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Lianbo Zhixuan Hybrid Securities Investment Fund (Class A shares) Fund Product Information Summary
Prepared on: March 4, 2024
Date of delivery: March 5, 2024
This summary provides important information about the Fund and is part of the Prospectus.
Please read the complete prospectus and other sales documents before making an investment decision.
1、 Product Overview
Fund Abbreviation: Lianbo Zhixuan Hybrid Fund Code: 020842
Subordinate fund abbreviation Lianbo Zhixuan Hybrid A Subordinate fund code 020842
Fund Manager Lianbo Fund Management Co., Ltd. Fund Custodian Bank of Communications Co., Ltd
Effective date of fund contract-
Fund type Mixed (partial) transaction currency RMB
Operation mode: ordinary, open, open, frequency: every open day
-Started as the Fund Manager of the Fund
Date of management Fund manager Zhu Liang
Securities practice date: November 15, 2003
After other Fund Contracts come into force, there are less than 200 fund share holders or
If the net asset value of the fund is less than 50 million yuan, the fund manager shall terminate the fund contract
The provisions of the Gold Contract shall enter into the liquidation procedure and be terminated without convening a general meeting of fund share holders.
Note: The Fund is a partial equity hybrid fund.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Please read Chapter 9 of the Prospectus for details.
Investment objective The Fund mainly adopts the bottom-up stock selection method. Combining fundamental research and quantitative analysis, the investment value of
Municipal companies, and strive to achieve long-term stable appreciation of fund assets under the premise of strict risk control.
Investment Scope The investment scope of the Fund is financial instruments with good liquidity, including shares issued and listed in accordance with the law in China (including
Main board, GEM and other stocks and depositary receipts approved or registered for listing by the CSRC, bonds (including
Bonds, financial bonds, corporate bonds, corporate bonds, publicly issued subordinated bonds, convertible bonds (including convertible bonds with separate transactions)
Exchangeable bonds, central bank notes, medium-term notes, short-term financing bonds, ultra short-term financing bonds, government supported institutional bonds, government bonds
Government backed bonds, local government bonds and other laws and regulations, bonds allowed to invest by the CSRC), financial derivatives
(stock index futures, treasury bond futures, stock options, credit derivatives, etc.), asset-backed securities, bond repurchase, bank deposits
Funds (including contractual deposits, time deposits and other bank deposits), inter-bank deposit receipts and money market instruments, as well as laws and regulations
Or other financial instruments that the CSRC allows the Fund to invest in (subject to the relevant provisions of the CSRC).
The Fund may participate in financing business in accordance with laws and regulations.
The proportion of the Fund's investment portfolio: the proportion of the Fund's stock assets (including depositary receipts) in the Fund's assets is 60%-
95%； At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures contracts and treasury bond futures contracts
Keep cash or government bonds with maturity within one year not less than 5% of the net asset value of the fund, including cash
Settlement provisions, deposits, subscription receivables, etc.
Main investment 1. Stock investment strategy
Strategy The Fund takes value investment as its core concept, its main investment value is underestimated, and it has high quality of positive catalyst
Enterprise. Fund managers select long-term profitability through in-depth fundamental research and quantitative analysis of listed companies
Undervalued companies, and identify whether there is a positive catalyst for such companies to revalue their value in the market, select and issue
Invest in high-quality listed companies with investment value.
2. Bond investment strategy
3. Financial derivatives investment strategy
4. Investment strategy of depositary receipts
5. Asset backed securities investment strategy
6. Investment strategy of participating in financing business
Performance comparison: CSI 800 index yield × 90%+RMB demand deposit benchmark interest rate of financial institutions (after tax) × 10%
benchmark
Risk income The Fund is a hybrid fund, and its expected income and expected risk level are higher than those of bond funds and money market funds
It is characterized by stock funds.
