Fund Manager: Fullrich Fund Management Co., Ltd
Fund Custodian: Bank of Communications Co., Ltd
November 2019
Important tips
Fullrich Pure Bond Securities Investment Fund (hereinafter referred to as "the Fund") was established in May 2019
On August 8, it obtained the reply of the CSRC on approval of registration (ZJXK [2019] No. 883) on approval of Fuguohua
Reply to the registration of pure bond securities investment funds).
The Fund Manager guarantees that the contents of this Prospectus are true, accurate and complete. This prospectus is in the middle of
It is registered by the CSRC, but the registration of the Fund raised by the CSRC does not indicate its investment in the Fund
Making substantive judgments or guarantees on the value and market prospects does not mean that there is no risk in investing in the Fund.
Risks in the investment of the Fund include: economic factors, political factors, investment psychology and trading system, etc
Market risk caused by various factors; The fund is in default of settlement or invested by the fund in the transaction process
The credit risk caused by the default of the issuer of capital bonds and refusal to pay the due principal and interest; Bond yield curve
Change risk; Reinvestment risk; Management risk; Operational or technical risks; Compliance risk; Liquidity risk;
The Fund's unique risks; Tax risks such as value-added tax in the process of investment and operation of fund assets; Laws of the Fund
The risk that the statement of risk return characteristics of the document may be inconsistent with the fund risk assessment of the sales agency. Base metal
In bond funds, the risk and return are lower than those of equity funds and hybrid funds, and higher than those of money market funds.
The investment is risky, and investors should carefully read this prospectus and the fund when subscribing (or subscribing) the fund
Information disclosure documents such as contracts and fund product information summaries. The fund manager reminds investors of the "buy
The principle of "self conceit", after investors make investment decisions
The investment risk shall be borne by the investors themselves.
The past performance of the Fund does not predict its future performance. The performance of other funds managed by the fund manager and
It does not constitute a guarantee for the performance of the Fund.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, it does not guarantee that the fund will be profitable, nor does it guarantee the minimum return.
The compilation, disclosure and update of the fund product information summary in this prospectus will be no later than
Implemented from September 1, 2020
catalog
Important Notes one
catalog............................................................... two
Part I Preface three
Part II Definitions Error! Bookmark not defined.
Part III Fund Manager four
Part IV Fund Custodian twenty-two
Part V Relevant Service Organizations twenty-six
Part VI Fund Raising twenty-eight
Part VII Effectiveness of the Fund Contract thirty-two
Part VIII Subscription and Redemption of Fund Units thirty-three
Part IX Investment of the Fund forty-five
Part X Assets of the Fund fifty-one
Part XI Valuation of Fund Assets fifty-two
Part XII Income and Distribution of the Fund fifty-eight
Part XIII Fees and Taxes of the Fund sixty
Part XIV Accounting and Audit of the Fund sixty-two
Part XV Information Disclosure of the Fund sixty-three
Part XVI Risk Disclosure seventy
Part XVII Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-five
Part XVIII Summary of the Fund Contract seventy-seven
Part XIX Summary of the Fund Custody Agreement ninety-three
Part XX Services for Fund Unitholders one hundred and six
Part XXI Storage and Reference Methods of Prospectus one hundred and eight
Part XXII Documents for future reference one hundred and nine
Part I Preface
This Prospectus is prepared in accordance with the Securities Investment Fund Law of the People's Republic of China (hereinafter referred to as the "Fund Law")
Administrative Measures for the Operation of Publicly Offered Securities Investment Funds (hereinafter referred to as the "Operating Measures"), Securities Investment
Management Measures for Fund Sales (hereinafter referred to as "Sales Measures"), Information Disclosure of Publicly Raised Securities Investment Funds
Disclosure Management Measures (hereinafter referred to as "Information Disclosure Measures"), Public Offering of Open ended Securities Investment Fund Flow
Liquidity Risk Management Regulations (hereinafter referred to as "Liquidity Risk Management Regulations") and other relevant laws and regulations
And Fuguohua Li Pure Bond Securities Investment Fund Contract (hereinafter referred to as "the Fund Agreement")
Same as ").
This prospectus describes the investment objectives, strategies
All necessary matters related to the investor's investment decision, such as risk and rate
You should read this prospectus carefully.
The Fund Manager promises that this Prospectus does not contain any false content, misleading statement or material legacy
And bear legal responsibility for its authenticity, accuracy and integrity.
The Fund is applied for raising in accordance with the information specified in this Prospectus. This prospectus is prepared by Fuguo
Explanation of Fund Management Co., Ltd. The Fund Manager has not entrusted or authorized any other person to provide
Information specified in the Prospectus, or any explanation or explanation of this Prospectus.
This Prospectus is prepared in accordance with the Fund contract of the Fund and registered with the CSRC. Fund contract
It is a legal document that stipulates the rights and obligations between the parties to the fund contract. The fund investor withdraws from the fund contract
Obtaining fund units means becoming a fund unit holder and a party to the fund contract
It means that it recognizes and accepts the fund contract, and in accordance with the Fund Law, the fund contract and others
The relevant provisions provide for the enjoyment of rights and obligations. Fund investors want to know the rights and obligations of fund share holders,
The fund contract should be consulted in detail.
Part II Interpretation
In this prospectus, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: Fuguohua Li pure bond securities investment fund
2. Fund Manager: Wells Fargo Fund Management Co., Ltd
3. Fund Custodian: Bank of Communications Co., Ltd
4. Fund contract: refers to the Fund Contract of Fullrich Pure Bond Securities Investment Fund and the fund contract
Any valid amendments and supplements to the
5. Custody Agreement: refers to the Fuguohua Pure Bond signed between the Fund Manager and the Fund Custodian for the Fund
Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus or this Prospectus: refers to the Recruitment of Fullrich Pure Bond Securities Investment Fund
Manual and its updates
7. Announcement on the sale of fund shares: refers to the sale of fund shares of Fullrich Pure Bond Securities Investment Fund
Announcement
8. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
9. Fund Law: refers to the Law of the Standing Committee of the Tenth National People's Congress on October 28, 2003
Adopted at the Fifth Meeting of the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting, implemented since June 1, 2013, and approved by the 12th National Congress on April 24, 2015
The 14th Meeting of the Standing Committee of the National People's Congress
Securities Investment of the People's Republic of China
Fund Law of the People's Republic of China and amendments made by the promulgating authority from time to time
10. Sales Measures: promulgated by the CSRC on March 15, 2013 and implemented on June 1 of the same year
Measures for the Administration of the Sale of Securities Investment Funds and amendments made by the promulgating authority from time to time
11. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
The Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds implemented and the regulations issued by the promulgating authority from time to time
revise
12. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Administrative Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
13. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on January 1 and the issuing authority
As amended from time to time
14. China Securities Regulatory Commission: China Securities Regulatory Commission
15. Banking regulatory authority: refers to the People's Bank of China and/or the Insurance Regulatory Commission of the Bank of China
meeting
16. Parties to the Fund Contract: refer to those who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
The legal subjects of the Fund, including the Fund Manager, the Fund Custodian and the Fund Unitholders
17. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
18. Institutional investors: refer to those who can invest in securities investment funds according to law and are located in the People's Republic of China
Enterprise legal person, public institution legal person and society legally registered and existing or established and existing with the approval of relevant government departments
Groups or other organizations
19. Qualified foreign institutional investor: refers to the qualified foreign institutional investor who meets the requirements of the Management of Domestic Securities Investment
The Measures and relevant laws and regulations provide that it can invest in the securities investment funds legally raised in China
Institutional investors outside China
20. RMB Qualified Foreign Institutional Investor: refers to the qualified foreign institutional investor in China
The Pilot Measures for Securities Investment and relevant laws and regulations stipulate that RMB funds from overseas shall be used for domestic investment
Foreign legal persons investing in securities
21. Investors, investors: individual investors, institutional investors, qualified foreign institutional investors and
RMB Qualified Foreign Institutional Investors and those permitted by laws and regulations or the CSRC to purchase securities investment funds
Collective name of other investors
22. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
23. Fund sales business: refers to the promotion of funds and the sale of fund shares by fund managers or sales agencies,
Handle the subscription, redemption, conversion, re custody and fixed investment of fund units
24. Sales agency: Fullrich Fund Management Co., Ltd. and the CSRC
Other conditions stipulated by the Fund Management Committee, obtaining the qualification of fund sales business and signing the fund sales service with the fund manager
Agreement, the institution handling fund sales business
25. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including
Establishment and management of investor's fund account, registration of fund shares, confirmation, liquidation and settlement of fund sales business
Calculate and distribute dividends on behalf of others, establish and keep the register of fund share holders and handle non trading transfer, etc
26. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is Wells Fargo Fund Management Co., Ltd
Limited company or agency entrusted by Fullrich Fund Management Co., Ltd. to handle registration business
27. Fund account: refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Account for the balance of fund units under management and their changes
28. Fund transaction account: it refers to the account opened by the sales agency for the investor to record the investor's passing through the sales machine
Fund shares arising from the organization's handling of subscription, subscription, redemption, conversion, fixed investment and custody transfer
Accounts for changes in amounts and balances
29. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
30. Fund contract termination date: refers to the date when the fund contract termination causes specified in the fund contract occur
The date on which the liquidation results are reported to the CSRC for filing and announcement after the completion of liquidation
31. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, with the longest
Not more than 3 months
32. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
33. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
34. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
open house
35. T+n day: refers to the nth working day from T day (excluding T day)
36. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units
37. Opening Hours: refers to the time period during which the fund accepts subscription, redemption or other transactions on the open day
38. Business Rules: refer to the Business Rules of Wells Fargo Fund Management Co., Ltd
The business rules on the registration of open-ended securities investment funds managed by the fund manager shall be determined by the fund manager and
Joint compliance of investors
39. Subscription: during the fund raising period, investors apply for
Please purchase fund shares
40. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
41. Redemption: refers to that after the Fund Contract comes into effect, the Fund Unitholders shall comply with the provisions of the Fund Contract and the Prospectus
The act of converting fund units into cash under specified conditions
42. Fund conversion: refers to the Fund Unitholders' effective announcement at that time in accordance with the Fund Agreement and the Fund Manager
To apply for converting the fund units of a fund managed by the fund manager into funds
Behavior of other fund units managed by the manager
43. Custody transfer: refers to the change place implemented by the Fund Unitholders between different sales agencies of the Fund
Operation of sales institutions holding fund units
44. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency, and the agreement on each application
On the purchase date, the amount of deduction and the method of deduction, the sales agency shall, on the agreed deduction date of each period, place the amount of deduction in the bank account designated by the investor
An investment method for automatically completing deduction and accepting fund purchase applications in the account
45. Large redemption: refers to the net redemption application of the Fund on a single open day (the total number of redemption application units plus
After deducting the total number of subscription application units and the transfer in application in fund conversion from the total number of transfer out application units in fund conversion
The balance after the total number of shares) exceeds 10% of the total fund shares on the previous open day
46. RMB: refers to RMB
47. Fund income: refers to the bond interest obtained from fund investment, the price difference between buying and selling securities, bank deposit interest
Other legal income realized and cost and expense savings arising from the use of fund assets
48. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of subscription funds and other assets
49. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
50. Net value of fund units: refers to the net value of fund assets on the calculation date divided by the total number of fund units on the calculation date
51. Fund asset valuation: It refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
Value and net value of fund units
52. Designated media: national newspapers and periodicals designated by the CSRC for information disclosure
Internet website (including fund manager website, fund custodian website, CSRC fund electronic disclosure
Website) and other media
53. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at reasonable prices, including but not limited to reverse repos and
Fixed bank deposits (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, and restricted circulation
New shares, non-public offerings, asset-backed securities, and inability to transfer or trade due to the issuer's debt default
Bonds, etc
54. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption
In the form of net amount, the market shock cost of the fund's adjusted portfolio is allocated to the actual subscription and redemption investments
Investors, so as to reduce the adverse impact on the interests of stock fund share holders and ensure the legitimate rights and interests of investors
Be protected and treated fairly
55. Force majeure: refers to objective events that the parties to the fund contract cannot foresee, avoid and overcome
piece
56. Summary of fund product information: refers to the fund product capital of Fullrich Pure Bond Securities Investment Fund
Information Summary and its update (the preparation, disclosure and update of the fund product information summary in this prospectus
Content, which will be implemented no later than September 1, 2020)
Part III Fund Manager
（1） Overview of the Fund Manager
Name: Fullrich Fund Management Co., Ltd
Address: 27-30, Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
layer
Office address: Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
27-30 floors
Date of establishment: April 13, 1999
Legal representative: Pei Changjiang
General Manager: Chen Ge
Tel.: (021) 20361818
Contact: Zhao Ying
Registered capital: 520 million yuan
Equity structure (as of August 20, 2019):
Name of shareholders Proportion of capital contribution
Haitong Securities Co., Ltd. 27.775%
Shenwan Hongyuan Securities Co., Ltd. 27.775%
Bank of Montreal, Canada 27.775%
Shandong International Trust Co., Ltd. 16.675%
The Company has established professional committees such as the Investment Decision making Committee and the Risk Control Committee. Investment Decision making Committee
It will be responsible for making major decisions and investment risk management of fund investment. The Risk Control Committee is responsible for the daily work of the company
Risk control and management of operations to ensure that the company's daily business activities comply with relevant laws and regulations and industry supervision
Manage rules, prevent and resolve operational risks, compliance and moral risks.
At present, the company has 28 departments, three branches and two subsidiaries, respectively: equity investment
Department, Fixed Income Investment Department, Fixed Income Special Account Investment Department, Fixed Income Credit Research Department, Fixed Income Policy
Strategic Research Department, Multi Asset Investment Department, Quantitative Investment Department, Overseas Equity Investment Department, Equity Account Investment Department
Pension Investment Department, Equity Research Department, Centralized Trading Department, Institutional Business Department, Pension Business Department, Banking
Business Department, Institutional Service Department, Retail Business Department, Marketing Management Department, Customer Service Department, E-commerce Department, Strategy Department
With the Product Department, Compliance Audit Department, Risk Management Department, Planning and Finance Department, Human Resources Department and General Management Department (Director
Council Office), Information Technology Department, Operation Department, Beijing Branch, Chengdu Branch, Guangzhou Branch, Fu
State Asset Management (Hong Kong) Co., Ltd., Fuguo Asset Management (Shanghai) Co., Ltd.
Equity Investment Department: responsible for the investment management of equity fund products; Fixed income investment department: responsible for fixed income
Bonds of income public offering products and non fixed income public offering products (including the company's own funds, etc.)
Investment management; Fixed income special account Investment Department: responsible for one-to-one, one to many and other non-public fixed income special accounts
Investment management; Fixed Income Credit Research Department: establish and improve the bond credit rating system and carry out credit research
Research, etc., to provide research support for the company's fixed income investment decisions; Fixed Income Strategy Research Department:
Research on fixed income investment strategy, unify the middle management of fixed income investment, and make decisions for the company's fixed income investment
And implementation to provide development suggestions, research support and risk control; Multi Asset Investment Department: according to laws and regulations
The company's rules and regulations and contractual requirements, within the scope of authorization, are responsible for FOF fund investment operations and cross asset and cross asset
Investment management of diversified asset allocation products with variety and cross strategy; Quantitative Investment Department: responsible for the quantification of the company
Investment management business; Overseas Equity Investment Department: responsible for equity investment management of the company outside China (including Hong Kong)
Reason; Equity Account Investment Department: responsible for social security, insurance, QFII, one-to-one, one to many and other non-public equity
Investment management of special account; Pension Investment Department: responsible for pension (enterprise pension, occupational pension, basic pension
Fund, social security, etc.) and similar pension accounts; Equity Research Department: responsible for industry research
Research on listed companies and macro research; Centralized Trading Department: responsible for investment trading and risk control; Institutional business
Department: responsible for insurance, finance companies, listed companies, sovereign wealth funds, foundations, securities companies, trusts, private
Sales and services of customers such as fund raising, inter-bank pension managers, inter-bank mutual fund FOF, overseas customers, etc; raise
Laojin Business Department: responsible for the sales and
Services; Banking Department: Financial Market Department, Interbank Department, Asset Management Department and Private Banking Department responsible for bank customers
Non commissioned sales and services of the Bank and other departments; Institutional Service Department: responsible for coordinating the connection between the three institutional sales departments
Resources of the company to achieve project implementation, provide professional support and project management, and continue to provide institutional customers of the company
Professional services; Retail Business Department: manage East China Marketing Center, Central China Marketing Center, Guangdong Marketing Center, Shenzhen
Shenzhen Marketing Center, Beijing Marketing Center, Northeast Marketing Center, West Marketing Center, North China Marketing Center
Responsible for the retail business of mutual funds; Marketing Management Department: responsible for the formulation and implementation of marketing plans, brand building and
Media relationship management, providing one-stop sales support for retail and institutional business teams, subsidiaries, etc; Customer service
Business Department: formulate customer service strategies, formulate customer service specifications, build customer service teams, and improve customer satisfaction
Sense, collect customer information, analyze customer needs, and support the company's decision-making; E-commerce Department: responsible for fund electricity
Analyze the development trend of sub businesses, formulate and implement the company's e-commerce development strategy and implementation rules, and effectively promote
E-commerce business of the company; Strategy and Product Department: responsible for developing and maintaining public and non-public products, and assisting in management
The management research, formulate, implement and adjust the company's development strategy, establish a data collection and analysis platform for the company
Provide integrated data support for investment decisions, sales decisions, business development, performance analysis, etc; Compliance Audit Department:
Perform compliance review, compliance inspection, compliance consultation, anti money laundering, compliance propaganda and training, compliance monitoring and other compliance
Regulate management responsibilities, carry out internal audit, manage information disclosure, legal affairs, etc; Risk Management Department: Executive Company
The company's overall risk management strategy, take the lead in drafting the company's risk management system and process, organize risk identification
Evaluate, report, monitor and respond, and be responsible for the compliance monitoring of all investment portfolios under the company; Information Technology Department:
Responsible for software development and system maintenance; Operation Department: responsible for fund accounting and liquidation; Planning and Finance Department: responsible for
Financial planning and management of the Company; Human Resources Department: responsible for human resources planning and management; General Management Department (Director
Board office): responsible for the daily affairs of the board of directors of the company, company secretary management, company (internal) publicity
Information research, administrative and logistics management; Wells Fargo Asset Management (Hong Kong) Co., Ltd.: securities trading
Providing advice and asset management for securities; Fuguo Asset Management (Shanghai) Co., Ltd.: operating specific customers
Asset management and other businesses recognized by the CSRC.
As of July 31, 2019, the company has 464 employees, of which more than 70% have master's degree or above
education.
（2） Key personnel
1. Board members
Mr. Pei Changjiang, Chairman of the Board of Directors, has a postgraduate degree. He is now the Deputy General Manager of Haitong Securities Co., Ltd.
He has successively served as a researcher in the Research Department of Shanghai Wanguo Securities Co., Ltd., assistant to the general manager and general manager of Zhabei Business Department, and Shen Yinwan
General Manager of Zhabei Business Department of China Securities Corporation, Deputy General Manager of Zhejiang Management Headquarters, Deputy General Manager of Brokerage Headquarters, Hua
Investment Director of Treasure Trust Investment Co., Ltd., Director and General Manager of Huabao Industrial Fund Management Co., Ltd.
Mr. Chen Ge, director, general manager, has a postgraduate degree. Successively served as the research institute of Guotai Jun'an Securities Co., Ltd
Researcher, researcher of Fullrich Fund Management Co., Ltd., fund manager, general manager of research department, assistant to general manager
Deputy General Manager, fund manager of Fuguo Tianyi Value Securities Investment Fund from April 2005 to April 2014.
Ms. Constance Mak, Director, Bachelor of Arts and Business, Canadian Chartered Accounting
Division. Currently, he is the General Manager of BMO Financial Group's Asian business, Asia, International, BMO
Financial Group）， Director of China Canada Trade Council and member of the advisory group of Canadian Chinese Television. Successive posts
St. Margaret's College teacher, partner of KPMG accounting firm in Canada.
Mr. Fang Rongyi, director, doctor, graduate, senior accountant. Current Shenwan Hongyuan Securities Co., Ltd
Deputy General Manager, Chief Financial Officer, Chief Risk Officer and Secretary of the Board of Directors of the Company. Successively served as Beijing UFIDA Electronic Finance
Deputy Director of Information Center of Research Institute of Technology Co., Ltd., Associate Professor of Business Administration Education Center of Xiamen University, China
Deputy Director of Accounting Department of Shenzhen Special Economic Zone Branch of the People's Bank of China (Shenzhen Central Sub branch), Shenzhen City, People's Bank of China
Head of the Non bank Financial Institutions Division of the Central Sub branch, Finance Committee of Shenzhen Regulatory Bureau of China Banking Regulatory Commission
Director of Planning Division, Director of State owned Bank Supervision Division, and Chief Financial Officer of Shenyin Wanguo Securities Co., Ltd.
Mr. Zhang Xinjun, director, has a postgraduate degree. Currently, he is the Chief Financial Officer of Haitong Securities Co., Ltd
Deputy General Manager and Chief Financial Officer of Tong International Holdings Co., Ltd. Successively served as member of the Finance and Accounting Department of Haitong Securities Co., Ltd
Deputy Manager/Manager of the Asset Management Department of the Planning and Finance Department, Chief Financial Officer of Haitong International Securities Group Co., Ltd
Chief Risk Officer of Haitong International Holdings Co., Ltd.
Mr. Edgar Normund Legzdins, director, bachelor's degree, Canadian chartered accountant. incumbent
SVP&Managing Director, International, BMO
Financial Group). From 1980 to 1984, he worked as an auditor at Coopers&Lybrand; 1984
Joined BMO Bank of Canada Financial Group Bank of Montreal.
Mr. Zhang Ke, director, bachelor's degree, economist. Currently, Shandong International Trust Co., Ltd
There is a general manager of the business management department. Successively served as the salesperson of the Fund Loan Department of Shandong International Trust Co., Ltd
Salesman of the Financial Investment Department, Salesman of the Infrastructure Fund Management Department, Trust Manager of the Infrastructure Fund Management Department, and Infrastructure Fund
Deputy General Manager of Management Department, Deputy General Manager of Inherent Business Management Department.
Mr. He Zonghao, Director, Master. Current head of Shenwan Hongyuan Securities Co., Ltd. Plan and Financial Management Headquarters
Manager. He has successively served as a member of the Planning and Credit Section and the Organization Section of the Shanghai Xuhui District Office of the People's Bank of China; ICBC Xu
Acting Secretary of the Party Branch, Secretary of the Party Branch and Deputy Director of the Banking Office of Jianguo West Road Banking Office of the Hui District Office
Work); Employee of Finance Department of Shanghai Shenyin Securities Company; Shanghai Shenyin Securities Co., Ltd. Pudong Company Finance Department is responsible for the preparation
People; Deputy Manager and Manager of Finance and Accounting Department of Shanghai Shenyin Securities Co., Ltd. Pudong Branch; Shenyin Wanguo Securities Co., Ltd
Manager of the Finance Department of the Pudong Branch of the Company, Department Manager of the Finance Management Headquarters of Shenyin Wanguo Securities Co., Ltd
General Manager Assistant, Deputy General Manager and General Manager of Shenyin Wanguo Securities Co., Ltd.
