Stable Yield Fixed Income Fund

This fund is a fixed-income fund jointly managed by dual institutions, adopting a VCC (Variable Capital Company) structure regulated by the Monetary Authority of Singapore (MAS). It primarily invests in supply chain finance assets with authentic trade backgrounds, with underlying allocations to counter-cyclical real economy sectors such as packaging, plastics, and deep processing of agricultural products, operating robustly on multiple risk controls and a closed-loop capital system. Aiming to smooth out market volatility, the product creates an all-weather yield allocation scheme, striving to provide investors with relatively stable investment returns.

This fund is managed by Duxton Asset Management as the principal manager and Shenwan Hongyuan Securities (Singapore) as the co-manager, jointly managed by dual-licensed institutions.

Founded in 2009, Duxton Asset Management is a professional asset management institution holding a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its core team originated from the Asset Management division of Deutsche Bank and has been deeply engaged in the field of cross-border investment and wealth management. Under a mature international compliance framework, Duxton leverages its global industry network and professional investment research capabilities, committing to delivering robust and professional asset management services to investors.

Shenwan Hongyuan (Singapore) is a holding subsidiary of a large comprehensive securities firm directly under China Investment Corporation (CIC) and Central Huijin Investment. Relying on its state-owned background, abundant capital strength, and global layout, it deeply integrates domestic and overseas capital market resources to provide comprehensive synergy and robust support for the fund's operation.

Investors should fully understand the following risk factors:

1. Market and Liquidity Risks: Investments involve risks, including the possible loss of all or part of the principal. Changes in the macroeconomic environment, industry fluctuations, and liquidity adjustments may all impact investment performance.

2. Credit and Default Risks: The fund operates based on authentic trade and multiple risk controls, but factors such as changes in the credit of underlying counterparties and delays in collections may affect fund returns, which does not constitute a capital preservation commitment.

3. Strategy Execution and Performance Risks: The fund operates under an established risk management framework, which does not imply guaranteed returns. Past performance does not indicate future results, nor does it guarantee any investment returns or principal safety.