2007
2008 3 29
2007
2008 3 26
2007 1 1 2007 12 31
2007
........................................................................................................................1
........................................................3
..................................................................................................... 3
..................................................................................................... 3
............................................................................................. 4
....................................................................................................................5
................................................................................................. 5
..................................................................................................... 5
............................................................................. 5
..................................................... 5
..................................................................................................... 7
............................................................................................................8
........................................................................................................................9
..............................................................................................................10
................................................................................................... 10
................... 13
................................................................................... 22
..............................................................................................................25
....................................................................... 25
............................................................................... 25
........................................................................... 25
................................................................................... 26
..................... 27
........................................................................................... 27
..............................................................................................................27
..........................................................................28
..............................................................................................................28
..........................................................................................................30
2007
340005
2006 4 27
215,957,766.38
1 1 397 397 1 1 1 1
6
12007
368
500 20
200122
021-58368998
021-58368858
dujx@xyfunds.com.cn
154
154
168 20
200041
021-62277777 - 212004
021-62159217
zhangzhy@cib.com.cn
www.xyfunds.com.cn
500 20
989
22007
2007
2006 4 27 ( ) 2006 12 31 1
5,934,843.80 5,959,442.51
2
215,957,766.38 156,057,486.62
3
1.0000 1.0000
4
3.39% 1.15%
5
4.58% 1.15%
1 1 < > 5 < >
2
3
1
1.1740% 0.0093% 0.8292% 0.0003% 0.3448% 0.0090%
2.3410% 0.0100% 1.4931% 0.0013% 0.8479% 0.0087%
3.3875% 0.0081% 2.4441% 0.0017% 0.9434% 0.0064%
4.5766% 0.0068% 3.6271% 0.0016% 0.9495% 0.0052%
32007
2
2006 4 27 2007 12 31
0%
1%
2%
3%
4%
5%
2006-4-27 2006-8-27 2006-12-27 2007-4-27 2007-8-27 2007-12-27
3
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
2006.4.27 2006.12.31 2007
2006.4.27 2006.12.31 5,959,442.51
2007 5,934,843.80
11,894,286.31
42007
[2003]100 2003 9 30 9,800 2007 12 31 LOF
1965
1
2007 GDP 11.4% 1995 13 CPI 11 6.9% 11
13.7 24.8 2 2622 1 1.62 5.5 14.5
52007
2007 CPI 40 BP 3 Shibor 5 7.78% 2007 17 10 25 1 7 17
2
80 3.3875% 0.9434%
3
08 2008
2007 08 2008 CPI 2007 2008 62007
2008 CPI
2008
2007
72007
2006 4 27
30 10% 20%
2008 3 26
82007
2008 053
2007 12 31 2007
1 2 3
2007 12 31 2007
2008 3 24
92007
1
2007 12 31 2006 12 31
6(1)
9,883,959.28 3,399,514.33
1,855,371.31
6(2)
109,308,488.58 128,272,007.87
109,308,488.58 128,272,007.87
6(3)
95,000,262.50 24,900,000.00
6(4)
638,890.14 8,168.97
216,686,971.81 156,579,691.17
5(5)
54,605.40 54,057.46
5(5)
16,547.10 16,381.04
125,425.20 158,746.69
6(5)
7,130.64 16,072.07
450,997.09 112,447.29
6(6)
74,500.00 164,500.00
729,205.43 522,204.55
6(7)
215,957,766.38 156,057,486.62
6(8)
215,957,766.38 156,057,486.62
216,686,971.81 156,579,691.17
1.0000 215,957,766.38
102007
2
2007
2006 4 27 2006
12 31
7,429,952.66 8,851,879.93
1
7,473,052.38 7,492,298.95
6(7) 511,935.77 2,189,198.09
2,996,287.88 3,801,061.05
3,964,828.73 1,502,039.81
2
-43,099.72 1,281,749.78
-43,099.72 1,281,749.78
3
—
77,831.20
1,495,108.86 2,892,437.42
1 6(4) 555,091.59 1,216,130.69
2 6(4) 168,209.75 368,524.32
3 6(4) 420,523.96 921,311.05
4
122,291.64 176,518.25
122,291.64 176,518.25
5 6(9) 228,991.92 209,953.11
5,934,843.80 5,959,442.51
112007
3
2007
2006 4 27
2006 12 31
156,057,486.62 156,057,486.62 1,729,582,293.12
1,729,582,293.12
5,934,843.80 5,934,843.80 5,959,442.51 5,959,442.51
59,900,279.76 59,900,279.76 -1,573,524,806.50 -1,573,524,806.50
1,847,920,261.69 1,847,920,261.69 1,588,719,557.24 1,588,719,557.24
-1,788,019,981.93 -1,788,019,981.93 -3,162,244,363.74 -3,162,244,363.74
-5,934,843.80 -5,934,843.80 -5,959,442.51 -5,959,442.51
215,957,766.38 215,957,766.38 156,057,486.62 156,057,486.62
122007
1
( ) [2006]49 2006 4 27 1,729,582,293.12
397 397 6
2008 3 24
2
2006 < > 2 3 5
[2006]23 < > 2007 7 1 2006 38 3 10
2007 12
31 2007
132007
3
1
1 1 12 31 2007 1 1 1 2007 12 31
2
3
4
2007 7 1 2007 7 1
A.
