恒生指數上市基金 中期財務報告 HANG SENG INDEX ETF INTERIM FINANCIAL REPORT 2011
目錄 Contents 2 投資組合 Investment Portfolio 3 投資組合變動表 Statement of Movements in Portfolio Holdings 4 資產負債表 Statement of Assets and Liabilities 5 派息披露 Distribution Disclosure 6 恒生指數及恒生指數上市基金之表現 Performance of the Hang Seng Index and Hang Seng Index ETF 7 恒生指數上市基金 - 每日收市價及每單位資產淨值之比較 Hang Seng Index ETF - Comparison of Daily Closing Price and Net Asset Value per Unit 8 恒生指數成份股披露 Hang Seng Index Constituent Stocks Disclosure 9 基金就恒生指數成份股額外投資比重限制之報告 Report on Investment Overweight in Constituent Stocks of the Hang Seng Index by the Fund 10 管理及行政 Management and Administration
投資組合 Investment Portfolio 2011 年 6 月 30 日 as at 30 June 2011 佔屬於單位持有人之 市值 總資產淨值百分比 ( 港元 ) % of Total Net 香港上市投資 單位數目 Market Value Assets Attributable Hong Kong Listed Investments Holdings (HK$) to Unitholders 香港股票 Hong Kong Equities 工商 Commerce & Industry 中國鋁業 Aluminum Corporation of China 19,029,956 124,646,212 0.41% 百麗國際 Belle International 22,380,112 363,900,621 1.21% 國泰航空 Cathay Pacific Airways 5,694,547 102,387,955 0.34% 中國中煤能源 China Coal Energy 19,812,228 206,839,660 0.69% 招商局國際 China Merchants Holdings International 5,338,789 159,896,731 0.53% 中國移動 China Mobile 29,042,656 2,089,619,099 6.93% 中國石油化工 China Petroleum & Chemical 80,957,234 631,466,425 2.09% 華潤創業 China Resources Enterprise 5,786,577 182,566,504 0.60% 中國神華能源 China Shenhua Energy 16,396,684 608,316,976 2.02% 中國聯通 China Unicom 22,735,475 356,492,248 1.18% 中信泰富 CITIC Pacific 6,161,565 119,657,592 0.40% 中國海洋石油 CNOOC 86,202,624 1,565,439,652 5.19% 中遠太平洋 COSCO Pacific 7,851,351 106,778,374 0.35% 思捷環球 Esprit Holdings 6,221,082 149,928,076 0.50% 恒安國際 Hengan International Group 3,839,424 266,647,997 0.88% 和記黃埔 Hutchison Whampoa 10,284,910 863,932,440 2.86% 利豐 Li & Fung 27,279,130 422,826,515 1.40% 香港鐵路 MTR Corporation 6,962,830 191,477,825 0.63% 新世界發展 New World Development 11,489,865 134,891,015 0.45% 中國石油天然氣 PetroChina 101,790,207 1,154,300,947 3.83% 太古洋行 A Swire Pacific A 3,495,287 397,414,132 1.32% 騰訊控股 Tencent Holdings 4,873,617 1,024,434,293 3.39% 九龍倉集團 Wharf (Holdings) 7,307,639 394,977,888 1.31% 11,618,839,177 38.51% 金融 Finance 友邦保險 AIA Group 40,674,072 1,096,166,240 3.63% 中國銀行 Bank of China 302,574,327 1,146,756,699 3.80% 交通銀行 Bank of Communications 31,991,642 238,017,816 0.79% 東亞銀行 Bank of East Asia 7,399,660 236,419,137 0.78% 中銀香港 BOC Hong Kong 17,853,434 402,594,937 1.33% 中國建設銀行 China Construction Bank 289,970,429 1,870,309,267 6.21% 中國人壽保險 China Life Insurance 35,900,455 953,157,080 3.16% 恒生銀行 Hang Seng Bank 3,689,476 457,126,076 1.51% 香港交易及結算所 Hong Kong Exchanges & Clearing 4,941,523 805,962,401 2.67% 滙豐控股 HSBC Holdings 58,055,210 4,470,251,170 14.82% 中國工商銀行 Industrial and Commercial Bank of China 293,114,337 