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Hybrid fund refers to a fund that invests in stocks, bonds, money markets and other tools at the same time, and has no clear investment direction. Its risk is lower than that of stock funds and its expected return is higher than that of bond funds. It provides investors with a tool to diversify their investments among different assets, which is more suitable for more conservative investors. According to the proportion of assets investment and its investment strategy, hybrid funds can be divided into partial stock funds (the proportion of stocks is 50%-70%, and the proportion of bonds is 20%-40%), partial debt funds (just the opposite of partial stock funds), balanced funds (the proportion of stocks and bonds is relatively average, about 40%-60%) and allocation funds (the proportion of stocks and bonds is adjusted according to market conditions). Xincheng emerging industry hybrid securities investment fund is a hybrid fund wealth management product issued by Xincheng Fund. The investment scope of the Fund is financial instruments with good liquidity, including domestic stocks (including small and medium-sized board, Growth Enterprise Market and other stocks listed with the approval of China Securities Regulatory Commission), bonds, money market instruments, warrants, asset-backed securities, stock index futures, laws and regulations or other financial instruments permitted by China Securities Regulatory Commission, subject to the relevant regulations of China Securities Regulatory Commission.

II. If laws, regulations or regulatory agencies allow the fund to invest in other varieties in the future, the fund manager may include them in the investment scope after performing appropriate procedures. Principle of income distribution 1. On the premise of meeting the dividend distribution conditions of relevant funds, the maximum number of income distributions of the Fund is 12, and the income distribution ratio of each fund share is not less than 25% of the distributable profit of each fund share on the income distribution base date. If the fund contract takes effect less than 3 months, there is no need to distribute the income; 2. There are two ways to distribute fund income: cash dividend and dividend reinvestment. Investors can choose cash dividends or automatically convert cash dividends into fund shares for reinvestment. If investors do not choose, the default income distribution method of the Fund is cash dividend.