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China AMC Money Market Fund (华夏现金增利基金)

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China AMC Money Market Fund (华夏现金增利基金) Quarterly Highlights 3 rd Quarter, 2008 8/F Building B Tongtai Plaza, 33 Jinrong Street Beijing 100032, China Email: [email protected] Tel: +86-10-88066988 Dear Sir or Madam: Please find enclosed Quarterly Highlights for the second quarter of 2008. We hope that you will find them useful and we do very much appreciate your interest in our products and services. If you have any further inquiries regarding our company or our funds, please do not hesitate to contact me, or my colleague Ms. Pearl Chen at +86 10 8806 6990 and [email protected]. Sincerely yours, John Li Chief International Business Officer ChinaAMC China 50 ETF Quarterly Report Long-term Strategic Investment in China’s Strongest Shares: Transparent Access to China’s Growth Historical Performance Since China 50 ETF July August September 3-month Establishing (12/30/2004) China 50 ETF NAV 0.18% -8.92% -8.38% -16.41% 178.58% China 50 ETF Market Price 0.22% -8.90% -8.44% -16.40% N.A. SSE 50 Index -0.53% -8.72% -8.31% -16.74% 114.67% SSE Composite Index 1.45% -13.63% -4.32% -16.17% 80.00% SSE 50 Index Constituent Stocks (as of September 30, 2008) Code Stock Weighting Code Stock Weighting 600000 Pudong Development Bank 4.06% 600795 GD Power 1.11% 600001 Handan Iron & Steel 0.48% 600811 Oriental Group 0.35% 600005 Wuhan Iron and Steel 1.52% 600881 Jinlin Yata 0.45% 600009 Shanghai Airport 1.08% 600887 Yili Industrial 0.47% 600010 BaoTou Steel 0.52% 600900 Yangtze Power 3.53% 600015 Hua Xia Bank 1.17% 601006 Daqin Railway 3.30% 600016 Minsheng Banking 5.09% 601088 China Shenhua Energy 6.06% 600018 Shanghai Port Container 1.29% 601111 Air China 0.60% 600019 Baoshan Iron & Steel 2.46% 601166 Industrial Bank 3.72% 600028 China PetroChem 2.95% 601168 Western Mining 0.27% 600029 China Southern Airlines 0.46% 601318 Ping An Insurance 6.81% 600030 Citic Securities 7.01% 601328 Bank of Communications 0.87% 600036 China Merchants Bank 9.71% 601333 Guangshen Railway 0.74% 600048 Poly Real Estate 0.87% 601390 China Railway Group 1.93% 600050 China Unicom 3.01% 601398 ICBC 3.45% 600104 Shanghai Automotive 0.57% 601588 Beijing North Star 0.34% 600177 Youngor 0.78% 601600 China Aluminum 1.16% 600320 Zhenhua Port Machinery 0.91% 601601 China Pacific Insurance 1.68% 600362 Jiangxi Copper 0.32% 601628 China Life 2.50% 600497 Ch Zn&Ge 0.29% 601857 PetroChina 3.40% 600519 Kweichow Moutai 3.19% 601919 China COSCO Holdings 1.48% 600601 Founder Technology 0.39% 601939 China Construction Bank 2.77% 600642 Shenergy 0.65% 601988 Bank of China 1.57% 600717 Tianjin Harbor 0.79% 601991 Datang Generation 0.31% 600739 Liaoning Chengda 0.94% 601998 CITIC Bank 0.59% Price1 and Trading Volume 1700 4 1500 3.7 1300 Trading Volume[million shares] Price 3.4 1100 3.1 2.8 900 2.5 700 2.2 500 1.9 Price (RMB) (million shares) 300 Trading Volume Trading 1.6 100 1.3 -100 1 1-Jul-08 10-Jul-08 21-Jul-08 30-Jul-08 8-Aug-08 19-Aug-08 28-Aug-08 8-Sep-08 18-Sep-08 Tracking the SSE 50 Index2 Since Listing3 4.8 SSE 50 Index/1000 4.2 China 50 ETF NAV (RMB) 3.6 3 2.4 1.8 1.2 0.6 23-Feb-05 6-Jul-05 16-Nov-05 4-Apr-06 15-Aug-06 26-Dec-06 18-May-07 21-Sep-07 5-Feb-08 23-Jun-08 Premium/Discount 1.00% 0.50% 0.00% -0.50% -1.00% -1.50% 1-Jul-08 10-Jul-08 21-Jul-08 30-Jul-08 8-Aug-08 19-Aug-08 28-Aug-08 4-Sep-08 16-Sep-08 25-Sep-0 1. Based on closing price of China 50 ETF. 2. Based on closing price of SSE 50 Index. The tracking deviation is caused by dividend and non-tradable shares reform recently. 3. China 50 ETF distributed dividend on May 19, 2006 ((0.24 RMB /10 units) and Nov 16, 2006 (0.37 RMB/10 units). ChinaAMC Fund Family I. Open-end Funds ChinaAMC Growth Fund (Equity Fund) ChinaAMC Large Cap Select Fund (Equity Fund) ChinaAMC GARP Fund (Equity Fund) ChinaAMC Industry Select Fund (Equity Fund) ChinaAMC Return Fund (Balanced Fund) ChinaAMC Return II Fund (Balanced Fund) ChinaAMC Dividend Fund (Balanced Fund) ChinaAMC Stable Growth Fund (Balanced Fund) ChinaAMC Blue Chip Core Fund (Balanced Fund) ChinaAMC Bond Fund (Pure Bond Fund) ChinaAMC Money Market Fund (Money Market Fund) ChinaAMC Renaissance Fund (Innovative Closed-end Fund) ChinaAMC Global Selective Equities Fund (QDII Fund) ChinaAMC Hope Bond Fund (Pure Bond Fund) II. ETFs China 50 ETF China SME ETF III. Closed-end Funds ChinaAMC Xinghua Fund (2bn) ChinaAMC Xinghe Fund (3bn, enhanced index fund) ChinaAMC Growth Fund (华夏成长基金) Basic Information Date of 12/18/2001 Investment Pursuing Growth and Research Establishment Philosophy Creates Value. Fee Structure Investment Growth Fund. Realize long-term Objective growth of fund assets