Fuguo Foresight Value Hybrid Securities Investment Fund (Class C shares) Fund Product Information Summary
April 16, 2024 (as of April 15, 2024)
This summary provides important information about the Fund and is part of the Prospectus. Please read it before making an investment decision
The whole prospectus and other sales documents.
1、 Product Overview
Fund Abbreviation Wells Fargo Vision Value Hybrid Fund Code 019960
Share Abbreviation: Fuguo Vision Value Hybrid C Share Code 019961
Fund Manager Fuguo Fund Management Co., Ltd. Fund Custodian China Merchants Bank Co., Ltd
Effective date of fund contract - mixed fund type
Operation mode: ordinary, open, open, frequency: every open day
Transaction currency: RMB
Fund Manager Pu Shilin Date of appointment -
Securities practice date: March 1, 2008
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Investment Objective The Fund strives to obtain returns beyond the benchmark of performance for fund share holders mainly through selecting individual shares and risk control.
Scope of Investment The investment scope of the Fund includes financial instruments with good liquidity, including domestic stocks issued and listed according to law (including the main board, science and technology innovation board, GEM and other stocks permitted to be issued by the CSRC), Hong Kong stocks, depositary receipts Bonds (including government bonds, local government bonds, financial bonds, corporate bonds, government backed bonds, government backed institutional bonds, subordinated bonds, convertible bonds, separate transaction convertible bonds, central bank bills, medium-term notes, short-term financing bonds (including ultra short-term financing bonds), exchangeable bonds), asset backed securities, bond repurchase Bank deposits (including time deposits, negotiated deposits, call deposits, etc.), inter-bank certificates of deposit, stock index futures, credit derivatives, treasury bond futures, stock options, and other financial instruments permitted by laws and regulations or the CSRC for fund investment (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 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 stock and depositary receipts investment in the Fund's assets is 60% - 95% (of which, the proportion of Hong Kong stocks in the stock assets is 0% - 50%); At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures contracts, treasury bond futures contracts and stock option contracts, 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 reserves, deposits, and subscription receivables. If laws and regulations or regulatory authorities have changed the requirements of this proportion, after performing appropriate procedures, the changed proportion shall prevail, and the investment proportion of the Fund will be adjusted accordingly.
Main investment strategies The Fund will take "in-depth research, bottom-up, respect for personality, long-term return" as the investment philosophy, combine qualitative and quantitative analysis methods, and run the investment philosophy and analysis methods through the whole process of asset allocation, industry allocation, individual stock selection and portfolio risk management. In terms of stock investment, the Fund values the sustainability of corporate profit growth by balancing industry allocation, and takes the long-term development space of various industries, business models of enterprises, competitive barriers and other factors as the basis for stock selection. Through quantitative screening and qualitative analysis, select the stocks of listed companies with high cost performance ratio for investment, and strive to obtain investment returns that exceed the performance benchmark.; The Fund's investment in depositary receipts will be based on the investment objectives and stock investment strategies, and on the research and judgment of the investment value of the underlying securities.; In terms of bond investment, the Fund will adopt
Active investment strategy; See the legal documents for the investment strategies of the Fund's stock index futures, treasury bond futures, stock options, asset-backed securities and credit derivatives.
Performance comparison benchmark: CSI 300 index yield * 70%+Hang Seng index yield (converted using valuation exchange rate) * 10%+China Bond comprehensive full price index yield * 20%
Risk return characteristics The Fund is a hybrid fund, and its expected return and expected risk level are lower than those of equity funds and higher than those of bond funds 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.
Note: For details, please read the relevant contents of the "Fund Investment" section in the Prospectus.
3、 Expenses involved in investing in the Fund
（1） Fund sales related expenses
Expense Type Amount (M)/Holding Period (N) Rate (ordinary customer) Rate (specific customer)
Redemption fee N ＜ 7 days 1.5%
7 ≤ N ＜ 30 days 0.5%
N ≥ 30 days 0
Note: The subscription and subscription fees are not charged for Class C fund units of the Fund, and the redemption fees are charged when investors redeem the Fund. Please
See the relevant contents of the Prospectus.
（2） Fund operation related expenses
Fee category Annual rate/charging method
Management fee 1.20%
Custody fee 0.20%
Sales service fee 0.60%
Note: The above expenses will be deducted from the fund assets; The fees and taxes incurred by the Fund in dealing with securities shall be paid from the fund assets according to the actual amount incurred
Property deduction.
4、 Risk disclosure and important tips
（1） Risk disclosure
The Fund does not provide any guarantee. Investors may lose their investment principal. Investment is risky, investors should read carefully when buying funds
Read the Fund's Prospectus and other sales documents.
