Taikang Semiconductor Quantitative Stock Selection Stock Sponsored Securities Investment Fund (Taikang Semiconductor Quantitative Stock Selection Stock Issuance
Summary of Fund Product Information
Prepared on: April 3, 2024
Date of delivery: April 9, 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
Fund Abbreviation Taikang Semiconductor Quantitative Stock Selection Initiator Fund Code 020476
Subordinate Fund Abbreviation Taikang Semiconductor Quantitative Stock Selection Stock Sponsorship C Subordinate Fund Transaction Code 020477
Fund Manager Taikang Fund Management Co., Ltd. Fund Custodian Shanghai Pudong Development Bank Co., Ltd
Effective date of fund contract - listing exchange and listing date-
Fund type Stock transaction currency RMB
Operation mode: ordinary, open, open, frequency: every open day
Date when Wei Jun, the Fund Manager, began to serve as the Fund Manager of the Fund-
Securities practice date: May 15, 2008
On the corresponding date three years after the effective date of other fund contracts, if the net asset value of the fund is less than 200 million yuan, the fund contract will automatically terminate, and the term of the fund contract may not be extended by convening a general meeting of fund share holders. If the Fund Contract continues to exist three years after it comes into force, and 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; If the number of fund unit holders is less than 200 or the net asset value of the fund is less than 50 million yuan for 50 consecutive working days, the Fund will enter into liquidation procedures and terminate in accordance with the provisions of the fund contract, without convening a general meeting of fund unit holders for deliberation.
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 selects relevant stocks in the semiconductor industry with quantitative investment methods, and strives to obtain long-term stable investment returns that exceed performance benchmarks.
Investment Scope The investment scope of the Fund mainly includes financial instruments with good liquidity, including domestic stocks publicly issued and traded in accordance with the law (including the main board, GEM and other stocks and depositary receipts that the CSRC allows funds to invest in), stocks, stock index futures, treasury bond futures Bond assets (including government bonds, local government bonds, financial bonds, corporate bonds, publicly issued subordinated bonds, convertible bonds, exchangeable bonds, pure bonds of convertible bonds with separate transactions, central bank bills, medium-term notes, short-term corporate bonds of securities companies, short-term financing bonds, ultra short-term financing
Securities, etc.), asset-backed securities, bond repurchase, bank deposits, money market instruments, inter-bank deposit receipts, credit derivatives, and other financial instruments permitted by laws and regulations or the CSRC for fund investment. The proportion of the Fund's investment in stocks accounts for 80% - 95% of the Fund's assets, of which the proportion of investment in stocks of Hong Kong stocks is not more than 50% of the stock assets, and the proportion of investment in stocks related to the semiconductor industry is not less than 80% of the non cash fund assets; At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures contracts and treasury bond futures contracts, the amount of cash or government bonds with a maturity date of less than one year shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits and subscription receivables.
Main investment strategy (I) Definition of semiconductor industry 1. Upstream supporting industries of semiconductor industry chain, including semiconductor materials, semiconductor equipment, electronic design automation software and integrated circuit modules. 2. The manufacturing industry in the middle of the semiconductor industry chain mainly produces various semiconductor products. 3. Downstream application enterprises with semiconductor as the main competitive element include listed companies with computer, consumer electronics, industrial electronics, photovoltaic modules, aerospace, intelligent vehicles, communication equipment, Internet of Things and other downstream application products of semiconductor industry chain as their core businesses. （2） Major asset allocation strategy: The Fund will judge the changes in the future market investment environment and the main driving factors and variables of market development through the equity investment decision-making analysis system constructed by the Fund Manager, and use Taikang quantitative asset allocation model to determine the expected returns and risks of the three major categories of assets, namely, stocks, bonds and currency market instruments, Determine the optimal allocation proportion of the three and adjust it timely. （3） Stock investment strategy: 1. Industry allocation strategy The Fund uses a combination of qualitative and quantitative methods to analyze each sub industry of the semiconductor industry, judge the current position and future development direction of each sub industry, and adjust the allocation proportion of the sub industry. 2. Individual share investment strategy The Fund selects individual shares mainly through the multi factor model independently researched by the fund manager, controls portfolio risk in combination with the risk model, optimizes the transaction cost of the portfolio through the transaction cost model, and ultimately generates the portfolio through the portfolio optimization model to pursue the performance level that exceeds the benchmark performance. The stock investment adopts a variety of quantitative stock selection techniques, and combines them with qualitative analysis. 3. The fund assets of the Fund can also be invested in Hong Kong shares through the Hong Kong Stock Connect, as an important supplement to the A-share target. 4. The Fund may invest in depositary receipts. （4） Bond investment strategy: according to the needs of fund liquidity management and strategic investment, the Fund will invest in fixed income securities such as government bonds, financial bonds, corporate bonds and convertible bonds/exchangeable bonds. Bond investment strategies include duration management strategy, term structure allocation strategy, riding strategy, interest margin strategy, credit strategy, and individual bond selection strategy. （5） Investment strategy of asset-backed securities: evaluate the credit risk, interest rate risk, liquidity risk and prepayment risk of asset-backed securities by studying the issuance terms of asset-backed securities, market interest rate, composition and quality of supporting assets, cash flow of supporting assets, prepayment rate and other factors, Select the varieties with higher yield after risk adjustment for investment. （6） Investment strategy of other financial instruments: In participating in stock index futures trading, the Fund will aim at hedging in accordance with the principle of risk management. The Fund will appropriately participate in treasury bond futures trading based on the principle of prudence and will aim at hedging in accordance with the principle of risk management. The Fund will invest in credit derivatives for the purpose of risk hedging in accordance with the principles of risk management.