Mr. Huang Ping, an independent director, has a postgraduate degree. Currently, he is the director of Shanghai Shengyuan Industry (Group) Co., Ltd
President of the Bureau. He has successively served as the director of the Political Department of Shanghai Municipal Bureau of Reform through Labor; Deputy General Manager of Shanghai Huaxia Lixiang Industrial Co., Ltd;
General Manager and President of Shanghai Shengyuan Industry (Group) Co., Ltd.
Mr. Ji Wenguan, an independent director, has a postgraduate degree. He is now the Executive Vice President of Shanghai Financial Industry Federation.
He has successively served as Deputy Chief of Planning Section, Deputy Director of Office, Director of Office and Deputy Director of Shanghai Instrument and Meter Research Institute;
Deputy Director, Office Director, Assistant Director, Deputy Director
Deputy Secretary of the Party Leadership Group; Director of the Shanghai Pudong New Area Government Office, Director of the Foreign Affairs Office, and Party members of the district government
Member; Member of the Standing Committee of the Songjiang District Committee of Shanghai Municipality, Deputy District Chief; Deputy Director of Shanghai Municipal Financial Service Office, Shanghai, CPC
Secretary of the Municipal Financial Work Committee; Member of the Standing Committee of the Shanghai Municipal CPPCC and Director of the Ethnic and Religious Committee of the Shanghai Municipal CPPCC.
Mr. Cary S. Ng is an independent director with a postgraduate degree and a Canadian chartered accountant. present
Retired. In 1976, Thorne Riddell, the predecessor of KPMG Canada, served as auditor
He has more than 30 years of experience in financial management and information system project management, and once worked in Neo Materials
Technologies Inc., formerly AMR Technologies Inc, MLJ Global Business Developments
Inc., UniLink Tele.com Inc. and other international companies are Chief Financial Officer (CFO) and Vice President of Finance
Professor of Accounting, Finance and Finance, Department of Business, Seneca College.
Mr. Li Xianming is an independent director with a postgraduate degree. Currently, he is a lawyer of Shanghai Jintiancheng Law Firm
Senior Partner. He has been a teacher of Jilin University Law School.
2. Members of the Board of Supervisors
Mr. Fu Jiguang, Chairman of the Board of Supervisors, has a postgraduate degree. Current risk control of Shandong International Trust Co., Ltd
chief inspector. He has successively served as a member of the investment department of Jining Trust and Investment Company, a director and deputy general manager of Jining Liuzhuang Port Transportation Corporation
Manager, Business Manager and Deputy Manager of Investment Banking Business Department of Shandong International Trust and Investment Co., Ltd., Shandong International
Manager of the Audit and Legal Department of Trust Investment Co., Ltd., CFO of Shandong Zhonglu Ocean Fisheries Co., Ltd,
Manager of the fourth trust business department of Shandong International Trust Co., Ltd.
Mr. Shen Yin, supervisor, has a bachelor's degree. Currently, Shenwan Hongyuan Securities Co., Ltd. is in compliance and risk management
Deputy General Manager of the Legal Compliance Headquarters, Deputy Director of the Risk Management Office, and Company lawyer. Successively held senior posts in Shanghai
Assistant researcher of the People's Court, assistant judge of Shanghai Intermediate People's Court and Shanghai Second Intermediate People's Court
Member, judge, leader of the judge, head of the general section of the office, and arbitrator of Shanghai Arbitration Commission.
Ms. Zhang Xiaoyan, supervisor, doctor. The current Bank of Montreal in Asia and Bank of Montreal (China)
Chief Risk Officer, LLC. He has successively served as a researcher in the Department of Chemistry of California Institute of Technology and the University of Toronto, Canada
Assistant Professor of Chemistry Department, Senior Manager of Model Development and Risk Review of Market Risk Management Department of Bank of Montreal,
Director of Operational Risk Capital Management of Bank of Montreal, Vice President and Director of Trading Risk Management Department of Dominion Securities,
Head of Market Risk Control of OCBC Group, Senior Vice President and Head of Risk Management Department of Singapore Exchange.
Mr. Shi Xu, supervisor, has a postgraduate degree. He is now the Deputy General Manager of the Audit Department of Haitong Securities Co., Ltd,
He has successively served as Deputy Manager, Manager and Assistant General Manager of the Audit Department of Haitong Securities Co., Ltd
Management, etc.
Ms. Li Xuewei, supervisor, has a postgraduate degree. Currently, he is the Deputy General Manager of Operation Department of Fullrich Fund Management Co., Ltd
Li. Successively served as fund liquidator, registration and settlement supervisor, assistant to operation director, and operation manager of Fullrich Fund Management Co., Ltd
Deputy Operation Director of the Operation Department, Operation Director of the Operation Department.
Mr. Xiao Kai, supervisor, doctor. He is currently the risk control director of the centralized trading department of Fullrich Fund Management Co., Ltd.
He has successively served as department manager of Shanghai Jinxin Financial Engineering Research Institute, department manager of Youlian Strategic Management Center, and Fullrich Fund
Risk control supervisor, senior risk control supervisor and deputy audit director of the Supervision Department of the Management Co., Ltd.
Ms. Yang Yiqin, supervisor, has a bachelor's degree. The current retail business department of Fullrich Fund Management Co., Ltd
Assistant Director. Successively served as the customer manager of Beijing West Road Business Department of Liaoning Securities Company and Fuguo Fund Management Co., Ltd
Customer Service Manager, Marketing Planning Manager, Sales Support Manager and Senior Sales Support Manager.
Ms. Shen Zhanhui, supervisor, has a bachelor's degree. Currently, he is the Deputy General Manager of General Management Department of Fullrich Fund Management Co., Ltd
Manager. He has successively served as a teacher of Nanyang Middle School of Shanghai Jiaotong University, recruitment supervisor of Bolang Software Development (Shanghai) Co., Ltd
Head of HR&Administration Department of Siyuan Electric Co., Ltd., HR Manager and Director of Fuguo Fund Management Co., Ltd
Assistant.
3. Inspector General
Ms. Zhao Ying has a postgraduate degree and a master's degree. He once worked in the International Business Department of Haitong Securities Co., Ltd
Shanghai Guosheng (Group) Co., Ltd. Asset Management Department/Risk Management Department, Haitong Securities Co., Ltd. Compliance
With the Risk Management Headquarters and the Compliance and Risk Control Department of Shanghai Haitong Securities Asset Management Co., Ltd; July 2015 plus
Joined Fuguo Fund Management Co., Ltd., served successively as the General Manager of the Supervision and Audit Department, and now is Fuguo Fund Management Co., Ltd
Inspector General.
4. Management personnel
Mr. Chen Ge, General Manager (refer to the introduction of directors above for resume).
Mr. Lin Zhisong has a bachelor's degree and a master's degree in business administration. Former secretary of Zhangzhou Import and Export Commodity Inspection Bureau
The head of the office of Jinjiang Import and Export Commodity Inspection Bureau and the business manager of Xiamen Securities Company; October 1998
In June, he participated in the preparation of Fullrich Fund Management Co., Ltd. and successively served as the inspector, senior inspector and department of the Supervision and Audit Department
Deputy Manager, Department Manager, Chief Inspector, and now the Deputy General Manager and Chief Information Officer of Fullrich Fund Management Co., Ltd.
Ms. Lu Wenjia has a master's degree. He used to be an employee of China Construction Bank Shanghai Branch,
Marketing Director and Vice Marketing President of Hua'an Fund Management Co., Ltd; Joined Wells Fargo Fund Management in May 2014
He is now the Deputy General Manager of Fuguo Fund Management Co., Ltd.
Ms. Li Xiaowei, with a postgraduate degree, a doctor's degree, is a senior economist. Previously worked as a foreign loan of the State Education Commission
Office Project Officer, MSCI BARRA BARRA
Senior Researcher of Risk Assessment Department, a senior researcher of Barclays Global Investors
China Active Equity Investment Director, Senior Fund Manager and Senior Researcher; Joined Wells Fargo Fund in June 2009
Management Co., Ltd., successively served as fund manager, general manager of quantitative and overseas investment department, and assistant general manager of the company. Now
Deputy General Manager and Fund Manager of Fullrich Fund Management Co., Ltd.
Mr. Zhu Shaoxing has a master's degree and a doctor's degree. Joined Wells Fargo Fund Management Co., Ltd. in June 2000
He has successively held the posts of product development director, fund manager assistant, fund manager, general manager of research department and equity investment department
General Manager, Assistant to the General Manager of the Company, now the Deputy General Manager and General Manager of Equity Investment Department of Fullrich Fund Management Co., Ltd
Manager and fund manager.
5. Fund Manager of the Fund
Yu Xiaobin, master, Shanghai International Monetary Brokerage Co., Ltd. from July 2007 to October 2012
agent; In October 2012, he joined Wells Fargo Fund Management Co., Ltd. and served as a senior trader and senior trader
Member and research assistant, Fuguo Taili Regular Open Bond Sponsored Securities Investment Fund since December 2016
Fund manager, Fuguo Tianyuan Shanghai Hong Kong Shenzhen Balanced Hybrid Securities Investment Fund, Fuguo Tiancheng since November 2017
Fund manager of dividend flexible allocation hybrid securities investment fund, from August 2018 to October 2019
Optimize and strengthen bond securities investment funds, Wells Fargo convertible bond securities investment funds, Wells Fargo Yili pure bonds
Fund manager of securities investment fund, who has been working as Fuguo Zhenxuan Growth Flexible Allocation Hybrid Securities since August 2018
Fund manager of investment fund, Fuguo two-year wealth management bond securities investment fund, Fuguo
Fund Manager of China Financial Bond Securities Investment Fund, Fullrich Tianying Bond Securities Investment since March 2019
Asset Management Fund (LOF), Wells Fargo Robust Enhanced Bond Securities Investment Fund, Wells Fargo Yield Enhanced Bond Securities Investment
Asset fund, Fuguo new income flexible allocation hybrid securities investment fund, Fuguo Xiangli regular open bond issuance
Start up securities investment fund, Fuguo New Premium Flexible Allocation Hybrid Securities Investment Fund, Fuguo Jiali Robust Allocation
Fund manager of regular open-end hybrid securities investment fund, serving as the target income of Wells Fargo for one year from May 2019
Pure bond securities investment fund, Wells Fargo New Trend Flexible allocation hybrid securities investment fund, Wells Fargo New Return
Report to the Fund Manager of the Flexible Allocation Hybrid Securities Investment Fund, and assume the role of Fuguo New Energy Flexible Allocation since June 2019
Hybrid Sponsored Securities Investment Fund, Wells Fargo New Opportunities Flexible Allocation Hybrid Sponsored Securities Investment Fund
Fuguo Science and Innovation Theme 3-year Closed Operation Flexible Allocation Hybrid Securities Investment Fund Fund Manager, June 2019
Until September 2019, he will be the fund manager of Fuguo New Preferred Flexible Allocation Regular Open Hybrid Securities Investment Fund. have
Have fund practice qualification.
6. Investment Decision making Committee
Members of the Investment Committee of the Company: Chen Ge, the general manager, Zhu Shaoxing, the deputy general manager in charge, and Li Xiaowei, the deputy general manager in charge.
7. There is no close relative relationship between the above personnel.
（3） Responsibilities of the Fund Manager
1. Raise funds in accordance with the law, and handle the sale and registration of fund units;
2. Handling the fund filing procedures;
3. To manage, account for and invest in securities of different fund assets under their management;
4. Determine the fund income distribution plan in accordance with the fund contract and distribute it to fund share holders in a timely manner
profit;
5. Conduct fund accounting and prepare fund financial accounting reports;
6. Prepare quarterly report, interim report and annual report;
7. Calculate and announce the net value of the fund, and determine the subscription and redemption prices of fund units;
8. To handle information disclosure matters related to fund property management business activities;
9. Convene the general meeting of fund unit holders in accordance with the provisions;
10. Keep records, account books, statements and other relevant materials of fund property management business activities;
11. In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise their litigation rights or enforce their rights
Other legal acts;
12. Other responsibilities stipulated by laws and regulations and the CSRC or agreed in the fund contract.
（4） The Fund Manager's commitment to comply with laws and regulations
1. The Fund Manager undertakes not to engage in activities that violate the Securities Law of the People's Republic of China, the Fund Law and the Operation
Measures, Sales Measures, Information Disclosure Measures and other laws and regulations, and promises to establish a sound internal
Department control system, take effective measures to prevent the occurrence of illegal acts.
2. The Fund Manager promises not to engage in the following acts in violation of the Fund Law, and promises to establish a sound internal
Department risk control system, take effective measures to prevent the following behaviors:
(1) Mixing the inherent property of the fund manager or the property of others with the fund property for securities investment;
(2) Unfairly treat different fund assets under management;
(3) Seeking benefits for a third party other than the fund unit holders by taking advantage of the fund property or position;
(4) Committing gains or bearing losses to fund share holders in violation of regulations;
(5) Embezzlement and misappropriation of fund assets;
(6) Disclose the unpublished information obtained for the convenience of his position, use the information to engage in or express or imply that he
Person engaged in relevant trading activities;
(7) Neglect of duty and fail to perform duties according to regulations;
(8) Other acts prohibited by laws, administrative regulations and the CSRC.
3. The Fund Manager promises to strengthen personnel management, strengthen professional ethics, and urge and constrain employees to abide by the state
Relevant laws, regulations and industry norms, being honest, trustworthy, diligent and responsible, and not engaging in the following activities:
(1) Ultra vires or illegal operation;
(2) Violation of fund contract or custody agreement;
(3) Deliberately damaging the legitimate rights and interests of fund share holders or other fund related institutions;
(4) Practicing fraud in the materials submitted to the CSRC;
(5) Refuse, interfere, obstruct or seriously affect the supervision of the CSRC according to law;
(6) Neglect of duty, abuse of power, and failure to perform duties in accordance with regulations;
(7) Violation of relevant laws, regulations, rules, fund contracts and CSRC
It is required to disclose business secrets related to securities and funds that are known during the term of office, and funds that have not been disclosed according to law
Investment content, fund investment plan and other information, or use the information to engage in or express or imply that others engage in
Trading activities related to customs;
(8) Assist, accept entrustment or conduct securities trading for other organizations or individuals in any other form;
(9) Violate the business rules of the stock exchange, manipulate the market price by means of counter check, position dumping, etc
Disorderly market order;
(10) Disparage peers to improve themselves;
(11) Intentionally containing false, misleading and fraudulent elements in public information disclosure and advertising;
(12) Seeking business development by improper means;
(13) It goes against social morality and damages the image of securities investment fund practitioners;
(14) Other acts prohibited by laws and administrative regulations.
（5） Commitment of the Fund Manager on Prohibited Sexual Behaviors
In order to safeguard the legitimate rights and interests of fund share holders, the Fund is prohibited from engaging in the following acts:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager shall
After due process, the investment of the Fund will no longer be subject to relevant restrictions or the changed regulations.
（6） Fund manager commitment
1. In accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and in the principle of prudence
Seek the best interests;
2. Do not take advantage of their positions to seek benefits for themselves, employees or any third party;
3. Do not violate the relevant laws and regulations in force, the fund contract and the relevant provisions of the CSRC
Disclose the business secrets related to securities and funds known during the term of office, the fund investment content that has not been disclosed according to law
Fund investment plan and other information, or use the information to engage in or express or imply others to engage in related transactions
Dynamic;
4. Do not conduct securities trading for other organizations or individuals in any form.
（7） Risk management system and internal control system of the fund manager
1. Risk management system
The risks faced by the Fund in its operation mainly include market risk, credit risk, liquidity risk
Management risk, operational or technical risk, compliance risk and other risks.
For the above risks, the fund manager has established a complete risk management system, including
The following:
(1) Establish a risk management environment. Specifically, it includes formulating risk management strategies and objectives, and setting up corresponding groups
Organization, equipped with corresponding human resources and technology systems, and set the time and space scope of risk management
And so on.
(2) Identify risks. Identify the risks in the organizational system and business processes and the reasons for the risks.
(3) Analyze risks. Check the existing control measures, analyze the possibility of risk occurrence and its causes
Fruit.
(4) Measure risk. To assess the level of risk, there are both qualitative and quantitative measures
Quantitative means. Qualitative measurement is to divide the risk level into several levels, and each risk is based on its possibility
The severity of sex and consequences are classified into corresponding levels. The quantitative method is to design some risk indicators,
Measure the value.
(5) Handling risks. Compare the risk level with the established standard. For those risks with lower level,
We should undertake it, but we need to monitor it. For more serious risks, a certain management plan will be implemented
For some risks with extremely serious consequences, corresponding emergency measures shall be prepared.
(6) Monitoring and inspection. Monitor and evaluate the management performance of the existing risk management system, if necessary
Change when necessary.
(7) Reporting and consulting. Establish a reporting system for risk management, so that the company's shareholders, the company's board of directors
The company's senior management and supervision department understand the company's risk management status and seek advice.
2. Internal control system
(1) Principles of internal control
① Principle of comprehensiveness. The internal control system covers all businesses, departments and personnel at all levels of the company,
And it permeates into decision-making, implementation, supervision, feedback and other business links.
② The principle of independence. The company sets up independent chief inspector and supervision and audit functional departments, and keeps them
High independence and authority.
③ The principle of mutual restriction. The company's departments and posts are set up with clear rights and responsibilities, mutual checks, and
Feasible measures of mutual checks and balances to eliminate the blind spots in internal control.
④ Importance principle. The development of the company must be based on sound and stable risk control
Risk control is as important as the company's business development.
(2) Main contents of internal control
① Control environment
The Board of Directors and the Board of Supervisors of the Company attach importance to the establishment of a sound corporate governance structure and internal control system. Fund management
The manager shall set up a risk committee under the board of directors with the participation of independent directors to evaluate and improve the company's internal
Control system; The board of supervisors of the company is responsible for reviewing the audit report of the external independent auditor to ensure the company's financial report
The authenticity and reliability of the audit report, and urge the implementation of relevant audit recommendations.
Under the leadership of the general manager, the company's management carefully implements the internal control strategy determined by the board of directors, in order to
Effectively implement the business policy and development strategy formulated by the board of directors of the company, and set up the general manager office meeting and investment decision-making
The committee, risk control committee and other committees are respectively responsible for the company's operation, fund investment and risk management
Major decisions.
In addition, the company has an inspector general who is fully responsible for the supervision and audit of the company
Conduct comprehensive inspection and supervision on the legality, compliance and rationality of the work, participate in the risk control work of the company
Report to the chairman of the board of directors of the company and the China Securities Regulatory Commission when a major risk event occurs.
② Risk assessment
The internal auditors of the company regularly assess the risk status of the company and the fund, including the ability to
Internal and external factors that have a negative impact on the investment objectives may have an impact on the overall business objectives of the company
The evaluation report shall be submitted to the General Manager's office meeting and the Risk Control Committee.
③ Operation control
The design of the company's internal organizational structure reflects the division of responsibilities between departments, but also the similarity between departments
The principle of mutual cooperation and checks and balances. The fund investment management, fund operation, market and other business departments have clear authorization
Division of labor, the operation of each department is independent, and there is an independent reporting system. Mutual verification among business departments
Right, check each other.
Each business department's internal job division is reasonable, responsibilities are clear, and mutual inspection and restriction are formed
To reduce the risk of fraud or error, each job post has developed a corresponding written management system.
On the basis of a clear post responsibility system, set up scientific, reasonable and standardized business operation processes,
Each business operation has a clear and written operation manual, and at the same time, complete processing procedures are stipulated and saved
Complete business records and establish strict inspection and review standards.
④ Information and communication
The company has established an internal office automation information system and business reporting system, and through the establishment of effective information
Communication channels to ensure that employees and managers at all levels can fully understand the information related to their responsibilities
The certificate information shall be timely delivered to the appropriate personnel for processing.
⑤ Supervision and internal audit
The Fund Manager has set up a functional department of supervision and audit independent of each business department to perform internal audit
Yes, check and evaluate the rationality, completeness and effectiveness of the company's internal control system, and supervise the company's internal control
The implementation of the system, reveals the risks in the company's internal management and fund operation, and puts forward suggestions for improvement in a timely manner,
Promote the effective implementation of the company's internal management system. Internal auditors are relatively independent and supervise audit
The report shall be submitted to all directors for review and submitted to the CSRC.
3. Statement of the Fund Manager on Internal Control
(1) The Fund Manager is sure that the establishment, implementation and maintenance of the internal control system is the responsibility of the Board of Directors and
Management's responsibilities;
(2) The above disclosure of internal control is true and accurate;
(3) The Fund Manager promises to continuously improve internal control according to the changes of market environment and the development of the Company
System.
Part IV Fund Custodian
（1） Basic information
Name: Bank of Communications Co., Ltd. (hereinafter referred to as "Bank of Communications")
Address: No. 188, Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone (postcode: 200120)
Legal representative: Peng Chun
Time of establishment: March 30, 1987
Organizational form: limited liability company
Registered capital: 74.262 billion yuan
Duration: continuous operation
Approval document and document number of fund custody qualification: ZJJZ [1998] No. 25 of China Securities Regulatory Commission
（2） Key personnel
Mr. Peng Chun, Chairman, Executive Director and Senior Accountant.
Mr. Peng has been the Chairman and Executive Director of Bank of Communications since February 2018. Traffic since November 2013
Executive Director of the Bank. Vice Chairman and Executive Director of Bank of Communications from November 2013 to February 2018, 2013
President of Bank of Communications from October 2008 to January 2018; China Investment from April 2010 to September 2013
Deputy General Manager of the Limited Liability Company and Executive Director and General Manager of Central Huijin Investment Co., Ltd; 2005
Executive Director and Vice President of Bank of Communications from August to April 2010; September 2004 to August 2005
Vice President of Bank of Communications; From June 2004 to September 2004, he served as the director and assistant president of Bank of Communications; two thousand and one
From September 2004 to June 2004, he served as the Assistant President of Bank of Communications; From 1994 to 2001, he served successively in Ulu, Bank of Communications
Vice President and President of Muqi Branch, President of Nanning Branch and President of Guangzhou Branch. Mr. Peng was born in China in 1986
The Graduate Department of the People's Bank of China obtained a master's degree in economics.
Mr. Ren Deqi, Vice Chairman, Executive Director, President and Senior Economist.
