Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF
Important Information
- Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF (the “Sub-Fund”) is a sub-fund of Fubon ETF Series OFC (the “Company”), which is a public umbrella open-ended fund company established under Hong Kong law with variable capital with limited liability and segregated liability between sub-funds.
- Registration with and authorisation by the SFC do not represent a recommendation or endorsement of the Company or the Sub-Fund nor do they guarantee the commercial merits of the Company, the Sub-Fund or their performance. They do not mean the Company or the Sub-Fund are suitable for all investors nor do they represent an endorsement of their suitability for any particular investor or class of investors.
- The Sub-Fund is a passively managed index tracking exchange traded fund (“ETF”) It is denominated in USD and offers shares in both listed and unlisted classes. Shares in the listed class are traded in HKD on The Stock Exchange of Hong Kong Limited (the “SEHK”).
- The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the NYSE ® FactSet® Taiwan Core Semiconductor 10% OTC Capped Index (“Index”) which tracks the performance of listed Taiwan companies involved in the semiconductor industry. There is no assurance that the Sub-Fund will achieve its investment objective.
- The Sub-Fund’s investments are concentrated in Taiwan listed companies in the semiconductor industry. The value of the Sub-Fund is subject to risks associated with Taiwan and emerging markets, as well as concentration risk. It may be more volatile than that of a fund investing in more developed markets and / or having a more diverse investment portfolio.
- The Sub-Fund is subject to risks associated with the semiconductor industry, such as intense competition in the industry, rapid obsolescence of products, substantial capital expenditures, government intervention and trade protectionism, etc. These may harm the business and operating results of semiconductor companies.
- The Index is a new index and therefore the Sub-Fund may be riskier than other ETFs tracking more established indices with longer operating history.
- The Sub-Fund is subject to risk associated with small-capitalisation / mid-capitalisation companies. The prices of such companies are more volatile to adverse economic developments than those of larger capitalisation companies in general.
- The Sub-Fund is passively managed and the Manager / Sub-Manager will not have the discretion to adapt to market changes nor take defensive positions in declining markets. It may also be subject to tracking error risk.
- Investors in shares of the listed class and unlisted classes are subject to different pricing and dealing arrangements. The net asset value per share in respect of the listed class and unlisted classes may be different due to different fees and cost applicable to each class.
- The listed class of the Sub-Fund is subject to trading risks that shares in the listed class may trade at a substantial premium or discount to their net asset value. It is also subject to trading time differences risk due to the different trading hours of SEHK and the Taiwan Stock Exchange. This may increase the level of premium/discount of the share price to its net asset value.
- The Sub-Fund is also subject to equity market risk, currency risk, early termination risk and (in respect of the listed class) reliance on market maker risks.
- The Manager may, at its discretion, pay distributions out of capital or out of gross income while all or part of the fees and expenses are charged to capital, resulting in an increase in distributable income for the payment of distributions and therefore, distributions may be paid effectively out of capital. Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investments. Any such distributions may result in an immediate reduction of the net asset value per share of the relevant class.
- Investment involves risks and your investment in the Sub-Fund may suffer losses. You should not make investment decision on the basis of this material alone. Please read the prospectus and the product key facts statement of the Sub-Fund for further details including the risk factors.
Investment Objective
The investment objective of Fubon NYSE FactSet Taiwan Core Semiconductor Index ETF (the “Sub-Fund”) is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Index. There is no assurance that the Sub-Fund will achieve its investment objective.Holdings
| Total Net Asset Value (USD)
(Deemed Total Net Asset Value (USD)1 | Number of Securities | Securities (%) |
|---|---|---|
| 2,135,908.76 2,135,909.47 | 31.00 | 100.12 |
As of 21 Nov, 2024
1Deemed Total Net Asset Value incorporates creation/redemption order amount and the rebalancing activity of above date.
Futures Contracts Holdings
| Futures Contracts Name | Bloomberg Ticker | Quantity |
|---|---|---|
| 2024/12Taiwan Stock Exchange Electronics Sector Index | MTIZ4 Index | 3 |
As of 21 Nov, 2024
Product Holdings
| Holdings | Weighting (%) |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 23.51 |
| Realtek Semiconductor Corp | 6.52 |
| Global Unichip Corp. | 6.39 |
| MediaTek Inc. | 5.88 |
| ASE TECHNOLOGY HOLDING CO LTD | 5.69 |
| NOVATEK MICROELECTRONICS CORP. | 5.6 |
| FARADAY TECHNOLOGY CORP. | 4.16 |
| TOPCO SCIENTIFIC CO.,LTD. | 3.88 |
| ELAN MICROELECTRONICS CORP | 3.36 |
| eMemory Technology Inc. | 2.69 |
| 2024/12Taiwan Stock Exchange Electronics Sector Index | 2.65 |
| ASPEED TECHNOLOGY INC. | 2.63 |
| WINWAY TECHNOLOGY CO LTD | 2.54 |
| VPEC | 2.4 |
| KINIK COMPANY | 2.33 |
| foxsemicon integrated technology Inc. | 2.04 |
| Sitronix Technology Corp. | 1.93 |
| Raydium Semiconductor Corporation | 1.78 |
| ITE Tech. Inc | 1.73 |
| Airoha Technology Corp. | 1.73 |
| C SUN MFG LTD. | 1.59 |
| Nuvoton Technology Corporation | 1.52 |
| MPI CORPORATION | 1.45 |
| Orient Semiconductor Electronics, Limited | 1.22 |
| GLOBAL MIXED-MODE TECHNOLOGY INC | 1.19 |
| Skytech Inc. | 0.82 |
| GRAND PROCESS TECHNOLOGY CORPORATION | 0.8 |
| Xintec Inc. | 0.7 |
| PixArt Imaging Inc. | 0.65 |
| Ardentec Corporation | 0.54 |
| Group Up Industrial Co., Ltd. | 0.21 |
| CASH AND CASH EQUIVALENTS (USD) | -0.12 |
As of 21 Nov, 2024
1. Intra-day Market
Price refers to the market price of Fubon NYSE FactSet Taiwan Core Semiconductor
Index ETF on the date and at the time specified above, quoted from the Stock
Exchange of Hong Kong Limited (the “SEHK”).
2. Change of the
Closing NAV per Unit indicates the change of the Closing NAV per Unit since
previous Dealing Day. Please refer to the Prospectus for more information on
the determination of NAV and the definition of Dealing Day.
3. Changes of the
Closing price indicates the change of the closing price since previous SEHK
trading day. Source of Closing Price: Bloomberg.
4. Underlying Index returns are for illustrative purposes
only and are not indicative of future results. Underlying Index returns do not
reflect any management fees, transaction costs or expenses. Change indicates
the change since the last closing index level. Source: ICE
Data Indices, LLC, Bloomberg.
Source: Fund performance and index data are provided by
Fubon Fund Management and the relevant index providers (if applicable)
respectively.
Index Provider Disclaimer
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permission. “ICE SM/®” is a service/trade mark of ICE Data Indices, LLC or its
affiliates. These trademarks have been licensed, along with the the Index for
use by Fubon Fund Management (Hong Kong) Limited (the “Licensee”) in connection
with the Sub-Fund. Neither the Licensee, the Company nor the Sub-Fund, as
applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC,
its affiliates or its third party suppliers (“ICE Data and its Suppliers”). ICE
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advisability of investing in securities generally, in the Sub-Fund
particularly, the Company or the ability of the Index to track general stock
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