Original title: Announcement on opening the daily subscription, redemption and conversion and regular fixed investment business of China Merchants Zhenxuan Balanced Mixed Securities Investment Fund
Announcement sending date: January 20, 2022
1. Announcement of basic information
Note: Investor scope: Individual investors, institutional investors, qualified foreign investors who can invest in securities investment funds in compliance with laws and regulations, and other investors who are permitted by laws and regulations or the China Securities Regulatory Commission to purchase securities investment funds.
2. Processing time of daily subscription and redemption (conversion, regular fixed investment) business
Investors will handle the subscription and redemption of fund shares on open days. The specific processing time is the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange. If the Fund participates in Southbound Trading and the working day is not a Southbound trading day On the trading day, the Fund Manager can decide whether to open the subscription, redemption and switching business of the Fund according to the actual situation, and the specific announcement shall prevail at that time. Except when the fund manager announces the suspension of subscription and redemption in accordance with laws and regulations, the requirements of the China Securities Regulatory Commission or the provisions of the fund contract.
After the Fund Contract becomes effective, in the event of a new securities/futures trading market, changes in the trading hours of securities/futures exchanges, changes in the trading rules of Southbound Stock Connect, new business development or other special circumstances, the Fund Manager will, as the case may be, make changes to the aforementioned open days and The opening hours shall be adjusted accordingly, but shall be announced on the prescribed media in accordance with the relevant provisions of the “Measures for Information Disclosure” before the date of implementation.
3. Daily subscription business
3.1 Subscription amount limit
In principle, the minimum amount of a single purchase for the first and additional purchases by investors through the outlets of various sales agencies and the official website of the fund manager is 1 yuan (including the purchase fee); for purchases through the direct sales counter of the fund manager, the minimum purchase amount for the first time The amount is 500,000 yuan (including the subscription fee), and the minimum amount for a single additional subscription is 1 yuan (including the subscription fee). In practice, each sales agency may, on the premise of complying with the above provisions, increase the minimum amount for initial subscription and additional subscription according to the situation. The details are subject to the announcement of the sales agency. Investors must follow the relevant regulations of the sales agency.
When investors reinvest the fund income distributed in the current period, they are not subject to the minimum subscription amount.
3.2 Subscription fee
The Fund is divided into two types of fund shares, A and C, of which the subscription fee is charged for the A-type fund shares, and the subscription fee is not charged for the C-type fund shares. The subscription fee for Class A fund units of the Fund is classified according to the subscription amount. If an investor has multiple subscriptions within one day, the applicable fee will be calculated separately for each transaction.
Please refer to the table below for the subscription fee for Class A Fund Units of the Fund:
3.2.1 Front-end charges
3.2.2 Back-end charges
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3.3 Other Matters Related to Subscription
The subscription fee for Class A fund shares of the Fund shall be borne by the purchaser who subscribes for Class A fund shares, and is not included in the fund assets and is used for the marketing, sales, registration and other expenses of the fund.
The calculation method of the subscription fee for Class A fund units:
Net subscription amount = subscription amount / (1 + subscription rate), or net subscription amount = subscription amount – fixed subscription fee amount
Subscription fee = subscription amount – net subscription amount, or subscription fee = fixed subscription fee amount
The subscription fee is in RMB, and the calculation results are rounded off to the second decimal place, and the third decimal place is rounded off, and the part that is discarded will be returned to the Fund property.
4. Daily redemption business
4.1 Redemption share limit
For redemption through the outlets of various sales agencies and the trading platform on the official website of the Fund Manager, each redemption shall not be less than 1 fund unit. When or after the redemption, the fund unit holders shall manage the outlets of the sales agencies or the Fund for redemption. If the balance of the fund share retained by the official website trading platform is less than 1, it shall be redeemed in full at the time of redemption. In actual operation, the specific regulations of each sales agency and the trading platform on the official website of the fund manager shall prevail.
In the event of a large amount of redemption and other circumstances resulting in delayed redemption, the redemption processing and payment methods will be handled with reference to the terms of the fund contract regarding large-amount redemption or continuous large-amount redemption.
4.2 Redemption rate
Redemption fees are charged for both Class A fund units and Class C fund units of the Fund.
The redemption rates for Class A Fund Units of the Fund are shown in the table below:
The redemption rates for Class C fund units of the Fund are as follows:
4.3 Other matters related to redemption
Calculation method of redemption fee for Class A fund unit: redemption fee = redemption unit × net value of class A fund unit on the day of redemption acceptance × redemption fee rate
Calculation method of redemption fee for Class C fund units: redemption fee = redemption unit × net value of class C fund unit on the day of redemption acceptance × redemption fee rate
The redemption fee is in RMB, and the calculation result shall be reserved to the second decimal place, and the third decimal place shall be rounded off, and the part shall be returned to the fund property.
