Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
Profile of Nanfang Zhihong Hybrid Securities Investment Fund (Class C share) Fund Product
Yes (updated in June 2024)
Prepared on: June 13, 2024
Date of delivery: June 14, 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: Nanfang Zhihong Hybrid C Fund Code: 020646
South Fund Management Co., Ltd
Fund Manager Fund Custodian Bank of China Limited
company
Effective date of fund contract
Fund type Mixed transaction currency RMB
Common and open operation mode
Open frequency Every open day
Start to serve as the Fund
Fund Manager Jin Lanfeng Date of Fund Manager
Securities practice date: September 25, 2015
After the Fund Contract takes effect, the number of fund share holders is less than 200 for 20 consecutive working days
If the net asset value of the fund or the fund is less than 50 million yuan, the fund manager shall report it regularly
Disclosed in the notice; There are less than 200 fund share holders for 50 consecutive working days
other
Or if the net asset value of the Fund is less than 50 million yuan, the Fund Manager shall notify the Fund in a timely manner
If the fund contract is terminated by the custodian, there is no need to hold a general meeting of fund unit holders.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
Note: The Fund is a hybrid fund (partial equity hybrid fund).
2、 Fund investment and net worth performance
（1） Investment objectives and strategies
Note: See Part IX "Investment of the Fund" of the Prospectus of Southern Zhihong Hybrid Securities Investment Fund for details.
Invest in selected stocks on the premise of effectively controlling portfolio risk and maintaining good liquidity,
Investment objectives
Strive to achieve long-term stable appreciation of fund assets through professional research and analysis.
The investment scope of the Fund includes domestic legally issued and listed stocks (including the main board, GEM and
Other stocks and depositary receipts approved or registered for listing by the CSRC (the same below)
Hong Kong United Exchange within the scope of trading allowed by the trading interconnection mechanism with the Hong Kong stock market
Shares listed on the Exchange (referred to as "Hong Kong Stock Connect"), bonds (including domestic legally issued national
Investment scope: bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing
Bonds, ultra short term financing bonds, publicly issued subordinated bonds, bonds of government support institutions, government expenditures
Holding bonds, local government bonds, convertible bonds, exchangeable bonds and other securities
Bonds allowed to invest), asset-backed securities, bond repurchase, bank deposits (including negotiated deposits
Time deposits and other bank deposits), inter-bank deposit receipts, money market instruments, financial derivatives (including
Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
Including stock index futures, treasury bond futures, stock options, etc.) and fund investment permitted by the CSRC
Other financial instruments in accordance with the relevant provisions of the CSRC.
The proportion of the Fund's investment portfolio:
The proportion range is 60% - 95% (in which the proportion of Hong Kong Stock Connect stock investment shall not exceed that of stock assets
50%）。 At the end of each trading day, the Fund deducts stock index futures, treasury bond futures and stock options
After the transaction margin required to be paid, it shall be kept at least 5% of the net asset value of the fund in cash or
Government bonds with a maturity of less than one year. Cash does not include settlement reserves and guarantee deposits
Gold, subscription accounts receivable, etc.
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall
After proper procedures, it can be included in the scope of investment.
Relying on the investment research platform of the fund manager, the Fund closely tracks the development of China's economic transformation
The exhibition direction is to select companies with excellent quality and long-term value growth potential. Stock investment adopts
Main investment strategies
The strategy of combining quantitative and qualitative analysis. 1. Asset allocation strategy; 2. Stock investment strategy;
3. Bond investment strategy; 4. Financial derivatives investment strategy; 5. Asset backed securities investment strategy
Shanghai Shenzhen 300 Index yield × 65%+China Securities Hong Kong Stock Connect Composite Index (RMB) yield ×
Performance Benchmark
10%+yield of SSE treasury bond index × 25%
The Fund is a hybrid fund. Generally speaking, its long-term average risk and expected return are lower than that of shares
Ticket funds are higher than bond funds and money market funds. The Fund may invest in Hong Kong Stock Connect,
In addition to the general investment risks such as market fluctuation risks similar to domestic securities investment funds, risk return characteristics
In addition, the Fund also faces exchange rate risk, Hong Kong market risk and other overseas securities market investments
Special investment risks.
