GUANGZHOU (Fund China) – Disclosure of information on the stock market is affecting the decision-making of investors one of the important factors, true, accurate, complete and timely disclosure of information not only conducive to investors value judgment, the efficiency of the securities market, and it helps prevent conflicts of interest with the transfer of benefits, protecting the interests of investors. With other financial products on the market compared to securities investment funds is a prominent feature of transparency higher, helped fund the mandatory information disclosure system.

Fund disclosure of information can be broadly classified into fund raising disclosure of information, the disclosure of information and temporary operation of the disclosure of information three categories, the current quarterly report on the funds belonging to the fund’s operation and information disclosure documents in the report are a regular, periodic reports of the other two were semi-annual report and annual report.

The quarterly report in accordance with the disclosure requirements, fund managers should be the end of each quarter from the date of 15 working days of the quarterly report compiled and posted on the quarterly report designated newspapers and web sites. The contract came into effect less than two months, fund managers can not prepare the current quarterly reports.

In order to facilitate the investors to better read the periodic report, we will in future periods, respectively quarterly report on the contents of the Fund and the details of every part of investors do detail. The main fund quarterly report on the component.

1, important: including managers and trustees for the report true, accurate and integrity of the commitments, and suggested that the risk for investors, and so forth. The main part of the fund managers on the entire document authenticity and accuracy of a commitment.

2, the fund overview: The main fund includes basic information, such as the operation of the fund, investment objectives, investment strategy, performance base of comparison, and so forth. In addition to these basic information can be obtained in the quarterly report, but also through fund prospectuses can be obtained.

3, major financial indicators and net performance: major financial indicators, including the current profit, net income of the current period, the weighted average share of current profits fund, the net assets of the Fund and the end of the end of the Fund share of the net five indicators. Investors may focus on closed-end funds that target net income of the current period, according to July 1, 2007 implementation of the latest accounting standards, this indicator has been adjusted to the name “current profit deduction changes in the current fair value of the net profit or loss.” Because closed-end funds based mainly on the distribution of the current quarter net income and the distribution ratio may not be less than the annual fund realized gain of 90%, the closed-end funds can be used as indicators of the current estimated net income available for distribution for the proceeds of reference. In addition, the net performance of this indicator can be inspected in the last quarter of the proceeds, as well as the base of comparison with the performance comparison.

4, managers report: Introduction including fund managers, compliance and trustworthy information note and report on the work of the fund managers, and so on. Fund managers report on the work of this fund’s performance this quarter and next quarter recalled the market outlook, which could see fund managers take in the last quarter of what investment strategy, fund managers are also available on bullish views and the next stage investment ideas.

5, portfolio reports: portfolio disclosure report major asset portfolio of the Fund, by industry classification of the stock portfolio, the top 10 stocks Details on the bond types of bond portfolio, the top five bond Details and portfolio report notes, and so forth. By analyzing the composition of the Fund’s assets, by industry classification of the stock portfolio, the top 10 stocks Details on the bond types of bond portfolio and the top five bond Details, investors can was informed that the Fund’s investment ratio, degree of centralization, which focus on investment in the shares, which trade concerns, investment income characteristics and risk characteristics, and other information. The report notes portfolio investment portfolio is not covered by the report of the details of a supplementary explanation. Therefore this part of the investment portfolio investors need to focus on is the content.

6, an open-end fund share movements: an open-end fund share movements, investors can see that the present operation of the fund size, can also receive a quarter of the past application of the fund to redeem the situation. Fund-scale movement of the size and impact of the Fund is operating style and the ease of operation of an important factor.

7, for future reference document directory: Mainly in the list of documents for future reference and storage sites and search methods, and so on.

Copyright Fund China 2009.

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