billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Therefore, the Fund, its service providers and other members of the HSBC Group do not warrant that any information on their systems relating to any payment messages or other information and communications which are the subject of any action taken pursuant to this section is accurate, current or up-to-date at the time it is accessed, whilst such action is being taken.

assistant: 因此，本基金、其服務提供者和滙豐集團其他成員不保證，當根據本節採取任何行動期間，於其系統內所取得任何屬該等行動標的物的付款信息或其他資料和通訊於取得時爲準確、現行或最新的資料。
user: Please translate the following sentence from English to Chinese: › Pictet Asset Management (Hong Kong) Limited (“PICTET AM HK”) PICTET AM HK is a Hong Kong-licensed company subject to the oversight of the Hong Kong Securities and Futures Commission and authorised by the latter to conduct type 1 (dealing in securities), type 2 (dealing in futures contracts), type 4 (advising on securities) and type 9 (asset management) regulated activities as at the date of this Prospectus.

assistant: ›百達資產管理（香港）有限公司（「PICTET AM HK」） PICTET AM HK是一家香港註冊公司，受香港證券及期貨事務監察委員會監管，並於本公開說明書日期獲其認可從事第 1 類（證券交易）、第 2 類（期貨合約交易）、第 4 類（就證券提供意見）及第 9 類（資產管理）受規管活動。
user: Please translate the following sentence from English to Chinese: Derivatives Glossary of Terms\n

assistant: 衍生工具詞彙表\n
user: Please translate the following sentence from English to Chinese: The risks of a particular hybrid instrument will depend upon the terms of the instrument, but may include the possibility of significant changes in the benchmark(s) or the prices of the underlying indicators to which the instrument is linked.

assistant: 某一混合工具的風險取決於該工具的條款，但或會包括與該工具掛鉤的相關基準指標或價格重大變動的可能性。
user: Please translate the following sentence from English to Chinese: (A) A list of all Funds and Share Classes may be obtained, free of charge and upon request, from the registered office of the Company.

assistant: (A) 投資者可向本公司註冊辦事處免費索取列載所有基金及股份類別一覽表。
user: Please translate the following sentence from English to Chinese: (a) the Manager or the Trustee, as the case may be, suspect or are advised that the payment of any redemption proceeds to such Unitholder may result in a breach or violation of any antimoney laundering law by any person in any relevant jurisdiction or other laws or regulations by any person in any relevant jurisdiction;

assistant: (a) 基金經理或受託人（視情況而定）懷疑或獲悉向有關單位持有人支付贖回款項或會導致任何人士違反任何有關司法管轄區內所適用的打擊洗錢法律或導致任何人士違反任何有關司法管轄區所適用的其他法律或規例﹔
user: Please translate the following sentence from English to Chinese: The prices of securities traded in such markets may be subject to fluctuations.

assistant: 在該等市場買賣的證券，其價格或會波動。
user: Please translate the following sentence from English to Chinese: Exchanges or conversions from one Class to another Class of the same or another Fund will be based on the respective net asset value of each Class as of the trade date for the transaction.

assistant: 從一個類別交換或轉換爲同一基金或其他基金的其他類別將分別根據各類別於交易日期的資產淨值計算。
user: Please translate the following sentence from English to Chinese: The exercise price of each SAR is HK$2.50, which was the issue price of the H share at the time of its initial public offering.

assistant: 行權價爲H股首次發行的發行價2.50港元；
user: Please translate the following sentence from English to Chinese: these fees will not exceed 0.65% per annum of the value of the assets of the relevant Fund and GBP120 (USD190) per transaction respectively. Both fees are paid monthly in arrears.

assistant: 此等費用將分別不超過有關基金資產價值的每年 0.65%及不超過每宗交易 120 英鎊（190 美元）。 該兩項費用均爲每月期末支付。
user: Please translate the following sentence from English to Chinese: In addition, substantially all of the collateral held by the Company for resale agreements or bonds borrowed, which together represented approximately 23% of the Company’s total assets at November 30, 2003, consist of securities issued by the U.S. government, federal agencies or other sovereign government obligations.