1,729,374,588 5.73% 中國平安保險 Ping An Insurance 8,272,269 663,022,360 2.20% 14,069,157,771 46.63% 地產 Properties 長江實業 ( 集團 ) Cheung Kong (Holdings) 6,705,538 761,078,563 2.52% 中國海外發展 China Overseas Land & Investment 19,714,868 327,266,809 1.08% 華潤置地 China Resources Land 9,097,724 127,368,136 0.42% 恒隆地產 Hang Lung Properties 11,861,940 378,395,886 1.25% 恒基兆業地產 Henderson Land Development 4,724,085 236,440,454 0.78% 信和置業 Sino Land 12,688,806 158,102,523 0.52% 新鴻基地產 Sun Hung Kai Properties 7,439,352 842,878,582 2.79% 2,831,530,953 9.36% 公用事業 Utilities 華潤電力 China Resources Power Holdings 9,116,329 137,474,241 0.46% 中電控股 CLP Holdings 8,706,379 599,434,194 1.99% 香港中華煤氣 Hong Kong & China Gas 22,870,592 403,437,243 1.34% 電能實業 Power Assets Holdings 6,693,085 392,549,435 1.30% 1,532,895,113 5.09% 總投資市值 Total Investments 30,052,423,014 99.59% ( 總投資成本 - 25,913,885,413 港元 ) (Total cost of Investments - HKD25,913,885,413) 其他資產淨值 Other Net Assets 124,331,137 0.41% 屬於單位持有人之總資產淨值 Total Net Assets Attributable to Unitholders 30,176,754,151 100.00% 2
投資組合變動表 Statement of Movements in Portfolio Holdings 由 2011 年 1 月 1 日至 2011 年 6 月 30 日止期間 for the period from 1 January 2011 to 30 June 2011 單位數目 單位數目 2011 年 1 月 1 日 2011 年 6 月 30 日 Holdings as at 增加 減少 Holdings as at 01 Jan 2011 Additions Disposals 30 Jun 2011 香港上市投資 香港股票 Hong Kong Listed Investments Hong Kong Equities 工商 Commerce & Industry 中國鋁業 Aluminum Corporation of China 18,901,924 1,790,728 1,662,696 19,029,956 百麗國際 Belle International 22,228,540 2,078,550 1,926,978 22,380,112 國泰航空 Cathay Pacific Airways 5,655,067 543,244 503,764 5,694,547 中國中煤能源 China Coal Energy 19,681,520 1,838,574 1,707,866 19,812,228 招商局國際 China Merchants Holdings International 5,263,347 566,219 490,777 5,338,789 中國移動 China Mobile 28,843,862 2,683,217 2,484,423 29,042,656 中國石油化工 China Petroleum & Chemical 80,409,858 7,493,572 6,946,196 80,957,234 華潤創業 China Resources Enterprise 5,745,307 573,293 532,023 5,786,577 中國神華能源 China Shenhua Energy 16,288,058 1,517,035 1,408,409 16,396,684 中國聯通 China Unicom 22,583,887 2,130,546 1,978,958 22,735,475 中信泰富 CITIC Pacific 6,120,111 585,513 544,059 6,161,565 中國海洋石油 CNOOC 85,621,582 7,905,763 7,324,721 86,202,624 中遠太平洋 COSCO Pacific 7,798,513 760,573 707,735 7,851,351 思捷環球 Esprit Holdings 5,863,430 557,518 199,866 6,221,082 恒安國際 Hengan International Group - 3,841,924 2,500 3,839,424 富士康國際控股 Foxconn International Holdings 10,269,914 809,142 11,079,056 - 和記黃埔 Hutchison Whampoa 10,214,328 972,065 901,483 10,284,910 利豐 Li & Fung 11,893,701 31,355,770 15,970,341 27,279,130 香港鐵路 MTR Corporation 6,910,046 769,573 716,789 6,962,830 新世界發展 New World Development 11,265,729 2,239,604 2,015,468 11,489,865 中國石油天然氣 PetroChina 101,107,427 9,396,670 8,713,890 101,790,207 太古洋行 A