JF ( JF ) JF ( JF ) 3~4 ( ) ( ) ( ) ( ) ( ) ( ) 12 15 16 17 ( ) ( h t t p :// m o p s. t w s e. c o m. t w (http://www.jpmrich.com.tw)
www.jpmrich.com.tw 65 17 (02) 2755-8686 (02) 2702-4699 285 25 (02) 2252-2665 (02) 2251-4125 1125 10 A (03) 262-2888 (03) 262-2168 386 25 1 (04) 2258-8128 (04) 2258-8148 307 17 1 (06) 241-0888 (06) 228-5567 6 26 2 (07) 335-1799 (07) 335-6880 service.jpmrich@jpmorgam.com (02) 2755-8686 www.cathybk.com.tw 7 1 (02) 8722-6666 ( ) ( ) ( ) ( ) ( ) ( ) www.pwc.com/tw 333 27 (02) 2729-6666 ( )
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( ) ( ) (3) ( ) (4) ( ) 2. 2010~ 2009~ 2008~ 2008~ JF JF JF 2011.04~2011.05 JF 2011.04~2011.05 JF 2006~2010 JF 2006~2010 JF 2005~2009 JF 2002~2005 JF ( ) 2001~2002 2000~2001 1998~2000 1996~1998 J F JF 2010~ 3. ( 1 ) 11
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( ) 1. JF 100 9 30 ( ) (%) $ 2,013.706 96.17 0.080 0.00 $ 2,013.786 96.17 $ 94.570 4.52 ( ) ( 14.573) ( 0.690) ( ) $ 2,093.783 100.00 27
2. JF 100 9 30 ( ( ) ( ) ) (%) TPK Hldgs Co 2,082.000 32.90 68.498 3.27 1,039.300 31.95 33.206 1.59 1,045.000 81.70 85.377 4.08 904.800 33.05 29.904 1.43 1,093.000 79.60 87.003 4.16 1,295.000 16.55 21.432 1.02 916.000 47.80 43.785 2.09 834.000 37.60 31.358 1.50 928.000 64.10 59.485 2.84 795.000 57.70 45.872 2.19 1,521.000 26.15 39.774 1.90 1,735.000 26.50 45.978 2.20 2,733.000 70.00 191.310 9.14 241.480 231.00 55.782 2.66 532.000 51.90 27.611 1.32 465.000 337.50 156.938 7.50 344.000 179.00 61.576 2.94 194.270 685.00 133.075 6.36 918.000 44.75 41.081 1.96 1,676.964 29.25 49.051 2.34 1,389.818 32.10 44.613 2.13 2,069.328 15.10 31.247 1.49 3,868.140 21.35 82.585 3.94 2,534.752 18.20 46.132 2.20 3,467.022 19.80 68.647 3.28 812.119 40.20 32.647 1.56 371.000 173.50 64.369 3.07 77.000 717.00 55.209 2.64 327.000 100.50 32.864 1.57 153.650 577.00 88.656 4.23 488.210 87.20 42.572 2.03 325.000 83.90 27.268 1.30 320.000 67.90 21.728 1.04 1% 28
( ) 99 2 2 100 9 30 1. ( ) JF 2. 3. 90 91 92 93 94 95 96 97 98 99 % N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 4. ( ) % -11.66-9.26-0.93 N/A N/A N/A 6.80 ( ) (99 2 2 ) ( ) 95 96 97 98 99 N/A N/A N/A N/A 3.74% ( ) 29
( ) 1. JF 99 2 2 ( ) 12 31 10002189 JF J F 99 1 2 3 1 99 2 2 ( ) 1 2 3 1 J F 99 1 2 3 1 99 2 2 ( ) 1 2 3 1 (78) ( ) 28496 (84) ( ) 13377 100 2 11 30