Mr. Ren has been the Vice Chairman, Executive Director and President of Bank of Communications since August 2018. July 2014
Vice President of Bank of China from November 2016, Executive Director of Bank of China from December 2016 to June 2018
Director and Vice President, including: from October 2015 to June 2018, concurrently served as BOC Hong Kong (Holdings) Co., Ltd
Non executive director of the company, concurrently served as the head of RMB trading business of Bank of China in Shanghai from September 2016 to June 2018
President of the department; From August 2003 to May 2014, he successively served as Deputy General Manager of Credit Approval Department of China Construction Bank, Feng
General Manager of Insurance Monitoring Department, General Manager of Credit Management Department, President of Hubei Branch, General Manager of Risk Management Department; one thousand nine hundred and eighty-eight
From July, 2003 to August, 2003, he successively worked in China Construction Bank Yueyang Changling Sub branch, Yueyang Central Sub branch, Yueyang
Branch, China Construction Bank Credit Management Committee Office and Credit Risk Management Department. Mr. Ren 1988
He received a master's degree in engineering from Tsinghua University in.
Ms. Yuan Qingwei, President of Asset Custody Business Center, Senior Economist.
Ms. Yuan has been the President of the Asset Custody Business Center of Bank of Communications since August 2015; December 2007 to 2015
In August 2008, he successively served as the assistant to the general manager and deputy general manager of the asset custody department of Bank of Communications, and the asset custody industry of Bank of Communications
Vice President of the Business Center; From December 1999 to December 2007, successively served as the finance officer of Urumqi Branch of Bank of Communications
Deputy section chief, section chief, director assistant, deputy director of the accounting department, senior manager of the accounting and settlement department. Ms. Yuan 1992
Graduated from Computer Science Department of China University of Petroleum with a bachelor's degree, and obtained a master's degree from Xinjiang University of Finance and Economics in 2005
Scholars degree.
（3） Development overview and financial situation
Bank of Communications, founded in 1908, is one of the oldest banks in China and also the development of modern China
One of the bank notes. The Bank of Communications, which was re established in 1987, officially opened its business, becoming the first nationwide bank in China
A state-owned joint-stock commercial bank headquartered in Shanghai. In June 2005, Bank of Communications in the Stock Exchange of Hong Kong
It was listed on the Shanghai Stock Exchange in May 2007. According to the British Banker 2017
According to the report of the world's top 1000 banks released by the magazine, Bank of Communications ranked 11th in tier one capital, up 2% over the previous year
Bit; According to the ranking of Fortune Global 500 companies published in 2017, Bank of Communications operates
Revenue ranked 171st.
As of September 30, 2018, the total assets of Bank of Communications were 9391.537 billion yuan. 2018
From January to September, Bank of Communications realized a net profit (attributable to shareholders of the parent company) of 57.304 billion yuan.
（4） Department setting and management system of Custody Business Department
The head office of Bank of Communications has an asset custody business center (hereinafter referred to as the "custody center"). Existing employees have
He has many years of experience in fund, securities and banking industry, and is qualified for fund industry, as well as economist, accountant
Middle and senior professional and technical titles such as engineer and lawyer, employees with high educational level, reasonable professional distribution
With excellent professional skills and excellent professional ethics, it is an honest, diligent, enterprising, pioneering and innovative team
An upward team of asset custody practitioners.
（5） Operation of fund custody business
As of September 30, 2018, BOCOM has managed 384 securities investment funds in total. In addition, Bank of Communications
The Bank also has custody of specific customer asset management plans of fund companies, customer asset management plans of securities companies, banks
Wealth management products, trust plans, private investment funds, insurance funds, national social security funds, pension security management
Fund, enterprise annuity fund, QFII securities investment assets, RQFII securities investment assets, QDII securities investment
Assets, RQDII securities investment assets, QDLP funds and other products.
（6） Fund Custodian's Internal Risk Control System
1. Internal control objectives
BOCOM strictly abides by national laws and regulations, industrial rules and relevant management regulations within the Bank, and strengthens internal
To manage and ensure the integrity of the business rules of the Custody Center and the implementation of various rules
Sort out, evaluate and monitor, effectively manage and control various business risks, ensure the steady operation of business, and ensure
Protect the legitimate rights and interests of fund holders.
2. Internal control principle
(1) Principle of legality: various systems formulated by the Trusteeship Center comply with national laws and regulations and the regulatory authority's
The regulatory requirements run through the operation and management activities of the custody business.
(2) Comprehensiveness principle: the Custody Center establishes the self monitoring and risk control system of the secondary departments
The internal control mechanism covers all businesses, all departments and personnel at all levels, and penetrates into decision-making, implementation and supervision
Establish a comprehensive risk management and supervision mechanism for all business links such as supervision and feedback.
(3) Principle of independence: The Custodian Center is independently responsible for the custody of the entrusted fund assets to ensure that the fund assets and
The self owned assets of Bank of Communications are independent from each other, and different accounts are set up for different entrusted fund assets for independent accounting,
Dimension management.
(4) The principle of checks and balances: the Trusteeship Center implements the principle of appropriate authorization and mutual restriction
In terms of setting, ensure that each secondary department and each post have clear rights and responsibilities, check each other, and adopt effective checks and balances
Eliminate blind spots in internal control.
(5) Principle of effectiveness: the Trusteeship Center has three levels of internal control management: post management, business secondary department and risk compliance department
On the basis of the model, a scientific and reasonable internal control decision-making mechanism, implementation mechanism and supervision mechanism are formed
Effective control processes and measures, establish reasonable internal control procedures, and ensure the effective implementation of internal control management
that 's ok.
(6) Principle of efficiency: internal control of the Custodian Center and fund custody scale, business scope and business operation
The risk control requirements of the link should be adapted to reduce the operating costs as much as possible, and achieve the best results with reasonable control costs
Good internal control objectives.
3. Internal control system and measures
In accordance with the Securities Investment Fund Law, the Commercial Bank Law of the People's Republic of China and other laws and regulations
The Center has formulated a set of strict and efficient rules and regulations for the custody management of securities investment funds to ensure fund custody
The business operation is standardized, safe and efficient, including the Management Measures for Asset Custody Business of Bank of Communications
Measures for Risk Management of Bank Asset Custody Business, Measures for Management of Bank of Communications Asset Custody Business System Construction
Information Disclosure System of the Asset Custody Department of Bank of Communications, Business Secret Management Regulations of the Asset Custody Business of Bank of Communications
Decision, Code of Conduct for Employees of Bank of Communications Asset Custody Business, and Archives of Bank of Communications Asset Custody Business
Interim Management Measures, and constantly improve them in accordance with market changes and the development of fund business. Do business
Rational division of labor, standardized management of technical system, institutionalized business management, closed management of core operation area
Special personnel shall be responsible for the disclosure of relevant information.
The Custody Center takes measures to guide, control and check the fund custody business in advance
Realize the risk control and management of the whole process and chain, and employ internationally famous accounting firms to manage the fund custody industry
The business operation shall conduct internal control review of international standards.
Part V Relevant Service Organizations
（1） Fund unit selling institution
1. Direct selling institution: Fuguo Fund Management Co., Ltd
Address: 27-30, Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
layer
Office address: Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
27-30 floors
Legal representative: Pei Changjiang
General Manager: Chen Ge
Date of establishment: April 13, 1999
Direct sales outlet: Direct sales center
Address of direct sales center: 27F, Building 2, Century Plaza, No. 1196, Century Avenue, Pudong New Area, Shanghai
Customer service unified hotline: 95105686, 4008880688 (national unified, toll free)
Fax: 021-20513177
Contact: Sun Di
Company website: www.fullgoal.com.cn
2. Other sales organizations
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, choose other institutions that meet the requirements to sell the Base
Jin, and publicized on the fund manager's website.
（2） Registration Authority
Name: Fullrich Fund Management Co., Ltd
Address: 27-30, Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
layer
Office address: Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
27-30 floors
Legal representative: Pei Changjiang
Date of establishment: April 13, 1999
Tel.: (021) 20361818
Fax: (021) 20361616
Contact: Xu Hui
（3） Law firm issuing legal opinion
Name: Shanghai Tongli Law Firm
Address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Office address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Person in charge: Yu Weifeng
Tel: (021) 31358666
Fax: (021) 31358600
Contact: Chen Yinghua
Handling lawyers: Liming, Chen Yinghua
（4） Accounting firm auditing fund assets
Name: Ernst&Young Huaming Certified Public Accountants (Special General Partnership)
Registered address: 16/F, Ernst&Young Building, Oriental Plaza, No. 1, East Chang'an Street, Dongcheng District, Beijing
Office address: 50/F, Global Financial Center, 100 Century Avenue, Pudong New Area, Shanghai
Executive partner: Mao Anning
Tel: 021-22288888
Fax: 021-22280000
Contact: Jiang Yanhua
Handling CPA: Jiang Yanhua, Fei Zexu
Part VI Fund Raising
The Fund Manager shall, in accordance with the Fund Law, the Operation Measures, the Sales Measures, the Fund Contract and
Other relevant regulations, the application for raising was approved by the CSRC on May 8, 2019 [2019] 883
Document registration.
The Fund is classified as bond securities investment fund.
The operation mode of the Fund is contractual open-ended.
The duration of the fund is irregular.
（1） Raising period
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
During the offering period, the Fund is open to individual investors, institutional investors, qualified foreign institutional investors and
RMB Qualified Foreign Institutional Investors are also sold. The fund manager may, according to the fund sales
Within the time limit, appropriately extend or shorten the time of fund sale, and make an announcement in a timely manner.
（2） Target
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Qualified foreign institutional investors and RMB qualified foreign institutional investors, as well as laws and regulations or permitted by the CSRC
Other investors who purchase securities investment funds.
（3） Total minimum raised shares of the Fund
The minimum total number of units raised by the Fund is 200 million.
（4） Way of sale
Through the public offering of each sales agency, the specific list of each sales agency can be found in the fund unit offering announcement and
Relevant publicity information.
（5） Subscription principle
1. When investors subscribe, they shall pay in full in the way specified by the sales agency.
2. Investors may subscribe for fund units for many times during the raising period, but the accepted subscription applications are not allowed to be withdrawn
Pin.
3. The acceptance of the subscription application by the fund sales agency does not necessarily mean that the application is successful, but only represents the sales
The institution did receive the subscription application. The confirmation of subscription shall be subject to the confirmation result of the registration authority. For subscription
Investors shall timely inquire about the application and confirmation of subscription shares and properly exercise their legal rights.
（7） Subscription fee
During the raising period, investors may subscribe to the Fund for many times, and the subscription rate shall be calculated separately for each subscription application.
The Fund's contribution to the pension customers who subscribe to the Fund through the direct marketing center and other investors
Subscription rate of the fund. The details are as follows:
The subscription rate of pension customers who subscribe the Fund through the Fund Manager's direct marketing center is shown in the following table:
Subscription amount (M) Subscription rate
M ＜ 1 million yuan 0.06%
1 million yuan ≤ M ＜ 5 million yuan 0.04%
M ≥ 5 million yuan 1000 yuan/transaction
The above specific subscription rate is applicable to pension customers who subscribe the Fund through the Company's direct marketing center, including
Including the capital raised by basic pension funds and legally established pension plans and the supplement formed by their investment and operation income
Pension funds, including: National Social Security Fund; Local social security funds that can invest in funds;
Single plan and collective plan of enterprise annuity; Asset management plan for specific clients entrusted by the enterprise annuity council;
Enterprise annuity pension products; Personal tax deferred commercial endowment insurance and other products; Pension target fund; post
Occupational pension plan.
If there are new pension fund types recognized by the pension fund supervision department in the future, the company will release the temporary
They will be included in the scope of pension customers.
In addition to the above pension customers, the subscription rates for other investors to subscribe to the Fund are shown in the table below:
Subscription amount (M) Subscription rate
M ＜ 1 million yuan 0.60%
1 million yuan ≤ M ＜ 5 million yuan 0.40%
M ≥ 5 million yuan 1000 yuan/transaction
Subscription fees are used for various fees incurred during the raising period such as marketing, sales and registration of the Fund
Used, not included in fund assets.
（8） Treatment of subscription funds and interest during subscription period
The fund manager shall deposit the funds raised during the fund raising period into a special account, and shall settle the fund raising
No one is allowed to use it before restraint. The interest generated from effective subscription funds during the raising period will be converted into fund units
It shall be owned by the fund share holder, and the transfer of interest to share shall be subject to the records of the registration authority.
（9） Calculation of Fund Subscription Units
The selling face value of the Fund units is RMB 1.00.
Fund subscription shall be in the form of amount subscription. The subscription amount of fund units includes subscription fees and net subscriptions
amount of money.
When the subscription fee is applicable to the proportional rate, the calculation method of subscription shares is as follows:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=Subscription amount - Net subscription amount
Subscription unit=(net subscription amount+subscription interest)/selling face value of fund unit
When the subscription fee is a fixed amount, the calculation method of subscription shares is as follows:
Subscription fee=fixed amount
Net subscription amount=subscription amount - subscription fee
Subscription unit=(net subscription amount+subscription interest)/selling face value of fund unit
The calculation of subscribed shares shall be reserved to 2 decimal places, and the part after 2 decimal places shall be rounded off
The gains or losses arising from this error shall be borne by the fund property.
Example 1: If an investor (non pension client) invests 100000 yuan to subscribe to the Fund, the corresponding subscription
The rate is 0.60%. Assuming that the interest generated during the raising period is 55.00 yuan, the fund units that can be subscribed are:
Net subscription amount=100000/(1+0.60%)=99403.58 yuan
Subscription fee=100000-99403.58=596.42 yuan
Subscribed shares=(99403.58+55.00)/1.00=99458.58
That is, the investor (non pension client) invested 100000 yuan to subscribe the Fund, assuming that
The interest is 55.00 yuan, and 99458.58 fund shares can be obtained.
Example 2: An investor (pension client) invested 2000000 yuan to subscribe for this through the company's direct marketing center
Fund, the corresponding subscription rate is 0.04%. Assuming that the interest generated during the raising period is 1100.00 yuan, then
The subscribed fund units are:
Net subscription amount=2000000/(1+0.04%)=1999200.32 yuan
Subscription fee=2000000-1999600.32=799.68 yuan
Subscribed shares=(1999200.32+1100.00)/1.00=2000300.32
That is, the investor (pension client) invested 2000000 yuan to subscribe the capital through the direct marketing center of the company
If the interest generated during the raising period is 1100.00 yuan, 2000300.32 fund shares can be obtained.
（10） Limitation on Fund Subscription Amount
The Fund Manager stipulates that the starting point of the subscription amount of the Fund is RMB 10 (including the subscription fee).
When an investor subscribes the Fund through a sales agency, it shall meet the minimum subscription amount limit of the Fund Manager
In addition, when the minimum amount set by the sales agency is higher than the above amount limit, investors should also follow the relevant sales
Business regulations of the organization.
The minimum amount for the fund manager's direct sales outlet to accept an initial subscription application is 50000 yuan for a single transaction
(including subscription fee), the minimum amount of additional subscription is 20000 yuan (including subscription fee) for a single transaction. Already straight
Investors who have subscribed to other funds managed by the Fund Manager at the sales outlets will not be subject to the minimum amount for initial subscription
The minimum subscription amount of a single direct sale outlet of the Fund may be adjusted by the Fund Manager at its discretion; Via base
The fund manager's online trading system handling the fund subscription business is not subject to the minimum amount of a single subscription of a direct selling outlet
The minimum amount of a single subscription for the first time is 10 yuan (including subscription fees), and the minimum amount of a single subscription for additional subscriptions
The purchase amount is 10 yuan (including subscription fee).
（11） Subscription and holding limits of fund units
If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds 50% of the total fund units,
The Fund Manager may limit the subscription application of such investor by means of proportional confirmation. fund management
The acceptance of a certain subscription application or certain subscription applications may lead investors to evade the above 50% ratio requirement in disguised form,
The Fund Manager has the right to reject all or part of such subscription applications. Number of fund units subscribed by investors
The registration authority's confirmation shall prevail after the contract comes into effect.
The Fund Manager may adjust the restrictions on the subscription of each account and the holding of fund units
Please refer to relevant announcements for details.
Part VII Effectiveness of the Fund Contract
（1） Conditions for Fund Filing
The total number of units raised in the Fund shall not be less than 200 million within three months from the date of sale of the Fund units,
If the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200
The offering period expires or the Fund Manager may decide to stop the sale of the Fund in accordance with laws, regulations and the Prospectus, and
Engage a legal capital verification institution to verify the capital within 10 days, and report to the CSRC within 10 days from the date of receiving the capital verification report
It will handle the fund filing procedures.
If the fund raising meets the conditions for fund filing, the fund manager shall complete the fund filing procedures and obtain
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the Fund Contract will not take effect. fund
The Manager shall announce the effectiveness of the Fund Contract on the next day after receiving the confirmation document from the CSRC. base
The fund manager shall deposit the funds raised during the fund raising into a special account,
No one can use it.
（2） Handling method of raised funds when the fund contract fails to take effect
If the raising period expires and the fund filing conditions are not met, the fund manager shall bear the following responsibilities:
1. Bear the debts and expenses arising from the raising with its inherent property;
2. Return the funds paid by investors within 30 days after the expiration of the fund raising period, plus the bank
Term deposit interest;
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration. base
All expenses paid by the fund manager, fund custodian and sales institution for the fund raising shall be borne by each party.
（3） Number of fund share holders and asset size within the duration of the fund
After the Fund Contract comes into force, the number of fund share holders is less than 200 for 20 consecutive working days
Or if the net asset value of the fund is less than 50 million yuan, the fund manager shall disclose it in the regular report;
In case of any of the above circumstances for 60 consecutive working days, the Fund Manager shall report to the CSRC and propose solutions
Scheme, such as changing the operation mode, merging with other funds or terminating the fund contract, and convening fund units
The shareholders' meeting shall vote.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
Part VIII Subscription and Redemption of Fund Units
（1） Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales agency will be managed by the fund manager
Listed in the prospectus or other relevant announcements. The fund manager can change or increase or decrease the sales machine according to the situation
And publicized on the fund manager's website. The fund investor shall handle the fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises or in other ways provided by the sales agency.
If the fund manager or its designated sales agency opens telephone, fax or online trading methods
People can apply for and redeem through the above methods, see the relevant announcement of the sales agency for details.
（2） Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription and redemption of fund units on the open day, and the specific handling time is Shanghai Stock Exchange
The trading hours of the Exchange and Shenzhen Stock Exchange on normal trading days, but the Fund Manager shall, in accordance with laws and regulations
Except for the suspension of subscription and redemption as required by the CSRC or the provisions of the fund contract.
After the Fund Contract comes into effect, if there is a new securities trading market, a change in the trading time of the stock exchange, or
Under other special circumstances, the Fund Manager will adjust the aforesaid opening days and hours accordingly, but
It shall be announced on the designated media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
2. Start date of subscription and redemption and business handling time
The Fund Manager shall handle the subscription within 3 months from the effective date of the Fund Agreement, and the specific business shall be handled
The processing time shall be specified in the announcement of subscription start.
The Fund Manager shall handle the redemption within 3 months from the effective date of the Fund Contract
The processing time shall be specified in the announcement of redemption commencement.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The starting time of subscription and redemption shall be announced on the designated media in accordance with the relevant provisions of the Information Disclosure Measures.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor puts forward the subscription, redemption or conversion on a date and time other than that specified in the fund contract
If the application is made and the registration authority confirms its acceptance, the subscription and redemption price of the fund units shall be the fund units on the next open day
Purchase and redemption prices.
（3） Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices are based on the net value of fund units calculated after the closing of the application day
Calculate for reference;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager;
4. Redemption follows the principle of "first in, first out", that is, it is carried out in the order of investors' subscription and subscription
redeem;
5. The Fund Manager has the right to determine the maximum amount of the Fund held by the Fund Unitholders and the total amount of the Fund
Scale limit, but shall be specified in accordance with the relevant provisions of the Information Disclosure Measures at the latest before the implementation of the new limit
Announcement on the media;
6. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that the investment
The legitimate rights and interests of the investors shall not be damaged and shall be treated fairly.
The Fund Manager may adjust the above principles if permitted by laws and regulations. Fund manager
It must be announced on the designated media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation of the new rules.
（4） Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption.
When subscribing for fund units, investors shall prepare sufficient subscription funds in the manner prescribed by the sales agency
When submitting the redemption application, there must be sufficient fund unit balance, otherwise the submitted application for subscription and redemption has no
It is valid but not concluded.
Documents to be submitted by investors when handling subscription, redemption and other businesses, as well as handling procedures, handling time and handling
On the premise of complying with the provisions of the fund contract and the prospectus, the specific provisions of each sales agency are
Accurate.
2. Payment of subscription and redemption funds
When subscribing for fund units, the investor must pay the subscription amount in full within the specified time
Subscription funds, subscription establishment; The subscription takes effect when the fund share registration authority confirms the fund share.
The redemption is established when the fund unit holder submits the redemption application; When the fund share registration institution confirms the redemption,
Redemption takes effect. After the investor's redemption application takes effect, the fund manager will pay the redemption within T+7 days (including that day)
Repayment. In case of major redemption or other suspension of redemption or deferred payment of redemption amount specified in the fund contract
Under such circumstances, the payment method shall be handled with reference to the relevant provisions of the fund contract.
In case of data transmission delay, communication system failure, bank data exchange system failure
Or other factors beyond the control of the fund manager and the fund custodian affect the business process
The payment time shall be postponed accordingly.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription or
On the redemption application date (T day), under normal circumstances, the Fund's registration institution will be effective for the transaction within T+1 day
Sex. For the valid application submitted on T day, the investor should arrive at the sales network in time after T+2 day (including that day)
Click the counter or inquire about the confirmation of the application in other ways specified by the sales agency. If the subscription is unsuccessful or invalid,
The subscription amount shall be returned to the investor. If the relevant laws and regulations and the CSRC provide otherwise
Execution.
The acceptance of the application for subscription and redemption by the fund sales agency does not necessarily mean that the application is successful, but only represents that
The sales agency has received the application for subscription and redemption. The confirmation of subscription and redemption is based on the confirmation result of the registration authority
Shall prevail. For the confirmation of the application, investors should timely inquire and properly exercise their legal rights.
The Fund Manager may, within the scope permitted by laws and regulations, not cause damage to the interests of Fund Unitholders
On the premise of damage, adjust the rules such as the time and method of handling the above business. The Fund Manager shall
Before the implementation of the rules, they shall be announced in the designated media in accordance with the relevant provisions of the Information Disclosure Measures.
（5） Quantity limit of subscription and redemption
1. The Fund Manager stipulates that the minimum amount of a single subscription of the Fund is 1 yuan (including the subscription fee),
When an investor subscribes the Fund through a sales agency, in addition to meeting the minimum subscription amount limit of the Fund Manager,
When the minimum amount set by the sales agency is higher than the above amount limit, investors should also follow the relevant sales agency
Business regulations.
