billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: 14 Tax expense Taxation in the condensed consolidated income statement represents:

assistant: 14 稅項支出簡明綜合收益表內之稅項組成如下：
user: Please translate the following sentence from English to Chinese: Financial Derivative Instruments n Although the fund will not make extensive use of derivatives for investment purposes or use complex derivatives or strategies to meet the investment objectives of the fund, the use of derivatives may give rise to leverage, liquidity, counterparty and valuations risks at times.

assistant: 金融衍生工具 n 雖然基金將不會廣泛使用衍生工具作投資用途，或採用複雜的衍生工具或策略，以達致基金的投資目標，但偶爾使用衍 生工具亦可能會引發槓桿、流動性、交易對手及估值風險。
user: Please translate the following sentence from English to Chinese: (iii) Product booklet

assistant: (iii) 產品手冊
user: Please translate the following sentence from English to Chinese: The funds are managed in line with the stated investment objectives and are not managed to maintain a stable payment per Share on any particular Share class.

assistant: 基金以符合所述投資目標的方式管理，並非爲維持任何個別股份類別的穩定每股派息而管理。
user: Please translate the following sentence from English to Chinese: The average duration of the fund’s investments will not exceed three years.

assistant: 基金所持投資的平均存續期將不會超過三年。
user: Please translate the following sentence from English to Chinese: The above risks may have a significant adverse impact on the performance of the units of such China ETF and the performance or market value of our ELIs, in which case you may sustain a loss in your investment.

assistant: 上述風險可能對中國交易所買賣基金的單位的表現，以至本行的股票掛鉤投資的表現或市值造成重大不利影響，繼而令閣下的投資蒙受損失。
user: Please translate the following sentence from English to Chinese: However, other than the VAT exemption in the paragraph above, Circular 36 shall apply to levy VAT at 6% on the difference between the selling and purchase prices in trading of those marketable securities.

assistant: 然而，除上段所載增值稅豁免外，通知36號應適用，就買賣該等有價證券的買賣差價徵收 6%增值稅。
user: Please translate the following sentence from English to Chinese: Such amount may be substantially less than your Deposit Amount.

assistant: 該金額可能遠低於　閣下的存款金額。
user: Please translate the following sentence from English to Chinese: Amounts which are not promptly claimed by Shareholders will be held in escrow accounts by the Caisse de Consignation. Amounts not claimed from escrow within the period fixed by law may be liable to be forfeited in accordance with the provisions of Luxembourg law.

assistant: 股東未能即時領取的款額將保留於盧森堡信託局的託管帳戶。 根據盧森堡法律規定，凡未能於法定期間從託管帳戶領取的款額將予沒收。
user: Please translate the following sentence from English to Chinese: On written request to the Transfer Agent, the Investor Servicing team or the Hong Kong Representative, redemption proceeds may be made in HK dollars or any other freely convertible currency, at the investor’s cost.

assistant: 閣下可向過戶代理人、投資者服務團隊或香港代表辦事處發出書面要求，以港元或任何其他可自由兌換的貨幣支付贖回款項，費用由投資者承擔。
user: Please translate the following sentence from English to Chinese: Distributors shall also abide by the terms of any laws and regulations applicable to them in the country where their activity takes place, including, in particular, any relevant requirements to identify and know their clients. Distributors must not act in any way that would be damaging or onerous on the Company in particular by submitting the Company to regulatory, fiscal or reporting information it would otherwise not have been subject to.

assistant: 配售商亦須遵守在其業務所在國家對其適用的任何法律及規定，特別是包括識別及認識其客戶身份的有關規定。 配售商不得作出損害本公司或添加本公司責任的行爲，尤其是導致本公司呈交監管、財政或報告資料，而該等資料原本是不需要呈交的。
user: Please translate the following sentence from English to Chinese: If any defaults occur in the assets backing a CDO, the senior bond classes are first in line to receive principal and interest payments, followed by the mezzanine classes and finally by the lowest rated (or non-rated) class, which is known as the equity tranche.

assistant: 如保證抵押債務證券的資產發生任何違約，優先債券類別會首先獲支付本金及利息，繼而是次級類別，最後是最低評級（或不獲評級）類別，其又稱爲股票級別。
user: Please translate the following sentence from English to Chinese: In general, the prices of fixed income securities rise when interest rates fall, whilst their prices fall when interest rates rise.

