|
Product overview:
Fund name
|
Harvest Growth Open ended Securities Investment Fund |
Issue Date
|
June 2, 2003 to July 2, 2003 |
date of establishment
|
July 9, 2003 |
Fund type
|
Contractual and open |
Fund code
|
070002 |
Unit face value
|
RMB 1.00 |
Fund initiator
|
Harvest Fund Management Co., Ltd |
Fund manager
|
Harvest Fund Management Co., Ltd |
| Fund Custodian |
Bank of China |
| Net value disclosure code of Shenzhen Stock Exchange |
one hundred and sixty thousand seven hundred and two |
| -Historical dividend- |
| ·2004: 0.60 yuan (tax included) for every 10 fund units |
| ·2004: 0.30 yuan (tax included) for every 10 fund units |
| ·2003: RMB 0.11 (tax included) for every 10 fund units |
Investment objectives:
Invest in SMEs listed companies with high growth potential to obtain opportunities for future capital appreciation and seek fund The medium and long term stable appreciation of assets, while improving the liquidity of fund assets through diversified investment.
Investment philosophy:
Invest in small and medium-sized enterprises with growth potential and share the achievements of the rapid growth stage of small and medium-sized enterprises.
Investment scope:
The subject matter of the Fund's investment is a financial instrument with good liquidity, including the stocks of listed companies of medium and small market value that are publicly issued and listed in China according to law bond And other financial instruments permitted by laws and regulations to be invested by the Fund. Among them, the focus of investment is to find medium and small market capitalization listed companies with high-speed growth potential among the listed companies whose circulation market value accounts for the bottom 50% of the market. The proportion of fund stocks invested in medium and small market capitalization listed companies is not less than 80%.
Investment strategy Investment strategy and portfolio proportion:
On the basis of comprehensively evaluating the systematic risk of the current stage of the securities market, predicting the medium and long-term expected return rate of the securities market and formulating the allocation ratio of major categories of assets, the Fund focuses on investing in the shares issued by growth oriented listed companies with good growth potential in expected profits or revenues, and selects the stocks with growth potential from the analysis of the company's fundamentals. Under normal market conditions, the floating range of stock investment proportion is 40-75%; The floating range of bond investment ratio is 20-55%, and the cash retention ratio is about 5%.
Portfolio construction and adjustment:
Fund risk return characteristics:
The investment objectives and investment philosophy of the Fund determine that the Fund is a medium and high risk securities investment fund. The long-term systematic risk control objective of the Fund is to keep the beta value of the net asset value of unit fund in the biennium relative to the fund performance benchmark between 0.5 and 0.8.
Risk management tools:
Harvest risk management and performance evaluation system. The system can complete multiple risk management functions such as market risk management, stress testing, multi factor risk analysis, liquidity risk control, etc.
Performance comparison criteria:
Spring tide 500 (small cap) index.
Rate structure:
| |
grade |
Harvest Growth Fund |
| Subscription fee |
Less than 1 million yuan |
1% |
| 1 million yuan (inclusive)~5 million yuan |
0.8% |
| More than 5 million yuan |
Not more than 0.6% |
| Subscription fee |
Less than 1 million yuan |
1.5% |
| 1 million yuan (inclusive)~5 million yuan |
1.2% |
| More than 5 million yuan |
1% |
| Redemption fee |
Within 1 year |
0.5% |
| Within 1 year (inclusive) to 2 years |
0.25% |
| More than 2 years |
zero |
Conversion fee |
Within 3 months of the previous subscription/conversion |
0.5% |
| 3 months after the previous subscription/conversion |
No conversion fee |
Portfolio:
Asset portfolio release date: June 30, 2004
| Asset classification |
Market value (yuan) |
Proportion (%) |
Report date |
| shares |
eight hundred and twenty-eight million two hundred and sixty-eight thousand three hundred and twenty-eight point seven five |
zero |
2004-06-30 |
| National debt and cash |
zero |
zero |
2004-06-30 |
| Convertible bonds |
zero |
zero |
2004-06-30 |
| other assets |
zero |
zero |
2004-06-30 |
Industry portfolio release date: June 30, 2004
