Morgan Yuexiang Return 6-month holding period hybrid securities investment fund (Morgan
Joyshare Return 6 month holding period Hybrid C) Fund product information summary
Prepared on: March 11, 2024
Date of delivery: March 12, 2024
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
Morgan Yuexiang returns for 6 months
Fund abbreviation Fund code 019718
Periodic mixing
Morgan Yuexiang returns for 6 months
Subordinate fund abbreviation Subordinate fund code 019719
Periodic mixing C
Morgan Fund Management (China) Industrial and Commercial Bank of China Limited
Fund Manager Fund Custodian
Limited Company
Effective date of fund contract-
Fund type Mixed transaction currency RMB
Open subscription and investment every open day
The minimum holding period of investors is 6
Operation mode Other open frequency
Months, holding less than 6 months is not acceptable
Redemption application for months.
Start to serve as the Fund
-
Date of fund manager
Fund Manager Chen Yuanming
Securities practice date: July 1, 2009
After the Fund Contract comes into effect, the number of fund share holders is dissatisfied for 20 consecutive working days
If there are 200 persons or the net asset value of the fund is less than 50 million yuan, the fund manager shall
Disclosed in other periodic reports; In case of the above circumstances for 50 consecutive working days, the fund contract shall be terminated,
It is not necessary to convene a general meeting of fund share holders. When the laws and regulations or the CSRC provide otherwise,
From its provisions.
Note: The Fund is a partial debt hybrid fund
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
For details, please read Chapter IX "Investment of the Fund" of the Prospectus.
Investment Objective The Fund strives to achieve steady appreciation of fund assets on the basis of strict risk control.
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance
Or listed stocks, depositary receipts, Hong Kong stocks and bonds (including government bonds, central banks
Notes, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, super
Short term financing bonds, subordinated bonds, local government bonds, convertible bonds, exchangeable bonds and
scope of investment
Other bonds permitted by the CSRC to invest), asset-backed securities, bond repurchase, bank
Bank deposits, inter-bank certificates of deposit, stock index futures, treasury bond futures, laws and regulations or CSRC
Other financial instruments that the Fund is allowed to invest in (subject to the relevant provisions of the CSRC).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall
It can be included in the scope of investment after proper procedures are followed.
The proportion of the Fund's investment portfolio is: stocks, convertible bonds and deliverable bonds in the Fund's investment portfolio
The total investment ratio of bond exchange is 10% - 30% of fund assets (including investment in Hong Kong Stock Standard
The proportion of the shares shall not exceed 50% of the stock assets); Deductions of the Fund at the end of each trading day
Cash (excluding
Settlement provisions, deposits, subscription receivables, etc.) or policies with a maturity of less than one year
Government bonds shall not be less than 5% of the net asset value of the fund. The proportion of the Fund's investment in inter-bank deposit receipts does not exceed
20% of the fund assets. The Fund invests in convertible bonds (including separable trading convertible bonds)
And exchangeable bonds shall not exceed 20% of the fund assets.
If permitted by laws and regulations or the CSRC, the fund manager may, after performing appropriate procedures
Adjust the investment proportion of the above investment varieties.
The Fund will allocate assets from top to bottom according to the macroeconomic, policy and market environment,
Select specific investment targets from bottom to top in combination with fundamentals and quantitative analysis means, and then obtain
Stable excess return.
1. Asset allocation strategy
The Fund is mainly based on the macro economy, policy environment, interest rate trend, market technical indicators
Market capital composition and liquidity, systemic risks to the securities market at the current stage and in the future
Analyze and evaluate the risks and expected returns of various types of assets over a period of time, and combine the
The investment objectives and strategies of the Fund, and the allocation proportion of the Fund in various assets
Main investment strategy allocation pivot and adjustment scope. In the future, with the macro economy, market environment and investor structure
The asset allocation hub of the fund may be adjusted to realize the fund
Long-term stable income target.
2. Stock investment strategy
3. Investment strategy of depositary receipts
4. Hong Kong stock investment strategy
5. Bond investment strategy
6. Investment strategy of stock index futures
7. Investment strategy of treasury bond futures
Yield of CSI 800 Index × 15%+yield of CSI Hong Kong Stock Connect Composite Index × 5%+China Bond Composite Index
Performance Benchmark
Total price (total value) index yield × 80%
The Fund is a hybrid fund. Generally speaking, its long-term average risk and expected return are lower than
Equity funds are higher than bond funds and money market funds. If the Fund invests in Hong Kong Stock Exchange
Risk return characteristics
The stocks listed on the Stock Exchange will face the following problems under the Hong Kong Stock Connect mechanism:
Unique risks brought by differences in market systems and trading rules.
