W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF), W.I.S.E.-CSI HK 100 TRACKER TM, W.I.S.E.-SSE 50 CHINA TRACKER, W.I.S.E.-CSI HK LISTED M

Transcription

1 Interim Report As of 30 June 2015 ETFs World Index Shares ETFs Fund Manager and Interim Report Issuer BOCI-Prudential Asset Management

2 W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF), W.I.S.E.-CSI HK 100 TRACKER TM, W.I.S.E.-SSE 50 CHINA TRACKER, W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER AND W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER (Sub-Funds of World Index Shares ETFs) 300 * * 100 TM 50 ETFs CONTENTS PAGE(S) MANAGEMENT AND ADMINISTRATION 管理及行政 1 REPORT OF THE MANAGER TO THE UNITHOLDERS 致單位持有人之基金經理報告 2 STATEMENTS OF COMPREHENSIVE INCOME 全面收益表 18 STATEMENTS OF FINANCIAL POSITION 財務狀況表 23 STATEMENTS OF CHANGES IN EQUITY 權益變動表 28 STATEMENTS OF CASH FLOWS 現金流量表 33 W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF) * 標智滬深 300 中國指數基金 ( * 此基金為一隻合成交易所買賣基金 ) INVESTMENT PORTFOLIO 投資組合 38 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS 投資組合變動表 63 HOLDINGS OF COLLATERAL 持有的抵押品 96 PERFORMANCE TABLE 投資表現報表 97 W.I.S.E.-CSI HK 100 TRACKER TM TM 標智中證香港 100 指數基金 INVESTMENT PORTFOLIO 投資組合 98 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS 投資組合變動表 102 PERFORMANCE TABLE 投資表現報表 107 W.I.S.E.-SSE 50 CHINA TRACKER 標智上證 50 中國指數基金 INVESTMENT PORTFOLIO 投資組合 108 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS 投資組合變動表 111 PERFORMANCE TABLE 投資表現報表 117 W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER 標智中證香港上市內地消費指數基金 INVESTMENT PORTFOLIO 投資組合 118 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS 投資組合變動表 120 PERFORMANCE TABLE 投資表現報表 123 W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER 標智中證香港上市內地地產指數基金 INVESTMENT PORTFOLIO 投資組合 124 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS 投資組合變動表 125 PERFORMANCE TABLE 投資表現報表 126

3 W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF), W.I.S.E.-CSI HK 100 TRACKER TM, W.I.S.E.-SSE 50 CHINA TRACKER, W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER AND W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER (Sub-Funds of World Index Shares ETFs) 300 * * 100 TM 50 ETFs MANAGEMENT AND ADMINISTRATION MANAGER AND LISTING AGENT BOCI-Prudential Asset Management Limited 27/F, Bank of China Tower 1 Garden Road Central Hong Kong DIRECTORS OF THE MANAGER AND LISTING AGENT Wang Zhongze Mak Tat Cheung Tse Yung Hoi Guy Robert Strapp Julian Christopher Vivian Pull TRUSTEE AND CUSTODIAN BOCI-Prudential Trustee Limited 12/F & 25/F, Citicorp Centre 18 Whitfield Road Causeway Bay Hong Kong Standard Chartered Bank (China) Limited 28/F, Standard Chartered Tower 201, Century Avenue Pudong Shanghai China REGISTRAR Computershare Hong Kong Investor Services Limited 46/F, Hopewell Centre 183 Queen s Road East Wanchai Hong Kong CONVERSION AND SERVICE AGENT HK Conversion Agency Services Limited 1/F One & Two Exchange Square 8 Connaught Place Central Hong Kong LEGAL ADVISER TO THE MANAGER Baker & McKenzie 23/F, One Pacific Place 88 Queensway Hong Kong AUDITOR Ernst & Young (with effect from 30 June 2015) 22nd Floor, CITIC Tower 1 Tim Mei Avenue Central Hong Kong Deloitte Touche Tohmatsu (up to 29 June 2015) 35/F, One Pacific Place 88 Queensway Hong Kong 中銀國際英國保誠資產管理有限公司香港中環花園道 1 號中銀大廈 27 樓 王中澤麥達彰謝湧海 Guy Robert Strapp Julian Christopher Vivian Pull 中銀國際英國保誠信託有限公司香港銅鑼灣威非路道 18 號萬國寶通中心 12 樓及 25 樓 渣打銀行 ( 中國 ) 有限公司中國上海市浦東世紀大道 201 號渣打銀行大廈 28 樓 香港中央證券登記有限公司香港灣仔皇后大道東 183 號合和中心 46 樓 香港證券兌換代理服務有限公司香港中環干諾道 8 號交易廣場第一及二座 1 樓 貝克 麥堅時律師事務所香港金鐘道 88 號太古廣場一期 23 樓 安永會計師事務所 ( 由二零一五年六月卅日起 ) 香港中環添美道 1 號中信大廈 22 樓 德勤 關黃陳方會計師行 ( 直至二零一五年六月廿九日 ) 香港金鐘道 88 號太古廣場一座 35 樓 1

4 REPORT OF THE MANAGER TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF) (SUB-FUND OF WORLD INDEX SHARES ETFs) Fund Performance The W.I.S.E.- CSI 300 China Tracker * ( * This is a synthetic ETF) ( WISE-CSI300 or the Sub-Fund ) is an indextracking exchange traded fund which seeks to track the performance of the CSI 300 Index (the Underlying Index or CSI300 ). As of 30 June 2015, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 123,200,000 units outstanding and total assets under management ( AUM ) of 5,484,694,343. The WISE-CSI300 adopts a representative sampling strategy. A summary of the performance of the WISE- CSI300 is shown below. 300 * * ETFs 標智滬深 300 中國指數基金 * 此基金為一隻合成交易所買賣基金 )( 標智滬深 300 或 子基金 ) 是一個指數追蹤交易所買賣基金, 旨在追蹤滬深 300 指數 ( 相關指數 或 滬深 300 ) 的表現 截至二零一五年六月卅日, 子基金每基金單位資產淨值為 港元, 已發行的基金單位總計為 123,200,000 個, 管理資產總額 ( AUM ) 總計為 5,484,694,343 港元 標智滬深 300 採用代表性抽樣策略 標智滬深 300 表現概述如下 Since Inception Total Return (a) YTD (Annualized) (f) (a) 年初至今 二零一四年 二零一三年 二零一二年 二零一一年 二零一零年 自成立以來 ( 年率化 ) (f) CSI 300 (RMB) (b) 27.33% 55.61% -5.33% 9.80% % % 3.56% 滬深 300 ( 人民幣 ) (b) CSI 300 () (c) 27.25% 51.95% -2.55% 10.78% % -8.32% 6.06% 滬深 300 ( 港幣 ) (c) WISE-CSI300 NAV-to-NAV (d) 25.98% 40.27% -8.24% 7.28% % % 1.94% (d) 標智滬深 300 資產淨值對資產淨值 WISE-CSI300 Market-to-Market (e) 27.80% 28.29% % 5.97% % 3.99% 0.94% (e) 標智滬深 300 市值對市值 as of 30 June 2015 (last dealing date of June, 2015) 截至二零一五年六月卅日 ( 二零一五年六月最後交易日 ) Past performance figures shown are not indicative of the future performance of the sub-fund. Starting from 1 July 2014, CSI 300 Total Return Index is replaced with CSI 300 Net Total Return Index for index performance calculation. CSI 300 Net Total Return Index is denominated in RMB. For the purpose of performance comparison, index performance is presented in and calculated by referring to the foreign exchange rates for RMB / quoted by Bloomberg Bloomberg RMB (CNY) rate (Tokyo Composite) at 4:00 p.m. Hong Kong time on the corresponding dealing dates. 過往的表現並不代表未來的表現 由二零一四年七月一日起, 計算指數表現的滬深 300 全收益指數替換為滬深 300 淨收益指數 滬深 300 淨收益指數是以人民幣計值 就比較表現而言, 指數表現乃以港元呈示, 並參考彭博資訊於相關交易日香港時間下午四時所報之彭博人民幣 (CNY) 東京綜合匯率計算人民幣 港元匯率 (a) (b) (c) (d) (e) (f) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. The index performance in RMB calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. The index performance in calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. The sub-fund performance is calculated in on NAV-to-NAV basis with gross distribution reinvested. Units in the sub-fund are issued and redeemed at NAV. Market returns are calculated in using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. This is the annualized return since the sub-fund inception. The sub-fund inception date is 13 July (a) (b) (c) (d) (e) (f) 全收益代表投資者賺取 ( 或損失 ) 回報率, 當中假設再投資所有股息及分派 指數表現按全收益以人民幣計值, 反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 指數表現按全收益以港元計值, 反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 子基金的表現按資產淨值對資產淨值以港元計值, 總分派用作再投資 子基金的基金單位可按其資產淨值發行及贖回 市值回報率按歷史收盤價以港元計算, 並不代表閣下在其他時間買賣基金單位收取的回報 這是自子基金成立以來的年化回報率 子基金成立日期為二零零七年七月十三日 Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd., Bloomberg 資料來源 : 中銀國際英國保誠資產管理有限公司 中證指數有限公司 彭博資訊 2

