2005
2006 3 24
... 1... 2... 4... 4... 5... 5... 6... 6... 7... 7... 9... 9... 12... 21... 25... 26... 26... 28
1 2 3: 519005 4 5 2005 7 29 6 1,054,120,932.79 7 8 9 1 2 3 80 20 4 1 2 88 37 3 88 37 4: 200121 5 http://www.hftfund.com 6 7 8 9 021-50471758-591 10 021-50479057 11 wrxi@hftfund.com 1 2 1 3 1 4: 100818 5 http://www.bank-of-china.com 1
6 7 8 9 10 1 2 01066594977 01066594942 tgxxpl@bank-of-china.com http://www.hftfund.com 202 11 27 23 2005 1 () 1,200,650.76 2 () 0.0015 3 () -5,283,845.83 4 () -0.0050 5 () 1,048,837,086.96 6 () 0.995 7 0.15% 8-0.50% 9-0.50% 2005 7 29 2006 2005 7 29 2005 12 31 1 2
1 2 3 4 (1)(3) (2)(4) -3.12% 0.74% 0.48% 0.73% -3.60 0.01% -0.50% 0.69% 5.85% 0.88% -6.35% -0.19% 2 2005 7 29 2005 12 31 1 2005 7 29 2005 2 6 3
3 2005 7 29 12 31 10 2005 [2003]48 2003 4 1 4
2003 2005 7 CFA MBA Donier International Robert W. Baird 2003 7 2004 4 2005 4 2005 7 2005 A 2005 105 2005 2005 12 2005 A QFII A 2005 A 2005 7 4 2005 2006, 0.5%, 5.85%, -6.35% 5
2006 4 3-4 2006 1. 2005 QFII A 2. 3G, 3. 2005 2005 2006 2006 2006 2006 2006 2005 6
2005 7 29 2 <> 1 1 2 3 2 2005 1 7
2 3 3 2006 3 24 (2006) 157 ()2005 12 31 2005 7 29 () 2005 12 31 2005 12 31 2005 7 29 () 2005 12 31 2006 2 28 8
2005 12 31 113,490,224.92 866,190.19 10 420,035.35 4,775,833.79 1 46,393.70 266,060.13 887,519,017.45 888,578,382.82 6,000,000.00 6,000,000.00 0.00 0.00 44,200,000.00 1,057,583,755.53 3,189,531.00 3,154,151.37 8,296.26 1,244,196.43 207,366.08 3 498,526.72 4 250,000.00 5 194,600.71 8,746,668.57 6 1,054,120,932.79 2 (6,248,477.15) 9
964,631.32 1,048,837,086.96 (2005 0.995 ) 1,057,583,755.53 2005 7 29 () 2005 12 31 7 1,445,481.13 4,203,073.40 684,913.96 677,485.04 9,370.84 8 190,552.61 7,210,876.98 (4,983,550.45) (830,591.80) 9 (196,083.97) (136,100.71) (58,500.00) (6,010,226.22) 1,200,650.76 /() 2 (1,059,365.37) 141,285.39 1,200,650.76 10
(458,106.52) 222,087.08 964,631.32-964,631.32 2005 7 29 () 2005 12 31 419,612,160.22 1,200,650.76 /() (1,059,365.37) 141,285.39 846,985,266.68 - (217,901,625.33) 629,083,641.35-1,048,837,086.96 11
()( )[2005]85 419,517,490.36 (2005) 107 2005 7 29 419,612,160.22 94,669.86 70%-95% 5% () () 1 1 12 31 2005 7 29 () 2005 12 31 () () 12
() (i) (ii) (iii) () (iv) /() (v) () (i) /() (ii) (iii) () 13
() /() /() () 1.5% 0.25% () 50% () 1.00 () /() /()/()/() /() /()/() 14
() /( ) /() () () () [2002]128 [2004]78[2005]11 ()[2005]102 [2005]103 a b 2004 1 1 c 2005 6 13 50% 20% d 2005 1 24 0.2% 2005 1 24 0.1% e 2006 2 15 2006 1 2006 2 15 10 0.25 (a) 15
() () (Fortis Investment Management S.A.) (b) 2005 7 29 () 2005 12 31 440,832,070.80 33.49% 365,361.65 34.11% (c) 1.5% X 1.5% / 4,983,550.45 (d) 0.25% X 0.25% / 830,591.80 (e) 16
2005 12 31 113,490,224.92 671,368.37 (f) 1 2005 12 31 36,570.76 9,370.84 389.80 62.30 46,393.70 2 /() /() (1,059,365.37) - (1,059,365.37) - (2,569,991.14) (2,569,991.14) - (2,619,120.64) (2,619,120.64) 2005 12 31 (1,059,365.37) (5,189,111.78) (6,248,477.15) 3 2005 12 31 215,084.65 140,622.35 73,760.83 69,058.89 498,526.72 4 2005 12 31 5 17
