| Fund Code | 014022 |
| Operation Mode | Open-end |
| Fund Category | Hybrid |
| Inception Date | 15-12-2021 |
| Custodian | China Construction Bank |
| Benchmark | CSI 300 Index × A + CSI Aggregate Bond Index × (1-A) where A will change over time as specified in the table below: Time Frame A 1-A Effective date of contract -2025.12.31 50% 50% 2026.1.1-2028.12.31 48% 52% 2029.1.1-2031.12.31 45% 55% 2032.1.1-2034.12.31 39% 61% 2035.1.1-2037.12.31 31% 69% 2038.1.1-2040.12.31 19% 81% After 2040.12.31 15% 85% |
| Investment Objective | On the premise of full control over risks, this fund aims to provide investors with long-term sustainable growth of their pension assets through asset allocation and tactical adjustment based on the ‘downward’ curve. |
| Portfolio Allocation |
Mutual funds (incl. QDIIs and MRFs): ≥80%, among which, allocation to stocks, equity funds, hybrid funds and commodity funds (incl. commodity futures funds and gold ETFs) should be ≤60% H shares: 0-50% equity assets Cash, cash equivalents, and other government bonds that will mature in one year: ≥5% |
| Risk-Return Characteristic | Its expected risk and return are higher than money market funds, money market FOFs, bond funds and bond FOFs but lower than equity funds and equity FOFs. |
| Portfolio Manager | Mr. Hong Tianyang holds a PhD in Computer Science from Imperial College London. He is a Chartered Financial Analyst (CFA) with 19 years of securities industry experience. He was an analyst at JP Morgan (London), an investment manager at Bank of China Insurance Co., LTD., a fund manager at the Fixed Income Investment Dept of Morgan Stanley Investment Management (China) Company Limited, and an investment director at Yuquan Asset Management Co., LTD. Mr. Hong rejoined the company in January 2020 and currently served as the director and fund manager of Multi-Asset Investment Department. He has been the fund manager of Morgan Stanley China Pension Target Date 2040 3Y Holding Period Hybrid Sponsored Fund of Funds (FOF) from December 2021 to December 2024. |