Performance comparison benchmark: CSI All refers to the return rate of semiconductor products and equipment index × 90%+the return rate of Hang Seng Index × 5%+the interest rate of bank demand deposits (after tax) × 5%
Risk return characteristics The Fund is an equity fund with higher expected risk and return than hybrid funds, bond funds and money markets
Market funds.
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
Redemption fee N ＜ 7 days 1.50%
7 days ≤ N ＜ 30 days 0.50%
N ≥ 30 days 0.00%
Note: No subscription fee or subscription fee is charged for Unit C of the Fund.
（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 0.10%
Sales service fee 0.40%
For other expenses, please refer to the "Fund Expenses and Taxes" section of the Prospectus
Note: The fees and taxes incurred by the Fund in dealing with securities 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 read the Fund carefully when buying the Fund
"Prospectus" and other sales documents.
The main investment risks of the Fund include market risk, credit risk and liquidity risk. Market risk means that the price of securities market is subject to various factors
The Fund's assets will face potential risks due to fluctuations caused by the impact of
Fluctuations in market prices. Credit risk means that the bond issuer defaults, refuses to pay the due principal and interest, or the credit quality of the bond issuer decreases
The credit risk also includes the risk of securities delivery caused by the default of the securities counterparty. Liquidity risk, namely fund management
The risk that the manager fails to realize the fund assets at a reasonable price in time to pay the redemption amount of investors. When the Fund holds specific assets and exists or has potential
When applying for large redemption, after the fund manager has enabled the side pocket mechanism, the fund share holders may face the situation that the side pocket account units are not redeemable
The risk that the time and price of asset realization are uncertain.
The Fund may not invest in Hong Kong stocks according to the needs of investment strategies or changes in the market environment of different allocation places; If you choose to invest in Hong Kong stocks,
Meet with the special risks brought by the differences in investment environment, investment object, market system and trading rules under the port side stock link mechanism. The fund is not lower than
80% of non cash fund assets will be invested in semiconductor industry related stocks, and the specific risks of such securities will become the main face of the Fund and investors
The investment income will be affected by macroeconomic, government industrial policies, changes in market demand, industry fluctuations and the company's own operating conditions
Under the influence of factors such as conditions, there may be a risk that the growth of the selected investment object is inconsistent with the consensus expectation of the market, resulting in the price performance of individual stocks being lower than expected
Insurance. The Fund can invest in science and technology innovation board stocks to meet the special features brought by the differences in investment objects, market systems, trading rules, etc. under the Pro Science and Technology Innovation Board mechanism
There are risks. The Fund may also participate in stock index futures and treasury bond futures trading, participate in stock subscription, invest in short-term corporate bonds of securities companies
Risks brought by asset backed securities, restricted circulation securities, depositary receipts, credit derivatives, etc. The Fund is an initiating fund, and the fund contract takes effect
If the net asset value of the fund is less than 200 million yuan on the corresponding day three years after the date of the fund contract, the fund contract will automatically terminate and the fund unit cannot be held
The National People's Congress will continue the term of the fund contract, and the fund share holders will face the risk of forced liquidation of the fund.
（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 gold manager is updated once a year. Therefore, the content of this document may lag behind the actual situation of the Fund. If it is necessary to obtain it in a timely and accurate manner
Please also pay attention to the relevant temporary announcements issued by the fund manager.
5、 Other data query methods
See the fund manager's website www.tkfunds.com.cn for details of the following information. The national unified customer service telephone number of the fund manager is
4001895522。
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 information
6、 Other information
Dispute resolution: 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 the China International Economic and Trade Arbitration Commission
The arbitration shall be conducted by Yi Arbitration Commission in accordance with the then effective arbitration rules. The place of arbitration shall be Beijing. The arbitral award shall be final and binding upon all parties
Binding. Unless otherwise determined by the arbitration award, the arbitration fee shall be borne by the losing party.
Investors should carefully read the fund contract and other legal documents, and timely pay attention to the appropriateness opinions issued by the sales agencies
The opinions of the sales agencies are not necessarily consistent, and the appropriateness matching opinions of the sales agencies do not indicate that they make substantive judgments or guarantees on the risks and returns of the fund. base
There may be differences between the risk return characteristics of the fund and the risk level of the fund in the gold contract due to different considerations. Investors should understand the risk of funds
The insurance income shall be carefully determined and the risk shall be borne by the Company in combination with its own investment purpose, duration, investment experience and risk tolerance.