Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund (C share)
Summary of Fund Product Information
Prepared on: February 23, 2023
Date of delivery: February 24, 2023
This summary provides important information about the Fund and is part of the Prospectus.
Please read the complete prospectus and other sales documents before making an investment decision.
1、 Product Overview
Fund abbreviation: Pengyang Pioneer One year holding hybrid fund code 016735
Subordinate Fund Abbreviation: Pengyang Pioneer Holding Hybrid C Subordinate Fund Code 016736 for One Year
Fund Manager Pengyang Fund Management Co., Ltd. Fund Custodian Bank of China Limited
The effective date of the fund contract - the listing exchange and the listing date are not applicable
stage
Fund type Mixed transaction currency RMB
Operation mode Open (other open) Open frequency Every open day, but every investor
Fund transferred from subscription/subscription/conversion
Shares must be held for at least 365 days
Started to serve as the Fund
-
Manager's Date Fund Manager Zhao Shihong
Securities practice date: July 11, 2011
After other Fund Contracts come into force, the number of Fund Unitholders is less than 200 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; Continuous 50
In case of any of the above circumstances within five working days, the Fund Agreement shall be terminated without convening a general meeting of Fund Unitholders. Legal law
In case of any other provisions of the CSRC, such provisions shall prevail.
Note: The Fund is a partial equity hybrid fund.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Read Part IX of the Company's Prospectus for Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund for details.
Under the premise of risk control, the Fund selects high-quality listed companies for investment, and strives to achieve long-term stability of fund assets
Investment objectives
Health increases.
The investment scope of the Fund is financial instruments with good liquidity, including stocks issued and listed in China according to law (including
GEM and other stocks and depositary receipts approved or registered for listing by the CSRC), trading in the mainland and Hong Kong stock markets
Stocks and bonds listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong Stock Connect") that are allowed to invest under the interconnection mechanism
Bonds (including treasury bonds, central bank bills, financial bonds, local government bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing
Bonds, ultra short term financing bonds, subordinated bonds, government backed bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds
scope of investment
And other bonds permitted by the CSRC), derivatives (including stock index futures, treasury bond futures, stock options
Credit derivatives), money market instruments, bank deposits (including contractual deposits, time deposits and other bank deposits), the same as
Certificates of deposit, asset-backed securities, bond repurchases and other finance allowed by laws and regulations or the CSRC for fund investment
Tools. The Fund may participate in financing business in accordance with relevant laws and regulations.
If laws and regulations or regulatory authorities allow the Fund to invest in other varieties in the future, the Fund Manager may, after performing appropriate procedures
To include it in the scope of investment.
The proportion of the Fund's investment portfolio is: stock assets account for 60% - 95% of the Fund's assets (including those invested in Hong Kong stocks
The proportion shall not exceed 50% of the equity assets invested by the Fund). At the end of each trading day, after deducting treasury bond futures and stock index
After the trading margin required to be paid for futures and stock option contracts, the Fund holds cash or has a maturity of less than one year
Government bonds shall not be less than 5% of the net asset value of the fund, of which cash does not include provisions for settlement, deposits and accounts receivable
Purchase, etc.
The main investment strategies of the Fund include: generic asset allocation strategy, stock investment strategy, bond investment strategy and derivatives
Main investment strategies
Investment strategy, asset-backed securities investment strategy, financing business strategy
Performance comparison benchmark: CSI 300 index yield * 65%+Hang Seng index yield * 15%+China Bond comprehensive wealth (total value) index yield * 20%
The Fund is a hybrid fund with higher risks and returns than bond funds and money market funds and lower risks and returns than equity funds.
Risk return characteristics
The Fund may invest in Hong Kong stocks, which are the underlying stocks of Hong Kong stocks, and shall bear exchange rate risk and overseas market risk.
（2） Portfolio Asset Allocation Chart
（3） The annual net value growth rate of the fund since the fund contract came into force/in the last ten years (whichever is shorter) and the comparison with the performance of the same period
Accurate comparison chart
3、 Expenses involved in investing in the Fund
（1） Fund sales related expenses
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate
Management fee 1.50%
Custody fee 0.25%
Sales service fee 0.60%
Other expenses Information disclosure fees, accounting fees, attorney fees, etc
Note: The expenses and taxes incurred by the Fund in trading securities and funds shall be deducted from the Fund assets according to the actual amount incurred.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal. Investment is risky. Investors should carefully read the Foundation when buying funds
Jin's Prospectus and other sales documents.