2005 12 31 136,100.71 58,500.00 194,600.71 6 (a) 419,517,490.36 419,517,490.36 (a) 94,669.86 94,669.86 419,612,160.22 419,612,160.22 (b) 850,013,364.34 850,013,364.34 (b) (215,504,591.77) (215,504,591.77) 2005 12 31 1,054,120,932.79 1,054,120,932.79 (a) 2005 6 10 2005 7 22 419,517,490.36 94,669.86 94,669.86 (b) 2005 7 29 () 2005 8 2 2005 8 3 2005 9 12 7 2005 7 29 () 2005 12 31 215,755,223.47 (181,930.56) (214,127,811.78) 1,445,481.13 8 18
2005 7 29 () 2005 12 31 (a) 171,358.04 (b) 19,188.50 6.07 190,552.61 (a) 25% (b) 25% 9 2005 7 29 () 2005 12 31 136,100.71 58,500.00 1,483.26 196,083.97 10 2005 12 31 281,486.23 138,549.12 420,035.35 (a) 2005 12 31 19
600036 000826 600787 600754 600880 000806 05/12/19 6.58 06/01/04 7.23 2,569,690 16,291,783.94 16,908,560.20 05/12/05 4.24 06/01/04 4.66 2,561,638 9,932,704.09 10,861,345.12 05/12/19 3.76 06/01/10 3.15 8,624,701 34,999,286.76 32,428,875.76 05/12/06 7.90 06/01/23 7.20 1,923,159 15,268,966.32 15,192,956.10 05/12/21 12.06 06/01/18 10.90 53,149 607,373.45 640,976.94 05/12/01 4.00 06/01/09 2.80 84,900 336,025.73 339,600.00 77,436,140.29 76,372,314.12 (b), 2005 12 31 05 05/12/ 058036 28 06/01/11 06/01/11 100.00 100.00 60,000 6,000,000.00 6,000,000.00 20
887,519,017.45 83.92% 6,000,000.00 0.57% 114,356,415.11 10.81% 4,775,833.79 0.45% 0.00 0.00% 44,932,489.18 4.25% 1,057,583,755.53 100.00% A 0.00 0.00% B 101,786,667.48 9.71% C 350,022,553.77 33.37% C0 111,463,784.90 10.63% C1 0.00 0.00% C2 0.00 0.00% C3 0.00 0.00% C4 33,381,547.14 3.18% C5 0.00 0.00% C6 10,712,000.00 1.02% C7 82,947,094.98 7.91% C8 111,518,126.75 10.63% C99 0.00 0.00% D 22,510,068.00 2.15% E 0.00 0.00% F 164,349,089.86 15.67% G 53,288,859.74 5.08% H 59,496,982.32 5.67% I 31,760,754.70 3.03% J 21,645,871.64 2.06% K 62,539,785.75 5.96% L 640,976.94 0.06% M 19,477,407.25 1.86% 887,519,017.45 84.62% 21
() % 1 600519 1,162,295 53,023,897.90 5.06% 2 600583 2,000,763 51,459,624.36 4.91% 3 000858 6,834,596 49,619,166.96 4.73% 4 600406 3,117,511 47,822,618.74 4.56% 5 000538 2,032,563 42,074,054.10 4.01% 6 600761 G 6,455,635 35,570,548.85 3.39% 7 600628 5,090,247 32,628,483.27 3.11% 8 600787 8,624,701 32,428,875.76 3.09% 9 600125 4,273,763 28,805,162.62 2.75% 10 600033 3,788,382 27,730,956.24 2.64% 11 600276 1,847,617 27,252,350.75 2.60% 12 600361 G 2,861,395 26,868,499.05 2.56% 13 000900 2,997,145 26,524,733.25 2.53% 14 600008 4,500,000 25,155,000.00 2.40% 15 600900 G 3,252,900 22,510,068.00 2.15% 16 000002 G 5,022,244 21,645,871.64 2.06% 17 600521 G 2,091,933 20,417,266.08 1.95% 18 600811 5,249,975 19,477,407.25 1.86% 19 600009 1,346,221 19,412,506.82 1.85% 20 600018 G 1,703,282 19,264,119.42 1.84% 21 600123 1,681,579 18,968,211.12 1.81% 22 000792 1,625,000 18,785,000.00 1.79% 23 600348 G 2,000,000 18,240,000.00 1.74% 24 600036 2,569,690 16,908,560.20 1.61% 25 600875 1,285,279 15,950,312.39 1.52% 26 600754 1,923,159 15,192,956.10 1.45% 27 600000 1,523,302 14,852,194.50 1.42% 28 600085 G 1,048,050 14,578,375.50 1.39% 29 000400 G 3,068,242 13,807,089.00 1.32% 30 600028 2,815,200 13,118,832.00 1.25% 31 600580 G 2,014,585 12,409,843.60 1.18% 32 000978 1,889,891 11,622,829.65 1.11% 33 000826 2,561,638 10,861,345.12 1.04% 34 600019 G 2,600,000 10,712,000.00 1.02% 35 000888 1,950,000 10,569,000.00 1.01% 36 600897 1,234,271 10,182,735.75 0.97% 37 600059 1,382,558 8,820,720.04 0.84% 22
