Group 1 - The announcement from Zhongyou Chuangye Fund states that the Zhongyou Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund contract became effective on June 3, 2025, with a net subscription amount of 5 billion yuan and effective subscription shares of 5 billion [1] - The fund is a contractual open-end fund managed by Zhongyou Chuangye Fund Management Co., Ltd., and the custodian is China Postal Savings Bank Co., Ltd. [1] - The fund's subscription period was from May 28, 2025, to May 28, 2025, and the subscription confirmation ratio reached 96.54% [1] Group 2 - In 2023, the equity market has been volatile, with only a few new funds initiating proportionate allocation after their first fundraising, while three interbank certificate of deposit funds have conducted proportionate allocation [2] - As of June 3, 2025, the number of interbank certificate of deposit index funds has expanded to 98 since the first batch was established on December 13, 2021 [2] - The main investment targets of interbank certificate of deposit funds are high-rated bank certificates, which have good liquidity, low credit risk, and relatively small drawdowns, with returns typically between money market funds and pure bond funds [2] Group 3 - The performance benchmark for the Zhongxin Baosheng Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Fund is set at 95% of the Zhongzheng Interbank Certificate of Deposit AAA Index yield plus 5% of the after-tax one-year fixed deposit rate [2] - As of June 3, the year-to-date yield of the Zhongzheng Interbank Certificate of Deposit AAA Index was 0.72%, and the three-year yield reached 2.26% [2] - The average year-to-date yield of 92 interbank certificate of deposit index funds, excluding the six newly established funds, was 0.43%, with 34 products yielding over 2% [2]

Fund Overview - The fund is named "China Post CSI Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund" with a code of 024199 [20] - It is classified as a mixed-type securities investment fund [2] - The fund operates as a contractual open-end fund with a lock-up period of 7 days for each share [20][18] - The total fundraising cap is set at RMB 5 billion [6][21] Fund Management and Operations - The fund is managed by China Post Capital Management Co., Ltd., with the registration and custody handled by China Postal Savings Bank [3][4] - The fund will be publicly offered from May 28, 2025, to June 10, 2025 [5] - Investors must open a fund account with the management company to purchase the fund [7] Investment Strategy - The fund aims to achieve returns similar to the underlying index before deducting fees, minimizing tracking deviation and error [21] - It primarily invests in the components and alternative components of the CSI Interbank Certificate of Deposit AAA Index, maintaining at least 80% of its non-cash assets in these securities [22][23] - The fund does not invest in stocks or convertible bonds, focusing instead on interbank certificates of deposit and other debt instruments [23] Subscription and Redemption Process - Investors can subscribe to the fund without incurring subscription fees, but a service fee will be charged [30] - The subscription process requires investors to submit specific documentation and ensure funds are transferred to designated accounts by the deadline [39][45] - The fund has a 7-day lock-up period during which investors cannot redeem or transfer their shares [18] Risk Factors - The fund's risk profile is lower than that of equity funds but higher than that of money market funds, primarily due to its investment in interbank certificates of deposit [7] - Potential risks include tracking error, index volatility, and the possibility of component securities being suspended or defaulting [8][14][15]