billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: The management fees of the Underlying Funds that the Fund may invest in currently range between zero per cent. and 2 per cent. per annum and may not exceed 4 per cent. per annum of the net asset value of the relevant Underlying Funds.

assistant: 基金所投資之該等相關基金目前之管理費介乎每年0%至2%不等，並不會超逾有關相關基金資產淨值每年4%。
user: Please translate the following sentence from English to Chinese: – Emerging Market Debt;

assistant: －新興市場債券基金；
user: Please translate the following sentence from English to Chinese: Particular Risks of OTC Derivative Transactions Absence of regulation;

assistant: 場外衍生交易的個別風險 缺乏監管；
user: Please translate the following sentence from English to Chinese: The Fund may also invest in China A-Shares via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect on an ancillary basis.

assistant: 本基金亦可透過滬港股票市場交易互聯互通機制和深港股票市場交易互聯互通機制投資於A股，作爲輔助投資。
user: Please translate the following sentence from English to Chinese: The Group makes estimates on the default rate and loss severity of each investment with reference to market performance of the portfolios, current payment status of the issuers or performance of the underlying assets, or economic conditions that correlate with defaults on the collateralised assets.

assistant: 於決定該等投資是否出現減值時，會評估其風險特徵和表現，例如外部信用評級及市場價值。
user: Please translate the following sentence from English to Chinese: Management Fee The Manager is entitled to receive a management fee of up to 2.5 per cent. per annum of the net asset value of a Fund, and may only increase the level of this fee (which may not exceed 2.5 per cent. per annum of the net asset value of the Fund) by giving to the Trustee and the unitholders of the relevant Fund not less than one month’s notice of the increased level of management fee.

assistant: 管理費 經理人有權每年收取不高於基金資產淨值2.5%之管理費，並僅可在向有關基金的信託管理人及單位持有人發出不少於一個月提高管理費收費率之通知後，方可提高此收費率（不得高於該基金資產淨值每年2.5%）。
user: Please translate the following sentence from English to Chinese: If you submit your instructions to unwind your Basket PPR Investment purchase order to your distributor on or after the trade date after your purchase order is executed, we will return the mandatory buy back price to you via your distributor on the later of:

assistant: 倘閣下於閣下的認購指令於交易日期獲執行或之後向閣下的分銷商遞交平倉閣下的籃子潛在表現回報投資認購指令的指示，本公司將於下列日期的較後日期透過閣下的分銷商向閣下退還強制回購價：
user: Please translate the following sentence from English to Chinese: (b) FATCA Registration Status The Manager will cause the Trust and/or the Sub-Funds to register as “Sponsored FFIs” within the time prescribed by FATCA in conjunction with the BlackRock Group overall registration process.

assistant: (b) FATCA註冊狀況管理人將促使信託基金及╱或各子基金配合BlackRock Group整體的註冊程序於FATCA規定時間內註冊爲「受保薦海外金融機構」。
user: Please translate the following sentence from English to Chinese: Termination of the Swap Agreement The Swap Agreement will terminate on its Termination Date, unless it is terminated prior to that date on the occurrence of any of the following events (each, a “Swap Termination Event”):

assistant: 終止掉期協議掉期協議將於終止日期終止，除因下列事件（每件事件稱爲「掉期終止事件」）而於終止 日期前終止︰
user: Please translate the following sentence from English to Chinese: As the overall executive body regarding risk matters, the Risk ExCo oversees the Group’s risk management as a whole.

assistant: 作爲有關風險事宜的總執行部門，風險執行委員會監督集團的整體風險管理。
user: Please translate the following sentence from English to Chinese: Series Number: Issue Price: Trade Date:

assistant: 系列編號：發行價： 交易日期：
user: Please translate the following sentence from English to Chinese: IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE. Important Changes to Fidelity Funds – Asian Total Return Bond Fund Key Facts  We are changing the name of Fidelity Funds - Asian Total Return Bond Fund to Fidelity Funds - Asia Pacific Strategic Income Fund.

assistant: 如有任何疑問，請諮詢專業意見。 富達基金－亞洲總回報債券基金的重要變動 摘要富達基金－亞洲總回報債券基金將改名爲富達基金－亞太策略收益基金。
user: Please translate the following sentence from English to Chinese: (xiii) BOCHK China Golden Dragon Fund The BOCHK China Golden Dragon Fund seeks to provide investors with capital growth by investing in securities issued by or linked to companies which are related to the economy of the PRC.