The redemption fee for Class A Fund Units shall be borne by the Fund Unitholders who redeem Class A Fund Units, and shall be charged when the Fund Unitholders redeem Class A Fund Units. For investors with a continuous holding period of less than 30 days, the full amount of the redemption fee will be included in the fund property; for investors with a continuous holding period of less than 90 days and not less than 30 days, 75% of the total redemption fee % shall be included in the fund property; for investors with a continuous holding period of not less than 90 days but less than 180 days, 50% of the total redemption fee shall be included in the fund property.
The redemption fee for Class C Fund Units shall be borne by the Fund Unitholders who redeem Class C Fund Units, and shall be charged when the Fund Unitholders redeem Class C Fund Units. The redemption fee charged to the holders of Class C fund units shall be fully included in the fund property.
If the mandatory provisions of the laws and regulations on the redemption fee are changed, the Fund will be revised in accordance with the new regulations, and there is no need to hold a general meeting of holders.
5. Daily conversion business
5.1 Conversion rate
(1) The total cost of switching between funds includes the redemption fee for the fund being switched out and the subscription fee for making up the difference.
(2) A redemption fee for the outgoing fund will be charged to the outgoing fund side of each switching application, and the redemption fee will be charged in accordance with the relevant laws and regulations, as well as the provisions of the fund contract and prospectus.
(3) At the transfer-in fund side of each switching application, when switching from a fund with a low subscription rate (fee) to a higher fund, the difference between the subscription fee of the transferred-in fund and the transferred-out fund will be charged; The corresponding subscription rate (fee) grade is calculated for the difference. When switching from a fund with a high subscription rate (fee) to a low subscription fee, no subscription supplementary fee will be charged.
(4) The fund conversion adopts the single calculation method. If the investor switches multiple times on the same day, the conversion fee shall be calculated in a single transaction.
(5) The continuous holding time of the transfer-in shares by the holder shall be counted from the date of confirmation of the transfer-in.
5.2 Other matters related to conversion
1. Opening day for conversion: The Fund will start daily conversion business from January 20, 2022. The opening day for the fund to handle the daily switching business is the trading day of the Shanghai Stock Exchange and the Shenzhen Stock Exchange (except when the fund manager announces the suspension of subscription, redemption, switching or regular fixed investment). The specific business processing time is subject to the time announced by the sales agency.
2. Unit switching: Fund switching is divided into switching-in and switching-out. If it is converted through the outlets of various sales agencies, the transferred fund share shall not be less than 1 share. If it is converted through the trading platform of the official website of the Fund Manager, the number of shares transferred each time shall not be less than 1. If the retained share is less than 1, it can only be redeemed at one time and cannot be converted.
3. Convert business rules
(1) Fund switching is only applicable to funds purchased from the same sales agency and managed by the fund manager for which the switching business has been opened.
(2) The fund manager can only accept the investor’s switching application on the day when both the transferred-out and transferred-in funds are traded.
(3) The Fund Manager may adjust the above principles according to the actual situation of the fund operation and without affecting the substantial interests of the Fund Unitholders.
6. Regular fixed investment business
“Regular fixed-amount investment business” means that investors can submit an application through the fund sales agency designated by the company, and agree on the deduction date, amount and method of deduction for each period. An investment method that automatically completes the deduction and fund subscription application in the bank account. Investors can still conduct daily subscription and redemption business while handling the “regular fixed investment business” of relevant funds.
Investors may agree with the sales agency on the fixed amount of deductions per instalment for the Fund’s application for regular fixed investment business, and the minimum deduction amount per instalment for regular fixed subscriptions shall not be less than RMB 10. The specific minimum deduction amount follows the regulations of the sales agency where the investor opens an account.
The subscription rate of the regular fixed subscription business is equivalent to the normal subscription rate, and the billing method is equivalent to the normal subscription business. If there is a discount rate, the relevant announcement of the sales agency shall prevail.
7. Fund sales agencies
7.1 Direct Selling Organizations
Direct selling agency: China Merchants Fund Management Co., Ltd.
