2012
2012 12 31
1
2013 3 28
2012 1 1 12 31
2
1.2 ? ................................................................................................................ 1?
? ............................................................................................................................ 1?
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? .................................................................................................................... 4?
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? ................................................................. 9?
? ............................................... 10?
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? ...................................................................................................................... 13?
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? .............................................................................................................................. 16?
? ................................................................................... 17?
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4
010-88423386 010-65556899
qiyan@ncfund.com.cn zhuyiming@citicbank.com
4008198866 95558
010-88423310 010-65550832
85 1 1
1-1
8 C
88 A 7-2; 11
8 C
5
C1
400010 100027
www.ncfund.com.cn
16 2 4
17
-10,080,331.41 -26,810,403.57
27,778,669.94 -50,165,367.23
0.1395 -0.1720
16.18% -18.31%
17.51% -18.9%
-24,509,700.13 -44,578,339.36
-0.1457 -0.1889
160,349,756.17 191,354,216.82
0.953 0.811
-4.70% -18.90%
1
2
6
3
3.2.1
9.67% 0.99% 8.18% 1.02% 1.49% -0.03%
6.84% 1.03% 2.46% 0.99% 4.38% 0.04%
17.51% 1.22% 7.04% 1.02% 10.47% 0.20%
-4.70% 1.19% -12.87% 1.05% 8.17% 0.14%
1 300 80%* 300 +20%*
2
3.2.2
7
3.2.3
8
2011 7 13 2012 12 31
4.1.1
2004 12 9
2012 12 31
4.1.2
1
2
9
4.3.1
2011
4.3.2
4 3 5 /
10
4.3.3
5%
4.4.1
4.4.2 2011 7 13 2012 12 31 0.953 17.51% 7.04%
11
4.7.1
4.7.1.1
2/3
12
4.7.1.2
4.7.1.3
/
4.7.1.4
4.7.1.5
13
2011 7 13
2013 3 28
[2013]404A0012
14
2012 12 31 2012
(1)
(2)
2012 12 31 2012
16 2 4
2013-03-25
15
2012 12 31
2012 12 31
2011 12 31
7.4.7.1 8,347,915.45 35,356,956.43
298,325.27 437,286.52
521,399.03 732,820.77
152,150,511.44 158,559,051.88
152,150,511.44 158,559,051.88
--
--
--
--
--
--
2,148.78 7,981.59
--
272,968.12 788.18
--
42,301.04 42,404.24
161,635,569.13 195,137,289.61
2012 12 31
2011 12 31
--
--
--
--
- 2,908,595.65
221,970.03 54,530.33
190,774.93 268,412.55
31,795.83 44,735.43
16
--
319,359.53 285,611.83
--
--
--
--
521,912.64 221,187.00
