1
2009
2009 12 31
2010 3 31 2
...................................................................................................................................2
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3
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4
377020 377020 2007 4 13 9,259,702,774.17 1 “ ” “ ” 2 5
300 ×80% ×20% 021-38794999 010-66105799
peter.zhu@jpmf-siti
co.com custody@icbc.com.cn 400-889-4888
021-38794888 95588 021-68881170 010-66105798 99
20 55 99
20 55 200120 100140 www.51fund.com 99 20
6
1. 2. 14.17% 1.46% 15.30% 1.41% -1.13% 0.05%
13.13% 1.72% 10.51% 1.70% 2.62% 0.02%
72.62% 1.65% 77.54% 1.64% -4.92% 0.01%
- - - - - -
- - - - - -
39.13% 1.79% 11.99% 2.03% 27.14% -0.24%
7
8
2008 2004 5 12
2007 10 8 “ ” 2.5
2009 12 2004 9 15 1,669,305,034.88 2005 4 13 991,360,522.73 2005 10 11 767,620,088.15 2006 04 26 6,435,738,977.50 2006 09 20 5,480,692,618.04 2007 04 13 9,884,799,607.98 2007 10 22 29,572,160,439.53 2008 5 21 1,423,318,139.20 2009
1 21 826,057,598.05 2009 6 24 1,801,237,418.78 A 423,047,194.30 B 1,378,190,224.48
2008-9-27 - 11 9
2007 4 2008 4 2008 5 2009 4 10
,
2009
A
2008
11
A 2009
A
1
2
3
4
5
,
12
13
( ) 2009
12 31 2009 ( )
(1)
(2)
(3)
2009 12 31 2009
·
2010 3 30
14
2009 12 31
15
2009 12 31 1.2760 9,259,702,774.17
2009 1 1 2009 12 31
16
2009 1 1 2009 12 31
2009 1 1
2009 12 31 2008 1 1
2008 12 31 17
18
19
20
21
22
2009 12 31
23
24
2009 1 1 2009 12 31
2009 1 1
2009 12 31 2008 1 1
2008 12 31 25
2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1
2009 12 31 2008 1 1
2008 12 31 26
2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1
2009 12 31 2008 1 1
2008 12 31
2009 1 1
2009 12 31 2008 1 1
2008 12 31 27
2009 1 1
2009 12 31 2008 1 1
2008 12 31
( )
( )
( )
J.P. Morgan Investment Management Limited
( )
J.P. Morgan Asset Management
(London) Limited
( )
J.P. Morgan 8CS Investments (GP) Limited
(2009 10 27 J.P.Morgan Asset
Management Real Estate Advisers Limited)
( )
28
2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1 2009 12 31 2008 1 1
2008 12 31
2009 1 1 2009 12 31
2008 1 1 2008 12 31 29
2009 1 1
2009 12 31 2008 1 1
2008 12 31 2009 1 1
2009 12 31 2008 1 1
2008 12 31
30
09/10/15 10/02/01
09/10/19 10/02/01
31
32
2009 12 31 3 3 1 1 5 5
974,328,279.44 - - - - 974,328,279.44
55,586,542.48 - - - - 55,586,542.48
- - - - 17,657,811.8417,657,811.84
49,835,000.00 245,675,000102,680,000.00 - 10,650,716,190.3311,048,906,190.33
- - - - 5,822,196.255,822,196.25
26,816.98 - - - 105,272,118.10105,298,935.08
1,079,776,638.90 245,675,000102,680,000.00 - 10,779,468,316.52 12,207,599,955.42
- - - - 275,866,839.88275,866,839.88
- - - - 73,987,437.5973,987,437.59
- - - - 14,809,994.1514,809,994.15
- - - - 2,468,332.342,468,332.34
- - - - 23,770,999.0623,770,999.06
- - - - 1,057,761.471,057,761.47
- - - - 391,961,364.49391,961,364.49
1,079,776,638.90 245,675,000102,680,000.00 - 10,387,506,952.0311,815,638,590.93
3 3 1 1 5 5
33
2008 12 31
655,697,121.97 - - - - 655,697,121.97
11,213,243.43 - - - - 11,213,243.43
- - - - 1,647,652.901,647,652.90
163,819,000.00465,119,500.00 294,536,331.71 166,850,810.00 6,581,444,888.87 7,671,770,530.58
- - - - 77,804,985.1577,804,985.15
- - - - 14,202,643.4014,202,643.40
2,036,061.57 - - - 1,324,431.983,360,493.55
832,765,426.97465,119,500.00 294,536,331.71 166,850,810.00 6,676,424,602.30 8,435,696,670.98
- - - - 8,675,883.838,675,883.83
- - - - 4,952,424.534,952,424.53
- - - - 10,737,810.6810,737,810.68
- - - - 1,789,635.121,789,635.12
- - - - 5,125,704.365,125,704.36
- - - - 673,699.48 673,699.48
- - - - 31,955,158.0031,955,158.00
832,765,426.97465,119,500.00 294,536,331.71 166,850,810.00 6,644,469,444.30 8,403,741,512.98
34
60%-95% 0-40% VaR(Value at Risk)
2009 12 31
2008 12 31
300
( )
2009 12 31
2008 12 31
1. 300 5%
2. 300 5%
35
36
37
38
2% 20
39
40
41
42
43
44
2009 2 28
2009 5 20
2009 10 31 45
46
1.
000709
2009 1 5
2.
000792
2009 1 6
3.
000792
2009 1 9
47
4.
2009 2 6
5.
2009 2 28
6.
2009 4 9
7.
8.
2009 5 20
9.
2009 7 6
10.
2009 9 23
11.
2009 10 31
1 2 3 4 5 6 www.51fund.com