assistant: 此外，本公司因轉售協議或債券借用而持有的抵押品（一併佔本公司二零零三年十一月三十日總資產約23%）實際上全部均屬美國政府和聯邦機關發行的證券，或其他外國政府債務。
user: Please translate the following sentence from English to Chinese: A certificate of exemption relating to this Programme Prospectus has been issued with respect to the Issuer and the Swap Counterparty, subject to certain conditions, by the SFC under Section 342A(1) and (7) of the Companies Ordinance (Cap. 32) of Hong Kong in respect of certain sections of, and certain paragraphs of the Third Schedule to, the Companies Ordinance.

assistant: 證監會已根據香港法例第32章公司條例第342A(1)及(7)條就發行人及掉期對手發出與本計劃章程有關並附帶若干條件的豁免證書，豁免遵守公司條例附表三若干條例及若干段落。
user: Please translate the following sentence from English to Chinese: The sub-fund may also invest up to 10% of its net assets in cash and cash equivalents within or outside of PRC.

assistant: 本附屬基金可將其最多 10% 的淨資產投資於中國境內或境外的現金及現金等價物。
user: Please translate the following sentence from English to Chinese: Our sole purpose and business is to issue notes under our programme.

assistant: 本公司之唯一目的和業務是根據計劃發行票據。
user: Please translate the following sentence from English to Chinese: The fee may be increased in respect of any one or more funds from time to time, provided the fee does not exceed an annual rate of 2.00% of the Net Asset Value of the fund.

assistant: 有關任何一項或多項基金的費用可不時調高，惟每年的費用不得超逾基金資產淨值的2.00%。
user: Please translate the following sentence from English to Chinese: Administration Fee The Company pays an Administration Fee to the Management Company.

assistant: 行政費本公司向管理公司支付行政費。
user: Please translate the following sentence from English to Chinese: Investors should note that distributions of this nature may be treated (and taxable) as income, depending on local tax legislation.

assistant: 投資者應注意，此性質的分派可當作爲收入（及應課稅收入），視乎當地稅務法例而定。
user: Please translate the following sentence from English to Chinese: The Nominee has been appointed by JPMFAL in accordance with the Terms and Conditions.

assistant: 代名人已獲JPMFAL根據條款及條件委任。
user: Please translate the following sentence from English to Chinese: The sub-fund may also have exposure to non-US Dollar currencies including Asian currencies (up to 30% of its net assets).

assistant: 本附屬基金亦可涉足非美元貨幣，包括亞洲貨幣（其最多 30% 的淨資產）。
user: Please translate the following sentence from English to Chinese: The Asia Pacific Equity Fund (MPF) is a feeder fund investing into the Asia Pacific Equity Fund.

assistant: 亞太股票基金（強積金）是一項投資於亞太股票基金的聯接基金；
user: Please translate the following sentence from English to Chinese: Up to 5% of subscription amount

assistant: 最高爲認購金額的 5%
user: Please translate the following sentence from English to Chinese: (15) No Portfolio may acquire such amount of shares carrying voting rights which would enable the SICAV to exercise a significant influence over the management of the issuer.

assistant: (15) 組合基金不可買入對發行人的管理行使重大影響的具投票權的 股份。
user: Please translate the following sentence from English to Chinese: Redemption requests received after such Order Cut-off Time (as defined in the relevant part of Section I relating to a specific portfolio) will be processed on the next Business Day at the appropriate Net Asset Value determined as of the Valuation Point on such Business Day, in which case the Trade Date in respect of such redemption request will be such Business Day.

assistant: 於指示截止時間（按第 I 部分中具體基金的相關說明）後接獲的贖回指示於下一個營業日按截至該營業日估值時間所定的適用資產淨值處理，在此情況下，此類贖回要求的交易日爲該營業日。
user: Please translate the following sentence from English to Chinese: From 1 January 2018, the corporate Shareholder indexation relief will be frozen.

assistant: 公司股東指標化寬免將自 2018 年 1 月 1 日起凍結。
user: Please translate the following sentence from English to Chinese: We also have the right to cancel the Offer at any time before the Issue Date.

assistant: 本公司亦有權於發行日前的任何時間內取消招售。
user: Please translate the following sentence from English to Chinese: Prior to the commencement of such trading, there had been no public market for the units of RQFII ETFs in Hong Kong.

assistant: 於開始買賣前，RQFII ETF 的單位於香港並無公開市場。
user: Please translate the following sentence from English to Chinese: (c) Market risk (continued)

assistant: (c) 市場風險（續）
user: Please translate the following sentence from English to Chinese: For the avoidance of doubt, no derivative transaction will be entered into which provides for a physical delivery of any component of an underlying commodity futures, precious metal and commodity indices.