assistant: 一般而言，利率下跌時，定息證券的價格會上升，利率上升時，其價格則會下跌。
user: Please translate the following sentence from English to Chinese: The Compartment will hold a diversified portfolio primarily composed of securities issued by companies listed on a stock exchange or traded on a regulated market that operates regularly and is recognised and open to the public.

assistant: 本成分基金將持有一個多元化投資組合，主要由在證券交易所上市或於定期營運及獲認可，並對公衆開放的受規管市場交易的公司所發行的證券組成。
user: Please translate the following sentence from English to Chinese: Mr. Berlind, who is also a private investor, has been a theatrical producer and principal of Berlind Productions since 1981.

assistant: Berlind先生（亦是一名私人投資者）自一九八一年起便成爲 Berlind Productions的舞臺總監兼主席。
user: Please translate the following sentence from English to Chinese: Appendix A Illustrative Example

assistant: 附錄A 說明例子
user: Please translate the following sentence from English to Chinese: However it cannot be guaranteed that the necessary conditions will at all times be satisfied.

assistant: 然而無法保證一直滿足必要條件。
user: Please translate the following sentence from English to Chinese: The English and Chinese versions of the Prospectus shall have equal legal effect.

assistant: 說明書的英文及中文版本具有同等法律效力。
user: Please translate the following sentence from English to Chinese: “Established Rate” means the rate for the conversion of the Original Currency (including compliance with rules relating to rounding in accordance with applicable European Community regulations) into euro established by the Council of the European Union pursuant to the first sentence of Article 123(4), formerly 109 l (4) of the Treaty;

assistant: 「既定匯率」指將原始貨幣（包括遵守適用之歐洲共同體規例有關約整之規則）兌換成歐元之匯率，該匯率由歐盟理事會根據條約第123(4) 條第一句（前爲第109 l (4)條）制定；
user: Please translate the following sentence from English to Chinese: The Kick-in Price is set by reference to the Initial Price.

assistant: 觸及生效價乃參照初始價設定。
user: Please translate the following sentence from English to Chinese: (i) As the Sub-Fund is an Open-ended Fund, the value of the Sub-Fund’s investment in the Eligible Securities shall not be less than 70% of its total Net Assets Value.

assistant: (i) 由於本分支基金乃開放式基金，本分支基金在合格證券的投資價值不可少於其總資產淨值的70%。
user: Please translate the following sentence from English to Chinese: The assigned ratings may not reflect the actual financial strength of the valued asset.

assistant: 所分配的評級未必反映被評估的資產的財政實力。
user: Please translate the following sentence from English to Chinese: or (vi) where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive.

assistant: 或 (vi) 倘根據歐洲理事會指令2003/48/EC或實施或遵從或引進任何法律以符合該指令而須對一名人士的付款施加任何預扣或扣減及作出該等預扣或扣減。
user: Please translate the following sentence from English to Chinese: Once closed, a fund or a class of Shares will not be reopened until, in the opinion of the Board, the circumstances which required closure no longer prevail.

assistant: 基金或股份類別一旦停止接受認購，將不會重開，除非董事會認爲引起停止接受認購的事情已不再適用。
user: Please translate the following sentence from English to Chinese: Although the Trust will attempt to satisfy any obligations imposed on it to avoid the imposition of the FATCA withholding tax, no assurance can be given that it will be able to satisfy these obligations.

assistant: 儘管本信託會設法履行其須承擔的責任以避免被施加 FATCA 預扣稅，惟不能保證其將能夠履行此等責任。
user: Please translate the following sentence from English to Chinese: In addition, the Sub-Fund may also invest in companies that benefit considerably from the increase in consumption in Asia. They include, for example, mobile telephone and consumer finance companies.

assistant: 此外，該子基金亦可投資於相當受惠於亞洲消費增幅的公司，例如流動電話及消費信貸公司。
user: Please translate the following sentence from English to Chinese: If we determine (in our sole and absolute discretion, acting in good faith and in a commercially reasonable manner) that any of the foregoing adjustments is not able to preserve the economic equivalence of the relevant Bull ELI, we will early terminate our Bull ELIs as of the date determined by us in our sole and absolute discretion, acting in good faith and in a commercially reasonable manner, and pay you as soon as practicable a fair market value for your Bull ELIs as of such termination date.