5 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF) (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 * * ETFs Fund Activities In the first half of 2015, the WISE-CSI300 continued to attract wide interest from investors seeking to get exposure to A-share market. As of 30 June 2015, there were 123,200,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 301 stocks. 於二零一五年上半年, 標智滬深 300 繼續深受廣泛投資者垂青, 以投資 A 股市場 截至二零一五年六月卅日, 子基金已發行的基金單位為 123,200,000 個, 直接或間接共持有 301 隻股票 On 20 May 2015, the Manager announced that Fitch Ratings Ltd ( Fitch ) had downgraded Deutsche Bank AG s Longterm Issuer Default Rating ( IDR ) and senior unsecured debt ratings to A from A+ and its Short-term IDR and debt ratings to F1 from F1+. As at the date of this Announcement, the credit ratings of Deutsche Bank AG remained above the minimum credit rating requirement as disclosed in the Prospectus. On 10 June 2015, the Manager announced that Standard & Poor s Ratings Services ( S&P ) had downgraded the Deutsche Bank AG London s Long-term Issuer Credit Rating to BBB+ from A. As at the date of this Announcement, the credit ratings of Deutsche Bank AG London remained above the minimum credit rating requirement as disclosed in the Prospectus. 於二零一五年五月廿日, 基金經理公佈, 惠譽國際信用評級公司 ( 惠譽 ) 已將德意志銀行 AG 的長期發行人違約評級 ( IDR ) 及優先無擔保債務評級, 由 A+ 降低為 A, 而其短期發行人違約評級及債務評級由 F1+ 降低為 F1 於該公佈日期, 德意志銀行 AG 的信貸評級維持高於基金認購章程所披露的最低信貸評級要求 於二零一五年六月十日, 基金經理公佈, 標準普爾評級服務公司 ( 標準普爾 ) 已將德意志銀行 AG 倫敦的長期發行人信用評級由 A 降低為 BBB+ 於該公佈日期, 德意志銀行 AG 倫敦的信貸評級維持高於基金認購章程所披露的最低信貸評級要求 With effect from 30 June 2015, the auditors of the Sub-Fund were changed to Ernst & Young. As a result, the information of the Auditors under the section headed PARTIES in the Prospectus of the Sub-Fund was amended. 由二零一五年六月卅日起, 子基金的核數師變更為安 永會計師事務所 因此, 子基金的基金認購章程 各 方名錄 一節下的 核數師 資料作出修訂 Please refer to the corresponding public announcements on our company web-site ( for details. 詳情請參考本公司網站 ( 所載的相關公告 Index Activities The CSI 300 Index underwent three ongoing event related changes and a regular semi-annual review in the first half of The details of the index changes are summarized in Figure 1. 於二零一五年上半年, 滬深 300 指數針對成份股的特殊事件而進行三次指數調整及經歷一次指數樣本定期審核 該次指數樣本定期審核概述於圖 1 Shanghai Stock Exchange and China Securities Index Co., Ltd. (CSI) decided to change the new free float methodology with effect from 11 March The new free float rules are listed as follows: 上海證券交易所和中證指數有限公司 (CSI) 決定, 由二零一五年三月十一日起, 實施新的自由流通量計算方法 新自由流通量規則具體如下 : The previous 10% threshold was increased to 15%, and if the Negotiable Market Cap Ratio was between 0% and 15%, the inclusion factor would be rounded up to the nearest percentage point. The rest of the free float methodology remained unchanged. 將原有的 10% 的低檔位結點提升至 15%, 如果自 由流通比例區間介乎 0 至 15%, 自由流通比例向上取 整 其他部分保持不變 3

6 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF) (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 * * ETFs Index Activities (continued) Category-Weighted Chart after Adjustment 調整後的指數分級靠檔表 Negotiable Market Cap Ratio (%) 自由流通比例 (%) 15 (15, 20] (20, 30] (30, 40] (40, 50] (50, 60] (60, 70] (70, 80] >80 Inclusion Factor (%) 加權比例 (%) nearest higher percentage point 上調至最接近的整數值 Please refer to the corresponding announcements on the CSI web-site ( for details. 詳情請參考中證指數有限公司網站 ( 所載的相關公告 Figure 1 Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 26-Jan-15 一五年一月廿六日 21-May-15 一五年五月廿一日 21-May-15 一五年五月廿一日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 Hong Yuan Securities Co., Ltd. 宏源證券股份有限公司 China CNR Corporation Limited 中國北車股份有限公司 Shanghai Oriental Pearl (Group) Co., Ltd. 上海東方明珠 ( 集團 ) 股份有限公司 Tangshan Jidong Cement Company Limited 唐山冀東水泥股份有限公司 CPT Technology (Group) Co., Ltd. 華映科技 ( 集團 ) 股份有限公司 Yantai Chang Yu Pioneer Wine Company Limited 煙台張裕葡萄釀酒股份有限公司 Guangdong Advertising Group Co., Ltd. 廣東省廣告集團股份有限公司 Shenzhen Aisidi Co., Ltd. 深圳市愛施德股份有限公司 Shenzhen MTC Co., Ltd. 深圳市兆馳股份有限公司 Shijiazhuang Yiling Pharmaceutical Co., Ltd. 石家莊以嶺藥業股份有限公司 Minmetals Development Co., Ltd. 五礦發展股份有限公司 Humanwell Healthcare (Group) Co., Ltd. 人福醫藥集團股份公司 Kingfa Sci. and Tech. Co., Ltd. 金發科技股份有限公司 Shenwan Hongyuan Group Co., Ltd. 申萬宏源集團股份有限公司 Lepu Medical Technology (Beijing) Co., Ltd. 樂普 ( 北京 ) 醫療器械股份有限公司 AVIC Aero-engine Controls Co., Limited 中航動力控制股份有限公司 Oceanwide Co., Ltd. 泛海控股股份有限公司 Guangdong Electric Power Development Co., Ltd. 廣東電力發展股份有限公司 Guangdong Golden Dragon Development Inc. 廣東錦龍發展股份有限公司 Guosen Securities Co., Ltd. 國信證券股份有限公司 Beijing Ultrapower Software Co., Ltd. 北京神州泰岳軟件股份有限公司 East Money Information Co., Ltd. 東方財富信息股份有限公司 Leshi Internet Information and Technology Corp., Beijing 樂視網信息技術 ( 北京 ) 股份有限公司 Wuhan Iron and Steel Company Limited 武漢鋼鐵股份有限公司 Yingkou Port Liability Co., Ltd. 營口港務股份有限公司 Tianjin Port Co., Ltd. 天津港股份有限公司 4

