The investment scope of the Fund is financial instruments with good liquidity. Including domestic stocks issued and listed in accordance with the law (including main board, Growth Enterprise Market, depositary receipts and other stocks issued and listed with the permission of China Securities Regulatory Commission), and stocks and bonds listed in Hong Kong (including government bonds, local government bonds, government-backed institutional bonds, financial bonds, corporate bonds, corporate bonds, central bank bills, medium-term notes, short-term financing bonds, ultra-short-term financing bonds, convertible bonds, convertible bonds, etc.). ). Bank deposits, interbank certificates of deposit, cash, derivatives (including treasury bonds futures, stock index futures and stock options), credit derivatives and other financial instruments allowed by laws and regulations or China Securities Regulatory Commission to invest in the Fund (subject to the relevant provisions of China Securities Regulatory Commission).

The Fund mainly adopts the top-down analysis method to allocate large-scale assets, determine the investment ratio of stocks, bonds, cash and other assets, and pay attention to making forward-looking strategic judgments by tracking macroeconomic data (including GDP growth rate, industrial added value, PPI, CPI, market interest rate changes, import and export trade data, etc.). ) and the changing trend of policy environment. The definition of carbon neutrality in stock investment strategy (1) carbon neutrality refers to the total amount of carbon dioxide directly or indirectly produced by enterprises, groups or individuals in a certain period of time, and the goal of "net zero emission" is achieved by removing carbon dioxide. The measures to reduce carbon emissions in the Tenth Five-Year Plan are as follows: first, to build a modern energy system, we should vigorously increase the scale of wind power and photovoltaic power generation, improve the utilization rate of UHV transmission channels, and accelerate the intelligent transformation of power grid infrastructure; Secondly, to actively respond to climate change, it is necessary to promote clean, low-carbon, safe and efficient energy utilization methods and further promote low-carbon transformation in industries, construction, transportation and other fields; Finally, promote the construction of new cities, vigorously develop intelligent buildings, promote green building materials and build low-carbon cities. The investment target of the fund will focus on the relevant industrial chains and industries involved in the carbon emission reduction path under the carbon neutrality goal.