B. 2007 7 1 2007 7 1
C.
D.
142007
0.25% 0.5%
5
2007 7 1 2007 7 1
2007 7 1 2007 7 1
2007 7 1 2007 7 1
6 (2006)22
152007
2007 7 1 2007 7 1
7
0.33%
0.1%
0.25%
2007 7 1 2007 7 1
8
1.00
9
A. 1.00 1.00 1.00
B.
162007
C.
D.
E.
F.
G.
10
2 2007 7 1 3 (4) (7)
4
1
[2004]78 2004 1 1
2
[2002]128 20%
5
1
172007
2
2007
2006 4 27 2006 12 31 .
1,379,100,000.00 100% 1,746,200,000.00 100%
3
2007
29,818,968.30
2006 4 27 ( ) 2006 12 31
A. 59,928,816.52
B. 278,994,796.31 17,926.73
4
2007-12-31 2006-12-31
9,883,959.28 3,399,514.33
2007 2006 4 27 2006 12 31
306,904.59 2,165,965.15
5
A.
0.33%
H=E 0.33%/
H
E
2007 54,057.46 555,091.59 554,543.65 54,605.40
182007
2006 4 27 2006 12 31
1,216,130.69 1,162,073.23 54,057.46
B.
0.1%
H=E 0.1%/
H
E
2007 16,381.04 168,209.75 168,043.69 16,547.10
2006 4 27 2006 12 31
368,524.32 352,143.28 16,381.04
C.
0.25%
H=E 0.25%/
H
E
2007
117,621.06 266,410.57 307,577.13 76,454.50
35,617.50 116,580.32 116,359.62 35,838.20
5,171.06
23,871.21
22,216.81
6,825.46
158,409.62 406,862.10 446,153.56 119,118.16
2006 4 27 2006 12 31
591,414.22 473,793.16 117,621.06
208,491.34 172,873.84 35,617.50
89,836.89
84,665.83
5,171.06
889,742.45 731,332.83 158,409.62
192007
5
A.
2007 2006 4 27 2006
12 31
B.