2. JF 99 12 31 ( 99 12 31 % $1,017,711,006) $ 1,142,998,826 92.02 ( $64,366,214) 67,427,200 5.43 30,811,202 2.48 23,861,706 1.92 22,398,907 1.80 787 1,287,498,628 103.65 ( 39,015,547) ( 3.14) ( 4,330,937) ( 0.35) ( ) ( 1,647,636) ( 0.13) ( ) ( 154,465) ( 0.01) ( ) ( 191,692) ( 0.02) ( 78) ( 45,340,355) ( 3.65) $ 1,242,158,273 100.00 105,340,560.5 $ 11.79 31
3. JF 99 12 31 99 12 31 99 12 31 99 12 31 $ 31,357 458,200 0.04 53,060 511,260 0.04 68,740,000 0.01 5.53 46,215,000 0.01 3.72 24,572,600 1.98 139,527,600 11.23 24,636,768 0.01 1.98 10,560,000 0.22 0.85 12,757,500 0.03 1.03 11,784,700 0.01 0.95 17,661,000 0.04 1.42 29,445,700 2.37 11,050,000 0.05 0.89 7,445,060 0.03 0.60 11,745 9,840 18,516,645 1.49 35,026,800 0.04 2.82 16,695,750 0.02 1.34 15,566,400 0.01 1.25 6,269,400 0.01 0.51 73,558,350 5.92 15,376,800 0.04 1.24 32
99 12 31 99 12 31 99 12 31 $ 5,616,000 0.03 0.45 20,992,800 1.69 51,417,750 0.03 4.14 43,848,700 0.03 3.53 34,465,500 0.06 2.78 22,273,028 0.02 1.79 19,036,520 0.01 1.53 12,818,400 0.01 1.03 12,350,000 0.03 0.99 6,446,000 0.06 0.52 5,985,600 0.02 0.48 4,545,450 0.02 0.37 4,432,200 0.02 0.36 23,265 15,180 12,498 217,670,091 17.52 21,385,500 0.02 1.72 12,389,813 0.02 1.00 463,710 0.04 34,239,023 2.76 10,900,000 0.01 0.88 5,299,788 0.06 0.43 2,927,400 0.06 0.24 8,227,188 0.67 48,600,000 0.02 3.91 38,709,000 0.09 3.12 10,576,400 0.09 0.85 7,384,800 0.01 0.60 KY 5,620,000 0.45 110,890,200 8.93 25,920,000 0.04 2.09 11,928,429 0.96 33
99 12 31 99 12 31 99 12 31 $ 11,924,850 0.01 0.96 49,773,279 4.01 50,750,000 0.05 4.09 TPK Hldgs Co. 34,840,000 0.02 2.80 85,590,000 6.89 59,760,000 0.01 4.81 18,228,600 1.47 77,988,600 6.28 38,190,000 0.01 3.07 24,198,000 0.31 1.95 24,083,200 0.03 1.94 86,471,200 6.96 41,868 19,649 61,517 104,228,000 0.01 8.39 25,737,200 2.07 129,965,200 10.46 414,960 0.04 269,588 0.02 684,548 0.06 1,142,998,826 92.02 16,017,300 0.03 1.29 6,936,000 0.04 0.56 11,757,900 0.08 0.94 7,912,000 0.14 0.64 19,669,900 1.58 24,804,000 0.05 2.00 67,427,200 5.43 34
99 12 31 99 12 31 99 12 31 $ 1,210,426,026 97.45 30,811,202 2.48 921,045 0.07 $ 1,242,158,273 100.00 0.01% 35
4. JF 99 2 2 ( ) 12 31 9 9 2 2 ( ) 12 31 % $ 178,154 0.01 49,260,754 3.97 3,889 49,442,797 3.98 ( ) ( 20,087,632) ( 1.62) ( ) ( 1,883,225) ( 0.15) ( ) ( 17,796) ( 2,818) ( 21,991,471) ( 1.77) 27,451,326 2.21 ( ) 3,175,400,152 255.64 ( ) ( 2,190,331,429) (176.33) 101,289,418 8.15 128,348,806 10.33 $ 1,242,158,273 100.00 36
37 5. JF 99 12 31 J F ( ) ( ) 9 9 2 ( ) ( ) ( ) 1. ( ) 2.