assistant: 爲免產生疑問，概不會訂立規定必須以實物交付相關商品期貨、貴金屬與商品指數的任何成份之衍生工具交易。
user: Please translate the following sentence from English to Chinese: or (b) the relevant transaction is executed on best terms on an organised investment exchange in accordance with the rules of such exchange;

assistant: 或 (b) 有關交易根據有關交易所的規則在有組織的投資交易所按最佳條款執行；
user: Please translate the following sentence from English to Chinese: For further details concerning SFTs and TRS, please refer to “Appendix D:

assistant: 有關SFT及TRS的進一步詳情，請參閱「附錄D：
user: Please translate the following sentence from English to Chinese: The Administrator may accept an estimate for these purposes and investors should be aware that in these circumstances a possible conflict of interest may arise as the higher the estimated probable realisation value of the securities the higher the fees payable to the Investment Manager.

assistant: 行政管理人可能接受就此目的釐定的估價，而投資者應注意，在該等情況下可能會出現利益衝突，證券的估計可變現價值越高，應付予投資經理的費用則越高。
user: Please translate the following sentence from English to Chinese: A company or group of companies looking to enhance liquidity may sell receivables to a bank or other conduit, which, in turn, will issue them to the Fund as commercial paper.

assistant: 一家公司或集團公司欲提高流動性，可將應收賬款售予銀行或其他管道，後者會轉而將之作爲商業票據發行予基金。
user: Please translate the following sentence from English to Chinese: The following Bond Fund may invest more than 30% of its Net Asset Value in below investment grade debt securities.

assistant: 以下債券基金可將超過30%的資產淨值投資於低投資級別債券。
user: Please translate the following sentence from English to Chinese: (b) Goodwill At 1 January and at 31 December

assistant: (b) 商譽 1月1日及12月31日結餘
user: Please translate the following sentence from English to Chinese: If the information in this Programme Memorandum needs to be updated at the time when the Issuer issues an Issue Prospectus, the Issuer may put the updated information in the Issue Prospectus, or the Issuer may put it in an addendum to the Base Disclosure Document.

assistant: 於發行人刊發發行章程時，倘須更新本計劃章程大綱之資料，發行人可將所更新之資料收錄於發售章程內，或收錄於基本披露文件之附件內。
user: Please translate the following sentence from English to Chinese: For each active share, a KIID is available which mentions, among others, the launch date, the Reference Currency and the historical performance.

assistant: 各活躍股份類別的詳情已載於 KIID，其中包括髮行日期、參考貨幣和歷史表現。
user: Please translate the following sentence from English to Chinese: The regulatory framework of the Vietnam primary and secondary securities markets is still in the development stage compared to many of the world’s leading stock markets, and accordingly there may be a lower level of regulatory monitoring of the activities of the Vietnam primary and secondary securities markets.

assistant: 越南一級及二級證券市場之監管架構相對全球主要股市仍處於發展階段，因此在監管上監察越南一級及二級證券市場活動之水平可能較低。
user: Please translate the following sentence from English to Chinese: See "How to Purchase Shares" and "Additional Information—Fees and Expenses" in Section II. The Management Company has voluntarily undertaken, until the Management Company on behalf of the Fund notifies Shareholders to the contrary, that if, in any fiscal year, the aggregate fees and expenses with respect to the following share classes of the Portfolio (including any management fee and all other fees and expenses set out in "Additional Information—Fees and Expenses" in Section II, including Luxembourg Taxe d'Abonnement but exclusive of certain other taxes, brokerage (if applicable) and interest on borrowings) exceed the following percentages of the Portfolio's (and corresponding H shares) average Net Asset Value for the fiscal year attributable to the Portfolio's share classes as follows:

assistant: 見第 II 部分「如何購買股份」及「附加資料－費用及開支」。 管理公司已自願承諾（直至管理公司代表本傘子基金向股東發出相反通告爲止），倘於任何財政年度，本基金以下股份類別涉及的費用及開支總額（包括第 II 部分「附加資料－費用及開支」所載的任何管理費及所有其他費用及開支，包括盧森堡年稅，但不包括某些其他稅項、經紀佣金（如適用）和借款利息）超出本基金以下股份類別應占本基金（及相應 H 類股份）該財政年度平均資產淨值的以下百分比：
user: Please translate the following sentence from English to Chinese: The Fund will not invest more than 10% of its total net asset value in Chinese debt securities traded in the CIBM through the CIBM Initiative and/or Bond Connect.”

