In the first quarter of 2026, the global market will oscillate under multiple uncertainties, testing the all-weather investment, cross cycle allocation, and refined risk control capabilities of asset management institutions. With profound investment research accumulation and strong platform advantages, ICBC Credit Suisse Fund has weathered market cycle fluctuations and delivered an impressive medium - to long-term performance report, interpreting professional value with its hardcore strength.

According to the latest performance and rating ranking released by Morningstar China, as of March 31, 2026, the company has a total of 25 funds (A/C merged) that rank in the top ten of similar products in the long cycle dimensions of the past three years, five years, seven years, and ten years. Excellent performance has also been highly recognized by professional institutions. According to data from the same period, a total of 13 funds under ICBC Credit Suisse Fund have received a five-star rating from Morningstar for a ten-year period, 11 for a five-year period, and 18 for a three-year period. These funds cover multiple product lines such as equity, fixed income, and index, fully demonstrating excellent medium - and long-term investment management capabilities and comprehensive strength in asset allocation across the entire spectrum.

Proactively Winning: Deeply Cultivating Alpha Multidimensional Value Across Cycles

In the first quarter, A-shares and Hong Kong stocks fluctuated, hot topics accelerated, and the difficulty of managing active equity funds increased sharply. The equity team of ICBC Credit Suisse adheres to the concept of in-depth research and value investment, deeply cultivates industry and individual stock mining, and achieves equity investment with "short-term highlights, medium-term support, and long-term foundation".

Morningstar China data shows that in the medium to long term, including the past three years, five years, seven years, and ten years, a total of 15 equity funds under ICBC Credit Suisse have entered the top ten of their respective categories in each cycle, and 15 equity funds have received five-star ratings, achieving a dual resonance of strength and reputation.

In the long-term track of more than seven years, ICBC Credit Suisse has cultivated multiple core products that can withstand the test of time. ICBC New Financial Stock A has ranked first among industry stocks - financial real estate funds in the past seven years (1/60) and ten years (1/36), while ICBC Strategic Transformation Stock A has ranked second among large cap value stock funds in the past seven years and ten years, with 2/80 and 2/51 respectively; ICBC Research's selected stocks have ranked 2/205 and 7/106 respectively in the balanced stock funds of the stock market in the past seven and ten years; ICBC's carefully selected balanced mixed funds have ranked 2/49 and 9/28 respectively in the standard mixed funds over the past seven and ten years, and are rare fund products in the market to receive three -, five-year, and ten-year three-star ratings at the same time, demonstrating a stable endurance across market cycles.

The team has also demonstrated precise industry research capabilities in segmented fields such as high-end manufacturing, agriculture, mass consumption, and healthcare. ICBC Intelligent Manufacturing Stock A has been ranked among the top ten growth stocks in the market in the past three and seven years (7/460 and 8/175), and has received five-star ratings from Morningstar for three-year and five-year periods; Industrial and Commercial Bank of China's agricultural industry stocks have ranked 7th (7/47) in the industry stock consumption category over the past seven years; In the pharmaceutical sector, ICBC Frontier Medical Stock A, ICBC Pension Industry Stock A, and ICBC Healthcare Stock have all ranked among the top 5 industry stocks - pharmaceutical funds - in the past decade (2/33, 4/33, 5/33), and have remained in the top 10 camp in the past seven years (4/63, 8/63, 9/63). In addition, ICBC Logistics Industry Stock has ranked tenth (10/175) and second (2/97) in the large cap growth stock funds in the past seven and ten years, respectively, fully demonstrating ICBC Credit Suisse's breadth and depth in market wide and cross industry layout.

Fixed income foundation construction: Multi strategy collaboration, robust configuration highlights value

The domestic bond market experienced overall fluctuations and differentiation in the first quarter, with both market volatility and opportunities coexisting. The fixed income team of ICBC Credit Suisse focuses on fine management and builds a comprehensive strategic fixed income investment research system covering interest rates, credit, convertible bonds, and multi asset enhancement, providing both safety and growth performance support for diversified asset portfolios. Morningstar China data shows that 14 fixed income funds under ICBC Credit Suisse have received five-star ratings, with 5 of them receiving "double five-star ratings" for three-year and five-year periods, demonstrating the profound foundation of fixed income investment and multi strategy collaboration.