assistant: (xiii) 中銀香港中國金龍基金中銀香港中國金龍基金的投資目標是透過投資於與中國經濟相關的公司所發行的證券或與這些公司掛鉤的證券，尋求爲投資者提供資本增長。
user: Please translate the following sentence from English to Chinese: For this purpose, the net asset value shall be calculated before deduction of any management fee and trustee fee accruing to or on the relevant dealing day.

assistant: 就此而言，資產淨值應在扣除累計至有關交易日或於有關交易日之任何管理費及信託管理人費用之前計算。
user: Please translate the following sentence from English to Chinese: The claims of the Trustee, the Principal Paying Agent and the Swap Counterparty against the Issuer shall rank prior to the claims of the Noteholders under the Notes in the application of all moneys received in connection with the realisation or enforcement of the security.

assistant: 在運用就變現或強制執行抵押已收到的所有款額方面，受託人、主要付款代理及掉期對手向發行人提出的申索，將較此等債券持有人根據此等債券提出的申索優先。
user: Please translate the following sentence from English to Chinese: 4. Currency and Hedging policy .

assistant: 4. 貨幣和對沖政策 .
user: Please translate the following sentence from English to Chinese: Where the number of shares or units is rounded up, the amount corresponding to rounding shall accrue to the applicant.

assistant: 倘若向上湊整股份或單位數目，則進位對應的金額應撥歸申請人。
user: Please translate the following sentence from English to Chinese: For the avoidance of doubt, the Management Company does not currently intend to apply the swing pricing adjustment set out in section 6 titled “Calculation of the net asset value per share” of the General Section of the Extract Prospectus to the Sub-fund.

assistant: 爲釋疑起見，管理公司目前不擬就子基金應用基金章程中「一般資訊」項下第 6 節標題爲「計算每股資產淨值」所載之搖擺定價調整。
user: Please translate the following sentence from English to Chinese: on any issue or sale of Shares a Distributor (including the General Distributor) may, out of its own pocket or out of the initial charges, if any, pay commissions or other fees and charges on applications received through brokers and other professional agents or grant discounts. Foreign exchange transactions for investors or the Fund may be effected on an arm’s length basis by or through FIL Group companies from which a benefit may be derived by such companies.

assistant: 在發行或出售任何股份時，分銷商 (包括總分銷商) 可自資或從認購費 (如有) 中支付透過經紀商及其他專業代理收取的認購申請佣金或其他費用及收費，或給予折扣。 投資者或本基金的外匯交易可按照公平的交易條件，經由或透過富達集團旗下的公司進行，而該等公司可從中得益。
user: Please translate the following sentence from English to Chinese: Long-term capital growth by investing in global equity markets with a focus on small-sized companies. Investment Restrictions

assistant: 投資目標 投資於環球股票市場，並專注於小型公司，以達致長期資本增值。 投資限制
user: Please translate the following sentence from English to Chinese: 22. Early Redemption following the occurrence of:

assistant: 22. 於發生以下事件提早贖回：
user: Please translate the following sentence from English to Chinese: In the event of the Trustee desiring to retire, the Manager shall find a qualified corporation under any applicable law and by a supplemental deed replace the Trustee.

assistant: 倘受託人擬退任，經理人須物色根據任何適用法律具備資格的公司，並以補充契據更換受託人。
user: Please translate the following sentence from English to Chinese: Although it is intended that the REITs the Portfolio invests in will have a similar level of liquidity to those of equities, their underlying real estate investments may be relatively illiquid and this may affect the ability of a REIT to vary its investment portfolio or sell its assets in adverse market conditions or exceptional circumstances.

assistant: 儘管本投資組合所投資的 REIT 的流通性擬與股票的流通性相若，惟其相關房地產投資的流通性可能相對較低，而這可能影響 REIT 改變其投資組合或在不利市場狀況或特殊情況下出售其資產的能力。
user: Please translate the following sentence from English to Chinese: Issuers of these securities may be located in any country.

assistant: 此等證券的發行人可能位於任何國家。
user: Please translate the following sentence from English to Chinese: The Management Company shall ensure that the global exposure of each portfolio relating to financial derivative instruments does not exceed the total net assets of the portfolio.

