Minsheng Jiayin Youxiang Enterprising One Year Closed Operation Equity Fund (FOF-LOF)
Summary of Fund Product Information
Prepared on: February 6, 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 Minsheng Jiayin Enterprise FOF Fund Code 501221
Fund Management People's Health Bank of Canada Fund Management Co., Ltd. Fund Custodian Bank of Communications Co., Ltd
Effective date of fund contract - listing exchange and listing date Shanghai Stock Exchange
Fund type Fund transaction currency RMB
Other modes of operation Open ended Frequency The Fund will be closed for operation in the first year after the contract comes into effect, and subscription and redemption businesses will not be opened during the closing period. After the closing period of the Fund expires and the Fund is converted into a listed open-ended fund, investors can start to handle subscription and redemption business on the opening day of the Fund.
The date when Su Xin, the Fund Manager, began to serve as the Fund Manager of the Fund-
Securities practice date: September 1, 2013
Other venues are referred to as progressive FOF
Expansion is referred to as Minsheng Jiayin Enterprise FOF
After the Fund Contract comes into force, if the number of fund share holders is less than 200 or the net asset value of the Fund is less than 50 million yuan for 20 consecutive working days, 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 within 10 working days and propose solutions, including continuous operation, conversion of operation mode, merger with other funds or termination of fund contracts, and convene a general meeting of fund share holders within 6 months.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Please read the "Fund Investment" section of the Prospectus for details
Investment Objective The Fund strives for long-term steady appreciation of the Fund's assets by optimizing the Fund's investment portfolio on the premise of reasonable risk control.
Investment Scope The investment scope of the Fund includes financial instruments with good liquidity, including publicly offered tradable open-ended index securities investment funds, gold, commodity futures and other tradable open-ended securities investment funds (hereinafter collectively referred to as "ETFs"), domestic listed fixed open-ended funds and closed-end funds Domestic legally issued and listed stocks (including the main board, GEM and other stocks, depositary receipts and Hong Kong Stock Connect that are allowed to be listed by the CSRC
Underlying stock) Bonds (including national bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds, government supported institutional bonds, government supported bonds, local government bonds, convertible bonds, exchangeable bonds and other bonds permitted by the CSRC to invest) Asset backed securities, bond repurchases, bank deposits, inter-bank certificates of deposit, cash, and other financial instruments permitted by laws and regulations or the CSRC for fund investment (subject to the relevant provisions of the CSRC). The Fund is only a securities investment fund that is listed and traded through the stock exchange, and will not be subscribed or redeemed. If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager may include them into the investment scope after performing appropriate procedures. The proportion of the Fund's investment portfolio is: the proportion of the Fund's investment in equity ETFs is not less than 80% of the Fund's assets. During the period from one month before the end of the closing period to one month after the conversion to listed open-ended funds (LOFs), the Fund's investment is not subject to the aforementioned proportion. The investment proportion of the Fund's Hong Kong stocks shall not exceed 50% of the stock assets. After the closing period expires and is converted into a listed open-end fund (LOF), the total proportion of cash retained by the Fund or government bonds invested within one year of the maturity date shall not be less than 5% of the net asset value of the Fund, of which cash does not include settlement provisions, deposit margins, and purchase receivables. During the closing period, the Fund is not subject to the above 5% restrictions. If permitted by laws and regulations or the CSRC, the fund manager may adjust the investment proportion of the above investment varieties after performing appropriate procedures.
Main investment strategies The specific investment strategies of the Fund are divided into three levels: first, the allocation of major assets, that is, the investment proportion of various assets is determined according to the asset allocation model of Minsheng Plus Bank; Secondly, style and industry allocation, that is, according to the law of style and industry rotation and the internal logic of economic development, different style assets and industries are allocated at different stages of the economic cycle; Finally, ETF investment strategy, stock investment strategy, bond investment strategy, asset backed securities investment strategy, etc. Among them, style and industry allocation strategy and ETF investment strategy are the core strategies of the Fund.
Performance comparison benchmark: CSI 300 index yield × 75%+Hang Seng index yield (converted using valuation exchange rate) × 5%+China Bond comprehensive wealth (total value) index yield × 20%
Risk return characteristics The Fund is a fund of stock funds (FOF), and in general, the expected risk and expected return are higher than those of hybrid funds (FOF), hybrid funds, bond funds (FOF), bond funds, money funds (FOF) and money market funds. If the Fund invests in the stocks of the Hong Kong Stock Connect, it shall bear the unique risks arising from the differences in the investment environment, investment targets, market systems and trading rules under the Hong Kong Stock Connect mechanism.
（2） Portfolio Asset Allocation Chart/Regional Allocation Chart
Note: None.
（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 chart with the performance benchmark in the same period
Note: None.