The minimum amount for the first subscription of a single account of a direct sales outlet is 50000 yuan (including the subscription fee)
The minimum amount of additional subscription is 20000 yuan (including subscription fee) for a single transaction; The fund has been in the direct sales outlets
Investors with subscription records are not subject to the minimum amount of initial subscription. Investors from other sales outlets want to transfer in
The transaction of a direct selling outlet shall be subject to the minimum subscription amount of the direct selling outlet. Fund income distributed by investors in the current period
The conversion of profits into fund units shall not be subject to the minimum subscription amount. Through the fund manager's online trading system
The fund subscription business is not limited by the minimum amount of a single subscription of a direct selling outlet. The minimum amount of a single subscription is
RMB 1 (including subscription fee). The Fund Manager may adjust the minimum subscription amount of the Fund according to market conditions
Eh.
Investors can subscribe for multiple times, but the number of fund units held by a single investor shall not reach or exceed the number of fund units
50% of the total amount (passively reaching or exceeding 50% due to redemption of fund shares and other circumstances during fund operation
Except for).
2. When the fund unit holder redeems the fund at the sales institution, each redemption application for the fund shall not be less than
0.01 fund shares. Basis retained by fund unit holders at the sales institution (outlet) at the time of redemption or after redemption
If the balance of gold shares is less than 0.01 shares, it is necessary to apply for redemption in one time. However, each sales agency
If there are other provisions on the minimum share balance of the account, the business provisions of each sales agency shall prevail.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor in total. For details, please refer to
See the updated prospectus or related announcements.
4. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units
The fund manager shall set the upper limit of the amount of subscription of a single investor or the upper limit of the net subscription proportion of a single day of the fund, and refuse to
The legal rights and interests of the holders of stock fund units shall be effectively protected by taking measures such as super large purchase and suspension of fund purchase.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. See the relevant announcement of the Fund Manager for details.
5. The Fund Manager may adjust the above specified subscription amount and redemption shares if permitted by laws and regulations
The quantity limit of the amount. The fund manager must comply with the relevant provisions of the Information Disclosure Measures before the implementation of the adjustment
Announce on the designated media.
（6） Subscription fees and redemption fees
1. Subscription rate
Investors shall pay subscription fees when subscribing for the Fund units. Applicable if investors have multiple subscriptions
The rates are calculated separately for each transaction.
The Fund's contribution to the pension customers who purchase the Fund through the direct marketing center and other investors
Rate of application for different facilities. The details are as follows:
See the following table for the subscription rates of pension customers who subscribe to the Fund through the Fund Manager's direct marketing center:
Subscription amount (M) Subscription rate
M ＜ 1 million yuan 0.08%
1 million yuan ≤ M ＜ 5 million yuan 0.05%
M ≥ 5 million yuan 1000 yuan/transaction
Note: The above specific subscription rate is applicable to pension customers who subscribe to the Fund through the Company's direct marketing center,
Including the funds raised by basic pension funds and legally established pension plans, as well as the compensation formed by the income from investment and operation
It is used as pension fund, including: National Social Security Fund; Local social security base that can invest in funds
Gold; Single plan and collective plan of enterprise annuity; Asset management of specific clients entrusted by the enterprise annuity council
Plan; Enterprise annuity pension products; Personal tax deferred commercial endowment insurance and other products; Pension target base
Gold; Occupational pension plan.
If there are new pension fund types recognized by the pension fund supervision department in the future, the company will release the temporary
They will be included in the scope of pension customers.
In addition to the above pension customers, the subscription rates of other investors for the Fund are shown in the table below:
Subscription amount (M) Subscription rate
M ＜ 1 million yuan 0.80%
1 million yuan ≤ M ＜ 5 million yuan 0.50%
M ≥ 5 million yuan 1000 yuan/transaction
The Fund's subscription fees are not included in the Fund's assets and are mainly used for the Fund's market promotion, sales, registration, etc
Various expenses incurred during the raising period.
2. Redemption rate
(1) The redemption expenses shall be borne by the fund unit holders who redeem the fund units. Capital subscribed (applied for) by investors
The redemption rate corresponding to the fund decreases with the holding time. The redemption rate is shown in the table below:
Holding time (N) Redemption rate
N ＜ 7 days 1.50%
7 days ≤ N ＜ 30 days 0.10%
N ≥ 30 days 0.00%
(Note: The holding time of redeemed units shall be calculated from the date of confirmation by the registration authority.)
(2) Redemption expenses shall be borne by the fund unit holders who redeem the fund units
It is collected when the fund units are returned.
The redemption fee charged to investors with a continuous holding period of less than 7 days will be fully included in the fund property; Antithesis
Investors with a continuous holding period of no less than 7 days will include 25% of the total redemption fee in the fund property, not in the fund
Part of the property is used to pay registration fees and other necessary handling fees.
3. The Fund Manager may adjust the rate or charging method within the scope agreed in the Fund Contract and shall, at the latest
In accordance with the relevant provisions of the Information Disclosure Measures on the designated media before the implementation date of the new rate or charging method
Notice.
4. The Fund Manager may, in accordance with the market
Make fund promotion plans and carry out fund promotion activities regularly or irregularly. During the fund promotion period
On the premise that there is no material adverse impact on the interests of the holders of stock fund units
The fund manager may appropriately lower the fund subscription rate and the fund redemption rate after fulfilling the necessary procedures, and
Make an announcement.
（7） Calculation of subscription units and redemption amount
1. Calculation of subscription shares
When the subscription fee applies to the proportional rate, the calculation method of the subscription share is as follows:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=Subscription amount - Net subscription amount
Subscription unit=net subscription amount/net value of fund unit on subscription date
When the subscription fee is a fixed amount, the calculation method of subscription share is as follows:
Subscription fee=fixed amount
Net subscription amount=subscription amount - subscription fee
Subscription unit=net subscription amount/net value of fund unit on subscription date
The above calculation results are rounded to 2 decimal places
The losses shall be borne by the fund property.
Example 3: If an investor (non pension client) invests 40000 yuan to subscribe the Fund, the corresponding subscription
The rate is 0.80%. Assuming that the net value of fund units on the day of subscription is 1.0400 yuan, the subscription units available to it
For:
Net subscription amount=40000/(1+0.80%)=39682.54 yuan
Subscription fee=40000-39682.54=317.46 yuan
Subscription shares=39682.54/1.0400=38156.29
That is, the investor (non pension client) invests 40000 yuan to subscribe the Fund, assuming that the subscription is based on the
The net value of gold shares is 1.0400 yuan, and 38156.29 fund shares can be obtained.
Example 4: An investor (pension client) invested 2000000 yuan to purchase the capital through the company's direct sales center
Fund, the corresponding subscription rate is 0.05%. Assuming that the net value of fund units on the day of subscription is 1.0400 yuan, then
The subscription shares available to them are:
Net subscription amount=2000000/(1+0.05%)=1999000.50 yuan
Subscription fee=200000-1999000.50=999.50 yuan
Subscription shares=1999000.50/1.0400=1922115.87
That is, the investor (pension client) invested 2000000 yuan to purchase the capital through the direct marketing center of the company
If the net value of fund units on the day of subscription is 1.0400 yuan, 1922115.87 fund units can be obtained.
2. Calculation of redemption amount
The redemption amount is calculated as follows:
Total Redemption Amount=Redemption Units × Net Value of Fund Units on the Redemption Date
Redemption fee=total redemption amount × redemption rate
Net redemption amount=total redemption amount - redemption expense
The above calculation results are rounded to 2 decimal places
The losses shall be borne by the fund property.
Example 5: An investor redeems 10000 fund shares of the Fund on T day, assuming that the fund shares on the day of redemption
The net value is 1.2500 yuan, the holding time is 20 days, and the corresponding redemption rate is 0.10%
The amount returned is calculated as follows:
Total redemption amount=1.2500 × 10000=12500.00 yuan
Redemption fee=12500.00 × 0.10%=12.50 yuan
Redemption amount=12500.00 － 12.50=12487.50 yuan
That is, investors redeem 10000 fund units of the Fund for 20 days, assuming that the redemption is
If the daily net value of fund units is 1.2500 yuan, the redemption amount available is 12487.50 yuan.
3. Calculation of the net value of the Fund units:
The net value of the Fund units shall be calculated to the fourth decimal place and the fifth decimal place shall be rounded off
The income or loss arising therefrom shall be borne by the fund property. Net value of fund units on T day after the close of the day
Calculate and announce within T+1 days. In case of special circumstances, the calculation can be postponed or
Notice. If the relevant laws and regulations and the CSRC provide otherwise, the provisions shall prevail.
If the subscription or redemption of investors is confirmed according to the net value of shares with the above reserved digits, it may cause
If the net value of fund units fluctuates sharply, in order to safeguard the interests of fund unit holders, the fund manager and the fund are entrusted
After consensus, the reserve number of the net value of fund units can be temporarily increased and confirmed, and
It will be restored after recognition, and the specific number of reserved digits shall be subject to the announcement at that time.
4. Calculation of subscription shares and processing method of balance:
The effective unit of subscription is the net subscription amount divided by the net value of fund units on the current day,
The above calculation results shall be rounded to 2 decimal places, resulting in gains or losses
It shall be borne by the fund property.
5. Calculation and handling method of redemption amount:
The redemption amount is the effective redemption unit actually confirmed multiplied by the net value of the fund unit on that day and deducted by the corresponding
The unit of redemption amount is yuan. The above calculation results are rounded to 2 decimal places
The profits or losses arising therefrom shall be borne by the fund property.
6. In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism,
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws, regulations and supervision
Provisions of departments and self-discipline rules.
（8） Refusal or suspension of subscription
In case of the following circumstances, the Fund Manager may refuse or suspend accepting the subscription application of investors:
1. The fund cannot operate normally due to force majeure.
2. The Fund Manager may suspend the acceptance of investment when the valuation of the Fund assets is suspended as stipulated in the Fund Contract
Subscription application of investors. The assets with more than 50% of the net asset value of the fund on the current valuation date are not available for reference
When the market price is higher and the use of valuation techniques still leads to significant uncertainty in the fair value
After consultation and confirmation, the Fund Manager shall take measures to suspend the acceptance of the Fund subscription application.
3. The trading time of the stock exchange is abnormally closed, which causes the fund manager to be unable to calculate the fund assets of the day
Net worth.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The fund asset scale is too large, which makes the fund manager unable to find suitable investment varieties, or other possible
It has a negative impact on the performance of the Fund, or other circumstances that damage the interests of existing fund share holders occur.
6. The Fund Manager, the Fund Custodian, the Fund Sales Agency or the Registrar's abnormal conditions lead to the Fund
The sales system, fund registration system or fund accounting system cannot operate normally.
7. The Fund Manager's acceptance of certain or certain subscription applications may result in a single investor holding shares of the Fund
The proportion of the amount reaches or exceeds 50%, or evades 50% concentration in disguised form.
8. The application exceeds the total fund size, the upper limit of the net subscription ratio per day, and the single investment set by the fund manager
The upper limit of a person's daily or single subscription amount.
9. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend the subscription in any of the above circumstances (1, 2, 3, 5, 6 and 9)
When an investor applies for subscription, the fund manager shall publish the suspension of subscription on the designated media in accordance with relevant regulations
Notice. If the investor's application for subscription is rejected in whole or in part, the rejected subscription amount will be returned to
investor. When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
（9） Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure.
2. The Fund Manager may suspend the acceptance of investment in the event that the valuation of the Fund assets is suspended as stipulated in the Fund Contract
The investor's redemption application or deferred payment of redemption money. Assets with more than 50% of the net asset value of the fund on the current valuation date
There is no active market price for reference and the use of valuation techniques still leads to significant uncertainty in fair value
The Fund Manager shall, after consultation and confirmation with the Fund Custodian, postpone the payment of redemption money or temporarily
Measures to stop accepting fund redemption applications.
3. The trading time of the stock exchange is abnormally closed, which causes the fund manager to be unable to calculate the fund assets of the day
Net worth.
4. Huge redemption occurs for two or more consecutive open days.
5. In the event that continuing to accept the redemption application will damage the interests of existing fund unit holders
The manager may suspend accepting the redemption application of the fund unit holder.
6. Other circumstances specified by laws and regulations or recognized by the CSRC.
When one of the above circumstances occurs and the Fund Manager decides to suspend the redemption or postpone the payment of redemption money, the Fund
The Manager shall report to the CSRC for filing on the same day, and the Fund Manager shall pay in full the confirmed redemption application;
If the payment cannot be made in full for the time being, the payable part shall be distributed according to the proportion of the application amount of a single account in the total application amount
To the redemption applicant, the unpaid part can be deferred, and the specific calculation standard will be determined by the fund manager at that time
Notice. In case of the situation described in item 4 above, it shall be handled according to the relevant provisions of the fund contract. Fund share holding
When applying for redemption, a person may choose to cancel the part that may not be accepted on that day in advance. In case of suspension of redemption
When the situation is eliminated, the Fund Manager shall resume the redemption business in a timely manner and make an announcement.
（10） Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units in the conversion and the total number of transfer in application units in the fund conversion
If the balance exceeds 10% of the total fund shares on the previous opening day, it is considered that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption or partial deferred redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors
Execution of normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks it is difficult to pay the investor's redemption application or thinks
The realization of property due to the payment of redemption application of investors may cause large fluctuations in the net asset value of the fund
If the redemption ratio accepted by the fund manager on the same day is not less than 10% of the total fund shares on the previous open day
The remaining redemption applications can be postponed. For the redemption application on the current day, it shall be redeemed as a single account
The proportion of the application volume in the total redemption application volume, and determine the redemption units accepted on the current day; For the part that cannot be redeemed, invest
The investor can choose to postpone or cancel the redemption when submitting the redemption application. If you choose to postpone redemption, it will automatically
Transfer to the next business day to continue redemption until all redemption; Those who choose to cancel redemption are not accepted on the same day
Some redemption applications will be cancelled. The deferred redemption application shall be processed together with the redemption application on the next open day,
The redemption amount is calculated on the basis of the net value of the fund units on the next open day without priority, and so on until
Redemption in full. If the investor fails to make a clear choice when submitting the redemption application, the investor fails to redeem the part
Carry out automatic deferred redemption. Some deferred redemptions are not limited by the minimum amount of single redemption.
If the fund is redeemed in a large amount, the redemption application of a single fund unit holder on the same day exceeds the previous open day
In the case of 20% of the total fund shares, the fund manager may postpone the application for redemption. In case of such extension
To handle, first confirm the proportion of all redemption applications on the day, that is, redeem according to a single account
The proportion of the amount of redemption applications in the total amount of redemption applications, and the redemption shares to be accepted on the current day shall be calculated; For the above redemption on the same day
The redemption application of fund share holders whose redemption application exceeds 20% of the total fund shares on the previous open day can be made on the same day
The second proportion confirmation shall be conducted based on the redemption units to be accepted, and the unconfirmed redemption application can be postponed
Processing. The deferred redemption application will be processed together with the redemption application on the next business day, without priority, and will be opened as follows
The redemption amount shall be calculated on the basis of the net value of the daily fund units, and so on, until all the funds are redeemed.
(3) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as the fund manager
If it deems necessary, it may suspend accepting the redemption application of the Fund; The accepted redemption application can postpone the payment of redemption
The repayment shall not exceed 20 working days and shall be announced on the designated media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
And publish an announcement on the designated media within 2 days.
（11） Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall
The relevant regulations shall publish a notice of suspension on the designated media.
2. When the suspension ends and the fund is reopened for subscription or redemption, the fund manager shall
In accordance with the relevant provisions of the Law of the People's Republic of China, the announcement of subscription or redemption of the reopening of funds shall be published on the designated media; It can also be based on
The actual situation shall specify the time of reopening subscription or redemption in the suspension announcement, and no further announcement will be made at that time
Open announcements.
（12） Fund conversion
The Fund Manager may decide to open the Fund and the Fund in accordance with relevant laws and regulations and the provisions of the Fund Contract
For the conversion business between other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion
The relevant rules shall be formulated and announced by the fund manager in accordance with the relevant laws and regulations and the provisions of the fund contract, and
To inform the fund custodian and relevant institutions.
（13） Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
The application for share transfer through the trading place or trading method recognized by the CSRC shall be handled by the registration authority
Manage the transfer registration of fund units. If the Fund Manager intends to accept the transfer of fund units, it will make an announcement in advance,
Fund unit holders shall handle the transfer of fund units in accordance with the business rules announced by the Fund Manager.
（14） Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
The resulting non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations. whether
Under any of the above circumstances, the subject receiving the transfer must be an investment that can hold the fund shares of the Fund according to law
People.
Inheritance refers to the death of the fund unit holder, and the fund units held by him shall be inherited by his legal successor;
Donation means that fund share holders donate their legally held fund shares to welfare foundations or society
Group; Judicial enforcement means that the judicial authority holds the fund share holders
The share of the fund is forcibly transferred to other natural persons, legal persons or other organizations. Funds must be provided for non transaction transfer
Relevant materials required to be provided by the registration authority shall be subject to the fund registration authority for qualified non transaction transfer applications
And charge fees according to the standards stipulated by the fund registration authority.
（15） Custody transfer of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
（16） Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. The investor can agree on the amount of deduction in each period when handling the fixed investment plan
The amount must not be less than the regular quota specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
（17） Freezing and unfreezing of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations. If the fund shares are frozen,
The rights and interests generated by the frozen part are frozen at the same time, and the shares of the frozen part still participate in income distribution and payment. method
Unless otherwise specified by laws and regulations or regulatory authorities.
If relevant laws and regulations allow the fund manager to handle other fund businesses of fund units, the fund manager
The corresponding business rules will be formulated and implemented.
Part IX Investment of the Fund
（1） Investment objectives
Strive to achieve investment return beyond performance benchmark in the long term under the premise of strict control of investment risk
Newspaper.
（2） Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including those legally issued and listed domestically
Bond assets (government bonds, local government bonds, government supported institutional bonds, financial bonds, corporate bonds
Central bank notes, non-financial enterprise debt financing instruments (including but not limited to medium-term notes, short-term financing bonds, and super
Short-term financing bonds), subordinated debt, etc.), bond repurchase, asset-backed securities, bank deposits (negotiated deposits
Known deposits, time deposits, etc.), inter-bank deposit receipts, money market instruments, laws and regulations or the CSRC's permission
Other financial instruments invested by Xu Fund (subject to the relevant provisions of the CSRC).
The Fund does not buy stocks or warrants, nor invest in convertible bonds and exchangeable bonds. Investment of the Fund
The portfolio proportion is: the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets, cash or maturity
The total investment proportion of government bonds within one year shall not be less than 5% of the net asset value of the fund, of which cash shall not
Including settlement provisions, deposits and subscription receivables.
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
（3） Investment strategy
The Fund will, within the investment scope agreed in the fund contract
Research on monetary and fiscal policies, national industrial policies and capital market capital environment, and actively grasp the macro economy
Economic development trend, interest rate trend, relative yield of bond market, liquidity and credit level of securities
Combined with quantitative analysis method, determine the assets in non credit fixed income securities (treasury bonds, central bank bills, etc.)
And credit fixed income securities.
1. Duration strategy:
The Fund will investigate the dynamic changes and expected changes of market interest rates, as well as the factors related to interest rate changes
Track and analyze, and then formulate corresponding adjustment plans for the duration and position structure of the bond portfolio to reduce
The impact of low interest rate changes on the portfolio. The fixed income team of the Fund Manager will regularly
The structure shall be predicted, and the corresponding duration target shall be formulated. When the expected market interest rate level will rise, it shall be appropriately reduced
Duration of the portfolio; When the market interest rate is expected to decline, the duration of the portfolio should be appropriately increased. In order to make use of the market
The purpose of improving the yield of bond portfolio is to adjust the volatility of bond rate and the duration of bond portfolio.
2. Term structure strategy:
By predicting the shape and change trend of the yield curve, the duration of various types of bonds is allocated; When receiving
When it is difficult to judge the trend of the yield curve, reference the duration of the sample bonds of the benchmark index to build a portfolio duration to ensure that the portfolio
The return exceeds the benchmark return. Specifically, it can be divided into riding strategies that track the yield curve and riding strategies based on the yield curve
Curve changing bullet strategy, barbell strategy and ladder strategy.
(1) Ride strategy: when the yield curve is steep, that is, when the interest margin between adjacent terms is large, buy
Bonds with maturity at the steep part of the yield curve can obtain capital through the decline of the yield of bonds
Gains.
(2) Bullet strategy: it focuses the bond duration in the portfolio on the yield curve, which is applicable to
When the yield curve is steep; The barbell strategy is to focus the duration of bonds in the portfolio on two aspects of the yield curve
End, applicable to butterfly changes where the two ends of the yield curve decline more than the middle; Ladder strategy is to make investment
The bond duration in the portfolio is evenly distributed on the yield curve, which is suitable for the horizontal movement of the yield curve.
3. Generic configuration policy:
The Fund's credit risk, tax level, market liquidity and market for different types of fixed income varieties
Analyze risk and other factors, and study the treasury bonds, financial bonds, corporate bonds, exchanges and inter-bank markets with the same maturity
The interest margin and change trend of market investment varieties, and formulate the allocation strategy of bond categories to obtain
The investment income brought by the change of inter interest margin.
4. Credit bond investment strategy:
The main factors affecting the yield of credit varieties are the benchmark yield of interest rate varieties and the credit spread. credit spread
It is a source of higher income for credit products compared with interest rate products such as national debt and central bank bills. Main credit spreads
Affected by two aspects, one is the market average credit spread level of the corresponding credit rating of bonds, the other is
The aspect is the credit status of the issuer itself.
The overall credit spread level of the credit bond market and the credit status of the credit bond issuers will change
It has an important impact on the spread level of individual credit bonds. Therefore, on the one hand, the Fund will
The overall change of credit spreads is considered in many aspects, such as national policies, industry prosperity and the supply and demand of the bond market
Trend; On the other hand, the Fund will also focus on internal credit rating, supplemented by external credit rating, namely
Using internal and external credit research and rating system, study the fundamentals of the main enterprise issuing bonds to determine the enterprise
The actual credit status of the owner's corporate debt.
5. Spread income investment strategy
The Fund will consider the risk and return of bond investment, financing costs and other factors,
To earn a certain interest margin through inter-bank market financing within the scope of controllable risks and laws and regulations
profit.
6. Individual coupon mining strategy
This part of the strategy emphasizes the importance of the company's value mining, and the risks in the industry cycle characteristics and company fundamentals
On the basis of characteristics, formulate the target strategy of absolute rate of return, identify companies with valuation advantages and improved fundamentals,
We will adopt a highly decentralized strategy, focus on the distribution of advantageous bonds, and strive to increase the space for portfolio excess returns.
7. Asset backed securities investment strategy
The pricing of asset-backed securities is subject to market interest rate, liquidity, terms of issue, composition of underlying assets and
Quality, prepayment rate and other additional terms. The Fund will divide
On the basis of analysis, market liquidity analysis and credit rating support, supplemented by bond varieties such as government bonds and corporate bonds
And prudently invest in asset-backed securities assets.
（4） Investment decision-making and trading mechanism
1. The Fund implements the fund manager responsibility system under the leadership of the investment decision-making committee.
