1
2010
2010 12 31
2011 3 29
2
§1
1.1
2011 3
28
2010 1 1 12 31
§1
.......................................................................................................................2
1.1 ...........................................................................................................................2
§2
..................................................................................................................................4
2.1 ....................................................................................................................4
2.2 ....................................................................................................................4
2.3 ..................................................................................................5
2.4 .......................................................................................5
2.5 ....................................................................................................................5
2.6 ....................................................................................................................6
§3
........................................................................6
3.1 ..................................................................................................6
3.2 ....................................................................................................................7
3.3 ...........................................................................................8
§4
..............................................................................................................................8
4.1 ...............................................................................................8
4.2 .....................................................10
4.3 .........................................................10
4.4 ....................................................................10
3
4.5 .....................................................10
4.6 ..................................................... 11
4.7 .................................................................... 11
4.8 ................................................................12
4.9 ....................................................................12
§5
............................................................................................................................12
5.1 .......................................................................12
5.2 ..........13
5.3 / .........13
§6
................................................................................................................................13
6.1 ...........................................................................................................13
6.2 .......................................................................................................13
§7
........................................................................................................................15
7.1 .......................................................................................................................15
7.2 .............................................................................................................................16
7.3 .....................................................................................17
7.4 .........................................................................................................................18
§8
........................................................................................................................37
8.1 ....................................................................................................37
8.2 .........................................................38
8.3 .....................................................................................38
8.4 ................................39
8.5 ..................................................................................43
8.6 .......................................................................44
8.7 ............................44
8.8 ..............45
8.9 ..................45
8.10 ..........................45
8.11 .........................................................................................................45
9
................................................................................................................46
9.1 ...........................................................................46
9.2 .....................................................46
§10
............................................................................................................46
§11
.......................................................................................................................47
11.1 ..............................................................................................47
11.2 .....................................47
11.3 .......................................................47
11.4 ......................................................................................................48
11.5 .............................................................................48
11.6 ................................................48
11.7 .........................................................................48
11.8 ................................................................................................................50
§12
......................................................................................................................50
4
§2
2.1
377016
377016
2007 10 22
23,583,479,226
2.2
,
MSCI AC Asia Pacific Index ex
Japan
5
2.3
021-38794999 010-66105799
xia.hong@jpmf-sitic
o.com
custody@icbc.com.cn
400-889-4888
021-38794888
95588
021-68881170 010-66105798
99 20
55
99 20
55
200120 100140
2.4
JF Asset Management
Limited
The Bank of New York Mellon
Company
JF
8 21
, 1
8 21
, 1
2.5
6
/ www.51fund.com
/
2.6
202 2 11
99 20
§3
3.1
3.1.1
2010 2009 2008
1,481,814,165
-785,172,105
-12,715,595,466
2,088,619,495
6,295,386,031
-15,270,565,082
0.0824 0.2251
-0.5132
13.42 45.83%
-84.26%
14.00 58.49% -57.21%
3.1.2
2010 2009 2008
-7,274,218,961 -10,457,482,594
-17,447,761,650
-0.3084 -0.3927
-0.6165
16,309,260,265
16,171,684,000 10,852,049,689
0.692 0.607 0.383
3.1.3
2010 2009 2008
-30.80% -39.30 -61.70%
1.
2.
7
3.2
3.2.1
5.65% 1.07% 5.88% 0.94% -0.23% 0.13%
24.68% 0.98% 22.25% 0.94% 2.43% 0.04%
14.00% 1.27% 11.50% 1.24% 2.50% 0.03%
-22.68% 1.93% -18.04% 2.03% -4.64% -0.10%
-30.80% 1.97% -24.26% 2.07% -6.54% -0.10%
MSCI AC Asia Pacific Index
ex Japan
3.2.2
2007 10 22 2010 12 31
1. 2007 10 22 2007 10 22 2010 12
31
2. 60%-100% 0%-40%
3.2.3
8
2007 10 22 2010 12 31
1. 2007 10 22 2007 10 22 2010 12
31
2.
3.3
§4
4.1
4.1.1
2004 5 12
2007 10 8 “ ” 2.5
2010 12 9
4.1.2
2007-10-22 - 17 EMBA 1993 JF JF JF 2007 7
2008-3-8 -
6 17
2004 6 2007 10 2008 3
1.