assistant: 管理公司須確保各基金有關金融衍生工具的全球風險並無超出該基金的淨資產總值。
user: Please translate the following sentence from English to Chinese: If the Net Asset Value of an investor’s holding of a Class of Shares falls below the Minimum Holding amount shown above, the Management Company may, upon providing such investor with one month’s written notice, elect to either compulsorily redeem their holding or convert their holding into another Share Class.

assistant: 如果投資者持有之股份類別的資產淨值低於上述最少持有量，管理公司可以提前一個月向此等投資者給予書面通知後，選擇強制贖回其持有之股份或將其持有之股份轉換爲其他股份類別。
user: Please translate the following sentence from English to Chinese: The governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt.

assistant: 控制償還主權債務的政府機構可能無法或不願意在債務到期時根據債券條款償還本金及╱或利息。
user: Please translate the following sentence from English to Chinese: physical safety and health protection;

assistant: 人身安全及保健；
user: Please translate the following sentence from English to Chinese: The Fund may employ investment techniques and instruments, such as trading in futures, options and swaps and other derivative instruments for efficient portfolio management (ie reduction of risk, reduction of costs, generation of additional capital or income for the Fund) or, subject to a limit of up to 10% of its net asset value, for investment purposes as described in the “Types and Description of Financial Derivative Instruments” section herein and subject to the conditions and within the limits from time to time laid down by the Central Bank to gain or hedge exposure to the investments contemplated in these investment policies.

assistant: 此基金可採用投資技巧及工具，例如買賣期貨、期權及掉期以及其他金融衍生工具等，以便有效管理投資組合（即減低風險、降低成本、爲基金產生額外資本或收益）或最多以其資產淨值的10%爲限，用作本招股說明書「金融衍生工具的種類及詳情」一節所述的投資用途，以及須遵守央行不時規定的條件和限制，以取得根據此等投資政策擬進行投資的參與或對沖根據此等投資政策擬進行投資的有關風險。
user: Please translate the following sentence from English to Chinese: and (d) a Sovereign, Sovereign Agency or Supranational Organisation;

assistant: 及 (d) 宗主、宗主代理或超國家組織；
user: Please translate the following sentence from English to Chinese: Assumptions and inputs used in valuation techniques include benchmark interest rate curves, credit and funding spreads used in estimating discount rates, bond and equity prices, equity index prices, foreign exchange rates, levels of market volatility and correlation.

assistant: 估值技術所使用的假設及輸入數據包括基準利率曲線、估計貼現率時所用信貸及融資利差、債券及股本價格、股本指數價格、外匯匯率、市場波動水平及相關度。
user: Please translate the following sentence from English to Chinese: Credit derivatives The Group uses credit derivatives in the management of its corporate loan portfolios (for which positions are almost exclusively buy positions).

assistant: 信貸衍生工具 本集團在管理公司貸款投資組合時採用信貸衍生工具（就此，倉盤幾乎全是好倉）。
user: Please translate the following sentence from English to Chinese: Discovery is proceeding pending the Court’s decision on class certification.

assistant: 案情披露的程序有待法院對集體作證的決定。
user: Please translate the following sentence from English to Chinese: Growth Fund

assistant: 增長基金
user: Please translate the following sentence from English to Chinese: These sources include unutilized funding capacity in our bank entities, a conduit prefunded with short-term liquid instruments, and unutilized capacity in our bank facilities.

assistant: 該等資源包括我們擁有的銀行實體的未動用資金、預先訂立短期流動資金文據及我們未動用的銀行信貸。
user: Please translate the following sentence from English to Chinese: (i) Formula for calculating interest rate including back up provisions:

assistant: (i) 計算利率的公式
user: Please translate the following sentence from English to Chinese:  Securities Lending risk  Valuation risk  Volatility risk Investment Manager(s) Franklin Mutual Advisers, LLC FRANKLIN MUTUAL GLOBAL DISCOVERY FUND Investment Objective The Fund’s investment objective is capital appreciation. Investment Policy The Fund pursues its objective principally through investments in common stock, preferred stock and debt securities convertible or expected to be convertible into common or preferred stock of companies of any nation as well as in sovereign debts and participations in foreign government debts that the Investment Manager believes are available at market prices less than their value based on certain recognised or objective criteria (intrinsic value).