assistant: 基金不會將其總資產淨值10%以上透過中國銀行間債券市場項目及／或債券通投資於在中國銀行間債券市場交易的中國債務證券。」
user: Please translate the following sentence from English to Chinese: Specific Risk Considerations Long and short positions gained through bond total return swaps may increase exposure to credit-related risks.

assistant: 特定風險考慮因素 通過債券總回報掉期獲得的長倉和短倉可能增加信貸相關風險。
user: Please translate the following sentence from English to Chinese: All instruments and investment techniques must be in line with the investment objectives and restrictions of each sub-fund. Robust escalation procedures are in place to ensure any identified irregularities are escalated and resolved in a timely fashion.

assistant: 所有工具及投資技巧必須符合各子基金的投資目標及限制。 此外，健全的上報程序可確保在識別任何違規情況後，及時上報並解決問題。
user: Please translate the following sentence from English to Chinese: (iv) Determination of Rate of Interest and Calculation of Interest Amounts The Principal Paying Agent in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, Equity Linked Interest Notes and Currency Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.

assistant: (iv) 釐定利率及計算利息款額 主要付款代理（就浮息票據而言）及計價代理（就指數掛鉤計息票據、股票掛鉤計息票據及貨幣掛鉤計息票據而言），將於釐定利率後儘快釐定有關利息期的利率。
user: Please translate the following sentence from English to Chinese: The member States of the European Economic Area are currently as follows:

assistant: 歐洲經濟區成員國目前包括以下國家：
user: Please translate the following sentence from English to Chinese: Key Facts Statement (A) Non-Principal Protected Unlisted Daily Cash Dividend Callable Equity Linked Investments Linked to a Basket of Securities (Basket DCDC ELIs) with Daily Autocall Condition and No Knock-in Feature issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC) We may issue six variations of Basket DCDC ELIs.

assistant: 資料概要(A) 由香港上海滙豐銀行有限公司（滙豐） 發行的設有每日自動贖回條件及不設生效機制 與一籃子證券掛鉤的非保本非上市每日現金紅利可贖回股票掛鉤投資（籃子每日現金紅利可贖回股票掛鉤投資） 本公司可發行六類籃子每日現金紅利可贖回股票掛鉤投資。
user: Please translate the following sentence from English to Chinese: Save for the cost of establishing the Fund, details under the sub-section entitled “Other Liabilities” under the section entitled “FEES, CHARGES AND LIABILITIES” in Section A – Consolidated Explanatory Memoranda of Asia Pacific Equity Funds shall apply to this Fund.

assistant: 除成立基金的成本外，第A節亞太區股票基金的綜合基金說明書內「收費、開支及責任」一節內「其他責任」分節內的詳情將適用於本基金。
user: Please translate the following sentence from English to Chinese: Within each Class, the Fund may issue either or all Income Shares (Shares which distribute income), Income II (which seeks to provide an enhanced yield) and Accumulation Shares (Shares which accumulate income).

assistant: 在每類別中，基金可發行收息股份（分派收益的股份）、收息 II 股份（尋求提供已增加收益的股份）及累積股份（累積收益的股份）三類中的其中一類或全部類別股份。
user: Please translate the following sentence from English to Chinese: In general, market timing refers to the investment behaviour of an individual or company or a group of individuals or companies buying, selling or exchanging shares or other securities on the basis of predetermined market indicators by taking advantage of time differences and/or imperfections or deficiencies in the method of determination of the net asset value.

assistant: 一般而言，選時交易指個別人士或公司或一羣人士或公司利用時差及∕或資產淨值的釐定方法的不完美或不足之處，根據預先決定的市場指標買賣或互換股票或其他證券的投資行爲。
user: Please translate the following sentence from English to Chinese: In March 2006, Carlton Energy Group, Muskeg Oil Co and Newco, filed a similar suit against Holdings, LBI, two of the Lehman employees named in the Dynoil action and a third Lehman Brothers employee, in state court in Harris County, Texas.

