund contract, the Fund since the Fund within three months from the commencement of the contract Jiancang period, as the report of the fund investment ratio in Japan has reached Fund Contract Article XII (c) the scope of investment, (h) Investment restrictions provisions of the ratio. The Fund invests in securities class of assets (including convertible bonds), the ratio of not less than 80% of fund assets invested in stocks and other equity securities of the Fund, no more than 20% of assets, cash, or less than one year maturity government bonds is not less than 5% of net assets of the Fund to invest in convertible bonds, no more than 30% of net assets of the Fund, the Fund only for the first time the stock assets and issuing new shares issued investment, do not buy directly from the secondary market into the stock. 3.2.3 Since its entry into force of the contract net growth rate per year since the fund and its performance compared with the benchmark rate of return over the same period comparison of Note: 1, the effective date of the Fund as the fund contract May 11, 2007. 2 year contract takes effect calculated according to the actual duration, do not follow the calendar year for conversion. 3.3 the past three years the fund distribution ICBC profit Enhanced Yield Bond A Unit: RMB Yuan annual dividend per share of 10 the number of funds the total amount paid in cash, the total amount paid to reinvest the profit distribution form of the total Notes 0.950 47,234,747.12 145 2009 , 214,792.30 192,449,[link widoczny dla zalogowanych],539.42 -2008 0.200 34,430,497.3450,155,777.4084,586,274.74 on 0.80066,991,315.65211,850,519.14278,841,834.79-2007 years - Total 1.950 148,656,560.11 407,221,088.84 555,877,648.95 - ICBC Enhanced Yield Bond B Unit: RMB 10 for each year the number of fund shares dividend reinvest the total amount paid in cash, the total amount paid in the form of profit distribution 0.950 68,884 Total Notes 2009, 475.51 53,281,791.75 122,166,267.26 -2008 0.20028,419,473.5524,413,347.3152,832,820.86 years in 0.80070,028,010.2473,204,719.58143,232,729.82-2007 - Total 1.950 167,331, 959.30 150,899,858.64 318,231,817.94 - Note: The effective date of the contract fund Fund May 11, 2007. § 4 managers report and the Fund Manager 4.1 Fund Manager 4.1.1 Fund managers and their management situation the experience of the fund management fund of ICBC Credit Suisse Asset Management people, established in June 21, 2005, is the first by the bank initiated the establishment of a direct and controlled joint venture fund management company with a registered capital of 200 million yuan, registered in Beijing. The company currently has joint fund raising and management qualifications, overseas securities investment management operations, corporate pension fund investment manager qualifications, specific customer asset management operations. As of December 31, 2009, the company's management of 11 open-end fund - ICBC Credit Suisse Core Value Equity Fund, ICBC Credit Suisse Money Market Fund, ICBC Credit Suisse Selected Balanced Mixed Fund, ICBC Credit Suisse steady growth stock funds, ICBC Credit Suisse Enhanced Yield Bond Fund, ICBC Credit Suisse Dividend Equity Fund, ICBC Credit Suisse China Opportunities global allocation of equity funds, ICBC Rui Xinxin with Rollover Bond Fund, ICBC Credit Suisse blue chip ticket fund, ICBC Credit Suisse in Shanghai and Shenzhen 300 Index Fund, the Shanghai central business 50 exchange-traded index securities investment funds, securities investment funds under management reached 62.7 billion yuan. Meanwhile, the company also manages more than account combination and annuity portfolio. Asset Management nearly 900 billion the total size. 4.1.2 fund manager (or fund manager group) and the Profile Name Title Assistant Manager of the fund managers either (assistant) term securities business life Stating the date of the date of departure Du Haitao, director of fixed income, the fund managers, workers Silver Monetary Fund, a fund manager 2007-5-11 --- 12 China nationality, graduated from Fudan University, a master's degree in Business Administration. July 1997 to October 2002, working in the Great Wall Securities Co., Ltd., as the bonds and financial engineering researchers. October 2002 to June 2003, working in the Bauhinia Fund Management Co., Ltd., as a fund manager assistant. June 2003 to May 2006, working in China Merchants Fund Management Company Limited. June 2003 to May 2005, Fellow of Bonds; May 13, 2005 to May 26, 2006, as the China Merchants Cash Plus Fund fund managers. September 21, 2006 date, as ICBC Credit Suisse Money Market Fund Fund Manager. May 11, 2007 date, as ICBC Credit Suisse Enhanced Yield Bond Fund fund managers. June 2008 to November 2009, served as vice director of fixed income. November 2009 has served as director of fixed income. Note: 1 serving date Description: Du Haitao representation of the contract commencement date is the date of the Fund. The date of cessation Description: None. 2, Standard Securities Calculation of working years: the meaning of securities business to comply with industry associations, \3, no fund manager assistant of the Fund. 4.2 The manager of the operation of the Fund during the reporting period the situation of compliance and trustworthy description of the reporting period, the fund managers strictly follow the \, in accordance with good faith, diligence and application of principles of management of fund assets, on the basis of risk control for fund shareholders best interests, without prejudice the interests of the fund holders. 