mainly by Management Fee 1.5% investing in the shares of listed Custodian Fee 0.25% companies that have great growth Maximum 1.8% potential while maintaining the safety Subscription Fee and liquidity of the assets. Maximum 0.5% Redemption Fee Type of Fund Open-end Equity Risk/Return Mid to high risk. Its long-term Fund Characteristics average expected risk and return is higher than bond fund and balance Min. Subscription 1000RMB fund Fund Financials 9/30/2008 6/30/2008 3/31/2008 Net Asset Value (RMB) 8,162,348,304.30 9,619,725,115.35 10,840,858,095.45 Outstanding Units 7,829,953,460.81 7,887,427,456.50 7,631,654,222.43 Return (as of 9/30/2008)(*) 1 Year Period 3 Year Period 5 Year Period NAV Growth -38.51% 212.83% 245.93% SSE Composite Index -58.69% 98.51% 69.24% Asset Allocation Top 10 Equity Holdings Asset Type Percentage Stock Code Percentage Equity 67.86% 002024 5.96% Bond 23.18% 600895 5.01% Warrant 0.02% 600036 4.90% ABS - 000568 4.38% Cash & Other Asset 8.94% 000937 4.18% 600177 2.64% 600739 2.59% 000759 2.30% 600517 2.27% 600078 2.19% Notes: (*) Data source: ChinaAMC and Wind Securities Analysis System. China AMC Large Cap Select Fund (华夏大盘精选基金) Basic Information Date of 08/11/2004 Investment The Fund is designed to pursue Establishment Objective long-term appreciation of fund assets. Fee Structure Investment Investment is focused on the stocks Philosophy of large listed companies that are the Management Fee 1.5% leaders in their respective industries. Custodian Fee 0.25% This strategy is implemented to Maximum 1.5% capture the profits from the Subscription Fee sustainable high growth of these companies and realize the long-term Maximum 0.5% value increase of fund assets. Redemption Fee Type of Fund Open-end Equity Investment The investment is limited to financial Fund Strategy instruments with sufficient liquidity, including stocks and bonds listed Min. Subscription 1000RMB Fund Financials 9/30/2008 6/30/2008 3/31/2008 Net Asset Value (RMB) 3,118,748,112.75 3,545,687,902.53 5,074,573,358.52 Outstanding Units 658,645,669.34 674,633,688.00 762,229,613.16 Return (as of 9/30/2008)(*) 1 Year Period 2 Year Period 3 Year Period NAV Growth -31.41% 170.22% 444.59% FTSEA200 -50.00% 49.71% 106.22% Asset Allocation Top 10 Equity Holdings Asset Type Percentage Stock Code Percentage Equity 57.32% 600570 4.88% Bond 12.19% 000937 2.86% Warrant - 600239 2.41% ABS - 000877 2.40% Cash & Other Asset 30.44% 600831 2.09% 000888 2.05% 600135 1.91% 000819 1.65% 601001 1.63% 600600 1.60% Notes: (*) Data source: ChinaAMC and Wind Securities Analysis System. China AMC GARP Fund (华夏优势增长基金) Basic Information Date of 11/24/2006 Investment Pursuing long-term and stable asset Establishment Strategy appreciation while keeping the risk under control. Fee Structure Investment Based on the GARP model, using the Objective fundamental analysis, valuation Management Fee 1.5% analysis and marketing analysis, we Custodian Fee 0.25% pick the stock that have sustainable Maximum 1.5% growth potential and reasonable Subscription Fee price. At the same time, based on the Macroeconomic analysis and policy Maximum 0.5% analysis, we actively adjust the asset Redemption Fee allocation to reduce the risk and enhance return. Type of Fund Open-end Equity Risk/Return The fund has high return as well as Fund Characteristics high risk. Min. Subscription 1000RMB Fund Financials 9/30/2008 6/30/2008 3/31/2008 Net Asset Value (RMB) 14,494,964,844.45 17,269,131,180.16 21,275,576,278.78 Outstanding Units 9,527,245,254.29 9,525,459,975.97 10,156,380,680.28 Return (as of 9/30/2008)(*) 1 Year Period NAV Growth -41.02% SSE Composite Index -38.45% Asset Allocation Top 10 Equity Holdings Asset Type Percentage Stock Code Percentage Equity 61.17% 600036 4.62% Bond 19.86% 601318 3.53% Warrant - 000568 3.38% ABS - 601006 2.94% Cash & Other Asset 18.98% 002024 2.82% 601088 2.79% 000063 2.40% 600596 1.68% 601186 1.61% 000792 1.54% Notes: (*) Data source: ChinaAMC and Wind Securities Analysis System. China AMC Industry Select Fund (华夏行业精选基金) Basic Information Date of 11/22/2007 Investment CSI 300 Index×80%+Xinhua-SSE Establishment Philosophy Government Bond Index×20% Fee Structure Investment To realize sustaining increasing of Objective fund asset by grasping the economy Management Fee 1.5% development trends and market Custodian Fee 0.25% movements, oriented by industry Maximum 1.5% investment valuation, making full use Subscription Fee of industry cyclical characteristics, digging industry investment Maximum 0.5% opportunities in different stage of Redemption Fee economic development and market movement, and investing in good individual stocks in industries with advantage.
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