| Name of ETF |
CTBC Enhanced Yield 15+ Year Investment Grade Senior US Developed Markets Corporate ESG Screened Bond ETF |
| Fund Type |
Bond ETF |
| Underlying Index |
ICE Enhanced Yield 15+ Year Investment Grade Senior US Developed Markets Corporate ESG Screened Index |
| Securities Code |
00948B |
| Website |
http://www.ctbcinvestments.com |
| Listing |
Taipei Exchange |
| Regulator |
Securities and Futures Bureau |
| Issuer/Manager |
CTBC INVESTMENTS CO., LTD. |
| Custodian |
Bank of Taiwan |
| Management Style |
Passive |
| Investment objective |
Closely track the performance of ICE Enhanced Yield 15+ Year Investment Grade Senior US Developed Markets Corporate ESG Screened Index (before fees and expenses) |
| Issue of Units |
Scripless, units held in the Depository and not available for withdrawal in physical form |
| Depository |
Taiwan Depository & Clearing Corporation |
| Maximum subscription size |
None |
| Net Asset Value (NAV) |
Net asset value will be calculated based on the market value of the assets of the Fund after income and expenses accrual. It will be announced before 11 am on next dealing day. |
| Total Expense Ratio (TER) |
Management and custodian fees are approximately 0.26%~0.4%. The fund also needs to pay index license fee, listed fee, etc. |
| Voting rights |
The Manager will act in the unitholders' interest and exercise voting rights for the shares held in the Fund. |
| Annual report |
The Manager will prepare annual report within 2 months after the end of each accounting year. The annual report will be signed by the Manager and the Custodian and certified by the accountants. |
| Distribution |
Monthly |
| Trading in the Secondary Market |
| Buy/sell |
Through any licensed securities broker |
| Account Opening |
Need to open a securities trading account with a brokerage house |
| Commission |
Same as for ordinary stocks |
| Board lot |
1,000 units |
| Trading time |
Trading hours of the Taipei Exchange: 9:00 – 13:30 |
| Tax |
None |
| Bid/ask spread |
NTD 0.01 if the price of the unit is below NTD 50,
NTD 0.05 if the price of the unit is above NTD 50 |
| Limit up and down |
No limits |
| TPEX Information Disclosure |
- Estimated NAV per unit every 15 seconds
- Trading price of CTBC Enhanced Yield 15+ Year Investment Grade Senior US Developed Markets Corporate ESG Screened Bond ETF and the 5 best bid/ask prices and volumes
|
| Margin Trading |
- Available on listing
- Short selling under margin trading is exempted from the uptick rule(which requires short sales to take place at no lower than the previous day's closing price)
- Investors should check with his/her broker to see if there is any quota available before executing short-selling
|
| Creation and Redemption in the Primary Market |
| Creation and redemption |
Cash creation/redemption |
| Portfolio Composition File (PCF) |
Details of index baskets for creation and redemption will be disclosed through the fund issuer's website to all market participants |
| Order input time |
9:00 – 13:30 on each dealing day |
| Tax |
No tax is levied on creation or redemption |
| Creation Unit / Redemption Unit |
500,000 units |
| Placement of creation and redemption orders |
Must be through participating dealers |
| Issue Price / Redemption Price |
Actual acquired price per unit on the day of creation or redemption |
| Creation consideration / Redemption consideration |
The Total Amount of Cash Creation= Cash Creation Amount+Subscription Fee+ Cash Creation Transaction Fee
The Total Amount of Cash Redemption= Cash Redemption Amount-Redemption Fee-Cash Redemption Transaction Fee |
| Types of creation |
Cash creation |
| Types of redemption |
Cash redemption |
| Creation and redemption fee |
Varies by participating dealers but subject to the limit
- Creation fee cannot exceed 2% of the creation consideration
- Redemption fee cannot exceed 2% of the redemption consideration
|