The Investment Decision making Committee is responsible for determining the allocation proportion of the Fund's major assets, the benchmark duration of the portfolio, and the repurchase
And other major investment decisions.
The fund manager formulates and implements specific investment strategies within the investment scope determined by the investment decision-making committee,
Issue investment instructions to the centralized trading room.
The centralized trading room sets up traders who are responsible for executing investment orders, and
Timely feedback to fund managers on issues such as the impact of changes in the scene on the execution of orders, and can put forward suggestions based on the market
Specific recommendations. The centralized trading room is also responsible for the monitoring of various investment restrictions, as well as the assets of the Fund and the company's flag
Control of fair transactions between other funds under the.
2. Investment procedures
The Investment Decision making Committee is responsible for making major decisions on the investment of the Fund. The fund manager shall, within the scope of authorization
Formulate and implement specific portfolio plans. The centralized trading room is responsible for executing investment instructions.
(1) The fund manager shall, according to the market trend, operation pattern and characteristics, and in combination with the fund contract and investment
Style the investment strategy report.
(2) The investment strategy report is submitted to the investment decision-making committee. The investment decision-making committee approves and decides the fund
Investment proportion, distribution proportion of major assets, benchmark duration of portfolio, repurchase proportion and other important matters.
(3) The fund manager determines the final asset distribution proportion and portfolio benchmark according to the approved investment strategy
Investment distribution mode of futures and individual bonds, etc.
(4) Track the invested varieties and dynamically adjust the investment portfolio.
（5） Performance Benchmark
The benchmark for the performance comparison of the Fund is the yield of the comprehensive full price (total value) index of Chinese bonds.
Reasons for the Fund to select the above performance benchmark:
The China Bond Comprehensive Full Price (Gross Value) Index is a comprehensive counter index prepared by the Central Government Securities Depository and Clearing Co., Ltd
The cross market bond index of the inter-bank bond market and the Shanghai and Shenzhen Stock Exchanges bond market is reflected, and the index sample is from the inter-bank bond market
Treasury bonds, financial bonds, corporate bonds, medium-term notes, short-term financing bonds
Corporate bonds, etc. According to the investment scope and investment proportion of the Fund, the above performance benchmark can be selected
To reasonably reflect the risk return characteristics of the Fund.
If the future laws and regulations change, or there is a more authoritative and widely accepted performance ratio
The Fund Manager may
In accordance with the principle of safeguarding the legitimate rights and interests of investors, the Fund Custodian shall negotiate with the Fund Custodian and report to the CSRC for filing
After the case, the performance benchmark should be adjusted appropriately and announced in a timely manner, without the need to convene a general meeting of fund share holders.
（6） Risk return characteristics
The Fund is a bond fund, whose expected return and expected risk level are higher than those of money market funds, and lower than
Hybrid funds and equity funds.
（7） Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The Fund's investment proportion in bonds shall not be less than 80% of the Fund's assets;
(2) Keep no less than 5% of the net asset value of the fund in cash or government bonds with a maturity of less than one year,
Cash does not include provisions for settlement, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds managed by the Fund Manager hold securities issued by one company, which shall not exceed
10%, and the fund variety that invests in securities in full accordance with the composition proportion of the relevant index may not be subject to this clause
Specified proportional limit;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of net asset value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities;
(8) Various asset support certificates of all funds managed by the Fund Manager invested in the same original equity holder
Securities shall not exceed 10% of the total size of its various types of asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall be re evaluated
All of them will be sold within 3 months from the date of release of the level report;
(10) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of gold, and the maximum term of bond repo in the national inter-bank market is one year,
No extension is allowed after the maturity of bond repurchase;
(11) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Discrepancy of funds due to factors other than fund managers such as fluctuations in the securities market and changes in fund size
If the proportion limit is met, the Fund Manager shall not actively increase the investment of liquidity restricted assets;
(12) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
(13) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(14) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Except for the situations in (2), (9), (11) and (12) above, due to the fluctuation of the securities market, the securities issuer
Factors other than the fund manager, such as merger and fund size change, result in the fund investment proportion not meeting the above provisions
The fund manager shall adjust the investment proportion within 10 trading days, but the special
Except in special circumstances. Where laws and regulations provide otherwise, such provisions shall prevail.
The Fund Manager shall, within six months from the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the fund contract. During the above period, the investment scope and investment strategy of the Fund shall conform to the basic
The agreement of the gold contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager shall
After performing the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions or the adjusted provisions.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager shall
After due process, the investment of the Fund will no longer be subject to relevant restrictions or the changed regulations.
（8） Principles and methods for the Fund Manager to exercise creditors' rights on behalf of the Fund
1. The Fund Manager shall independently exercise the creditor's rights on behalf of the Fund in accordance with the relevant provisions of the State, and protect the shares of the Fund
The interests of the holder;
2. It is conducive to the safety and appreciation of fund assets;
3. Not for itself, employees, authorized agents or any interested third party through connected transactions
Seeking any improper benefits.
Part X Assets of the Fund
（1） Total Fund Assets
The total value of fund assets refers to the value of various securities and notes purchased, the principal and interest of bank deposits and the amount receivable by the fund
The total value of fund subscription and other investments.
（2） Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
（3） Account of fund property
The Fund Custodian shall open capital accounts and securities accounts for the Fund in accordance with relevant laws, regulations and normative documents
And other special accounts required for investment. Special fund account opened, fund manager and fund custody
The property accounts owned by the fund sales agency, the fund registration agency and other fund property accounts are independent.
（4） Custody and disposal of fund assets
The assets of the Fund are independent of the assets of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and
Custody by the gold custodian. The Fund Manager, the Fund Custodian, the Fund Registration Agency and the Fund Sales Agency shall
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
Part XI Valuation of Fund Assets
（1） Valuation date
The valuation date of the Fund is the trading date of the relevant securities exchange of the Fund and the national laws and regulations
The non trading day on which it is necessary to disclose the net value of the fund.
（2） Valuation object
Assets and liabilities such as bonds, bank deposit principal and interest, receivables and other investments owned by the Fund.
（3） Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
1. For investment varieties that have an active market and can obtain quotations for the same assets or liabilities, there are
In case of quotation, the quotation shall be applied to the asset or
Fair value measurement of liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
For major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence that the valuation date or
If the quotation on the latest trading day cannot truly reflect the fair value, the quotation shall be adjusted to determine the fair value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
2. For investment varieties that do not have an active market, they should be suitable and profitable under current conditions
The fair value is determined by valuation techniques supported by data and other information. When using valuation techniques to determine the fair value,
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained or
The unobservable input value can be used only when it is impracticable.
3. If the economic environment changes significantly or the securities issuer has a major event that affects the securities price
If the impact of potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation shall be
Adjust and determine the fair value.
（4） Valuation method
1. Valuation of fixed income varieties traded in stock exchanges
(1) The bonds listed on the Exchange for net price trading (unless otherwise specified) shall be evaluated by the third party on the evaluation date
The net price of the corresponding variety provided by the valuation agency shall be evaluated.
(2) The bonds listed on the Exchange but not traded at net price shall be withdrawn according to the closing price on the valuation date or the third-party valuation agency
The estimated full price of the corresponding varieties on the current day minus the bond closing price or the bond interest receivable included in the estimated full price
The obtained net price is estimated; There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
In case of major events, the closing price of bonds on the latest trading day or that of the corresponding varieties provided by a third-party valuation agency
The net price obtained by subtracting the closing price of bonds or the interest receivable of bonds included in the full valuation price shall be valued.
If the economic environment has changed significantly since the latest trading day or the securities issuer has a significant impact on the securities price
In case of an event, the current market price and major change factors of similar investment varieties can be referred to to adjust the recent transaction market price,
Determine the fair value.
(3) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques.
The fair value of asset-backed securities listed on the exchange is determined by valuation technology, which is difficult to be reliable
In case of measurement of fair value, it shall be valued at cost.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) For the initial public offering of unlisted bonds, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost.
(2) For unlisted or unlisted bonds issued in the exchange market, and for the existence of an active market
In this case, the unadjusted quotation in the active market shall be taken as the fair value on the valuation date; For active market reports
If the price fails to represent the fair value on the valuation date, the market quotation shall be adjusted to confirm the fair value on the valuation date
Allowable value; If there is no active market or few market activities, valuation techniques should be used to determine
Fair value.
3. For fixed income varieties without rights in the national inter-bank market
The estimated net price of the corresponding variety on the current day. For the types of fixed income with rights in the inter-bank market
The only estimated net price or the recommended estimated net price on the current day of the corresponding varieties provided by the valuation agency. For investment included
For the fixed income variety of the investor's right to sell back, if the right to sell back is not exercised after the deadline of the registration period (including the date)
The valuation is based on the price corresponding to the long waiting period. Not listed in the inter-bank market, and the third-party valuation agency is not
There is no significant difference between the issuance interest rate and the secondary market interest rate for bonds with valuation price
If there is no major change in the market interest rate, it shall be valued at cost.
4. If the same bond is traded in two or more markets at the same time, it shall be valued separately according to the market in which the bond is located.
5. Valuation method of deposits
Time deposits or call deposits held by banks are listed as principal, and the total interest listed according to the deposit agreement
Or the agreed interest rate accrues interest every natural day. In case of early withdrawal or interest rate change, account adjustment shall be carried out as required
Whole.
6. The Fund may adopt the valuation price provided by a third-party valuation agency in accordance with the above fair value determination principles
Grid data.
7. If there is conclusive evidence that the fair value cannot be objectively reflected by the above method
The Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
8. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to ensure
To ensure the fairness of fund valuation.
9. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items, press
The latest national regulations on valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the results of the calculation of the net value of the Fund to the public, thereby providing information to the Fund Unitholders and
The loss caused by the Fund and the loss caused by the error of deferring the calculation of the net asset value of the Fund on the trading day shall be determined by
The fund manager is responsible for compensation.
（5） Valuation procedures
1. The net value of fund units is divided by the net value of fund assets after the market is closed on each working day by the fund units on that day
The balance quantity is calculated to the nearest 0.0001 yuan and rounded to the fifth decimal place. The fund manager can
Establish an emergency adjustment mechanism for net worth accuracy in the case of large redemption. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net value of the Fund assets and the net value of the Fund units every working day, and make an announcement in accordance with the provisions.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, the Fund Manager shall, in accordance with laws, regulations or
Except when the valuation is suspended as stipulated in the fund contract. After the Fund Manager evaluates the assets of the Fund every working day, it will
The net value of fund units is sent to the Fund Custodian, and after the Fund Custodian has checked and found no error, the Fund Manager shall
Public announcement.
（6） Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the valuation error occurs within 4 decimal places (including the 4th decimal place) of the net value of fund units,
It shall be deemed that the net value of fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss shall assess the direct loss of the party ("the injured party") who suffered losses due to the valuation error as follows:
Value error handling principle ".
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred but has not caused losses to the parties, the party responsible for the valuation error shall promptly
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner. but
The party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained the unjust enrichment does not return or
If the interests of other parties are lost due to the failure to fully return the unjust enrichment (the "injured party"), the party responsible for the valuation error shall
Compensate for the losses of the injured party, and share with the party who gains improper benefits within the compensation amount paid
Have the right to demand the delivery of unjust enrichment; If the party who obtained the unjust enrichment has wrongly benefited this part
If it is returned to the injured party, the injured party shall add the amount of compensation it has received to the amount of unjust enrichment it has received
The difference between the sum of returns and the actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) According to the principle of handling valuation errors or the method negotiated by the parties
Line assessment;
(3) The responsible party for valuation errors shall make corrections according to the principle of handling valuation errors or the method negotiated by the parties
Zhenghe compensates for losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors, the Fund shall
The registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the Fund Manager shall immediately correct it and notify the Fund Manager
And take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of fund units, the fund manager shall notify the fund custodian
And report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of fund units, the fund manager shall
Announce and report to the CSRC for record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions.
（7） Suspension of valuation
1. When the securities trading market involved in the Fund's investment is closed on statutory holidays or for other reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure;
3. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
And if the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After that, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by the CSRC and the fund contract.
（8） Recognition of net fund value
The fund manager is responsible for calculating the net asset value of the fund and the net value of the fund units used for the disclosure of fund information,
The Fund Custodian shall be responsible for the review. The Fund Manager shall calculate the basis of the day after the end of trading on each open day
The net value of gold assets and the net value of fund units shall be sent to the fund custodian. The Fund Custodian's reply to the net value calculation result
After confirmation, it will be sent to the fund manager, who will publish the net value of the fund.
（9） Handling of special cases
1. Errors caused by the Fund Manager and the Fund Custodian when conducting valuation according to Item 7 of the valuation method
Not to be treated as an error in the valuation of fund assets;
2. Data error sent by the stock exchange and its registration and clearing company, or other force majeure
The Fund Manager and the Fund Custodian have
If necessary, appropriate and reasonable measures are taken for inspection, but the error is not found
The Fund Manager and the Fund Custodian may be exempted from liability for compensation in case of errors in the valuation of gold assets. But the fund manager
The Fund Custodian shall actively take necessary measures to mitigate or eliminate the impact caused thereby.
Part XII Income and Distribution of the Fund
（1） Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
（2） Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized benefits.
（3） Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the Fund Manager can carry out
Income distribution. The specific distribution plan shall be subject to the announcement. If the Fund Contract takes effect less than 3 months ago, it may not be carried out
Income distribution;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Dividends or automatically convert cash dividends into fund shares for reinvestment; If the investor does not choose, the Fund will default
The way of income distribution is cash dividends;
3. After the distribution of fund income, the net value of fund units cannot be lower than the par value, that is, the basis on the base date of fund income distribution
The net value of gold units less the amount of income distribution per unit of fund units cannot be lower than the par value;
4. Each fund share has the same distribution right;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
（4） Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund income as of the base date of income distribution
Distribution object, distribution time, distribution amount and proportion, distribution method, etc.
（5） Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian within 2 days
Specify media announcements.
（6） Expenses incurred in fund income distribution
The dividend reinvestment method is adopted for income distribution, and the reinvestment fee is exempted.
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. Dang Tou
When the cash dividend of the investor is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund shall register
A bookkeeping institution may automatically convert the cash dividends of fund share holders into fund shares. Calculation method of dividend reinvestment
Law, in accordance with the Business Rules.
Part XIII Fund Fees and Taxes
（1） Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Information disclosure fees related to the Fund after the Fund Contract takes effect;
4. Accounting fees, attorney fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect;
5. Expenses for the general meeting of fund share holders;
6. Securities transaction expenses of the Fund and expenses arising from the investment of the Fund;
7. Bank transfer fees of the Fund;
8. Securities account opening fee and account maintenance fee;
9. Other fees that may be disbursed from the Fund assets in accordance with the relevant provisions of the State and the Fund Contract
Use.
（2） Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at the annual fee rate of 0.30% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 0.30% ÷ Days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is accrued daily, accumulated day by day to the end of each month, and paid monthly
The financial data that is consistent with the fund manager will be automatically checked according to the designated account within the first 5 working days of the next month
The path is a one-time payment from the fund property, and the fund manager does not need to issue a transfer instruction. In case of legal holidays
Days, public holidays, etc., the payment date shall be postponed.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.10% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.10% ÷ Days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated day by day to the end of each month, and paid monthly
The financial data that is consistent with the fund manager will be automatically checked according to the designated account within the first 5 working days of the next month
The path is a one-time payment from the fund property, and the fund manager does not need to issue a transfer instruction. In case of legal holidays
Days, public holidays, etc., the payment date shall be postponed.
Items 3 to 9 of the above "I. Types of fund fees" shall be subject to relevant laws and regulations and corresponding agreements
Yes, it shall be included in the current expenses according to the actual amount of expenses, and the Fund Custodian shall participate in it according to the instructions of the Fund Manager
It shall be paid from the fund property according to the industry practice.
（3） Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses or funds incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations
Loss of gold property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to the relevant laws and regulations and the relevant provisions of the CSRC.
（4） Cost adjustment
To raise the fund management rate and fund custody rate, a general meeting of fund share holders must be convened for deliberation (legal
Unless otherwise specified in the regulations or the CSRC or the fund contract). The fund manager must be no later than the new rate
Prior to implementation, an announcement shall be published on the designated media in accordance with the relevant provisions of the Information Disclosure Measures.
（5） Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok. The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
Part XIV Accounting and Audit of the Fund
（1） Fund accounting policy
1. The Fund Manager is the fund accounting responsible party of the Fund;
2. The accounting year of the Fund is from January 1 to December 31 of the Gregorian calendar year; The first fund raising meeting
The accounting year shall follow the following principles: if the Fund Contract takes effect less than 2 months, it can be incorporated into the next accounting year
Degree disclosure;
3. The bookkeeping base currency for fund accounting is RMB yuan, and the bookkeeping unit is RMB yuan;
4. The accounting system shall implement the relevant national accounting system;
5. The Fund establishes accounts and accounts independently;
6. The Fund Manager and the Fund Custodian respectively keep complete accounting accounts and vouchers and conduct daily meetings
Accounting and preparation of fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month and
It shall be confirmed in other ways agreed in the custody agreement or agreed by both parties.
（2） Annual audit of the Fund
1. The Fund Manager shall employ securities and futures that are mutually independent from the Fund Manager and the Fund Custodian
Certified public accountants with relevant business qualifications and their certified public accountants shall audit the annual financial statements of the Fund.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. replace
The accounting firm shall make announcement on the designated media within 2 days.
Part XV Information Disclosure of the Fund
（1） The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Relevant laws and regulations
In case of any change in the disclosure provisions, the Fund shall comply with its latest provisions.
（2） Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
The fund share holders and their daily institutions of the general meeting are subject to the laws, administrative regulations and the provisions of the CSRC
People, legal persons and unincorporated organizations.
The information disclosure obligor of the Fund takes the protection of the interests of fund share holders as the fundamental starting point, and in accordance with the law
Disclose fund information in accordance with regulations and the provisions of the CSRC, and ensure the authenticity, accuracy
Completeness, timeliness, simplicity and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
Through the national newspapers and periodicals designated by the CSRC (hereinafter referred to as "designated newspapers and periodicals") and designated Internet websites
(hereinafter referred to as "designated website") and other media, and ensure that fund investors can
Consult or copy publicly disclosed information at the agreed time and in the agreed manner.
（3） The Fund information disclosed by the Fund Information Disclosure Obligor shall not commit the following acts:
1. False records, misleading statements or major omissions;
2. To predict the performance of securities investment;
3. Committing gains or bearing losses in violation of regulations;
4. Slander other fund managers, fund custodians or fund sales agencies;
5. Publish congratulatory, complimentary or recommendatory words of any natural person, legal person or unincorporated organization;
6. Other acts prohibited by the CSRC.
（4） The information publicly disclosed by the Fund shall be in Chinese. If the foreign language version is used at the same time, the fund
The obligor of information disclosure shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts
The text shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the currency unit is RMB
Yuan.
（5） Publicly disclosed fund information
The publicly disclosed fund information includes:
1. Fund Prospectus, Fund Contract, Fund Custody Agreement, Fund Product Information Summary
(1) The Fund Contract defines the rights and obligations of the parties to the Fund Contract
The rules and specific procedures for convening the general meeting of fund share holders, specifying the characteristics of the fund products and other matters related to fund investment
Legal documents on matters of major interests of the investors.
(2) The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors,
Explain fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure and information disclosure
Disclose the services of fund share holders. After the Fund Contract comes into effect, the information of the Fund Prospectus will be released
In case of any major change, the Fund Manager shall update the Fund Prospectus and publish it in
On the designated website; If other information in the prospectus changes, the fund manager shall update it at least once a year
Times. If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
(3) The Fund Custody Agreement defines the fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
(4) The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product data summary has changed significantly
The fund manager shall update the summary of fund product information and publish it on the designated website within three working days
Website or business outlet of the fund sales agency; In case of any change in other information of the fund product information summary
The gold manager shall be updated at least once a year. If the fund terminates its operation, the fund manager will no longer update the fund product assets
Material summary.
After the application for fund raising has been registered by the CSRC, the fund manager shall, within three days of the sale of the fund units
The announcement of the sale of fund units, the indicative announcement of the prospectus and the indicative announcement of the fund contract
It shall be published in the designated newspapers and periodicals, including the fund unit offering announcement, fund prospectus, fund product information summary
The fund contract and fund custody agreement are published on the designated website, and the summary of fund product information is published on the fund
Website or business outlet of sales agency; The fund custodian shall simultaneously publish the fund contract and the fund custody agreement
On the specified website.
2. Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units on the specific matters concerning the sale of fund units, and
The prospectus was published on the designated media on the day of disclosure.
3. Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall publish the Fund Agreement in the designated newspapers and websites on the next day after the Fund Agreement takes effect
The same as the effective announcement.
4. Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of fund units and the cumulative net value of fund units shall be disclosed at least once a week on the designated website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose the fund shares on the opening day through the designated website, fund sales agency website or business outlet
Net value and cumulative net value of fund units.
The Fund Manager shall disclose the semi annual report on the designated website no later than the next day after the last day of the semi annual report and the annual report
Net value of fund units and accumulated net value of fund units on the year and the last day of the year.
5. Subscription and redemption price of fund units
The Fund Manager shall specify the Fund units in the Fund Contract, Prospectus and other information disclosure documents
Calculation method of subscription and redemption price and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the sales institution looks up or copies the above information.
6. Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the designated website, and the advisory announcement of the annual report is published on the designated newspaper. Fund year
The financial and accounting report of the report shall be reviewed by an accounting firm with securities and futures related business qualifications
Count.
The Fund Manager shall, within two months from the end of the first half of the year, prepare the interim report of the Fund and
The interim report is published on the designated website, and the indicative announcement of the interim report is published on the designated newspaper.
The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter,
Publish the quarterly report on the designated website, and publish the prompt announcement of the quarterly report on the designated newspaper.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic report or annual report.
If a single investor holds 20% or more of the total fund shares during the reporting period,
In order to protect the rights and interests of other investors, the Fund Manager shall at least regularly report "
The category of the investor, the shares held at the end of the reporting period and the proportion of the investor in the reporting period are disclosed under "other important information"
Changes in holdings and unique risks of the Fund, except for special circumstances recognized by the CSRC.
The Fund Manager shall disclose the fund portfolio assets and their flows in the Fund's annual report and interim report
Dynamic risk analysis, etc.