99 ( ) ( ) ( ) ( ) 1. 9 9 2 2 ( ) 1 2 3 1 $ 20,087,632 2. 9 9 2 2 ( ) 1 2 3 1 $ 378,435 3. 99 12 31 $ 1,647,636 4. 99 12 31 $ 191,692 1. 6 % 0. 15 % ( ) ( 81 ) 811663751 ( 91 ) 0910455815 38
( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 99 12 31 39
( ) JF ( ) ( ) ) (%) 99 CSFB 1,473,725 1,473,725 1,170 Citigroup 1,237,103 1,237,103 962 Merrill Lync 1,015,377 1,015,377 1,064 Nomura 941,496 941,496 568 BNP PARIBAS 851,748 851,748 768 100 1~9 UBS 758,932 758,932 701 CLSA 651,005 651,005 477 Citigroup 613,356 613,356 475 HSBC 541,150 541,150 505 CSFB 525,364 525,364 391 ( ) ( ) 40
3 ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. 7. 8. ( 1 ) (2) ( 3 ) ( 4 ) (5) ( 6 ) ( 7 ) 9. ( ) ( ) 17~19 41
42 3 19 ( ) ( ) J F JF ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. ( ) 7. ( ) 21~24 21~24 7~9 9~10 3~4 ( ) 19~21
( ) ( ) 1. 2. ( 1 ) ( ) 1. 2. ( ) ( ) 1. 2. 3. 4. ( ) ( ) ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. ( ) 43
( ) ( ) ( ) ( ) 1. 2. 3. 4. 5. 6. 7. 8. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 44
45 ( ) ( ) 1. 2. 3. 4. 5. ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 24 25~26 ( )
( ) ( ) 100 9 30 81.9 10 30,000,000 300,000,000 30,000,000 300,000,000 ( ) 1. 2. 3. ( ) 1. 100 9 30 95 04 04 95 07 25 JF 1,183,649,483 35 6,646,641,674 96 04 03 1,070,442,425 96 08 20 JF 1,262,457,420 97 01 25 2,416,220,661 97 06 25 97 09 22 97 09 22 98 08 26 98 12 01 99 02 02 JF 2,225,039,773 JF JF 1,678,969,111 JF JF648,716,418 G2 1,211,412,490 JF 5,129,087,613 JF 2,093,782,619 99 07 20 2,483,570,838 99 12 20 3,536,447,863 100 04 27 100 04 27 100 04 27 100 09 29 100 09 29 2,084,775,274 3,440,779,256 1,019,334,302 1,219,340,844 2,419,914,311 46
2. 3. (1)85.11.23. 1,500,000 (2)86.04.17. 7, 5 0 0, 0 0 0 (3)86.06.11. 7, 2 0 0, 0 0 0 (4)86.06.11. 875, 000 (5)87.03.25 (6)87.04.23 (7)87.06.05 (8)87.06.10 (9)87.06.12 (10)87.09.30 (11)89.08.24 (12)89.08.25 (13)89.09.13 (14)90.05.30 3, 0 0 0, 0 0 0 1, 5 0 0, 0 0 0 13 2 4 0, 0 0 0 3 40, 000 15, 000 3, 000, 000 23, 370, 000 1, 500, 000 3,600,000 1, 000 JF ASEAN MANAGEMENT LIMITED 47
(15)90.05.30 (16)90.05.30 (17)90.05.30 (18)90.05.30 (19)90.05.30 (20)91.05.06 (21)94.05.05 (22)98.01.16 1, 000 JF UNIT TRUST MANAGEMENT LIMITED 7, 000 JF INVESTOR SERVICES LIMITED 1, 000 JFIM (KOREA) LIMITED 10, 000 JF ASSET MANAGEMENT INTERNAT I O N A L LIMITED 10, 000 JF ASSET MANAGEMENT LIMITED JF UNIT TRUST MANAGEMENT L I M I T E D 1, 000 J F ASSET MANAGEMENT INTERNATIONAL LIMITED JF Funds Limited JF Asset Management Limited 10,000 JF Asset Management International Limited 11,000 JFIM (KOREA) Limited 1,000 JF Investor Services Limited 7,000 JF Asean Management Limited 1,000 JPMorgan Funds (Asia) Limited JPMorgan Asset Management (Asia) Inc. 4. ( ) 1. 2. 100 9 30 0 0 0 1 0 1 0 0 0 30,000 0 30,000 % 0 0 0 100 0 100 100 9 30 JPMorgan Asset Management (Asia) Inc. 30,000 100% 48