4.3 管理人 fair transactions during the reporting period of special note 4.3.1 the implementation of a fair trading system for fair treatment of all kinds of investors, protection of the interests of all types of investment, to avoid improper related party transactions, transfer of benefits and other illegal activities the company under the \\and other illegal conduct monitoring. Of the reporting period, according to time priority, the principle of price priority, the company met the same price conditions and needs of the securities have the same fund trading portfolios, are used in the system module to operate a fair trade to achieve a fair deal ; does not appear the case of liquidation is not in place, and the Fund and the fund management of the Fund and other investment portfolio managers did not occur between the laws and regulations prohibit reverse transactions and cross transactions. 4.3.2 The style of portfolio and other investment portfolios similar to the performance comparison between the free, because of the reporting period the Company's investment style is not similar to the Fund's investment portfolio. 4.3.3 irregularities special note of the Fund during the reporting period no abnormal transactions. 4.4 The manager of the reporting period the Fund's investment strategy and performance during the reporting period 4.4.1 Description of the investment strategy and operations analysis in 2009 China's macroeconomic and fiscal policy in a positive stimulation of loose monetary policy quickly out of the \started to recover. The four quarters of 2009, GDP growth was 6.2%, 7.9%, 9.1% and 10.7% level. Annual GDP growth rate reached 8.7% year on year, of which investment in fixed assets grew 30.1%; total retail sales of social consumer goods grew 15.5%; import and export cumulative increase of -11.21% and -16.01 respectively,%, trade surplus of 196 billion U.S. dollars. 2009, cumulative additional 9.6 trillion yuan of credit, credit growth was 31.74%, M2 growth rate was 27.68%. Overall, China's macroeconomic steady recovery in 2009, and in the loose monetary policy under the guidance of money and credit growth. Is a market for various types of performance, the stock market over the expected economic growth continues and the market capitalization of the case extremely well-off, out of a strong bull market, the CSI 300 closed at 3575.68 points, up 96.7% year total, and in early August to a high of 3787 round of price points; can be said that before the August-than-expected economic growth, monetary policy is extremely loose fiscal policy, the stock market continued to side up, in August after the case of fine-tuning of monetary policy there was a substantial stock market shock. In the stock price rose, led by index-day phase of convertible bonds has risen 30% throughout the year, of which 6,7 month in anticipation of rising stock markets and a strong imbalance between supply and demand of all the bonds have soared, and the stock market after the simultaneous deep rate adjustment. Bonds, financial bonds, and investors in the economy continues to recover quickly adjust the asset allocation under the emergence of a more substantial decline, particularly deeper decline in long-term bonds, and the decline was mainly done in a quarter. Credit debt in 2009, two waves of the larger market there, the first economic recovery led to a substantial investor compensation claim credit credit debt down so there was a substantial rise, prices continue to the end of May; after suppressing the supply and government bonds, financial bonds interest rates rising debt under the credit market correction, the end of September, early October is now configured Values of credit debt, the market up again. For new shares, the July 2009 IPO has been restored, \2009 is still more objective. 4.4.2 the Fund's performance during the reporting period in 2009 ICBC Enhanced Yield Bond A total of net growth rate of 3.95% Enhanced Yield Bond B ICBC net cumulative growth rate of 3.52%. Enhanced performance benchmarks during the ICBC ICBC Yield Bond A and B are enhanced yield bonds was 1.90%. Although ICBC Enhanced Yield Bond A, B are beyond the performance base of comparison, but from the year 2009, ICBC increased yield bond investment strategy perspective, performance is still room for improvement. First, enhanced yield bonds ICBC subscription of new shares through active participation, prudent investment strategies involved to obtain additional equity and good benefits; Second, credit debt investment, enhance yield bonds ICBC better grasp of the month the credit 9,10 debt market, and missed the beginning to the end of May 2009, the credit market debt; Again, the bonds yield bonds aspects of ICBC profit increased less; Finally, early reduction in interest rate products for a long period of not decisive, quick, to the bring some combination of the negative contribution to performance. Overall, ICBC increased yield bonds and convertible bonds in the policy interest rate policy, there is still further room for improvement; summary of the operating gains and losses over the past allows us to develop in the next investment strategy and asset allocation process as little as possible mistakes or to minimize the loss of mistakes, so the holder can bring better returns. 