Name of ETF |
CTBC TIP Customized TPEx ESG 30 ETF |
Fund Type |
Exchange Traded Fund (ETF) |
Underlying Index |
TIP Customized TPEx ESG 30 Index |
Stock Code |
00928 |
Website |
https://www.ctbcinvestments.com/ |
Listing |
Taipei Exchange |
Regulator |
Securities and Futures Bureau |
Issuer/Manager |
CTBC INVESTMENTS CO., LTD. |
Technical Advisor |
None |
Custodian |
First Commercial Bank |
Management Style |
Passive |
Investment objective |
Using full replication method, supplemented by computer-assisted optimization method, to closely track the performance of underlying Index |
Issue of Units |
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 5:30 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 0.435%. |
Voting rights |
The Manager will act in the unitholders' interest and exercise voting rights for the shares held in the Fund. |
Annual report |
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 |
Semi-annual. The distribution will be calculated on the last calendar day of June and December. |
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 |
Trading hours of the Taipei Exchange: 9:00 – 13:30 |
Tax |
0.10% |
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 |
10% |
TPEx Information Disclosure |
- Estimated NAV per unit every 15 seconds
- Trading price of CTBC TIP Customized TPEx ESG 30 ETF and the 5 best bid/ask prices and volumes
|
Margin Trading |
- Available on listing
- Short selling under margin trading is exempted from the uptick 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 –12:00 on each dealing day |
Tax |
No tax is levied on creation or redemption |
Creation /Redemption Units |
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
- Creation fee cannot exceed 2% of the creation consideration
- Redemption fee cannot exceed 1% of the redemption consideration
|