49 ( ) 1. 100 9 30 (10 ) (6 ) (14 ) (4 ) (12 ) (10 ) (83 ) (7 ) (33 ) (4 ) (4 ) (4 ) (18 ) (11 ) (1 )
2. ( 1 ) (2) (3) (4) (5) (6) (7) (8) (9) (10) ( 11 ) ( 1 2 ) (13) (14) ( 1 5 ) 50
( ) ( ) 100 9 30 ( ) (%) 99/01/25 EMBA 96/02/01 98/02/01 94/02/01 51
( ) ( ) 100 9 30 52
( ) ( ) ( ) 100 9 30 JPMorgan Asset Management (Asia) Inc. JF Asset Management Limited JPMorgan Funds (Asia) Limited 5% ( ) 100 9 30 ( ) ( ) ( ) JF 82.03.04 124,945.0 1,062,229 8.50 JF 83.04.07 77,020.7 2,332,132 30.28 JF 84.01.21 79,677.3 1,127,017 14.14 JF 84.03.23 168,095.5 5,146,024 30.61 JF 84.06.15 625,678.9 9,932,967 15.8755 JF JF 84.10.18 199,303.2 6,269,867 31.46 JF 85.10.15 402,553.9 5,890,054 14.6317 JF JF 86.01.29 480,481.6 8,625,402 17.95 JF 86.09.08 169,860.8 2,937,304 17.29 87.06.01 280,567.3 2,872,244 10.24 JF 87.08.19 122,454.8 2,217,369 18.11 JF 88.10.20 68,337.2 841,892 12.32 89.06.08 161,991.5 524,497 3.24 JF 89.09.28 203,236.1 4,174,571 20.54 JF 92.07.07 226,692.0 2,472,928 10.9088 92.12.09 224,678.2 3,291,919 14.6517 JF 93.03.10 70,088.9 1,195,352 17.08 93.11.12 136,919.7 1,325,915 9.68 JF 94.05.23 84,842.0 862,751 10.1689 94.12.22 38,675.1 399,774 10.3367 94.12.22 16,047.0 160,605 10.0084 JF 95.04.04 167,301.9 1,183,649 7.07 35 95.07.25 688,873.6 6,646,641 9.65 96.04.03 156,571.7 1,070,442 6.84 JF 96.08.20 168,003.2 1,262,457 7.51 97.01.25 350,075.2 2,416,220 6.90 JF 97.06.25 229,291.2 2,225,039 9.70 JF JF 97.09.22 140,436.7 1,678,969 11.96 JF JF 97.09.22 58,463.4 648,716 11.10 G2 98.08.26 157,921.9 1,211,412 7.67 JF 98.12.01 719,769.2 5,129,087 7.13 JF 99.02.02 196,053.4 2,093,782 10.68 99.07.20 294,017.7 2,483,570 8.45 99.12.20 362,902.8 3,536,447 9.7449 53
( ) 100.04.27 277,379.9 2,084,775 7.52 100.04.27 351,406.9 3,440,779 9.7914 100.04.27 105,404.9 1,019,334 9.6706 100.09.29 121,954.5 1,219,340 9.9983 100.09.29 242,032.0 2,419,914 9.9983 54
( ) 99 98 (100) 10003736 99 98 1 2 3 1 99 98 1 1 12 3 1 99 98 1 2 3 1 99 98 1 1 12 3 1 100 3 22 55
99 98 12 31 99 12 31 98 12 31 % % ( ) $1,868,360,999 74 $1,288,462,402 67 ( ) 184,122,251 7 175,099,641 9 8,095,174 1 8,533,930 1 ( ) - - 493,416-2,060,578,424 82 1,472,589,389 77 ( ) 7,000,000-7,000,000 - ( ) 567,100,736 22 555,496,437 29 ( 340,983,396) (13) ( 315,628,870) (16) 226,117,340 9 239,867,567 13 ( ) 50,000,000 2 50,000,000 2 32,745,344 1 18,570,348 1 ( ) 121,914,187 5 110,386,460 6 ( ) 28,055,934 1 21,856,689 1 232,715,465 9 200,813,497 10 $2,526,411,229 100 $1,920,270,453 100 $ 1,060,203 - $ 871,209 - ( ) 344,634,671 14 303,712,906 16 ( ) 103,955,295 4 67,097,158 4 ( ) 751,748 - - - 4,068,864-3,795,888-454,470,781 18 375,477,161 20 196,245,025 8 196,245,025 10 ( ) 121,914,187 5 110,386,460 6 ( ) 1,609,620-1,309,204-774,239,613 31 683,417,850 36 10 30,000,000 300,000,000 12 300,000,000 16 ( ) 1,718,278 - - - 231,445,322 9 202,118,733 10 ( ) 58,653,177 2 - - ( ) 1,160,354,839 46 734,733,870 38 1,752,171,616 69 1,236,852,603 64 ( ) $2,526,411,229 100 $1,920,270,453 100 56
99 98 1 1 12 31 99 98 % % $1,780,168,216 93 $1,460,300,419 95 132,199,674 7 80,233,817 5 1,912,367,890 100 1,540,534,236 100 (1,280,903,424)( 67) (1,131,274,108)( 74) 631,464,466 33 409,260,128 26 1,155,701-1,842,462-2,983,345-4,770,364-4,731,333-14,997,004 1 12,688 - - - 7,113,805 1 6,013,547 1 15,996,872 1 27,623,377 2 - - ( 643,338) - - - ( 643,338) - 647,461,338 34 436,240,167 28 ( 133,860,603)( 7) ( 142,974,282)( 9) $ 513,600,735 27 $ 293,265,885 19 $ 21.58 $ 17.12 $ 14.54 $ 9.78 57
99 98 1 1 12 31 98 98 1 1$ 300,000,000 $ - $ 174,832,471 $ - $ 468,754,247 $ 943,586,718 - - 27,286,262 - ( 27,286,262) - 98 - - - - 293,265,885 293,265,885 98 12 31 $ 300,000,000 - $ 202,118,733 $ - $ 734,733,870 $1,236,852,603 99 99 1 1$ 300,000,000 - $ 202,118,733 $ - $ 734,733,870 $1,236,852,603-1,718,278 - - - 1,718,278 - - 29,326,589 - ( 29,326,589) - - - - 58,653,177 ( 58,653,177) - 99 - - - - 513,600,735 513,600,735 99 12 31 $ 300,000,000 $ 1,718,278 $ 231,445,322 $ 58,653,177 $1,160,354,839 $1,752,171,616 58
99 98 1 1 12 31 99 98 $ 513,600,735 $ 293,265,885 35,559,199 56,365,733 ( 12,688) 643,338 1,718,278 - ( 9,022,610) ( 71,077,662) 438,756 1,207,762 ( 11,527,727) ( 14,184,885) ( 5,705,829) 8,495,032 751,748 ( 301,575) 188,994 ( 439,075) 40,921,765 54,497,615 36,858,137 ( 26,120,741) 272,976 745,866 11,527,727 14,184,885 300,416 ( 164,480) 615,869,877 317,117,698 ( 21,843,495) ( 12,344,371) 47,211 90,300 ( 14,174,996) ( 15,101,916) - 25,000,000 ( 35,971,280) ( 52,355,987) 579,898,597 264,761,711 1,288,462,402 1,023,700,691 $ 1,868,360,999 $ 1,288,462,402 $ 101,956,547 $ 160,901,566 59
99 98 12 31 81 9 2 6 98 7 9 0980030573 99 1 2 3 1 30, 000, 000 10 99 12 31 209 ( ) 1. ( 1 ) (2) (3) ( 4 ) 2. (1) (2) (3) (4) ( ) 1. 2. ( ) ( ) 1. 2. ( ) 60
( ) 1. 2. 3. 4. 90 55 5 10 3 10 ( ) 87 3 8 % 87 3 1 2. 3 %( 9 4 5 2 %) 10 % 4 % ( ) ( ) ( ) 88 7 1 4 3 % ( ) 0 920003199 92 7 1 ( ) JPMorgan Chase & Co. JPMorgan Chase & Co. ( ) 1. 87 ( ) 10 % 2. 95 3. 61
( ) 39 ( 96 ) 052 ( ) ( ) ( ) JPMorgan Chase & Co. ( ) ( ) JF Asset Management Limited ( ) ( ) ( ) ( ) 1. 99 98 (%) (%) $ 85,181,888 4 $ 36,291,146 2 62
