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Product Profile of Wells Fargo Small and Medium Sized Selected Hybrid Securities Investment Fund (Class A Shares)
To update
June 13, 2024 (as of June 12, 2024)
This summary provides important information about the Fund and is part of the Prospectus. Please read it before making an investment decision
The whole prospectus and other sales documents.
1、 Product Overview
Fund Abbreviation Fuguo Small and Medium Sized Selected Hybrid Fund Code 000940
Share Abbreviation Wells Fargo Small and Medium Sized Selected Mixed A/B Share Code 000940
Fund Manager Fuguo Fund Management Co., Ltd. Fund Custodian China Construction Bank Co., Ltd
Effective date of fund contract January 23, 2015 Mixed fund type
Operation mode: ordinary, open, open, frequency: every open day
Transaction currency: RMB
Fund Manager Cao Jin Date of appointment: January 23, 2015
Securities practice date: May 4, 2009
Note: The Fund will increase Class C fund shares from June 14, 2022.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Investment Objective The Fund pursues long-term appreciation of fund assets by investing in small and medium-sized stocks with high growth in the stock market.
Scope of Investment The investment scope of the Fund includes financial instruments with good liquidity, including stocks issued and listed in China according to law (including small and medium-sized board, GEM and other stocks approved by the CSRC to be listed), depositary receipts Fixed income assets (government bonds, financial bonds, corporate bonds, corporate bonds, subordinated bonds, SME private placement bonds, convertible bonds, segregated trading convertible bonds, central bank bills, medium-term notes, short-term financing bonds (including ultra short-term financing bonds), asset-backed securities, bond repurchase, bank deposits, etc.), derivatives (warrants, stock index futures, etc.) And other financial instruments approved by the CSRC to allow the fund to invest (subject to the relevant provisions of the CSRC). Investment in stocks and depositary receipts accounts for 60% - 95% of fund assets, of which investment in small and medium-sized stocks and depositary receipts is not less than 80% of non cash fund assets.
Main investment strategy The Fund mainly invests in small and medium-sized stocks with high growth in the stock market. The Fund adopts a "top-down" approach to allocate large categories of assets, and determines the proportion of stocks, bonds, money market instruments and other financial instruments in the portfolio based on quantitative and qualitative analysis and research on macroeconomic, market, policy and other factors; The Fund will adhere to the combination of industry allocation strategy and individual stock selection strategy, and select small and medium-sized stocks that are in a rapid growth period, have good governance structure, have core competitiveness and reasonable valuation level to invest; In terms of bond investment, the Fund will adopt an active investment strategy under duration control. See the legal documents for details of the Fund's depositary receipts investment strategy, SME private placement bond investment strategy and financial derivatives investment strategy.
Performance comparison benchmark: yield of CSI 700 index × 80%+yield of China Bond comprehensive wealth index × 20%
Risk return characteristics The Fund is a hybrid fund, and its expected return and expected risk level are higher than bond funds and money market funds, and lower than equity funds.
Note: For details, please read the relevant contents of the "Fund Investment" section in the Prospectus.
（2） Portfolio Asset Allocation Chart
Note: The deadline is March 31, 2024.
（3） The annual net value growth rate of the Fund (Unit A) since the Fund Contract came into force and its comparison with the benchmark performance of the same period
chart
Note: The effective date of this Fund Contract is January 23, 2015. The performance deadline is December 31, 2023. Past Fund Performance
It does not represent future performance.
3、 Expenses involved in investing in the Fund
（1） Fund sales related expenses
Expense Type Amount (M)/Holding Period (N) Rate (ordinary customer) Rate (specific customer)
Subscription fee (front-end) M ＜ 1000000 1.5% 0.15%
1 million ≤ M ＜ 5 million 1.2% 0.12%
M ≥ 5 million 1000 yuan/transaction 1000 yuan/transaction
Subscription fee (back end) N ≤ 1 year 1.8%
1 ＜ N ≤ 3 years 1.2%
3 ＜ N ≤ 5 years 0.6%
N ＞ 5 years 0
Redemption fee (front-end) N ＜ 7 days 1.5%
7 ≤ N ＜ 30 days 0.75%
30 ≤ N ＜ 365 days 0.5%
365 ≤ N ＜ 730 days 0.3%
N ≥ 730 days 0
Redemption fee (back end) N ＜ 7 days 1.5%
7 ≤ N ＜ 30 days 0.75%
30 ≤ N ＜ 365 days 0.5%
365 ≤ N ＜ 730 days 0.3%
N ≥ 730 days 0
Note: The above fees are charged in the process of investors' subscription/redemption of funds. For the specific meaning of specific customers, please refer to the Prospectus
Content.
