A：Southern all-weather FOG adopts an all-weather strategy and adheres to a multi-asset mix to achieve risk diversification. This year, we will continue to adopt the strategy of appropriate attack on equity assets and continued defense of fixed income assets, while mainly investing in the electronics industry, power equipment, consumption and other sectors.

A：Southern All Weather is a fund of funds (FOF), which is unique in that it selects funds from various funds to form products, so the overall risk is lower than stocks and general funds, suitable for investors seeking low volatility.

A：Southern All-Weather Strategy Hybrid FOF disclosed nearly 12% in last year's annual report and has significantly outperformed the Fixed Plus Index and performance benchmarks over the last three years, ranking in the top 3% of its class for both the last year and the last three years.

A：Southern all-weather FOG is more suitable for bottom positions because of its lower risk. It has a history of performance through bulls and bears, whether it's bear market resistance or bull market follow-up, and its earnings since inception have far outperformed benchmark and broader market performance.

A：Southern All-Weather FOG is ideal for sound investors because of its robust nature. Although the recent decline has been affected by factors such as the negative narrative of the overseas AI industry chain and the Fed's interest rate hike expectations, the stock market in the second half of the year is still worth looking forward to, and the style is optimistic about the technology, non-ferrous, chemical and dividend sectors.

A：Yes, because dividends and debt funds are both robust products, suitable as a bottom position in the portfolio, in the current market volatility can reduce the volatility of the portfolio.

A：There are some differences between these products, which will be explained in detail in the subsequent introduction.

A：Southern Guangli Return is an R2 grade product suitable for risk tolerance customers above Grade C. The product is backed by credit bonds and supported by convertible bonds and stocks, which enhances the investment experience of prudent investors through both offensive and defensive strategies in the-share market. Among them, convertible bonds and stocks accounted for nearly 55%, focusing on investment in semiconductors, photovoltaic equipment, electronic chemicals and construction machinery and other technology sectors.

A：Southern Guangli achieved an excellent record of more than 22% during the year, significantly higher than the average performance of the fixed income plus sector, and exceeded the performance benchmark, bringing high returns to investors. As of the first quarter of this year, Southern Guangli held 36.87 percent of the fund's assets in convertible bonds.

A：Southern Home six-month holding is a long-term stable win-win product, preferably historical performance better than pure debt performance of the performance of solid income plus products. In the current market environment, it takes bond assets as the bottom position, moderately allocates equity enhancement, and aims to balance defense and offense. Southern Home implements a six-month holding period system, which cannot be redeemed within six months after purchase, which helps prevent investors from buying and selling frequently and avoiding short-term fluctuations affecting long-term returns.

A：Southern Home's performance in the short, medium and long-term stages has outperformed the city bond base and similar indices, showing steady growth in the era of low interest rates. Since its inception, the cumulative increase has reached 19.05 per cent, and the performance has been positive in each of the last three years, even in times of market turmoil.

A：As of the first quarter of 2020, Southern Home's equity position is 15.21 percent, fund managers focus on high-quality technology leaders and pan-AI shortage of price increases, such as optical modules, semiconductors and MLCC.

A：If investors pursue soundness, they can consider investing in products with a six-month holding period, which are different in their equity positions, and investors can choose the right fixed income plus products according to their own needs.

A：Southern Home is a fixed income plus product, the risk is relatively small, suitable for C one or two or more customers. For the Southern Ningyue one-year holding period mix, it is dividend and technology as the theme, equity positions include communications, chemicals, power and other industries, and bonds accounted for 80%, coupon strategy, stocks accounted for 15%. The product is low to medium risk and suitable for long-term holding, as it has a 1-year holding period to prevent irrational buying and selling decisions due to short-term market fluctuations. The communications sector has benefited from the growth of emerging businesses brought about by the development of domestic AI applications, the chemical sector has benefited from the rise in the price of energy chemicals due to geopolitical conflicts, and the power sector has investment potential because of its AI base and national policies to support its plan to build a unified power market.

A：Southern Steady Profit mainly invests in medium and high grade credit bonds and does not participate in the stock market, thus reducing the impact of stock market volatility on investment returns. At the same time, its strict position limits help control risk and encourage long-term investment experience, avoiding investors from making irrational buying and selling decisions due to short-term market fluctuations.

A：Although Southern Steady Profit has a one-year holding rule, it is not open every time period, so it may not be suitable for a fixed investment strategy, investors can choose products such as dividends or other more flexible open period for fixed investment. The returns depend on the fund manager's operations and the products in which they are invested, and it is not possible to directly compare the returns of the two. Investors can make a judgment by referring to the fund manager's bottom position allocation.

A：Southern stable interest is a stable bottom position choice in the era of low interest rates, strict risk control, long-term holding for more welfare, low correlation with stocks, with equity and debt hedging, suitable for long-term allocation to avoid frequent operations brought about by investment mental interference.

A：Since its establishment, Nanfang Wenli has closed up for eight consecutive years, and its annual investment income far exceeds the benchmark. As of the first quarter of 2026, its increase has exceeded the performance comparison benchmark by more than twice, and its net value has grown steadily since its establishment.

A：Compared to other fixed-income plus products, Southern Stable is going to be more robust. Because it does not invest in stocks, it mainly invests in high-grade credit bonds, thus staying away from the volatility of the stock market, and adopts a one-year holding strategy to reduce the operation of chasing up and killing down.

A：Southern Steady Profit is suitable for prudent investors with risk levels of C2, C3, C4 and C5, as well as novice investors. It can be redeemed at any time after holding it for a year and is designed to help investors avoid chasing up and down.

A：The advantages of pure bond funds are threefold: first, they are far away from the ups and downs of the stock market, and the risk is relatively small; second, they become a better choice for investors to avoid risks when the market fluctuates; third, they can provide relatively stable sources of income for the account, which helps the risk-return structure of the portfolio to be more balanced. From 2021 to date, Southern Member A has had positive quarterly results, receiving an average of 318 bp more than the performance comparison benchmark, with positive annual results and a more solid performance.

A：Southern flight attendants mainly invest in convertible bonds and have made it clear that they do not invest in any stocks, focusing on pure bond investments and including equity positions, focusing on risk control.

A：These products use a holding period strategy, pay more attention to long-term performance and risk control, do not rely on timing operations. In the current market situation, even if the stock market is volatile, it can be used as one of the configuration options.

A：Southern Pet Park has less risk and volatility and is suitable for a one-time purchase, but whether it is appropriate or not depends on the individual investment style and portfolio configuration. Southern Steady Profit invests in high-grade credit bonds.

A：Both Cangyuan and Guangli are cost-effective, and they are low-risk fixed-income plus products that are suitable for robust investors to configure.

A：It is recommended that you can configure both fixed income plus and existence, because this can effectively spread the risk, regardless of the market ups and downs can get income, especially low-wave fixed income plus products, in the lower position of the market suitable for the left layout.

A：The celebrity product is a one-year holding product and is not suitable for fixed investment. If you want to make a fixed investment, you can choose an open product for the flexibility to redeem funds according to your wishes.