| Rank |
Industry classification |
Market value (yuan) |
Proportion (%) |
| one |
manufacturing industry |
five hundred and thirty-three million one hundred and one thousand two hundred and ninety-five point four eight |
forty-four point one four |
| two |
Transportation and warehousing |
one hundred and seventy-two million six hundred and forty-five thousand five hundred and ninety-seven point six three |
fourteen point two nine |
| three |
Pharmaceutical and biological products |
one hundred and fifty-nine million seven hundred and forty-three thousand three hundred and one point two eight |
thirteen point two three |
| four |
Metal, nonmetal |
ninety-seven million six hundred and fifty-four thousand four hundred and nine point nine one |
eight point zero eight |
| five |
Petroleum, chemical, plastic, plastic |
sixty-nine million nine hundred and seventeen thousand and eighty-seven point zero eight |
five point seven nine |
| six |
Machinery, equipment and instruments |
sixty-two million nine hundred and nine thousand two hundred and three point five three |
five point two one |
| seven |
Textile, clothing, fur |
fifty-six million five hundred and two thousand five hundred and eighty point eight five |
four point six eight |
| eight |
Food and beverage |
forty-three million seven hundred and forty-nine thousand one hundred and nine point two eight |
three point six two |
| nine |
Electronics |
thirty-eight million eight hundred and sixteen thousand and forty-four point five seven |
three point two one |
| ten |
Production and supply of electricity, gas and water |
thirty-four million three hundred and eighty-four thousand six hundred and four point seven seven |
two point eight five |
| eleven |
Extractive industry |
thirty million five hundred and sixty-two thousand two hundred and seventy-eight point four six |
two point five three |
| twelve |
Wholesale and retail trade |
twenty-seven million eight hundred and fifty-one thousand three hundred and ten point eight seven |
two point three zero |
| thirteen |
Information technology industry |
fourteen million seven hundred and sixty-six thousand nine hundred and seventy-one point six four |
one point two two |
| fourteen |
Social service industry |
six million three hundred and sixty-nine thousand four hundred and thirteen point five six |
zero point five three |
| fifteen |
construction business |
four million nine hundred and twenty-seven thousand and sixteen point six |
zero point four one |
| sixteen |
Paper making and printing |
three million eight hundred and nine thousand five hundred and fifty-eight point nine eight |
zero point three two |
| seventeen |
Comprehensive |
two million four hundred and twenty-three thousand seven hundred and ninety-four point nine four |
zero point two zero |
| eighteen |
Finance and insurance |
one million two hundred and thirty-six thousand and forty-four point eight |
zero point one zero |
Stock portfolio release date: June 30, 2004
| Rank |
Stock code |
Market value (yuan) |
Proportion (%) |
| one |
Haizheng Pharmaceutical |
seventy-two million five hundred and nineteen thousand eight hundred and one point one two |
six |
| two |
Shenchi Bay A |
seventy-one million eighty-four thousand and forty-eight point two zero |
five point eight nine |
| three |
Lutai A |
fifty-six million four hundred and forty-nine thousand six hundred and twenty point eight five |
four point six seven |
| four |
Yunnan Baiyao |
forty-five million eight hundred and sixty-eight thousand one hundred and thirty point four zero |
three point eight zero |
| five |
Huahai Pharmaceutical |
thirty-nine million eight hundred and two thousand two hundred and nine point seven six |
three point three zero |
| six |
Changyu A |
thirty-three million two hundred and thirty-two thousand seven hundred and twenty-one point seven six |
two point seven five |
| seven |
BOE A |
twenty-eight million seven hundred and eighty thousand three hundred and twenty-six point nine zero |
two point three eight |
| eight |
Shandong Medicinal Glass |
twenty-six million nine hundred and eighty-one thousand seven hundred and eighty-seven point zero nine |
two point two three |
| nine |
Shanghai Airport |
twenty-five million seven hundred and seven thousand six hundred and fifty-five point five zero |
two point one three |
| ten |
Oil Jichai |
twenty-two million sixty-six thousand two hundred and forty-three point two five |
one point eight three |
| 
