One year holding period hybrid securities investment fund of Guoshou Security and Stable Germany
Summary of Fund Product Information
Prepared on: August 25, 2023
Date of delivery: August 28, 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: Guoshou Baoan Wende One year Holding Period Hybrid Fund Code 018143
Subordinate Fund Abbreviation: Guoshou Security and Steady De One year Holding Period Hybrid A Subordinate Fund Transaction Code 018143
Subordinate Fund Abbreviation: Guoshou Security and Steady De One year Holding Period Hybrid C Subordinate Fund Transaction Code 018144
Fund Manager Guoshou Anbao Fund Management Co., Ltd. Fund Custodian Bank of Communications Co., Ltd
Effective date of fund contract - listing exchange and listing date-
Fund type Mixed transaction currency RMB
Other open frequencies The Fund is open for subscription every open day, but the Fund sets a minimum holding period of one year for each fund unit held by investors. Before the expiration date of the minimum holding period of each fund unit (excluding the day), the fund unit holder cannot apply for redemption of the fund unit; From the expiration date (including the date) of the minimum holding period of each fund unit, the fund unit holder may apply for redemption of the fund unit.
The date when Wu Wen, the Fund Manager, began to serve as the Fund Manager of the Fund-
Securities practice date July 1, 2008
Note: The fund raising period is from September 1, 2023 to November 30, 2023.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Investment Objective The Fund mainly invests in fixed income financial instruments such as bonds, and strives to achieve long-term stable appreciation of the Fund's assets by selecting equity assets under strict risk control.
Scope of Investment The investment scope of the Fund mainly includes financial instruments with good liquidity, including stocks issued and listed in China according to law (including the main board, GEM and other stocks approved or registered for listing by the CSRC), stocks listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong Stock Connect") bond
Summary of product information of Guoshou Security and Stable Germany one-year holding period hybrid securities investment fund
(including treasury bonds, central bank bills, financial bonds, publicly issued subordinated bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, government backed agency bonds, government backed bonds, local government bonds, short-term corporate bonds of securities companies, convertible bonds (including convertible bonds with separate transactions) Exchangeable bonds and other bonds allowed to be invested by the CSRC), asset-backed securities, bond repurchase, credit derivatives, money market instruments, bank deposits (including negotiated deposits, time deposits, call deposits and other bank deposits), inter-bank deposit receipts, stock index futures, treasury bond futures Stock options and other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund, provided that they comply with the relevant provisions of the CSRC. The Fund may participate in financing transactions. 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: the proportion of the Fund's investment in stock assets, convertible bonds (including separable trading convertible bonds) and exchangeable bonds in the Fund's assets is 10-30%; The Fund shall not invest more than 50% of its stock assets in Hong Kong stocks. The proportion of the Fund's investment in interbank deposit receipts shall not exceed 20% of the Fund's assets. The proportion of the Fund's investment in convertible bonds (including separately traded convertible bonds) and exchangeable bonds shall not exceed 20% of the Fund's assets. At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures, treasury bond futures and stock options, the Fund holds no less than 5% of the net asset value of the Fund in cash or government bonds with a maturity date of less than one year, of which cash does not include settlement provisions, deposits, subscription receivables, etc. If laws and regulations change the above investment proportion requirements, the Fund will make corresponding adjustments in a timely manner, and the adjusted investment proportion shall prevail.
Main investment strategies The Fund analyzes the development trend of the macro-economy and the securities market through the combination of quantitative and qualitative methods, assesses the systematic risk of the market and the expected return and risk of various assets, reasonably formulates and adjusts the proportion of various assets such as bonds and stocks, and strives for stable appreciation of the investment portfolio on the basis of maintaining a relatively stable overall risk level. In the allocation of major assets, the Fund will give priority to the allocation of bond assets, and the remaining assets will be allocated to major assets such as stocks and cash. In addition to major bond and stock investments, the Fund can also further avoid risks and enhance returns for the Fund portfolio by investing in derivative instruments.
Performance comparison benchmark China Bond Composite (full price) Index yield * 80%+CSI 300 Index yield * 10%+Hang Seng Index yield * 5%+RMB demand deposit rate of financial institutions (after tax) * 5%
Risk return characteristics The Fund is a hybrid fund, and its expected return and expected risk are higher than those of money market funds and bond funds, and lower than those of equity funds. The Fund will invest in Hong Kong stocks, and bear the risk of exchange rate and overseas market.