7. Interim report
If a major event occurs to the Fund, the relevant information disclosure obligor shall prepare an interim report within 2 days,
And published on the designated newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
The following events with significant impact:
(1) The convening and decisions of the general meeting of fund share holders;
(2) The Fund Contract is terminated and the Fund is liquidated;
(3) Conversion of fund operation mode and fund merger;
(4) Change of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
(5) The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: the Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation, review and other matters of the Fund on its behalf;
(6) The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
(7) The Fund Manager changes the actual control of shareholders holding more than 5% of the equity and the Fund Manager
Person change;
(8) The fund raising period is extended or the fund raising is terminated in advance;
(9) Senior management of the fund manager, fund manager and special fund custody department of the fund custodian
The person in charge changes;
(10) If the directors of the Fund Manager have changed by more than 50% in the last 12 months, the Fund Manager
The main business personnel of the special fund custody department of the fund custodian have changed by more than one percent in the last 12 months
Thirty;
(11) Litigation or arbitration involving fund management business, fund property and fund custody business;
(12) The fund manager or its senior managers and fund managers are subject to
In case of major administrative punishment or criminal punishment, the Fund Custodian or the head of its special fund custody department shall
Conduct related to business management subject to major administrative punishment and criminal punishment;
(13) The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company with a significant stake in it or securities underwritten during the underwriting period,
Or engage in other major connected transactions, unless otherwise stipulated by the CSRC;
(14) Fund income distribution matters;
(15) Accrual standards, methods and rates of management fees, custody fees, subscription fees, redemption fees and other fees
Change occurs;
(16) The valuation error of the net value of fund units reaches 0.5% of the net value of fund units;
(17) The Fund begins to handle subscription and redemption;
(18) The Fund is redeemed in large amount and postponed;
(19) The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
(20) The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
(21) Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption
Hour;
(22) The Fund Manager adopts the swing pricing mechanism for valuation;
(23) The fund information disclosure obligor believes that it may affect the interests of fund unit holders or fund units
Other matters that have a significant impact on prices or other matters specified by the CSRC.
8. Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund shares or cause major fluctuations, and may damage the fund shares
If the rights and interests of the relevant information disclosure obligor are known, it shall immediately make public clarification on the information,
And immediately report the relevant information to the CSRC.
9. Resolution of the general meeting of fund share holders
The matters decided by the general meeting of fund unit holders shall be reported to the CSRC for record and announced in accordance with the law.
10. Liquidation report
If the fund contract is terminated, the fund manager shall organize a fund assets liquidation team to conduct a review of the fund assets in accordance with the law
Bank liquidation and make liquidation report. The fund assets liquidation team shall publish the liquidation report on the designated website,
And publish the suggestive announcement of the liquidation report on the designated newspaper.
11. Investment in asset-backed securities
When the Fund invests in asset-backed securities, the Fund Manager shall disclose its holdings in the Fund's annual report and interim report
The total amount of some asset-backed securities, the proportion of the market value of asset-backed securities in the net assets of the fund, and all
Details of asset-backed securities. The fund manager shall disclose the asset support certificate held by it in the quarterly report of the fund
The proportion of total bonds, market value of asset-backed securities in the net assets of the fund and the proportion of market value in the net assets of the fund at the end of the reporting period
Details of the top 10 asset-backed securities ranked by proportion.
12. Other information specified by the CSRC.
（6） Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Senior management is responsible for managing information disclosure.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information of the CSRC
The disclosure content and format standards and other regulations.
The Fund Custodian shall comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net value of fund assets, net value of fund units, purchase and redemption price of fund units
Fund periodic report, updated prospectus, summary of fund product information, fund liquidation report, etc
The disclosed relevant fund information shall be reviewed and verified, and confirmed in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the designated newspapers to disclose the information of the Fund.
The fund manager and the fund custodian shall submit the funds to be disclosed to the fund electronic disclosure website of the CSRC
Information, and ensure the authenticity, accuracy, integrity and timeliness of the information submitted.
In addition to disclosing information on designated media according to law, the Fund Manager and the Fund Custodian may also, as required
Disclose information in other public media, but other public media shall not disclose information earlier than the designated media, and
The content of the same information disclosed on different media shall be consistent.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
Business institutions shall prepare working papers and keep relevant files at least 10 years after the termination of the Fund Contract.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on investment
From the perspective of providing useful information when making decisions, we should ensure that investors are treated fairly, not mislead investors, and not affect the
Under the premise of normal investment operation, independently improve the quality of information disclosure services. The specific requirements shall meet the requirements of
Relevant provisions of the CSRC and self regulatory rules. In case of information disclosure fees arising from the aforesaid independent disclosure, such fees shall not
It may be disbursed from the fund assets.
（7） Storage and reference of information disclosure documents
After the release of the information that must be disclosed according to law, the Fund Manager and the Fund Custodian shall comply with the relevant laws and regulations
The regulations require that information be kept in their respective residences for public reference and reproduction.
（8） Suspension or delay of disclosure of fund related information
The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related letters in the following circumstances
Information:
1. Force majeure;
2. When the securities trading market involved in the Fund's investment is closed on statutory holidays or for other reasons;
3. Laws and regulations, fund contract or the situation stipulated by the CSRC.
（9） Information disclosure of the Fund shall be subject to the provisions of laws and regulations and the provisions of this chapter.
Part XVI Risk Disclosure
（1） Main risks of investing in the Fund
1. Market risk
The price of the securities market is affected by various factors such as economic factors, political factors, investment psychology and trading system
The fluctuation caused by the impact will have potential risks on the Fund's assets, mainly including:
(1) Policy risk
Changes in national policies such as monetary policy, fiscal policy and industrial policy have a certain impact on the securities market
It will lead to market price fluctuation and risk due to impact on fund income.
(2) Business cycle risk
The stock market is the barometer of the national economy, and the economic operation has the characteristics of periodicity. Macroeconomic operation
Bank conditions will have an impact on the return level of the securities market, resulting in risks.
(3) Interest rate risk
Interest rate fluctuations in the financial market will lead to changes in the price and yield of the bond market, and will directly affect the enterprise
The financing cost and profit level of the industry. Therefore, the level of fund investment return will be affected by the change of interest rate.
(4) Purchasing power risk
If inflation occurs, the income obtained by the Fund from investing in securities may be offset by inflation,
This will affect the maintenance and appreciation of fund assets.
2. Credit risk
Credit risk refers to the settlement default of the fund in the transaction process, or the issuer of the bonds invested by the fund
Breach of contract and refusal to pay due principal and interest lead to loss of fund assets.
3. Risk of bond yield curve change
The risk of bond yield curve change refers to the risk related to the non parallel movement of the yield curve
The duration index does not fully reflect the existence of this risk.
4. Reinvestment risk
Reinvestment risk reflects the impact of interest rate decline on the reinvestment income of fixed income securities interest income
And the price risk (that is, the interest rate risk mentioned above) brought by the rise of interest rate. Specifically, when
When the interest rate drops, the Fund will obtain
Less yield.
5. Managing risk
In the process of fund management and operation, the fund manager may have
Incorrect or incomplete information will affect the return level of the fund. Management water of fund manager and fund custodian
Equity, management means and management technology have an impact on the fund income level.
6. Operational or technical risk
It refers to the defects in internal control or human factors of the relevant parties during the operation of each business link
Risks caused by operational errors or violations of operating procedures, such as unauthorized transactions, fraud by the accounting department
Fraud, transaction error, IT system failure and other risks.
In various trading activities or backstage operations of the Fund, it may be due to the failure or poor technical system
Wrong and affect the normal conduct of transactions or affect the interests of investors. This technical risk may come
From fund managers, registration institutions, sales institutions, securities/futures exchanges, securities/futures registration and clearing institutions
wait.
7. Compliance risk
It refers to the violation of national laws and regulations or fund investment in the process of fund management or operation
Risks related to regulations and fund contract.
8. Fund valuation risk
It refers to the risk that the daily fund valuation may be wrong.
9. Liquidity risk
On all open days of the Fund, the Fund Manager is obliged to accept the redemption of investors. If the fund
Assets cannot be quickly converted into cash, or the net value of capital will be adversely affected when converted into cash
It affects fund operation and income level. Especially in case of huge redemption, if the liquidity of fund assets is poor,
It may cause difficulties in the adjustment of fund positions, lead to liquidity risks, and may affect the net value of fund shares.
(1) Fund subscription and redemption arrangements
See "Part VIII Subscription and Redemption of Fund Units" in this Prospectus for details of the subscription and redemption arrangements of the Fund
Back to chapter ".
(2) Liquidity risk assessment of the market, industry and assets to be invested by the Fund
1) The investment market of the Fund is mainly the stock exchange and the national inter-bank bond market with good liquidity
The main investment objects are financial instruments with good liquidity
The principle of diversified investment does not have the characteristics of high concentration in terms of individual bonds. Under the normal market environment, the Fund's
Good liquidity.
2) From the perspective of investment restrictions, the Fund contract stipulates: "The Fund actively invests in liquidity restricted assets
The total market value shall not exceed 15% of the net asset value of the fund; Funds due to fluctuations in the securities market and changes in fund size
If the fund does not meet the limit of this proportion due to factors other than the manager, the fund manager shall not actively increase liquidity
Investment in sexually restricted assets; " The proportion of the Fund's liquidity restricted assets is set in accordance with the Liquidity Risk Management Regulations
Decision.
To sum up, the liquidity of the proposed investment market and assets of the Fund is good, and the liquidity risk is relatively controllable.
(3) Liquidity risk management measures in the case of huge redemption
When the Fund has a huge redemption, the Fund Manager will make internal decisions and work with the Fund Custodian
After consensus, a variety of liquidity risk management tools will be used to appropriately adjust the redemption application to cope with
Liquidity risk, protecting the interests of fund share holders, including but not limited to:
1) Delaying the application for massive redemption;
2) Suspend accepting redemption application;
3) Suspend the payment of redemption money;
4) Other measures approved by the CSRC.
See "(X)" in "Part VIII Subscription and Redemption of Fund Units" of the Prospectus for specific measures
The situation and handling method of massive redemption ".
(4) Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
The Fund Manager may, after consultation with the Fund Custodian and on the premise of ensuring that investors are treated fairly
In accordance with laws and regulations and the fund contract, comprehensive use of various liquidity risk management tools
Please make appropriate adjustments as auxiliary measures for liquidity risk management of fund managers under specific circumstances, including
Including but not limited to:
1) Extension of redemption application
See "(X)" in "Part VIII Subscription and Redemption of Fund Units" of the Prospectus for specific measures
The situation and handling method of massive redemption ".
2) Suspend the acceptance of redemption application or suspend the payment of redemption money
See "(IX)" in "Part VIII Subscription and Redemption of Fund Units" of the Prospectus for the above specific measures
Suspension of redemption or delay of payment of redemption money ".
3) Collection of short-term redemption fee
Investors with a continuous holding period of less than 7 days will be charged a redemption fee of not less than 1.5%, and the above redemption fee will be
It shall be included in the fund property in full.
4) Suspend fund valuation
There is no active market price available for reference for the assets with more than 50% of the net asset value of the fund on the current valuation date, and
When the adoption of valuation techniques still leads to significant uncertainty in the fair value, after consultation and confirmation with the Fund Custodian,
The Fund Manager shall suspend the valuation of the Fund and suspend the payment of redemption funds or the acceptance of the purchase and redemption of the Fund
Measures for returning the application.
5) Swing pricing
In case of large purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure that
To ensure the fairness of fund valuation, the specific handling principles and operating specifications shall comply with relevant laws and regulations, as well as the regulatory authorities
Self discipline rules.
10. Unique risks of the Fund
(1) The Fund is a bond fund that invests in bond assets (national debt, local government bonds, government expenditure
Holding institutional bonds, financial bonds, corporate bonds, corporate bonds, central bank bills, non-financial corporate debt financing instruments (including
(including but not limited to medium-term notes, short-term financing bonds, ultra short-term financing bonds), subordinated bonds)
80% of assets; Cash (excluding settlement provisions, deposits, subscription receivables, etc.) or due
Government bonds with a daily life of less than one year shall not be less than 5% of the net asset value of the fund. Therefore, the Fund needs to bear the responsibility for
Interest rate risk caused by market interest rate fluctuation and issuance of credit varieties such as corporate bonds, corporate bonds, medium-term notes, etc
The credit risk caused by the credit deterioration of the debtor; If the bond market falls as a whole, it will not be completely avoided
Systematic risk of bond market.
(2) Investment risk of asset-backed securities
The Fund's investment scope includes asset-backed securities. There are credit risks and interest rate risks in asset-backed securities
Insurance, liquidity risk, prepayment risk, operational risk and legal risk.
1) Credit risk, also known as default risk, refers to the commitment made by the participants of asset-backed securities to them
Possible losses caused by breach of various contracts. In a simple sense, credit risk is represented by securitized assets
The cash flow generated by the asset cannot support the timely payment of principal and interest, which brings losses to investors.
2) Interest rate risk refers to that as a kind of fixed income securities, asset-backed securities also have interest rate risk,
That is, the risk that the price of asset-backed securities is subject to adverse changes in interest rate fluctuations.
3) Liquidity risk refers to the risk that asset-backed securities cannot be realized quickly and at a low cost.
4) Prepayment risk means that if the debtor has the right to repay before the expiration of the product
The possibility of investors suffering losses due to prepayment.
5) Operational risk refers to the risk caused by operational errors or violations of operating procedures by relevant parties in the course of business operations
Risk caused.
6) Legal risk refers to the fact that the transaction structure of asset-backed securities is complex, there are many participants, and the transaction documents
There are many legal risks and performance risks.
11. Value added tax in the process of fund property investment and operation
In view of the fact that the Fund Manager may invest and use the Fund property for the benefit of the Fund due to legal reasons
The investment income, investment return and/
Or the principal bears the tax liability. Therefore, VAT and other taxes incurred during the operation of the Fund due to the above reasons
Negative, which is still borne by the Fund's assets. At that time, the Fund Manager and the Fund Custodian may
Directly paid by the account, or transferred to the manager's account and completed the tax application from the fund manager according to the requirements of the tax department
Submit for payment.
12. The risk return characteristics of the Fund's legal documents may not be consistent with the fund risk assessment of the sales agency
Risk of
The statements on risk return characteristics in the investment section of the Fund's legal documents are based on the investment scope and investment ratio
Examples, general rules of the securities market, etc., represent the long term
Risk return characteristics of the period. Sales institutions (including fund manager direct sales institutions and other sales institutions) shall comply with relevant laws
Laws and regulations evaluate the risk of the Fund. Different sales agencies adopt different evaluation methods. Therefore
The risk rating evaluation of the selling institution may be different from the expression of the risk return characteristics in the fund legal documents
When purchasing the Fund, the investor shall complete the balance between risk tolerance and product risk according to the requirements of the sales agency
Matching inspection.
（2） Statement
1. The Fund is not guaranteed by any government, institution or department at any level. Investors voluntarily invest in the Fund,
The investment risk must be borne by oneself.
2. The Fund is publicly offered through the Fund Manager's direct sales outlets and designated fund sales agencies
Neither the manager nor the fund sales agency can guarantee the safety of its income or principal.
Part XVII Change and Termination of Fund Contract and Liquidation of Fund Assets
（1） Changes to the Fund Contract
1. The change of the fund contract involves the provisions of laws and regulations or the fund contract shall be subject to the general meeting of fund share holders
If a resolution is passed, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations and
The Fund Manager and the Fund shall
After the custodian agrees, the change shall be announced and reported to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective, and shall not be executed until
The resolution shall be announced in the designated media within two days after it takes effect.
（2） Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the fund manager and the fund custodian are terminated, and there are no new fund managers or new funds within 6 months
Undertaken by the gold custodian;
3. Other circumstances stipulated in the Fund Contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
（3） Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the fund liquidation.
2. Composition of the fund assets liquidation group: the members of the fund assets liquidation group are entrusted by the fund manager and the fund
Persons, certified public accountants and lawyers with securities and futures related business qualifications, and persons designated by the CSRC
Member composition. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct external audit on the liquidation report
To issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is restricted
If the liquidation cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation,
The liquidation expenses shall be paid by the Fund Assets Liquidation Team in priority from the Fund assets.
（5） Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
（6） Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The report on the liquidation of the fund assets has been issued with
Certified public accountants with relevant business qualifications shall audit and the legal opinion shall be issued by the law firm and then submitted to the certificate of China
The Regulatory Commission shall put on record and make an announcement. The fund assets liquidation announcement shall be made after the fund assets liquidation report is submitted to the CSRC for filing
The Fund assets liquidation group shall make an announcement within working days.
（7） Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 15 years.
Part XVIII Summary of the Fund Contract
（1） Rights and obligations of fund share holders, fund managers and fund custodians
1. Rights and obligations of fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the Fund Contract,
The fund investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. The Fund Unitholders shall serve as the Fund Unitholders
The parties to the Fund Contract shall not be required to sign or seal the Fund Contract in writing.
Each fund unit has the same legal rights and interests.
(1) According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
1) Share the fund property income;
2) Participate in the distribution of the remaining fund assets after liquidation;
3) Transferring or applying for redemption of fund units held by them according to law;
4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
5) Attend or appoint representatives to attend the general meeting of fund unit holders and review the general meeting of fund unit holders
Exercise the right to vote on the matter;
6) Consulting or copying publicly disclosed fund information;
7) To supervise the investment operation of the Fund Manager;
8) To lodge a legal complaint against the acts of the fund manager, the fund custodian and the fund service institution that damage their legitimate rights and interests
Litigation or arbitration;
9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
(2) According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
1) Carefully read and abide by the Fund Contract, Prospectus and other information disclosure documents;
2) Understand the fund products invested, understand their own risk tolerance, and independently judge the investment value of the fund,
Make investment decisions and bear investment risks independently;
3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
5) It is limited to bear fund losses or terminate the Fund Contract within the scope of fund units held by it
Responsibility;
6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
7) Implement the effective resolutions of the general meeting of fund share holders;
8) Return the improper gains obtained for any reason in the course of fund transactions;
9) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
2. Rights and obligations of the Fund Manager
(1) According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include
But not limited to:
1) Raising funds according to law;
2) As of the effective date of the Fund Contract, it shall be independently applied and managed in accordance with laws and regulations and the Fund Contract
Managing the fund assets;
3) Collect fund management fees in accordance with the Fund Contract and those prescribed by laws and regulations or approved by the CSRC
other expenses;
4) Sale of fund shares;
5) Convene the general meeting of fund unit holders in accordance with the provisions;
6) Supervise the Fund Custodian in accordance with the Fund Contract and relevant laws and regulations
If it violates the Fund Contract and relevant national laws and regulations, it shall be reported to the CSRC and other regulatory authorities, and
Take necessary measures to protect the interests of fund investors;
7) Nominate a new Fund Custodian when the Fund Custodian changes;
8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency;
9) Served as or entrusted other qualified institutions to act as fund registration agencies to handle fund registration business and obtained
Obtain the fees specified in the Fund Contract;
10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
11) Reject or suspend the acceptance of subscription and redemption applications within the scope agreed in the Fund Contract;
12) Exercise the rights arising from the investment of fund assets in securities for the benefit of the Fund in accordance with laws and regulations;
13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
14) In the name of the Fund Manager, on behalf of the interests of the Fund Unitholders, exercise the right of litigation
Performing other legal acts;
15) Select and replace law firms, accounting firms, securities brokers or other providers of funds
External institutions of services;
16) Formulate and adjust relevant fund subscription, subscription and redemption on the premise of compliance with relevant laws and regulations
Business rules such as return, conversion and non transaction transfer;
17) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
(2) According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include
But not limited to:
1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle funds
Sale, subscription, redemption and registration of shares;
2) Handling the fund filing procedures;
3) From the effective date of the Fund Contract, the Fund shall be managed and applied in the principle of good faith, prudence and diligence
Gold property;
4) Allocate sufficient personnel with professional qualifications to conduct fund investment analysis and decision-making
To manage and operate the fund assets in a business mode;
5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure that
The assets of the fund under management and the assets of the fund manager are independent of each other, and the different funds under management are managed separately,
Separate bookkeeping and securities investment;
6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used to
They or any third party shall not entrust any third party to operate the fund property for their own benefit;
7) Accept the supervision of the Fund Custodian according to law;
8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
Comply with the provisions of the Fund Contract and other legal documents, calculate and publish the net value of the Fund in accordance with the relevant provisions, and confirm that
To fix the price for subscription and redemption of fund units;
9) Conduct fund accounting and prepare fund financial accounting reports;
10) Prepare quarterly report, interim report and annual report;
11) Perform information disclosure and reporting in strict accordance with the Fund Law, the Fund Contract and other relevant provisions
Obligation to sue;
12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclose to others;
13) Determine the fund income distribution plan as agreed in the Fund Contract, and timely report to the fund share holders
Distribution of fund income;
14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
15) Convene a general meeting of fund unit holders in accordance with the Fund Law, the Fund Contract and other relevant provisions
Or cooperate with the Fund Custodian and the Fund Unitholders to convene a general meeting of the Fund Unitholders in accordance with the law;
16) Keep accounting books, statements, records and other relevant information of fund property management business activities as required
Data more than 15 years;
17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and ensure that
The securities investors can check the funds related companies at any time according to the time and method specified in the Fund Contract
Open documents and obtain copies of relevant documents at reasonable cost;
18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation and change of fund assets
Present and distribution;
19) In case of dissolution, cancellation or bankruptcy according to law, timely report to the CSRC and
Notify the Fund Custodian;
20) Loss of fund assets or damage to the legitimate rights of fund share holders due to violation of the Fund Contract
Yishi shall bear the liability for compensation, and its liability for compensation shall not be exempted by his retirement;
21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall be the Fund Unitholder
The interests shall be recovered from the Fund Custodian;
22) When the Fund Manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the conduct of affairs;
23) In the name of the Fund Manager, exercise litigation rights or implement other actions on behalf of the Fund Unitholders
Legal act;
24) The Fund Manager fails to meet the filing conditions of the Fund during the raising period, and the Fund Contract cannot take effect,
The Fund Manager shall bear all the raising expenses and raise the raised funds in the Fund together with the bank deposit interest for the same period
Return to the fund subscriber within 30 days after the end of the set period;
25) Implement the effective resolutions of the general meeting of fund share holders;
26) Establish and maintain the register of fund unit holders;
27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
3. Rights and obligations of the Fund Custodian
(1) According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include
But not limited to:
1) As of the effective date of the Fund Contract, it shall be kept safely in accordance with laws, regulations and the provisions of the Fund Contract
Fund assets;
2) Obtaining fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
other expenses;
3) Supervise the investment operation of the Fund Manager in the Fund. If the Fund Manager is found to have violated the Fund Agreement
And national laws and regulations, which have caused significant losses to the fund property and the interests of other parties,
It shall report to the CSRC and take necessary measures to protect the interests of fund investors;
4) In accordance with the relevant market rules, open capital accounts, securities accounts and other investment accounts for the Fund
The Fund handles the clearing of securities trading funds;
5) Propose to convene or convene a general meeting of fund unit holders;
6) Nominate a new fund manager when the fund manager changes;
7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
(2) According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
1) Holding and safekeeping fund assets in the principle of good faith and diligence;
2) Set up a special fund custody department, have a business site that meets the requirements, and be equipped with sufficient and qualified funds
Full time personnel familiar with fund custody business shall be responsible for fund property custody matters;
3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure
The safety of the fund property, to ensure the fund property under its custody, the fund custodian's own property and different funds
Property independence; Set up separate accounts for different funds under custody, conduct independent accounting, separate account management, and ensure
The different funds are mutually independent in terms of account setting, fund transfer, account book recording, etc;
4) Except in accordance with the Fund Law, the Fund Contract, the Custody Agreement and other relevant provisions
Use the fund assets to seek benefits for themselves and any third party, and may not entrust a third party to trust the fund assets;
5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
6) Open fund accounts, securities accounts and other accounts required for investment of fund assets as required, and
As agreed in the Contract and the Custody Agreement, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager
Matters;
7) Keep fund business secrets, except for the Fund Law, the Fund Contract, the Custody Agreement and other relevant matters
Unless otherwise specified in the regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others
Except those provided by external professional consultants such as legal consultants;
8) Review and review the net fund asset value, net fund share value and fund share application calculated by the fund manager
Purchase and redemption price;
9) To handle information disclosure related to fund custody business activities;
10) Give opinions and explanations on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund
Whether the operation of the Fund Manager in all important aspects is strictly in accordance with the provisions of the Fund Contract and the Custody Agreement
conduct; If the Fund Manager fails to implement the provisions of the Fund Contract and the Custody Agreement, it shall also
State whether the Fund Custodian has taken appropriate measures;
11) Keep records, account books, statements and other relevant materials of fund custody business activities for more than 15 years;
12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
13) Prepare relevant account books as required and check with the fund manager;
14) Pay fund income and redemption to fund share holders in accordance with the instructions of the fund manager or relevant regulations
Repayment;
15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law;
16) Supervise the investment of the Fund Manager in accordance with laws and regulations, the Fund Contract and the Custody Agreement
Capital operation;
17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and distribution of fund assets
Matching;
18) In the face of dissolution, legal revocation or bankruptcy declaration, timely report to the CSRC and
The banking regulatory authority and notify the fund manager;
19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
The appointment shall not be removed due to his retirement;
20) Supervise the Fund Manager to perform its obligations in accordance with laws and regulations and the Fund Contract,
The Fund Manager shall be in the interests of the Fund Unitholders when it causes losses to the Fund's assets due to its violation of the Fund Contract
Claim compensation from the Fund Manager;
21) Implement the effective resolutions of the general meeting of fund share holders;
22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
（2） Procedures and Rules for Convening, Deliberating and Voting of the General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Each fund share held by the fund share holder
We have equal voting rights.
