With domestic market interest rates generally trending in a stable downward direction, the yield levels of traditional savings products continue to normalize at low levels. The 'fixed income plus' category, which combines a secure foundation with potential for enhanced returns, has become a mainstream choice for the public to optimize their wealth structure, thanks to its advantage of balanced allocation. To align with market trends and meet investors' diverse, multi-layered allocation needs, CITIC Bank has integrated its high-quality fixed-income financial product resources to formally launch the new wealth product series "Stable+ Family," aiming to create a one-stop asset allocation solution for investors.
The "Stable+ Family" product series comprehensively aligns with the core investment principles of 'fixed income plus' through a systematic family matrix. The two "stable" characters in the name correspond to the dual tracks of bank wealth management and public funds, while the "+" signifies breaking through the return limitations of single assets through diversified enhancement strategies. These two professional tracks work in synergy to jointly build a well-structured, balanced offensive and defensive integrated allocation system. Within the 'fixed income plus' funds track of this series, the ChinaAMC Dinghong Bond Fund (Class A: 007666, Class C: 007667) has become a key product embodying this allocation philosophy, thanks to its distinct stability and long-term excellent risk-adjusted returns.
ChinaAMC Dinghong is positioned as a secondary bond fund pursuing a stable style, striving for long-term steady returns through strict risk control and diversified investment. As of March 31, 2026, the fund's total size has reached 3.359 billion yuan (including Class A and C). Strategically, the product adheres to the philosophy of "pure bonds as the foundation, quantitative enhancement." On the fixed income side, it carefully selects high-quality bonds to build the foundational portfolio and flexibly employs duration, yield curve, and spread strategies to seek return enhancement. On the equity side, it maintains a prudent position not exceeding 20%, relying on a quantitative model that integrates multi-factor and machine learning to select stocks with high growth potential and fundamental support across the entire market. It actively captures structural market opportunities while strictly controlling drawdowns, aiming to achieve relative rankings that surpass the partial equity hybrid fund index.
Its refined investment strategy has been fully validated through complex market tests. Since its inception on November 19, 2019, ChinaAMC Dinghong A has achieved a net value growth rate of 38.19% (compared to a benchmark of 2.84% for the same period). Across different periods, the fund has significantly outperformed its benchmark. Its net value growth rates for the past one year and three years are 4.05% and 12.84%, respectively (compared to benchmarks of -0.12% and 7.07% for the same periods), and it has been awarded a five-star rating for the three-year period by Haitong Securities. (Performance data is for Class A, as of March 31, 2026.)
The stability of ChinaAMC Dinghong is also reflected in the comfortable holding experience of investors. Strict risk management has resulted in excellent drawdown control. The product's maximum drawdown for the past year was only -1.01%, and -1.18% for the past three years, far below the set target of -2.5%. Furthermore, the product's Calmar ratios for the past one, two, and three years are as high as 4.02, 4.58, and 3.47, respectively, depicting favorable risk-return characteristics. Moreover, ChinaAMC Dinghong has demonstrated the endurance to navigate through market cycles, having delivered positive returns for investors for three consecutive calendar years. The excellent risk-adjusted returns and consistent positive return record mutually reinforce each other, effectively smoothing net value fluctuations and truly realizing the goal of "striving for a better holding experience." (Maximum drawdown and Calmar ratio data are for Class A, as of March 31, 2026; Calmar Ratio = interval annualized return / absolute value of interval maximum drawdown, indicating the return per unit of risk borne; the consecutive positive return period statistics refer to the 2023 to 2025 calendar years, as of December 31, 2025.)
The outstanding performance of ChinaAMC Dinghong is not accidental but rather the inevitable result of the continuous evolution of ChinaAMC's 18-year 'fixed income plus' system. As a leading firm deeply entrenched in this field, ChinaAMC has always adhered to the original intention of "centering on client needs" and the innovative spirit of "adapting to change." From early-stage stock-bond combinations, it has now evolved into robust investment solutions involving multi-asset and multi-strategy coordination, accumulating a 'fixed income plus 3.0' diversified product matrix characterized by "stable foundation, measured advancement, and tangible holding experience." Its core strategy system of "pure bonds as the foundation, multiple strategies for enhancement" encompasses support from multi-dimensional teams including overall asset allocation, pure bond foundation, equity enhancement, and quantitative empowerment, making the "stability" more solid and the "advancement" more measured.