assistant: 倘本公司（按其唯一絕對酌情權以真誠及商業上合理的方式）釐定任何上述調整皆未能保存有關看漲式股票掛鉤投資的經濟等值，則本公司將於按其唯一絕對酌情權以真誠及商業上合理的方式釐定的日期提早終止本公司的看漲式股票掛鉤投資，並於切實可行情況下儘快向　閣下支付　閣下的看漲式股票掛鉤投資於該終止日期的公平市值。
user: Please translate the following sentence from English to Chinese: When the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, the Group either continues to recognise the transferred financial asset to the extent of its continuing involvement if control remains or derecognise it if there is no retained control.

assistant: 在從該等金融資產取得現金流之權利完結或本集團已轉讓實質上所有風險及回報時，將終止對該等金融資產之確認。
user: Please translate the following sentence from English to Chinese: These securities are restricted for resale to Qualified Institutional Buyers (QIBs), as defined by the 1933 “Securities Act” of the United States of America;

assistant: 此等證券被限制轉售予美國 1933 年《證券法》所界定的合資格機構買家（QIB）；
user: Please translate the following sentence from English to Chinese: Subject to applicable regulatory restrictions and internal guidelines, the remaining 30% may be invested in financial instruments of companies or issuers of any size in any sector of the economy globally such as equity securities and cash.

assistant: 在遵守適用的監管限制及內部指引之下，其餘的30%資產可投資於全球各地任何經濟行業內任何規模的公司或發行人所發行的金融工具，例如股本證券及現金。
user: Please translate the following sentence from English to Chinese: 1. All the constituent stocks from time to time of the SSE 180 Index and SSE 380 Index;

assistant: 1. 上證 180 指數及上證 380 指數不時的所有成份股；
user: Please translate the following sentence from English to Chinese: Base Currency

assistant: 基礎貨幣
user: Please translate the following sentence from English to Chinese: The Company, including any of its Funds, does not make use of any securities financing transactions and/or total return swaps as defined under Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012.

assistant: 本公司(包括其任何基金)並未運用2015年11月25日頒佈的有關證券融資交易的透明度及重用的歐洲議會及理事會規例(EU) 2015/2365及修訂規例(EU) 648/2012號界定的任何證券融資交易及/或總回報掉期。
user: Please translate the following sentence from English to Chinese: The Trustee is entitled to receive a trustee fee of 0.2 per cent. per annum of the net asset value of the Fund.

assistant: 信託管理人有權收取佔基金資產淨值每年0.2%之信託管理人費用。
user: Please translate the following sentence from English to Chinese: Any payments for the Notes made in HK dollars will be converted into US dollars and the proceeds of conversion (after deducting the costs of such conversion) will be applied to the purchase of the Notes.

assistant: 以港元支付的票據付款會兌換爲美元，而兌換款項（扣除兌換成本後）將用以購買票據。
user: Please translate the following sentence from English to Chinese: The Series 20 Tranche A Notes and the Series 20 Tranche B Notes are together referred to as the “Series 20 Notes”.

assistant: 系列二十A組債券及系列二十B組債券統稱爲「系列二十債券」。
user: Please translate the following sentence from English to Chinese: In respect of Investments that are denominated and settled in Renminbi, the Early Settlement Date will be postponed as provided in Condition 4(a) upon the occurrence of a CNY Disruption Event;

assistant: 就以人民幣計值及結算的投資而言，提早結算日期將於發生人民幣中斷事件後按細則第4(a)條的規定押後；
user: Please translate the following sentence from English to Chinese: No person is authorised to give any information or to make any representations concerning the Company other than as contained in this HK Prospectus and in the documents referred to herein, and any purchase made by any person on the basis of statements or representations not contained in or inconsistent with the information and representations contained in this HK Prospectus shall be solely at the risk of the investor.

assistant: 除本香港基金章程及其中所述文件所載者外，並無任何人士獲授權就本公司提供任何資料或作出任何聲明，任何人士若根據本香港基金章程並無載列或與本香港基金章程所載者有別的陳述或聲明而購買任何基金，一切風險概由投資者承擔。
user: Please translate the following sentence from English to Chinese: The Fund may use derivatives (including total return swaps), long and short, with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently.