Note: Please read the "Investment of the Fund" section of the Prospectus of the Fund for details.
（2） Portfolio Asset Allocation Chart/Regional Allocation Chart
Note: As of the preparation date of this product information summary, the Fund has not been established.
（3） The net value growth rate of the fund every year since the fund contract came into effect and the comparison chart with the benchmark performance of the same period
Note: As of the preparation date of this product information summary, the Fund has not been established.
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:
One year holding period hybrid A of Guoshou Security
Charge type share (S) or amount (M)/holding period (N) Charge method/rate remarks
Subscription fee M ＜ 1000000 0.60%-
1,000,000≤M＜3,000,000 0.40% -
Summary of product information of Guoshou Security and Stable Germany one-year holding period hybrid securities investment fund
3,000,000≤M＜5,000,000 0.20% -
M ≥ 5000000 1000 yuan/transaction
Subscription fee (pre charge) M ＜ 1000000 0.80%-
1,000,000≤M＜3,000,000 0.50% -
3,000,000≤M＜5,000,000 0.30% -
M ≥ 5000000 1000 yuan/transaction
Redemption fee - 0% investors need to hold the fund units of the Fund for at least one year. They cannot apply for redemption within one year's holding period. Redemption fees will not be charged for redemption after one year's holding period.
One year holding period hybrid C of Guoshou Security
Charge type share (S) or amount (M)/holding period (N) Charge method/rate remarks
Subscription fee - 0%-
Subscription fee (pre charge) - 0%-
Redemption fee - 0% investors need to hold the fund units of the Fund for at least one year. They cannot apply for redemption within one year's holding period. Redemption fees will not be charged for redemption after one year's holding period.
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate
Annual rate of management fee: 0.80%; 0.80% will be paid monthly, calculated daily and accumulated to the end of each month
Annual rate of custody fee: 0.15%; Calculated daily, accumulated to the end of each month day by day, 0.15% will be paid monthly
Sales service fee of GSA Baowende One year holding period Hybrid C annual rate: 0.40%; Calculated daily, accumulated to the end of each month day by day, and paid by month 0.40%
Note: Information disclosure fees, accountants' fees, attorney's fees, legal fees and fund unit holdings related to the Fund after the Fund Contract of the Fund comes into force
Expenses and taxes incurred by the general meeting, bank transfer, account opening, account maintenance, trading securities, futures, etc., and
Other expenses that may be disbursed from the fund assets shall be deducted from the fund assets according to the actual amount incurred in accordance with the relevant provisions of the State and the Fund Contract
Division.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal.
Summary of product information of Guoshou Security and Stable Germany one-year holding period hybrid securities investment fund
The investment is risky, and investors should carefully read the Prospectus and other sales documents of the Fund when purchasing the Fund.
Before investing in the Fund, investors should fully understand the product characteristics of the Fund, fully consider their own risk tolerance, and rationally judge the market
And bear all kinds of risks in fund investment.
The main risks faced by the Fund include market risk, management risk, professional ethics risk, liquidity risk, compliance risk and implementation side pocket
The impact of the mechanism on investors, risks and other risks brought by the Fund's specific investment strategy.
Risks arising from the Fund's specific investment strategy include:
(1) Risks of investing in Hong Kong stocks
1) Risk of failure in Hong Kong stock trading. During the pilot period of Hong Kong Stock Connect business, there are daily limit and total limit limits. Total line balance is less than one daily amount
If the securities trading service company of the Shanghai Stock Exchange stops accepting the purchase declaration from the next trading day of the Hong Kong Stock Connect, the Fund will face the possibility of failing to pass the Hong Kong Stock Connect
The risk of buying transactions; At the pre opening stage of the Stock Exchange of Hong Kong Limited, if the quota is used up on the same day, the new purchase order declaration will
Face the risk of failure; During the continuous trading period of the Stock Exchange, if the quota is used up on that day, the Japanese fund will face the problem that it cannot be used through the Hong Kong Stock Connect
The risk of buying a transaction.
