Name of ETF | CTBC 15+ Year Developed Markets US Corporate Best-in-Class ESG Bond ETF |
Fund Type | Bond ETF |
Underlying Index | ICE 15+ Year Ultra Large Cap Developed Markets US Corporate Best-in-Class ESG Index |
Securities Code | 00883B |
Website | http://www.ctbcinvestments.com |
Listing | Taipei Exchange |
Regulator | Securities and Futures Bureau |
Issuer/Manager | CTBC INVESTMENTS CO., LTD. |
Custodian | Mega International Commercial Bank |
Management Style | Passive |
Investment objective | closely track the performance of ICE 15+ Year Ultra Large Cap Developed Markets US Corporate Best-in-Class ESG Index (before fees and expenses) |
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 after 4 pm on each 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 0.24-0.54% differed by the Fund Size. |
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 |
Board lot | 1,000 units |
Trading time | 9:00 – 13:30 |
Tax | None |
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 |
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Margin Trading |
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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 | 500,000 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 |