As a bond fund, the profits of Great Wall have increased steadily. As of June, 20 10, the yield of the fund in the past three months was 0.42%, ranking 37th among 123 bond funds. In the second quarter, based on the understanding that market liquidity will form a medium-term support for the bond market, the Fund believes that there are at least defensive opportunities in the bond market, so it increased the allocation of credit bonds, grasped the rising market of credit bonds in April and May, and made a great contribution to the portfolio. For equity investments, the Fund is not optimistic about the fundamentals and policies in the second quarter. We have always adopted the strategy of low position in the allocation of equity investment, which has played a certain balance and enhanced effect. The Fund believes that the investment environment in the bond market in the third quarter is relatively neutral and tight, and the asset portfolio is still dominated by bond investment allocation. In the third quarter, the allocation of equity investment will continue to adopt a cautious and conservative investment attitude and adhere to the balanced allocation strategy of low positions.

Great Wall Double Power is a stock fund. The fund's industry allocation in the second quarter focused on food and beverage, machinery and equipment. Due to avoiding the strong cycle plate and maintaining a low level, the performance in the second quarter was better. In the future, the Fund will adhere to the bottom-up selection strategy, actively allocate high-speed rail and insurance, actively allocate consumption, agriculture, new energy, energy conservation and emission reduction sectors after the valuation risk is released, and optimize the internal structure of the sectors. The fund is small in scale and flexible in allocation, which has certain advantages in the market where the trend market is difficult to appear.