ICBC Credit Suisse Guozheng Hong Kong Stock Connect Technology Trading Open Index Securities Investment Fund Sponsored Feeder Fund
(Class A share)
Summary of Fund Product Information
Prepared on: April 12, 2024
Date of delivery: April 16, 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: Industrial and Commercial Bank of China Securities Hong Kong Stock Connect Technology ETF Sponsored Feeder Fund Code 019933
Subordinate Fund Abbreviation: ICBC Guozheng Hong Kong Stock Connect Technology ETF Sponsored Link A Subordinate Fund Transaction Code 019933
Fund management manual Bank Credit Suisse Fund Management Co., Ltd. Fund custodian China Securities Co., Ltd
Effective date of fund contract - listing exchange and listing date-
Fund type Fund transaction currency RMB
Operation mode: ordinary, open, open, frequency: every open day
Date when Zhao Xu, the Fund Manager, began to serve as the Fund Manager of the Fund-
Securities practice date: April 1, 2008
Other 1. If the net asset value of the Fund is less than 200 million yuan on the corresponding date three years after the effectiveness of the Fund Contract, the Fund Contract shall be terminated and may not be renewed by convening a general meeting of fund share holders. In addition, if the Fund Contract continues to exist three years after its entry 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 50 consecutive working days, the Fund Manager will terminate the Fund Contract after performing the liquidation procedures, without calling a general meeting of fund share holders for deliberation. 2. In the future, if the underlying index does not meet the requirements (except for the case that the underlying index does not meet the requirements due to factors other than the change of index compilation methods such as component stock price fluctuations), the index compilation institution exits, etc., the fund manager shall report to the CSRC within ten working days from the date of the occurrence of such situation and propose solutions, such as replacing the underlying index of the fund Change the operation mode, merge with other funds, or terminate the fund contract, and call a general meeting of fund share holders to vote within 6 months. If the general meeting of fund share holders is not successfully held or the voting on the above matters is not passed, the fund contract shall be terminated, unless otherwise agreed in "VII. Change of target ETF" of the "Fund Investment" section of the Fund Contract.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
For the investment arrangement of the Fund, please read the "Investment of the Fund" section of the Prospectus of the Fund for details.
The investment objective is mainly to invest in the Fund's target ETF. It adopts indexation investment, closely tracks the underlying index, and pursues the minimization of tracking error and tracking deviation.
Scope of Investment The target ETF of the Fund is ICBC Credit Suisse Guozheng Hong Kong Stock Connect Technology Trading Open Index Securities Investment Fund. The underlying index tracked by the Fund is the National Stock Exchange Hong Kong Stock Connect Technology Index. The Fund mainly invests in target ETF fund shares, underlying index constituent stocks and alternative constituent stocks (including depositary receipts). In addition, in order to better achieve the investment goal, the Fund may invest in a small amount of non constituent stocks (including the main board, GEM, science and technology innovation board, other stocks of Hong Kong Stock Connect investment subject issued and listed according to law, and other stocks and depositary receipts that the CSRC allows the Fund to invest in), stock index futures Bonds (including government bonds, local government bonds, government backed institution bonds, financial bonds, corporate bonds, subordinated bonds, convertible bonds (including convertible bonds with separate transactions), exchangeable bonds, central bank bills, medium-term notes, short-term financing bonds, ultra short-term financing bonds), asset backed securities, bond repurchase, bank deposits, money market instruments, interbank deposit receipts, And other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC). The Fund may participate in refinancing securities lending business. The proportion of the Fund's investment in the target ETF shall not be less than 90% of the net asset value of the Fund. At the end of each trading day, after deducting the trading margin required to pay for the stock index futures contract, the Fund shall maintain cash not less than 5% of the net asset value of the Fund or government bonds with a maturity date of less than one year, of which cash does not include settlement provisions, deposit margins, and subscription receivables.