7 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI 300 CHINA TRACKER * ( * This is a synthetic ETF) (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 300 * * ETFs Index Activities (continued) Figure 1 (continued) Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 Zhejiang Hisun Pharmaceutical Co., Ltd. 浙江海正藥業股份有限公司 Guizhou Panjiang Refined Coal Co., Ltd. 貴州盤江精煤股份有限公司 Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. 漳州片仔癀藥業股份有限公司 Fiberhome Telecommunication Technologies Co., Ltd. 烽火通信科技股份有限公司 Shanghai Yuyuan Tourist Mart Co., Ltd. 上海豫園旅遊商城股份有限公司 Harbin Pharmaceutical Group Co., Ltd. 哈藥集團股份有限公司 Chengdu B-ray Media Co., Ltd. 成都博瑞傳播股份有限公司 Neway Valve (Suzhou) Co., Ltd. 蘇州紐威閥門股份有限公司 Orient Securities Company Limited 東方證券股份有限公司 Spring Airlines Co., Ltd. 春秋航空股份有限公司 The Pacific Securities Co., Ltd. 太平洋證券股份有限公司 China First Heavy Industries 中國第一重型機械股份公司 Everbright Securities Company Limited 光大證券股份有限公司 China COSCO Company Limited 中國遠洋控股股份有限公司 Hainan Mining Co., Ltd. 海南礦業股份有限公司 Datang International Power Generation Co., Ltd. 大唐國際發電股份有限公司 Source: China Securities Index Co., Ltd., Shanghai Stock Exchange, Shenzhen Stock Exchange 資料來源 : 中證指數有限公司, 上海證券交易所, 深圳證券交易所 5

8 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK 100 TRACKER TM (SUB-FUND OF WORLD INDEX SHARES ETFs) 100 TM ETFs Fund Performance The W.I.S.E. - CSI HK 100 Tracker TM ( WISE-CSIHK100 or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to track the performance of the CSI Hong Kong 100 Index (the Underlying Index or CSIHK100 ). As of 30 June 2015, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 21,000,000 units outstanding and total assets under management ( AUM ) of 486,428,651. TM 標智中證香港 100 指數基金 ( 標智中證香港 100 或 子基金 ) 為一個指數追蹤交易所買賣基金, 旨在追蹤中證香港 100 指數 ( 相關指數 或 中證香港 100 ) 的表現 截至二零一五年六月卅日, 子基金的每單位資產淨值為 港元, 已發行的基金單位總計為 21,000,000 個, 管理資產 ( AUM ) 規模總計為 486,428,651 港元 The WISE-CSIHK100 adopts a representative sampling strategy, and invests in a representative sample of the index securities of the Underlying Index. A summary of the performance of the WISE-CSIHK100 is shown below. 標智中證香港 100 採用代表性抽樣策略, 並投資相關指數中代表性抽樣的指數證券 標智中證香港 100 的表現概述如下 Total Return (a) in YTD Since Inception (Annualized) (e) (a) 年初至今 二零一四年 二零一三年 二零一二年 二零一一年 二零一零年 自成立以來 ( 年率化 ) (e) CSIHK100 (b) 12.36% 5.31% 6.61% 26.23% % 9.28% 3.90% 中證香港 100 (b) WISE-CSIHK100 NAV-to-NAV (c) 11.74% 4.44% 4.55% 25.97% % 9.37% 2.77% (c) 標智中證香港 100 資產淨值對資產淨值 WISE-CSIHK100 Market-to-Market (d) 11.24% 5.03% 3.31% 27.17% % 9.35% 2.81% (d) 標智中證香港 100 市值對市值 as of 30 June 2015 (last dealing date of June, 2015) 截至二零一五年六月卅日 ( 二零一五年六月最後交易日 ) Past performance figures shown are not indicative of the future performance of the sub-fund. 過往的表現並不代表未來的表現 (a) Total returns represent the rate that an investor would have (a) 全收益代表投資者賺取 ( 或損失 ) 回報率, 當中假設再投資 earned (or lost) on an investment, assuming reinvestment of all 所有股息及分派 dividends and distributions. (b) The index performance calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction (b) 按全收益基礎計算的指數表現反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 costs or other expenses, which would reduce performance returns of the sub-fund. (c) Units in the sub-fund are issued and redeemed at NAV. The subfund performance is calculated on NAV-to-NAV basis with gross (c) 子基金的基金單位可按其資產淨值發行及贖回 子基金的表現按資產淨值對資產淨值計算, 總分派用作再投資 distribution reinvested. (d) Market returns are calculated using historical market closing (d) 市值回報率按歷史收盤價計算, 並不代表閣下在其他時間 prices, and do not represent the returns you would receive if you 買賣基金單位收取的回報 traded units at other times. (e) This is the annualized return since the sub-fund inception. The (e) 這是自子基金成立以來的年化回報率 子基金成立日期為 sub-fund inception date is 13 May 二零零八年五月十三日 Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd., Bloomberg 資料來源 : 中銀國際英國保誠資產管理有限公司 中證指數有限公司 彭博資訊 6

9 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK 100 TRACKER TM (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 100 TM ETFs Fund Activities As of 30 June 2015, there were 21,000,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 97 stocks. 截至二零一五年六月卅日, 子基金已發行基金單位為 21,000,000 個, 持有 97 隻股票 Pursuant to the Stamp Duty (Amendment) Ordinance 2015, stamp duty for any sale or purchase of ETF units and for any transfer of ETF units was waived with effect from 13 February 根據 2015 年印花稅 ( 修訂 ) 條例, 自二零一五年二月十三日起, 就買賣任何 ETF 單位及或轉讓任何 ETF 單位獲豁免支付印花稅 With effect from 30 June 2015, the auditors of the Sub-Fund were changed to Ernst & Young. As a result, the information of the Auditors under the section headed PARTIES in the Prospectus of the Sub-Fund was amended. 由二零一五年六月卅日起, 子基金的核數師變更為安 永會計師事務所 因此, 子基金的基金認購章程 各方名錄 一節下的 核數師 資料作出修訂 Please refer to the corresponding public announcements on our company web-site ( for details. 詳情請參考本公司網站 ( 所載的相關公告 Index Activities The CSI HK 100 Index underwent an ongoing event related change and a regular semi-annual review in the first half of The details of the index changes are summarized in Figure 1. 於二零一五年上半年, 中證香港 100 指數針對成份股的特殊事件而進行一次指數調整及經歷一次指數樣本定期審核 該次指數樣本定期審核述於圖 1 Shanghai Stock Exchange and China Securities Index Co., Ltd. (CSI) decided to change the new free float methodology with effect from 11 March The new free float rules are listed as follows: 上海證券交易所和中證指數有限公司 (CSI) 決定, 由 二零一五年三月十一日起, 實施新的自由流通量計算 方法 新自由流通量規則具體如下 : The previous 10% threshold was increased to 15%, and if the Negotiable Market Cap Ratio was between 0% and 15%, the inclusion factor would be rounded up to the nearest percentage point. The rest of the free float methodology remained unchanged. 將原有的 10% 的低檔位結點提升至 15%, 如果自 由流通比例區間介乎 0 至 15%, 自由流通比例向上取 整 其他部分保持不變 Category-Weighted Chart after Adjustment 調整後的指數分級靠檔表 Negotiable Market Cap Ratio (%) 自由流通比例 (%) 15 (15, 20] (20, 30] (30, 40] (40, 50] (50, 60] (60, 70] (70, 80] >80 Inclusion Factor (%) 加權比例 (%) nearest higher percentage point 上調至最接近的整數值 Please refer to the corresponding announcements on the CSI web-site ( for details. 詳情請參考中證指數有限公司網站 ( 所載的相關公告 7