The general meeting of the Fund unit holders does not set up a daily institution.
1. Reason for convening
(1) When one of the following events occurs or needs to be decided, a general meeting of fund unit holders shall be convened
Unless otherwise stipulated by laws and regulations and the CSRC:
1) Terminate the Fund Contract;
2) Change the fund manager;
3) Change the Fund Custodian;
4) Change the operation mode of the fund;
5) Raise the remuneration standards of fund managers and fund custodians;
6) Change of fund category;
7) The merger of the Fund with other funds;
8) Change the investment objective, scope or strategy of the Fund;
9) Change the procedures of the general meeting of fund unit holders;
10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
11) Fund units that individually or collectively hold more than 10% (including 10%) of the total fund units
The holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) requests in writing for the same matter
To call a general meeting of fund unit holders;
12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
13) Holding of fund units shall be held as required by laws and regulations, the Fund Contract or the CSRC
Matters of the General Meeting.
(2) Within the scope stipulated by laws and regulations and the Fund Contract and for the interests of fund share holders
On the premise that there is no material adverse effect, the following circumstances may be modified by the Fund Manager and the Fund Custodian after consultation:,
It is not necessary to convene a general meeting of fund share holders:
1) Reduce other expenses that should be borne by the Fund;
2) Collection of fund fees increased as required by laws and regulations;
3) Adjust the subscription rate of the Fund and lower the redemption rate;
4) Increase or adjust the fund unit category setting of the Fund;
5) The Fund Contract should be modified due to changes in corresponding laws and regulations;
6) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment does not
Significant changes in the rights and obligations of the parties involved in the Fund Contract;
7) With the permission of the CSRC, the Fund launches new businesses or services;
8) Other circumstances under which it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
Shape.
2. Convener and convening method
(1) Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
The fund manager shall convene the meeting.
(2) In the event that the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting.
(3) If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; The Fund Manager decides not to convene or fails to make a written reply within the specified time, and the Fund is under custody
If the Fund Custodian still considers it necessary to convene the meeting, it shall convene the meeting by itself, and the meeting shall commence from the date of issuing a written decision
The Fund Manager shall be convened and notified within 60 days, and the Fund Manager shall cooperate.
(4) The fund share holders representing more than 10% (including 10%) of the fund shares shall submit a written request on the same matter
A written proposal shall be submitted to the Fund Manager for convening a general meeting of Fund Unitholders. The Fund Manager shall
Decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify in writing the proposed fund unit holders
There are representatives and fund custodians. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; The Fund Manager decides not to convene or fails to make a written reply within the specified time, on behalf of the Fund
If the Fund Unitholders with more than 10% (including 10%) of their shares still think it necessary to hold the meeting, they shall submit a request to the Fund Custodian
The administrator puts forward a written proposal. The Fund Custodian shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify in writing the representatives of the Fund Unitholders and the Fund Manager who put forward the proposal; The Fund Custodian decides to convene
Shall be held within 60 days from the date of issuing the written decision and notify the Fund Manager, who shall
When matching.
(5) Fund share holders representing more than 10% (including 10%) of the fund shares request to call
A general meeting of fund unit holders is held, but neither the fund manager nor the fund custodian convenes it, or within the specified time limit
Failing to make a written reply, the fund shares representing more than 10% (including 10%) of the fund shares alone or in total
Someone has the right to convene the meeting on his own and report to the CSRC for filing at least 30 days in advance. Fund share holders shall, in accordance with the law
If the Bank convenes a general meeting of fund unit holders, the Fund Manager and the Fund Custodian shall cooperate, and shall not hinder
Interference.
(6) The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and right of the meeting
Registration date.
3. Time, content and method of notice for convening the general meeting of fund unit holders
(1) To convene a general meeting of fund unit holders, the convener shall, 30 days before the meeting
Notice. The notice of the general meeting of fund share holders shall at least contain the following contents:
1) Time, place and form of the meeting;
2) Matters to be considered, procedures and voting methods at the meeting;
3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
4) Requirements for the content of the authorization certificate (including but not limited to the identity of the agent, agency authority and agency
Validity period, etc.), time and place of delivery;
5) Name and telephone number of the permanent contact person for conference affairs;
6) Documents that must be prepared and procedures that must be performed by the attendees;
7) Other matters to be notified by the convener.
(2) In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
(3) If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
4. Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meeting, communication meeting or laws, regulations and supervision
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
(1) On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
1) The certificate of fund units held by the person attending the meeting in person, and the certificate issued by the person entrusted to attend the meeting held by the trustee
The certificate of fund units and the proxy voting authorization certificate of the trustor comply with laws and regulations, the Fund Contract and
The provisions of the notice of the meeting, and the vouchers for holding fund shares are consistent with the registration materials held by the fund manager;
2) After verification, the voucher presented by the participants for holding fund shares on the equity registration date shows that it is valid
The fund shares of the Fund shall not be less than one-half (including one-half) of the total fund shares of the Fund on the equity registration date. if
The effective fund units represented by the participants on the equity registration date are less than the total fund units of the Fund on the equity registration date
The convener may, three months after the time of the original announcement of the general meeting of fund unit holders
The general meeting of fund unit holders shall be reconvened within 6 months on the matters originally scheduled for consideration. Funds reconvened
The effective fund units represented by the participants of the general meeting of shareholders on the equity registration date shall not be less than the equity of the Fund
One third (including one third) of the total fund shares on the registration date.
(2) Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other methods agreed in the fund contract shall be delivered to the address designated by the convener or
System. The communication meeting shall be voted in writing or in other ways agreed in the fund contract.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
1) The convener of the meeting shall publish the notice of the meeting in accordance with the provisions of the Fund Contract, and within 2 working days
Prompting announcement;
2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener, then
Fund manager) to the designated place to supervise the counting of votes. The convener of the meeting is in the fund custodian
(If the Fund Custodian is the convener, it is the Fund Manager) and under the supervision of the notary office
To receive the voting opinions of fund share holders in the prescribed manner; The Fund Custodian or the Fund Manager has been notified
Failure to participate in the collection of voting opinions shall not affect the voting effect;
3) Fund share holders who directly issue voting opinions or authorize others to issue voting opinions
The fund units held shall not be less than half (including half) of the total fund units on the equity registration date; if
The fund share holders who directly give their voting opinions or authorize others to give their voting opinions
If the fund shares are less than half of the total fund shares on the equity registration date, the convener may
After 3 months and within 6 months of the time of holding the general meeting of shareholders, the meeting shall be reconvened on the matters originally scheduled for consideration
General meeting of gold share holders. The reconvened general meeting of fund unit holders shall have more than one-third of the representatives (including
1/3) The holders of fund units directly issue voting opinions or authorize others to issue voting opinions on behalf of them;
4) The fund share holders or entrusted representatives who directly issue the voting opinions in Item (3) above
Agents with voting opinions, vouchers for holding fund units submitted at the same time, and agents entrusted to issue voting opinions
The certificate of fund shares held by the principal and the certificate of proxy voting authorization issued by the principal are legal
The provisions of laws and regulations, the Fund Contract and the notice of the meeting shall be consistent with the records of the fund registration authority.
(3) On the premise that there is no conflict with laws and regulations, the general meeting of fund share holders can be held via the Internet or telephone
Or in other ways, the fund share holders can use written, online, telephone, SMS or other ways
The specific method of voting shall be determined by the convener of the meeting and listed in the notice of the meeting.
(4) If the fund share holder authorizes others to attend the meeting and vote on his behalf, the authorization may be in writing
In face, network, telephone, SMS or other ways, the specific way shall be listed in the meeting notice.
5. Discussion content and procedure
(1) Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments to the Fund Contract
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, merge with other funds
Other matters stipulated in laws and regulations and the Fund Contract, as well as the convener of the meeting believes that it is necessary to submit fund unit holdings
Other matters discussed at the meeting.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
(2) Proceedings
1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine and publish
The supervisor shall then read out the proposal by the presider of the meeting, vote after discussion, and form the resolution of the meeting.
The presider of the meeting is the representative authorized by the fund manager to attend the meeting, but the authorized representative of the fund manager fails to preside
In the case of a general meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If authorized by the Fund Manager
If neither the representative nor the authorized representative of the Fund Custodian can preside over the meeting, the Fund Unitholders and
More than 50% (including 50%) of the voting rights held by the agent shall elect a fund share holder as this time
The chairperson of the general meeting of fund share holders. The Fund Manager and the Fund Custodian refuse to attend or preside over the Fund
The general meeting of fund share holders shall not affect the validity of the resolutions made at the general meeting of fund share holders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and the client's surname
Name (or unit name) and contact information.
2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal 30 days in advance, and then
Within 2 working days after the deadline, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the Customs.
6. Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
(1) The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
(2) Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. Change the operation mode of the fund
Fund Manager or Fund Custodian, Termination of the Fund Contract, Merger of the Fund with Other Funds by Special Decision
It is valid only after being approved.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless there is sufficient evidence to the contrary when counting votes, submit
The voting for confirming the investor's identity document in accordance with the provisions of the notice of the meeting shall be deemed as effective attendance of investors
The voting opinions that meet the requirements of the notice of meeting shall be deemed as valid voting, and the voting opinions that are ambiguous or contradictory shall be deemed as valid voting
It means abstention from voting, but shall be included in the total number of fund units represented by the fund unit holders who issue voting opinions.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be examined separately
Discuss and vote item by item.
7. Vote counting
(1) On site meeting
1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the chairperson of the general meeting of the Fund Unitholders shall
When it is announced at the beginning of the meeting that two fund units will be elected among the fund unit holders and agents present at the meeting
The representative of the holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the general meeting consists of fund shares
The holder itself or the general meeting is convened by the Fund Manager or the Fund Custodian, but the Fund Manager or
If the Fund Custodian is not present at the meeting, the chairperson of the meeting of Fund Unitholders shall announce after the beginning of the meeting
Three representatives of fund share holders shall be elected as scrutineers among the fund share holders present at the meeting. fund
The failure of the manager or fund custodian to attend the meeting shall not affect the effectiveness of vote counting.
2) The scrutineers shall make an inventory immediately after the fund share holders vote and the presider of the meeting shall make a public announcement on the spot
Vote distribution results.
3) If the chairman of the meeting or the fund share holder or agent has doubts about the voting results submitted,
The number of votes required can be counted again immediately after the announcement of the voting results. The scrutineer shall re
Count and re count only once. After re counting, the presider of the meeting shall announce the re counting on the spot
Fruit.
4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend the meeting
Shall not affect the validity of counting votes.
(2) Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
8. Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall be announced on the designated media within 2 days from the effective date. If using
Vote by means of communication. When announcing the resolution of the general meeting of fund share holders, the full text of the notarial certificate
The name of the certification authority and the notary shall be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
9. This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Conditions and other contents, which directly refer to laws and regulations or regulatory provisions, such as laws and regulations or regulatory provisions
If the modification results in the cancellation or change of the relevant contents, the Fund Manager and the Fund Custodian shall reach an agreement and publish in advance
After the announcement, the contents of this part can be directly modified or adjusted without convening a general meeting of fund share holders.
（3） Reasons and procedures for the change and termination of the Fund contract and the liquidation method of the Fund assets
1. Change of Fund Contract
(1) The Fund Unitholders shall be responsible for the change of the Fund Contract in accordance with the provisions of laws and regulations or this Fund Contract
If a resolution is passed at the general meeting, a general meeting of fund share holders shall be convened to pass the resolution. For laws and regulations
The Fund Manager and
The Fund Custodian shall make an announcement of the change upon consent and report it to the CSRC for filing.
(2) The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective,
The resolution shall be announced in the designated media within two days after it takes effect.
2. Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1) The General Meeting of Fund Unitholders decides to terminate;
2) The responsibilities of the fund manager and the fund custodian are terminated, and there are no new fund managers or new funds within 6 months
Undertaken by the gold custodian;
3) Other circumstances stipulated in the Fund Contract;
4) Other circumstances stipulated by relevant laws and regulations and the CSRC.
3. Liquidation of fund assets
(1) Fund asset liquidation team: 30 working days from the date of termination of the Fund Contract
The Fund Manager shall organize the Fund Asset Liquidation Group and establish a fund asset liquidation group in the
Fund liquidation under supervision.
(2) Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
Custodians, certified public accountants and lawyers with securities and futures related business qualifications, and those designated by the CSRC
Personnel composition. The Fund assets liquidation team may employ necessary staff.
(3) Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
(4) Fund asset liquidation procedures:
1) In case of termination of the Fund Contract, the Fund Asset Liquidation Team shall take over the Fund in a unified manner;
2) Liquidate and confirm the fund assets, claims and debts;
3) Valuation and realization of fund assets;
4) Prepare liquidation report;
5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct external audit on the liquidation report
Issue legal opinions;
6) Submit the liquidation report to the CSRC for filing and announcement;
7) Distribute the remaining assets of the Fund.
(5) The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
4. Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation,
The liquidation expenses shall be paid by the Fund Assets Liquidation Team in priority from the Fund assets.
5. Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
6. Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The report on the liquidation of the fund assets has been issued with
Certified public accountants with relevant business qualifications shall audit and the legal opinion shall be issued by the law firm and then submitted to the certificate of China
The Regulatory Commission shall put on record and make an announcement. The fund assets liquidation announcement shall be made after the fund assets liquidation report is submitted to the CSRC for filing
The Fund assets liquidation group shall make an announcement within working days.
7. Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 15 years.
（4） Dispute resolution
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation, it shall be submitted to the Shanghai International Economic and Trade Arbitration Commission
The arbitration shall be conducted in accordance with the effective arbitration rules in Shanghai. The arbitration award shall be final and binding upon all parties
The parties shall be binding, and the arbitration fee shall be borne by the losing party.
During the dispute settlement period, the Fund Manager and the Fund Custodian shall strictly abide by their respective responsibilities and continue to be faithful and diligent
To diligently and responsibly perform the obligations specified in the Fund Agreement and safeguard the legitimate rights and interests of Fund Unitholders.
The Fund Contract shall be governed by the laws of China.
（5） Depository of fund contracts and ways for investors to obtain fund contracts
The Fund Contract can be printed in a volume for investors to register with the Fund Manager, Fund Custodian and Sales Agency
For office and business premises.
Part XIX Summary of the Fund Custody Agreement
（1） Parties to the Fund Custody Agreement
1. Fund manager
Name: Fullrich Fund Management Co., Ltd
Address: 27-30, Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
layer
Office address: Block 2, Shijihui Office Building, No. 1196, Shiji Avenue, China (Shanghai) Pilot Free Trade Zone
27-30 floors
Postal code: 200122
Legal representative: Pei Changjiang
Time of establishment: April 13, 1999
Approved by: China Securities Regulatory Commission
Approval No. of establishment: CSRC Zhengjian Jiji Zi [1999] No. 11
Organizational form: limited liability company
Registered capital: 520 million yuan
Duration: continuous operation
Business scope: publicly offered securities investment fund management, fund sales, specific customer asset management
2. Fund Custodian
Name: Bank of Communications Co., Ltd. (hereinafter referred to as Bank of Communications)
Address: No. 188, Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone (postcode: 200120)
Office address: No. 18, Xianxia Road, Changning District, Shanghai (postcode: 200336)
Legal representative: Peng Chun
Time of establishment: March 30, 1987
Approval authority and approval document number: State Council GF (1986) No. 81 and People's Bank of China
XYF [1987] No. 40 Document
Approval No. of fund custody business: ZJJZ [1998] No. 25 of China Securities Regulatory Commission
Business scope: absorbing public deposits; Issue short-term, medium-term and long-term loans; Handle domestic and foreign settlement;
Handle bill acceptance and discount; Issuance of financial bonds; Issuing, cashing and underwriting government bonds as an agent; buy
Selling government bonds and financial bonds; Interbank lending; Buying and selling foreign exchange; Engaging in bank card business;
Provide letter of credit service and guarantee; Agency collection and payment business; Provide safe deposit box service; Banking industry under the State Council
Other businesses approved by the regulatory authority; Business of foreign exchange settlement and sales.
Registered capital: 74.262 billion yuan
Organizational form: limited liability company
Duration: continuous operation
（2） The Fund Custodian's business supervision and verification of the Fund Manager
1、 The Fund Custodian exercises supervision over the investment behavior of the Fund Manager
1. The Fund Custodian, in accordance with the provisions of relevant laws and regulations, the Fund Contract and this Agreement
The investment scope and investment objects of the Fund shall be supervised.
The investment scope of the Fund is financial instruments with good liquidity, including those legally issued and listed domestically
Bond assets (government bonds, local government bonds, government supported institutional bonds, financial bonds, corporate bonds
Central bank notes, non-financial enterprise debt financing instruments (including but not limited to medium-term notes, short-term financing bonds, and super
Short-term financing bonds), subordinated debt, etc.), bond repurchase, asset-backed securities, bank deposits (negotiated deposits
Known deposits, time deposits, etc.), inter-bank deposit receipts, money market instruments, laws and regulations or the CSRC's permission
Other financial instruments invested by Xu Fund (subject to the relevant provisions of the CSRC).
The Fund does not buy stocks or warrants, nor invest in convertible bonds and exchangeable bonds. Investment of the Fund
The portfolio proportion is: the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets, cash or maturity
The total investment proportion of government bonds within one year shall not be less than 5% of the net asset value of the fund, of which cash shall not
Including settlement provisions, deposits and subscription receivables.
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
2. The Fund Custodian, in accordance with the provisions of relevant laws and regulations, the Fund Contract and this Agreement
Fund investment and financing ratio shall be supervised.
According to the Fund Contract, the proportion of the Fund's investment portfolio shall comply with the following provisions:
(1) The Fund's investment proportion in bonds shall not be less than 80% of the Fund's assets;
(2) Keep no less than 5% of the net asset value of the fund in cash or government bonds with a maturity of less than one year,
Cash does not include provisions for settlement, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds managed by the Fund Manager hold securities issued by one company, which shall not exceed
10%, and the fund variety that invests in securities in full accordance with the composition proportion of the relevant index may not be subject to this clause
Specified proportional limit;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of net asset value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities; (8) All funds managed by the Fund Manager invest in the same original right
All types of asset-backed securities of the beneficiary shall not exceed 10% of the total size of all types of asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall
All of them will be sold within 3 months from the date of release of the level report;
(10) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of gold, and the maximum term of bond repo in the national inter-bank market is one year,
No extension is allowed after the maturity of bond repurchase;
(11) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Discrepancy of funds due to factors other than fund managers such as fluctuations in the securities market and changes in fund size
If the proportion is limited, the Fund Manager shall not actively increase the investment of liquidity restricted assets;
(12) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
(13) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(14) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Except for the situations in (2), (9), (11) and (12) above, due to the fluctuation of the securities market, the securities issuer
Factors other than the fund manager, such as merger and fund size change, result in the fund investment proportion not meeting the above provisions
The fund manager shall adjust the investment proportion within 10 trading days, but the special
Except in special circumstances. Where laws and regulations provide otherwise, such provisions shall prevail.
The Fund Manager shall, within six months from the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the fund contract. During the above period, the investment scope and investment strategy of the Fund shall conform to the basic
The agreement of the gold contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
Laws and regulations or regulatory authorities cancel or adjust the above restrictions. If applicable to the Fund, the Fund Manager shall
After performing the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions or the adjusted provisions.
The Fund Custodian shall supervise the restrictions on the Fund's investment portfolio and the adjustment period in accordance with the above provisions.
3. The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations, the Fund Contract and this Agreement
Supervise the investment prohibition. The fund assets may not be used for the following investments or activities.
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager shall
After due process, the investment of the Fund will no longer be subject to relevant restrictions or the changed regulations.
4. The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations, the Fund Contract and this Agreement
The management participates in the supervision of the inter-bank bond market.
The Fund Manager shall provide the Fund Custodian with carefully selected
List of applicable counterparties in the inter-bank bond market, and agree on the transaction settlement of the counterparties using bond payment
Mode. The Fund Manager updates the list of counterparties in the inter-bank bond market, and the Fund Manager is responsible for
The credit control of counterparties shall be conducted in accordance with the trading rules of the inter-bank bond market, while the fund custodian shall
Supervise the contract performance according to the inter-bank bond market transaction sheet, but do not assume that the counterparty fails to perform the contract
The same as the losses caused. If the fund custodian discovers that the fund manager has failed to comply with the agreed counterparty
Or transaction mode, the Fund Custodian shall timely remind the Fund Manager that the Fund Custodian will not bear
Any losses and liabilities caused thereby.
5. The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations, the Fund Contract and this Agreement
The administrator selects the deposit bank for supervision.