In the pure bond field, ICBC Credit Suisse has solidified its investment foundation through refined duration management and tiered allocation of credit bonds. ICBC Zunyi Short Term Bond A has ranked 9/373 among short-term bond funds in the past five years, consistently achieving good coupon returns through flexible operations; As a recently highly anticipated bond index fund, the ICBC Bloomberg China Development Bank Bond 1-3 Year Index A has also become one of the short-term bond funds with dual five-star ratings for both three-year and five-year maturities due to its long-term stable performance. In terms of credit bond funds, ICBC Credit Pure Bond A has also received dual five-star ratings for three-year and five-year terms.

In the fields of convertible bonds, "fixed income+" and mixed debt, ICBC Credit Suisse continuously captures market opportunities by dynamically balancing stocks and bonds and optimizing individual stocks and bonds while controlling drawdown. In terms of convertible bonds, ICBC convertible bonds have dominated among 78 convertible bond funds in the past three years (1/78). The "Fixed Income+" fund ICBC Tianfu Bond A has received dual five-star ratings for both three-year and five-year terms.The performance of the partial bond hybrid fund is also impressive, with ICBC Junan Hybrid A ranking third among 208 conservative hybrid funds in Shanghai, Hong Kong, and Shenzhen, and ICBC Juxiang Hybrid A ranking fifth among 1098 conservative hybrid funds in the past three years. In addition, ICBC Yinhe Li Hybrid and ICBC Fengshou Return Flexible Allocation Hybrid A have received double five-star ratings for three and five years, fully demonstrating ICBC Credit Suisse's comprehensive strength in multi strategy coordination, refined operation, and asset allocation, providing investors with high-quality and diverse fixed income investment choices.

Diversified Map: Complete Toolbox, Seize Global Configuration Opportunities

In the field of ETFs and index based funds, ICBC Credit Suisse Fund has built a "five family" spectrum of broad funds, industry themes, Hong Kong stock indexes, diversified allocation, and index enhancement, achieving comprehensive coverage from domestic to overseas, from the overall market to segmented tracks. Among them, the ICBC Credit Suisse Shenzhen IoT 50 ETF, with its precise track layout, has won a five-star rating from Morningstar for the three-year period, becoming an efficient tool for capturing the dividends of new quality productivity.

In terms of QDII business, ICBC Credit Suisse actively assists investors in their global and diversified layout, and continues to fulfill their overseas investment capabilities. Morningstar China data shows that in the past three years, five years, seven years, and ten years, the company's four QDII funds have ranked in the top ten of similar products. In the QDII Greater China stock fund, ICBC Hong Kong's small and medium-sized stocks in RMB and USD have ranked 4/21 and 5/21 respectively in the past seven years, and 4/16 and 5/16 respectively in the past decade; In the QDII Global Equity Fund, ICBC Global Select Stocks have ranked 3/11 and 3/10 respectively in the past seven and ten years, leading their peers in the long term; In the past decade, ICBC's global stock has ranked 4/10 among its peers, effectively meeting the needs of investors for cross-border asset allocation.

In addition, ICBC Credit Suisse Fund has also performed outstandingly in the field of absolute return strategy, further filling the "full spectrum" allocation map. According to Morningstar China data, ICBC Credit Suisse's absolute return strategy mixed launch A ranked 6/16, 4/17, 1/7, and 2/7 respectively among market neutral funds in the past three years, five years, seven years, and ten years. ICBC's preferred hedging strategy flexible allocation mixed A also ranked 7th (7/17) among market neutral funds in the past five years, demonstrating strong return and anti volatility capabilities to a certain extent, providing an effective hedging tool for volatile markets.

Platform Empowerment: From "Individual Combat" to "System Victory", Adhere to Long Term Strategy

Behind the impressive performance is the strong support of ICBC Credit Suisse's "platform based, team based, integrated, and multi strategy" investment research system, as well as the inevitable result of the company's long-term commitment to value investing and deep cultivation of professional capabilities.

At the investment research level, the company builds a deep research platform that covers the entire industry, asset, and lifecycle, breaking down industry and asset boundaries, achieving collaborative sharing of equity, fixed income, and diversified asset research, and providing strong support for cross disciplinary asset allocation. As of now, the company has built a professional investment research team with a scale of over 220 people, with an average of over 12 years of experience. More than 70% of fund managers are self trained, forming a stable pyramid shaped investment research team structure, achieving a transformation from "individual combat" to "team collaboration", which is more conducive to the long-term stability of product performance.