assistant: 利率證券風險流動性風險市場風險優先證券風險區域市場風險證券借貸風險估值風險波動性風險 投資經理 Franklin Mutual Advisers, LLC 富蘭克林互惠環球探索基金 投資目標本基金的投資目標爲資本增值。 投資政策本基金首要透過投資於任何投資經理相信可以低於根據若干認可或客觀準則（實質價值）的市場價格購入的普通股、優先股及可兌換或預期可兌換成任何國家公司的普通股或優先股的債務證券，及投資於主權債務及參與外國政府的債務以達到其投資目標。
user: Please translate the following sentence from English to Chinese: A “Long Maturity Note” is a Fixed Rate Note (other than a Fixed Rate Note which on issue had a Talon attached) whose nominal amount on issue is less than the aggregate interest payable thereon provided that such Note shall cease to be a Long Maturity Note on the Interest Payment Date on which the aggregate amount of interest remaining to be paid after that date is less than the nominal amount of such Note.

assistant: 「長期到期票據」爲定息票據（於發行時附有息票掉換券之定息票據除外），其發行時之面值低於其應付之利息總額，惟該票據於付息日不可用作長期到期票據，而於該日之後須支付之剩餘利息總額低於該票據之面值。
user: Please translate the following sentence from English to Chinese: We expect both fixed-income-related products and the fixed income investor base to continue to grow with a continuing global trend of more companies’ debt financing requirements being sourced from the debt capital markets.

assistant: 我們預期，隨著債務資本市場需要吸取更多公司的債務融資的全球性趨勢持續，定息工具相關產品及定息工具投資者基礎均會持續增長。
user: Please translate the following sentence from English to Chinese: The Fund may distribute the net investment revenue, realised capital gains, unrealised capital gains and capital.

assistant: 本基金可分派淨投資收益、已變現資本增長、未變現資本增長及資本。
user: Please translate the following sentence from English to Chinese: Initial stock price of the worst performing stock as of the final fixing date

assistant: 最終定價日表現最差股票的初始股價
user: Please translate the following sentence from English to Chinese: Compound debt instruments that are related to non-UBS AG equity instruments, foreign exchange, credit instruments or indices are considered structured instruments.

assistant: 與非瑞士銀行股本工具、外匯、信貸工具或指數有關的合併債務工具，均被視爲結構性工具。
user: Please translate the following sentence from English to Chinese: As a Reporting Financial Institution under FATCA the Company is subject to the applicable penalties if there is “significant non-compliance” with its obligations under the IGA.

assistant: 本公司作爲FATCA規定之下的申報財務機構，若有任何「重大不遵守」根據《跨政府協議》須履行的責任，則須受到適當的處罰。
user: Please translate the following sentence from English to Chinese: The possibility of fraud, negligence, undue influence being exerted by the issuer or refusal to recognize ownership exists, which, along with other factors, could result in the registration of a shareholding being completely lost.

assistant: 發行人可能出現的欺詐、疏忽、所施加的不當影響或拒絕承認擁有權，連同其他因素或會導致持股的登記完全失去。
user: Please translate the following sentence from English to Chinese: The steps, timing, level of control and risks relating to that process will depend on the CCP, its rules and the relevant insolvency law.

assistant: 有關該程序的步驟、時間、控制的程度和風險將視乎 CCP、其規則和相關清盤法律。
user: Please translate the following sentence from English to Chinese: In the case where the amount of tax provisions made is less than the tax liabilities payable, the amount of shortfall will be deducted from the sub-fund’s assets and affecting the sub-fund’s net asset value adversely.

assistant: 如果由於具追溯力的修訂、慣例變動或法規不明確等因素而導致被徵收罰款或逾期付款利息，向中國稅務機關繳付有關款項時可能會對其資產淨值構成影響。
user: Please translate the following sentence from English to Chinese: 1. if two or more shares’ classes belong to a given sub-fund, the assets allocated to such classes will be invested together according to the investment policy of the relevant sub-fund subject to the specific features of said shares’ classes;

assistant: 1. 倘兩個或以上股份類屬於一個指定子基金，分配至該等類別的資產將在上述股份類別特點的規限下根據相關子基金的投資政策共同投資；
user: Please translate the following sentence from English to Chinese: (b) In addition to (a) above, the value of the Underlying Fund’s investment in warrants not held for hedging purposes may not exceed their respective investment limits as stipulated under Schedule 1 of the Regulation.