1,285,812.96 3,783,072.79
168,233,217.46 235,932,556.18
-7,883,461.29 -44,578,339.36
160,349,756.17 191,354,216.82
161,635,569.13 195,137,289.61
2011 7 13 2012 12 31 0.953 168,233,217.46
2012 1 1 2012 12 31
2012 1 1 2012 12
31
2011 7 13 2011 12 31
34,160,070.43 -46,496,782.97
266,086.34 779,931.34
266,086.34 345,546.91
--
--
- 434,384.43
--
-4,205,072.57 -24,289,000.22
-5,499,709.14 -24,326,800.22
--
--
17
--
--
1,294,636.57 37,800.00
37,859,001.35 -23,354,963.66
--
240,055.31 367,249.57
6,381,400.49 3,668,584.26
2,578,324.82 1,902,439.58
429,720.80 317,073.28
--
2,863,062.87 1,175,212.87
--
--
510,292.00 273,858.53
27,778,669.94 -50,165,367.23
--
27,778,669.94 -50,165,367.23
2012 1 1 2012 12 31
2012 1 1 2012 12 31
235,932,556.18 -44,578,339.36 191,354,216.82
- 27,778,669.94 27,778,669.94
-67,699,338.72 8,916,208.13 -58,783,130.59
11,227,951.06 -1,327,904.35 9,900,046.71
-78,927,289.78 10,244,112.48 -68,683,177.30
-- -
18
168,233,217.46 -7,883,461.29 160,349,756.17
2011 7 13 2011 12 31
530,445,703.19 - 530,445,703.19
- -50,165,367.23 -50,165,367.23
-294,513,147.01 5,587,027.87 -288,926,119.14
5,225,922.71 -355,702.60 4,870,220.11
-299,739,069.72 5,942,730.47 -293,796,339.25
-- -
235,932,556.18 -44,578,339.36 191,354,216.82
7.1 7.4
7.4.1
( ) 2011 798 , 2011 6 1 7 8 530,360,314.99 , 85,388.20 2011 65 2011 7 13
,
60 95% 0 40% 0 20% 0
19
3% 1 5%
2013 3 25
7.4.2
2006 2 15 ( ) 2007 5 15
7.4.3
7.4.4
7.4.4.1
1 1 12 31
7.4.4.2
7.4.4.3
7.4.4.4
20
1
1
a
/( )
b
( )
7.4.4.4 1 1 c
/( ) /( )
c
/( )
2
3
2
21
7.4.4.5
1
1
2 0.25
3 0.25 ,
2
1
22
2
3
4
7.4.4.6
23
7.4.4.7
7.4.4.8
/( ) /( )
7.4.4.9 /( )
/( )
/( )
/( )
7.4.4.10
1.5%
0.25%
24
7.4.4.11
1 12 20% 3
2
3
4
5
7.4.4.12
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
[2005]107 2008 4 24
1
25
2
3 20% 50%
4 2008 4 24 0.3% 2008 4 24 0.1% 2008 9 19 A B 0.1% 0.1%
5
7.4.7
7.4.7.1
2012 12 31
2011 12 31 8,347,915.45 35,356,956.43
--
--
8,347,915.45 35,356,956.43
7.4.7.2
137,646,473.75 152,150,511.44 14,504,037.69
---
---
---
---
---
26
---
137,646,473.75 152,150,511.44 14,504,037.69
2011 12 31
181,914,015.54 158,559,051.88 -23,354,963.66
---
---
---
---
---
---
181,914,015.54 158,559,051.88 -23,354,963.66
7.4.7.3
2012 12 31
2011 12 31
2,001.16 7,765.22
- -
- -
147.62 216.37
- -
- -
- -
- -
2,148.78 7,981.59
7.4.7.4
2012 12 31
2011 12 31
- -
42,301.04 42,404.24
42,301.04 42,404.24
7.4.7.5
2012 12 31
2011 12 31 319,359.53 285,611.83
--
319,359.53 285,611.83
27
7.4.7.6
2012 12 31
2011 12 31
- -
544.12 205.48
- -
521,368.52 220,981.52
- -
521,912.64 221,187.00
7.4.7.7