assistant: 於二零零六年三月，Carlton Energy Group、Muskeg Qil Co及Newco於德克薩斯州哈里斯郡州立法院（state court in Harris County, Texas）向控股公司、LBI及該兩名牽涉Dynoil訴訟的雷曼僱員及第三名雷曼兄弟僱員提出類似訴訟。
user: Please translate the following sentence from English to Chinese: None of the foregoing activities should interfere substantially with the commitment of time necessary for the Investment Manager or its principals to perform their responsibilities to the Fund.

assistant: 上述任何活動均不得嚴重妨礙投資管理人或其委託人對本傘子基金履行彼等職責的必要時間投入。
user: Please translate the following sentence from English to Chinese: You should obtain any necessary and appropriate professional advice before investing in the notes.

assistant: 投資票據前，閣下應徵詢一切所需及合適之專業意見。
user: Please translate the following sentence from English to Chinese: (d) Credit risk Credit risk represents the loss, which the Group would suffer if a client or counterparty failed to meet its contractual obligations.

assistant: (d) 信貸風險信貸風險是指集團在客戶或交易對方沒有履行合約責任時，所蒙受的損失。
user: Please translate the following sentence from English to Chinese: These tax rules may be activated if the investments selected by the Investment Manager for the funds of funds are regarded as not meeting certain tests laid down by the tax authorities in the Shareholders' country of residence.

assistant: 如投資經理爲綜合基金揀選的投資項目在股東居住國來說被視爲不符合稅務機構頒佈的若干測試，這些稅務規則將適用。
user: Please translate the following sentence from English to Chinese: For example, we may also sell our notes to private banks on terms different from those offered in an issue prospectus.

assistant: 舉例說，本公司亦可按有別於本發行章程所提供的條款，向私人銀行出售票據。
user: Please translate the following sentence from English to Chinese: The Investment Advisers The list of Investment Advisers to which the Management Company may delegate its investment management functions are set out in the section headed “Administrative Organisation – The Investment Advisers and SubAdvisers” of the Prospectus.

assistant: 投資顧問獲管理公司轉授投資管理職能的投資顧問名單，載於章程中「管理組織－投資顧問及副顧問」一節。
user: Please translate the following sentence from English to Chinese: You may not be able to get the same rate of return if you re-invest in investments with similar risk parameters.

assistant: 如　閣下再投資於其他風險參數相若的投資，　閣下未必能夠獲得相同的回報率。
user: Please translate the following sentence from English to Chinese: However, the Manager does not currently intend to make any distributions of income of the Trusts.

assistant: 然而，經理人現時不擬作出任何信託基金收益分派。
user: Please translate the following sentence from English to Chinese: Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest.

assistant: 金融衍生工具亦可嵌入本附屬基金可投資的其他工具。
user: Please translate the following sentence from English to Chinese: For the purposes of the Fund, “TBA” contracts are forward contracts on agency mortgage pass-through securities issued by agencies such as Fannie Mae, Freddie Mac and Ginnie Mae.

assistant: 就本基金而言，「待宣佈證券」合約是由房利美、房地美及吉利美等機構發行的機構按揭轉手證券的遠期合約。
user: Please translate the following sentence from English to Chinese: FTSE’s transparent rules-based methodology is overseen by independent committees of leading market participants, focused on applying the highest industry standards in index design and governance.

assistant: 富時採用的方法具透明度而且以規則爲主，由具領導地位的市場參與者組成的獨立委員會監察，專注於就指數設計和管理應用最高的行業標準。
user: Please translate the following sentence from English to Chinese: The Portfolio may suffer significant losses when there is a default of sovereign debt issuers.

assistant: 若主權債務發行人出現違約，本基金可能遭受重大損失。
user: Please translate the following sentence from English to Chinese: 5.2.4 Restrictions on Ownership of Shares\n

assistant: 5.2.4 股份擁有權限制\n
user: Please translate the following sentence from English to Chinese: Emerging Asia The Fund is not subject to any limitation on the portion of its Net Asset Value that may be invested in any country in Asia or sector.

assistant: 新興亞洲基金可投資於任何亞洲國家或行業的資產淨值的有關部分並不受任何限制。
user: Please translate the following sentence from English to Chinese: Certain investors might exploit this discrepancy. By these investors paying less than the fair value for units on issue, or receiving more than the fair value on redemption, other unitholders may suffer a dilution in the value of their investment.

assistant: 若干投資者可能會利用該差異謀取利益。 倘此等投資者所付價值低於已發行單位之公平價值，或倘此等投資者所收價值高於所贖回單位之公平價值，其他單位持有人之投資的價值可能被攤薄。
user: Please translate the following sentence from English to Chinese: It is expected that the list of eligible securities will be subject to review and may change.

