Bosera CSI Information Technology Application Innovation Industry Index Sponsored Securities Investment Fund (Bosera
Summary of China Securities Information Technology Application Innovation Industry Index Sponsored C) Fund Product Information
Prepared on: April 29, 2024
Date of delivery: May 8, 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
Bosera Zhongzheng Information Technology Application Innovation Products
Fund abbreviation Fund code 021314
Industrial index initiative
Bosera Zhongzheng Information Technology Application Innovation Products
Subordinate fund abbreviation Subordinate fund code 021315
Industry index sponsor C
Fund Manager Bosera Fund Management Co., Ltd. Fund Custodian China Merchants Bank Co., Ltd
Effective date of fund contract-
Fund type Stock transaction currency RMB
Operation mode: ordinary open mode, open frequency, open subscription and redemption every open day
Started to serve as the Fund
-
Manager's Date Fund Manager Li Qingyang
Securities practice date: July 1, 2010
If the net asset value of the Fund is less than 200 million yuan on the corresponding date three years after the date of the Fund contract, the Fund
The Fund assets will be liquidated and terminated in accordance with the provisions of the Fund Contract, without the need to convene a general meeting of fund share holders for deliberation,
The Fund Contract shall not be renewed by convening a general meeting of Fund Unitholders. If the current laws and regulations or China Securities
If the above termination rules are cancelled, changed or supplemented due to changes in the rules of the Supervisory Commission, the Fund may refer to the then effective
Or the CSRC. If the Fund continues to exist after three years of the life of the Fund contract
Other Overview
During the renewal period, the number of fund share holders is less than 200 or the net asset value of the fund is lower than 20 working days in violation of the renewal
In the case of 50 million yuan, the Fund Manager shall disclose it in the periodic report; Violation of the foregoing for 50 working days
Under such circumstances, the Fund will liquidate and terminate its assets in accordance with the provisions of the Fund Contract, and there is no need to convene fund units
At the same time, the Fund Manager shall perform the relevant regulatory reports and information disclosure procedures. Laws and regulations or China
If the CSRC has other regulations, such regulations shall prevail.
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Investors are kindly requested to read Chapter IX of the Prospectus for details
The target index is closely tracked to minimize tracking deviation and tracking error. Under normal circumstances, the Fund strives to
The absolute value of the expected daily average tracking deviation between the investment target control portfolio's net value growth rate and non performance benchmarks is less than
0.35%, and the expected annual tracking error is not more than 4%.
The Fund mainly invests in underlying index constituent stocks and alternative constituent stocks (including depositary receipts).
Investment Scope In order to better achieve the investment objectives of the Fund, the Fund may invest in a small amount of non constituent stocks (including
Including GEM and other stocks and depositary receipts approved or registered for listing by the CSRC, bonds (including treasury bonds
Financial bonds, local government bonds, government supported institution bonds, corporate bonds, corporate bonds, publicly issued subordinated bonds, convertible bonds
Convertible bonds (including pure bonds of convertible bonds of separate transactions), exchangeable bonds, central bank bills, short-term financing bonds, ultra short
Long-term financing bonds, medium-term notes, etc.), asset-backed securities, derivatives (including stock index futures, treasury bond futures, stocks
Options), bond repurchase, money market instruments (including bank deposits, inter-bank certificates of deposit, etc.) and legal regulations or China
Other financial instruments that the CSRC allows the Fund to invest in (subject to the relevant regulations of the CSRC).
The Fund may participate in the securities lending business of non financing and refinancing in accordance with laws and regulations. Allowed by laws and regulations in the future
Under the premise, the Fund may participate in the securities lending business in accordance with relevant laws, regulations and rules.
The Fund may also invest in laws and regulations or
Other financial instruments that the CSRC will allow the fund to invest in in the future.
The proportion of investment in the Fund's stock assets shall not be less than 90% of the Fund's assets, including investment in the underlying index constituent stocks and alternative stocks
The assets of constituent stocks shall not be less than 80% of the non cash fund assets; Deduct stock index futures and stock period at the end of each trading day
After the trading margin required to be paid for rights and treasury bond futures contracts, it shall be kept not less than 5% of the net asset value of the fund in cash or due
Government bonds with a date of less than one year, of which cash does not include provisions for settlement, deposits and subscription receivables;
The investment proportion of stock index futures, stock options, treasury bond futures and other financial instruments is in accordance with laws and regulations or the regulatory authority's
Implement according to regulations.
If the relevant provisions of laws and regulations are changed or allowed by the regulatory authority, the Fund Manager may, after performing appropriate procedures
Adjust the above asset allocation ratio.