4.5 Manager of the macro economy, stock market and industry trends brief outlook Outlook 2010, sustained economic recovery and policy-led forces will withdraw from the double in 2010 to run the capital market trends. On the stock market point of view, sustained economic recovery, profit growth of listed companies, stock prices rose in power under the valuation-driven; however, exit policy, especially monetary policy, the number of exit market liquidity will gradually shrink, the resulting market valuation downward pressure on the central value; valuation and liquidity of the dual power determines the stock market in 2010 will show a range of shocks around the central market valuation. Out economic recovery and policy game between the economic growth good policy out forceful, weak economic growth to moderate withdrawal policy, which determines the direction of the stock market it is difficult to go too far toward a. Interval oscillation stock market will break \Bonds can see, Bank of China a huge stock of convertible bond financing plan for the current valuation of convertible bonds exert tremendous pressure after the success of convertible bond financing that the Bank will be transferred to further reduce debt-equity swap premium levels, while convertible bonds of will also be significantly improved. Find low premium rates can be, and the variety of the underlying shares are still up space, or find debt is strong, defensive variety, the stage operation. To credit debt, economic recovery, credit risk and the significant decline in overall commercial bank credit contraction, the market demand is still greater; Despite the fourth quarter of 2009 since the credit market debt narrowed significantly after the credit spread, but for the credit Qualifications 3-5 years of good cultivars still has good investment value. However, sector-specific macro control, reduced ability to refinance, the gradual uplift of credit risk, should be concerned about. For interest rate products, that market is down in 2010 out of the market, even though monetary policy has begun to withdraw, and the inflation pressure is gradually released, but given the current market demand pressures, government bonds, financial bonds market is still no further adjustment. With the expected future price level continues to uplift the further withdrawal of monetary policy and the central voting issue one-year increase in interest rates, long-term treasury bonds and financial bonds is still possible to adjust opportunities for government bonds and financial bonds will then be brought stage of the market. 4.6 During the reporting period the Fund Manager of the valuation process in such matters for the valuation process 4.6.1 the parties and the staff (or team) division of responsibility, professional competence and work experience related to the division of responsibilities 4.6.1.1 4.6.1.1. 1 in 4 people valued members of the group, respectively, head of the company's operations, research head, head of risk management, legal and compliance department head, team leader as head of the operation. 4.6.1.1.2 heads of departments may also be recommended on behalf of the sector in the valuation of group members, for replacement, made by the appropriate department head. Team members to be approved by the deputy head of the operation of consent. 4.6.1.2 professional competence and relevant experience in the valuation team with years of operation of the securities industry research, risk management and legal experts familiar with the industry-based staff. 4.6.2 valuation of fund manager decide the extent of participation or fund managers to discuss the Company's valuation principles and methods, but does not participate in the final valuation of decision-making. 4.6.3 The valuation process between the parties involved in the existence of any material conflict of interest between the parties involved in the valuation process there is no material conflict of interest. 4.6.4 has been signed with any pricing and valuation services related to the nature and extent have not yet signed any pricing service. The Fund used the results of the valuation process and valuation forensic accounting firms have been, and is recognized by the custodian bank for review. 