2.
10
4.2
JF 17
JF
16
4.3
4.4
4.4.1
4.4.2
2009 2009
4.4.3
4.5
4.5.1
11
2010 , 2010 , , , QE2 , , , 2010
2010 , 9 , 11 ,
4.5.2
2010 12 31 0.692 14.00% 11.50%
4.6
2009 2010 , 2011 2011
, , , : , , , 2010 841 2009 31%, 1 , , ,
, , ,
,
4.7
“ ”
1
12
2
3
4
,
4.8
4.9
2010
§5
5.1
2010
13
5.2
2010
5.3
2010
§6
6.1
(2011) 20628
6.2
( “ ”) 2010 12 31 2010
( )
14
(1)
(2)
(3)
2010 12
31 2010
·
2011 3 28
15
§7
7.1
2010 12 31
2010 12 31
2009 12 31
7.4.7.1 646,976,9461,310,280,256
--
--
7.4.7.2 15,732,508,76714,795,112,018
15,157,345,81514,494,002,054
575,162,952 301,109,964
--
--
7.4.7.3 - -
7.4.7.4 - -
10,038,037 175,845,788
7.4.7.5 105,044 133,121
3,750,701 -
889,277 1,403,805
--
7.4.7.6 15,946,386 3,376,717
16,410,215,158 16,286,151,705
2010 12 31
2009 12 31
--
--
7.4.7.3 - -
--
5,775,589 5,025,139
45,752,54240,738,989
24,749,406 24,528,493
4,812,384 4,769,429
--
16
7.4.7.7 - -
-19,254 -831,667
--
--
7.4.14
(1)(c) 19,385,864 36,351,492
7.4.7.8 498,362 3,885,830
100,954,893 114,467,705
7.4.7.9 23,583,479,22626,629,166,594
7.4.7.10-7,274,218,961-10,457,482,594
16,309,260,265 16,171,684,000
16,410,215,158 16,286,151,705
2010 12 31 0.692 23,583,479,226
7.2
2010 1 1 2010 12 31
2010 1 1 2010 12 31
2009 1 1 2009 12 31
2,575,788,052 6,818,228,540
1.
4,724,2415,846,486
7.4.7.11 4,724,241 5,846,486
--
--
--
--
2. ( “-”)
1,965,190,764-255,630,862
7.4.7.121,659,682,694-533,028,902
7.4.7.13 9,560,06826,183,462
7.4.7.14 - -
--
7.4.7.15-2,967,067 4,649,039
7.4.7.16298,915,069246,565,539
3. ( “-”) 7.4.7.17606,805,3307,080,558,136
4. ( “-”)
-1,484,674 -14,071,879 17
5. ( “-” ) 7.4.7.18 552,391 1,526,659
476,032,072 466,633,893
1.
280,514,911246,970,832
2.
54,544,56648,022,106
3.
--
4.
7.4.7.19140,181,262170,985,269
5.
--
--
6.
7.4.7.20791,333655,686
( “-” )
2,099,755,980 6,351,594,647
7.4.14
(1)(d) 11,136,485 56,208,616
( “-” )
2,088,619,495 6,295,386,031
7.3
2010 1 1 2010 12 31
2010 1 1 2010 12 31
( ) 26,629,166,594 -10,457,482,594 16,171,684,000
( ) - 2,088,619,495 2,088,619,495
( “-” ) -3,045,687,368 1,094,644,138 -1,951,043,230
1. 616,387,420 -235,993,670 380,393,750
2. -3,662,074,788 1,330,637,808 -2,331,436,980
( “-” ) ---
( ) 23,583,479,226 -7,274,218,961 16,309,260,265
2009 1 1 2009 12 31
( ) 28,299,811,339 -17,447,761,650 10,852,049,689
( ) - 6,295,386,031 6,295,386,031
18
( “-” ) -1,670,644,745 694,893,025 -975,751,720
1.
2,343,092,161 -1,247,638,638 1,095,453,523
2.
