The relationship between sub-funds and parent funds: the sum of the market share of each sub-fund and the net value of the fund can be equivalent to the net value of the parent fund in the investment composition.

Sub-fund investment: Sub-funds are used to avoid risks. As the saying goes, "you can't put all your eggs in one basket."

Fund inferiority and priority: priority and inferiority "priority" and "inferiority" refer to the order of income distribution. Generally speaking, the priority will get lower fixed income first, and the inferior level will get residual income.