assistant: (b) 除上文(a)項外，相關基金所持有並非用作對沖之認股權證投資之價值，不得超過規例附表1規定之有關投資限制。
user: Please translate the following sentence from English to Chinese: Investors are therefore advised to consult their Distributor to ascertain the basis on which fees will be charged by the Distributor on their Notes.

assistant: 因此，投資者務請諮詢他們的分銷商，以確定分銷商就他們的票據將收取的費用基準。
user: Please translate the following sentence from English to Chinese: (a) Year 1 – Between launch and 31 December, the MSCI All Countries World Index (with income reinvested) goes up by 10% and in that same period the Net Asset Value per Share of the Global Extended Alpha Fund goes up by 20% in comparison with the Net Asset Value per Share at launch.

assistant: (a) 首年－在推出日至 12 月 31 日期間，MSCI 所有國家全球指數 (MSCI All Countries World Index)（將收入再投資）上升 10%，而相對於推出時的每股資產淨值，Global Extended Alpha Fund 的每股資產淨值於同期報升 20%。
user: Please translate the following sentence from English to Chinese: Basis of accounting The Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB), and are presented in Swiss francs (CHF), which is also the functional currency of UBS AG’s Head Office and its Swiss-based operations.

assistant: 會計基準財務報表已根據國際會計準則委員會頒佈的國際財務報告準則編制，其以瑞士法郎呈列，瑞士法郎亦爲瑞士銀行總部及其於瑞士的業務的功能貨幣。
user: Please translate the following sentence from English to Chinese: (v) paragraphs 23, 24 and 25 of the Third Schedule on the ground that compliance with such provisions is unnecessary because the Notes will be secured on a separate batch of collateral and the Noteholders of each Series of Notes have limited recourse to the extent of the collateral on which the particular Series is secured and the inclusion of such information would be irrelevant to prospective investors and would not impact on a prospective investor’s decision to purchase the Notes;

assistant: (v) 附表三第23、24及25段，此乃基於票據獲另一組抵押品抵押，而每個票據系列的票據持有人在該有抵押系列的抵押品之範圍內有有限追索權，而收錄這些資料與準投資者並不相干，亦不會影響準投資者購買票據的決定，因而毋需另行遵照該項規定；
user: Please translate the following sentence from English to Chinese: Hong Kong investors should read this document together with the latest Prospectus before making any investment decision.

assistant: 香港投資者在作出任何投資決定前，應閱讀本文件及最新版本的基金章程。
user: Please translate the following sentence from English to Chinese: If rates go up, the value of debt securities fall;

assistant: 利率上升，債務證券的價格即下跌；
user: Please translate the following sentence from English to Chinese: Principal Activities The Bank is a licensed bank authorised under the Hong Kong Banking Ordinance.

assistant: 主要業務 本銀行爲根據香港《銀行業條例》項下所規定獲發牌的持牌銀行。
user: Please translate the following sentence from English to Chinese: In addition, investments that are purchased or held in connection with a QFII licence or the Stock Connect program may be subject to additional risks, as follows.

assistant: 此外，透過QFII牌照或互聯互通機制購買或持有的投資可能涉及以下額外風險。
user: Please translate the following sentence from English to Chinese: Hedge Disruption Event means in the opinion of the Calculation Agent any event as a result of which the Issuer and/or any of its Affiliates has not received the relevant Deliverable Obligations under the terms of any transaction entered into by the Issuer and/or any such Affiliate to hedge the obligations or position of the Issuer in respect of the Notes.

assistant: 對沖中斷事件指根據計價代理意見而釐定的事件，在發行人及或其任何該聯屬公司訂立的交易條款下，發行人及或其任何聯屬公司尚未收取有關交付責任以對沖發行人有關票據的交付責任或位置。
user: Please translate the following sentence from English to Chinese: Moreover, work is constantly carried out on the internal model to improve its quality.

assistant: 此外，集團亦不斷以內部模式提升質素。
user: Please translate the following sentence from English to Chinese: (ii) Subject to the provisions of sub-paragraph (iii) below, the Amortised Face Amount of any such Note shall be the scheduled Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield (which, if none is specified, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually.