-4,013,736,906 1,942,531,663 -2,071,205,243
( “-” ) ---
( ) 26,629,166,594 -10,457,482,594 16,171,684,000
7.1 7.4
—————————
—————————
————————
7.4
7.4.1
( “ ”) ( “ ”) [2007] 274 29,568,958,774 (2007) 136 2007
10 22 29,572,160,440 3,201,666 ( ) JF
60%-100% 0%-40% 19
( )
2011 3 28
7.4.2
2006 2 15 38 ( “ ”) [2010]5 XBRL 3 < > 2007 5 15
7.4.4
7.4.3
2010 2010
12 31 2010
7.4.4
7.4.4.1
1 1 12 31
7.4.4.2
7.4.4.3
(1)
(2)
20
7.4.4.4
7.4.4.5
(1)
(2)
(3)
7.4.4.6
7.4.4.7
21
7.4.4.8
/( )
7.4.4.9 /
7.4.4.10
7.4.4.11
( ) ( )
7.4.4.12
7.4.4.13
22
(1) (2) (3)
7.4.4.14
(a)
( )
?
?
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
[2002]128 [2004]78 [2008]1
23
(1)
(2)
(3)
7.4.7
7.4.7.1
2010 12 31
2009 12 31
560,881,846 941,557,456
86,095,100 368,722,800
1 86,095,100 368,722,800
--
646,976,946 1,310,280,256
1. 2010 12 31 22,199,711 ( 18,890,400 ) 15,267,078 ( 101,109,278 ) 47,500
( 245,563 ) 108,733 ( 738,146 ) 149,296,019 ( 33,911,571 )
2009 12 31 346,968,973 ( 305,499,241 ) 54,832,988 ( 374,410,610 ) 307,461,608 ( 45,114,631 ) 33 ( 202 )
2.
7.4.7.2
2010 12 31
12,678,931,09415,157,345,8152,478,414,721
---
---
---
---
459,737,850575,162,952115,425,102
---
24
13,138,668,944 15,732,508,7672,593,839,823
2009 12 31
12,558,469,15514,494,002,0541,935,532,899
---
---
---
---
249,608,370301,109,96451,501,594
---
12,808,077,525 14,795,112,0181,987,034,493
7.4.7.3 /
7.4.7.4
7.4.7.5
2010 12 31
2009 12 31
104,757 132,481
287 640
--
--
--
--
--
--
105,044 133,121
7.4.7.6
2010 12 31
2009 12 31
15,946,386 -
--
-3,376,717
25
15,946,386 3,376,717
2010 12 31 2009
7.4.7.7
7.4.7.8
2010 12 31
2009 12 31
--
18,362 34,557
480,000 480,000
-3,371,273
498,362 3,885,830
7.4.7.9
2010 1 1 2010 12 31
( )
26,629,166,59426,629,166,594
616,387,420616,387,420
( “-”) -3,662,074,788 -3,662,074,788
23,583,479,22623,583,479,226
7.4.7.10
-12,672,084,5882,214,601,994-10,457,482,594
1,481,814,165606,805,3302,088,619,495
1,386,193,968-291,549,8301,094,644,138
-281,632,607 45,638,937 -235,993,670
1,667,826,575 -337,188,767 1,330,637,808
---
-9,804,076,4552,529,857,494-7,274,218,961
7.4.7.11
26
2010 1 1
2010 12 31
2009 1 1
2009 12 31
3,716,055 5,824,164
1,007,184 18,858
--
--
1,002 3,464
4,724,241 5,846,486
7.4.7.12 ——
2010 1 1
2010 12 31
2009 1 1
2009 12 31
25,652,362,271 30,159,987,929
23,992,679,577 30,693,016,831
1,659,682,694 -533,028,902
7.4.7.13
2010 1 1
2010 12 31
2009 1 1
2009 12 31
171,067,078 204,580,033
161,507,010 178,396,571
9,560,068 26,183,462
7.4.7.14
7.4.7.15
7.4.7.15.1 ——
2010 1 1
2010 12 31
2009 1 1
2009 12 31
8,153,465 40,010,520
11,120,532 35,361,481
-2,967,067 4,649,039
/ /
27
7.4.7.15.2 ——
7.4.7.16
2010 1 1
2010 12 31
2009 1 1
2009 12 31
289,252,612 241,987,284
9,662,457 4,578,255
298,915,069 246,565,539
7.4.7.17
2010 1 1
2010 12 31
2009 1 1
2009 12 31
1.