10 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK 100 TRACKER TM (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 100 TM ETFs Index Activities (continued) Figure 1 Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 27-May-15 一五年五月廿七日 0013.HK Hutchison Whampoa Limited 和記黃埔有限公司 1113.HK Cheung Kong Property Limited 長江實業地產有限公司 15-Jun-15 一五年六月十五日 0069.HK Shangri-La Asia Limited 香格里拉 ( 亞洲 ) 有限公司 0010.HK Hang Lung Group Limited 恒隆集團有限公司 15-Jun-15 一五年六月十五日 1339.HK The People s Insurance Company (Group) of China Limited 中國人民保險集團股份有限公司 0241.HK Alibaba Health Information Technology Limited 阿里健康信息技術有限公司 15-Jun-15 一五年六月十五日 1619.HK Tianhe Chemicals Group Limited 天合化工集團有限公司 0288.HK WH Group Limited 萬洲國際有限公司 15-Jun-15 一五年六月十五日 1913.HK PRADA S.p.A HK Beijing Enterprises Water Group Limited 北控水務集團有限公司 15-Jun-15 一五年六月十五日 1929.HK Chow Tai Fook Jewellery Group Limited 周大福珠寶集團有限公司 0966.HK China Taiping Insurance Company Limited 中國太平保險控股有限公司 15-Jun-15 一五年六月十五日 2689.HK Nine Dragons Paper () Limited 玖龍紙業 ( 控股 ) 有限公司 1038.HK Cheung Kong Infrastructure Limited 長江基建集團有限公司 15-Jun-15 一五年六月十五日 6863.HK China Huishan Dairy Company Limited 中國輝山乳業控股有限公司 6808.HK Sun Art Retail Group Limited 高鑫零售有限公司 Source: China Securities Index Co., Ltd., HKEx 資料來源 : 中證指數有限公司, 香港交易所 8

11 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) 50 ETFs Fund Performance The W.I.S.E.- SSE 50 China Tracker ( WISE-SSE50 or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to provide investment performance (before taxes) that tracks the performance of the SSE 50 Index (the Underlying Index or SSE50 ). As of 29 June 2015, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 8,800,000 units outstanding and total assets under management ( AUM ) of 215,220,437. The WISE-SSE50 adopts a representative sampling strategy. The Sub-Fund, at present, invests directly in A Shares via the Shanghai-Hong Kong Stock Connect. A summary of the performance of the WISE-SSE50 is shown below. 標智上證 50 中國指數基金 ( 標智上證 50 或 子基金 ) 是一個指數追蹤交易所買賣基金, 旨在使子基金的 ( 稅前 ) 投資表現追蹤上證 50 指數 ( 相關指數 或 上證 50 ) 的表現 截至二零一五年六月廿九日, 子基金每基金單位資產淨值為 港元, 已發行的基金單位總計為 8,800,000 個, 管理資產規模 ( AUM ) 總計為 215,220,437 港元 標智上證 50 採用代表性抽樣策略 子基金目前透過滬港通直接投資 A 股 標智上證 50 的表現概述如下 Since Inception Total Return (a) YTD (Annualized) (f) (a) 年初至今 二零一四年 二零一三年 二零一二年 二零一一年 二零一零年 自成立以來 ( 年率化 ) (f) SSE50 (RMB) (b) 4.56% 69.34% % 18.10% % % 8.64% 上證 50 ( 人民幣 ) (b) SSE50 () (c) 4.41% 65.23% -9.75% 19.19% % % 10.33% 上證 50 ( 港元 ) (c) WISE SSE50 NAV-to-NAV (d) 2.49% 57.60% % 14.33% % % 4.61% (d) 標智上證 50 資產淨值對資產淨值 WISE SSE50 Market-to-Market (e) 6.70% 52.10% % 11.05% % % 4.78% (e) 標智上證 50 市值對市值 as of 29 June 2015 (last dealing date of June, 2015) 截至二零一五年六月廿九日 ( 二零一五年六月最後交易日 ) It was a synthetic ETF during 15 April 2009 to 11 May Please note that the investment strategy of the Sub-Fund has changed from synthetic replication to physical replication with effect from 12 May Past performance figures shown are not indicative of the future performance of the sub-fund. Starting from 1 July 2014, SSE 50 Total Return Index is replaced with SSE 50 Net Total Return Index for index performance calculation. SSE 50 Net Total Return Index is denominated in RMB. For the purpose of performance comparison, index performance is presented in and calculated by referring to the foreign exchange rates for RMB / quoted by Bloomberg Bloomberg RMB (CNY) rate (Tokyo Composite) at 3:00 p.m. Hong Kong time on the corresponding dealing dates. (a) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. (b) The index performance in RMB calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. (c) The index performance in calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. (d) The sub-fund performance is calculated in on NAV-to-NAV basis with gross distribution reinvested. Units in the sub-fund are issued and redeemed at NAV. (e) Market returns are calculated in using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. (f) This is the annualized return since the sub-fund inception. The sub-fund inception date is 9 April Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd., Bloomberg 子基金於二零零九年四月十五日至二零一五年五月十一日為合成交易所買賣基金 請注意, 由二零一五年五月十二日起, 子基金的投資策略由合成複製更改為實物複製 過往的表現並不代表未來的表現 由二零一四年七月一日起, 計算指數表現的上證 50 全收益指數替換為上證 50 淨收益指數 上證 50 淨收益指數是以人民幣計值 就比較表現而言, 指數表現乃以港元呈示, 並參考彭博資訊於相關交易日香港時間下午三時所報之彭博人民幣 (CNY) 東京綜合匯率計算人民幣 港元匯率 (a) (b) (c) (d) (e) 全收益代表投資者賺取 ( 或損失 ) 回報率, 當中假設再投資所有股息及分派 指數表現按全收益以人民幣計值, 反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 指數表現按全收益以港元計值, 反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 子基金的表現按資產淨值對資產淨值以港元計值, 總分派用作再投資 子基金的基金單位可按其資產淨值發行及贖回 市值回報率按歷史收盤價以港元計算, 並不代表閣下在其他時間買賣基金單位收取的回報 (f) 這是自子基金成立以來的年化回報率 子基金成立日期為二零零九年四月九日 資料來源 : 中銀國際英國保誠資產管理有限公司 中證指數有限公司 彭博資訊 9