assistant: 預期合資格證券的名單將予檢討及可作更改。
user: Please translate the following sentence from English to Chinese: Investment in the Company may not be suitable for all investors. Prospective purchasers of Shares who are individuals are encouraged to invest with the assistance of a Distributor (of which the Company will provide details upon request), who will be responsible for the assessment of the suitability and/or the appropriateness of such investment (see also "Distributors and other Intermediaries").

assistant: 投資於本公司未必適合所有投資者。 鼓勵股份的準買家由分銷商(有關詳情可向本公司索取)協助進行投資，分銷商將負責評估該項投資是否適合及/或適當(亦請參閱「分銷商及其他中介機構」一節)。
user: Please translate the following sentence from English to Chinese: The fund may invest up to 30% of its assets in non-Euro denominated debt securities. Exposure to non-Euro denominated debt securities may be hedged back into Euro (as described in the Prospectus).

assistant: 基金可將最多30%的資產投資於非歐元結算債務證券，並可能就非歐元結算債務證券的投資進行歐元對沖 (詳情見認購章程)。
user: Please translate the following sentence from English to Chinese: On this basis, no Indian tax will be payable in respect of any capital gains realized by the Mauritius subsidiary on its Indian investments acquired prior to 1 April 2017.

assistant: 在此基準上，於二零一七年四月一日前毛裏裘斯附屬公司就其印度投資變現獲得的任何資本收益毋須繳付印度稅項。
user: Please translate the following sentence from English to Chinese: Notices of mergers or, as the case may be, liquidations will be distributed 30 days in advance, and will indicate the reasons for the mergers.

assistant: 合併或（視情況而定）清盤的通知書將預先 30 日派發，並將註明合併的理由。
user: Please translate the following sentence from English to Chinese: Any increased tax liabilities on the Fund may adversely affect the Fund’s value.

assistant: 基金稅務負債的任何增加會對基金價值造成不利影響。
user: Please translate the following sentence from English to Chinese: The Hong Kong Offering Document is published in English and Chinese. Insofar as Hong Kong investors are concerned, and as long as the Fund remains authorized by the SFC for sale to retail investors in Hong Kong, the English version and Chinese version of the Hong Kong Offering Document shall have equal standing, notwithstanding any disclosure in the Prospectus to the effect that the English language Prospectus will prevail in the event of any inconsistency between the English language Prospectus and the Prospectus in another language.

assistant: 章程及本補充文件分別以英文及中文刊發。 只要與香港投資者有關，以及本基金仍獲證監會認可向香港散戶投資者發售，章程及本補充文件各自的英文本及中文本均具有同等地位，儘管倘英文本章程與其他文本章程有任何歧異，章程的披露資料概以英文本章程爲準。
user: Please translate the following sentence from English to Chinese: A reduction or discontinuation of dividend payments may have a negative impact on the value of a Fund’s holdings in these companies.

assistant: 減少或停止支付股息可能對本基金持有這些公司的股票之價值造成負面影響。
user: Please translate the following sentence from English to Chinese: If the Sub-Fund invests in ELIs which are not listed or quoted or dealt in on a market (market means any stock exchange, OTC market or other organized securities market that is open to the international public and on which such securities are regularly traded), the Sub-Fund’s investment therein will not exceed 15% of its latest available Net Asset Value.

assistant: 如果本分支基金投資於沒有在市場（市場指任何證券交易所、OTC市場或其他開放予國際性公衆投資者及該等證券有定期交易的有組織證券市場）上市或報價或買賣的股票掛鉤票據，本分支基金對該等票據的投資將不超過其最近期的資產淨值的百分之十五。
user: Please translate the following sentence from English to Chinese: The value of a Fund investing in preference shares may therefore be adversely affected.

assistant: 因此，投資於優先股的基金的價值可能受到不利的影響。
user: Please translate the following sentence from English to Chinese: The types of mortgaged-backed securities in which the Fund may invest are commercial mortgage backed securities (CMBS), collateralised mortgage obligations (CMO), residential mortgage backed securities (RMBS) and to be announced securities (TBA) contracts.

assistant: 本基金可投資的各種按揭抵押債券是商業按揭抵押證券、抵押按揭債務產品、住宅按揭抵押證券及待宣佈證券合約。