Where a fund invests in a fixed deposit with a bank, the fund manager shall, in accordance with the provisions of laws and regulations and the provisions of the fund contract
Agree to select qualified deposit banks, and the Fund Custodian shall, in accordance with the provisions of the Custody Agreement
Supervise whether the deposit complies with relevant regulations.
The investment bank deposits of the Fund shall comply with the following provisions:
(1) The Fund Manager and the Fund Custodian shall establish a regular reconciliation mechanism with the deposit bank to ensure that the Fund
The bank deposit business accounts and accounting are true and accurate.
(2) The Fund Manager and the Fund Custodian shall, in accordance with the relevant regulations, separately deal with the Bank Deposit Business of the Fund
Sign a written agreement to clarify the signing of relevant agreements, account opening and management, and transmission and implementation of investment instructions between both parties
Bank, fund transfer, account verification, due payment, document custody, and the issuance and transmission of deposit certificates
Rights, obligations and responsibilities in custody and other processes to ensure the safety of fund assets and protect the holding of fund shares
The legal rights and interests of people.
(3) The Fund Custodian shall strengthen the supervision and verification of the Fund's bank deposit business, and strictly review and recheck
Relevant agreements, account information, investment instructions, deposit certificates and other relevant documents shall be effectively performed.
(4) The Fund Manager and the Fund Custodian shall strictly abide by the Fund Law
Operation Measures and other relevant laws and regulations, as well as national account management, interest rate management, payment and settlement, etc
The provisions of.
6. The Fund Custodian shall, in accordance with the provisions of laws and regulations, the Fund Contract and this Agreement
Supervise other aspects of investment.
2、 The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Agreement
Net value calculation, net value calculation of fund shares, receipt of funds receivable, recognition of fund expenses and income, fund
Income distribution, relevant information disclosure, fund performance data published in fund promotion materials, etc
Supervision and verification. If the Fund Manager prints false performance data without the approval of the Fund Custodian
If it is based on promotional materials, the Fund Custodian will not bear any responsibility for this and has the right to report after discovery
China Securities Regulatory Commission.
3、 The Fund Manager shall actively cooperate with and assist the Fund Custodian in its supervision and verification, and
Reply and correct, and explain or provide evidence on the Fund Custodian's doubts. As required by laws and regulations
If it is necessary to submit a fund supervision report to the CSRC, the fund manager shall actively cooperate in providing relevant data and materials
And systems.
The Fund Custodian finds that the investment instruction or actual investment operation of the Fund Manager violates the Fund Law and
Other acts specified in relevant laws and regulations, the Fund Contract and this Agreement shall be notified to the Fund Management in writing in a timely manner
The Fund Manager shall timely check and notify the Fund Custodian by telephone or in writing
The manager shall give feedback, explain the reasons for violation and the time limit for correction, and ensure timely correction within the specified time limit. Within the time limit,
The Fund Custodian has the right to review the notice at any time and urge the Fund Manager to make corrections. Fund manager's right to
If the violation notified by the Fund Custodian fails to be corrected within the time limit, the Fund Custodian has the right to report to the CSRC
meeting.
If the Fund Custodian finds that the Fund Manager has major violations, it shall immediately report to the CSRC
Notify the fund manager to make corrections within the time limit.
The Fund Custodian finds that the Fund Manager's instructions violate laws, administrative regulations and other relevant provisions, or
If the fund manager violates the Fund Contract, he shall refuse to implement it, immediately notify the fund manager, and have the right to
Report of China Securities Regulatory Commission.
The Fund Custodian finds that the effective instructions of the Fund Manager in accordance with the trading procedures violate laws and administrative laws
In case of violation of the Fund Agreement, the Fund Manager shall be notified immediately,
And has the right to report to the CSRC.
（3） The Fund Manager's business verification of the Fund Custodian
In accordance with the Fund Law and other relevant regulations, the Fund Contract and this Agreement, the Fund Manager
The Fund Custodian shall check the performance of its custody responsibilities, including but not limited to whether the Fund Custodian is
Whether the fund property is safeguarded, and the fund account, securities account and bond custody account of the fund property are opened
Whether the net asset value and net fund share value calculated by the fund manager are reviewed timely and accurately in the account required for capital
Value, whether the clearing and settlement are handled according to the instructions of the fund manager, whether the laws and regulations and the Fund Contract are followed
To provide for the disclosure of relevant information and the supervision of fund investment operations.
The Fund Manager shall regularly and irregularly check the Fund assets under the custody of the Fund Custodian. Gikinto
The custodian shall actively cooperate with the fund manager in the verification, including but not limited to: submitting relevant materials for the fund
The manager shall check the integrity and authenticity of the entrusted property, reply and correct within the specified time.
The Fund Manager finds that the Fund Custodian fails to manage the Fund assets in separate accounts, misappropriates the Fund assets without authorization
Failing to execute or unreasonably delaying the execution of the fund manager's fund transfer instructions, divulging fund investment information, etc
The Fund Custodian shall be notified in writing in a timely manner if the Fund Law, the Fund Contract, this Agreement and other relevant provisions are applicable
The Fund Custodian shall timely check and report to the Fund Manager in writing after receiving the notice
Send a reply. Within the time limit, the fund manager has the right to review the notice at any time and urge the fund to be placed in custody
People correct. If the Fund Custodian fails to correct the violations notified by the Fund Manager within the time limit, the Fund Custodian
The manager shall report to the CSRC. Fund managers need to report to the CSRC for fund supervision in accordance with legal requirements
In case of supervision report, the Fund Custodian shall actively cooperate in providing relevant data and systems.
If the Fund Manager finds that the Fund Custodian has major violations, it shall immediately report to the CSRC
Notify the Fund Custodian to make corrections within the time limit.
（4） Fund property custody
(1) Principles of Fund Property Custody
1. The Fund Custodian shall keep the Fund assets in a safe manner and shall not use
Dispose of and distribute any assets of the Fund.
2. The Fund property shall be independent of the inherent property of the Fund Manager and the Fund Custodian.
3. The Fund Custodian shall open the fund account, securities account and bond custody account of the Fund assets in accordance with the provisions
Account required for investment.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody for independent accounting and separate account management,
To ensure the integrity and independence of the Fund's assets.
5. Assets receivable arising from fund investment and assets receivable arising from fund purchase shall be
The Fund Manager is responsible for determining the date of receipt with the relevant parties and notifying the Fund Custodian of the fund assets on the date of receipt
If it fails to reach the fund's bank deposit account, the fund custodian shall timely notify the fund manager to take measures
Collection. If losses are caused to the Fund, the Fund Manager shall be responsible for recovering the losses of the Fund from the relevant parties.
The Fund Custodian shall not bear any responsibility for this.
(2) Verification of fund raised assets
Within 10 days after the expiration of the fund raising period or the early termination of the fund raising
An accounting firm with securities related business qualifications shall verify the capital, issue a capital verification report, and issue a capital verification report
It shall be valid with the signatures of more than 2 (including 2) Chinese certified public accountants participating in the capital verification. Completion of capital verification, fund
The Manager shall deposit all the raised funds into the fund bank deposit account opened by the Fund Custodian for the Fund,
The Fund Custodian shall issue relevant supporting documents on the date of receipt of funds.
(3) Opening and management of the Fund's bank deposit account
1. The Fund Custodian shall be responsible for the opening and management of the Bank Deposit Account of the Fund.
2. The Fund Custodian shall open a bank deposit account of the Fund in its business institution in the name of the Fund, and
The fund manager shall handle the receipt and payment of funds according to the legal and compliant instructions. The reserved seal of the Fund's bank shall be issued by the Fund Custodian
Storage and use.
3. The opening and use of the Fund's bank deposit account shall be limited to meet the needs of conducting the Fund's business. fund
The Custodian and the Fund Manager shall not open any other bank deposit account in the name of the Fund; Neither
Use any bank deposit account of the Fund for activities other than the business of the Fund.
4. The Fund Custodian may apply for the opening of the Fund's bank account through the enterprise online banking business
Cash payment, and use Bank of Communications corporate online banking (hereinafter referred to as "Bank of Communications online banking") to handle custody of assets
Fund settlement and remittance business.
5. The management of the fund's bank deposit account shall comply with the relevant provisions of the banking regulatory authority.
(4) Opening and management of fund securities settlement account and capital settlement account
The Fund Custodian shall be jointly named by the Fund Custodian and the Fund in China Securities Depository and Clearing Co., Ltd
The company opens a securities account.
The opening and use of the Fund's securities account shall be limited to meeting the needs of conducting the Fund's business. Fund Custodian
And the Fund Manager shall not lend or transfer any securities account of the Fund without the consent of the other party; And shall not
Use any account of the Fund for activities other than the business of the Fund.
The Fund Manager shall not oversold or overbought the securities of the Fund's securities settlement account or the capital settlement account.
The Fund Custodian shall open a settlement in the name of the Fund Custodian in China Securities Depository and Clearing Co., Ltd
The reserve account is the capital settlement account, which is used for the settlement of securities trading funds. The Fund Custodian
Open a secondary settlement reserve account for the settlement of the fund's securities trading funds at the fund custodian in name.
(5) Opening and management of bond custody account
1. After the Fund Contract comes into effect, the Fund Custodian shall be responsible for reporting to the People's Bank of China and passing the record
Later, the Fund was registered with the Central Government Securities Depository and Clearing Co., Ltd. and the Inter bank Market Clearing House Co., Ltd
The Fund Custodian shall be responsible for clearing the bonds and funds of the Fund. fund
The Manager shall be responsible for applying for the Fund to enter the national interbank borrowing market for trading, and the Fund Manager shall
The Foreign Exchange Trading Center shall open a trading account in the interbank borrowing market.
2. The Fund Manager, on behalf of the Fund, signed the Master Agreement on Bond Repurchase in the National Inter bank Bond Market, the original of which was signed by
The Fund Manager shall keep it.
(6) Opening and management of other accounts
If the CSRC or other regulatory authorities allow the Fund to engage in other investments after the date of this Custody Agreement
The fund manager shall assist in the fund custody of the investment business of asset varieties involving the opening and use of relevant accounts
I will open relevant accounts in accordance with the provisions of relevant laws and regulations and the Fund Contract. The account is as follows:
Use and manage relevant rules.
(7) Custody of valuable certificates such as physical securities and time deposit certificates of bank deposits related to the investment of fund assets
Physical securities shall be deposited by the Fund Custodian in the Fund Custodian's vault. Purchase and transfer of physical securities,
It shall be handled by the Fund Custodian according to the instructions of the Fund Manager. The Fund Custodian's response to institutions other than the Fund Custodian
The Fund's assets under actual and effective control shall not bear the custody responsibility.
The Fund Custodian shall be responsible for the custody of certificates of deposit and other valuable certificates.
8. Custody of major contracts related to fund assets
The originals of the major contracts related to the Fund signed by the Fund Manager on behalf of the Fund shall be deposited by the Fund
And the Fund Manager, unless otherwise restricted by relevant business procedures. Except as otherwise provided in this Agreement, the Fund
When signing major contracts related to the Fund on behalf of the Fund, the Manager shall ensure to hold more than two originals as far as possible,
In order that the Fund Manager and the Fund Custodian each hold at least one original, the Fund Manager shall promptly
The original shall be delivered to the Fund Custodian. The term of custody of the contract shall be subject to the relevant provisions of the State.
If more than two originals cannot be obtained, the Fund Manager shall provide the Fund Custodian with the stamped authorization
The fax of the contract of the business seal shall not be transferred without the negotiation of both parties or within the scope of the contract.
（5） Calculation and review of net fund assets and net fund unit values
The net asset value of the fund refers to the value of the total asset value of the fund minus the liabilities.
The Fund Manager shall evaluate the assets of the Fund every working day
Except when the valuation is suspended according to the provisions of the gold contract. The valuation principle should comply with the Fund Contract and the CSRC's
Guidance on Securities Investment Fund Valuation Business and other laws and regulations. For fund information
The disclosed net fund assets and net fund unit values shall be calculated by the Fund Manager and reviewed by the Fund Custodian. base
The Fund Manager shall calculate the net asset value of the Fund on each working day after the end of trading and send it in the agreed manner
To the Fund Custodian. After reviewing the net value calculation result, the fund custodian will feed back the review result to the fund management
The Fund Manager shall publish the net value of the Fund units.
The Fund is valued as follows:
1. Valuation of fixed income varieties traded in stock exchanges
(1) The bonds listed on the Exchange for net price trading (unless otherwise specified) shall be evaluated by the third party on the evaluation date
The net price of the corresponding variety provided by the valuation agency shall be evaluated.
(2) The bonds listed on the Exchange but not traded at net price shall be withdrawn according to the closing price on the valuation date or the third-party valuation agency
The estimated full price of the corresponding varieties on the current day minus the bond closing price or the bond interest receivable included in the estimated full price
The obtained net price is estimated; There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
In case of major events, the closing price of bonds on the latest trading day or that of the corresponding varieties provided by a third-party valuation agency
The net price obtained by subtracting the closing price of bonds or the interest receivable of bonds included in the full valuation price shall be valued.
If the economic environment has changed significantly since the latest trading day or the securities issuer has a significant impact on the securities price
In case of an event, the current market price and major change factors of similar investment varieties can be referred to to adjust the recent transaction market price,
Determine the fair value.
(3) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques.
The fair value of asset-backed securities listed on the exchange is determined by valuation technology, which is difficult to be reliable
In case of measurement of fair value, it shall be valued at cost.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) For the initial public offering of unlisted bonds, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost.
(2) For unlisted or unlisted bonds issued in the exchange market, and for the existence of an active market
In this case, the unadjusted quotation in the active market shall be taken as the fair value on the valuation date; For active market reports
If the price fails to represent the fair value on the valuation date, the market quotation shall be adjusted to confirm the fair value on the valuation date
Allowable value; If there is no active market or few market activities, valuation techniques should be used to determine
Fair value.
3. For fixed income varieties without rights in the national inter-bank market
The estimated net price of the corresponding variety on the current day. For the types of fixed income with rights in the inter-bank market
The only estimated net price or the recommended estimated net price on the current day of the corresponding variety provided by the valuation agency. For investment included
For the fixed income variety of the investor's right to sell back, if the right to sell back is not exercised after the deadline of the registration period (including the date)
The valuation is based on the price corresponding to the long waiting period. Not listed in the inter-bank market, and the third-party valuation agency is not
There is no significant difference between the issuance interest rate and the secondary market interest rate for bonds with valuation price
If there is no major change in the market interest rate, it shall be valued at cost.
4. If the same bond is traded in two or more markets at the same time, it shall be valued separately according to the market in which the bond is located.
5. Valuation method of deposits
Time deposits or call deposits held by banks are listed as principal, and the total interest listed according to the deposit agreement
Or the agreed interest rate accrues interest every natural day. In case of early withdrawal or interest rate change, account adjustment shall be carried out as required
Whole.
6. The Fund may adopt the valuation price provided by a third-party valuation agency in accordance with the above fair value determination principles
Grid data.
7. If there is conclusive evidence that the fair value cannot be objectively reflected by the above method
The Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
8. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to ensure
To ensure the fairness of fund valuation.
9. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items, press
The latest national regulations on valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the results of the calculation of the net asset value of the Fund to the public, thereby providing information to the Fund Unitholders and
The loss caused by the Fund and the loss caused by the error of deferring the calculation of the net asset value of the Fund on the trading day shall be determined by
The fund manager is responsible for compensation, and the fund custodian is not responsible for compensation.
（6） Custody of the Register of Fund Unitholders
The fund manager may entrust the fund registration institution to register and maintain the register of fund unit holders. Fund shares
The contents of the register of holders shall include, but not limited to, the names of fund share holders and the fund units they hold.
The register of fund unit holders, including the register of fund unit holders at the end of the fund raising period, the fund
The register of fund unit holders on the equity registration date, and the holding of fund units on the registration date of the general meeting of fund unit holders
The register of persons and the register of fund share holders on the last trading day of each year shall be compiled by the fund registration authority
And keep it, and be responsible for the authenticity, completeness and accuracy of the register of fund unit holders. Shelf life from
The fund account shall be closed for at least 20 years.
The Fund Manager shall provide funds to the Fund Custodian regularly and irregularly according to the requirements of the Fund Custodian
Register of amount holders.
1. The Fund Manager shall, within 10 working days after the effective date of the Fund Agreement and the termination date of the Fund Agreement
Provide the Fund Custodian with the register of Fund Unitholders prepared by the registration authority;
2. The Fund Manager shall place the fund in custody within 5 working days after the registration date of the rights and interests of the general meeting of fund unit holders
The register of fund share holders prepared by the registration authority;
3. The Fund Manager shall, within 10 working days after the last trading day of each year, provide the Fund Custodian with
The register of fund share holders prepared by the registration authority;
4. In addition to the above agreed time, if it is really necessary for business, the Fund Custodian shall consult with the Fund Manager
After that, the Fund Manager shall provide the Fund Custodian with the register of Fund Unitholders prepared by the registration authority.
The Fund Custodian shall properly keep the register of Fund Unitholders in electronic form, and shall regularly make a CD backup,
The storage life is 15 years. The Fund Custodian shall not use the register of Fund Unitholders under its custody for fund custody
It shall be used for other purposes than business and shall abide by confidentiality obligations. If the Fund Manager or Fund Custodian
If the register of fund share holders cannot be properly kept due to any reason, they shall bear their respective responsibilities in accordance with relevant laws and regulations.
（7） Dispute resolution
Both parties agree that all disputes arising from or in connection with this Agreement shall be settled through friendly negotiation
Good negotiation or mediation. The parties to the trusteeship agreement are unwilling to negotiate or mediate
In case of failure, either party has the right to submit the dispute to Shanghai International Economic and Trade Arbitration Commission
The arbitration shall be conducted according to the then effective arbitration rules of the Commission. The place of arbitration shall be Shanghai. The arbitral award shall be final,
And binding on both parties concerned. The arbitration fee shall be borne by the losing party.
During the dispute settlement period, both parties shall strictly abide by the responsibilities of the Fund Manager and the Fund Custodian, continue to be faithful
Fulfill the obligations specified in the Fund Contract and this Agreement diligently and responsibly, and maintain the contract of fund share holders
Legal interests.
This Agreement shall be governed by the laws of the People's Republic of China.
（8） Change and termination of custody agreement
1. Changes to the Fund Custody Agreement
The parties to this agreement may amend the agreement upon consensus. The revised new agreement, which
The contents shall not conflict with the provisions of the Fund Contract. The revised new agreement shall be reported to the CSRC
keep on record.
2. Termination of the Fund Custody Agreement
1) The Fund Contract is terminated;
2) The Fund Custodian is disbanded, revoked or bankrupt according to law, or is disqualified from fund custody according to law, or for other reasons
Cause causes other fund custodians to take over the fund assets;
3) The Fund Manager is disbanded, revoked, bankrupt, disqualified from fund management or otherwise
Cause causes other fund managers to take over the fund management right.
4) Termination under the Fund Law, the Sales Measures, the Operation Measures or other laws and regulations
Item.
Part XX Services for Fund Unitholders
The Fund Manager promises to provide a series of services to the Fund Unitholders. The Fund Manager will
The needs of gold share holders and changes in the market, increase or change of service items. The main services are as follows:
（1） Transaction information service for fund share holders
Investors can query and print transactions through sales outlets 2 working days after the transaction application is accepted
confirmation sheet. The Fund Manager will, according to the customized statement of the holder, report the transaction or statement period within the statement period
The fund share holders who still hold the fund shares of the Company shall send statements regularly or irregularly. Specific business
See the announcement on the fund manager's website or relevant instructions for the rules.
（2） Online transaction and inquiry service
Investors can apply for purchase and redemption through the direct sales outlets of the fund manager and the sales outlets of the sales institutions on a commission basis
In addition to such transactions and account inquiries, the fund manager's website (www.fullgoal. com. cn)
Letter official account (search "FullgoalWeFund" or "FullgoalWeFund"), or client "FullgoalWeFund"
Package "APP to enjoy online transaction and query services. For specific business rules, see the announcement on the fund manager's website or
Off description.
（3） Information customization and information services
Investors can call customer service hotline, online customer service, send email, SMS or log in to the fund manager
Website and other channels, customized statements, fund transaction confirmation information, weekly and other information services. Dang Tou
The information such as the mobile phone number, e-mail address and mailing address of the investor receiving the customized service is unknown, filled in incorrectly or sent
In case of changes, they can be updated and modified through the above channels to avoid failing to receive relevant customized services in time.
（4） Online service
Investors can obtain investment consultation and business consultation through the fund manager's website, WeChat official account or client
Inquiry, information inquiry, information customization, service complaints and suggestions and other online services.
（5） Customer service center telephone service
The automatic voice system of the customer service center provides 7 × 24 hours of fund net value information, account transactions
Information inquiry on gold products and services.
The customer service center provides manual agent service five days a week and no less than eight hours a day
Through this hotline, you can obtain business consultation, information inquiry, service complaint, information customization, data modification, etc
Special services, except holidays.
（6） Customer complaint acceptance service
Investors can go through the counter of each sales agency outlet, the complaint column of the fund company website, and the customer service
The fund can be accessed through various channels, such as hotline, online customer service, WeChat customer service, letter, email, SMS, fax, etc
Complaints or opinions on the services provided by the manager and sales outlets and the company's policies and regulations.
（7） Customer service contact information of fund manager
Customer service hotline: 951056864008880688 (unified nationwide, toll free), working hours
Internal seats can be transferred to manual seats.
Customer service fax: (021) 20513277
Company website: http://www.fullgoal.com.cn
E-mail: public@fullgoal.com.cn
Address of customer service center: 27/F, Building 2, Century Plaza, No. 1196, Century Avenue, Pudong New Area, Shanghai
（8） If there is any content in this prospectus that you/your institution cannot understand, please contact the fund management
Contact the fund manager through the hotline of the customer service center or by email, fax, letter, etc. please
Ensure that you/your organization has fully understood this prospectus before investing.
Part XXI Storage and Reference Methods of Prospectus
After the prospectus is published, it shall be separately placed on the fund manager, fund custodian and fund sales machine
The residence of the organization shall be available for public reference and reproduction. The above documents can be obtained within a reasonable time after paying the cost of production
The duplicate or photocopy of the fund shall be subject to the original of the fund reference document.
The Fund Manager and the Fund Custodian guarantee that the content of the text is completely consistent with the content of the announcement.
Part XXII Documents for future reference
The following documents for future reference are kept in the office of the Fund Manager and can be consulted free of charge during office hours.
（1） Document of China Securities Regulatory Commission approving the offering and registration of Fullrich Pure Bond Securities Investment Fund
（2） Fuguohua Li Pure Bond Securities Investment Fund Fund Contract
（3） Custody Agreement of Fullrich Pure Bond Securities Investment Fund
（4） Business qualification approval document and business license of fund manager
（5） Business qualification approval document and business license of fund custodian
（6） Legal Opinion on Application for Offering and Registration of Fullrich Pure Bond Securities Investment Fund
（7） Other documents required by the CSRC
Wells Fargo Fund Management Co., Ltd
November 4, 2019