1. The difference between the subscription and subscription of Huabao S&P Oil Index Fund is that the procedures and trading hours of the fund are different, and the trading places of the fund are also different. Buying is based on the continuous buying bidding in the market, and it can be sold on the day of receipt. T+0 trading is implemented, with commission for buying and selling and no stamp duty for selling. Subscription is based on the net value after the close of the day. After the subscription entrustment is submitted, T+2 will arrive in the account, and there will be subscription fees.

2. Warburg S&P Oil Index Fund is an American stock index securities investment fund with higher risk and expected return than hybrid funds, bond funds and money market funds, and it is a product with higher expected risk. The fund mainly invests in:

(1)S&P oil and gas upstream stock index constituent stocks and alternative constituent stocks;

(2) Public Offering of Fund and listed trading funds that track the S&P upstream stock index;

(3) Money market instruments such as fixed-income securities, bank deposits and cash, and other products or financial instruments that the China Securities Regulatory Commission allows the fund to invest in. The proportion of the Fund's investment in constituent stocks and alternative constituent stocks of the S&P oil and gas upstream stock index is not less than 80% of the fund's net asset value, and the proportion of investment in Public Offering of Fund and listed trading funds tracking the S&P oil and gas upstream stock index is not higher than 65,438+00% of the fund's net asset value; The proportion invested in cash or government bonds with maturity within one year shall not be less than 5% of the fund's net asset value. If future laws, regulations or regulatory agencies allow the Fund to invest in other varieties or change the investment ratio limit, the fund manager may adjust the investment scope and investment ratio of the Fund accordingly after performing appropriate procedures.