38 002007 681,447 7,196,080.32 0.69% 39 000602 G 993,862 5,466,241.00 0.52% 40 002028 G 360,986 4,869,701.14 0.46% 41 600688 893,589 3,735,202.02 0.36% 42 600880 53,149 640,976.94 0.06% 43 000806 84,900 339,600.00 0.03% 887,519,017.45 84.62% () 2 20 1 600519 54,314,580.12 5.18% 2 000858 50,558,350.93 4.82% 3 600583 49,226,142.51 4.69% 4 600406 42,541,994.72 4.06% 5 600361 G 41,046,892.67 3.91% 6 000900 38,675,715.67 3.69% 7 000538 38,474,966.53 3.67% 8 600628 35,844,055.44 3.42% 9 600787 34,999,286.76 3.34% 10 600033 34,544,571.93 3.29% 11 600761 G 33,398,251.51 3.18% 12 600008 31,861,699.16 3.04% 13 000792 30,330,569.18 2.89% 14 600348 G 28,836,327.22 2.75% 15 600521 G 28,293,875.21 2.70% 16 600276 27,813,016.43 2.65% 17 600125 26,903,975.32 2.57% 18 600900 G 24,911,605.71 2.38% 19 600811 23,946,114.10 2.28% 20 600009 22,021,114.99 2.10% 21 600085 G 21,813,169.49 2.08% 2 20 1 600428 G 20,035,183.07 1.91% 2 600005 G 17,967,889.51 1.71% 23
3 600348 G 15,637,961.55 1.49% 4 600361 G 15,294,690.22 1.46% 5 600096 13,506,751.64 1.29% 6 600037 12,809,406.22 1.22% 7 000792 12,695,148.03 1.21% 8 600008 11,717,417.14 1.12% 9 600717 G 10,016,115.77 0.95% 10 000630 G 9,125,554.39 0.87% 11 600963 G 6,770,247.68 0.65% 12 000888 6,281,588.31 0.60% 13 600085 G 5,515,369.49 0.53% 14 600216 4,810,436.81 0.46% 15 600059 4,767,398.08 0.45% 16 600642 G 4,655,247.66 0.44% 17 600754 4,492,353.24 0.43% 18 600628 4,212,544.26 0.40% 19 000739 3,840,972.25 0.37% 20 000900 3,697,438.10 0.35% 1,102,706,194.60 1,445,481.13 1 6,000,000.00 100.00% 6,000,000.00 100.00% 1 05 6,000,000.00 0.57% 24
1 2 3 420,035.35 46,393.70 266,060.13 44,200,000.00 44,932,489.18 4 5. () 1 580001 JTB1 1,250,000.00 0.00 0.00 2 580999 JTP1 1,250,000.00 0.00 0.00 8,684 121,386.57 1,054,120,932.79 100% 591,563,981.99 56.12% 462,556,950.80 43.88% 25
419,612,160.22 419,612,160.22 850,013,364.34 215,504,591.77 1,054,120,932.79 2005 10 14 Mr. Dennis Ziengs 2005 2005 4 21 58,500 1 1 440,832,070.80 33.49% - - 2 1 316,052,022.61 24.01% - - 26
3 1 475,371,053.13 36.11% - - 4 1 84,217,734.45 6.40% - - 1,316,472,880.99 100.00% - - 1 - - 4,207,280.68 100.00% 365,361.65 34.11% 2 - - - - 247,313.84 23.09% 3 44,200,000.00 100.00% - - 389,358.26 36.35% 4 - - - - 69,058.89 6.45% 44,200,000.00 100.00% 4,207,280.68 100.00% 1,071,092.64 100.00% 1 2 <1> 200 <2> <3> <1> 2005 6 7 <2> 2005 6 29 7 18 7 30 <3> 2005 7 7 <4> 2005 7 30 2005 7 29 <5> 2005 8 24 27
<6> 2005 9 1 <7> 2005 9 7 <8> 2005 10 28 <9> 2005 11 18 88 37 021-3878485840088-40099 www.hftfund.com 28