Since the beginning of this year, global asset volatility has intensified, asset rotation has significantly accelerated, and the importance of diversified asset portfolio allocation has increased. On October 12th, the 6-month holding period FOF of Hua'an Yingsheng Multi Asset Fund was launched. The product is based on the risk parity model and covers multiple types of assets such as stocks, bonds, overseas equity, commodities, REITs, etc. It is a systematic practice of the multi asset allocation method of the Hua'an Fund FOF team.

From the perspective of investment strategy, Hua'an Yingsheng's multi asset 6-month holding period FOF uses a risk parity model to determine positions, combined with satellite timing strategy to enhance returns. Using low correlation as an anchor to balance the risk contributions of various assets. Thus hedging risks between multiple assets, smoothing fluctuations, and enhancing investors' holding experience.

According to the fund contract, from the perspective of fund investment scope, Hua'an Yingsheng Multi Asset's 6-month holding period FOF investment in stocks, depositary receipts, equity funds, and mixed funds included in equity assets accounts for a total of 5% -30% of the fund's assets. Among them, the proportion of assets invested in QDII funds and Hong Kong mutual recognition funds shall not exceed 20% of the fund assets, the proportion of assets invested in commodity funds (including commodity futures funds and gold ETFs) shall not exceed 10% of the fund assets, and the proportion of assets invested in money market funds shall not exceed 15% of the fund assets.

It is reported that the 6-month holding period FOF of Hua'an Yingsheng Multi Asset is planned to be managed by Yang Zhiyuan, who has 15 years of experience in finance and fund industry, including 7 years of experience in public FOF investment, and has rich multi asset analysis and portfolio management practical experience. Meanwhile, the 6-month holding period FOF of Hua'an Yingsheng Multi Asset is supported by the systematic methodology of the Hua'an Fund FOF team.

Specifically, the FOF team of Hua'an Fund is divided into three groups: Asset Allocation and Fixed Income Group, Equity Group, and Overseas and Alternative Group. The Asset Allocation and Fixed Income Group is responsible for macro adjustment and fixed income investment, providing top-level design of asset allocation plans and fixed income ballast for the portfolio, and providing basic analysis and suggestions for asset allocation direction, fixed income direction grasp, and underlying bond fund optimization from top to bottom.

The equity group is deeply involved in the A-share market, with precise division of labor based on strategies and fund varieties, covering balanced, quantitative, and various style themes. In order to cope with the complex equity market, this group is divided into two dimensions: one is the strategy dimension, which develops and tracks style and industry rotation models; The second is the dimension of fund varieties, which divides equity funds into balanced, quantified, and track based categories.

The third group is the Overseas and Alternative Group, focusing on overseas QDII、 Low correlation assets such as commodities and REITs provide diversified sources of risk diversification for the portfolio. There is no fragmented departmental wall between the three groups, only a penetrating collaboration. Each member delves deep into their areas of expertise, while the information sharing mechanism ensures that no one is an 'island'. Under the penetrating collaboration mechanism, the team forms complementarity between macro and micro, proactive and quantitative, domestic and overseas, traditional and alternative, ensuring that there is always someone who sends signals in key areas in different market environments.

The FOF team of Hua'an Fund emphasizes systematization, discipline, and iteration, and has a unique methodology. In daily investment research, the team conducts daily reviews, weekly meetings, makes tactical configuration decisions every month, and deeply integrates with the overall investment research system of the company. In terms of modeling, the team uses a multi asset multi strategy model matrix, with a risk parity model as a stabilizer, and also employs quantitative strategies such as multi asset timing, style rotation, and factor selection to support various decisions.

From a company perspective, the FOF team is backed by the mature investment research platform of Hua'an Fund, relying on the company's centralized research platform and diversified investment team to aggregate the research strength of the entire company and provide infrastructure support for FOF investment. Hua'an Fund is one of the earliest five fund companies established in the Chinese public fund industry, with a history of 28 years. The company emphasizes collaboration and diversity, advocates an open and win-win team ecology, encourages full communication within and across teams, improves research efficiency, and promotes communication habits and mutual trust between teams.

The team collaboration and investment research output of Hua'an Fund are also reflected in the profit experience of its holders. According to the 2026 fund interim report, the number of profitable investors for the 10 FOF products under Hua'an Fund has exceeded 99% in the past year, with 5 products achieving 100% shareholder profit.

Fund fee description: Subscription/subscription fee rate (M represents subscription/subscription amount), Class A shares: M<10 million yuan, 0.5%; M ≥ 10 million yuan, 1000 yuan/transaction; Class C shares do not charge subscription fees. The redemption rate for A/C shares (Y represents the holding period) is 0.50% for Y<180 days; Y ≥ 180 days, 0. Management fee rate: 0.50% per year. Custody fee: 0.15% per year. Class A shares do not charge sales service fees, while Class C shares have an annual sales service fee of 0.40%. The portion of the fund assets invested in funds issued or operated by the fund manager shall not be subject to management fees. The portion of the fund assets invested in the funds held by the custodian of this fund shall not be subject to custody fees. Non pension customers are eligible to participate in the above rates. If investors make multiple subscriptions/purchases within one day, the applicable fee rate will be calculated separately for each transaction.

Risk Warning: This fund is a hybrid fund of funds (FOF) with higher risk and expected return than bond funds and bond funds, higher than money market funds and money market funds, and lower than stock market funds and stock market funds. For each fund share, this fund has set a minimum holding period of 6 months. Investors can only apply for redemption and conversion/transfer from the next working day (inclusive) after the end of the minimum holding period, facing the liquidity risk of unconfirmed redemption within the minimum holding period and the risk of significant fluctuations in the fund's net asset value. Funds carry risks and investments must be made with caution. This viewpoint represents only the current viewpoint and may change in the future. It is for reference only and does not constitute investment advice or guarantee, nor does it serve as any legal document. The past performance of a fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. This product is issued and managed by Hua'an Fund Management Co., Ltd. China Merchants Bank, as a sales agency, does not assume investment and redemption responsibilities for the product. Investors should carefully read legal documents such as fund contracts and prospectuses, and choose appropriate products based on their personal risk tolerance.