You can read the introduction.

Product Description of Harvest Strategic Growth Hybrid Fund (Short Edition)

First, the source of product design

1, investment demand orientation;

Enhanced version of Harvest Growth Fund, the upper limit of stock investment scope is relaxed from 75% to 95%; Stock investment adopts a combination of various investment strategies, and the target can also be growth-oriented large-cap stocks.

2. Market demand orientation

At present, Harvest Growth Fund customers are limited to the characteristics of ordinary customers in institutions and ICBC's main channels.

Second, the characteristics of the product

1, based on brand funds, with star fund managers taking the lead.

The Fund will continue the investment experience of Harvest Growth Fund and bring long-term excellent returns to investors. Harvest Growth Fund ranked first among all partial stock funds in recent three years, with the total return on stock investment reaching 150% and the net growth rate reaching 1 15%.

N was awarded the Golden Bull Award twice by china securities journal in 2004 and 2005;

N In 2004, the only open-end fund in all 1 10 was always rated as a "five-star" fund by Morningstar, an international authoritative fund rating agency;

N In 2005, the performance "value" of small and medium-sized funds ranked first;

N One of the four China Preferred Funds selected by Forbes in 2006;

N In the same year, it was awarded the best two-year RMB balanced hybrid fund by Lipper Company, a fund rating agency.

And won the "Top Ten Diamond Funds" award in China with "Good Investment".

N The fund is characterized by long-term low systemic risk and high excess return of Morningstar rating.

Shao Jian, a fund manager, is one of the best fund managers in China, with 9 years of experience in securities industry. He used to be a researcher at Guotai Junan Securities Research Institute, head of industry investment strategy group and deputy manager of industry company department, engaged in industry research, industry comparative research and asset allocation. He joined the investment department of harvest fund Management Co., Ltd. in July 2003. During his tenure, he has been the manager of Harvest Growth Stock Fund and a member of the investment decision-making committee.

2. The main and auxiliary strategies support each other and combine long-term benefits with immediate benefits.

The main strategy of the Fund is positive growth strategy, and the stocks invested in this strategy account for more than 80% of the stock investment ratio, which is the core asset of the stock portfolio and is reflected in long-term strategic investment. At the same time, according to the specific situation of the market, when there are short-term or major investment opportunities, we can obtain excess returns through cheap securities strategy and cycle reversal strategy, which is reflected in tactical investment. The mutual support of the main and auxiliary strategies can fully tap the huge potential of value enhancement that enterprises can obtain under different growth modes, effectively combine the long-term return on investment with the immediate income, and bring investors a higher growth premium.

3. Give full play to the advantages of growth valuation and explore and cultivate domestic advantageous enterprises.

Based on the judgment of China's long-term high economic growth, the Fund will give full play to the advantages gained in the investment management practice in evaluating the growth of enterprises, try to conduct all-round analysis and research on enterprises from the aspects of internal growth and driving factors, explore and invest in advantageous growth enterprises with huge development space in China, and share the long-term high growth performance returns with investors through the rapid growth of enterprises and the continuous development of the capital market.

4. The redemption application is clear and the rate is lowered.

In order to facilitate investors' capital planning, the Fund has defined the opening hours of subscription and redemption. Subscription shall not exceed 30 working days after the fund contract takes effect; Redemption begins on the 30th working day after the fund contract takes effect.

The subscription (subscription) rate standard designed by this fund is lower than most other stocks and hybrid funds.

Third, product overview

Name of Fund Harvest Strategy Growth Hybrid Securities Investment Fund

Fund type mixed fund

Fund custodian China Industrial and Commercial Bank of China Co., Ltd.

China Industrial and Commercial Bank Co., Ltd. and securities companies sell on a commission basis.

Shao Jian, fund manager

Fund performance benchmark Shanghai and Shenzhen 300 Index ×70%+ SSE government bond index ×30%

The benefits of investment ideas come from research, growth to create value, and strategic optimization returns.

The investment goal is to create higher medium and long-term asset appreciation for fund holders through effective strategy combination.

Scope of Investment The scope of investment of the Fund is financial instruments with good liquidity, including stocks, bonds, warrants issued and listed in China according to law and other financial instruments permitted by laws and regulations or China Securities Regulatory Commission. The allocation ratio of the Fund's stock assets is 30%-95%, the allocation ratio of bond assets is 0-65%, and the allocation ratio of warrants is 0-3% (except for special varieties specified by China Securities Regulatory Commission). Cash or government bonds with a maturity of less than one year shall not be less than 5% of the net asset value of the fund. If future laws and regulations or regulatory agencies allow the fund to invest in other varieties, the fund manager can include them in the investment scope after performing appropriate procedures; At the same time, with the permission of laws, regulations and regulatory agencies, the proportion of investment in related investment products such as warrants can be further expanded.

Investment strategy (I) Asset allocation The Fund will conduct a comprehensive analysis from the macro level, policy level, capital level and fundamentals, flexibly allocate large-scale assets according to market conditions, and reduce the systemic risks of the Fund. In terms of asset allocation, when there are enough investment targets with good expected returns, stock assets will be given priority, and the remaining assets will be allocated to bonds and cash assets. (II) Stock investment strategy The Fund will adopt a combination of top-down and bottom-up methods to build a portfolio through mutual support of various strategies. The strategy of stock selection is mainly positive growth strategy, supplemented by cheap securities strategy and cycle reversal strategy. 1, positive growth strategy. Give full play to the research and investment advantages of fund managers in growth-oriented enterprises, and make a comprehensive analysis from the perspectives of macroeconomic operation, industry prosperity, governance structure and development prospects of listed companies to find stocks with high growth and dynamic investment value. We believe that there are a large number of growth enterprises in China's capital market, which are mainly manifested as small giants in big industries, window companies under big groups and leading enterprises in industry integration. 2. Cheap securities strategy. Through the in-depth study of listed companies' assets and operating conditions, we can explore and invest those assets with potential revaluation value because of their land, brand, channels, equity and technology, so that their actual asset value is far greater than the current stock price. 3. Cycle reversal strategy. Study cyclical industries, and by analyzing investment growth, inventory changes, capacity utilization rate and demand changes, find enterprises in cyclical industries that have entered or are about to enter the recovery period of prosperity to invest, focusing on enterprises with high performance sensitivity and leading enterprises in the industry. 4. Industry configuration. The industry research team of the fund manager will evaluate the macro-economy and industry every quarter and give the industry rating. On this basis, the fund manager will submit the industry asset allocation plan to the Investment Committee every quarter in combination with the investment restrictions of the Fund and the investability of listed companies in various industries. After the approval of the investment decision-making committee, the fund manager will allocate assets accordingly and build a portfolio. (III) Bond investment strategy The types of bonds that the Fund can invest in include government bonds, financial bonds and corporate bonds (including convertible bonds). Bond investment adopts a "top-down" strategy. Through in-depth analysis of macro-economy, monetary policy and interest rate trends, as well as factors such as yield level, liquidity and credit risk of different bond varieties, based on value discovery, with long-term management strategy as the mainstay and yield curve strategy as the supplement, the combination of bonds and money market instruments that can provide stable income and high liquidity is determined and constructed. (IV) Warrant Investment Strategy The Fund will study the fundamentals of the securities that have won the bid in warrant investment, and estimate the warrant value by combining the option pricing model and the trading system of China stock market. The main strategies to be considered are: leverage strategy, value mining strategy, profit protection strategy, spread strategy, two-way warrant strategy, short selling protective call warrant strategy and buying protective put warrant strategy.