12 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 50 ETFs Fund Activities In the first half of 2015, the WISE-SSE50 continued to attract wide interest from investors seeking to get exposure to A-share market. As of 29 June 2015, there were 8,800,000 units outstanding in the Sub-Fund and the Sub- Fund had exposure to 50 stocks. 於二零一五年上半年, 標智上證 50 繼續深受廣泛投資者垂青, 以投資 A 股市場 截至二零一五年六月廿九日, 子基金已發行的基金單位為 8,800,000 個, 共間接持有 50 隻股票 The Sub-Fund changed its investment strategy from synthetic replication (i.e. investing through both the AXP Route and the Direct Investment Route) to physical replication (i.e. investing through Direct Investment Route) (the Change ) in order to achieve its investment objective. The remaining AXPs were converted to direct purchase of A Shares via Stock Connect during the Switch Period between 4 May 2015 and 12 May The Change was fully completed (i.e. the relevant trades for the Change have fully executed) on 11 May 2015 and the Sub-Fund wholly invests directly in A Shares via the Shanghai-Hong Kong Stock Connect with effect from 12 May 2015 (i.e. the Effective Date). 子基金已更改其投資策略, 由合成複製 ( 即透過 AXP 途徑及直接投資途徑作投資 ) 變更為實物複製 ( 即以直接投資途徑作投資 )( 此變更 ) 以達至其投資目標 剩餘的 AXP 將於二零一五年五月四日至二零一五年五月十二日之轉換期透過滬港通轉換為直接投資 A 股 此變更已於二零一五年五月十一日全面完成 ( 即有關此變更的交易已完全執行 ), 以及子基金由二零一五年五月十二日 ( 生效日期 ) 透過滬港通完全直接投資 A 股 With effect from the Effective Date, the name of the Sub- Fund was changed from W.I.S.E. SSE 50 China Tracker * ( * This is a synthetic ETF) to W.I.S.E. SSE 50 China Tracker. The stock short name of the Sub-Fund changed from X WISE SSE50ETF to WISE SSE50ETF with effect from the next Hong Kong trading day following the Effective Date. 由生效日期起, 子基金的名稱由 標智上證 50 中國指數基金 *(* 此基金為一隻合成交易所買賣基金 ) 更改為 標智上證 50 中國指數基金 由生效日期起計的下個香港交易日起, 子基金的中文股票簡稱由 X 標智上證 50 更改為 標智上證 50 Further information regarding the Sub-Fund s direct investment was reflected in the latest Prospectus and Product Key Facts Statement of the Sub-Fund, which incorporated other updates and amendments, including: 有關子基金直接投資的進一步資料已反映於子基金最新的基金認購章程及產品資料概要, 該等文件亦包含其他更新及更改, 包括 : 1. amendment relating to Dealing Deadline for creation and redemption of Units; 2. enhancement of risk disclosure relating to investment via the Shanghai-Hong Kong Stock Connect and addition of disclosure relating to trading quotas under the Shanghai-Hong Kong Stock Connect; and 3. update of the number of constituents listed on Shanghai Stock Exchange and the total market capitalization and the percentage of the total market capitalization of the Shanghai Stock Exchange that the 50 constituent stocks of the SSE 50 Index represent and the top ten holdings of the SSE 50 Index. 1. 更改有關增設和贖回基金單位的交易時限 ; 2. 加強有關透過滬港通投資的風險披露及進一步披露有關滬港通下的交易額度 ; 及 3. 更新於上海證券交易所上市的成份股數目及總市值和上證 50 指數的 50 隻成份股佔上海證券交易所總市值的百分比以及上證 50 指數的十隻最大成分股 With effect from 30 June 2015, the auditors of the Sub-Fund were changed to Ernst & Young. As a result, the information of the Auditors under the section headed PARTIES in the Prospectus of the Sub-Fund was amended. 由二零一五年六月卅日起, 子基金的核數師變更為安永會計師事務所 因此, 子基金的基金認購章程 各方名錄 一節下的 核數師 資料作出修訂 Please refer to the corresponding public announcements on our company web-site ( for details. 詳情請參考本公司網站 ( 所載的相關公告 10

13 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-SSE 50 CHINA TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) (continued) 50 ETFs Index Activities The SSE 50 Index underwent two ongoing event related changes and a regular semi-annual review in the first half of The details of the index changes are summarized in Figure 1. Shanghai Stock Exchange and China Securities Index Co., Ltd. (CSI) decided to change the new free float methodology with effect from 11 March The new free float rules are listed as follows: The previous 10% threshold was increased to 15%, and if the Negotiable Market Cap Ratio was between 0% and 15%, the inclusion factor would be rounded up to the nearest percentage point. The rest of the free float methodology remained unchanged. Category-Weighted Chart after Adjustment 於二零一五年上半年, 上證 50 指數針對成份股的特殊事件而進行兩次指數調整及經歷一次指數樣本定期審核 該次指數樣本定期審核概述於圖 1 上海證券交易所和中證指數有限公司 (CSI) 決定, 由二零一五年三月十一日起, 實施新的自由流通量計算方法 新自由流通量規則具體如下 : 將原有的 10% 的低檔位結點提升至 15%, 如果自由流通比例區間介乎 0 至 15%, 自由流通比例向上取整 其他部分保持不變 調整後的指數分級靠檔表 Negotiable Market Cap Ratio (%) 自由流通比例 (%) 15 (15, 20] (20, 30] (30, 40] (40, 50] (50, 60] (60, 70] (70, 80] >80 Inclusion Factor (%) 加權比例 (%) nearest higher percentage point 上調至最接近的整數值 Please refer to the corresponding announcements on the CSI web-site ( for details. Figure 1 詳情請參考中證指數有限公司網站 ( 所載的相關公告 1 Deletion Addition Effective Date Stock Code Stock Name Stock Code Stock Name 21-May-15 一五年五月廿一日 21-May-15 一五年五月廿一日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 15-Jun-15 一五年六月十五日 China CNR Corporation Limited 中國北車股份有限公司 Shanghai Oriental Pearl (Group) Co., Ltd. 上海東方明珠 ( 集團 ) 股份有限公司 Shanghai Fosun Pharmaceutical (Group) Co., Ltd. 上海復星醫藥 ( 集團 ) 股份有限公司 Guangzhou Baiyunshan Pharmaceutical Company Limited 廣州白雲山醫藥集團股份有限公司 China Avionics Systems Co., Ltd. 中航航空電子系統股份有限公司 Sanan Optoelectronics Co., Ltd. 三安光電股份有限公司 China Hainan Rubber Industry Group Co., Ltd. 海南天然橡膠產業集團股份有限公司 AVIC Aviation Engine Corporation PLC. 中航動力股份有限公司 Offshore Oil Engineering Co., Ltd. 海洋石油工程股份有限公司 Orient Securities Company Limited 東方證券股份有限公司 China Railway Construction Corporation Limited 中國鐵建股份有限公司 China Railway Group Limited 中國中鐵股份有限公司 China Communications Construction Company Limited 中國交通建設股份有限公司 Bank of China Limited 中國銀行股份有限公司 Source: China Securities Index Co., Ltd., Shanghai Stock Exchange 資料來源 : 中證指數有限公司, 上海證券交易所 11