（2） Portfolio Asset Allocation Chart/Regional Allocation Chart
Portfolio Asset Allocation Chart
None.
（3） The net value growth rate of the fund every year since the fund contract came into effect and the comparison with the benchmark performance of the same period
chart
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:
Share (S) or amount (M)
Expense Type Charging Method/Rate Remarks
/Holding period (N)
The Fund
Redemption fee - 0.00%
Minimum holding
Deadline
6
month
Note: The subscription/purchase rate of the Fund units is 0.
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate
Management fee 0.80%
Custody fee 0.15%
Sales service fee 0.40%
Those that can be disbursed from the fund assets in accordance with relevant national regulations and the Fund Contract
other expenses
cost.
Note: The expenses and taxes incurred by the Fund in trading securities and futures 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.
The investment is risky, and investors should carefully read the Prospectus and other sales documents of the Fund when they want to buy the Fund.
1. Risks of investing in the Fund:
(1) Market risk
Main risk factors include: policy risk, economic cycle risk, interest rate risk, operating risk of listed companies, purchase
Force risk and credit risk.
(2) Managing risk
(3) Liquidity risk
(4) Specific risks
1) The total investment proportion of the Fund's stocks, convertible bonds and exchangeable bonds is 10% - 30% of the Fund's assets,
There is a big difference between the fund manager's prediction and the actual market performance, which leads to unreasonable asset allocation, thus affecting fund income
Risk of profit.
2) The Fund sets the minimum holding period for fund unit holders. Each fund unit held by the fund unit holder
The short holding period is 6 months, and fund share holders cannot handle redemption and conversion transfer out business within the shortest holding period. each
The holders of fund units may redeem and
Convert transfer out business. Therefore, fund share holders face the risk that they cannot redeem or convert transferred fund shares within the shortest holding period
Insurance.
3) Risk of automatic termination of the Fund
After the Fund Agreement of the Fund comes into effect, if the number of Fund Unitholders is less than 200 for 50 consecutive working days, or
If the net asset value of the fund is less than 50 million yuan, the fund contract shall be terminated, and the general meeting of fund share holders need not be held. so
Fund share holders may face the uncertainty risk of the automatic termination of the fund contract.
(5) Investment risk of asset-backed securities
(6) Investment risk of treasury bond futures
(7) Investment risk of stock index futures
(8) Investment risk of Hong Kong stocks
(9) Investment risk of depositary receipts
(10) Risk of enabling side pocket mechanism
(11) Operational or technical risk
(12) Compliance risk
(13) Risk of termination of fund manager's duties
(14) Other risks
2. Statement
(1) The Fund is not guaranteed by any government, institution or department at any level. Fund investors who wish to invest in the Fund must
Take the investment risk.
(2) In addition to the Fund Manager directly handling the sale of the Fund, the Fund is also sold through a fund sales agency,
However, the fund assets are not deposits or liabilities of the selling institute on a commission basis, nor are they guaranteed by the fund selling institute on a commission basis
It cannot guarantee the safety of its income or principal.
For complete risk disclosure of the Fund, please refer to the "Risk Disclosure" section of the Prospectus of the Fund.
（2） Important tips
The registration of the Fund by the CSRC does not mean that it makes substantive judgments or guarantees on the value and income of the Fund,
It does not mean 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 must be profitable and does not guarantee the minimum return.
Fund investors become fund share holders and parties to the fund contract when they acquire fund shares in accordance with the fund contract.
The parties agree that all disputes arising from or in connection with the Fund Contract, such as
If no settlement can be reached through good negotiation, either party has the right to submit the dispute to China International Economic and Trade Arbitration Commission at
In Beijing, arbitration shall be conducted in accordance with the then effective arbitration rules of the China International Economic and Trade Arbitration Commission. The arbitral award is final
And binding on all parties concerned. Unless otherwise determined by the arbitration award, the arbitration fee shall be borne by the losing party.
If the summary information of the fund product information changes significantly, the fund manager will update it within three working days. Other information
In case of any change, the Fund Manager shall update it once a year. Therefore, compared with the actual situation of the Fund, the contents of this document may
If you need timely and accurate information about the fund, please also pay attention to the relevant temporary information released by the fund manager
Announcement, etc.
5、 Other data query methods
See the Fund Manager's website for the following information
Website: am.jpmorgan.com/cn Customer service hotline: 400-889-4888
● Fund contract, custody agreement, prospectus
● Regular reports, including quarterly, interim and annual reports of the Fund
● Net value of fund units
● Fund sales agency and contact information
● Other important data