606,805,330 7,099,985,288
—— 542,881,8227,048,483,694
—— --
—— --
—— 63,923,508 51,501,594
2.
--19,427,152
—— --19,427,152
3.
--
606,805,330 7,080,558,136
7.4.7.18
2010 1 1
2010 12 31
2009 1 1
2009 12 31
552,391 1,526,659
552,3911,526,659
25%
7.4.7.19
2010 1 1
2010 12 31
2009 1 1
2009 12 31
28
140,181,262 170,985,269
--
140,181,262170,985,269
7.4.7.20
2010 1 1
2010 12 31
2009 1 1
2009 12 31
180,000 180,000
300,000 300,000
56,301 150,965
175,834 -
79,19824,721
791,333655,686
7.4.8
7.4.8.1
7.4.8.2
7.4.9
(“ ”)
(“ ”)
(The Bank of New
York Mellon Corporation “ ”)
( )
J.P. Morgan Investment Management Limited
( )
J.P. Morgan 8CS Investments (GP) Limited
( )
JF
29
JPMorgan Chase & Co.
JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management (Asia) Inc.
7.4.10
7.4.10.1
7.4.10.2
7.4.10.2.1
2010 1 1
2010 12 31
2009 1 1
2009 12 31
280,514,911 246,970,832
36,694,622 31,987,814
: 1.8% ( ) ( )
X 1.8% /
7.4.10.2.2
2010 1 1
2010 12 31
2009 1 1
2009 12 31
54,544,566 48,022,106
: 0.35% ( ) ( )
X 0.35% /
30
7.4.10.3
7.4.10.4
7.4.10.4.1
2010 1 1
2010 12 31
2009 1 1
2009 12 31
(2007 10 22
)
--
10,399,03312,674,095
--
--
10,399,033 2,275,062
-10,399,033
- 0.04%
: 0.30%
7.4.10.4.2
7.4.10.5
2010 1 1
2010 12 31
2009 1 1
2009 12 31
492,174,487 3,688,492 585,345,973 5,543,039
154,802,459 1,034,747 724,934,283 299,983
7.4.10.6
7.4.10.7
31
7.4.11
7.4.12 2010 12 31
7.4.13
7.4.13.1
“ ”
7.4.13.2
32
2010 12 31 (2009 12 31 )
7.4.13.3
10% 10%
( )
7.4.13.4
7.4.13.4.1
7.4.13.4.2
33
7.4.13.4.2.1
2010 12 31
18,890,400 101,109,278 738,146 245,563 - - 33,911,571 154,894,958
5,779,831,715 575,162,952 2,769,191,918 945,318,372 2,185,755,403 1,548,911,270 1,928,337,137 15,732,508,767
3,772,926 - - - -6,265,111 - 10,038,037
-2 8 7 ----- 2 8 7
- - 3,750,701 - - - - 3,750,701
- - - - -15,946,386 - 15,946,386
5,802,495,041 676,272,517 2,773,680,765 945,563,935 2,185,755,403 1,571,122,767 1,962,248,708 15,917,139,136
5,775,589 - - - - - - 5,775,589
- - - - - -19,254 - -19,254
- - - - -19,385,864 - 19,385,864
-- ----- -
5,775,589 - - - -19,366,610 - 25,142,199
5,796,719,452 676,272,517 2,773,680,765 945,563,935 2,185,755,403 1,551,756,157 1,962,248,708 15,891,996,937
2009 12 31
305,499,241374,410,610 202 - -45,114,631 - 725,024,684
6,272,811,395 585,961,676 2,175,076,254 1,100,808,413 1,618,295,869 1,380,838,235 1,661,320,176 14,795,112,018
160,194,52315,651,265 - - - - - 175,845,788
-6 4 0 ----- 6 4 0
- - 3,376,717 - - - - 3,376,717
6,738,505,159 976,024,191 2,178,453,173 1,100,808,413 1,618,295,869 1,425,952,866 1,661,320,176 15,699,359,847
- - 5,025,139 - - - - 5,025,139
- - - - - -831,667 - -831,667
- - - - -36,351,492 - 36,351,492
-3,371,273 - - - - - 3,371,273
- 3,371,273 5,025,139 - - 35,519,825 - 43,916,237
6,738,505,159 972,652,918 2,173,428,034 1,100,808,413 1,618,295,869 1,390,433,041 1,661,320,176 15,655,443,610 34
7.4.13.4.2.2
2010 12 31
2009 12 31
1. 5% 79,460 78,277
2. 5% 79,460 78,277
