2009 2009 12 31 2010 3 31 1
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377020 377020 2007 4 13 9,259,702,774.17 1 2 4
300 80% 20% 021-38794999 010-66105799 peter.zhu@jpmf-siti custody@icbc.com.cn co.com 400-889-4888 95588 021-38794888 021-68881170 010-66105798 99 20 55 99 20 55 200120 100140 www.51fund.com 99 20 5
1. 2. 6 14.17% 1.46% 15.30% 1.41% -1.13% 0.05% 13.13% 1.72% 10.51% 1.70% 2.62% 0.02% 72.62% 1.65% 77.54% 1.64% -4.92% 0.01% - - - - - - - - - - - - 39.13% 1.79% 11.99% 2.03% 27.14% -0.24%
7
2008 2004 5 12 2007 10 8 2.5 2009 12 2004 9 15 1,669,305,034.88 2005 4 13 991,360,522.73 2005 10 11 767,620,088.15 2006 04 26 6,435,738,977.50 2006 09 20 5,480,692,618.04 2007 04 13 9,884,799,607.98 2007 10 22 29,572,160,439.53 2008 5 21 1,423,318,139.20 2009 1 21 826,057,598.05 2009 6 24 1,801,237,418.78 A 423,047,194.30 B 1,378,190,224.48 2008-9-27-11 8
2007 4 2008 4 2008 5 2009 4 9
, 2009 A 2008 10
A2009 A 1 2 3 4 5, 11
12
() 2009 12 31 2009 () (1) (2) (3) 2009 12 31 2009 2010 3 30 13
2009 12 31 14
2009 12 31 1.2760 9,259,702,774.17 2009 1 1 2009 12 31 15
2009 1 1 2009 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 16
17
18
19
20
21
2009 12 31 22
23
2009 1 1 2009 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 24
2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 25
2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 26
2009 1 1 2009 12 31 2008 1 1 2008 12 31 () () () J.P. Morgan Investment Management Limited J.P. Morgan Asset Management (London) Limited J.P. Morgan 8CS Investments (GP) Limited (2009 10 27 J.P.Morgan Asset Management Real Estate Advisers Limited) ( ) ( ) ( ) 27
2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 28
2009 1 1 2009 12 31 2008 1 1 2008 12 31 2009 1 1 2009 12 31 2008 1 1 2008 12 31 29
09/10/15 10/02/01 09/10/19 10/02/01 30
31
2009 12 31 3 3 1 1 5 5 974,328,279.44 - - - - 974,328,279.44 55,586,542.48 - - - - 55,586,542.48 - - - - 17,657,811.84 17,657,811.84 49,835,000.00 245,675,000102,680,000.00-10,650,716,190.33 11,048,906,190.33 - - - - 5,822,196.25 5,822,196.25 26,816.98 - - - 105,272,118.10 105,298,935.08 1,079,776,638.90 245,675,000102,680,000.00-10,779,468,316.52 12,207,599,955.42 - - - - 275,866,839.88 275,866,839.88 - - - - 73,987,437.59 73,987,437.59 - - - - 14,809,994.15 14,809,994.15 - - - - 2,468,332.34 2,468,332.34 - - - - 23,770,999.06 23,770,999.06 - - - - 1,057,761.47 1,057,761.47 - - - - 391,961,364.49 391,961,364.49 1,079,776,638.90 245,675,000102,680,000.00-10,387,506,952.03 11,815,638,590.93 3 3 1 1 5 5 32
2008 12 31 655,697,121.97 - - - - 655,697,121.97 11,213,243.43 - - - - 11,213,243.43 - - - - 1,647,652.90 1,647,652.90 163,819,000.00465,119,500.00 294,536,331.71 166,850,810.00 6,581,444,888.87 7,671,770,530.58 - - - - 77,804,985.15 77,804,985.15 - - - - 14,202,643.40 14,202,643.40 2,036,061.57 - - - 1,324,431.98 3,360,493.55 832,765,426.97465,119,500.00 294,536,331.71 166,850,810.00 6,676,424,602.30 8,435,696,670.98 - - - - 8,675,883.83 8,675,883.83 - - - - 4,952,424.53 4,952,424.53 - - - - 10,737,810.68 10,737,810.68 - - - - 1,789,635.12 1,789,635.12 - - - - 5,125,704.36 5,125,704.36 - - - - 673,699.48 673,699.48 - - - - 31,955,158.00 31,955,158.00 832,765,426.97465,119,500.00 294,536,331.71 166,850,810.00 6,644,469,444.30 8,403,741,512.98 33
60%-95% 0-40% VaR(Value at Risk) 2009 12 31 2008 12 31 300 () 2009 12 31 2008 12 31 1. 300 5% 2. 300 5% 34
35
36
37
2% 20 38
39
40
41
42
43
2009 2 28 2009 5 20 20091031 44
45
1. 000709 2009 1 5 2. 000792 2009 1 6 3. 000792 2009 1 9 46
4. 2009 2 6 5. 2009 2 28 6. 7. 8. 9. 10. 11. 2009 4 9 2009 5 20 2009 7 6 2009 9 23 2009 10 31 1 2 3 4 5 6 www.51fund.com 47