Zhonggeng value flexibly allocates hybrid securities investment funds, The investment scope of the fund includes stocks issued and listed in China according to law (including small and medium-sized board, Growth Enterprise Market and other stocks approved by China Securities Regulatory Commission), bonds (including government bonds, central bank bills, financial bonds, corporate bonds, medium-term bills, short-term financing bonds, ultra-short-term financing bonds, subordinated bonds, government-supported institutional bonds, government-supported bonds, local government bonds, convertible bonds and other bonds or bills approved by China Securities Regulatory Commission), asset-backed securities, Bond repurchase, bank deposits (including agreement deposits, time deposits and other bank deposits), interbank deposit certificates, money market instruments, stock index futures, stock options and other financial instruments allowed by China Securities Regulatory Commission to invest in the Fund, but they must comply with the relevant regulations of China Securities Regulatory Commission. The proportion of the fund's investment portfolio is: the proportion of the fund's stock investment in the fund's assets ranges from 20% to 95%. At the end of each trading day, after deducting the trading margin required for stock index futures and stock option contracts, the Fund shall keep cash of not less than 5% of the fund's net asset value or government bonds with a maturity of less than one year, in which cash does not include settlement reserve, margin and subscription receivable.

Main investment strategies Asset allocation strategy: The Fund comprehensively analyzes macro factors such as the national fiscal and monetary policy situation, the performance of industries and profit cycles, stock market sentiment, capital supply and demand, and judges the development trend of the capital market by studying the macroeconomic environment at home and abroad, using quantitative and qualitative methods. Stock investment strategy: The Fund's stock investment will adopt the value investment strategy of selecting individual stocks from bottom to top, and actively select stocks with obvious valuation advantages and excellent quality in the market. Other strategies: bond investment strategy, stock index futures investment strategy, stock option investment strategy, asset-backed securities investment strategy, portfolio risk management strategy.