Capital preservation fund

The capital preservation fund promises not to lose money until the current period. From the perspective of their investment scope, they are all mixed funds with partial debts. Most of their assets are invested in fixed-income bonds to pay the current principal of investors, and only about 15%-20% of the funds are invested in stocks to improve the fund's return rate. Because the operation of the capital preservation fund is conservative, with capital preservation as the first goal, the probability of loss is extremely small and the income will not be very high.

At present, there are six capital preservation funds in operation in China, and the capital preservation period is 3 years except Cathay Jin Lu Phase II. Among them, Southern Hedge Fund and Yin Hua Capital Protection Fund are not allowed to purchase at any time except the date specially designated by the fund company during the capital protection period, and the other four funds can purchase at any time. All six capital preservation funds can be redeemed at any time, but the redemption rate during the guarantee period is much higher than other types of funds and they do not enjoy the capital preservation treatment. Therefore, in addition to special capital needs, it is not appropriate to redeem during the warranty period.

Except for Southern Hengyuan Capital Protection Fund and Jinyuan Lian Bi Capital Protection Fund, the other four companies will not protect the subscribed shares. Therefore, the capital preservation fund should be bought during the subscription period, which is generally not suitable for buying after its establishment.

In addition to the capital preservation technology used in the investment operation, the capital preservation fund also has a reputable guarantor. For example, the guarantor of Yin Hua Capital Protection is Capital Venture Group Co., Ltd. Airport Group Company, and the guarantor of China Guotai Jin Lu Capital Protection is China Yin Jian Investment Co., Ltd.

At present, there are 6 capital preservation funds in operation, which are described as follows:

1. Nanhengyuan (2022 1 1)

Established in 2008-11-12. The capital preservation period is 3 years. If the fund share holder holds it at maturity, the redemption amount will be increased.

If the sum of dividends is lower than the subscription or subscription amount, the fund company shall be responsible for making up the difference, and the guarantor shall bear irrevocable joint and several liability. The guarantor is China Investment Guarantee Co., Ltd. Whether the fund holder chooses to redeem, convert, transfer to the next guarantee period or transform into "Southern CSI 100 Index Securities Investment Fund", it will not affect the performance of the guarantor's guarantee responsibility.

In the case of applying the capital preservation clause: (1) The sum of the subscribed or subscribed fund share holders' due shares multiplied by the net due value plus accumulated dividends is lower than the subscribed or subscribed amount. (2) For the due share, the holder chooses to redeem, convert or transfer to the next capital preservation cycle.

Under the condition that the capital preservation clause is not applicable: (1) The sum of the due shares multiplied by the net due value plus the accumulated dividends of the fund share holders subscribed or subscribed shall not be less than the subscribed or subscribed amount. (2) Fund shares redeemed before the expiration date of the insurance period (excluding today). (3) Fund shares converted before the expiration date of the insurance period (excluding today).

If the Fund is not held and redeemed at maturity, the redemption rate is: holding period < 1.5 years, 2.0%; 1.5 years ≤ holding period < 3 years, 1.0%. The redemption rate from the holding date to the expiration date of the insurance period is 0.

2. Guotai Jin Lu Capital Protection Phase II

Established in June 2008-12, with a capital preservation period of 2 years. The expiration date of the second warranty period is June 20 17 10. third