The risks of the Fund mainly include: market risk, management risk, liquidity risk, operational and technical risk, compliance risk, and fund management
The risk of the termination of the manager's duties, the unique risk of the Fund and other risks.
The Fund's unique risks: 1. The Fund sets a holding period of 365 for each fund unit transferred from subscription/subscription/conversion
Days. The Fund Manager will not confirm the application for redemption or transfer out of fund units held for less than the holding period. 2. The Fund may invest
Investment strategy needs or changes in the market environment of different allocation places, and choose to invest some fund assets in the mainland and Hong Kong stock markets for mutual trading
Stock listed on the Stock Exchange of Hong Kong (hereinafter referred to as the underlying stock of the Hong Kong Stock Connect) within the specified scope of trading allowed under the Hong Kong Stock Connect mechanism, or choose not to transfer the fund
The assets are invested in the stocks of Hong Kong Stock Standard, and the fund assets are not necessarily invested in the stocks of Hong Kong Stock Standard. Investing in stocks of Hong Kong stocks may make the Fund
Faced with unique risks arising from differences in investment environment, investment object, market system and trading rules under the Hong Kong Stock Connect trading mechanism, including but not
Limited to: the risk of large fluctuation of the stock price in the Hong Kong stock market (the Hong Kong stock market implements T+0 reverse trading, and there is no limit on the rise and fall of individual stocks
It may show more violent stock price fluctuations than A-share), exchange rate risk (exchange rate fluctuations may cause losses to the investment income of the Fund), Hong Kong Stock Connect
Possible risks caused by inconsistent trading days under the mechanism (when the mainland opens and Hong Kong markets are closed, Hong Kong Stock Connect cannot trade normally, and Hong Kong stocks cannot reach
And may bring a certain liquidity risk). 3. The Fund may invest in depositary receipts. If invested, the net value of the Fund may be subject to
Impact of price fluctuation of overseas underlying securities of certificates, related risks of overseas underlying securities of depositary receipts, issuance mechanism and trading mechanism of depositary receipts
And other relevant risks may directly or indirectly become the risks of the Fund. 4. The Fund can invest in stock index futures and treasury bond futures
The margin trading system is adopted. Due to the leverage of margin trading, when an adverse market situation occurs, minor changes in the relevant market may cause
The investor's equity suffered a large loss. Futures adopt the daily debt free settlement system. If the margin is not replenished within the specified time
Will be forced to close positions, which may cause significant losses to the investment. The Fund may invest in stock options. If it invests in stock options, it may face risks including but not
Limited to liquidity risk, price risk, operational risk, etc., it may cause significant losses to the investment. To hedge credit risk, the Fund may invest
For credit derivatives, if invested, credit derivatives investment may face liquidity risk, repayment risk and price fluctuation risk. 5. This
The Fund can invest in asset-backed securities. If it invests, asset-backed securities may face credit risk, interest rate risk, liquidity risk and prepayment
Risks such as payment risk, operational risk and legal risk may increase the volatility of the net value of the Fund. 6. Fund voluntary liquidation risk.
（2） Important tips
The registration of the Fund raised by the CSRC does not indicate that it makes substantive judgments or guarantees on the value and income of the Fund, nor does it indicate that
It is clear that there is no risk in investing in the Fund. The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, it does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. Fund investors acquire fund shares according to the fund contract, that is, they become fund share holders
Someone and the parties to the fund contract.
After the Fund Agreement comes into force, if the information in the fund product data summary has changed significantly, the Fund Manager will update it within three working days
If his information changes, the Fund Manager shall update it once a year. Therefore, the content of this document may be lagging behind the actual situation of the Fund
Later, if you need to obtain the relevant information of the fund in a timely and accurate manner, please also pay attention to the relevant temporary announcements issued by the fund manager.
The dispute related to the Fund/Fund Contract shall be settled by arbitration. Arising from or related to the Fund Contract
If any dispute cannot be settled through friendly negotiation, either party has the right to submit the dispute to China International Economic and Trade Arbitration Commission
China International Economic and Trade Arbitration Commission shall conduct arbitration according to the then effective arbitration rules. The place of arbitration is Beijing. See the Fund Agreement for details
The same.
5、 Other data query methods
For the following information, please refer to the fund manager's website www.pyamc.com or call the customer service hotline 400-968-6688
1. Fund contract, custody agreement, prospectus
2. Regular reports, including quarterly, interim and annual reports of the Fund
3. Net value of fund units
4. Fund sales agency and contact information
5. Other important information
6、 Other information
nothing