
Mutual Funds

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Mutual Funds

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(1)Subscription Fee:

Subscription Fee Rate:
HSBC Direct

Collecting time and method: The payment needs to be made when

you subscribe to onshore funds or offshore funds.

Calculation Method: Subscription Fee = Investment Amount *

Subscription Fee Rate

Currency for Front-end Fee payment is in TWD if the subscription is

in Non-Discretionary Trust in TWD; or in denominated foreign

currency of the fund if subscription is in Non-Discretionary Trust in

foreign currency.

(2) Custodian Fee:

Whether fund units is acquired through a MIP or lump-sum

subscription, HSBC Direct will charge a Custodian Fee calculated

on basis of the actual number of days since you first held the fund.

Collecting time and method: The fee will be subtracted from the

redemption proceeds upon redemption.

The Custodian Fee is 0.2% per annum (Onshore Money Market

funds are free of charge)

Collected in TWD

Calculation Method:

Custodian Fee = (Number of Units Redeemed * Executed NAV) *

Exchange Rate (The board rate on the date of Allotment

Distribution for Redemption) * Custodian Fee Rate *

Holding Days / 365

If the Units to be redeemed were acquired through a MIP, the

calculation of custodian fee for the redeemed units will still base

on the actual holding days of each unit.

Already an HSBC Direct customer	New to HSBC Direct

* Note

	"Market average interest rate", "Market savings account interest rate", or "Average savings account interest rate" entioned in related messages and advertisements is the calculation of market average interest rate of 0.458% p.a. which is based on the average interest rate of demand deposits leading 24 banks and Taiwan Post Co. Ltd. as notified by the Banking Bureau and Financial Supervisory Commission at the end of March 2008 and bulletined on the website of Central Bank of China on May 26, 2008.
	Fund investment does not imply risk-free. The past performance of the fund management companies does not serve as a guarantee for future minimum returns. Other than the obligations of being a prudent manager, the fund management company is not responsible for the profits or losses of the funds and neither does it guarantee any minimum returns. Investors should comprehensively peruse the prospectus before making any subscriptions.
	Investors in an MIP might have different investment performances due to the different timing of their purchases. Achievements in the past do not guarantee performance in the future. The market or the floating price of investing targets might affect the net value of mutual funds. Therefore investors should have a comprehensive understanding about the risks and properties of mutual funds before subscribing.

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