2. Huitianfu Hang Seng Index Grading Fund belongs to stock funds, and its risks and returns are higher than those of hybrid funds, bond funds and money market funds. The Fund mainly invests in the underlying index constituent stocks and alternative constituent stocks, and has similar risk-return characteristics with the underlying index and the stock market represented by the underlying index, and is a product with medium risk and medium return among stock funds. The Fund is an overseas securities investment fund, which mainly invests in financial instruments with good liquidity in the Hong Kong securities market. In addition to general investment risks such as market fluctuation risks similar to those of domestic securities investment funds, the Fund also faces special investment risks such as exchange rate risks and Hong Kong market risks. In addition, from the specific fund shares held by investors, during the grading operation, due to the arrangement of fund income distribution, Hang Seng A share with stable income will show obvious characteristics of low risk and stable income, and its expected income and expected risk are lower than those of ordinary stock funds; The positive return share of Hang Seng B shows the remarkable characteristics of high risk and high return, and its expected return and expected risk are higher than those of ordinary equity funds.