2012 1 1 2012 12 31
235,932,556.18 235,932,556.18
11,227,951.06 11,227,951.06
-78,927,289.78 -78,927,289.78
168,233,217.46 168,233,217.46
7.4.7.8
-24,768,150.97 -19,810,188.39 -44,578,339.36
-10,080,331.41 37,859,001.35 27,778,669.94
10,338,782.25 -1,422,574.12 8,916,208.13
-1,764,512.41 436,608.06 -1,327,904.35
12,103,294.66 -1,859,182.18 10,244,112.48
---
-24,509,700.13 16,626,238.84 -7,883,461.29
7.4.7.9
2012 1 1 2012 12 31
2011 7 13 2011 12 31
253,472.93 334,750.11
--
--
12,613.41 10,796.80
28
--
266,086.34 345,546.91
7.4.7.10
2012 1 1 2012 12 31
2011 7 13 2011 12 31
1,080,894,975.29 317,109,207.53
1,086,394,684.43 341,436,007.75
-5,499,709.14 -24,326,800.22
7.4.7.11
2012 1 1 2012 12 31
2011 7 13 2011 12 31
1,294,636.57 37,800.00
--
1,294,636.57 37,800.00
7.4.7.12
2012 1 1 2012 12 31
2011 7 13 2011 12 31
37,859,001.35 -23,354,963.66
37,859,001.35 -23,354,963.66
--
--
--
--
--
--
37,859,001.35 -23,354,963.66
7.4.7.13
2012 1 1 2012 12 31
2011 7 13 2011 12 31
71,619.20 367,249.57
168,436.11 -
29
240,055.31 367,249.57
7.4.7.14
2012 1 1 2012 12 31
2011 7 13 20
11 12 31
2,863,062.87 1,175,212.87
--
2,863,062.87 1,175,212.87
7.4.7.15
2012 1 1 2012 12 31
2011 7 13 2011 12 31
80,000.00 80,000.00
380,490.20 178,577.28
18,000.00 1,500.00
31,801.80 12,881.25
-9 0 0 . 0 0
510,292.00 273,858.53
7.4.8
7.4.8.1
2012 12 31
7.4.8.2
2013 1 18
7.4.9
2012
7.4.10
7.4.10.1
7.4.10.1.1
30
7.4.10.1.2
7.4.10.1.3
7.4.10.1.4
7.4.10.2
7.4.10.2.1
2012 1 1 2012 12 31
2011 7 13 2011 12 31
2,578,324.82 1,902,439.58
1,220,548.11 156,684.80
1 1.5% , ,
: = 1.5%/
2
7.4.10.2.2
2012 1 1 2012 12 31
2011 7 13 2011 12 31
429,720.80 317,073.28
0.25%
: = 0.25%/
31
7.4.10.3 ( )
( )
7.4.10.4
7.4.10.4.1
7.4.10.4.2
7.4.10.5
2012 1 1 2012 12 31
2011 7 13 2011 12 31
7.4.10.6
7.4.11
2011 7 13 2012 12 31
7.4.12 2012 12 31
7.4.12.1 /
/
7.4.12.2
20.08 266,193 4,457,280.27 5,036,371.56 -
22.50 100,300 2,456,895.97 2,305,897.00 -
7.4.12.3
7.4.12.3.1
32
7.4.12.3.2
7.4.13
7.4.13.1
7.4.13.2
10% 10%
7.4.13.3
33
7.4.13.4
7.4.13.4.1
7.4.13.4.1.1
6
3
-1
6 -1
1 1-5 5
- - - - -
8,347,915
.45
- -
- 8,347,915
.45
- - - - -
298,325.2
7
- -
- 298,325.2
7
- - - - - - - -
521,399.0
3
521,399.0
3
- - - - - - - -
152,150,5
11.44
152,150,5
11.44
- - - - - - - -
-
-
- - - - - - - - 2,148.782,148.78
- - - - - - - -
272,968.1
2
272,968.1
2
- - - - - - - - 42,301.0442,301.04
- - - - -
8,646,240
.72
- -
152,989,3
28.41
161,635,5
69.13
- - - - - - - - - -
34
- - - - - - - -
221,970.0
3
221,970.0
3
- - - - - - - -
190,774.9
3
190,774.9
3
- - - - - - - -
31,795.83
31,795.83