Swire Pacific A 3,473,017 332,451 310,181 3,495,287 騰訊控股 Tencent Holdings 4,817,835 470,071 414,289 4,873,617 九龍倉集團 Wharf (Holdings) 6,599,103 1,344,773 636,237 7,307,639 金融 Finance 友邦保險 AIA Group - 40,694,872 20,800 40,674,072 中國銀行 Bank of China 300,535,791 27,839,464 25,800,928 302,574,327 交通銀行 Bank of Communications 31,775,226 2,962,008 2,745,592 31,991,642 東亞銀行 Bank of East Asia 7,828,384 857,148 1,285,872 7,399,660 中銀香港 BOC Hong Kong 17,733,408 1,651,467 1,531,441 17,853,434 中國建設銀行 China Construction Bank 288,017,217 26,677,238 24,724,026 289,970,429 中國人壽保險 China Life Insurance 35,657,749 3,323,127 3,080,421 35,900,455 恒生銀行 Hang Seng Bank 3,664,952 340,844 316,320 3,689,476 香港交易及結算所 Hong Kong Exchanges & Clearing 4,907,441 456,867 422,785 4,941,523 滙豐控股 HSBC Holdings 54,814,782 8,812,201 5,571,773 58,055,210 中國工商銀行 Industrial and Commercial Bank of China 270,343,363 47,645,701 24,874,727 293,114,337 中國平安保險 Ping An Insurance 8,217,323 765,357 710,411 8,272,269 地產 Properties 長江實業 ( 集團 ) Cheung Kong (Holdings) 6,659,450 637,652 591,564 6,705,538 中國海外發展 China Overseas Land & Investment 19,581,002 1,856,459 1,722,593 19,714,868 華潤置地 China Resources Land 9,654,258 898,659 1,455,193 9,097,724 恒隆地產 Hang Lung Properties 9,989,976 2,890,794 1,018,830 11,861,940 恒基兆業地產 Henderson Land Development 5,187,943 523,681 987,539 4,724,085 信和置業 Sino Land 11,742,758 2,153,805 1,207,757 12,688,806 新鴻基地產 Sun Hung Kai Properties 7,389,006 703,947 653,601 7,439,352 公用事業 Utilities 華潤電力 China Resources Power 9,022,793 886,736 793,200 9,116,329 中電控股 CLP Holdings 8,647,243 809,744 750,608 8,706,379 香港中華煤氣 Hong Kong & China Gas 20,649,222 4,143,945 1,922,575 22,870,592 電能實業 Power Assets Holdings 6,647,093 628,028 582,036 6,693,085 股票認購權 Rights 九龍倉集團認購權 (2011 年 2 月 ) Wharf (Holdings) Rights (Feb 2011) - 678,310 678,310 - 非上市投資 Unlisted Investments 股票認購權 Rights 和記黃埔認購權 (2011 年 3 月 ) Hutchison Whampoa Rights (Mar 2011) - 1,051,600 1,051,600 - 新礦資源認購權 (2011 年 6 月 ) Newton Resources Rights (Jun 2011) - 67,742 67,742-3
資產負債表 Statement of Assets and Liabilities 2011 年 6 月 30 日 as at 30 June 2011 30-06-2011 31-12-2010 ( 港元 ) ( 港元 ) (HKD) (HKD) 資產 Assets 按公平價值列入收入或虧損的投資 Investments at fair value through profit or loss 30,052,423,014 28,845,821,240 應收股息分派款項 Dividend receivable 187,140,530 31,123,835 應收投資款項 Amounts receivable on sale of investments 6,750,532 - 應收認購單位款項 Amounts receivable on subscription of units 62,534,482 73,496,755 現金及現金等價物 Cash and cash equivalents 557,322,551 479,486,368 資產總值 Total Assets 30,866,171,109 29,429,928,198 負債 Liabilities 應付投資款項 Amounts payable on purchase of investments 20,309,682 37,858,892 應付贖回單位款項 Amounts payable on redemption of units 60,577,216 46,693,856 預提費用及其他應付款項 Accrued expenses and other payables 