7.4.13.4.3
,
60%-100% 0%-40% VaR(Value at Risk)
7.4.13.4.3.1
2010 12 31
2009 12 31
(%)
(%)
15,157,345,815 92.94 14,494,002,054 89.63
575,162,952 3.53 301,109,964 1.86
-- - -
-- - -
35
15,732,508,76796.4614,795,112,018 91.49
2010 12 31
2009 12 31
(%)
(%)
4,749,264,06129.124,734,347,150 29.28
2,660,302,79616.312,175,076,254 13.45
2,185,755,40313.401,618,295,869 10.01
1,548,911,2709.501,485,575,688 9.19
1,030,567,6546.321,538,464,245 9.50
945,318,3725.801,100,808,413 6.81
2,612,389,21116.022,142,544,399 13.25
15,732,508,76796.4614,795,112,018 91.49
7.4.13.4.3.2
( 7.4.1)
( )
2010 12 31
2009 12 31 1. ( 7.4.1) 5% 81,668 70,277
2. ( 7.4.1) 5% 81,668 70,277
7.4.14
(1) 2010 12 31
(a)
2010 12 31 2009 12 31
2,847,239 18,428,733 37,194,407 240,740,497
36
(b)
2010 12 31 2009 12 31
22,233,103 143,903,582 73,545,899 476,025,237
(c)
2010 12 31 2009 12 31
19,385,864 36,351,492
(d)
2010 1 1
2010 12 31
2009 1 1
2009 12 31
28,102,113 19,857,124
-16,965,628 36,351,492
11,136,485 56,208,616
2010 1 1 2010 12 31
181,890,699 28,102,113
2009 1 1 2009 12 31
128,525,074 19,857,124
(2)
(a)
(b)
( )
( ) ( ) 37
( )
2010 12 31 15,732,508,767 (2009 12 31 14,795,112,018 )
2010 (2009 )
(3)
§8
8.1
% 1
15,157,345,815 92.37
14,498,230,606 88.35
659,115,209 4.02
2
575,162,952 3.50
3
- -
- -
- -
4
- -
- -
- -
- -
- -
5
- -
- -
6
- -
7
646,976,946 3.94
8
30,729,445 0.19
9
16,410,215,158 100.00
38
8.2
5,779,831,715 35.44
2,769,191,918 16.98
2,185,755,403 13.40
1,548,911,270 9.50
945,318,372 5.80
618,107,631 3.79
550,226,087 3.37
517,160,248 3.17
242,843,170 1.49
15,157,345,815 92.94
ADR GDR
8.3
2,573,269,552 15.78
1,443,009,734 8.85
1,335,616,848 8.19
1,264,761,361 7.75
740,638,210 4.54
716,220,869 4.39
696,665,527 4.27
660,143,723 4.05
636,718,866 3.90
583,161,845 3.58
537,283,586 3.29
488,029,157 2.99
449,515,981 2.76
39
440,013,744 2.70
355,988,454 2.18
329,318,624 2.02
274,556,670 1.68
248,897,893 1.53
236,220,287 1.45
201,495,112 1.24
187,464,587 1.15
172,430,405 1.06
164,616,974 1.01
129,336,303 0.79
108,889,122 0.67
94,196,275 0.58
88,886,106 0.55
15,157,345,815 92.94
: MSCI
8.4
1 China Construction Bank Corp
939 HK
146,259,150 867,460,401 5.32
2 Ping An Insurance(Group)Co of China
2318HK
8,450,000 624,842,154 3.83
3 Samsung Electronics Co Ltd 005930 KS
82,507 456,914,032 2.80
4 KB Financial Group Inc - 105560 KS
1,296,667 454,001,403 2.78
5 BHP Billiton Ltd BHP AU
1,450,000 445,416,928 2.73
6 CNOOC Ltd
883 HK
26,920,000 422,405,736 2.59
7
Australia & New Zealand Banking Grp
Ltd
ANZ AU
2,550,000 404,210,134 2.48
8 Yanzhou Coal Mining Co Ltd
1171 HK
19,968,000 403,545,043 2.47
9 Infrastructure Development Finance Co - IDFC IN
13,500,000 365,103,830 2.24
40
Ltd
10 Housing Development Finance Corp Ltd - HDFC IN
3,300,000 355,988,454 2.18
11 Siam Cement Public Co Ltd - SCC-R TB
4,662,000 349,258,064 2.14
12 Hyundai Heavy Industries Co Ltd - 009540 KS
131,500 339,943,675 2.08
13 Keppel Corp Ltd - KEP SP