- - - - - - - -
319,359.5
3
319,359.5
3
- - - - - - - -
521,912.6
4
521,912.6
4
- - - - - - - -
1,285,812
.96
1,285,812
.96
- - - - -
8,646,240
.72
- -
151,703,5
15.45
160,349,7
56.17
1
1-3
6
3 -1
6 -1
1 1-5 5
- - - - -
35,356,95
6.43
- -
- 35,356,95
6.43
- - - - -
437,286.5
2
- -
- 437,286.5
2
- - - - - - - -
732,820.7
7
732,820.7
7
- - - - - - - -
158,559,0
51.88
158,559,0
51.88
- - - - - - - - 7,981.597,981.59
- - - - - - - -
788.18
788.18
- - - - - - - - 42,404.2442,404.24
- - - - -
35,794,24
2.95
- -
159,343,0
46.66
195,137,2
89.61
35
- - - - - - - -
2,908,595
.65
2,908,595
.65
- - - - - - - -
54,530.33
54,530.33
- - - - - - - -
268,412.5
5
268,412.5
5
- - - - - - - -
44,735.43
44,735.43
- - - - - - - -
285,611.8
3
285,611.8
3
- - - - - - - -
221,187.0
0
221,187.0
0
- - - - - - - -
3,783,072
.79
3,783,072
.79
- - - - -
35,794,24
2.95
- -
155,559,9
73.87
191,354,2
16.82
7.4.13.4.1.2
2012 12 31
2011 12 31 21,615.60 91,317.66
-21,615.60 -91,317.66
XRisk suite
7.4.13.4.2
7.4.13.4.3
36
2012 12 31
7.4.13.4.3.1
2012 12 31
2011 12 31 152,150,511.44 94.89 158,559,051.88 82.86
-- - -
-- - -
152,150,511.44 94.89 158,559,051.88 82.86
60-95% 0-40% 0 20% 0 3% 1 5%
7.4.13.4.3.2
2012 12 31 2011 12 31 1. 300 80% 20%
2. XRisk suite
37
1 152,150,511.44 94.13
152,150,511.44 94.13
2 --
--
--
3 --
4 --
--
5 8,646,240.72 5.35
6 838,816.97 0.52
7 161,635,569.13 100.00
A - -
B 14,671,120.59 9.15
C 75,552,577.84 47.12
C0 - -
C1 - -
C2 - -
C3 - -
C4 12,142,040.00 7.57
C5 5,239,572.00 3.27
C6 14,989,059.00 9.35
C7 25,903,631.28 16.15
C8 17,278,275.56 10.78
C99 - -
D 3,388,808.56 2.11
E 10,558,270.00 6.58
F - -
38
G 1,112,000.00 0.69
H 9,747,247.20 6.08
I 25,908,831.32 16.16
J - -
K 6,864,379.93 4.28
L 4,347,276.00 2.71
M - -
152,150,511.44 94.89
1 699,968 9,148,581.76 5.71
2 660,500 7,892,975.00 4.92
3 167,400 6,622,344.00 4.13
4 616,100 6,093,229.00 3.80
5 877,744 5,994,991.52 3.74
6 300,000 5,535,000.00 3.45
7 371,900 5,448,335.00 3.40
8 266,193 5,036,371.56 3.14
9 150,000 4,920,000.00 3.07
10 400,000 4,912,000.00 3.06
11 184,300 4,664,633.00 2.91
12 400,578 4,462,438.92 2.78
13 464,521 4,366,497.40 2.72
14 256,400 4,363,928.00 2.72
15 315,000 4,328,100.00 2.70
16 249,945 4,249,065.00 2.65
17 300,000 4,149,000.00 2.59
18 147,901 4,022,907.20 2.51
19 80,000 3,623,200.00 2.26
20 170,200 3,514,630.00 2.19
21 419,407 3,388,808.56 2.11
22 400,000 3,328,000.00 2.08
23 177,600 3,250,080.00 2.03
24 154,200 3,207,360.00 2.00
25 219,200 3,184,976.00 1.99
26 219,600 3,096,360.00 1.93
39
27 130,390 2,997,666.10 1.87
