Vote on December 18, Expected 1-for-8 Split
Fubon SITE announced on October 22, 2026, that the Fubon Taiwan 50 Fund 006208 will hold a unitholders' meeting in writing on December 18 to vote on a split proposal. If approved, it will follow 0050 and 0052 to complete a split. The split ratio will be determined by the NAV on the meeting day, taking the largest integer multiple that keeps the post-split NAV at no less than the 30 issue price, currently estimated at 1-for-8.
Based on the October 22 NAV of 243.76, it is close to the 240 lower bound for a 1-for-8 split. If the November ex-dividend or a market pullback pushes the NAV below 240 before the meeting, it will change to 1-for-7; if it rises above 270, it could be 1-for-9. November 18 is the last transfer date, and with T+2 settlement, investors must buy by November 16 at the latest to vote. Notices will be mailed from November 26, and the e-voting period is November 27 to December 15 via the TDCC ePassbook or securities firm Apps. The proposal requires attendance representing more than half of beneficiary units and approval by more than half of attending voting rights, and can only be executed after FSC approval. If not approved, trading will remain as is, with unitholders' rights unaffected.
4.75 Dividend Hits Record High, Total Amount Unchanged
006208 pays dividends semi-annually, with ex-dividends in July and November each year. On July 16, 2026, the ex-dividend was 4.75 per share, a record high since listing, all from capital gains rather than constituent dividends. The November dividend amount and ex-dividend date are subject to Fubon SITE's announcement, and investors should note the ex-dividend will lower the NAV by the same amount, which may affect the final split ratio.
After the split, the per-share dividend will shrink proportionally to the ratio, but units held will increase proportionally, leaving total dividends received unchanged. Taking 1-for-8 as an example, 1 board lot will become 8 board lots, with per-unit dividend at 1/8th, and comparisons must be converted to the same basis. Post-split price and NAV will also fall proportionally, with total market value held unchanged, and the board-lot threshold expected to fall from over 200,000 to around 30,000.
Differences from 0050, Fees and Constituents
006208 and 0050 both track the Taiwan 50 Index with the same constituents, mainly using full replication, investing no less than 90% of net assets in constituents, with quarterly reviews on the second Friday of March, June, September and December. The main differences are in internal fees, price, ex-dividend months and split progress. Management and custody fees use a tiered scale by size with the same rules for both, and the split itself does not change fee rates. 0050 has about 2.5 trillion in scale and applies a lower tier; based on a 1,000,000 investment, annual management fees are about 1410 for 006208 and about 950 for 0050, a difference of about 460. The 006208 management fee ranges from 0.05% to 0.15%, about 0.11% based on the October 22 scale, with custody fees from 0.025% to 0.03%. 0050 completed a 1-for-4 split in June 2025, with price around 107; 006208 is priced around 245. For dividend months, 0050 is in January and July, while 006208 is in July and November. The advantage of 006208 is participation in the top 50 companies in one fund, while the drawback is TSMC weighting over 50%, concentrated in semiconductors, suitable for long-term dollar-cost averaging in the broad market.