1. Fund investment and net performance, investment objectives and investment strategy Investment objectives The Fund invests in selected financial instruments such as stocks and bonds, and assists in investing in financial derivatives. Through asset allocation, we will strictly control the risks of the fund and strive to realize the long-term appreciation of the fund. Investment scope: The investment scope of the Fund includes domestic stocks issued and listed in accordance with the law, including the main board, Growth Enterprise Market and other stocks listed with the permission of China Securities Regulatory Commission, depositary receipts, stocks linked to Hong Kong stocks, bonds including government bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra-short-term financing bonds, subordinated bonds, government-supported institutional bonds, local government bonds and convertible bonds including. Exchangeable bonds and other bonds, asset-backed securities, bond repurchase, bank deposits (including agreement deposits, time deposits and other bank deposits allowed by China Securities Regulatory Commission), money market instruments, interbank deposit certificates, stock index futures, treasury bonds futures and other financial instruments allowed by laws and regulations or China Securities Regulatory Commission to invest in the fund, provided that the relevant provisions of China Securities Regulatory Commission are met. The Fund can participate in financing business according to relevant laws and regulations.
2. 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. The proportion of the fund's investment in stock assets does not exceed 40% of the fund's assets, and the proportion of stocks invested in Hong Kong stocks does not exceed 50%. The proportion of the fund's investment in interbank certificates of deposit shall not exceed 20% of the fund's assets. At the end of each trading day, after deducting the required margin for stock index futures contracts and treasury bonds futures contracts, the total proportion of cash or government bonds with maturity within one year held by the Fund shall not be less than 5% of the fund's net asset value. The cash referred to in this fund does not include settlement reserve, deposit and subscription receivable. Where laws and regulations or the China Securities Regulatory Commission change the restrictions on the investment ratio of investment products, the fund manager may adjust the investment ratio of the above-mentioned investment products after performing appropriate procedures.
3. Major investment strategies Asset allocation strategies The Fund will give full play to the research advantages of fund managers and adopt a "top-down" approach to asset allocation. Through the evaluation and analysis of macroeconomic trend, market environment, fiscal policy, monetary policy and industry cycle stage, we can judge the domestic economic development situation, determine or adjust the allocation ratio of various assets in the portfolio under the premise of strictly controlling portfolio risks, and realize the long-term, sustained and stable appreciation of the fund. Bond market investment strategy The Fund predicts the changes of risk and yield of various assets by analyzing the credit risk, liquidity risk, profitability and risk-adjusted yield level of various bond assets, and dynamically adjusts the types of bonds allocated and the allocation ratio. Stock investment strategy The Fund adopts a "bottom-up" investment research method. Through in-depth research on listed companies, it selects the targets with investment value and constructs a stock portfolio. The internalization of macroeconomic and industrial research, as an important part of company research, makes an objective value judgment in combination with company management research. Investment strategy of depositary receipts. Leverage strategy. Investment strategy of stock index futures. Treasury bond futures investment strategy, asset-backed securities investment strategy, financing business investment strategy.
4. Performance benchmark: China Bond Comprehensive Wealth Index yield ×75%+ CSI 300 Index yield ×20%+ CSI Hong Kong Stock Connect Composite Index yield ×5%. Risk-return characteristics The Fund is a hybrid fund, and its expected return and expected risk level are higher than those of bond funds and money market funds, but lower than those of equity funds. If the Fund invests in Hong Kong-listed stocks, it shall bear the unique risks brought by the differences in investment environment, investment targets, market system and trading rules under the mechanism of Hong Kong-listed stocks.
5. The expenses involved in investing in the Fund and the expenses related to fund sales are collected in the subscription/subscription/redemption process of the Fund: fee type share (s) or amount (M)/ holding period (n) charging method/rate subscription fee m <100000.80%, and m ≥100065438. Subscription fee (prepaid fee) m < 1.80% is 0,000,000 yuan, and m ≥10,000,000 yuan/transaction. The Fund does not charge redemption fees. However, after two years of each fund share, the fund share holders can apply for redemption of the corresponding fund share. Note: For each fund share, the lock-up period of the fund is 2 years, and it can only be redeemed after 2 years, and no redemption fee is charged at the time of redemption.