28 144,401 2,973,216.59 1.85
29 121,116 2,785,668.00 1.74
30 134,000 2,777,820.00 1.73
31 156,600 2,461,752.00 1.54
32 138,800 2,123,640.00 1.32
33 35,000 1,960,700.00 1.22
34 50,000 1,949,000.00 1.22
35 58,500 1,788,345.00 1.12
36 98,400 1,561,608.00 0.97
37 74,700 1,411,830.00 0.88
38 100,000 1,150,000.00 0.72
39 100,000 1,112,000.00 0.69
40 61,500 979,080.00 0.61
41 53,667 616,633.83 0.38
42 15,000 451,500.00 0.28
43 14,400 246,240.00 0.15
8.4.1 2% 20
1 20,235,234.19 10.57
2 20,046,477.98 10.48
3 19,839,029.68 10.37
4 14,779,573.32 7.72
5 14,519,183.06 7.59
6 14,145,534.87 7.39
7 13,321,263.83 6.96
8 13,232,553.97 6.92
9 13,045,003.37 6.82
10 12,794,696.61 6.69
11 12,676,465.58 6.62
12 12,346,840.39 6.45
13 12,261,459.90 6.41
14 12,063,979.43 6.30
15 11,937,412.64 6.24
16 11,562,160.88 6.04
40
17 11,490,907.29 6.01
18 11,405,596.02 5.96
19 11,318,052.17 5.91
20 11,270,073.80 5.89
21 10,907,015.83 5.70
22 10,646,411.34 5.56
23 10,254,147.60 5.36
24 10,150,870.06 5.30
25 9,752,732.48 5.10
26 9,508,607.48 4.97
27 9,032,542.82 4.72
28 8,983,384.18 4.69
29 8,905,970.00 4.65
30 8,854,875.16 4.63
31 8,761,901.82 4.58
32 8,582,873.00 4.49
33 8,486,317.07 4.43
34 8,402,169.32 4.39
35 8,218,486.00 4.29
36 7,976,485.07 4.17
37 7,929,758.84 4.14
38 7,929,445.32 4.14
39 7,863,771.03 4.11
40 7,678,415.89 4.01
41 7,337,672.00 3.83
42 7,326,438.02 3.83
43 7,243,507.37 3.79
44 7,158,098.32 3.74
45 7,114,018.38 3.72
46 7,084,264.16 3.70
47 7,005,362.32 3.66
48 6,964,059.11 3.64
49 6,644,333.09 3.47
50 6,570,476.64 3.43
51 6,532,000.00 3.41
52 6,463,550.70 3.38
53 6,457,913.55 3.37
54 6,286,023.24 3.29
55 5,954,776.04 3.11
56 5,862,713.50 3.06
57 5,685,619.58 2.97
41
58 5,586,752.53 2.92
59 5,425,987.42 2.84
60 5,298,795.68 2.77
61 5,251,167.17 2.74
62 5,209,559.00 2.72
63 5,166,741.90 2.70
64 5,154,564.22 2.69
65 5,054,795.20 2.64
66 5,052,629.23 2.64
67 5,009,588.02 2.62
68 4,994,163.96 2.61
69 4,968,003.17 2.60
70 4,826,429.00 2.52
71 4,764,805.99 2.49
72 4,763,121.18 2.49
73 4,676,403.42 2.44
74 4,620,670.19 2.41
75 4,563,618.81 2.38
76 4,484,051.32 2.34
77 4,464,926.00 2.33
78 4,425,714.36 2.31
79 4,400,650.11 2.30
80 4,382,098.00 2.29
81 4,360,365.00 2.28
82 4,334,165.56 2.26
83 4,313,775.58 2.25
84 4,157,505.42 2.17
85 4,155,000.00 2.17
86 4,053,672.03 2.12
87 4,031,405.69 2.11
88 3,943,226.00 2.06
89 3,925,493.58 2.05
90 3,890,000.00 2.03
91 3,877,033.00 2.03
92 3,851,118.05 2.01
8.4.2 2% 20
42
1 25,454,465.91 13.30
2 23,913,672.15 12.50
3 22,547,550.52 11.78
4 19,830,926.62 10.36
5 19,769,135.02 10.33