assistant: (ii) 受以下分段(iii)條款之限，任何該等債券的已攤銷面值應爲該債券在到期日按年率（以百分比表示）折算的預定贖回款項，該年率相當於年度複合計算的攤銷收益率（如果未指定，該比率應爲產生已攤銷面值的比率，如果折算回發行日期的發行價，該已攤銷面值與債券的發行價相同）。
user: Please translate the following sentence from English to Chinese: Also, there may be less publicly available information about smaller companies or less market interest in the securities, and it may take longer for the prices of the securities to reflect the full value of the issuers' earning potential or assets.

assistant: 再者，有關小型公司的公開資訊或市場對其證券的興趣均較少，證券價格或需較長的時間方可反映發行商的盈利潛力或資產的全面價值。
user: Please translate the following sentence from English to Chinese: Refer to the annual report for details on the amount of such fee paid for the previous fiscal year.

assistant: 請參閱年度報告，瞭解上個財務年度支付的此類費用金額的詳情。
user: Please translate the following sentence from English to Chinese: Osaka Securities Exchange;

assistant: 大阪證券交易所；
user: Please translate the following sentence from English to Chinese: the Organisation for Economic Co-operation and Development.

assistant: 經濟合作及發展組織。
user: Please translate the following sentence from English to Chinese: In addition to these risks, equity REITs and other property related companies may be affected by changes in the value of the underlying property owned by the trusts, while mortgage REITs and other property related companies may be affected by the quality of any credit they extend.

assistant: 除了此等風險外，股本房地產投資信託基金及其他地產相關公司可能因信託基金所擁有相關物業的價值變動而受影響，而按揭房地產投資信託基金及其他地產相關公司則可能因其所提供任何信貸的質素而受影響。
user: Please translate the following sentence from English to Chinese: If either a cheque or draft fails to clear successfully, or a telegraphic transfer fails to arrive for value, or the same day autopay bank account does not have sufficient funds, within this period, the Company may charge interest on any overdue monies on a daily basis until payment is received in full, at such rate as the Company considers appropriate. Regardless of whether interest is charged, the Company has the right to cancel any allotment of Shares, in which case the Company shall be entitled to claim from an investor the amount (if any) by which the original Subscription Price together with any accrued interest exceeds the Redemption Price prevailing on the date of cancellation.

assistant: 如支票或匯票未能成功結算，或者電匯款項未能於限期內匯到，或當日自動轉帳銀行帳戶內沒有足夠的資金，本公司可在款項全數收妥前對欠款按日計息，息率由本公司釐定。 不論徵收利息與否，本公司均有權取消配售股份。
user: Please translate the following sentence from English to Chinese: Section IX General Information - About the Investment

assistant: 第九部分一般資料–關於投資
user: Please translate the following sentence from English to Chinese: Repossessed collateral assets are reported as “Repossessed assets” under “Other assets” and the relevant loans and impairment allowances are derecognised.

assistant: 收回抵押資產會列示於「其他資產」項下之「收回資產」，而相應之貸款及減值準備則予以註銷。
user: Please translate the following sentence from English to Chinese: As it is intended that the Subsidiary will not have a permanent establishment in India, any such business income should not be subject to tax in India.

assistant: 由於毛裏裘斯子公司不擬在印度設立永久機構，此等商業收入不必在印度納稅。
user: Please translate the following sentence from English to Chinese: work together to enhance the effectiveness in implementing the PRI;

assistant: 共同提升實施投資原則的效能議題；
user: Please translate the following sentence from English to Chinese: 1 "Fees and expenses" refers to:

assistant: 1「費用及開支」指：
user: Please translate the following sentence from English to Chinese: The Investment Manager expects, under normal circumstances, to hedge investments and other exposures, including derivatives exposures such that the Portfolio’s non-base currency exposure will not exceed 10% of the Portfolio’s net assets.

assistant: 投資管理人預計在正常市況下，將對沖投資及其他風險（包括衍生工具風險）以使本基金的非基準貨幣風險不會超過本基金淨資產的 10%。
user: Please translate the following sentence from English to Chinese: (iii) The Fund may invest less than 10% of its total net asset value in equity-linked notes and participation notes.

assistant: (iii) 基金可將其總資產淨值少於10%投資於股票掛鉤票據及參與票據。