At the risk control level, the company has built a comprehensive and full process risk control system with "three lines of defense", with internal ratings being stricter than external ones, and strict control over drawdown and credit risks, which can effectively protect the interests of investors in volatile markets.

Looking ahead to the future, China's economic transformation and upgrading will continue to advance, new quality productivity will accelerate development, and the long-term positive trend of the capital market will remain unchanged. ICBC Credit Suisse will continue to adhere to the original intention of "investing for the people", share long-term value dividends with investors with more professional investment capabilities, more stable performance, and richer allocation tools, and steadily achieve great results in the new journey of the capital market.

Data Description:

The specific applicable sales rates for all products mentioned in this material are based on the official website of the fund manager? https://www.icbcubs.com.cn/ ?The valid legal documents of the fund and the business rules of the sales institution shall prevail at that time.

The rating and ranking are from Morningstar, as of March 31, 2026.

ICBC New Materials and New Energy Stocks, ICBC Intelligent Manufacturing Stocks A, ICBC Logistics Industry Stocks A, ICBC Research Selected Stocks, ICBC Credit Suisse Shenzhen IoT 50 ETF, ICBC Emerging Manufacturing Hybrid A, ICBC Credit Suisse Harvest Return Flexible Allocation Hybrid A, ICBC Bank Harmony and Profit Hybrid, ICBC New Profit Hybrid, ICBC New Profit Hybrid, ICBC Credit Suisse Jufeng Hybrid A, ICBC Juxiang Hybrid A, ICBC Ju'an Hybrid A, ICBC Convertible Bond A, ICBC Tianhui Bond A, ICBC Tianfu Bond A, ICBC Credit Pure Bond A, and ICBC Credit Suisse Bloomberg China Development Bank Bond 1-3 Year Index A have been rated with a five-year rating.

ICBC New Materials and New Energy Stock, ICBC Intelligent Manufacturing Stock A, ICBC Research Selected Stock, ICBC Emerging Manufacturing Hybrid A, ICBC Credit Suisse Harvest Return Flexible Allocation Hybrid A, ICBC Harmony and Profit Hybrid, ICBC Tianfu Bond A, ICBC Pure Bond A, ICBC Credit Pure Bond A, ICBC Zunyi Short Term Bond A, ICBC Credit Suisse Bloomberg China Development Bank Bond 1-3 Year Index A Five Year Five Star Rating.ICBC Logistics Industry Stock A, ICBC Beautiful Town Theme Stock A, ICBC State owned Enterprise Reform Theme Stock A, ICBC Culture and Sports Industry Stock A, ICBC New Blue Chip Stock A, ICBC Research Selected Stock A, ICBC Strategic Transformation Stock A, ICBC Elderly Care Industry Stock A, ICBC Frontier Medical Stock A, ICBC New Finance Stock A, ICBC New Trend Flexible Allocation Hybrid A, ICBC Credit Suisse Harvest Return Flexible Allocation Hybrid A, ICBC Consumer Service Hybrid A have been rated five-star for a ten-year period.