6 19,658,477.54 10.27
7 18,903,373.63 9.88
8 15,783,936.08 8.25
9 14,418,617.36 7.54
10 14,216,062.18 7.43
11 12,926,797.80 6.76
12 12,806,649.49 6.69
13 12,342,214.68 6.45
14 12,033,799.41 6.29
15 11,913,617.60 6.23
16 11,788,464.74 6.16
17 11,701,959.79 6.12
18 11,325,769.24 5.92
19 11,285,684.41 5.90
20 11,052,815.29 5.78
21 10,359,688.38 5.41
22 10,269,035.00 5.37
23 9,661,285.23 5.05
24 9,318,139.84 4.87
25 8,799,652.38 4.60
26 8,706,339.17 4.55
27 8,577,411.05 4.48
28 8,388,987.28 4.38
29 8,202,624.07 4.29
30 8,120,439.00 4.24
31 8,102,913.85 4.23
32 8,086,522.44 4.23
33 7,837,000.00 4.10
34 7,627,569.20 3.99
35 7,512,550.00 3.93
36 7,482,491.15 3.91
37 7,478,685.14 3.91
38 7,427,112.74 3.88
39 7,313,450.40 3.82
40 7,291,785.23 3.81
41 7,206,523.56 3.77
43
42 7,152,408.99 3.74
43 7,076,018.30 3.70
44 6,998,899.24 3.66
45 6,718,809.32 3.51
46 6,469,669.91 3.38
47 6,431,520.36 3.36
48 6,404,276.00 3.35
49 6,378,090.00 3.33
50 6,240,987.00 3.26
51 5,966,286.10 3.12
52 5,934,990.80 3.10
53 5,908,437.90 3.09
54 5,750,720.00 3.01
55 5,571,221.32 2.91
56 5,522,084.05 2.89
57 5,472,495.86 2.86
58 5,399,806.18 2.82
59 5,383,078.83 2.81
60 5,197,327.38 2.72
61 5,196,196.90 2.72
62 5,190,549.75 2.71
63 5,187,528.89 2.71
64 5,175,470.17 2.70
65 5,151,316.25 2.69
66 5,068,194.74 2.65
67 4,976,330.05 2.60
68 4,937,449.74 2.58
69 4,934,682.81 2.58
70 4,903,403.88 2.56
71 4,801,411.90 2.51
72 4,770,395.06 2.49
73 4,742,450.08 2.48
74 4,619,932.00 2.41
75 4,619,501.79 2.41
76 4,611,104.35 2.41
77 4,604,453.28 2.41
78 4,544,972.00 2.38
79 4,488,000.00 2.35
80 4,483,156.00 2.34
81 4,304,983.63 2.25
82 4,290,051.00 2.24
44
83 4,285,240.20 2.24
84 4,264,000.00 2.23
85 4,228,531.54 2.21
86 4,136,684.12 2.16
87 4,131,072.44 2.16
88 3,997,920.80 2.09
89 3,988,570.00 2.08
90 3,970,012.88 2.07
91 3,966,476.60 2.07
92 3,930,310.00 2.05
93 3,892,000.00 2.03
94 3,877,524.00 2.03
95 3,843,325.05 2.01
96 3,828,667.62 2.00
8.4.3
1,042,127,142.64
1,080,894,975.29
45
8.9.1
8.9.2
8.9.3
1 521,399.03
2 -
3 -
4 2,148.78
5 272,968.12
6 -
7 42,301.04
8 -
9 838,816.97
8.9.4
8.9.5
5,036,371.56 3.14
8.9.6
46
3,245 51,843.83 1,927,431.12 1.15%166,305,786.34 98.85%
916,185.44 0.54%
0-10
50-100
530,445,703.19
235,932,556.18
11,227,951.06
78,927,289.78
-
168,233,217.46
2013 1 18
47
80000 1 2011 2012 2
11.7
11.7.1
1 941,254,237.80 44.34% 612,335.83 42.33% 1 847,224,773.83 39.91% 573,125.36 39.62% 1 228,580,429.82 10.77% 190,051.85 13.14% 1 105,580,232.58 4.97% 71,055.21 4.91% [1998]29 [2007]48 4
1
2
3
48
1
2
1
2
3
11.7.2
49
50
51
52