assistant: 本基金爲達致投資增益、減低風險或更有效地管理本基金，可運用長倉和短倉的衍生工具（包括總回報掉期）。
user: Please translate the following sentence from English to Chinese: With respect to Absolute Return Fund, “Absolute Return” is the name of the fund only and refers to the investment objective – to achieve an absolute return performance target not related to an index.

assistant: 目標回報基金中「目標回報」等字眼只屬基金名稱及只反映該基金之投資目標—取得與指數無關的絕對回報表現目標。
user: Please translate the following sentence from English to Chinese: 11.6 ensuring that in transactions involving each Fund’s assets any consideration is remitted to the relevant Fund within the usual time limits;

assistant: 11.6 確保在涉及每隻基金資產的交易中，任何作價均在正常時限內匯付給有關基金；
user: Please translate the following sentence from English to Chinese: The Fund does not intend to participate in securities lending transactions, repurchase transactions or similar over-the-counter transactions.

assistant: 本基金不打算參與證券借貸交易、回購交易或類似的場外交易。
user: Please translate the following sentence from English to Chinese: The certificate of exemption in respect of the Guarantor is issued subject to the conditions that

assistant: 就擔保人而言的豁免證書的發出受下列條件所規限：
user: Please translate the following sentence from English to Chinese: Invests principally in Euro denominated debt securities and other permitted assets.

assistant: 首要投資於以歐元結算的債務證券和其他獲准的資產。
user: Please translate the following sentence from English to Chinese: The Fund may invest up to 25% of its net assets in debt securities issued and/or guaranteed by a single sovereign issuer (including its government, public or local authority) with a credit rating below investment grade at the time of purchase (such as Brazil, Colombia, Egypt, Hungary, Indonesia, Italy, Mainland China, Malaysia, Mexico, Portugal, Russia, Spain and Ukraine).

assistant: 本基金可投資最高達其資產淨值的 25%於由單一主權發行機構（包括其政府、公共或地方機構）所發行及／或擔保、投資時信貸評級低於投資級別的債務證券（例如巴西、哥倫比亞、埃及、匈牙利、印尼、意大利、中國內地、馬來西亞、墨西哥、葡萄牙、俄羅斯、西班牙及烏克蘭）。
user: Please translate the following sentence from English to Chinese: Investors will be notified as soon as practicable after the Issue Date in the manner set out under “Notices and Payments” in the section headed “Summary of the Terms and Conditions of the Securities” on page 34 of this Issue Prospectus if the Strike Date is postponed to a date that falls after 28 February 2005.

assistant: 倘若定價日延至二零零五年二月二十八日後，則會按照本發行章程第34頁「證券的條款及條件概要」一節「通知及付款」所載的方式於發行日後儘快通知投資者。
user: Please translate the following sentence from English to Chinese: (x) Market Risk – Weak financial and credit conditions may have a negative impact on the equities market resulting in increased volatility.

assistant: (x) 市場風險－疲弱經濟及信貸狀況可能對股票市場造成負面影響，引致波動性增加。
user: Please translate the following sentence from English to Chinese: As a result, the capital that the Fund has available for investment in the future and capital growth may be reduced.

assistant: 因此，基金未來可用作投資的資本及資本增值或會減少。
user: Please translate the following sentence from English to Chinese: You should read the relevant issue prospectus as well as this programme prospectus before deciding whether to buy our notes.

assistant: 閣下在決定是否購買本公司債券前，務必先細閱有關發行章程及本計劃章程。
user: Please translate the following sentence from English to Chinese: DESCRIPTION OF THE SWAP AGREEMENT AND THE SWAP GUARANTEE The following description is a summary only of certain aspects of the Swap Agreement and the Swap Guarantee and is subject in all respects to the terms of the Swap Agreement and the Swap Guarantee.

assistant: 掉期協議及掉期擔保的概況 以下僅概述掉期協議及掉期擔保若干方面的概要，及在各方面均受掉期協議及掉期擔保的條款限制。
user: Please translate the following sentence from English to Chinese: Delivery Expenses – If the Stock Amount is determined on the Valuation Date to be deliverable to you on the Settlement Date, you will have to pay all costs, taxes, duties and/or expenses (including the prevailing buyers’ stamp duty, if applicable, subject to the prevailing laws and regulations) arising from the delivery of the Stock Amount.

