Chengyu Investment Co., Ltd. © 2010 All Rights Reserved.

According to the Financial Supervisory Commission (FSC), offshore funds' investments in mainland China securities are limited to listed securities and the interbank bond market, and the total amount invested in these securities may not exceed 20% of the fund's net asset value. When a fund's investment regions include mainland China and Hong Kong, the fund's net asset value may be affected to varying degrees by changes in mainland China's legal, political, or economic environment.

Non-investment-grade bond funds are suitable for non-conservative investors seeking the potential returns of fixed income and who can tolerate a higher level of risk. Investors should not allocate excessively high amounts of their portfolio to funds targeting non-investment-grade bonds. Because non-investment-grade bonds may not have an investment grade credit rating or are unrated, and are highly sensitive to interest rate fluctuations, non-investment-grade bond funds may suffer losses due to rising interest rates, decreased market liquidity, or defaults on principal or interest payments or bankruptcy by the bond issuer. Investors should carefully assess their investment decisions. Non-investment-grade bond funds are not suitable for investors who cannot bear the associated risks.

Funds investing in non-investment-grade bonds may invest in U.S. Rule 144A bonds (with a maximum domestic fund investment percentage of 30% of total assets). However, these bonds are privately placed and are not subject to specific registration and disclosure requirements with the U.S. Securities and Exchange Commission (SEC). Furthermore, only qualified institutional investors can participate in this market, and trading liquidity is limited to the general public. This increases the potential for liquidity shortages, and investors should be aware of the associated risks before investing.

The fund invests in loss-absorbing bonds issued by financial institutions (including Contingent Convertible Bonds (CoCo Bonds) and Total Loss-Absorbing Capacity (TLAC) bonds). When a financial institution's capital adequacy ratio falls below a certain level, or it faces a significant operational or bankruptcy crisis, it may write down the face value of the bonds or convert them into equity through contractual or statutory mechanisms. This may result in a partial or full write-down of clients' debt, cancellation of interest payments, conversion of bonds into equity, or changes to bond terms such as maturity date, coupon rate, interest payment date, or suspension of dividend payments.

Dividends for the Monthly Distribution Type, A/Y Share Stable Monthly Distribution, A/Y/B Share [F1 Stable Monthly Distribution], A Share H Monthly Distribution AUD Hedged, Y Share H Monthly Distribution AUD (AUD/USD Hedged), and A/B Share C Monthly Distribution may be paid from the fund's income, principal, or income equalization fund. Any portion of the payment from principal or income equalization fund may result in a reduction in the original investment. The principle is that dividends from the fund will only be paid from principal if a stable distribution is maintained. However, please note that the dividend per share is not fixed. Fund dividends do not represent the fund's actual returns, and past dividends are not indicative of future dividends. The fund's net asset value may fluctuate due to market factors. Investors should also pay attention to changes in the fund's net asset value when receiving dividends. Monthly dividends, A/Y/B shares [F1 Stable Monthly Dividend], A share H-monthly dividend (AUD hedged), Y share H-monthly dividend (AUD hedged), and A/B share C-monthly dividends are paid before applicable fees are deducted. For information on fund dividends paid from principal over the past 12 months, please visit the Chengyu Investment website. The F1 Stable Monthly Dividend is suitable for investors who understand and accept that dividends are primarily derived from gross income and occasionally from principal, with principal payments made only when a stable dividend is maintained. However, please note that the dividend per share is not fixed. The C-monthly Dividend is suitable for investors who understand and accept that dividends are primarily derived from gross income and principal, achieving a higher dividend level than the F1 Stable Monthly Dividend. Dividends paid on principal represent a return or partial return of the original principal invested, or any capital gains on the original investment. Dividend distributions may result in an immediate reduction in the fund's net asset value per share and the amount of principal available for future investment. Principal growth may be reduced, and high dividend distributions do not necessarily represent a positive or high return on an investor's total investment. Beneficiaries of Type N units in each currency will be charged a deferred fee upon redemption. This fee varies depending on the holding period. For investments of one, two, and three years or less, the deferred fee rates are 3%, 2%, and 1%, respectively. After three years, there is no deferred fee. All other fees are calculated exactly as for the previously charged fee type, and no additional distribution fees are added. Please refer to the fund prospectus for details. There is no subscription fee for Class B investments. However, if investors redeem their units early, they will be required to pay a deferred fee, which will be deducted from the redemption proceeds. While the "handling fee" can be deferred, a 1% annual distribution fee still applies, which may increase your actual cost. This fee is calculated based on the lower of the original investment cost and the market value at the time of redemption. The fund's deferred fee rate is: 3% for 0-1 year, 2% for 1-2 years, 1% for 2-3 years, and 0% for more than 3 years. The distribution fee is reflected in the daily net asset value of the fund and is calculated at 1% of the fund's net asset value annually. Please refer to the fund prospectus for details.

1. Investment Risks

1. All investments involve risks. Financial markets may fluctuate due to economic conditions, interest rate fluctuations, policy adjustments, international events or other unpredictable factors, causing the value of investments to rise or fall.

2. Different investment products (such as funds, stocks, ETFs, bonds, derivative financial products, etc.) have different risk characteristics and investment restrictions. Investors should fully understand and assume the associated risks before investing.

2. Past performance is not indicative of future performance

1. Any historical performance, data, analysis, or simulation results disclosed on this website are for reference only and do not represent a guarantee of future investment returns.

2. The performance of investment targets may vary with market fluctuations, and the Company is not responsible for any future gains or losses.

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1. The Company strives to provide accurate, timely and complete market information, but does not guarantee that its content is error-free or completely accurate.

2. The data, reports, comments or other information contained in this website may come from the Company's internal research or third-party sources. The Company does not guarantee their accuracy, completeness or timeliness.

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IV. Does not constitute investment advice

1. Any content provided on our website should not be considered as personalized investment, legal, tax or other professional advice.

2. Investors should make their own judgment regarding whether such investments are suitable based on their individual financial circumstances and needs. If necessary, please consult a qualified professional advisor.

V. Investor Responsibilities

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2. The Company is not responsible for any losses or damages arising from investors' use of the information and services on this website or investment decisions made based on the content provided by the Company.

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7. Revision of the Disclaimer Clause

1. The Company reserves the right to amend, update or delete the contents of this Disclaimer at any time without prior notice.

2. Investors should check regularly to ensure they understand the latest version of this disclaimer.