4.7 During the reporting period the Fund Manager of the description of the distribution of profits during the reporting period, the distribution of profits of the Fund as follows: The Fund issue on November 3, 2009 notice issued dividends, A class of fund shares and Class B share for each fund 10 bonus fund shares are distributed to 0.95 yuan, a total of two types of fund shares, a bonus 314,615,806.68 dollars, dividend announcement for the November 7, 2009, interest record date for November 6, 2009. The Fund distributed a total dividend 314,615,806.68 in 2009 dollars. 5.1 § 5 reports the trustee of the Fund during the reporting period and trustworthy custodian declaration of compliance of the reporting period, the China Construction Bank, the Fund is managed in strict compliance with the \agreements and other relevant regulations, there is no damage to the interests of fund shareholders act dutifully complied fully fund trustee obligations. 5.2 Custodian of the investment operation of the Fund during the reporting period compliance and trustworthy, NAV, profit distribution, etc. Note the reporting period, the trustee in accordance with relevant State regulations, the fund contract, trust agreement and other relevant provisions of the fund of funds net asset value, fund expenses and other aspects of a serious review of the operation of the Fund's investment aspects of the supervision, fund managers have found damage to the interests of fund shareholders behavior. During the reporting period, the amount of funds allocated to implement the profit of ICBC A strong bond is 192,449,539.42 yuan, ICBC strong bonds B is 122,166,267.26 yuan. 5.3 Custodian of the annual report, the contents of the financial information is true, accurate and complete views of the trustees reviewed the report for review of financial indicators, fund performance, profit distribution, financial accounting reports, portfolio reports, etc., to ensure review the content there is no false, misleading statements or material omissions. § 6 annual report, audit report was issued an unqualified audit report, and emphasized in the audit report, no matters, investors to understand more details, read the annual report of the full text view the audit report. § 7 the annual financial statements 7.1 Balance Sheet Accounting Subject: ICBC Credit Suisse Enhanced Yield Securities Investment Fund Report Deadline: December 31, 2009 Unit: RMB Asset Note No. The end of the period 31 December 2009 on a year-end 2008 December 31 Assets: bank deposits 299,974,146.16 142,241,042.52 settlement provisions 9,510,908.13 5,684,430.68 1,259,812.82 102,440.16 refundable deposits 5,051 trading financial assets , 376,008.08 9,869,488,720.35 of which: Equity 571,624,720.59 - Fund Investment - - 4,479,751,287.49 9,869,488,720.35 bonds asset-backed securities investments - - Derivative financial assets - - Financial assets purchased under resale agreements - - Securities settlement accounts receivable 8,738,272.21 - 45,165,056.67 161,294,953.18 dividends receivable Interest receivable - - Accounts subscription fund 23,832,381.98 118, 232,865.92 Deferred tax assets - - Other assets - Total Assets Liabilities and Equity 5,439,856,586.05 10,297,044,452.81 Note No. The end of December 31, 2009 on a year-end December 2008 31 Liabilities: Short-term borrowings - - Financial liabilities - - Derivative financial liabilities - - sold under agreements to repurchase securities settlement accounts payable 668,399,762.40 1,283,998,530.00 247,775,000.00 - to meet redemption back section 26,558,013.39 20,723,630.36 1,992,392.41 3,734,176.51 payable management fees payable to the trustee fees 664,130.79 1,244,725.51 530,697.11 997,845.07 meet sales and service charges transaction fees payable Taxes payable 264,626.68 219,532.03 - - 11,326.56 278,242.84 meet profit interest payable - - Deferred income tax liabilities - - Other liabilities 1,312 947,849,977.44 1,654,028.10 971,649.83 Total Liabilities , 168,332.15 Equity: - Paid Fund 4,168,012,754.03 7,937,401,023.60 323,993,854.58 1,047,475,097.06 retained earnings 4,492,006 Total equity , 608.61 8,984,876,120.66 5,439,856,586.05 Total liabilities and equity 10,297,044,452.81 Note: The report deadline 31 December 2009, ICBC Enhanced Yield Bond A fund shares 1.0842 yuan, the total 2,174,832,967.69 copies of fund shares; ICBC Enhanced Yield Bond B fund shares 1.0707 yuan, the total 1,993,179,786.34 copies of fund shares; ICBC increased the total share of revenue bonds 4,168, 012,754.03 copies. 7.2 Income Statement Accounting Subject: ICBC Credit Suisse Enhanced Yield Securities Investment Fund of the reporting period: January 1, 2009 to December 31, 2009 Unit: RMB Item Notes No. period January 1, 2009 to 2009 12 31 comparable period last year January 1, 2008 to December 31, 2008 an income 192,183,534.89 654,942,514.261. Interest 202,383,780.35 295,047,607.75 of which: Interest on deposits bond interest income 3,640,152.45 3,394,571.55 198,587,510.01 290,571,805.89 asset-backed securities Interest income - - resale of other financial assets, interest income 156,117.89 1,081,147.81 - 82.502. Investment income (loss \535.15 36,671,013.35 asset-backed securities investment income - - derivative gain dividend income 750,032.01 832,144.84 11,524,780.65 12,564.613. Fair value gain (loss \232,045.28 7,873,323.584. foreign exchange gains (losses by \66,365,398.56 97,652,342.081. Management fees 7.4.7.2.1 33,529,936.06 40,035,444.612. 