Fund investment and net worth performance;

Investment objective and investment strategy: on the basis of strictly controlling risks and maintaining asset liquidity, strive to obtain investment beyond performance comparison benchmark.

Investment objective: Return on investment, pursuing long-term steady appreciation of fund assets. The investment scope of the Fund is financial instruments with good liquidity, including government bonds, local government bonds, financial bonds, corporate bonds, central bank bills, medium-term bills, short-term financing bills (including ultra-short-term financing bills), private debt of small and medium-sized enterprises, asset-backed securities, subordinated debt, pure debt part of separable convertible bonds, bond repurchase, interbank deposit certificates, bank deposits, treasury bonds futures and laws and regulations or the permission of China Securities Regulatory Commission. The Fund does not invest in equity assets such as stocks and warrants, nor does it invest in convertible bonds (except for the pure debt part of convertible bonds that can be traded separately) or convertible bonds.

Investment scope: If the future laws and regulations or regulatory authorities allow the fund to invest in other varieties, the fund manager will perform the corresponding procedures.

After the order, it can be included in the investment scope, and its investment ratio follows the laws, regulations and relevant regulations in force at that time.

The proportion of the fund's portfolio is as follows: the proportion of the fund's investment in bond assets is not less than 80% of the fund's assets, and the proportion of the fund's investment in short-and medium-term debt-themed securities is not less than 80% of non-cash fund assets; Every trading day

Finally, after deducting the trading margin required for treasury bonds futures contracts, the proportion of cash held by the Fund or government bonds with a maturity of less than one year is not less than 5% of the fund's net asset value, of which cash does not include settlement.

Calculate reserves, deposits, subscriptions receivable, etc.

The short-term and medium-term debt-themed securities referred to in the Fund refer to bond assets with a remaining maturity of no more than three years, mainly including government bonds, local government bonds, financial bonds, corporate bonds, corporate bonds, central bank bills, medium-term bills and short-term financing bills.

Financial instruments such as capital bonds (including ultra-short-term financing bonds), private debt of small and medium-sized enterprises, subordinated debt, and pure debt part of convertible bonds that can be traded separately. Where laws, regulations or regulatory agencies change the restrictions on the investment ratio of investment products, the fund manager may adjust the investment ratio of the above-mentioned investment products after performing appropriate procedures.

Specifically including:

1. Interest rate expectation strategy and duration management;

2. General configuration strategy;

3. Credit bond investment

4. Interest spread strategy;

5. SME investment strategy in private placement bond:

6. Asset-backed securities investment policy

7. Treasury bond futures investment strategy.

Performance benchmark: China Bond's new comprehensive wealth (1-3 years) index yield ×80%+ one-year time deposit interest rate (after tax) ×20%.

The fund is a bond fund, and its expected risk and expected return are lower than those of stock funds and hybrid funds.

Risk-return characteristics: higher than money market funds.