2. JF Asset 99 98 (%) (%) Management Limited $ 41,476,088 2 $ - - 3. 99 98 (%) (%) $ 1,322,829 8 $ - - 4. JF Asset 99 98 (%) (%) Management Limited $144,909,425 11 $121,496,997 11 98,851,981 8 72,484,236 6 $243,761,406 19 $193,981,233 17 5. 99 98 (%) (%) $ 312,840 - $ 312,840-15. 8 6. 99 98 (%) (%) $ - - $ 1,019,533-7. 99 98 (%) (%) $115,158,997 9 $130,424,881 12 41,211-29,715 - $115,200,208 9 $130,454,596 12 63
8. 99 12 31 98 12 31 (%) (%) $ 26,565,000 14 $ 14,528,967 8 9. JF Asset 99 12 31 98 12 31 (%) (%) Management Limited $ 5,692,482 3 $ - - 10. 9 9 0.10%~ $1,400,000,000 $1,400,000,000 0.25% $ 816,977 $ 37,784 9 8 0.06%~ $1,000,000,000 $1,000,000,000 0.20% $ 876,380 $ 35,660 11. JF Asset 99 12 31 98 12 31 (%) (%) Management Limited $ 10,288,831 3 $ 10,370,347 4 9,145,280 3 10,300,131 3 $ 19,434,111 6 $ 20,670,478 7 12. 99 12 31 98 12 31 (%) (%) $ 30,000,000 9 $ 36,000,000 13 13. 99 12 31 98 12 31 (%) (%) JPMorgan Chase & Co. $ 40,943,960 12 $ - - 64
99 12 31 98 12 31 $ 40,000 $ 70,000 89,819,931 25,007,414 308,501,068 193,384,988 1,470,000,000 1,070,000,000 $1,868,360,999 $1,288,462,402 99 98 1 2 3 1 0. 10 % ~ 0. 25 % 0.06%~0.20% 99 12 31 98 12 31 $ 152,001,037 $ 157,376,314 31,927,843 17,487,060 54,667 46,932 138,704 189,335 $ 184,122,251 $ 175,099,641 99 12 31 98 12 31 $7,000,000 0.34% $7,000,000 0.35% 99 12 31 98 12 31 $ 113,739,584 $ 113,739,584 78,779,788 78,779,788 57,651,678 52,686,364 249,941,212 242,986,415 1,411,944 2,975,069 64,903,060 64,329,217 673,470-567,100,736 555,496,437 ( 340,983,396) ( 315,628,870) $ 226,117,340 $ 239,867,567 $ 25, 000, 000 98 $ 25, 000, 000 99 98 1 2 31 $ 50, 000, 000 $ 50, 000, 000 0.14%~0.21% 0.14% 65
1. 2. 99 1 2 3 1 65,149 US$28.18 3. 99 $ 65, 576, 671 $ 40, 943, 960 99 1 2 3 1 $ 1, 718, 278 1. 99 98 1 2 3 1 ( ) ( ) ( 99 12 31 98 12 31 ) ($4,422,045) ($ 751,748) $ 2,467,078 $ 493,416 99 12 31 98 12 31 $ 1,801,323 $ 306,225 ($ 2,671,645)($ 534,329) 121,914,187 20,725,412 110,386,460 22,077,292 40,943,960 6,960,473 - - 196,245,025 33,361,654 196,245,025 39,249,005 375,438 63,824 1,568,628 313,726 $361,279,933 61,417,588 $305,528,468 61,105,694 ( 33,361,654) ( 39,249,005) $ 28,055,934 $ 21,856,689 2. 99 98 99 98 $ 133,860,603 $ 142,974,282 8,306,598 7,787,822 ( 3,352,517) ( 15,981,279) 78,954 ( 7,794,458) ( 34,938,343) ( 59,889,209) $ 103,955,295 $ 67,097,158 3. 99 12 31 98 12 31 $ 386,782,229 $ 221,766,754 99 98 (%) 37.11 39.52 66
99 1 2 3 1 10% 4. 99 12 31 98 12 31 87 $1,160,354,839 $ 734,733,870 5. 96 97 1. 94 7 1 6 15 ( ) 15 4 2 % 99 9 8 $2,322,053 $2,332,883 2. 94 7 1 6 % 99 98 $ 8, 914, 552 $8,100,687 1. 10 % 2. 50 % 3. ( ) 94 6 3 0 0940002859 93 ( ) 20 % 20 % 100 % ( ) 67