7.4.7.2.2 11,176,645.27 13,345,148.193 custodian fees. 8,521,062.80 9,032,199.034 sales service fees. 1,020,107.93 3,467,498.455 transaction costs. Interest 11,595,307.50 31,225,317.23 Of which: Financial assets sold under repurchase spending 11,595,307.50 31,225,317.236. 522,339.00 546,734.57 three other charges, gross profit (total loss of \decrease) 125,818,136.33 557,290,172.187.3 equity (NAV) of the main changes in accounting: ICBC Credit Suisse Enhanced Yield Securities Investment Fund of the reporting period: January 1, 2009 to 2009 12 31 Unit: RMB project period January 1, 2009 to December 31, 2009 the Fund paid a total equity Retained earnings, beginning of period equity (NAV) 7,937,401,023.60 1,047,475,[link widoczny dla zalogowanych],097.06 8,984,876,120.66 Second, the issue of funds generated from operating activities Net change in number (current profit) - 125,818,136.33 125,818,136.33 Third, the current fund share transactions Net changes in the fund (net less \, 652.59 594,145,984.28 5,910,859,636.872. redemption shall -9,086,101,922.16 -1,128,829,556.41 -10,214,931,478.57 Fourth, the current share of the fund holders of the distribution of profits generated by the number of changes in net funds (net worth less \754.03323,993,854.584,492,006,608.61 project comparable period last year January 1, 2008 to December 31, 2008 the Fund paid a total equity Retained earnings, beginning of period equity (NAV) 7 , 190,698,728.87 786,733,895.307,977,432,624.17 Second, the issue of funds generated from operating activities Net change in number (current profit) - 557,290,172.18557,290,172.18 Third, the current fund shares Net change in fund transactions the number of (net less \235.288,088,557,406.592. -6,516,702,876.58 -699,626,641.09-7,216,329,517.67 fourth paragraph of redemption, the current holders of fund shares to the distribution of profits generated by the net change in fund number of (net less \, 984,876,120.66 statements as an integral part of the financial statements. 7.1 to 7.4 of this report the financial statements signed by the following charge: Guo Hua Xia Hongbin Zhu Huiyi special person in charge of fund management company in charge of accounting affairs of the accounting department fund 7.4 Statements 7.4.1 Basic ICBC Credit Suisse Enhanced Yield Bond Investment Fund ( hereinafter referred to as the \by the ICBC Credit Suisse Asset Management Co., Ltd. to the public offering to raise and fund the contract in May 11, 2007 entered into force. 3,680,907,503.42 were the first to raise the scale of fund shares. The Fund is open for the contract type, the existence of an indefinite period. A group of funds in the investor subscription, purchase, receive front-end when the subscription, purchase or redemption fees collected when the back-end subscription, subscription fees and redemption fees; B class funds do not charge front-end or back-end subscription, subscription fees and redemption fees, but from the provision of this type of fund assets in the sale of services. The Fund's fund management people ICBC Credit Suisse Asset Management Limited, registered institutions ICBC Credit Suisse Asset Management Limited, the fund custodian China Construction Bank Corporation. The Fund invests in securities class of assets (including convertible bonds), the ratio of not less than 80% of fund assets invested in stocks and other equity securities of no more than 20% of fund assets, cash, or less than one year maturity government bonds is not less than 5% of net assets of the Fund. Assets of the fund shares issued and only the first time, issuing new shares in investment, do not buy shares directly from the secondary market. Benchmark the performance of the Fund are: Barclays Capital China Xinhua Aggregate Bond Index. 7.4.2 Basis of preparation The financial statements of the financial statements in accordance with the Chinese Ministry of Finance in February 2006 issued the \collectively, the \business and share valuation of the net valuation notice of the matter \Information Disclosure Rules \7.4.3 compliance with corporate accounting standards and other relevant provisions of the declaration of the financial statements comply with the requirements of Accounting Standards, true and complete reflection of the Fund at 31 December 2009 the financial condition and operating results for 2009 and the net change situation. The financial statements of the Fund based on presentation of a going concern. 7.4.4 the reporting period of the accounting policies and accounting estimates are consistent with the latest annual report a description of the reporting period of the accounting policies and accounting estimates are consistent with the latest annual report. 