The Fund mainly adopts the full replication method to conduct investment, that is, to construct the index according to the benchmark weight of constituent stocks in the underlying index
Digitize the portfolio, and make corresponding adjustments according to the changes in the underlying index components and their weights. However, due to special circumstances (compared with
If the Fund is unable to effectively copy and track the underlying index due to insufficient liquidity, the Fund Manager may use other
Carry out appropriate substitution in a reasonable way. Special circumstances include but are not limited to the following circumstances: (1) restrictions of laws and regulations; （2）
The liquidity of the index component stocks of the main investment strategies is seriously insufficient; (3) The component stocks of the underlying index are suspended for a long time; (4) Other reasonable reasons
As a result, the Fund Manager's tracking of the underlying index constitutes a serious constraint. The Fund's investment strategy also includes bonds
Investment strategy (except convertible bonds and exchangeable bonds), investment strategy of asset-backed securities, convertible bonds and convertible bonds
Exchange bond investment strategy, derivatives investment/trading strategy, financing and refinancing securities lending business investment strategy, depository
Voucher investment strategy, etc.
Performance comparison benchmark: China Securities Information Technology Application Innovation Industry Index yield × 95%+bank demand deposit interest rate (after tax) × 5%.
The Fund is an equity fund, and its expected return and expected risk level are higher than those of hybrid funds and bond funds
Risk return characteristic money market fund. The Fund is a passive investment stock index fund, tracking the application and innovation industry of CSI information technology
Indexes with unmarked risk return characteristics have similar risk return characteristics of market portfolios.
（2） Portfolio Asset Allocation Chart/Regional Allocation Chart
nothing
（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
nothing
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)
100%
N ＜ 7 days 1.50%
Redemption fee of paid in assets
N ≥ 7 days 0.00%
Subscription fee:
There is no subscription fee for Class C fund units of the Fund
Subscription fee:
There is no subscription fee for Class C fund units 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
Fixed proportion of management fee 0.50%
Fixed proportion of custody fee 0.10%
Fixed proportion of sales service fee 0.30%
Information disclosure fees related to the fund will not be paid after the fund contract becomes effective, which are otherwise stipulated by laws and regulations and the CSRC
except; Accounting fees, notarial fees, attorney fees, legal fees and arbitration fees related to the Fund contract
Other expenses; Expenses for the general meeting of fund share holders; Securities, futures and options trading expenses of the Fund; Bank of the Fund
Remittance expenses; Account opening fee and account maintenance fee; Value added tax in the process of investment and operation of fund assets;
Other expenses that may be disbursed from the fund assets in accordance with the relevant national regulations and the fund contract.
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 carefully read the Prospectus and other sales documents of the Fund when purchasing the Fund.
Investors should carefully read the Fund Contract, Prospectus and other legal documents, and timely pay attention to the appropriateness opinions issued by the Company
The opinions on appropriateness are not necessarily consistent, and the appropriateness matching opinions of the Company do not indicate that they make substantive judgments or guarantees on the risks and returns of the Fund.
The risk return characteristics of the fund in the fund contract are different because of different factors. Investors should understand the risk return of the fund,
Make prudent decisions and bear risks by combining their own investment purpose, duration, investment experience and risk tolerance, and should not accept sales that do not meet the requirements of laws and regulations
Sales behavior and distant plan promotion data.
1. The Fund's unique risks
(1) The risk of passive investment.
1) The risk of the underlying index. That is, because of the defect in the preparation method, the performance of the underlying index may not be as good as the overall market performance,
Due to the immaturity of the preparation method of the underlying index, it may also lead to a large index adjustment, increase the investment cost of the fund, and possibly increase the tracking error
income from investment. 2) The risk of the underlying index falling. Most of the Fund's assets will be used to track the underlying index, and the performance will follow the underlying index
Fluctuation; At the same time, the Fund will maintain a high stock position under most circumstances, and may face a negative impact on the net value of the Fund during the decline of the stock market
The risk of simultaneous decline of the underlying index. 3) Track the risk of deviation. The return rate of the Fund's investment portfolio may be adjusted or revised due to the underlying index
Methods, cash dividends distributed by component stocks, liquidity risk (component stocks are suspended, delisted or have poor liquidity and other reasons that make the Fund unable to adjust the investment portfolio in a timely manner or
Bear large impact costs), operating expenses of the Fund (transaction costs, fund management fees, custody fees, etc. in securities investment), bond investment, etc
The return rate of the fund fails to perform, and the benchmark return rate deviates greatly. 4) Risk of changes in the underlying index. According to the plan of the fund contract, the subject matter refers to
The original target index is not suitable to continue to be the investment target index and performance benchmark of the Fund due to the non release of the number compilation and other reasons, and the Fund may change the target
The investment portfolio of the fund will be adjusted accordingly. The return risk characteristics of the fund may change. Investors must also bear the
Risk does not cost. 5) The risk that the index compiling organization stops serving. The underlying index of the Fund is issued, managed and maintained by the index compilation agency. The future index
The compilation institution may stop the management and maintenance of the index for various reasons, and the Fund will work ten times from the date of this situation according to the provisions of the fund contract
Report to the CSRC within days and propose solutions, such as changing the operation mode, not merging other funds or terminating the fund contract, and call
Voting at the general meeting of fund share holders. Therefore, investors will face the risk of changing the operation mode, not merging other funds or terminating the fund contract.