4. 97 1 11 0960071550 5. 6. 99 6 1 8 98 6 1 8 98 9 7 98 97 98 97 $ 29,326,589 $ 27,286,262 $ - $ - 58,653,177 - - - $ 87,979,766 $ 27,286,262 $ - $ - 98 9 7 $ 205, 286 $245,576 7. 87 ( ) 10 % 99 98 $ 499,061,206 $ 408,631,505 439,416,769 344,700,637 16,495,829 14,283,068 11,423,062 10,585,380 31,725,546 39,062,420 35,559,199 56,365,733 ( ) JF 82 03 04 1.20% JF 83 04 07 1.20% JF 84 01 21 1.50% JF 84 03 23 1.50% JF 84 06 15 0.15% ( JF ) JF 84 10 18 1.75% JF 85 10 15 0.08% ( JF ) JF 86 01 29 1.75% JF 86 09 08 1.75% 87 06 01 1.75% JF 87 08 19 1.60% JF 88 10 20 1.60% 89 06 08 1.80% JF 89 09 28 1.20% 68
91 05 31 1.80% ( 99 9 13 ) JF 92 07 07 0.50% 92 12 09 1.50% JF 93 03 10 1.60% 93 11 12 1.75% JF 94 05 23 1.50% 94 12 22 0.90% ( ) JF 95 04 04 2.00% 35 95 07 25 2.00% 96 02 13 0.15% 96 04 03 1.65% JF 96 08 20 1.50% 97 01 25 2.00% JF 97 06 25 2.00% JF 97 09 22 1.80% JF 97 09 22 1.50% G2 98 08 26 1.80% JF 98 12 01 1.80% JF 99 02 02 1.60% 99 07 20 2.00% 99 12 20 1.00% 1. JF Asset Management Limited 35 G 2 ( ) 2. 94 1 1 ( ) 3. 93 50 % ( ) 4. 95 69
( ) 5. 99 JF Asset Management Limited JF Taiwan Fund ( ) 102 11 3 0 $29,387,576 ( ) 1. 99 9 8 99 12 31 $2,174,397,437 $ - $2,174,397,437 50,000,000-50,000,000 32,745,344-32,745,344 575,633,220-575,633,220 98 12 31 $1,573,948,503 $ - $1,573,948,503 50,000,000-50,000,000 18,570,348-18,570,348 485,863,621-485,863,621 ( 1 ) 70
( 2 ) (3) 2. 3. (1) (2) (3) (4) 99 9 8 71
99 99 1. 99 12 31 2. 3. 4. 5. 99 1 2 3 1 ( ) ( ) 100% 100% - 100% 100% - 100% 100% - 99 9998 (%) 33% 26% 27% 99 72
( ) 50 % ( ) 50 % 99 6 18 (1) 0990028024 (2) 12 50 (3) (4) 73
65 17 (02) 2755-8686 1125 10 A (03) 262-2888 386 25 1 (04) 2258-8128 6 26 2 (07) 335-1799 307 17 1 (06) 241-0888 ( ) 285 25 (02) 2252-2665 71 17 (02) 2755-8989 3 (02) 2722-2002 38 (02) 2371-3111 30 (02) 2559-7171 7 1 (02) 8722-6666 117 (02) 2719-1313 77 (02) 2311-8811 30 (02) 2348-1111 38 (04) 2222-2001 36 (02) 2506-3333 100 (02) 2563-3156 2 (02) 2581-7111 207 (02) 2378-6868 246 2 (02) 2752-5252 120 (02) 2349-3456 46 (02) 2348-3456 506 (06) 214-1271 168 (07) 557-0535 32-1 (04) 2221-1186 66 26 27 (02) 2389-5858 28 30 66 1 3(02) 2380-1888 5 8 68 1 2 158 1(02) 2718-9999 156 2 10 1 (02) 2561-5888 58 1 8 10 (07) 224-2220 2 11 2 1 327 (07) 287-1101 101 4 (02) 8789-8888 209 1 3 (02) 2325-5818 20 2 3 (02) 2321-8200 698 3 700 3 (02) 2181-8888 111 3 (02) 2504-8888 2 8 (02) 8161-5000 74
225 11 13 (02) 2718-1234 14 7 1 5 13 (02) 8722-7888 ( ) 1 1 2 12 13 (02) 8726-9600 14 15 16 333 10 12 (02) 8722-5000 106 (03) 524-3151 ( ) 333 13 14 (02) 2723-0088 52 2~6 (02) 2716-1167 39 1 2 (02) 8023-9077 2 65 17 (02) 2755-8686 1125 10 A (03) 262-2888 386 25 1 (04) 2258-8128 6 26 2 (07) 335-1799 285 25 (02) 2252-2665 307 17 1 (06) 241-0888 71 17 (02) 2755-8989 ( ) ( ) ( ) ( ) 38 (04) 2222-2001 36 (02) 2506-3333 101 4 (02) 8789-8888 209 1 3 (02) 2325-5818 111 3 (02) 2504-8888 698 3 700 3 (02) 2181-8888 ( ) 20 2 3 (02) 2321-8200 J F ( J F ) J F ( JF ) 75