Powerful system empowerment has brought solid investment research capabilities, and impressive data is the best evidence of the firm's strength. As of the end of the first quarter of 2026, ChinaAMC's fixed income products achieved a net value growth rate of 11.50% over the past three years, ranking 13th out of 139 companies in the entire market and among the top three out of 17 large companies. Ten of its 'fixed income plus' products ranked in the top quartile of their respective categories over the past 1, 2, and 3 years, with long-term endurance establishing an industry benchmark. (Ranking data is for the Class A shares of the involved products, as of March 31, 2026.)
Facing a market environment where traditional wealth management returns have normalized at low levels, the significant inclusion of ChinaAMC Dinghong in CITIC Bank's "Stable+ Family" product series is precisely a joint move by both parties to directly address the wealth management pain point of "difficulty in increasing income in a low-interest-rate era" and work together to help investors solve asset allocation challenges. In the low-interest-rate era, what investors need is no longer simply "adding a bit more equity," but rather a set of explainable, perceptible, and disciplined stable-advancement investment solutions. In the future, ChinaAMC will continue to uphold its original intention of "being client-centric," adapt to changes in the market environment, and precisely safeguard the stable growth of investors' wealth through clear product positioning and rigorous strategic pathways.
Performance data source: ChinaAMC, fund periodic reports, verified by the custodian, as of March 31, 2026; fund ranking and rating data sources: Haitong Securities, Galaxy Securities, as of March 31, 2026; holding experience data source: ChinaAMC, Wind, as of March 31, 2026. A fund's ratings, rankings, and past performance are not indicative of future results and should not be considered as investment advice. Fund investment carries risks.
ChinaAMC Dinghong A was established on November 19, 2019. The product's net value growth rates and benchmark performance for the calendar years 2021 to 2025 were: 11.96%/0.87%, -4.44%/-4.06%, 3.92%/-0.64%, 5.89%/7.24%, 3.69%/2.19%, as of December 31, 2025. Performance benchmark: ChinaBond Composite Index Return * 80% + CSI 300 Index Return * 20%. Data from the fund's annual reports over the years, verified by the custodian. The above performance shows the performance of Class A fund shares. Class A shares charge a one-time subscription fee upon subscription, with no sales service fee; Class C shares have no subscription fee but charge a sales service fee. Due to differences in fee structures, inception dates, and other factors, the long-term performance of the two share classes may differ significantly. Please refer to the product's periodic reports for details.
Risk Disclosure:
1. The above fund is a bond fund. The specific risk rating result is subject to the rating provided by the fund manager and sales institutions.
2. Before investing in this fund, investors should carefully read the fund's "Fund Contract," "Prospectus," "Product Key Facts Statement," and other legal documents to fully understand the fund's risk-return characteristics and product features. Based on their own investment objectives, investment horizon, investment experience, and asset status, investors should fully consider their own risk tolerance. After understanding the product situation and sales suitability opinions, they should make rational judgments and prudent investment decisions independently, bearing investment risks on their own.
3. The fund manager reminds investors of the "buyer beware" principle of fund investment. After investors make investment decisions, they are responsible for investment risks arising from the fund's operational status, fluctuations in the fund's listed trading price, and changes in the fund's net asset value.
4. The China Securities Regulatory Commission's registration of this fund does not indicate its substantive judgment or guarantee of the fund's investment value, market prospects, or returns, nor does it indicate that investing in this fund is risk-free.
5. This product is issued and managed by ChinaAMC. Distributing institutions do not bear responsibility for the product's investment, redemption, or risk management.
6. The views in this material are for reference only and do not constitute any substantive advice or commitment to investors, nor are they legal documents. The market involves risks, and investment requires caution.
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