2) Exchange rate risk. The Fund will invest in Hong Kong stocks, and submit the reference exchange rate for buying and selling Hong Kong dollars on which the order is based during trading hours
The reference exchange rate is not equal to the final settlement exchange rate. At the end of the trading day of Hong Kong Stock Connect, China Securities Depository and Clearing Corporation Limited conducted net exchange,
Allocate the exchange cost to each transaction according to the transaction amount, and determine the actual applicable settlement exchange rate of the transaction. Therefore, the Fund's investment is subject to exchange rate risk.
3) Risks in overseas markets.
① The Fund will invest in the Hong Kong market through the Hong Kong Stock Connect, including market access, investment quota, investable objects, tax policies, etc
Certain restrictions, and such restrictions may be adjusted continuously. Changes in these restrictions may cause the Fund to enter or exit the local market
Barriers, which will have a direct or indirect impact on investment income and normal purchase and redemption.
② The trading rules of the Hong Kong market are different from those of the mainland A-share market, and participate in Hong Kong shares under the "Shanghai Hong Kong Stock Market Trading Interconnection Mechanism"
Ticket investment will also face the following special risks, including but not limited to:
a) The Hong Kong stock market implements T+0 turnaround trading, and there is no limit on the rise and fall of individual stocks. The stock price of Hong Kong stocks may show more drastic shares than A-shares
Price fluctuation;
b) The trading day of Hong Kong Stock Connect is only the trading day when both Shanghai and Hong Kong are trading days and can meet the settlement arrangements
Under such circumstances, the Hong Kong Stock Connect cannot be traded normally and Hong Kong shares cannot be sold in time, which may bring some liquidity risk;
c) In case of typhoon, black rainstorm or other circumstances specified by the Stock Exchange of Hong Kong, the Stock Exchange of Hong Kong may close the market and invest
Investors will face the risk that they will not be able to carry out Hong Kong Stock Connect transactions during the period of market suspension; There are differences in transactions recognized by Shanghai Stock Exchange Securities Trading Service Company
Under normal circumstances, the securities trading service company of Shanghai Stock Exchange may suspend the provision of some or all Hong Kong Stock Connect services, and investors will face
The risk that Hong Kong Stock Connect transactions cannot be carried out during the suspension of services;
d) Hong Kong Stock Connect stocks acquired by investors due to the distribution and conversion of rights and interests of Hong Kong Stock Connect stocks, the acquisition of listed companies, or other abnormal circumstances
Securities listed on the Stock Exchange of Hong Kong other than Hong Kong Stock Exchange can only be sold through Hong Kong Stock Connect, but cannot be purchased, unless otherwise specified by the Shanghai Stock Exchange;
The subscription rights for the shares listed on the Stock Exchange of Hong Kong obtained due to the equity distribution or conversion of Hong Kong Stock Connect are listed on the Stock Exchange of Hong Kong
May be sold through the Hong Kong Stock Connect, but may not exercise its rights; Non profits obtained from equity distribution, conversion of Hong Kong Stock Connect or acquisition of listed companies
Securities listed on the Stock Exchange of Hong Kong may enjoy relevant rights and interests, but may not be purchased or sold through the Hong Kong Stock Connect;
e) Proxy voting. Since China Clearing is to submit the voting intention to Hong Kong Clearing after summarizing the investors' wishes, China Clearing has set
The scheduled collection period of willingness ends earlier than the collection period of Hong Kong Clearing; If there is no equity registration date for voting, the holding on the voting deadline shall be taken as the calculation basis
Quasi; If the number of votes exceeds the number held, the holding base shall be allocated in proportion.
(2) The Fund can invest in short-term corporate bonds of securities companies. Due to the non-public issuance and trading of short-term corporate bonds of securities companies
The number of investors is limited, and the potential liquidity risk is relatively large. If the credit quality of the issuer deteriorates or investors need to redeem a large number of assets,
Due to liquidity constraints, the Fund may not be able to sell short-term corporate bonds of securities companies it holds, which may adversely affect the net value of the Fund
Or loss.
(3) The Fund's investment scope includes asset-backed securities, the risk of which is mainly related to the quality of assets, such as the debtor's default
The level of the ability, the possibility of the debtor to exercise the right of set off, the extent to which the asset income is affected by natural disasters, wars and strikes, and the asset income
And the change of external economic environment. If the impact of the above factors on the asset backed securities on the stock index futures is low, the asset risk is small,
Summary of product information of Guoshou Security and Stable Germany one-year holding period hybrid securities investment fund
Otherwise, the risk is high.