5,773,000 337,844,603 2.07
14 United Tractors Tbk - UNTR IJ
18,303,500 320,200,048 1.96
15 Samsung Engineering Co Ltd - 028050 KS
274,527 307,584,028 1.89
16 Rio Tinto Ltd - RIO AU
500,000 290,110,763 1.78
17 Agile Property Holdings Ltd
3383 HK
28,715,000 279,530,165 1.71
18 Wharf (Holdings) Ltd
( )
4 HK
5,083,000 258,651,576 1.59
19 Tencent Holdings Ltd 700 HK
1,731,800 248,897,893 1.53
20 Agricultural Bank of China
1288 HK
74,590,000 247,536,388 1.52
21 Petronas Chemicals Group Bhd - PCHEM MK
20,483,100 242,843,170 1.49
22 Hidili Industry Intl Development
1393 HK
41,315,000 230,976,056 1.42
23 Daelim Industrial Co Ltd - 000210 KS
335,000 229,699,558 1.41
24 Olam Intl Ltd - OLAM SP
13,200,000 214,275,531 1.31
25 China Resources Land Ltd 1109 HK
16,866,000 203,795,352 1.25
26 WorleyParsons Ltd - WOR AU
1,110,000 201,495,112 1.24
27 Banpu Public Co Ltd -
BANPU-R
TB
1,155,000 200,968,023 1.23
28 Zijin Mining Group Co Ltd
2899 HK
32,724,000 200,768,458 1.23
29 Samsung Techwin Co Ltd - 012450 KS
331,457 200,191,222 1.23
30 BOC Hong Kong (Holdings) Ltd
( )
2388 HK
8,800,000 198,062,467 1.21
31 Incitec Pivot Ltd - IPL AU
7,000,000 188,179,954 1.15
41
32 China Yurun Food Group Ltd
1068 HK
8,581,000 186,561,765 1.14
33 Intime Department Store (Group) Co Ltd
( )
1833 HK
19,000,000 183,664,731 1.13
34 Hindalco Industries Ltd - HNDL IN
5,000,000 182,914,783 1.12
35 Westpac Banking Corp - WBC AU
1,200,000 180,929,731 1.11
36 Transurban Group - TCL AU
5,000,000 173,788,125 1.07
37 Cairn India Ltd - CAIR IN
3,500,000 172,491,602 1.06
38 Qantas Airways Ltd - QAN AU
10,000,000 172,430,405 1.06
39 Cheung Kong (Holdings) Ltd
( )
1 HK
1,668,000 170,180,214 1.04
40 Amorepacific Corp - 090430 KS
24,767 164,616,974 1.01
41 Crown Ltd - CWN AU
2,900,000 162,417,222 1.00
42 China Shineway Pharmaceutical Group
2877 HK
8,489,000 161,085,048 0.99
43 Asciano Ltd - AIO AU
13,750,000 148,882,454 0.91
44 Parkson Retail Group Ltd
3368 HK
14,288,000 145,653,892 0.89
45 Taishin Financial Holdings Co Ltd
2887 TT
35,113,000 137,580,451 0.84
46 Oil Search Ltd - OSH AU
2,850,000 136,206,443 0.84
47 BBMG Corp
2009 HK
14,642,500 131,325,686 0.81
48 ITC Ltd - ITC IN
5,000,000 129,336,303 0.79
49 Global Logistics Properties Ltd - GLP SP
11,500,000 128,416,430 0.79
50 China Resources Cement Holdings Ltd
1313 HK
24,366,000 122,329,186 0.75
51 Formosa Chemicals & Fibre Corp
1326 TT
5,350,000 119,334,210 0.73
52 Mundra Port & Special Economic Zone - MSEZ IN
5,500,000 117,343,165 0.72
53 Kalbe Farma Tbk - KLBF IJ
47,500,000 113,471,622 0.70
42
54 Sintex Industries Ltd - SINT IN
4,200,000 113,307,932 0.69
55 DLF Ltd - DLFU IN
2,600,000 112,425,202 0.69
56 Kerry Properties Ltd 683 HK
3,243,000 111,762,423 0.69
57 Hutchison Whampoa Ltd 13 HK
1,638,000 111,505,867 0.68
58 News Corp Inc - NWS AU
1,000,000 108,889,122 0.67
59 Orient Overseas (Intl) Ltd
316 HK
1,661,500 106,602,043 0.65
60
Advanced Semiconductor Engineering