7.4.5 Tax 1. Stamp approval by the State Council, Ministry of Finance, the State Administration of Taxation, decided that, since April 24, 2008, the adjustment of the securities (stocks) the stamp duty rate, adjusted from the original 3 ‰ 1 ‰; approved by the State Council, Ministry of Finance, State Administration of Taxation decided that since September 19, 2008, the adjustment of the Securities by the Licensor (stock) trading stamp duty to pay stamp duty, the transferee is no longer imposed, the tax rate unchanged; under Ministry of Finance and State Administration of Taxation Tax [2005] No. 103, \share transfer took place, temporarily exempt from stamp duty. 2. Business tax, enterprise income tax according to the Ministry of Finance, State Administration of Taxation Tax [2004] No. 78, \Securities Investment Fund, an open-end securities investment funds) apply the fund manager buying and selling stocks, bonds, income differences continue to be exempted from business tax and enterprise income tax; the Ministry of Finance, State Administration of Taxation Tax [2008] 1 No. \number of preferential policies of the notice \; the Ministry of Finance, State Administration of Taxation Tax [2005] No. 103, \payment of the shares, cash and other income, tradable shareholders should be exempt enterprise income tax. 3. Personal income tax under the Ministry of Finance, State Administration of Taxation Tax [2002] No. 128, \Income from listed companies, corporate bonds and other times in the distribution to the Fund withheld 20% of personal income tax; the Ministry of Finance, State Administration of Taxation Tax [2005] No. 107, \notice \reduced rate of 50% of taxable income; the Ministry of Finance, State Administration of Taxation Tax [2005] No. 103, \price of tradable shareholders by way of payment to shareholders of shares in circulation, cash and other income, can be exempt holders of tradable shares should pay personal income tax. 7.4.6 Name of related party relationships and related party relationship between the Fund ICBC Credit Suisse Asset Management Limited, the fund manager and fund registration institutions, fund sales institutions in China Construction Bank Corporation, the fund custodian, fund commission agencies Bank of China Ltd shareholders fund managers, fund of fund managers commission agencies Credit Suisse shareholders of China Ocean Shipping (Group) Company shareholders of the fund manager: 1, the report related party of the Fund did not change. 2, the following related party transactions are in the normal course of business on normal commercial terms. 7.4.7 the reporting period and the comparable period last year related party transactions of 7.4.7.1 related party transactions by the transaction unit of the Fund during the reporting period and the comparable period last year was no related party transactions by the transaction unit. 7.4.7.2 Related party management fees paid 7.4.7.2.1 Fund Unit: RMB project period January 1, 2009 to December 31, 2009 comparable period the previous year January 1, 2008 December 31 2008 current occurred at a fund management fee payable 33,529,936.06 40,035,444.61 Of which: sales organizations should be paid to the customer maintenance costs 4,159,[link widoczny dla zalogowanych],894.48 3,376,867.34 Note: The day before the fund management fee 0.6% of net assets of the Fund's annual rate of accrual, calculated as follows: H = E × 0.60% ÷ H then the number of days for daily provision of fund management fees should be E, the day before the Fund daily net asset value fund management fees provision, payable monthly. 7.4.7.2.2 Fund custodian fees Unit: RMB project period January 1, 2009 to December 31, 2009 comparable period the previous year January 1, 2008 to December 31, 2008 current fund should occur custodian fees paid 11,176,645.27 13,345,148.19 Note: the day before by the fund custodian fee of 0.20% of net assets of the Fund's annual rate of provision. Calculated as follows: H = E × 0.20% ÷ H year actual number of days should be provision of funds for the Daily E custodian fees for the fund net asset value the day before hosting fees accrued daily, paid monthly. 7.4.7.2.3 sales service fee Unit: RMB sales service fee to obtain the names of related parties period 1 January 2009 to December 31, 2009 occurred in the Fund should pay the current sales and service fee income increased ICBC Investment research department (the Ministry of equity investments, fixed income, investment accounts department, research department and central dealing room) according to the company fund size and service needs other factors to determine the number of co-broker, on an annual basis the scale of change and brokerage company operating results of the assessment decide whether to add or adjust the co-broker, the list of selected subject to approval of the competent investment vice president and general manager, agreed. Agency agreement in five copies, the agreement of all parties and retain a competent authority for the securities, ICBC Credit Suisse, Legal & Compliance Department retained for the record, and report to the relevant securities authorities kept for record.

More articles related to topics：

[link widoczny dla zalogowanych]

Goedkope uggs nederland Great yield bond funds to

[link widoczny dla zalogowanych]

				fora.pl - załóż własne forum dyskusyjne za darmo Powered by phpBB © 2001, 2002 phpBB Group Avalanche style by What Is Real © 2004