The main investment strategy is to better achieve the investment objectives. The main assets of the Fund will be invested in the target ETF shares, and the proportion of these assets in the net asset value of the Fund will not be less than 90%. The Fund will not participate in the investment management of the target ETF. As required, the Fund can invest in the underlying index component stocks, alternative component stocks, and other assets and financial instruments agreed in the investment scope, with the purpose of enabling the Fund to better track the underlying index on the premise that it should pay for the purchase and redemption.
The benchmark for performance comparison is the return rate of the technology index of SSE Hong Kong Stock Connect (adjusted by exchange rate) × 95%+the interest rate of bank RMB current deposit (after tax) × 5%.
Risk return characteristics The Fund takes the ICBC Credit Suisse Guozheng Hong Kong Stock Connect Technology Trading Open Index Securities Investment Fund as the main investment variety, and the target ETF is a stock fund, so the long-term average risk and expected return level of the Fund is higher than that of hybrid funds, bond funds and currency market funds. The Fund is an ETF feeder fund that tracks the performance of the underlying index by investing in the target ETF and has risk return characteristics similar to the underlying index and the securities market represented by the underlying index. The Fund may also invest in the underlying stocks of the Hong Kong Stock Connect, and shall also bear the exchange rate risk and the unique risks arising from 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
None.
（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
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 ＜ 1 million yuan 0.80%
1 million yuan ≤ M ＜ 3 million yuan 0.60%
3 million yuan ≤ M ＜ 5 million yuan 0.40%
M ≥ 5 million yuan 1000 yuan/transaction
Subscription fee (pre charge) M ＜ 1000000 1.00%
RMB 1 million ≤ M ＜ RMB 3 million 0.80%
3 million yuan ≤ M ＜ 5 million yuan 0.60%
M ≥ 5 million yuan 1000 yuan/transaction
Redemption fee N ＜ 7 days 1.50%
N ≥ 7 days 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 0.45%
Custody fee 0.07%
Note: 1. 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.
2. The part of the Fund property invested in the target ETF will not be charged with management fees and custody fees.
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 Fund invests in the securities market, and the net value of the Fund will fluctuate due to the fluctuation of the securities market and other factors. Before investing in the Fund, investors should
Understand the product characteristics of the Fund, rationally judge the market, and bear all kinds of risks in the Fund's investment, including but not limited to:
Risk, management risk, compliance risk, operational risk, unique risk, risk of activating side pocket mechanism, risk of automatic termination of fund contract
Risks that may be inconsistent between the risk return characteristics of the fund legal documents and the fund risk assessment of the sales agency, and the main liquidity risks of the Fund
And other risks.
The Fund is a feeder fund of the target ETF, and the two have both connections and differences in investment methods, trading methods, etc. The Fund and its objectives
The performance of ETF funds may differ.
The Fund mainly invests in the target ETF. The specific risks of investing in ETF include the deviation between the target ETF's target index return and the average return of the stock market
Risk of deviation, risk of fluctuation of target ETF target index, risk of deviation between target ETF fund portfolio return and target index return
The risk of the change of the underlying index of the underlying ETF fund, the risk of the discount and premium of the transaction price in the secondary market of fund shares, and the reference to IOPV decision and IOPV calculation
Wrong risk, delisting risk, subscription/redemption risk, error risk of subscription and redemption list of target ETF, risk of third-party institution services, etc.
The Fund can invest in GEM stocks, and the risks it faces include but are not limited to corporate risks, risks of large stock price fluctuations, delisting risks and overseas risks
Enterprise risk.
The Fund can invest in science and technology innovation board stocks. The investment risks of science and technology innovation board stocks include but are not limited to liquidity risk, delisting risk and investment concentration risk
Risks of insurance, sharp fluctuation of stock price and unprofitable or even large losses.