3、 Expenses involved in investing in the Fund
（1） Fund sales related expenses
The following fees are charged in the process of subscribing/subscribing/redeeming funds:
Cost type share (S) or amount (M)/holding period (N) charge method/rate
Subscription fee M 0.80%
1,000,000≤M＜2,000,000 0.60%
2,000,000≤M＜5,000,000 0.40%
M ≥ 5000000 1000 yuan/transaction
Subscription fee (pre charge) M 1.00%
1,000,000≤M＜2,000,000 0.80%
2,000,000≤M＜5,000,000 0.60%
M ≥ 5000000 1000 yuan/transaction
Redemption fee N ＜ 7 days 1.50%
7 days ≤ N ＜ 30 days 0.75%
30 days ≤ N ＜ 180 days 0.50%
N ≥ 180 days 0.00%
Note: 1. The subscription rate and subscription rate in the above table are applicable to non pension customers investing in the Fund. For pension clients investing in the Fund,
In the direct marketing center of the fund manager, you can enjoy a discount of 10% of the subscription rate and subscription rate, but for the subscription rate and subscription fee specified in the above table
If the rate is a fixed amount, pension clients shall follow the rate provisions in the above table and no longer enjoy preferential rates.
2. The subscription and subscription rates in the above table are applicable to OTC units, and the fund's on-site and off-site redemption rates are consistent.
3. The exchange transaction fee shall be subject to the actual charge of the securities company.
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate
Management fee 1.00%
Custody fee 0.20%
Note: 1. In order to avoid repeated charges, the Fund Manager does not accrue management fees for other funds managed by the Fund Manager held by the Fund. book
The custodian of the Fund shall not charge custody fees for other funds held in the Fund's assets under its custody.
2. Information disclosure fees, accountant fees, attorney fees, legal fees, arbitration fees
The fees and taxes incurred by the general meeting of gold share holders, trading securities, funds, etc., as well as the listing fees and annual fees of funds, etc. shall be based on the actual amount incurred
Deduction of gold assets.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal.
The investment is risky, and investors should carefully read the Prospectus and other sales documents of the Fund when purchasing the Fund.
The main risks that may be encountered in investing in the Fund include: unique risks of the Fund, market risks, management risks, professional ethics risks, liquidity
Sexual risk, asset allocation risk, compliance risk, the expression of risk return characteristics of the Fund's legal documents and the fund risk rating of the sales agency may not be
Consistent risks and other risks. The Fund's unique risks include:
1. As one of the equity funds, the Fund's investment in equity ETFs is no less than 80% of the Fund's assets. Closing period of the Fund
During the period from the previous month to the month after conversion to LOF, the fund investment is not subject to the aforesaid proportion restrictions; The Fund invests in
The proportion of Hong Kong shares that are the subject of general bidding shall not exceed 50% of the stock assets. After the closing period of the Fund expires and the Fund is converted into a listed open-ended fund (LOF)
The amount (excluding settlement provisions, deposits, subscription receivables, etc.) or government bonds with a maturity date within one year shall not be less than the net asset value of the fund
5%. It has systemic risks to the securities market, cannot completely avoid the risk of market decline, and cannot guarantee the fund when the market rises sharply
Net worth can fully follow or exceed the market rise.
2. Risk of closed operation
After the fund contract comes into effect, it will be closed for operation in the first year. During the closing period, subscription and redemption businesses will not be opened, but investors can list and pay
Fund shares are traded through Shanghai Stock Exchange after the transaction. The fund units registered in the registration and clearing system will
After the fund units are transferred to the exchange, they can be traded through the Shanghai Stock Exchange.
3. Investment risk of publicly offered fund units
The publicly offered securities investment funds are different from bank deposits and bonds and other financial instruments that can provide fixed income expectations. They invest in the public offering
The collective securities investment funds may not only share the income generated by the fund investment, but also bear the losses caused by the fund investment. Different types of investments
Our fund will obtain different income expectations and will bear different degrees of risk.
4. Investment risk of asset-backed securities
5. Stock investment risk of Hong Kong Stock Connect
6. Investment risk of depositary receipts
7. The risk that the fund cannot be listed and traded
The listing of the Fund needs to meet specific conditions, and there is a risk that it cannot be listed and traded without meeting the listing conditions.
8. Fund listing risk
As the trading of funds may be suspended for specific reasons during the listing period, investors cannot buy or sell fund shares during the suspension period, resulting in risks; At the same time,
The liquidity risk of fund shares may be caused by insufficient liquidity after listing. In addition, in the event that the listing transaction requirements are not met or the
Under certain circumstances, the listing of the Fund may be suspended or terminated.
9. Discount premium risk
During the closed operation of the Fund, the Fund units can be listed and traded, and investors can buy and sell the Fund units in the secondary market. Subject to the supply and demand relationship of the market
Under the influence of various factors, investors may face corresponding discount and premium risks when buying and selling fund units.
（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, but does not guarantee that the Fund will be profitable,
Nor does it guarantee minimum returns.
When a fund investor acquires fund units in accordance with the fund contract, he or she becomes the holder of fund units and the party to the fund contract.
If the summary information of the fund product information changes significantly, the fund manager will update it within three working days. If other information changes,
The Fund Manager shall be updated once a year. Therefore, the content of this document may lag behind the actual situation of the Fund. If it needs to be timely and accurate
To obtain the relevant information of the Fund, please pay attention to the relevant temporary announcements issued by the Fund Manager.
As for the dispute settlement method of the Fund, investors should pay attention to the "Dispute Settlement" section of the Fund Contract.
5、 Other data query methods
For details of the following information, please refer to the fund manager's website www.msjyfund.com.cn or call the customer service hotline 400-8888-388 for consultation.
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