China Merchants Fund customer service hotline: 400-887-9555 (toll free)
China Merchants Fund official website trading platform
Trading website: www.cmfchina.com
Customer service number: 400-887-9555 (free long-distance calls)
Tel: (0755) 83076995
Fax: (0755) 83199059
Contact: Li Jing
China Merchants Fund Institutional Business Department
Address: Room 1801, Building 3, Yard 1, Yuetan South Street, Xicheng District, Beijing
Tel: (010) 56937404
Contact: Jia Xiaohang
Address: 15th Floor, South Tower, Shanghai China Merchants Bank Building, No. 1088, Lujiazui Ring Road, Pudong New Area, Shanghai
Tel: (021) 38577388
Contact: Hu Zuwang
Address: 23rd Floor, China Merchants Bank Building, No. 7088 Shennan Avenue, Futian District, Shenzhen
Tel: (0755) 83190401
Contact: Zhang Peng
China Merchants Fund Direct Sales Service Contact Information
Address: Direct Sales Counter of China Merchants Fund Customer Service Department, 7th Floor, Times Technology Building, No. 7028 Shennan Avenue, Futian District, Shenzhen, Guangdong Province
Tel: (0755) 83196359 83196358
Fax: (0755) 83196360
Alternate Fax: (0755) 83199266
Contact: Feng Min
7.2 Indirect Sales Organizations
For specific non-direct sales agencies, please refer to the announcement on the fund manager’s website. Investors are advised to pay attention.
8. Disclosure arrangements for the announcement of the net value of fund units/announcement of fund income
From January 20, 2022, the fund manager will disclose the net value of various fund units and the cumulative net value of various fund units on the open day through the prescribed website, fund sales agency website or business outlet on the day after each open day. . The fund manager shall disclose the net value of various fund shares and the cumulative net value of various fund shares on the prescribed website no later than the day following the last day of the semi-annual and annual. Investors are advised to pay attention.
9. Other matters that need to be reminded
(1) This announcement only explains the open subscription, redemption and conversion of the Fund and regular fixed investment matters. If investors want to know the details of the fund, please read the fund contract, prospectus and other legal documents in detail.
(2) Investors in areas without sales outlets, and investors who want to know the details of the Fund and other relevant information, can log on to the Fund Manager’s website (www.cmfchina.com) or call the Fund Manager’s hotline Telephone enquiry. China Merchants Fund customer service hotline: 400-887-9555 (free long-distance calls).
(3) If there are any changes to the specific regulations regarding the opening of subscription, redemption and conversion of the Fund and regular fixed investment business, the Company will make a separate announcement.
(4) The Fund Manager may adjust the rates or charging methods according to the provisions of the Fund Contract, within the scope of not violating laws and regulations, and on the premise that there is no substantial adverse impact on the Fund Unitholders, and the new fees shall be adjusted at the latest. The rate or charging method will be announced on the prescribed media in accordance with the relevant provisions of the “Administrative Measures for the Information Disclosure of Publicly Offered Securities Investment Funds” before the implementation date.
(5) The fund manager may formulate a fund promotion plan according to market conditions without violating laws and regulations and the provisions of the fund contract, and on the premise that there is no substantial adverse impact on the existing fund share holders. Fund promotion activities are carried out on a regular basis. During the period of fund promotion activities, after performing necessary procedures as required by relevant regulatory authorities, the fund manager may appropriately reduce the subscription rate and redemption rate of the fund within the scope permitted by laws and regulations, and make an announcement.
(6) The fund manager can carry out preferential rate activities for specific investors (such as pension customers, etc.), please refer to the relevant announcement issued by the fund manager for details.
(7) In the event of large-amount subscription or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure the fairness of the Fund’s valuation. The specific handling principles and operating norms shall comply with the relevant laws and regulations, as well as the provisions of the regulatory authorities and self-discipline rules.
(8) Non-direct sales agencies can carry out discounts and preferential activities for subscription and fixed investment rates according to the actual situation. The specific discounts are subject to non-direct sales agencies.
(9) Investors should fully understand the difference between regular and fixed investment of funds and savings methods such as fractional deposits and lump-sum withdrawals. Regular fixed investment is a simple and easy investment method to guide investors to make long-term investment and average investment cost. However, regular fixed investment cannot avoid the inherent risks of fund investment, cannot guarantee investors to obtain returns, and is not an equivalent financial management method to replace savings. The fund manager promises to manage and use the fund assets with good faith, diligence and responsibility, but does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. Investors should carefully read the fund contract, prospectus and the latest prospectus update of the fund when investing in the fund. Investors are advised to pay attention to investment risk.
Special announcement.
China Merchants Fund Management Co., Ltd.
January 20, 2022