（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
Share (S) or amount
Expense Type (M)/Holding Period Charging Method/Rate Remarks
（N）
N ＜ 7 days 1.5%-
Redemption fee for 7 days ≤ N ＜ 30 days 0.5%-
30 days ≤ N 0%-
Note: One month is calculated as 30 days, and one year is calculated as 365 days.
The subscription rate and subscription rate of Class C fund units of the Fund are zero.
（2） Fund operation related expenses
The following expenses will be deducted from the fund assets:
Fee category Charging method/annual fee rate or amount collector
Management fee 1.20% Fund manager and sales agency
Custody fee 0.20% Fund custodian
Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
Sales service fee 0.60% Sales agency
After the Fund Contract comes into force and the Fund
Relevant information disclosure fees (legal
Regulations and other provisions of the CSRC
Except for); The Fund Contract takes effect
Accounting fees related to the fund
Lawyer fees, notarial fees, legal fees and
Arbitration fee; Fund unit holders
-Other fees and expenses; Securities/futures of the fund/
Option transaction costs; Bank of the Fund
Remittance expenses; Fund related accounts
Account opening and maintenance costs; Because of the investment port
All reasonable items arising from share trading
cost; According to relevant national regulations and
According to the Fund Contract, it can be set up in the
Other expenses disbursed in the fund property
Note: 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. submit a memorial to the emperor
The amount of middle-aged expenses is borne by the fund as a whole, not by a single unit category, and the annual amount is estimated. The final actual amount
The amount shall be subject to the disclosure in the regular report of the Fund.
（3） Calculation of comprehensive expenses of fund operation
-
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.
1、 Unique risks of the Fund
1. The Fund is a hybrid securities investment fund, and the proportion of stock (including depositary receipts) investment in fund assets is 60%-
95%, and the proportion of Hong Kong Stock Connect stock investment shall not exceed 50% of stock assets. Therefore, the stock market and
The changes in the bond market will affect the performance of the fund, so the performance of the net value of the fund may be affected.
2. Risks of investing in Hong Kong Stock Connect
The Fund invests in stocks listed on the Stock Exchange of Hong Kong within the scope of laws and regulations. In addition to the need to undertake
In addition to general investment risks such as market fluctuation risks similar to securities investment funds, the Fund also faces exchange rate risk, Hong Kong market
The unique risks faced by overseas securities market investment, such as risks, market systems and trading rules, include but are not limited to:
(1) Exchange rate risk; (2) Hong Kong market risk; (3) Risks arising from different systems or rules of the Hong Kong trading market;
(4) Risks arising from restrictions or adjustments of the Hong Kong Stock Connect system; (5) Legal and political risks; (6) Accounting system risk;.
(7) Tax risk.
3. The investment scope of the Fund includes stock index futures, treasury bond futures, stock options and other financial derivatives, which may give the Fund
Bring additional risks. Risks of investing in stock index futures and treasury bond futures include but are not limited to leverage risk, margin risk and futures
The risk caused by the reduction of the correlation between the price and the price of the fund investment variety; The risks of investing in stock options include but are not limited to the market
Market risk, liquidity risk, counterparty credit risk, operational risk, margin risk, etc; This may increase the Fund
Volatility of net worth.
Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
4. The Fund's investment scope includes asset-backed securities. There are credit risk, interest rate risk and liquidity in asset-backed securities
Dynamic risk, prepayment risk, operational risk and legal risk.
5. The risk of the Fund's investment in restricted securities.
The Fund may invest in restricted securities in circulation, so it may face the possibility of selling at a reduced price because it is unable to sell at a certain price
Risk, at the same time, due to the illiquid nature of the restricted negotiable securities, the Fund will be unable to circulate within a certain period of time after participating in the investment,
In the face of large-scale redemption of funds, liquidity risk may be caused by the inability to realize. At present, the Fund Manager
A sound internal control system has been established to comprehensively monitor the types, investment proportion, internal approval process
Information disclosure, daily risk monitoring and other links should be well prepared for crisis handling plans to ensure the legality and compliance of restricted circulation securities investment.