（2） Portfolio Asset Allocation Chart/Regional Allocation Chart
Note: None
（3） Annual net value growth rate of the fund since the effectiveness of the fund contract/in the last ten years (whichever is shorter) and comparison with the performance of the same period
Comparison chart of benchmark
Note: None
3、 Expenses involved in investing in the Fund
（1） Fund sales related expenses
The following fees are charged in the process of subscribing/subscribing/redeeming funds:
Lianbo Smart Selection Hybrid A
Expense Type Amount (M)/Holding Period (N) Charging Method/Rate Charging Method/Rate (Note)
(non pension customers, pension customers)
Household)
M ＜ 1 million yuan 1.20% 0.12%
Subscription fee of 1 million yuan ≤ M ＜ 5 million yuan 0.80% 0.08%
M ≥ 5 million yuan 1000 yuan/transaction 1000 yuan/transaction
M ＜ 1 million yuan 1.50% 0.15%
Subscription fee (collected before)
1 million yuan ≤ M ＜ 5 million yuan 1.00% 0.10%
Fees)
M ≥ 5 million yuan 1000 yuan/transaction 1000 yuan/transaction
N ＜ 7 days 1.50% 100% classified as basis
Gold property
7 days ≤ N ＜ 30 days 1.00% 100% included in the basis
Gold property
30 days ≤ N ＜ 3 months 0.75% 100% included redemption fee
Gold property
3 months ≤ N ＜ 12 months 0.50% 100% included in the base
Gold property
N ≥ 12 months 0%
Note: 3 months refer to 90 days, 6 months refer to 180 days, and 12 months refer to 365 days. The above pension customers with differentiated rates refer to those who
Pension customers who subscribe or subscribe for Class A fund shares in the direct marketing center of the fund manager.
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate
Management fee 1.20%
Custody fee 0.20%
Sales service fee-
Other fees: accountant fees, attorney fees, etc. See "Fund fees" in the prospectus for details
And taxes.
Note: The expenses and taxes incurred by the Fund in trading securities and funds shall be deducted from the Fund assets according to the actual amount incurred.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal.
The investment is risky, and investors should carefully read the Prospectus and other sales documents of the Fund when purchasing the Fund.
The possible risks of investing in the Fund include: market risk, liquidity risk, unique risk, management risk, compliance risk
Operational or technical risk, counterparty risk, value-added tax during the investment and operation of the Fund's assets, and risk return characteristics of the Fund's legal documents
State the risks and other risks that may be inconsistent with the fund risk assessment of the sales agency.
The Fund's unique risks are as follows:
(1) Asset allocation risk: The Fund is a hybrid fund, and the proportion of the Fund's stock assets in the Fund's assets is 60% - 95%. If
When the stock market falls as a whole, the net value performance of the Fund will be affected, and investors will not be able to obtain returns or even may have a large
Risk of loss.
(2) Investment risk of stock index futures: The Fund can invest in stock index futures, which may face market risk. market risk
It refers to the risk of changes in the value of futures contracts held due to price fluctuations in the futures market. The stock index futures adopt the margin trading system
Margin trading is leveraged. In case of adverse market conditions, small changes in stock index may cause greater losses to investors' equity
Losses. The daily debt free settlement system is adopted for stock index futures. If the margin is not replenished within the specified time, it will be forced to level as required
Warehouse, which may cause significant losses to the investment.
(3) Treasury bond futures investment risk: The Fund can invest in treasury bond futures, and the investment in treasury bond futures may face market risk, basis risk
Liquidity risk, counterparty risk, etc.
(4) Stock option investment risk: the Fund can invest in stock options, and the risks of stock options mainly include market risk, exercise risk
Liquidity risk, time value risk, etc. These risks may bring certain negative impact and loss to the net value of the fund.
(5) Credit derivatives investment risk: the Fund may invest in credit derivatives, and the investment in credit derivatives may face liquidity risk
Insurance, repayment risk and price fluctuation risk.
