The full name of this fund is Harvest CSI Software Services Trading Open Index Securities Investment Fund Link Fund, which is referred to as Harvest CSI Software Services ETF Link A for short.
Fund code 0 126 19 (front-end) fund type index stock
Date of issue: 202 1, 18, date of establishment/scale: 202 1,10,214,292,000 copies.
The asset scale is RMB 003 million (as of 202 1, 1, 2 1), and the share scale is RMB 26.6 million (as of 202 1, 1).
Fund Manager harvest fund Fund Custodian China Bank
Tian Guangyuan, the fund manager, was established with a dividend of 0.00 yuan per share (0 times).
The management fee is 0.50% (per year) and the custody fee is 0. 10% (per year).
The sales service rate is 0.00% (per year), and the maximum subscription rate is 0.80% (front end).
The maximum subscription rate is 1.00% (front end)
The preferential rate of Tian Tian Fund: 0. 10% (front end), and the highest redemption rate 1.50% (front end).
Performance benchmark CSI software service index yield *95%+ bank deposit interest rate (after tax) *5% tracking target CSI software service index.
Fund management fees and custody fees are directly deducted from fund products. Please refer to the prospectus for the specific calculation method and rate structure.
investment objective
By mainly investing in the target ETF, closely tracking the target index, pursuing the minimization of tracking deviation and tracking error, we strive to ensure that the absolute value of daily tracking deviation does not exceed 0.35% and the annualized tracking error does not exceed 4%.
Investment scope
The Fund mainly invests in target ETF fund shares, target index constituent stocks and alternative constituent stocks. In addition, in order to better achieve the investment objectives, the Fund can invest a small amount in some non-constituent stocks (including GEM and other stocks issued and listed with the permission of China Securities Regulatory Commission) and derivatives (stock index futures, stock options, etc.). ), and bond assets (treasury bonds, local government bonds, financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible bonds, convertible bonds traded separately, central bank bills, medium-term bills, short-term financing bills, ultra-short-term financing bills, etc. The Fund can participate in financing business and refinancing and securities lending business according to relevant laws and regulations and fund contracts. If the future laws, regulations or regulatory agencies allow the Fund to invest in other varieties, the fund manager can include them in the investment scope after performing appropriate procedures.
investment strategy
Asset allocation strategy The Fund is the linked fund of the target ETF. The close tracking of the target index is mainly achieved through the investment target ETF. If the tracking deviation exceeds the stated scope of the investment target due to the adjustment of the compilation rules of the target index or other factors, the fund manager shall take reasonable measures to avoid further expansion of the tracking deviation. In the process of investment operation, the Fund will decide to buy and sell the target ETF by applying for redemption in the primary securities market or trading in the secondary securities market on the basis of comprehensive consideration of compliance, risk, efficiency and cost. The Fund will also moderately participate in the portfolio arbitrage of target ETF fund share trading and subscription and redemption to enhance the fund's income. During the operation of the Fund, when the index constituent stocks face the risk of delisting or default due to obvious negative events, and the index compiling institution has not yet made adjustments, the fund manager shall, in accordance with the principle of giving priority to the interests of the holders, make timely adjustments to the bonds of the relevant constituent stocks after performing internal decision-making procedures. Stock investment strategy The Fund will formulate and timely adjust the allocation ratio and investment strategy of domestic A-shares within the investment ratio agreed in the fund contract according to the four indicators of policy factors, macro factors, valuation factors and market factors. Derivatives investment strategy In order to better achieve the investment objectives, the Fund can invest in derivative financial products such as stock index futures and stock options. According to the principle of risk management, the Fund will mainly choose derivatives contracts with good liquidity and active trading. In order to better achieve the investment objectives, the Fund can participate in the margin financing and securities lending business according to the needs of investment management under the premise of strengthening risk prevention and observing the principle of prudence. The Fund will analyze market conditions, types and structures of investors, historical redemption data of the Fund, liquidity of lent securities and other factors to reasonably determine the scope, duration and proportion of lent securities. If the laws and regulations related to margin financing and securities lending business change, the Fund will follow its latest regulations. With the development and enrichment of investment tools in the securities market, fund managers can adjust or update their investment strategies according to the relevant provisions of laws and regulations without changing their investment objectives, and make an announcement.
Dividend distribution policy
1. On the premise of meeting the dividend conditions of relevant funds, the Fund can distribute income, and the maximum number of income distribution of the Fund is 12 times a year. The income distribution ratio of each fund share shall not be less than 20% of the distributable profit of each fund share on the base date of income distribution. If the fund contract takes effect less than 3 months, no income distribution may be made;
2. There are two ways to distribute fund income: cash dividend and dividend reinvestment. Investors can choose cash dividends or automatically convert cash dividends into corresponding fund shares for reinvestment according to the net value of such fund shares on the ex-dividend date; If investors do not choose, the default income distribution method of the Fund is cash dividend;
3. Due to the different fund fees, different types of fund shares may have different income distribution amounts, and fund managers can make income distribution plans for each type of fund shares. Each fund share of the same fund category enjoys the same distribution right;
4. Where laws, regulations or regulatory authorities provide otherwise, such provisions shall prevail. On the premise of not having a substantial adverse impact on the interests of fund share holders, the fund manager can adjust the principle of fund income distribution and payment method, and there is no need to convene a general meeting of fund share holders.
Risk return characteristics
The fund is the linked fund of Harvest CSI Software Service ETF, which closely tracks the underlying index by investing in Harvest CSI Software Service ETF. Therefore, the performance of the Fund is closely related to the performance of CSI Software Service Index and Harvest CSI Software Service ETF. The long-term average risk and expected return of funds are higher than those of hybrid funds, bond funds and money market funds.