| Name of ETF |
SinoPac 15+ Year Investment Grade US Banking ESG Exchange Traded Fund |
| Fund Type |
Bond ETF |
| Underlying Index |
ICE 15+ Year Investment Grade US Banking ESG Index |
| Securities Code |
00958B |
| Website |
https://sitc.sinopac.com |
| Listing |
Taipei Exchange |
| Regulator |
Securities and Futures Bureau |
| Issuer/Manager |
SinoPac Securities Investment Trust Co., Ltd. |
| Technical Advisor |
None |
| Custodian |
Mega International Commercial Bank Co., Ltd. |
| Management Style |
Passive |
| Investment objective |
Closely track the performance of underlying Index |
| 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 10:30 am on next dealing day. |
| Total Expense Ratio (TER) |
TER includes Management fee, Custodian fees, index license fees, etc. Such expenses will be accrued daily and subtracted from the NAV. TER is calculated based on the estimated fund size: For fund size below NTD 5bn (including), TER is 0.47%; For fund size above NTD 5bn ~ NTD 10bn (including), TER is approximately 0.39%; For fund size above NTD 10bn, TER is 0.31%. |
| 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 – varies by broker but no higher than 0.1425% of the consideration |
| 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 SinoPac 15+ Year Investment Grade US Banking ESG 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 |
1,500,000 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.
|