(6) Investment risk of depositary receipts: The Fund may invest in depositary receipts, except for the macroeconomic risks and political risks that ordinary stock investment may face
In addition to policy risk, market risk and liquidity risk, investment in depositary receipts may also face the following risks: 1) holders and holders of depositary receipts
Risks that may be caused by differences in legal status and rights enjoyed by shareholders of underlying stocks. 2) The issuer adopts the protocol control framework
Risk. 3) The additional issuance of underlying securities may lead to the risk of dilution of the rights and interests of holders of depositary receipts. 4) Risks related to trading mechanism. 5) Deposit
Delisting risk of depositary receipts. 6) Exchange rate risk. 7) Other risks.
(7) Investment risk of new shares: the Fund can participate in the subscription of shares, because of the factors affecting the issuance of new shares, such as stock issuance policies and mechanisms
The change of capital will affect the asset allocation of the Fund, thus affecting the risk return level of the Fund. In addition, the allocation proportion of the issued shares
The Fund may also face more uncertainties due to the uncertainty of the winning lot rate or other sales methods.
(8) Investment risk of restricted liquidity securities: The Fund may invest in restricted liquidity securities. Due to the limited circulation securities have a certain lock up period
Limited. During this period, it is impossible to transfer and realize, which may have a certain negative impact on the liquidity of the fund; Uncontrollable factors in the securities market
The risk of loss may occur after the negotiable restricted securities are available.
(9) Investment risk of asset-backed securities: the Fund can invest in asset-backed securities, which are still in the early stage of development in the domestic market
It has the characteristics of low liquidity, high returns and certain investment risks.
(10) Risks related to participation in financing business: the Fund may participate in financing business and financing transactions in accordance with laws and regulations
Insurance mainly includes liquidity risk, credit risk, etc. These risks may bring certain negative impact and loss to the net value of the fund.
(11) Investment risk of science and technology innovation board stock: the Fund's investment scope includes science and technology innovation board. If it invests, it will face the risk of
Unique risks, including but not limited to: 1) market risk. 2) The risk of substantial fluctuations in stock prices. 3) Liquidity risk. 4) Delisting risk. 5）
Systematic risk. 6) Concentration risk. 7) Risk of changes in policies and regulatory rules.
(12) Investment risk of listed stocks in Beijing Stock Exchange: Beijing Stock Exchange mainly serves innovative small and medium-sized enterprises
The rules of listing, trading, delisting and other aspects are different from those of other trading venues. If the Fund invests, it must bear the special characteristics related to them
Risk. Including: 1) Operation risk of small and medium-sized enterprises. 2) Risk of stock price fluctuation. 3) Liquidity risk. 4) Concentration risk. 5) Rotating plate wind
Insurance. 6) Delisting risk. 7) Possible risks due to the existence of voting rights difference arrangements. 8) Risk of changes in regulatory rules.
(13) Risk of automatic termination of the Fund Contract
After the Fund Contract takes effect, the number of fund share holders is less than 200 or the net asset value of the fund is lower than 50 consecutive working days
In the case of 50 million yuan, the Fund Manager shall terminate the Fund Contract, and the Fund shall enter into liquidation procedures in accordance with the provisions of the Fund Contract and
In case of termination, there is no need to convene a general meeting of fund share holders. Therefore, investors may face the risk of automatic termination of the Fund Contract.
(14) Risks of securities brokers' transaction settlement mode
The Fund adopts the transaction settlement mode of securities brokers, that is, the Fund will conduct on the market transactions through the securities operating institutions selected by the Fund Manager
Transaction and settlement, this transaction settlement mode may have operational risk, risk of reduced capital use efficiency, transaction settlement risk, investment
Information security and confidentiality risk, failure to complete the valuation of the day and other risks.