（2） Fund operation related expenses
Fee category Annual rate/charging method
Management fee 1.20% Fund manager and sales agency
Custody fee 0.20% Fund custodian
Audit fee 55000.00 yuan/year
Information disclosure fee 120000.00 yuan/year required to disclose newspapers and periodicals
Note: The above expenses will be deducted from the fund assets; The fees and taxes incurred by the Fund in trading securities shall be charged from the Fund according to the actual amount incurred
Asset deduction. The audit fees and information disclosure fees are the annual fees borne by the fund as a whole, not the fees of a single unit category. Annual expenses
The amount is the estimated value, and the final actual amount is subject to the disclosure of the Fund's periodic report. Other operating costs other than the above costs are detailed in
"Fund fees and taxes" in the Prospectus.
（3） Calculation of comprehensive expenses of fund operation
Comprehensive rate of fund operation (annualized)
1.41%
Note: If an investor subscribes/subscribes to the Fund units, the operating rate that the investor needs to pay during the holding period is shown in the table above. Fund management
The management rate and custody rate are the current rates of the Fund, and other operating costs are measured based on the relevant data disclosed in the latest annual report of the Fund
Calculate.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal. Investment is risky, investors should be careful when buying funds
Read the Prospectus and other sales documents of the Fund.
The risks in the Fund's investment include: systematic risks caused by the overall environment of the securities market, and non systematic risks unique to individual securities
Risk, liquidity risk caused by massive redemption or collapse, operational risk generated by the fund manager in the process of investment and operation, and
Fund specific risks, etc.
The unique risks of the Fund include: the Fund is a hybrid fund, and the assets of stocks and depositary receipts account for 60% of the assets of the Fund-
95%, of which the investment in small and medium-sized stocks and depositary receipts is not less than 80% of non cash fund assets; Share of warrant investment in fund net asset value
0% - 3%; The remaining assets are invested in debt assets, SME private placement bonds, convertible bonds, and convertible bonds through separate transactions
Bonds, central bank bills, medium-term bills, short-term financing bonds (including ultra short-term financing bonds), asset-backed securities, bond repurchase, bank deposits
And other fixed income assets, derivative instruments (warrants, stock index futures, etc.), as well as funds allowed to invest by laws and regulations or the CSRC
Other financial instruments. Therefore, changes in the stock market and bond market will affect the performance of the Fund.
The Fund can invest in stock index futures. As a financial derivative, stock index futures have some unique risk points: (1)
Market risk refers to the risk brought to investors by the price change of stock index futures. Market risk is the most important factor in stock index futures investment
Risk; (2) Liquidity risk refers to the risk that the stock index futures contract cannot be realized in time; (3) Basis risk refers to stock
It refers to the risk caused by the fluctuation of the price difference between the futures contract price and the underlying index price, and the price of different stock index futures contracts
The term spread risk caused by the fluctuation of price difference between; (4) Margin risk refers to the failure to raise funds in time to meet the requirements of establishing or
Risks arising from maintaining the margin required by the position of stock index futures contracts; (5) Credit risk refers to the default of futures brokerage companies
Risk of loss; (6) Operational risk refers to errors or omissions of business personnel due to imperfect internal processes, or
The risk of loss caused by failure and other reasons.
The Fund's investment scope includes SME private placement bonds, and its risks mainly include credit risk, liquidity risk and market wind
Insurance, etc. Credit risk refers to the risk of default of the issuer. Liquidity risk is the investment caused by the inactive trading and investment of private placement bonds of SMEs
The investor is forced to hold the risk of maturity. Market risk refers to the future market price (interest rate, exchange rate, stock price, commodity price, etc.)
Risks brought by uncertainty.
The Fund's investment in stocks listed on the Science and Technology Innovation Board will bear the burden of the differences in the listing conditions, trading rules, delisting system and other aspects of the Science and Technology Innovation Board
Unique risks.
The Fund's investment in depositary receipts will not only bear the common risks of investment in domestically listed stocks, but also bear the risks associated with depositary receipts
Unique risks related to new enterprise issuance, overseas issuers and trading mechanisms.
（2） Important tips
The registration/approval of the offering of the Fund by the CSRC does not indicate that it makes a substantive judgment on the value and income of the Fund or
The guarantee does not mean that there is no risk in investing in the Fund. The Fund Manager shall abide by the principles of conscientiousness, honesty, prudence and diligence
Manage and use the fund assets, but do not guarantee that the fund will be profitable, nor do they guarantee the minimum return. The fund investor withdraws from the fund contract
The acquisition of Fund units means that the Fund unit holders and the parties to the Fund contract become the Fund unit holders.
All disputes related to the Fund or the Fund Contract will be submitted to the China International Economic and Trade Arbitration Commission in Beijing for arbitration,
The arbitral award is final and binding on all parties to the arbitration.
If the summary information of the fund product information changes significantly, the fund manager will update it within three working days, and other information occurs
In case of any change, the Fund Manager shall update it once a year. Therefore, the content of this document may be lagging behind the actual situation of the Fund
After that, if you need to timely and accurately obtain the relevant information of the fund, please also pay attention to the relevant temporary announcements issued by the fund manager
Announcement and other disclosure documents.
5、 Other data query methods
See the fund manager website (www.fullgoal. com. cn), customer service hotline: 95105686,
4008880688 (unified nationwide, toll free)
1. Fund contract, custody agreement, prospectus
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
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