How to calculate the net value of graded funds;
Net value of basic shares of graded funds = net value of Class A shares * proportion+net value of Class B shares * proportion.
N is the actual number of days in the current year; T=min{ from the beginning of the year to T day, from the effective date of the fund contract to T day, and from the share conversion date to T day in a fiscal year}. Please refer to the prospectus for detailed calculation steps.
* The annual benchmark expected annualized expected return of the A share of Penghua Resources Classification is the one-year deposit benchmark expected annualized interest rate (after tax) +3%. The fund manager does not promise or guarantee that A-share holders should get the expected annualized expected return. For example, in the case of loss of fund assets in a certain fiscal year, A-share holders may face the risk of not getting the expected annualized expected return or even the loss of principal.
Investment strategy of 1 grade a
(1) Buy the undervalued Grade A and hold it for a long time to obtain a stable annualized expected interest return.
Grade A is usually a discount transaction, and the difference between the agreed expected annualized expected income and discounted cash is isomorphic to form the expected annualized expected income source of Grade A, that is, the implied expected annualized expected income. By purchasing Grade A with high expected annualized rate of return and holding it for a long time, the security of principal and the expected annualized rate of return of interest can be relatively stable.
(2) Find the underrated and overall discounted grade A and rotate it.
Calculate the discount rate of the parent fund and the implied expected annualized rate of return of Grade A every weekend, and choose Grade A with high implied expected annualized rate of return and high discount rate of the parent fund. Buy three Grade A with high ranking and good liquidity every week, and rotate every week.
(3) Purchase Grade A with discount expectation to obtain the expected annualized expected income.
Discount is the way to realize the value of graded A option. Under normal circumstances, about 75% of A shares will be converted into parent funds with a net value of 1 yuan. If you buy A-shares at a cost around 0.8 yuan, the expected annualized income from participating in the discount will reach nearly 15%. However, it should be noted that holding the graded A share will bear the risk of two-day net value fluctuation of the parent fund.
2. The investment strategy of Grade B..
(1) Study market and sector trends, and lock in investment industries or themes.
Graded funds mostly track industry or theme indexes. When choosing Grade B, we should first choose strong sectors according to industry fundamentals, relevant policies and hot events, and use leverage to outperform the index and the broader market. At the same time, Grade B is greatly influenced by market sentiment, and positive expectations can usually push prices up sharply.
(2) In the classification B of similar industries and themes, leverage, liquidity and discount premium are comprehensively considered.
There will be seven or eight graded funds in hot industries at the same time. At this time, you can choose Grade B with higher leverage and better liquidity, and avoid Grade B with higher premium of the parent fund to avoid the pressure brought by arbitrage.
(3) Avoid losses caused by participating in discounts.
Because of the pursuit of leverage, Class B usually trades at a premium, especially before discounting, with a high premium rate. If you trade at the market price and convert it into net value, it will bring huge losses.