161720, the full name of China Merchants Securities Co., Ltd., refers to the classification of securities companies. It is a structural fund and a non-closed-end fund.

Investment objectives of the China Merchants CSI All-Index Securities Company Graded Fund: The China Merchants CSI All-Index Securities Company Graded Fund conducts passive index investments and achieves effective tracking of the target index through strict investment discipline constraints and quantitative risk management methods, and obtains

Returns that are similar to the returns of the underlying index.

The investment goal of this fund is to keep the absolute value of the daily average tracking deviation between the fund's net return rate and the performance benchmark no more than 0.35%, and the annual tracking error no more than 4%.