6. The Fund's income distribution methods include cash dividends and dividend reinvestment. For investors who choose to reinvest dividends,
The holding time of the shares obtained from reinvestment of dividends shall be calculated from the date of confirmation, and the shares shall be redeemed according to the Fund
Investors are kindly advised to select the applicable redemption rate and calculate the redemption fee according to the relevant legal documents.
7. Risk of termination of fund contract
After the Fund Contract comes into effect, the number of fund share holders is less than 200 or the fund
Where the net asset value is less than 50 million yuan, the fund manager shall disclose it in the regular report; 50 consecutive working days
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, the fund contract shall be terminated
No general meeting of fund share holders is required. The investor will face the risk of early termination of the Fund Contract.
8. Risk of investment in depositary receipts
The investment scope of the Fund includes depositary receipts issued and listed domestically in accordance with the law ("China Depositary Receipts")
In addition to the common risks faced by funds that only invest in stocks in the Shanghai and Shenzhen markets, the Fund will also face a significant increase in the price of China Depositary Receipts
The risk of fluctuations and even large losses, as well as risks related to the issuance mechanism of China's depositary receipts, including the holding of depositary receipts
Risks that may be caused by the difference between someone and the shareholders of overseas underlying securities issuers in terms of legal status and rights;
Risks that may arise from special arrangements made by holders of depositary receipts in terms of dividend distribution and voting rights; Automatic deposit agreement
The risk of binding the holders of depositary receipts; The risk of price difference and fluctuation of depositary receipts caused by multi listing; Depositary Receipt
The risk of dilution of the holder's equity; Risk of delisting depositary receipts; The issuer of underlying securities that have been listed overseas is continuing
The risk that there may be differences between the supervision of information disclosure and that in China; Possible differences between domestic and overseas legal systems and regulatory environment
Other risks.
2、 Market risk
The price of the securities market is affected by various factors, such as economic factors, political factors, investment psychology and trading system, resulting in
The risk caused by the change of fund income level mainly includes: 1. policy risk; 2. Interest rate risk; 3. Credit risk; 4、
Purchasing power risk; 5. Risk of bond yield curve change; 6. Reinvestment risk; 7. Bond repurchase risk; 8. Economic Week
Period risk; 9. Operating risks of listed companies.
3、 Common risks of open-end funds
1. Manage risk. 2. Liquidity risk. 3. Other risks.
4、 The expression of the risk return characteristics of the Fund's legal documents, the fund risk assessment of the sales agency, and the fund between the sales agencies
Risks that may be inconsistent in risk assessment
The statements on risk return characteristics in the investment section of the Fund's legal documents are based on the investment scope, investment proportion, securities
The general description of the general laws of the futures market represents the long-term risk return characteristics of the Fund in general market conditions.
Sales agencies (including fund manager direct sales agencies and other sales agencies) carry out risks on the Fund in accordance with relevant laws and regulations
Evaluation. Different sales agencies may adopt different evaluation methods, so the risk rating of sales agencies is different from that of funds
The expression of risk return characteristics in legal documents may be different, and the risk rating evaluation between sales agencies may also be different
Similarly, the sales agency may adjust the risk level of the fund regularly or irregularly based on its own evaluation method, but
Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
When a sales agency introduces a fund product to investors, the risk rating of the fund product on which it is based shall not be lower than that of the fund management
Results of risk rating assessment made by. When purchasing the Fund, investors shall complete the risk tolerance as required by the sales agency
The matching test between force and product risk.
5、 Liquidity risk assessment
(1) Subscription and redemption arrangements of the Fund
(2) Liquidity risk assessment of investment market, industry and assets
(3) Liquidity risk management measures in the case of huge redemption
(4) Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
In the case of large-scale redemption, the Fund may cause liquidity risk due to its inability to realize. If flow occurs
For sexual risk, the fund manager can implement the reserve plan on the premise of ensuring that investors are treated fairly after consultation with the fund custodian
The liquidity risk management tools used as auxiliary measures for liquidity risk management of fund managers under specific circumstances, including but not limited to
Not limited to postponing the handling of huge redemption applications, suspending the acceptance of redemption applications, delaying the payment of redemption funds, collecting short-term redemption fees
Suspend fund valuation, swing pricing, implement side pocket mechanism and other measures recognized by the CSRC. At the same time, the fund manager
We should always guard against possible liquidity risks, conduct daily monitoring of liquidity risks, and protect the interests of holders. Factuality
When applying the liquidity risk management tool for use, it may be impossible to pay the redemption amount within the time limit agreed in the contract.
