博时人民币债券基金BOSERARMBBOND.PDF

BOSERA RMB BOND FUND a sub-fund of BOSERA INVESTMENT FUNDS EXPLANATORY MEMORANDUM January 2012 BOSERA RMB BOND FUND a sub-fund of BOSERA INVESTMENT FUNDS EXPLANATORY MEMORANDUM January 2012 CONTENTS IMPORTANT INFORMATION FOR INVESTORS iii DIRECTORYv DEFINITIONS 1 INTRODUCTION 4 MANAGEMENT OF THE FUND 5 The Manager 5 The Trustee and Registrar 6 The PRC Custodian 7 INVESTMENT OBJECTIVE, STRATEGY AND RESTRICTIONS 9 Investment objective 9 Investment strategy 9 Investment and borrowing restrictions 9 SUBSCRIPTION OF UNITS 13 Initial issue of Units 13 Subsequent issue of Units 13 Application procedure 13 Payment procedure 14 General 15 REDEMPTION OF UNITS 16 Redemption procedure 16 Payment of redemption proceeds 16 Restrictions on redemption 17 Compulsory redemption 18 SWITCHING 19 VALUATION 20 Valuation rules 20 Suspension of calculation of Net Asset Value 22 Publication of Net Asset Value 23 EXPENSES AND CHARGES 24 Fees payable by Unitholders 24 Fees payable by the Fund 24 Establishment costs 25 Cash rebates and soft commissions 25 RISK FACTORS 27 TAXATION 32 GENERAL 35 Reports and accounts 35 Distribution policy 35 Trust Deed 35 Modification of Trust Deed 35 Meetings of Unitholders 36 Transfer of Units 36 Termination of the Trust or any sub-fund 36