76
77
78 100 3 23 ( ) ( ) 1. 2. 3. 4. 5. ( ) ( ) 3 0
( ) 1. ( ( ) ) 2. ( ) 1. ( ( ) ) 2. ( ) ( ) 1. (1) (2) ( 3 ) (4) (5) (6) (7) (8) (9) ( 1 0 ) 2. ( ) 1. 2. 3. 4. (1) JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc JPMorgan Asset Management (Asia) Inc (2) (3) 5. 79
( ) 1. 2. ( 1 ) ( 2 ) (3) ( ) 3. 4. ( ) 100 9 3 0 7. 5 2.5 ( ) (Risk Review Committee, RRC) (Investment Director) ( C o m p l i a n c e ) ( M i d d l e Office) (Legal) (Risk Management) 4. 1) 2) 5. ( 1 ) ( 2 ) ( 3 ) (4) (5) (6) ( 7 ) (8) / (9) (10) 80
( ) ( ) ( ) 1. 2. 3. ( ) 1. 2. 3 1 ( ) ( ) ( ) 81
82 JF ( ) J F ( ) ( ) ( ) ( ) J F ( ) ( ) ( ) ( ) ( )
83 JF ( ) ( ) J F ( ) ( ) ( ) 7
84 JF ( ) ( )
85 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
86 JF 1 8
87 JF ( ) ( ) ( ) ( ) ( ) ( )
88 JF J F J F ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
89 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1 6 1
90 JF ( )
JF ( ) ( ) ( 1 ) ( 1 ) ( 2 ) ( 2 ) ( 3 ) ( 3 ) ( 4 ) ( 4 ) ( ) ( 5 ) ( ) 91
92 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. ( ) ( ) 2. ( ) ( ) ( )
93 JF 1. ( ) ( ) 2. ( ) ( ) ( ) ( ) ( ) ( ) ( )
94 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
95 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) (1. 6 ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1 0 1 1 9
96 JF (0. 1 5% ) ( ) ( % )
JF ( ) ( ) ( ) ( ) ( ) ( ) ( ( ) ) 97
98 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
99 JF ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
100 JF ( ( ) ) ( ) ( ) 100 J F J F 9 3 0 ( ) 1000047239 ( ) ) ( ) ( ) ( ) ( ) 100 9 3 0 J F J F 1000047239 100 9 3 0 1000047239 100 9 3 0 J F J F 1000047239 ( 100
J F J F J F J F 101
( 99 12 15 ) c a l l p u t (Maturity) (Maturity) ( ) 1. ( ) ( ) 2. 3. 4. 5. 102
6. ( ) ( ) 1 7. ( ) ( ) 8. 9. (1) (2) ( 3 ) ( 4 ) ( ) (5) (6) (7) ( 8 ) ( ) ( ) ( ) ( ) ( ) 1. ( ) ( ) 2. ( ) ( ) 1 3. ( ) 103
( ) 10 b p s ( ) 10 b p s ( ) ( ) 1. 94 1 2 3 1 ( ) 95 1 1 ( ) (1) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( ) ( ) 1 2. 94 1 2 3 1 ( ) 95 1 1 ( ) 95 1 1 ( ) ( 1 ) 20 b p s ( ) 20 b p s 20 b p s A. ( M a t u r i t y ) 1 1 104
c a l l p u t B. ( A ) ( A - A + A) ( B ) ( C ) (2) ( ) 2 3. ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. ( ) ~ 2. ( ) ( ) 105
( ) ( ) 1. 94 1 2 3 1 ( ) 95 1 1 ( ) ( )1 3 2. 94 1 2 3 1 ( ) 95 1 1 ( ) 95 1 1 ( ) 3 ( ) ( ) 1. 94 1 2 3 1 ( ) 2.95 1 1 ( ) ( ) ( ) ( ) 106
107