assistant: 交付費用－倘於估值日釐定須於結算日向　閣下交付股票額，　閣下將須支付所有因交付股票額產生的成本、稅款、徵費及╱或開支（包括現行的買方印花稅（如適用，須受現行法律及法規所規限））。
user: Please translate the following sentence from English to Chinese: A Fund that enters into a reverse repo contract should ensure that it is able at any time to recall the full amount of cash or to terminate the reverse repo contract on either an accrued basis or a mark-to-market basis.

assistant: 訂立反向回購合約的基金應確保能夠隨時按應計基準或市值基準收回全額現金或終止反向回購合約。
user: Please translate the following sentence from English to Chinese: In the accounts of the borrower, the security is recorded as an asset under trading securities at the market price prevailing on the date the security was borrowed. A liability to the lender is recorded on the balance sheet under "Liabilities relating to stock-lending transactions".

assistant: 在借入證券公司的買賣證券項下將該證券計入爲一項資產，按借入證券日期之市價計算，並且在資產負債表「有關借股交易的負債」中列出欠借出證券公司的負債。
user: Please translate the following sentence from English to Chinese: Under exceptional circumstances, (e.g. market crash or major crisis), the sub-fund may be invested temporarily up to 80% in liquid assets such as money market instruments, bank deposits, certificate of deposit, commercial paper and treasury bills for cash flow management.

assistant: 在特殊情況下（例如出現市場衝擊或重大危機），子基金可爲現金流管理目的，將其最多 80%的資產短暫投資於高流動性資產，例如貨幣市場工具、銀行存款、存款證、商業票據及國庫券。
user: Please translate the following sentence from English to Chinese: a day (other than a Saturday or Sunday) on which banks in Hong Kong are open for normal business, provided that where as a result of a number 8 typhoon signal, black rainstorm warning or other similar event, the period during which banks in Hong Kong are open on any day is reduced, such day shall not be a Hong Kong Business Day unless the Manager and the Depositary determine otherwise or such other day or days as the Manager and the Depositary may determine;

assistant: 在香港的銀行開門正常營業的日子（星期六或星期日除外），惟因懸掛 8 號颱風訊號、黑色暴雨警告或其他類似事件而導致香港銀行在任何一日的營業時間縮短，則該日並非香港營業日，除非基金經理及保管人另有決定則作別論，或保管人及基金經理可能釐定的該等其他日子；
user: Please translate the following sentence from English to Chinese: Exceptional circumstances in which the ACD may consider that it is in the interests of Shareholders to suspend dealing in Shares include:

assistant: 授權公司董事可能認爲需要爲股東利益暫停買賣股份的例外情況包括：
user: Please translate the following sentence from English to Chinese: If the sovereign issuer of a security is in default or such a security performs badly, the Fund may potentially suffer substantial loss.

assistant: 倘若某證券的主權發行人違約或證券表現遜色，本基金可能蒙受重大損失。
user: Please translate the following sentence from English to Chinese: The Investment Adviser uses various selection criteria which will be afforded greater or lesser focus depending upon current economic conditions.

assistant: 投資顧問採用不同的挑選準則，會視乎當前經濟狀況而予以其較大或較小的重視。
user: Please translate the following sentence from English to Chinese: The entry into stock lending transactions or repo contracts for the account of a Trust is permitted for the generation of additional income for the benefit of a Trust, and hence for its unitholders.

assistant: 批准代表信託基金訂立借股交易或回購合約，以爲基金信託及其單位持有人的利益產生額外收入。
user: Please translate the following sentence from English to Chinese: During the year the Company invested USD 10m into BCS Hedge Fund, a newly created hedge fund.

assistant: 年內，本公司投資1千萬美元於一家新成立的對沖基金BCS Hedge Fund。
user: Please translate the following sentence from English to Chinese: Amounts relating to points (ii), (iii), (iv) and (v) are recognized in Other comprehensive income within Equity.

assistant: 與第 (ii)、(iii)、 (iv) 及 (v) 項有關金額於權益項下其他綜合收益內確認。
user: Please translate the following sentence from English to Chinese: KBC Bank is also a prominent player on the primary Eurobond.

assistant: 比利時聯合銀行亦是一手歐洲債券的主要參與者。
user: Please translate the following sentence from English to Chinese: Offer period extended, shortened or suspended

assistant: 發售期獲延長、縮短或暫停
user: Please translate the following sentence from English to Chinese: Under extreme market conditions (such as market crash or global financial crisis), the Manager may increase such amount to protect interests of the remaining Unitholders.