2007 2006
6
1
2007-12-31
2006-12-31
9,883,959.28 3,399,514.33
9,883,959.28 3,399,514.33
2007 2006 4 27 2006 12 31
2
2007-12-31
2006-12-31
109,308,488.58 128,272,007.87
3
2007-12-31 2006-12-31
12,990.43 4,075.83
918.39
70.38
590,779.76
34,131.18
4,093.14
638,890.14
8,168.97
4
2007-12-31 2006-12-31
1,820.00 2,492.05
1,530.64 3,310.02
3,780.00 10,270.00
7,130.64 16,072.07
5
2007-12-31
2006-12-31
202007
4,500.00 4,500.00
70,000.00 80,000.00
80,000.00
74,500.00 164,500.00
6
2007 2006 4 27 2006 12 31 156,057,486.62 1,729,582,293.12
1,847,920,261.69 1,588,719,557.24
4,456,899.04 4,344,526.96
1,788,019,981.93 3,162,244,363.74
215,957,766.38
156,057,486.62
7
2007 2006 4 27 2006 12 31
1,327,581,467.98 7,615,573,110.15
1,319,924,806.21 7,590,475,938.37
7,699,761.49
23,815,422.00
-43,099.72
1,281,749.78
8
2007 2006 4 27 2006 12 31
77,831.20
9
2007 2006 4 27 2006 12 31 70,000.00 80,000.00
120,000.00 80,000.00
20,991.92 37,553.11
18,000.00 12,000.00
400.00
228,991.92
209,953.11
7
212007
8
9
10
11
1
2
3
222007
4
(a)
b
3-(4)-
2007 12 31 1 1 5 5
9,883,959.28 9,883,959.28
1,855,371.31 1,855,371.31
99,357,302.569,951,186.02 109,308,488.58
95,000,262.50 95,000,262.50
638,890.14 638,890.14
206,096,895.659,951,186.02 638,890.14 216,686,971.81
54,605.40 54,605.40
16,547.10 16,547.10
125,425.20 125,425.20
7,130.64 7,130.64
450,997.09 450,997.09
74,500.00 74,500.00
729,205.43 729,205.43
206,096,895.65 9,951,186.02 -90,315.29 215,957,766.38
2006 12 31 1 1 5 5
232007
3,399,514.33 3,399,514.33
128,272,007.87 128,272,007.87
24,900,000.00 24,900,000.00
8,168.97 8,168.97
156,571,522.20 8,168.97 156,579,691.17
54,057.46 54,057.46
16,381.04 16,381.04
158,746.69 158,746.69
16,072.07 16,072.07
112,447.29 112,447.29
164,500.00 164,500.00
522,204.55 522,204.55
156,571,522.20 -514,035.58 156,057,486.62
/ %
2007 12 31
+1.00 -864.90
-1.00 914.50
2006 12 31
+1.00 -590.00
-1.00 599.60
Nelson-siegel
(c)
242007
1
109,308,488.5850.45%
95,000,262.5043.84%
2
11,739,330.59 5.42%
3
4
638,890.140.29%
216,686,971.81 100%
1,709,093,855.29 3.27%
1
2
1
2 20%
%
1 2007-4-19 20.04% 2007-4-23
2 2007-4-20 20.06% 2007-4-23 3 2007-4-21 20.06% 2007-4-23
4 2007-4-22 20.06% 2007-4-23
20%
1
1
46
2
165
3
38
252007
180
2
1 30 72.57% 2 30 60 60 90 4.61% 3 397
4.61% 4 90 180 9.26% 5 180 397 13.60%
100.04%
1
1
9,951,186.024.61%
2
3
99,357,302.5646.01%
4
5
109,308,488.58 50.62%
397 9,951,186.02 4.61%
2
( )
( )
(%)
1 0701 500,00049,988,841.02 23.15%
2 0791 300,00029,380,261.56 13.60%
3 0540 200,00019,988,199.98 9.26%
4 05 02 100,0009,951,186.02 4.61%
262007
0.25 0.5 0
0.0667%
-0.1802%
0.0543%
1
2007 7 1 2007 7 1
2 397 397 20
3
4
5
1
638,890.14
638,890.14
1
156,057,486.62
2
1,847,920,261.69
3
1,788,019,981.93
4
215,957,766.38
272007
1,608 134,302.09
75,692,910.71 35.05% 140,264,855.67 64.95%
16,301.18 0.0075
1
2
12
1 2007/1/10 2007/1/10
2 2007/2/12 2007/2/12
3 2007/3/12 2007/3/12
4 2007/4/10 2007/4/10
282007
5 2007/5/10 2007/5/10
6 2007/6/11 2007/6/11
7 2007/7/10 2007/7/10
8 2007/8/10 2007/8/10
9 2007/9/10 2007/9/10
10 2007/10/10 2007/10/10
11 2007/11/12 2007/11/12
12 2007/12/10 2007/12/10
8
0.5%
1
2007-3-19
2
2006 2007-3-28
3
2007-4-20
4
2007-4-25
5
2007-4-25
6
2007-5-19
7
2007-5-31
8
2007-6-8
9
2007-7-2
10 2007 2007-7-2
11
2007-9-25
12
2007-9-28
13
2007-10-12
14 2007 3 2007-10-27
15
2007-11-5
16
2007-11-8
17
2007-11-8
18
2008
2007-12-26
292007
1
1 1,379,100,000.00 100.00% 0.00
1 1,379,100,000.00 100.00% 0.00
2
1
2
3
4
5
6
400-678-0099 021-38824536
2008 3 29
30