From the time when the index compiling institution stops compiling and publishing the underlying index to the time when the solution is determined, the fund manager shall follow the latest
The index information on the trading day shall follow the principle of priority for the interests of fund share holders to maintain the investment operation of the fund. During this period, due to the fact that the underlying index is no longer updated, it may
As a result, there are differences in market performance that are irrelevant to the index performance, affecting investment returns. 6) The risk of suspension of component stocks. The component stocks of the underlying index may be faced with various reasons
Occasionally or for a long time, when component stocks are suspended, they may face the following risks: a. The fund may not be able to adjust the portfolio in time, resulting in tracking deviation and tracking
The tracking error is enlarged. b. Under extreme circumstances, the underlying index component stocks may be suspended in a large area, and the fund may not be able to sell the component stocks in time to obtain full compliance
The fund manager may take measures to postpone the payment of redemption money or suspend the redemption, and investors will face failure to obtain redemption on time
The risk of repayment or failure to redeem all or part of the Fund units. 7) The risk of component stock delisting. The component stocks of the underlying index face obvious negative events
If there is delisting risk and the index compiling agency has not made any adjustment for the time being, the Fund Manager will give comprehensive consideration to the constituent shares in accordance with the principle of giving priority to the interests of fund share holders
Based on the delisting risk, its weight in the index and its impact on tracking error, the component stock replacement strategy is formulated and the investment portfolio is adjusted accordingly.
8) Tracking error controls the risk of failing to reach the agreed target. The Fund strives to control the expected daily average between the portfolio's net value growth rate and the non performance benchmark
The absolute value of the tracking deviation degree is less than 0.35%, and the expected annual tracking error is not more than 4%, but it may be caused by the adjustment of the standard index preparation scale or other factors
If the tracking error exceeds the above range, the net value performance of the Fund may not be significantly different from the price trend of the index.
(2) Investment risk of stock index futures
The investment scope of the Fund includes stock index futures. The main risks of stock index futures include leverage risk, basis risk, contract extension risk and model risk
And the risk of compulsory closing positions.
1) Leverage risk. The stock index futures investment has the characteristics of high leverage, so it will amplify the profits or losses generated by the underlying assets and increase the income of the Fund
Volatility.
2) Basis risk. Basis refers to the difference between stock index spot price and stock index futures price. If the basis fluctuation is uncertain in the operation of the Fund
The Fund's investment may be affected by such circumstances as increased nature and adverse changes in the basis.
3) Contract extension risk. The futures contracts invested by the Fund mainly include stock index futures contracts of the current month and recent months. When the contract held by the fund is close to delivery
Cut the term, that is, the contract needs to be extended to the previous month. In the process of extension, price difference loss and transaction cost loss may occur, which will generate investment income
influence.
4) Model risk. The stock index futures contract is a virtual investment variety, and risk pricing needs to be carried out through the model during the investment process
Incorrect models or improper parameters may lead to incorrect estimation of risks or transaction prices, resulting in losses and damaging the investment income of the Fund.
5) The risk of compulsory closing positions. The daily debt free settlement system is adopted for stock index futures. If the margin is not replenished within the specified time, it will be
Compulsory closing positions may cause significant losses to the investment.
(3) Investment risk of treasury bond futures. Some assets of the Fund may be invested in treasury bond futures. The risk types of treasury bond futures market are complex,
It covers a wide range of areas and is characterized by amplification and unpredictability. Its risks mainly include market price risk caused by interest rate fluctuation, macro factors and policies
System risk caused by factor change, liquidity risk caused by market and capital liquidity, and institutional risk caused by imperfect trading system
And technical system risks caused by technical system failures and operational errors.
(4) Stock option investment risk. 1) Liquidity risk: due to the large number of stock option contracts and scattered transactions, the liquidity of the stock option market
Generally, it is lower than the futures market, especially the deep real value and false value stock options. The trading volume is scarce, and investors holding these stock options are likely to encounter failure
The situation of delivery and closing out. 2) Price risk: the price risk of the stock option buyer is the premium paid by him, and the risk is deterministic. Stock period
The price risk of the seller of rights is uncertain, but the royalties collected by the seller can provide corresponding protection, and can offset some losses when losses occur. 3) Operation
Risk: Operational risk refers to the risk caused by poor management or system implementation problems. As a derivative, stock option can
It can be used to manage risks, but if used improperly, it will also cause huge losses.
