2022-04-29-港交所-博时科创５０_博时科创５０－Ｒ_截至2021年12月31日止的年报_43页_1mb

The annual report for BOSERA STAR 50 INDEX ETF, for the year ended 31 December 2021, provides an overview of its performance and operations. This ETF aims to track the SSE Science and Technology Innovation Board 50 Index, effective from 18 February 2021, following a change from the FTSE China A50 Index. Listed on the HKEX, its net assets grew from RMB13.36 million at the start of the year to RMB38.60 million, reflecting unit issuance and redemption activities.

• Key performance: Between 1 January and 17 February 2021, the index tracked (pre-change) rose 13.71%, with the net asset value (NAV) per unit increasing 12.43%. From 18 February to 31 December, the new index decreased 2.21%, while the NAV per unit fell by 2.66%. Total assets stood at RMB38,979,999, with investments primarily in RMB-denominated listed equities, heavily weighted towards the information technology sector.

Management continues to use a full replication strategy, investing over 95% of net asset value in index constituents. Expenses include trustee fees, while management fees were waived mid-year. The auditor's report concludes that the financial statements present a true and fair view, adhering to IFRS and regulatory requirements.

The ETF faces risks such as market volatility, credit counterparty risk, and liquidity concerns, with investments concentrated in innovative companies. For more details, refer to the attached financial statements and portfolio lists.