14 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) Fund Performance The W.I.S.E. - CSI HK Listed Mainland Consumption Tracker ( WISE-CSIMLCT or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to provide investment returns, before fees and expenses, that closely correspond to the performance of the CSI Hong Kong Listed Tradable Mainland Consumption Index (the Underlying Index or CSI HKT Mainland Consumption ). As of 30 June 2015, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 1,500,000 units outstanding and total assets under management ( AUM ) of 12,257,956. ETFs 標智中證香港上市內地消費指數基金 ( 標智中證香港內地消費 或 子基金 ) 為一個指數追蹤交易所買賣基金, 旨在提供在扣除費用和收費之前與中證香港上市可交易內地消費指數 ( 相關指數 或 中證香港可交易內地消費 ) 之表現密切對應的投資回報 截至二零一五年六月卅日, 子基金的每單位資產淨值為 港元, 合共發行 1,500,000 個單位, 管理資產 ( AUM ) 規模總計為 12,257,956 港元 The WISE-CSIMLCT adopts a representative sampling strategy. A summary of the performance of the WISE- CSIMLCT is shown below. 標智中證內地消費採用代表性抽樣策略 標智中證內地消費的表現概述如下 Total Return (a) in YTD (f) (Annualized) (e) Since Inception (a) 年初至今 二零一四年 二零一三年 二零一二年 (f) 二零一一年 自成立以來 ( 年率化 ) (e) CSI HKT Mainland Consumption (b) 14.48% % 8.48% 10.42% % -1.33% (b) 中證香港可交易內地消費 WISE-CSIMLCT NAV-to-NAV (c) 11.99% % 7.48% 3.24% % -3.74% (c) 標智中證香港內地消費資產淨值對資產淨值 WISE-CSIMLCT Market-to-Market (d) 10.15% % 8.65% 2.05% % -4.12% (d) 標智中證香港內地消費市值對市值 as of 30 June 2015 (last dealing date of June, 2015) 截至二零一五年六月卅日 ( 二零一五年六月最後交易日 ) Past performance figures shown are not indicative of the future performance of the sub-fund. 過往的表現並不代表未來的表現 (a) (b) (c) (d) (e) (f) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. The index performance calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. Units in the sub-fund are issued and redeemed at NAV. The subfund performance is calculated on NAV-to-NAV basis with gross distribution reinvested. Market returns are calculated using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. This is the annualized return since the sub-fund inception. The sub-fund inception date is 7 January The performance shown for 2011 covers the period from the sub-fund inception date to the end of (a) (b) (c) (d) (e) (f) 全收益代表投資者賺取 ( 或損失 ) 回報率, 當中假設再投資所有股息及分派 按全收益基礎計算的指數表現反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 子基金的基金單位可按其資產淨值發行及贖回 子基金的表現按資產淨值對資產淨值計算, 總分派用作再投資 市值回報率按歷史收盤價計算, 並不代表閣下在其他時間買賣基金單位收取的回報 這是自子基金成立以來的年化回報率 子基金成立日期為二零一一年一月七日 二零一一年的表現包括自子基金成立日期至二零一一年底期間 Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd., Bloomberg 資料來源 : 中銀國際英國保誠資產管理有限公司 中證指數有限公司 彭博資訊 12

15 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs)(continued) ETFs Fund Activities As of 30 June 2015, there were 1,500,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 52 stocks. 截至二零一五年六月卅日, 子基金已發行基金單位為 1,500,000 個, 持有 52 隻股票 Pursuant to the Stamp Duty (Amendment) Ordinance 2015, stamp duty for any sale or purchase of ETF units and for any transfer of ETF units was waived with effect from 13 February 根據 2015 年印花稅 ( 修訂 ) 條例, 自二零一五年二月十三日起, 就買賣任何 ETF 單位及轉讓任何 ETF 單位獲豁免支付印花稅 With effect from 30 June 2015, the auditors of the Sub-Fund were changed to Ernst & Young. As a result, the information of the Auditors under the section headed PARTIES in the Prospectus of the Sub-Fund was amended. 由二零一五年六月卅日起, 子基金的核數師變更為安 永會計師事務所 因此, 子基金的基金認購章程 各方名錄 一節下的 核數師 資料作出修訂 Please refer to the corresponding public announcements on our company web-site ( for details. 詳情請參考本公司網站 ( 所載的相關公告 Index Activities The CSI Hong Kong Listed Tradable Mainland Consumption Index underwent a regular semi-annual review in the first half of In particular, the details of the index review are summarized in Figure 1. 於二零一五年上半年, 中證香港上市可交易內地消費指數經歷一次指數樣本定期審核 該次指數樣本定期審核概述於圖 1 Shanghai Stock Exchange and China Securities Index Co., Ltd. (CSI) decided to change the new free float methodology with effect from 11 March The new free float rules are listed as follows: 上海證券交易所和中證指數有限公司 (CSI) 決定, 由 二零一五年三月十一日起, 實施新的自由流通量計算 方法 新自由流通量規則具體如下 : The previous 10% threshold was increased to 15%, and if the Negotiable Market Cap Ratio was between 0% and 15%, the inclusion factor would be rounded up to the nearest percentage point. The rest of the free float methodology remained unchanged. 將原有的 10% 的低檔位結點提升至 15%, 如果自 由流通比例區間介乎 0 至 15%, 自由流通比例向上取 整 其他部分保持不變 Category-Weighted Chart after Adjustment 調整後的指數分級靠檔表 Negotiable Market Cap Ratio (%) 自由流通比例 (%) 15 (15, 20] (20, 30] (30, 40] (40, 50] (50, 60] (60, 70] (70, 80] >80 Inclusion Factor (%) 加權比例 (%) nearest higher percentage point 上調至最接近的整數值 Please refer to the corresponding announcements on the CSI web-site ( for details. 詳情請參考中證指數有限公司網站 ( 所載的相關公告 13

16 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND CONSUMPTION TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs)(continued) ETFs Index Activities (continued) Figure 1 Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 15-Jun-15 一五年六月十五日 0082.HK V1 Group Limited 第一視頻集團有限公司 0288.HK WH Group Limited 萬洲國際有限公司 15-Jun-15 一五年六月十五日 0829.HK Shenguan (Group) Limited 神冠控股 ( 集團 ) 有限公司 0308.HK China Travel International Investment Hong Kong Limited 香港中旅國際投資有限公司 15-Jun-15 一五年六月十五日 0891.HK Trinity Limited 利邦控股有限公司 1999.HK Man Wah Limited 敏華控股有限公司 15-Jun-15 一五年六月十五日 1259.HK China Child Care Corporation Limited 中國兒童護理有限公司 6808.HK Sun Art Retail Group Limited 高鑫零售有限公司 15-Jun-15 一五年六月十五日 1262.HK Labixiaoxin Snacks Group Limited 蠟筆小新休閒食品集團有限公司 15-Jun-15 一五年六月十五日 2678.HK Texhong Textile Group Limited 天虹紡織集團有限公司 15-Jun-15 一五年六月十五日 3389.HK Hengdeli Limited 亨得利控股有限公司 15-Jun-15 一五年六月十五日 3998.HK Bosideng International Limited 波司登國際控股有限公司 Source: China Securities Index Co., Ltd., HKEx 資料來源 : 中證指數有限公司, 香港交易所 14