6、 Risk of deviation between the return rate of fund portfolio and the benchmark return rate of performance comparison
The performance benchmark of the Fund is only used as a reference to evaluate the performance of the Fund, and the performance of the performance benchmark does not represent the actual performance of the Fund
International income situation. The objects and their weights invested in the actual operation of the Fund are not the same as the component bonds and their weights of the benchmark index
All consistent, there may be a risk that the return rate of the portfolio deviates from the benchmark return rate of performance comparison.
7、 The impact of implementing the side pocket mechanism on investors
The side pocket mechanism is a liquidity risk management tool that separates specific assets into a special side pocket account for disposal
And pay the fund share holders with the amount after the disposal and realization, in order to effectively isolate and resolve the risk. but
After the side pocket mechanism is enabled for the fund, the side pocket account units will stop disclosing the net value of the fund units and may not handle subscription, redemption and transfer
In other words, only the main pocket account units are normally open for redemption, so when the side pocket mechanism is activated, the holders of fund units will be on the activation side
After the bag mechanism, the main bag account share and side bag account share are held at the same time, and the side bag account share cannot be redeemed, which corresponds to specific assets
The realization time of is uncertain, and the final realization price is also uncertain and may be significantly lower than the side pocket mechanism
The Fund Unitholders may suffer losses due to the valuation of specific assets at.
During the implementation of the side pocket mechanism, the Fund does not disclose the net value of the side pocket account shares, even if the Fund Manager
The net realizable value or net value range of specific assets disclosed in the report at the end of the reporting period is not regarded as the final realization price of specific assets
Commitment, therefore, the fund manager does not undertake any guarantee and commitment for the fair value and final realization price of specific assets
Responsibility.
The fund manager will reasonably determine the purchase policy according to the operation of the main pocket account, so after the implementation of the side pocket mechanism, the main pocket account
It is possible to suspend the subscription of household shares.
After the side pocket mechanism is enabled, the fund manager only needs to consider the main pocket account when calculating various investment operation indicators and fund performance indicators
And according to relevant regulations, the decrease in the net assets of the fund caused by the split of the side pocket account assets shall be treated as investment loss,
Therefore, the performance indicators disclosed by the Fund cannot reflect the true value and changes of specific assets.
（2） Important tips
Nanfang Zhihong Hybrid Securities Investment Fund was approved by the CSRC on November 14, 2023 (ZJXK [2023] No. 2574)
Document registration and raising. The registration of the Fund raised by the CSRC does not indicate that it makes substantial contribution to the value and income of the Fund
Nor does it mean that there is no risk in investing in the Fund.
Summary of Fund Product Information of Nanfang Zhihong Hybrid Securities Investment Fund (Class C Shares) (updated in June 2024)
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 must be profitable and does not guarantee the minimum return.
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.
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 Shenzhen International Arbitration Court
The arbitration shall be conducted according to effective arbitration rules. The place of arbitration shall be Shenzhen. The arbitral award is final and binding on all parties
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.
The investor knows and agrees that the fund manager can provide marketing information, information and value-added services for investors, and can choose
If you choose to unsubscribe, please refer to the "Fund Unitholder Services" section of the Prospectus for specific service instructions.
5、 Other data query methods
See the official website of China Southern Fund [www.nffund. com] [customer service hotline: 400-889-8899] for the following information
● South Zhihong Hybrid Securities Investment Fund Contract
South Zhihong Hybrid Securities Investment Fund Custody Agreement
Prospectus of Southern Zhihong Hybrid Securities Investment Fund
● 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
6、 Other information
None at present.