(5) The investment risk of asset-backed securities (ABS). Asset backed securities (ABS) is a kind of financial instrument with bond nature
The principal and interest paid come from the cash flow or residual equity generated by the underlying asset pool. Unlike stocks and general bonds, asset-backed securities are not for a certain operating entity
The right to claim the interests of, but the right to claim the cash flow and residual equity generated by the underlying asset pool, is a security backed by asset credit
The risks mainly include the transaction structure risk, the credit risk caused by the mismatch between the cash flow of the underlying asset pool and the cash flow of the securities due to various reasons, and the market
Liquidity risk caused by inactive transactions.
(6) Risk of new share subscription. The Fund may not participate in the subscription of new shares, and the changes of new share issuance policy, new share issuance mechanism and other factors affecting new share issuance will
Affect the risk return level of the Fund; Uncertainty of new share allotment ratio, lottery winning rate, or other issuance methods, as well as post listing market performance
The uncertainty of the Fund's investment returns will increase the risk.
(7) Main risks of financing and refinancing securities lending business. Specifically including liquidity risk, counterparty remote risk, market risk, advance or delay
Liquidation risk, tracking error risk, leverage effect, should amplify risk, guarantee ability and limit transaction risk, compulsory closing risk, operational risk, legal compliance
Risk, etc.
(8) The risk of investing in depositary receipts. The investment scope of the Fund includes depositary receipts, except for other funds that only invest in stocks in the domestic market
In addition to the common risks, the Fund will also face the risk of substantial fluctuations in the price of Chinese depositary receipts, even large losses, and non issuance of Chinese depositary receipts
Risks related to the mechanism, including differences in legal status, rights and other aspects between holders of depositary receipts and shareholders of overseas underlying securities issuers, may lead to
Risk; Risks that may arise from special arrangements made by holders of depositary receipts in terms of dividend distribution and voting rights; The deposit agreement automatically binds the depositary receipt
The risk of the certificate holder; The risk of price difference and fluctuation of depositary receipts caused by multi listing; Risk of dilution of the rights and interests of holders of depositary receipts; Depositary receipt
The risk of delisting; The issuer of the underlying securities that have been listed overseas may not have the risk of differences in the supervision of continuous information disclosure; Domestic and foreign laws
Other risks that may be caused by differences in legal system and regulatory environment.
(9) Risk of automatic clearing. If the net asset value of the Fund is less than 200 million yuan on the corresponding date three years after the date of the Fund contract
Fund assets will be liquidated and terminated in accordance with the provisions of the fund contract. It is not necessary to hold a general meeting of fund share holders for deliberation, and it is not allowed to hold fund shares
The Fund Contract shall be renewed by means of the general meeting of the holders. If the Fund continues to exist after "three years" of the Fund Agreement, it will rise within the duration of the Fund for 50 working days
If the number of current fund unit holders is less than 200 or the net asset value of the fund is less than 50 million yuan, the Fund will carry out the operation of the fund in accordance with the provisions of the fund contract
The gold property shall be liquidated and terminated without convening a general meeting of fund share holders, and the fund manager shall perform the relevant regulatory report and information disclosure procedures. because
The Fund is exposed to the risk of automatic liquidation.
2. General risks of the Fund: market risk (policy risk, economic cycle risk, interest rate risk, purchasing power risk, reinvestment risk, credit risk
Bond repurchase risk, operating risk of listed companies), management risk, liquidity risk, compliance risk, and the risk return characteristics of the Fund's legal documents are not stated
Risks and other risks that may be inconsistent with the fund risk assessment of the sales agency.
（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 invests in
The Fund has no risk. The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, good faith, prudence and diligence, but does not guarantee that the Fund will
Profitability is not guaranteed. The fund investor shall become the fund share holder and the party to the fund contract when he obtains the fund shares in accordance with the fund contract.
If the summary information of the fund product information is significantly changed, the fund manager will update it within three working days. If other information changes, the Fund Manager shall
It is updated once a year. Therefore, the contents of this document may lag behind the actual situation of the Fund. If it is necessary to obtain relevant information about the Fund 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
For the following information, please refer to the fund manager's website [website: www.bosera. com] [customer service hotline: 95105568]
(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
Dispute resolution: Both parties agree that all disputes arising from or in connection with this agreement, if not resolved through friendly negotiation,
The dispute shall be submitted to Shenzhen International Arbitration Court for arbitration in accordance with the then effective arbitration rules of Shenzhen International Arbitration Court. The place of arbitration shall be Shenzhen. arbitration award
It is final and binding on both parties. Unless otherwise specified in the arbitration award, the arbitration fee shall be borne by the losing party.