17 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs) Fund Performance The W.I.S.E. - CSI HK Listed Mainland Real Estate Tracker ( WISE-CSIMLRET or the Sub-Fund ) is an index-tracking exchange traded fund which seeks to provide investment returns, before fees and expenses, that closely correspond to the performance of the CSI Hong Kong Listed Tradable Mainland Real Estate Index (the Underlying Index or CSI HKT Mainland Real Estate ). As of 30 June 2015, the net asset value ( NAV ) per unit of the Sub-Fund was with a total of 2,500,000 units outstanding and total assets under management ( AUM ) of 16,479,679. ETFs 標智中證香港上市內地地產指數基金 ( 標智中證香港內地地產 或 子基金 ) 為一個指數追蹤交易所買賣基金, 旨在提供在扣除費用和收費之前與中證香港上市可交易內地地產指數 ( 相關指數 或 中證香港可交易內地地產 ) 之表現密切對應的投資回報 截至二零一五年六月卅日, 子基金的每單位資產淨值為 港元, 合共發行 2,500,000 個單位, 管理資產 ( AUM ) 規模總計為 16,479,679 港元 The WISE-CSIMLRET adopts a representative sampling strategy. A summary of the performance of the WISE- CSIMLRET is shown below. 標智中證內地地產採用代表性抽樣策略 標智中證內地地產的表現概述如下 Total Return (a) in YTD (f) (Annualized) (e) Since Inception (a) 年初至今 二零一四年 二零一三年 二零一二年 (f) 二零一一年 自成立以來 ( 年率化 ) (e) CSI HKT Mainland Real Estate (b) 18.78% -3.15% -7.69% 73.89% % 4.64% (b) 中證香港可交易內地地產 WISE-CSIMLRET NAV-to-NAV (c) 17.20% -4.15% % 68.88% % 1.89% (c) 標智中證香港內地地產資產淨值對資產淨值 WISE-CSIMLRET Market-to-Market (d) 15.07% -4.00% -8.50% 49.57% % 1.39% (d) 標智中證香港內地地產市值對市值 as of 30 June 2015 (last dealing date of June, 2015) 截至二零一五年六月卅日 ( 二零一五年六月最後交易日 ) Past performance figures shown are not indicative of the future performance of the sub-fund. 過往的表現並不代表未來的表現 (a) (b) (c) (d) (e) (f) Total returns represent the rate that an investor would have earned (or lost) on an investment, assuming reinvestment of all dividends and distributions. The index performance calculated on a total return basis reflects returns due to both price changes and dividend income. An investor cannot invest directly in an index and the index performance returns do not reflect management fees, transaction costs or other expenses, which would reduce performance returns of the sub-fund. Units in the sub-fund are issued and redeemed at NAV. The subfund performance is calculated on NAV-to-NAV basis with gross distribution reinvested. Market returns are calculated using historical market closing prices, and do not represent the returns you would receive if you traded units at other times. This is the annualized return since the sub-fund inception. The sub-fund inception date is 7 January The performance shown for 2011 covers the period from the sub-fund inception date to the end of (a) (b) (c) (d) (e) (f) 全收益代表投資者賺取 ( 或損失 ) 回報率, 當中假設再投資所有股息及分派 按全收益基礎計算的指數表現反映因價格變動和股息收入而產生的收益 投資者不能直接投資於一個指數, 且指數的回報表現並不反映管理費用 交易成本或其他開支, 該等因素均會降低子基金回報的表現 子基金的基金單位可按其資產淨值發行及贖回 子基金的表現按資產淨值對資產淨值計算, 總分派用作再投資 市值回報率按歷史收盤價計算, 並不代表閣下在其他時間買賣基金單位收取的回報 這是自子基金成立以來的年化回報率 子基金成立日期為二零一一年一月七日 二零一一年的表現包括自子基金成立日期至二零一一年底期間 Source: BOCI-Prudential Asset Management Ltd., China Securities Index Co., Ltd., Bloomberg 資料來源 : 中銀國際英國保誠資產管理有限公司 中證指數有限公司 彭博資訊 15

18 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs)(continued) ETFs Fund Activities As of 30 June 2015, there were 2,500,000 units outstanding in the Sub-Fund and the Sub-Fund had exposure to 24 stocks. 截至二零一五年六月卅日, 子基金已發行的基金單位為 2,500,000 個, 持有 24 隻股票 Pursuant to the Stamp Duty (Amendment) Ordinance 2015, stamp duty for any sale or purchase of ETF units and for any transfer of ETF units was waived with effect from 13 February 根據 2015 年印花稅 ( 修訂 ) 條例, 自二零一五年二月十三日起, 就買賣任何 ETF 單位及或轉讓任何 ETF 單位獲豁免支付印花稅 With effect from 30 June 2015, the auditors of the Sub-Fund were changed to Ernst & Young. As a result, the information of the Auditors under the section headed PARTIES in the Prospectus of the Sub-Fund was amended. 由二零一五年六月卅日起, 子基金的核數師變更為安 永會計師事務所 因此, 子基金的基金認購章程 各方名錄 一節下的 核數師 資料作出修訂 Please refer to the corresponding public announcements on our company web-site ( for details. 詳情請參考本公司網站 ( 所載的相關公告 Index Activities The CSI Hong Kong Listed Tradable Mainland Real Estate Index underwent a regular semi-annual review in the first half of The details of the index review are summarized in Figure 1. 於二零一五年上半年, 中證香港上市可交易內地地產指數經歷一次指數樣本定期審核 該次指數樣本定期審核概述於圖 1 Shanghai Stock Exchange and China Securities Index Co., Ltd. (CSI) decided to change the new free float methodology with effect from 11 March The new free float rules are listed as follows: 上海證券交易所和中證指數有限公司 (CSI) 決定, 由 二零一五年三月十一日起, 實施新的自由流通量計算 方法 新自由流通量規則具體如下 : The previous 10% threshold was increased to 15%, and if the Negotiable Market Cap Ratio was between 0% and 15%, the inclusion factor would be rounded up to the nearest percentage point. The rest of the free float methodology remained unchanged. 將原有的 10% 的低檔位結點提升至 15%, 如果自由 流通比例區間介乎 0 至 15%, 自由流通比例向上取 整 其他部分保持不變 Category-Weighted Chart after Adjustment 調整後的指數分級靠檔表 Negotiable Market Cap Ratio (%) 自由流通比例 (%) 15 (15, 20] (20, 30] (30, 40] (40, 50] (50, 60] (60, 70] (70, 80] >80 Inclusion Factor (%) 加權比例 (%) nearest higher percentage point 上調至最接近的整數值 Please refer to the corresponding announcements on the CSI web-site ( for details. 詳情請參考中證指數有限公司網站 ( 所載的相關公告 16

19 REPORT OF THE MANAGER (continued) TO THE UNITHOLDERS OF W.I.S.E.-CSI HK LISTED MAINLAND REAL ESTATE TRACKER (SUB-FUND OF WORLD INDEX SHARES ETFs)(continued) ETFs Index Activities (continued) Figure 1 Deletion 1 Addition Effective Date Stock Code Stock Name Stock Code Stock Name 15-Jun HK New World China Land Limited 0754.HK Hopson Development Limited 一五年六月十五日 新世界中國地產有限公司 合生創展集團有限公司 15-Jun HK Yuzhou Properties Company Limited 一五年六月十五日 禹洲地產股份有限公司 Source: China Securities Index Co., Ltd., HKEx 資料來源 : 中證指數有限公司, 香港交易所 17

20 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE PERIOD FROM 1ST JANUARY 2015 TO 30TH JUNE 2015 自二零一五年一月一日起至二零一五年六月卅日止期間 W.I.S.E. CSI 300 China Tracker * (*This is a synthetic ETF) 300 * * to to INCOME 收入 Dividend income 股息收入 44,613, ,800,623 Interest income 利息收入 53, ,841 Other income 其他收入 44,667, ,096,464 EXPENSE 開支 Auditor s remuneration 核數師酬金 72, ,722 Legal & professional fee 法律及專業費用 Maintenance fee 存置費用 2,537,317 18,526,587 Management fee 管理費 38,332,295 75,944,722 Trustee fee 信託費 Custodian and bank charges 託管費及銀行手續費 781,232 1,561,261 Transaction costs on investments 投資交易成本 24,196,487 56,038,979 Transaction handling fee 交易手續費 177, ,635 Other expenses 其他開支 88,157, ,665, ,255, ,614,731 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 計及投資及外匯盈利 ( 虧損 ) 前之盈利 ( 虧損 ) 淨額 (109,588,026) (123,518,267) NET INVESTMENT AND EXCHANGE GAIN (LOSS) 投資淨額及外匯盈利 ( 虧損 ) Net exchange gain (loss) 外匯盈利 ( 虧損 ) 淨額 22,250 27,001 Realised gain (loss) on sale of investments 出售投資之已變現盈利 ( 虧損 ) 2,987,488, ,873,130 Unrealised appreciation (diminution) in value of investments 投資中之未變現增 ( 減 ) 值 (769,914,204) 2,570,879,958 PROFIT (LOSS) BEFORE TAXATION 除稅前溢利 ( 虧損 ) 2,108,008,825 2,973,261,822 Taxation 稅項 (4,727,986) (25,801,170) REPRESENTING PROFIT (LOSS) FOR THE PERIOD / YEAR AND TOTAL COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD / YEAR 代表期 年內溢利 ( 虧損 ) 及期 年內全面收益 ( 開支 ) 總額 2,103,280,839 2,947,460,652 18