4,050,977 3,844,439 應付收益分派款項 Distributions Payable 604,479,083 324,965,238 負債總值 Total liabilities 屬於單位持有人之資產淨值 * Net assets attributable to unitholders* 689,416,958 413,362,425 30,176,754,151 29,016,565,773 代表 Representing: 權益總值 Total Equity 30,176,754,151 29,016,565,773 已發行單位數目 Total number of units in issue 134,314,948 125,492,931 每單位資產淨值 * Net asset value per unit* 224.67 231.22 * * 基金經理欲強調公佈的基金單位價格乃根據基金之基金說明書中所列明之原則計算 此計算原則與計算財務報告中 屬於單位持有人之資產淨值 及相關的 每單位資產淨值 需按照的 香港財務報告準則 並不相同 因此, 於本財務報告中所載之 屬於單位持有人之資產淨值 則有別於用作估值用途經調整後之資產淨值 The Manager would like to highlight that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Fund are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to unitholders as reported in the financial statements are therefore different from the adjusted total net assets for valuation purposes at the reporting dates. 4
派息披露 Distribution Disclosure 2011 年 1 月 1 日至 2011 年 6 月 30 日期間之派息記錄及 2010 年同期派息之比較 Period of distribution from 1 January 2011 to 30 June 2011 and the comparison with the same period in 2010 除息日期 Date of Ex-distribution 分派日期 Date of Payment 每單位收益分派 Distribution per Unit ( 港元 HKD) 收益分派總額 Total Distribution ( 港元 HKD) 2011 年中期收益分派 2011 年 6 月 30 日 2011 年 7 月 18 日 Interim distribution 2011 30 June 2011 18 July 2011 4.50 604,479,083 2010 年中期收益分派 2010 年 6 月 25 日 2010 年 7 月 9 日 Interim distribution 2010 25 June 2010 09 July 2010 2.80 335,174,322 5
恒生指數及恒生指數上市基金之表現 Performance of the Hang Seng Index and Hang Seng Index ETF 由 2011 年 1 月 1 日至 2011 年 6 月 30 日 From 1 January 2011 to 30 June 2011 基金 / 指數 Fund/Index 以港元計算之表現 Performance in HK Dollar 恒生指數上市基金 * Hang Seng Index ETF * -0.92% # 恒生指數 Hang Seng Index # -0.93% 資料來源 : HSBC Provident Fund Trustee (Hong Kong) Limited 及恒生指數有限公司 Source: HSBC Provident Fund Trustee (Hong Kong) Limited and Hang Seng Indexes Company Limited. * 表現以報價貨幣之單位價格對單位價格, 股息再投資之總回報計算 * Performance is calculated in base currency with unit price to unit price, total return with dividend reinvested. # 表現以股息再投資之總回報計算, 總回報為扣除內地預扣稅後之淨值 # Performance is calculated in total return with dividend reinvestment, net of PRC withholding tax. 投資者須注意, 所有投資均涉及風險 ( 包括可能會損失投資本金 ), 基金單位價格可升亦可跌, 過往表現並不可作為日後表現的指引 投資者在作出任何投資決定前, 應詳細閱讀有關基金之銷售文件 ( 包括當中所載之風險因素之全文 ) Investors should note that all investment involves risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance is not indicative of future performance. Investors should read the relevant fund s offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision. 6
恒生指數上市基金 - 每日收市價及每單位資產淨值之比較 Hang Seng Index ETF - Comparison of Daily Closing Price and Net Asset Value per Unit 收市價 Closing Price 每單位資產淨值 Net Asset Value per Unit 310 280 250 港元 HKD 220 190 160 130 100 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 7