The Fund can participate in the relevant business of Hong Kong Stock Connect under the trading interconnection mechanism between the mainland and Hong Kong stock markets. The Fund's assets invested in Hong Kong stocks will face
Under the Hong Kong Stock Connect mechanism, the unique risks arising from differences in investment environment, investment objects, market systems and trading rules, including but not limited to the Hong Kong stock market
Risk of large stock price fluctuation, exchange rate risk, possible risk caused by inconsistent trading days under the Hong Kong Stock Connect mechanism, and trading failure of Hong Kong stocks due to limit
Risk, other relevant risks in the overseas market, etc. The Fund can select the general department according to the needs of investment strategy or the changes of market environment in different allocation places
The sub fund assets are invested in Hong Kong stocks or choose not to invest the fund assets in Hong Kong stocks. The fund assets are not necessarily invested in Hong Kong stocks.
The investment scope of the Fund includes depositary receipts. If the Fund invests in depositary receipts, it may face the risk of substantial fluctuations in the price of Chinese depositary receipts or even large losses
Insurance, as well as risks related to innovative enterprises, overseas issuers, China Depositary Receipt issuance mechanism and trading mechanism.
The Fund can invest in stock index futures. The stock index futures adopt the margin trading system. Due to the leverage of margin trading, when adverse market conditions occur
A small change in the stock index may cause greater losses to investors' equity. The daily debt free settlement system is adopted for stock index futures
If the margin is replenished within the specified time, the position will be forced to be closed according to the regulations, which may cause significant losses to the investment.
The Fund can invest in asset-backed securities, which have certain risks such as price fluctuation risk, liquidity risk, credit risk, etc
Insurance.
The Fund may participate in refinancing securities lending business, and the risks it faces include but are not limited to liquidity risk, credit risk and market risk.
On the corresponding date three years after the Fund Contract comes into effect, if the net asset value of the Fund is less than 200 million yuan, the Fund Contract shall be terminated and shall not be passed
It shall be continued by convening a general meeting of fund share holders. In addition, if the Fund Contract continues to exist three years after it comes into effect, it will last for 50 consecutive working days
In the event that the number of fund unit holders is less than 200 or the net asset value of the fund is less than 50 million yuan, the fund manager will also pay
If the Fund Contract is terminated after the calculation procedure, there is no need to convene a general meeting of fund share holders for deliberation. Therefore, investors may also face automatic termination of the Fund Contract
Risk.
The Fund strives to control the absolute value of daily average tracking deviation within 0.35% and the annual tracking error within 4%, but
Adjustment of number preparation rules or other factors may lead to tracking error exceeding the above range, and the net value performance of the Fund may be compared with the index price trend
Large deviation.
The underlying index of the Fund is issued, managed and maintained by the index compilation organization, and the index compilation organization may stop pointing due to various reasons in the future
For the management and maintenance of the fund, the Fund may face the following problems: changing the underlying index of the fund, changing the operation mode, merging with other funds, or terminating the fund combination
Equal risk.
The underlying index component stocks may be temporarily or permanently suspended for various reasons. When the component stocks are suspended, the Fund may be unable to timely adjust the investment group
This results in the expansion of tracking deviation and tracking error.
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall consult with the Fund Custodian and
After the opinion of the accounting firm, the side pocket mechanism can be used in accordance with the laws and regulations and the fund contract, without the need to hold a general meeting of the fund share holders
Discussion. During the implementation of the side pocket mechanism, the fund manager will mark the fund abbreviation specially and will not handle the subscription and redemption of the side pocket account
The holder may face the liquidity risk of not being able to obtain the corresponding part of the side pocket account in time. The Fund Manager will
In the principle of maximizing benefits, the corresponding amount shall be paid to the side pocket account share holders in a timely manner by means of disposal and realization of specific assets
The realization time of fixed assets is uncertain, and the final realization price is also uncertain and may be significantly lower than that when the side pocket mechanism is enabled
The fund share holders may face losses due to the valuation of fixed assets.
（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
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. Due to the Fund Contract
Disputes arising from or related to the Fund Contract shall be handled in accordance with the provisions of the "Dispute Settlement and Applicable Law" section of 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 for the following information http://www.icbccs.com.cn Or call our customer service hotline 4008119999
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