ICBC New Financial Stock A has ranked 1/60 and 1/36 respectively in the industry stock financial real estate category in the past seven and ten years. ICBC Credit Suisse's absolute return strategy mixed launch A has achieved neutral rankings in the market in the past three years, five years, seven years, and ten years, with rankings of 6/16, 4/17, 1/7, and 2/7, respectively. The theme stocks of ICBC's state-owned enterprise reform have ranked 9/2005 and 5/106 in the same category of balanced stocks in the market in the past seven and ten years, respectively. ICBC Credit Suisse Hong Kong Small and Medium Cap (QDII) stocks have ranked 5/21 and 5/16 in the QDII Greater China region in the past seven and ten years, respectively. ICBC Juxiang Mixed A has ranked 5/1098 in conservative mixed categories in the past three years. ICBC Credit Suisse's preferred hedging strategy flexible allocation hybrid A has ranked neutral in the market for the past three and five years, with rankings of 8/16 and 7/17 in the same category. ICBC Intelligent Manufacturing Stock A has ranked 7/460 and 8/175 in the same category of growth stocks in the market in the past three and seven years. ICBC Credit Suisse Hong Kong Small and Medium Cap (QDII) stocks have ranked 4/21 and 4/16 respectively in the QDII Greater China region in the past seven and ten years. In the past three years, Industrial and Commercial Bank of China (ICBC) Junan Hybrid A has been ranked as 3/208 in the conservative hybrid category in Shanghai, Hong Kong, and Shenzhen. In the past seven years, ICBC's agricultural industry stocks have ranked 7th out of 47th in the industry stock consumer category. ICBC Research's selected stocks have ranked 10/326, 2/205, and 7/106 in the same category of balanced stocks in the past five, seven, and ten years, respectively. In the past seven years, Industrial and Commercial Bank of China (ICBC) Pharmaceutical Health Stock A has ranked 3rd out of 63rd in the pharmaceutical industry. ICBC Global Selected Stocks (QDII) have ranked 9/22, 3/11, and 3/10 in the same category of QDII global stocks in the past five, seven, and ten years, respectively. ICBC convertible bonds have ranked 1/78 in the same category of convertible bonds in the past three years. In the past seven and ten years, ICBC's carefully selected balanced blend has ranked 2/49 and 9/28 respectively in the same category of standard blends. ICBC Zunyi Short Term Bond A has ranked 9/373 in the bond type short term bond category in the past five years. ICBC Healthcare Stock A has ranked 9/63 and 5/33 respectively in the industry stock pharmaceutical category in the past seven and ten years.In the past seven years, ICBC Innovation Power Stock has ranked 7th out of 80th in the same category of balanced stocks on the market. ICBC Frontier Medical Stock A has ranked 4/63 and 2/33 respectively in the industry stock pharmaceutical category in the past seven and ten years. Industrial and Commercial Bank of China's pension industry stock A has ranked 8/63 and 4/33 respectively in the pharmaceutical industry in the past seven and ten years. In the past decade, Industrial and Commercial Bank of China's consumer service hybrid A has ranked 8th out of 42nd in the industry's mixed consumer category. ICBC Strategic Transformation Stock A has ranked 2/80 and 2/51 in the same category of balanced stocks in the market in the past seven and ten years, respectively. ICBC Logistics Industry Stock A has ranked 10/175 and 2/97 in the same category of growth stocks in the past seven and ten years, respectively. Industrial and Commercial Bank of China's cultural and sports industry stock A has ranked 6/106 in the balanced stock market in the past decade.

Risk Warning: The fund manager manages and utilizes the fund assets in accordance with the principles of due diligence, honesty, prudence, and diligence, but does not guarantee that the fund will always make a profit or a minimum return. Funds investing in overseas securities markets, which are at different stages of the industrial cycle in various countries or regions, will have an impact on the investment performance of the fund; Meanwhile, due to the unique social and political environment, laws and regulations, market conditions, and economic development trends, there are many differences in the reactions of overseas securities markets to specific negative events; In addition, some investment markets such as the securities trading markets in the United States, the United Kingdom, and Hong Kong do not have upper or lower limits for daily securities trading prices. Therefore, the daily fluctuation space of securities in these countries or regions is relatively large. The above factors may cause sharp market fluctuations, leading to an increase in investment risk. If overseas funds are involved in securities investment in emerging markets overseas, due to the unique regulatory systems (including market access systems, foreign exchange controls, etc.) and unstable market behavior of each emerging market, it may have a direct or indirect impact on the investment returns of the fund participating in emerging markets. Stock funds have higher risk and return than hybrid funds, bond funds, and money market funds. The expected returns and risk levels of hybrid funds are lower than those of equity funds and higher than those of bond funds and money market funds. ETF funds are equity funds with higher long-term average risk and expected return levels than hybrid funds, bond funds, and money market funds. Index funds mainly adopt a complete replication strategy, track the performance of the underlying index market, and have risk return characteristics similar to the underlying index and the stock market represented by the underlying index. Investing in ETFs will face unique risks such as fluctuations in the underlying index and the risk of deviation between the fund's investment portfolio returns and the underlying index returns. If a fund can invest in the underlying stocks of the Hong Kong Stock Connect, it also needs to bear exchange rate risks and unique risks caused by differences in investment environment, investment targets, market systems, and trading rules under the Hong Kong Stock Connect mechanism. Past performance of a fund does not predict future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Funds carry risks, and investors should carefully read relevant legal documents such as the Fund Contract, Prospectus, Fund Product Information Summary, and updates. Based on a comprehensive understanding of the product situation, fee structure, fee standards of various sales channels, and listening to the suitability opinions of sales institutions, they should choose investment products that are suitable for their own risk tolerance and invest with caution.