21 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2015 TO 30TH JUNE 2015 (continued) 自二零一五年一月一日起至二零一五年六月卅日止期間 ( 續 ) to W.I.S.E. CSI HK 100 Tracker TM 100 TM to INCOME 收入 Dividend income 股息收入 8,922,083 9,608,064 Interest income 利息收入 Other income 其他收入 120 8,922,421 9,608,577 EXPENSE 開支 Auditor s remuneration 核數師酬金 Legal & professional fee 法律及專業費用 Maintenance fee 存置費用 Management fee 管理費 1,998,046 2,746,799 Trustee fee 信託費 Custodian and bank charges 託管費及銀行手續費 Transaction costs on investments 投資交易成本 Transaction handling fee 交易手續費 38,191 75,788 Other expenses 其他開支 2,036,237 2,822,587 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 計及投資及外匯盈利 ( 虧損 ) 前之盈利 ( 虧損 ) 淨額 6,886,184 6,785,990 NET INVESTMENT AND EXCHANGE GAIN (LOSS) 投資淨額及外匯盈利 ( 虧損 ) Net exchange gain (loss) 外匯盈利 ( 虧損 ) 淨額 (18) (127) Realised gain (loss) on sale of investments 出售投資之已變現盈利 ( 虧損 ) 15,620,497 8,214,888 Unrealised appreciation (diminution) in value of investments 投資中之未變現增 ( 減 ) 值 16,132, ,494 PROFIT (LOSS) BEFORE TAXATION 除稅前溢利 ( 虧損 ) 38,638,989 15,346,245 Taxation 稅項 REPRESENTING PROFIT (LOSS) FOR THE PERIOD / YEAR AND TOTAL COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD / YEAR 代表期 年內溢利 ( 虧損 ) 及期 年內全面收益 ( 開支 ) 總額 38,638,989 15,346,245 19

22 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2015 TO 30TH JUNE 2015 (continued) 自二零一五年一月一日起至二零一五年六月卅日止期間 ( 續 ) W.I.S.E. SSE 50 China Tracker to # to # INCOME 收入 Dividend income 股息收入 2,308,251 4,708,937 Interest income 利息收入 2,923 15,339 Other income 其他收入 2,311,174 4,724,276 EXPENSE 開支 Auditor s remuneration 核數師酬金 Legal & professional fee 法律及專業費用 414,560 Maintenance fee 存置費用 273, ,612 Management fee 管理費 1,197,864 1,309,630 Trustee fee 信託費 Custodian and bank charges 託管費及銀行手續費 Transaction costs on investments 投資交易成本 5,102, ,982 Transaction handling fee 交易手續費 90,000 50,100 Other expenses 其他開支 1,798,159 2,772,977 8,876,084 4,920,301 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 計及投資及外匯盈利 ( 虧損 ) 前之盈利 ( 虧損 ) 淨額 (6,564,910) (196,025) NET INVESTMENT AND EXCHANGE GAIN (LOSS) 投資淨額及外匯盈利 ( 虧損 ) Net exchange gain (loss) 外匯盈利 ( 虧損 ) 淨額 (424,780) (155,369) Realised gain (loss) on sale of investments 出售投資之已變現盈利 ( 虧損 ) 134,850,247 4,889,969 Unrealised appreciation (diminution) in value of investments 投資中之未變現增 ( 減 ) 值 (104,938,182) 79,690,612 PROFIT (LOSS) BEFORE TAXATION 除稅前溢利 ( 虧損 ) 22,922,375 84,229,187 Taxation 稅項 (238,514) (506,979) REPRESENTING PROFIT (LOSS) FOR THE PERIOD / YEAR AND TOTAL COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD / YEAR 代表期 年內溢利 ( 虧損 ) 及期 年內全面收益 ( 開支 ) 總額 22,683,861 83,722,208 # 29 June 2015 is the last dealing day of June 2015 二零一五年六月廿九日為二零一五年六月的最後交易日 20

23 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2015 TO 30TH JUNE 2015 (continued) 自二零一五年一月一日起至二零一五年六月卅日止期間 ( 續 ) W.I.S.E. CSI HK Listed Mainland Consumption Tracker to to INCOME 收入 Dividend income 股息收入 120, ,533 Interest income 利息收入 6 14 Other income 其他收入 120, ,547 EXPENSE 開支 Auditor s remuneration 核數師酬金 Legal & professional fee 法律及專業費用 7,824 Maintenance fee 存置費用 Management fee 管理費 30,345 60,222 Trustee fee 信託費 5,462 10,840 Custodian and bank charges 託管費及銀行手續費 1,372 3,354 Transaction costs on investments 投資交易成本 Transaction handling fee 交易手續費 14,735 8,140 Other expenses 其他開支 18,648 23,828 78, ,384 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 計及投資及外匯盈利 ( 虧損 ) 前之盈利 ( 虧損 ) 淨額 41, ,163 NET INVESTMENT AND EXCHANGE GAIN (LOSS) 投資淨額及外匯盈利 ( 虧損 ) Net exchange gain (loss) 外匯盈利 ( 虧損 ) 淨額 Realised gain (loss) on sale of investments 出售投資之已變現盈利 ( 虧損 ) (27,577) (264,638) Unrealised appreciation (diminution) in value of investments 投資中之未變現增 ( 減 ) 值 1,298,237 (1,823,928) PROFIT (LOSS) BEFORE TAXATION 除稅前溢利 ( 虧損 ) 1,312,614 (1,929,324) Taxation 稅項 REPRESENTING PROFIT (LOSS) FOR THE PERIOD / YEAR AND TOTAL COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD / YEAR 代表期 年內溢利 ( 虧損 ) 及期 年內全面收益 ( 開支 ) 總額 1,312,614 (1,929,324) 21

24 Sub-Funds of World Index Shares ETFs ETFs STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE PERIOD FROM 1ST JANUARY 2015 TO 30TH JUNE 2015 (continued) 自二零一五年一月一日起至二零一五年六月卅日止期間 ( 續 ) W.I.S.E. CSI HK Listed Mainland Real Estate Tracker to to INCOME 收入 Dividend income 股息收入 411,585 1,409,022 Interest income 利息收入 Other income 其他收入 411,607 1,409,104 EXPENSE 開支 Auditor s remuneration 核數師酬金 Legal & professional fee 法律及專業費用 7,824 Maintenance fee 存置費用 Management fee 管理費 38, ,393 Trustee fee 信託費 6,989 24,911 Custodian and bank charges 託管費及銀行手續費 1,593 9,105 Transaction costs on investments 投資交易成本 Transaction handling fee 交易手續費 7,940 11,630 Other expenses 其他開支 19,681 26,583 82, ,622 NET PROFIT (LOSS) BEFORE INVESTMENT AND EXCHANGE GAIN (LOSS) 計及投資及外匯盈利 ( 虧損 ) 前之盈利 ( 虧損 ) 淨額 328,750 1,198,482 NET INVESTMENT AND EXCHANGE GAIN (LOSS) 投資淨額及外匯盈利 ( 虧損 ) Net exchange gain (loss) 外匯盈利 ( 虧損 ) 淨額 (45) (17) Realised gain (loss) on sale of investments 出售投資之已變現盈利 ( 虧損 ) (416,970) (2,104,908) Unrealised appreciation (diminution) in value of investments 投資中之未變現增 ( 減 ) 值 2,506,129 (445,889) PROFIT (LOSS) BEFORE TAXATION 除稅前溢利 ( 虧損 ) 2,417,864 (1,352,332) Taxation 稅項 REPRESENTING PROFIT (LOSS) FOR THE PERIOD / YEAR AND TOTAL COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD / YEAR 代表期 年內溢利 ( 虧損 ) 及期 年內全面收益 ( 開支 ) 總額 2,417,864 (1,352,332) 22