The personal warranty period is 2 years, from July 2, 20 10 to July 2, 20 12. If the day is a non-working day, the expiration date of the insurance period will be postponed to the next working day. Term selection of the second insurance period: during the period from June 7, 2065438 to June 23, 2065438 (inclusive), the fund share holders can choose to redeem the fund and transfer it to other funds managed by the fund manager, or they can automatically default to the third insurance period without making a choice. Investors can subscribe for the Fund from 20 10 (inclusive) to 20 10 (inclusive). The subscription fee is the same as daily subscription: subscription amount (m including subscription fee), m < 500,000, 1, 2%; 500,000 ≤ m < 2 million, 0. 8%; 2 million ≤ m < 5 million, 0.4%; M ≥ 5 million yuan, 65438+M≥500 yuan. During this period, if the sum of the net asset value of the fund on that day and the subscription application amount on that day reaches or approaches the upper limit of the scale set by the fund manager according to the guaranteed amount of the third phase of the fund, the fund manager will suspend the transitional subscription business from the next day. The purchase price of investors during this period is calculated according to the net value of fund shares on the day when the application is accepted. The conversion date is 2065438+July 1 00. The fund shares held by registered fund share holders on the conversion date (including the fund shares purchased during the transition period and the fund shares transferred to the third insurance period by default after the end of the second insurance period) are registered as the net fund shares of 65,438+0.00 yuan on the premise of keeping the total net fund assets represented by the fund shares held unchanged, and the fund share amount is adjusted accordingly according to the conversion ratio. The net investment of the fund share holders subscribed during the transition period and the fund share holders transferred to the third insurance period by default after the end of the second insurance period of the Fund shall be subject to the capital preservation clause at the expiration of the third insurance period. The net investment value in the third insurance period refers to the net asset value represented by the fund shares subscribed by investors during the conversion period on the conversion date and the net asset value represented by the fund shares transferred to the third insurance period by default after the end of the second insurance period. The net investment is the capital preservation investment amount of the fund. The part redeemed in the third insurance period is not included in the net investment in the third insurance period. If the redeemable amount plus the accumulated dividends during the insurance period is lower than the net investment of the fund share holder when it expires, the fund manager shall, on behalf of the holder, ask the guarantor to fulfill the guarantee obligation, bear the payment difference and pay off in time. But there is no guarantee that the holder will redeem the share before the expiration. The share purchased during the warranty period is not subject to the capital preservation clause. The guarantor is China Yin Jian Investment Co., Ltd.

The fund redemption rate is: holding for less than 6 months (inclusive),1.8%; 6 months to 2 years, 1, 0%; Break even to days, 0.

3. Yin Hua's capital preservation and appreciation.

Founded on March 2, 2004, the warranty period is 3 years. 20 10-03-02 entered the third phase. For example, fund share holding

If the redeemable amount plus accumulated dividends during the capital preservation period is lower than the investment amount, the guarantor guarantees to pay the above difference to the holder and pay it off in time; The fund manager shall, on behalf of the fund holder, require the guarantor to fulfill the guarantee obligation. However, if the fund holder redeems in advance, this clause does not apply to the redemption part. The fund is guaranteed by Beijing Capital Venture Group Co., Ltd..

The redemption rate before the expiration of this week is: holding period Y≤ 1 year,1.8%; 1 year

& ltY ≤ two years. 0%; It's been two years.

4. Jinyuan Lian Bi Gem Power Breakeven

Founded on August 5, 2007, the warranty period is three years. The Fund promises to provide 1.0 1 yuan/share of subscription capital guarantee to investors who subscribe and hold due, and to provide 1.0 1 yuan/share of subscription capital guarantee to investors who subscribe and hold due, minus the accumulated dividends of each fund share from the start of self-insurance to the application date. If the net asset value plus the accumulated dividends during the holding period is lower than the bottom line of subscription or subscription, the guarantor shall pay the investor the difference between the net asset value of each fund share and the accumulated dividends during the holding period. The capital preservation clause does not apply to the following situations: (1) The redeemable amount of the fund share holder on the maturity date of capital preservation plus the accumulated dividend amount during its holding period shall not be lower than the subscription or subscription capital preservation bottom line; (2) Fund shares subscribed by fund share holders but redeemed before the maturity date of capital preservation (excluding the maturity date); (3) Fund shares subscribed by fund share holders but converted before the expiration date of capital preservation (excluding the expiration date).

The guarantor is Capital Airport Group Corporation.

The redemption rate of the Fund is: holding period ≤ 1 year, 2,0%; 1 year