Inc
2311 TT
13,350,000 102,342,197 0.63
61 Largan Precision Co Ltd
3008 TT
572,000 94,196,275 0.58
62 Midas Holdings Ltd - MIDAS SP
19,000,000 92,822,746 0.57
63 Fraser & Neave Ltd - FNN SP
2,749,000 91,096,517 0.56
64 Microport Scientific Corp
853 HK
14,040,000 88,886,106 0.55
65 President Chain Store Corp
2912 TT
2,854,000 87,191,861 0.53
66 ASX Ltd - ASX AU
330,000 84,412,151 0.52
67 Bank Danamon Indonesia Tbk - BDMN IJ
19,927,000 83,488,579 0.51
68 Neptune Orient Lines Ltd - NOL SP
7,175,000 80,862,544 0.50
69 Chipbond Technology Corp
6147 TT
6,700,000 77,462,637 0.47
70 Sands China Ltd 1928 HK
5,078,000 73,803,065 0.45
71 AMP Ltd - AMP AU
2,000,000 71,823,374 0.44
72 OCI Co Ltd - 010060 KS
17,035 32,804,511 0.20
1. Ticker
2.
43
8.5
8.5.1 2% 20
1 BHP Billiton Ltd BHP AU 701,165,145
4.34
2 Keppel Corp Ltd KEP SP 593,248,816
3.67
3 Ping An Insurance(Group)Co of China 2318 HK 531,303,611
3.29
4 Westpac Banking Corp WBC AU 517,693,014
3.20
5 News Corp Inc NWS AU 492,829,169
3.05
6 China Construction Bank Corp 939 HK 462,300,251
2.86
7 Australia & New Zealand Banking Grp ANZ AU 443,155,042
2.74
8 Rio Tinto Ltd RIO AU 426,938,212
2.64
9 Bank of China Ltd 3988 HK 392,193,441
2.43
10 Hidili Industry Intl Development 1393 HK 356,461,010
2.20
11 Yanzhou Coal Mining Co Ltd 1171 HK 347,782,104
2.15
12 China Resources Land Ltd 1109 HK 337,035,178
2.08
13 Zijin Mining Group Co Ltd 2899 HK 331,178,577
2.05
14 Siam Cement Public Co Ltd SCC-R TB 325,354,320
2.01
15 National Australia Bank Ltd NAB AU 321,792,939
1.99
16 Macquarie Group Ltd MQG AU 303,795,114
1.88
17 Hyundai Heavy Industries Co Ltd 009540 KS 295,870,334
1.83
18 Tata Steel Ltd TATA IN 294,587,856
1.82
19 Telstra Corp Ltd TLS AU 291,952,683
1.81
20 Tata Motors Ltd TTMT IN 283,942,007
1.76
8.5.2 2% 20
1 Bank of China Ltd 3988 HK 702,700,925
4.35
44
2 National Australia Bank Ltd NAB AU 673,451,629
4.16
3 Commonwealth Bank of Australia CBA AU 554,873,222
3.43
4 China Shenhua Energy Co Ltd 1088 HK 542,538,480
3.35
5 BHP Billiton plc BLT LN 480,344,365
2.97
6 Tata Motors Ltd TTMT IN 414,597,423
2.56
7 China Life Insurance Co Ltd 2628 HK 408,281,197
2.52
8 Woodside Petroleum Ltd WPL AU 395,180,032
2.44
9 Jiangxi Copper Co Ltd 358 HK 375,428,042
2.32
10 Samsung Electronics Co Ltd 005930 KS 362,820,645
2.24
11 China Construction Bank Corp 939 HK 359,748,674
2.22
12 News Corp Inc NWS AU 358,380,241
2.22
13 Poly Hong Kong Investment Ltd 119 HK 348,602,347
2.16
14 China Yurun Food Group Ltd 1068 HK 342,263,243
2.12
15 Neptune Orient Lines Ltd NOL SP 332,688,238
2.06
16 Asciano Ltd AIO AU 318,383,772
1.97
17 Macquarie Group Ltd MQG AU 313,380,205
1.94
18 Keppel Land Ltd KPLD SP 310,985,470
1.92
19 Infosys Technologies Ltd INFO IN 307,133,289
1.90
20 Tencent Holdings Ltd 700 HK 289,650,996
1.79
8.5.3
24,059,150,382
25,652,362,271
8.6
8.7
45
8.8
8.9
8.10
% 1
iShares MSCI
Taiwan Webs
Index Units
ETF ETF
I shares
Inc.