恒生指數成份股披露 Hang Seng Index Constituent Stocks Disclosure 下列為於 2011 年 6 月 30 日, 佔恒生指數百分比多於十之成份股 Listed below are those constituent stocks that accounted for more than 10% of the weighting of the Hang Seng Index as at 30 June 2011. 成份股 Constituent Stocks 佔指數比重 Weighting of the Index 滙豐控股 14.93% HSBC Holdings 8
基金就恒生指數成份股額外投資比重限制之報告 Report on Investment Overweight in Constituent Stocks of the Hang Seng Index by the Fund 由 2011 年 1 月 1 日至 2011 年 6 月 30 日 From 1 January 2011 to 30 June 2011 根據本基金之香港銷售文件中所述, 若基金經理 ( 恒生投資管理有限公司 ) 為本基金作出投資時實施具代表性之樣本複製策略, 基金經理將根據本基金之有關投資限制應用該策略, 以令基金經理可根據以下限制相對於恒生指數 ( 該指數 ) 內的指數成份股各相應比重調高其比重 股份於該指數內的比重 可分配之最高額外比重 10% 以下 4% 1 10% 至 30% 4% 30% 至 50% 3% 50% 以上 2% 1 當持有的指數成份股於該指數所佔比重低於 10%, 且倘於分配最高額外比重 4% 後該成份股的分配總額仍低於 10% 時, 分配至該成份股的總比重可能最高調至 10% 於 2011 年 1 月 1 日至 2011 年 6 月 30 日期間內, 基金經理已完全遵守以上最高額外比重限制 As stated in the Hong Kong Offering Document of the Fund, if a representative sampling strategy is implemented when investing for the Fund, the Manager (Hang Seng Investment Management Limited) will apply such strategy in accordance with the Fund s relevant investment restrictions thereby enabling the Manager to overweight the constituent stocks of the Hang Seng Index (the Index ) relative to their respective weightings in the Index in accordance with the below limits. Stock's weight in the Index Maximum extra weighting to be allocated Below 10% 4% 1 10%-30% 4% 30%-50% 3% Above 50% 2% 1 Where the weighting of a constituent stock in the Index is below 10% and if the total allocation to this constituent stock is still below 10% after allocating the maximum extra weighting of 4%, the total allocation to it may be adjusted up to maximum of 10%. During the period from 1 January 2011 to 30 June 2011, the Manager has complied in full to the above maximum extra weighting. 9
管理及行政 Management and Administration 基金經理及上市代理人恒生投資管理有限公司香港中環德輔道中 83 號基金經理及上市代理人之董事馮孝忠李佩珊陸世龍劉存忠顏文傑受託人美國友邦 ( 信託 ) 有限公司香港司徒拔道 1 號友邦大廈 2 樓行政人及登記處 HSBC Provident Fund Trustee (Hong Kong) Limited 香港中環皇后大道中 1 號兌換代理人 HK Conversion Agency Services Limited 香港中環德輔道中 199 號維德廣場 2 樓核數師畢馬威會計師事務所香港中環遮打道 10 號太子大廈 8 樓 Manager and Listing Agent Hang Seng Investment Management Limited 83 Des Voeux Road Central Hong Kong Directors of the Manager and Listing Agent Fung Hau Chung, Andrew Lee Pui Shan Luk Sai Lung Lau Chuen Chung Ngan Man Kit Trustee American International Assurance Company (Trustee) Limited 2nd Floor, AIA Building 1 Stubbs Road Hong Kong Administrator and Registrar HSBC Provident Fund Trustee (Hong Kong) Limited 1 Queen's Road Central Hong Kong Conversion Agent HK Conversion Agency Services Limited 2nd Floor Vicwood Plaza 199 Des Voeux Road Central Hong Kong Auditors KPMG 8th Floor, Prince's Building 10 Chater Road Central Hong Kong 10