(4) The Fund may participate in the trading of stock index futures and may face the risk of basis risk, the risk caused by the difference of contract varieties and the risk of subject matter. mark
The price difference between the stock index price and the stock index futures price is called the basis. Due to the uncertainty of basis fluctuation in stock index futures trading
The risk of is called basis risk. The risk caused by the difference of contract varieties refers to the price change of similar contract varieties under the influence of the same factors
Movement is different. There are two situations: 1) the direction of price change is opposite; 2) The range of price changes is different. The price of similar contract varieties
The difference in the variation range under the same factors also constitutes the risk of contract variety difference. The risk of subject matter is due to the investment portfolio and stock index period
The structure of the underlying index of the goods is not completely consistent, leading to the risk that the specific risk of the portfolio cannot be fully locked.
(5) The Fund may participate in treasury bond futures trading and may face market risk, basis risk and liquidity risk. Market risk is due to futures
The risk of changes in the value of futures contracts held due to market price fluctuations. Basis risk is one of the unique risks of the futures market
The risk that the fluctuation of the price difference between futures and spot will affect the hedging or arbitrage effect and cause unexpected profits and losses. Liquidity risk can be divided into two
Class I: One is liquidity risk, which refers to the risk that futures contracts cannot establish or close positions at the desired price in a timely manner. Such risk is often
Caused by the lack of breadth or depth of the market; The other is the capital volume risk, which means that the capital volume cannot meet the margin requirements, so that the head
The position faces the risk of being forced to close.
(6) The Fund can invest in stock options, which may face market risk, liquidity risk, counterparty credit risk, operational risk
Security risk, which may increase the volatility of the Fund's net value.
(7) The Fund includes financing into its investment scope. The financing business can improve the leverage of the Fund, which may bring high returns at the same time,
It can also generate large losses, including market risk, margin increase risk, liquidity risk and regulatory risk.
(8) To hedge credit risk, the Fund may invest in credit derivatives, which may face liquidity risk and repayment risk
Risk and price fluctuation risk. Liquidity risk refers to the inability to find counterparties or counterparties in the transaction transfer process of credit derivatives
Less risk that it is difficult to realize it at a reasonable price; Repayment risk refers to the risk caused by the uncontrollable market or
As the environment changes, the founding institution may have poor operating conditions or the cash flow used for repayment may deviate from the expectation, thus affecting the settlement of credit derivatives
Risk; The risk of price fluctuation refers to the credit risk caused by the changes in the operating conditions of the originator, the protected bond entity, or the interest rate environment
The risk of price fluctuation in derivatives trading. The Fund uses credit derivatives to hedge the credit risk of credit bonds. When the credit bonds default
The risk that the credit derivatives seller is unable or refuses to fulfill the credit protection commitment.
(9) The Fund is open for subscription every open day, but the Fund sets a minimum holding period of one year for each fund unit held by investors,
Each fund unit subscribed/subscribed by the investor must be held for at least one year, and cannot be redeemed before the expiration date of the shortest holding period (excluding that day)
apply. Each fund unit of the Fund can only be raised by the fund unit holder on the expiration date (inclusive) of its shortest holding period
Redemption application.
(10) The number of fund share holders of the Fund is less than 200 or the net asset value of the Fund is less than 50 million yuan for 50 consecutive working days
Under such circumstances, the Fund Manager shall carry out liquidation and terminate the Fund Contract in accordance with the agreed procedures of the Fund Contract, without convening the Fund Unitholders
It will vote, so the Fund faces the risk of automatic termination.
（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.
The performance of other funds managed by the fund manager does not constitute a guarantee for the performance of the fund.
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 also pay attention to the relevant temporary announcements issued by the Fund Manager.
The Fund's dispute resolution method: apply for arbitration at the China International Economic and Trade Arbitration Commission.
5、 Other data query methods
See the Fund Manager's website for the following information.
Summary of product information of Guoshou Security and Stable Germany one-year holding period hybrid securities investment fund
website: http://www.gsfunds.com.cn Customer service telephone: 4009-258-258
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