575,162,952 3.53
8.11
8.11.1
8.11.2
8.11.3
1
-
2
10,038,037
3
3,750,701
4
105,044
5
889,277
6
15,946,386
7
-
8
-
9
30,729,445
8.11.4
46
8.11.5
8.11.6
9
9.1
( )
1,597,593
14,761.88 240,346,385 1.02% 23,343,132,841 98.98%
9.2
376,086
0.0016
§10
47
(2007 10 22 )
29,572,160,440
26,629,166,594
616,387,420
3,662,074,788
-
23,583,479,226
§11
11.1
11.2
2010 2 3
2010 6 12
11.3
48
11.4
11.5
180,000 4
11.6
11.7
Goldman Sachs
Securities Ltd
1 2,233,034,536 4.49 196,497,113 36.21 5,046,447 4.93
JP Morgan Secs Ltd 1 2,353,096,245 4.73 251,014,171 46.25 6,027,762 5.89
CIMB Securities Ltd 1 107,796,136 0.22 - - 212,694 0.21
Macquarie Securities
Ltd
1 531,825,117 1.07 - - 1,015,496 0.99
Citigroup Global
Mkts Ltd
1 3,491,559,831 7.02 - - 6,580,470 6.43
Merrill Lynch 1 3,988,256,232 8.02 - - 8,145,448 7.96
CLSA Ltd 1 5,231,637,472 10.52 30,456,002 5.61 10,501,854 10.26
Morgan Stanley Ltd 1 5,141,933,232 10.34 - - 11,048,084 10.80
Credit Suisse Ltd 1 8,049,725,515 16.19 64,736,367 11.93 16,104,423 15.74
49
Enam Securities Ltd 1 113,173,065 0.23 - - 255,902 0.25
Samsung Securities
Co Ltd
1 592,013,753 1.19 - - 1,277,240 1.25
UBS Securities Ltd 1 7,524,056,683 15.13 - - 13,228,552 12.93
HSBC Hongkong 1 29,633,921 0.06 - - 53,822 0.05
Deutsche Bank AG
London
1 271,491,295 0.55 - - 409,685 0.40
China Intl Capital
Corp Secs Ltd
1 2,101,410,641 4.23 - - 5,403,684 5.28
Sinopac Securities
Co Ltd
1 823,986,794 1.66 - - 1,698,644 1.66
Yuanta Securities
Co Ltd
1 899,895,123 1.81 - - 1,996,943 1.95
CCB International
Securities Ltd
1 93,961,967 0.19 - - 164,433 0.16
Nomura intl Ltd 1 6,141,178,47712.35 - - 13,151,48612.85
BNP Paribas 1 - - - - - -
20 49,719,666,035 100 542,703,653 100 102,323,069 100
1.
1 ,
2 ,
3 ,
4 , ,
5 , ,
2.
1
2
3. 2010 CIMB Securities Ltd Macquarie Securities Ltd Enam Securities Ltd HSBC
Hongkong Sinopac Securities Co Ltd Yuanta Securities Co Ltd CCB International Securities Ltd BNP Paribas 8
50
11.8
1
2010 2 3 2
2010 3 30 3
2010 5 20 4
2010 6 12 5
2010 6 30 6
2010 11 8 7
2010 12 22 8
2011 2010 12 30 §12
1
2
3
4
5
6
www.51fund.com
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