(15) Risk of compulsory redemption and other corresponding measures
Due to compliance requirements related to anti money laundering, tax related information due diligence and information submission of non resident financial accounts, the Fund manages
I have the right to regulate the qualification of investors who can purchase the Fund from time to time. If I have held the Fund units of the Fund but no longer meet the requirements of this
If the investor qualification requirements of the fund or other conditions agreed in the fund contract or circumstances agreed in the fund contract occur, the fund manager has the right to
The fund contract stipulates that the corresponding fund units shall be compulsorily redeemed or other corresponding control measures shall be taken. Therefore, fund investors or fund shares
Amount holders may be forced to redeem their fund units, refuse to subscribe/subscribe for additional funds in accordance with the fund contract, or violate laws and regulations
Bear corresponding legal liabilities and other risks.
（2） Important tips
The registration of the Fund raised by the CSRC does not indicate that it makes substantive judgments or guarantees on the value and income of the Fund
It does not mean that there is no risk in investing in the Fund.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, good faith, prudence and diligence, but does not guarantee that the Fund will
Profitability is not guaranteed.
When a fund investor acquires fund units in accordance with the fund contract, he or she becomes the holder of fund units and the party to the fund contract.
The parties agree that all disputes arising from or in connection with the Fund Contract, if not
If it can be settled, it shall be submitted to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules in effect at that time. Place of arbitration
The arbitration award is final and binding on all parties. Unless otherwise specified in the arbitration award, the arbitration fee and reasonable
The attorney fee shall be borne by the losing party.
If the summary information of the fund product information changes significantly, the fund manager will update it within three working days, and other information changes
The fund manager shall update it once a year. Therefore, the contents of this document may lag behind the actual situation of the Fund
Timely and accurately obtain the relevant information of the fund. Please also pay attention to the relevant temporary announcements issued by the fund manager.
The Fund Manager is fully aware of the importance of personal information to investors and is committed to the protection of investors' personal information. The Fund Manager undertakes to
Deal with the personal information of investors according to laws, regulations and relevant regulatory requirements, including through the fund manager's direct marketing, sales institutions or market
All individual investors who purchase the fund products of Lianbo Fund Management Co., Ltd. by domestic brokerage institutions. Institutional investment to be handled by the fund manager
The investor's information may involve personal information such as its legal representative, senior management, beneficial owner and operator, and will also comply with the above
Promise to deal with it.
For details, please pay attention to the relevant contents of Part VII "Parties to the Fund Contract, Rights and Obligations" of the Fund Contract and the official website of the Fund Manager
(www.alliancebernstein. com. cn) Personal information processing policies disclosed from time to time.
The Fund Manager has the right to regulate the qualification of investors who can purchase the Fund from time to time. For details, please pay attention to the "Management of Lianbo Fund"
Limited Company Open ended Fund (Registration) Business Rules, relevant rules disclosed by the fund manager on the company's website, and the term of the fund manager
Relevant announcements issued at.
The fund investor knows and accepts that the fund manager is necessary for the conclusion and performance of the fund contract, for the provision of products or services, or for
Fulfill the obligations or responsibilities of national laws and regulations and relevant provisions of industry competent authorities (including but not limited to anti money laundering customer due diligence, non residents
Due diligence on tax related information of financial accounts), on the premise of abiding by laws and regulations and when necessary
Not limited to third-party service agencies such as accounting firms, law firms and share registration agencies). If you are satisfied with the safety
Please contact the fund manager or fund sales agency first if you have any objection or need more information before making a decision to purchase the Fund. Fund investment
The investor submits the subscription/subscription application of the Fund in accordance with the provisions of the Fund Contract and the Prospectus, which means that the fund investor is willing to accept
Subject to the above arrangements.
5、 Other data query methods
See the website of the Fund Manager for the following information: www.alliancebernstein.com.cn
Customer service telephone: 400-001-1300
1. Lianbo Intelligent Selection Hybrid Securities Investment Fund Fund Contract, Lianbo Intelligent Selection Hybrid Securities Investment Fund Custody Agreement, Lianbo
Prospectus of Smart Choice Hybrid Securities Investment Fund
2. Regular reports, including quarterly, interim and annual reports of the Fund
3. Net value of fund units
4. Fund sales agency and contact information
5. Other important information
6、 Other information
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