Fund Characteristics Trading Information Portfolio Composition File ETF Material Information Index and Links

Fund Characteristics
Name of ETF Fubon US Corporate Bond ETF Umbrella Fund-Fubon 1-5 Years US High Yield Bond Ex China
Fund Type Exchange Traded Fund (ETF)
Underlying Index Bloomberg Barclays US High Yield 1-5 Year Coupon 4% exChina Index
Securities Code 00741B
Listing Taipei Exchange
Regulator Securities and Futures Commission
Issuer/Manager None
Technical Advisor None
Custodian HUA NAN BANK
Management Style Passive
Investment objective Closely track the performance of Bloomberg Barclays US High Yield 1-5 Year Coupon 4% exChina Index
Issue of Units Scripless, units held in the Depository and not available for withdrawal in physical form
Depository Taiwan Depository & Clearing Corporation
Maximum subscription size None
Net Asset Value (NAV) Net asset value will be calculated based on the market value of the assets of the Fund after income and expenses accrual. It will be announced before 10 am on next dealing day.
Total Expense Ratio (TER) TER includes Management fee, Custodian fees, index license fees, etc. Such expenses will be accrued daily and subtracted from the NAV. TER is approximately 0.56% (below TWD 3 billion) , 0.40% (between TWD 3 billion – TWD 10 billion), 0.38%(above TWD 10 billion).
Voting rights The Manager will act in the unitholders' interest and exercise voting rights for the shares held in the Fund.
Annual report The Manager will prepare annual report within 2 months after the end of each accounting year. The annual report will be signed by the Manager and the Custodian and certified by the accountants.
Distribution Quarterly
Trading in the Secondary Market
Buy/sell Through any licensed securities broker
Account Opening Need to open a securities trading account with a brokerage house
Commission Same as for ordinary stocks – varies by broker but no higher than 0.1425% of the consideration
Board lot 1,000 units
Trading time 9:00 – 13:30
Tax No Tax
Price relationship with the index N/A
Bid/ask spread NTD 0.01 if the price of the unit is below NTD 50
NTD 0.05 if the price of the unit is above NTD 50
Limit up and down No limits
TPEX Information Disclosure
  • Estimated NAV per unit every 15 seconds
Margin Trading
  • Available on listing
  • Short selling under margin trading is exempted from the tick rule(which requires short sales to take place at no lower than the previous day's closing price)
  • Investors should check with his/her broker to see if there is any quota available before executing short-selling
Creation and Redemption in the Primary Market
Creation and redemption Cash creation/redemption
Portfolio Composition File (PCF) Details of index baskets for creation and redemption will be disclosed through the fund issuer's website to all market participants
Order input time 9:00 – 13:30 on each dealing day
Tax No tax is levied on creation or redemption
Creation Unit / Redemption Unit 1,000,000 units
Placement of creation and redemption orders Must be through participating dealers
Issue Price / Redemption Price Actual acquired price per unit on the day of creation or redemption
Creation consideration / Redemption consideration The Total Amount of Cash Creation= Cash Creation Amount+ Subscription Fee+ Cash Creation Transaction Fee
The Total Amount of Cash Redemption= Cash Redemption Amount- Redemption Fee-Cash Redemption Transaction Fee
Types of creation Cash creation
Types of redemption Cash redemption
Creation and redemption fee Varies by participating dealers but subject to the limit
  • Creation fee cannot exceed 1% of the creation consideration
  • Redemption fee cannot exceed 1% of the redemption consideration