assistant: 在極端的市場情況下（例如市場下挫或全球金融危機），管理人可增加該金額以保障剩餘單位持有人的利益。
user: Please translate the following sentence from English to Chinese: There may be several valuation currencies for the same sub-fund, share category, or share class (so called “Multi-Currency” facility).

assistant: 同一子基金、股份種類或股份類別可有多種估值貨幣（所謂「多種貨幣」機制）。
user: Please translate the following sentence from English to Chinese: 1 The other reserves mainly comprise the share-based payment reserve account, purchase premium arising from transfer of business within the HSBC Group and other non-distributable reserves.

assistant: 1 其他儲備主要包括以股份爲基礎的支出儲備賬項、滙豐集團內部業務轉移所產生的購買溢價，以及其他不可分派儲備。
user: Please translate the following sentence from English to Chinese: The sub-fund may also have exposure to non-Asian currencies including OECD and Emerging Market currencies (up to 30% of its net assets).

assistant: 本附屬基金亦面臨包括經合組織及新興市場貨幣在內的非亞洲貨幣風險（最多佔其淨資產的 30%）。
user: Please translate the following sentence from English to Chinese: Shareholders in a Fund may also by ordinary resolution (to be proposed and passed by a majority consisting of 50% or more of the total number of votes cast for and against the resolution) approve any matter referred to in (vii) above.

assistant: 基金股東亦可以普通決議案方式（所提呈的特別決議案須由佔投票贊成或反對該決議案總票數的50%或以上大多數通過）批准上文(vii)所述的事宜。
user: Please translate the following sentence from English to Chinese: “Exchange” means, in respect of a Share, the stock exchange set out in Schedule 2 as the relevant Exchange of the relevant Share, or any successor exchange or substitute exchange to which trading in the relevant Share has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to such Share on such temporary exchange).

assistant: 「交易所」指就一股份而言，附表2所載的證券交易所，是有關股份的相關交易所，或有關股份交易臨時轉移往的任何後續交易所或替代交易所（惟計價代理釐定該等股份於該臨時交易所的流通量爲可資比較）。
user: Please translate the following sentence from English to Chinese: Investors of the Notes are, in effect, relying only on the creditworthiness of the Guarantor and no one else.

assistant: 票據投資者實際上只純粹倚賴擔保人之信譽。
user: Please translate the following sentence from English to Chinese: Collateral – criteria Collateral obtained in respect of OTC derivative transactions and efficient portfolio management techniques complies with the following criteria:

assistant: 抵押物—標準 場外衍生工具交易的抵押物及有效投資組合管理方法遵行下列標準：
user: Please translate the following sentence from English to Chinese: In the performance of their duties, Investment Managers may seek, at their own expense, advice from investment advisers.

assistant: 投資經理履行職務期間可尋求投資顧問的意見，費用由投資經理負責。
user: Please translate the following sentence from English to Chinese: Reverse repurchase agreements are subject to credit risks.

assistant: 反向回購協議承擔信貸風險。
user: Please translate the following sentence from English to Chinese: As from 16 November 2018, shareholders of the Receiving Fund may continue to redeem or switch out their shares in accordance with the provisions of the Current Explanatory Memorandum.

assistant: 由2018年11月16日起，接收基金的股東可根據現行基金說明書的條文繼續贖回或轉換其股份。
user: Please translate the following sentence from English to Chinese: The Fund’s investment in collateralised loan obligations is limited to 5% of total assets.

assistant: 基金在有抵押貸款債務的投資以總資產的5%爲限。
user: Please translate the following sentence from English to Chinese: Possibility of Additional Government or Market Regulation There have recently been certain well-publicized incidents of regulators unexpectedly announcing regulatory changes or interpretations that prohibited strategies that had been implemented in a variety of formats for many years.

assistant: 可能頒佈新增的政府或市場法規 近來監管機構出人意料公佈若干監管規定變動或詮釋，禁止多來年一直行之已久的多種形式的策略。
user: Please translate the following sentence from English to Chinese: As the Fund is index-unconstrained it is managed without reference to an index.

assistant: 由於本基金不受指數約束，故此不會參考指數來管理。