The risks in the Fund's investment include: systematic risks caused by the overall environment of the securities market, and non systematic risks unique to individual securities
Risk, liquidity risk caused by massive redemption or collapse, operational risk generated during fund investment, default due to settlement and investment in bonds
The credit risk, the unique risk caused by the fund investment object and investment strategy, etc. Fund manager reminds investors of fund investment
The principle of "buyer's conceit". After investors make investment decisions, the investment risks caused by changes in the operation status of the fund and the net value of the fund,
The investor shall be responsible for it.
The unique risks of the Fund include: 1. The Fund is a hybrid fund, and the shares and depositary receipts of the Fund account for
The proportion is 60% - 95% (of which, the proportion of Hong Kong shares in the stock assets is 0% - 50%). Stock market of common underlying of mainland and Hong Kong stocks
Both market and bond market changes will affect the performance of the fund, and the net value performance of the fund may be affected. The Fund Manager will
Give play to the advantages of professional research, strengthen in-depth research on the market and securities fundamentals, and continue to optimize portfolio allocation to control specific risks.
2. Investment risk of stock index futures
The Fund may invest in stock index futures, which adopt the margin trading system
There is leverage. When an adverse market situation occurs, a small change in the stock price index may cause greater losses to investors' equity.
3. Investment risk of treasury bond futures
The Fund can invest in treasury bond futures. If it invests in treasury bond futures, it may face market risk, basis risk and liquidity risk.
4. Stock option investment risk
The Fund invests in stock options, which may face market risk, liquidity risk, basis risk, margin risk
Credit risk and various operational risks.
5. Investment risk of asset-backed securities
The Fund can invest in asset-backed securities, which are still in the initial stage of development in the domestic market, with low liquidity and high returns
And there are certain investment risks.
6. The Fund may invest in Hong Kong stocks, which are the common underlying stocks of Hong Kong stocks. The investment risks include:
1) The Fund will invest in the Hong Kong market through the "Hong Kong Stock Connect"
There are certain restrictions on policies and other aspects, and such restrictions may be constantly adjusted. Changes in these restrictions may affect the Fund's access
Or exit from the local market, which will have a direct or indirect impact on investment income and normal purchase and redemption.
2) The Hong Kong market trading rules are different from the mainland A-share market rules. In addition, participation in Hong Kong stock investment under the Hong Kong Stock Connect will also
Temporary risks include, but are not limited to, the following special risks: price limit, different trading days, temporary market suspension, trading mechanism, proxy voting, exchange rate
Risk, daily limit limit of Hong Kong Stock Connect, etc.
3) The Fund may choose to invest some of its assets in Hong Kong according to the needs of its investment strategy or the changes in the market environment of different allocation places
Shares may choose not to invest the fund assets in Hong Kong shares, and the fund assets are not necessarily invested in Hong Kong shares.
7. DR risk
The Fund's investment in depositary receipts will not only bear the common risk of investment in domestically listed stocks, but also bear the risk of investment in depositary receipts
Unique risks related to new enterprise issuance, overseas issuers and trading mechanisms.
8. Risks of investing in stocks on the Science and Technology Innovation Board
The Fund can invest in the Science and Technology Innovation Board. If the Fund invests in the stocks of the Science and Technology Innovation Board, it will meet with the investors under the mechanism of Pro Science and Technology Innovation Board due to the investment target and market
Unique risks caused by differences in systems and trading rules.
9. Credit derivatives investment risk
In order to hedge credit risk, the Fund may invest in credit derivatives, which may face liquidity risk and compensation
Payment risk and price fluctuation risk.
（2） Important tips
The registration/approval of the offering of the Fund by the CSRC does not indicate that it makes a substantive judgment on the value and income of the Fund or
The guarantee does not mean that there is no risk in investing in the Fund. The Fund Manager shall manage in accordance with the principles of conscientiousness, honesty, prudence and diligence
The management and use of fund assets do not guarantee that the fund will be profitable, nor does it guarantee the minimum return. Fund investors acquire funds in accordance with the fund contract
The fund units shall become the fund unit holders and the parties to the fund contract.
All disputes related to the Fund or the Fund Contract shall be submitted to the Shenzhen International Arbitration Court for arbitration. The arbitral award is final
All parties to the arbitration shall be binding.
If the summary information of the fund product information changes significantly, the fund manager will update it within three working days, and other information changes
Moreover, the fund manager is updated once a year. Therefore, the contents of this document may lag behind the actual situation of the Fund, such as
It is necessary to obtain the relevant information of the fund in a timely and accurate manner. Please also pay attention to the relevant temporary announcements and regular announcements issued by the fund manager
Disclosure of documents.
5、 Other data query methods
For the following information, please refer to the fund manager's website (www.fullgoal. com. cn), customer service hotline: 951056864008880688
(Unified nationwide, toll free)
1. Fund contract, custody agreement and prospectus
2. Regular reports, including quarterly reports, interim reports and annual reports of the Fund
3. Net value of fund units
4. Fund sales agency and contact information
5. Other important information