The first quarter of 2026 concludes with ICBC Credit Suisse demonstrating its platform-based strength in delivering mid-to-long term results

As the first quarter of 2026 comes to an end, the investment performance of publicly offered funds has also been released. Recently, three authoritative fund rating agencies—Morningstar China, Galaxy Securities, and Guotai Haitong Securities—have successively published the latest mid-to-long term performance rankings of public funds. Relying on its deep investment research accumulation and forward-looking full-spectrum layout, ICBC Credit Suisse Fund has shown strong competitiveness across short, medium, and long-term dimensions, exemplifying professional asset management value with its core capabilities. According to Guotai Haitong Securities' equity asset performance ranking, ICBC Credit Suisse ranked first in both absolute return and excess return over the past seven years among 13 large equity firms evaluated.

The performance resilience of ICBC Credit Suisse's products is equally commendable. Data from Morningstar China shows that, over the three-year, five-year, seven-year, and ten-year cycles, a total of 25 funds (with A/C classes combined) ranked in the top ten of their respective categories, covering all types of tracks. Similarly, under the same time frames, six funds ranked in the top ten according to Guotai Haitong Securities. Galaxy Securities data reveals that 28 funds made it to the top ten across the three-year, five-year, seven-year, and ten-year periods. This collective recognition spanning three authoritative institutions and multiple long-term cycles is a testament to the profound accumulation and subsequent breakthrough of ICBC Credit Suisse’s platform-based investment research.

01 Deep Research and Steadfast Execution: Equity Investment Forges Long-Term Excess Returns

In a Q1 market environment characterized by structural divergence and accelerated rotation, ICBC Credit Suisse's equity investment adhered to its original aspirations, refraining from chasing short-term trends and instead sticking to a top-down grasp of industry trends and a bottom-up selection of high-quality targets. By deeply integrating macro analysis, industry tracking, and individual stock research, it focused on high-quality assets with sustainable competitiveness.

Leveraging a mature and stable investment strategy along with systematic research support, the company's multiple products have gained widespread recognition. According to Morningstar China, as of March 31, 2026, the company has 16 equity funds rated with three-year, five-year, and ten-year five-star ratings. Data from Galaxy Securities shows that there are 20 equity funds with three-year and five-year five-star ratings. In terms of specific products, ICBC Credit Suisse demonstrates a prominent cluster of high-quality products across various categories. For example, ICBC Research Select Equity, thanks to its balanced style, ranked 2/205 and 7/106 in Morningstar’s seven-year and ten-year lists respectively, earning five-star ratings for three-year, five-year, and ten-year periods from Morningstar, as well as a five-year five-star rating from Galaxy Securities. Both ICBC Intelligent Manufacturing and ICBC Emerging Manufacturing received 'double five-star' ratings for three-year and five-year periods from Morningstar and Galaxy Securities. Additionally, ICBC New Finance Stock A topped both the seven-year (1/60) and ten-year (1/36) rankings in its category according to Morningstar, achieving dual leadership that underscores long-term performance and earning a ten-year five-star rating from Morningstar. ICBC Medical Care Stock ranked among the top ten in its category over the past decade according to both Morningstar and Galaxy Securities. Similarly, ICBC Pharmaceutical Health Stock A ranked within the top ten in its category over the past seven years based on Morningstar and five years based on Galaxy Securities. Covering value stocks to growth styles, high-end manufacturing to healthcare consumption, ICBC Credit Suisse showcases the systematic advantages of a platform-type asset management institution through deep coverage and balanced layout across all industries and markets – not relying on single-track bets but rather consistently creating excess returns in different market cycles through solid macro analysis, industry insights, and individual stock selection, providing investors with equity allocation tools that transcend cycles.

Prioritizing Stability: Fixed Income Investments Highlight Steady Allocation Traits

In volatile markets, steady returns are particularly precious. As the first bank-affiliated fund company in China, ICBC Credit Suisse's fixed income team inherently possesses a prudent gene, paired with a mature 'all-weather' investment framework, striving to effectively withstand market fluctuations while precisely enhancing returns, aiming to provide investors with an investment experience that balances safety and cost-effectiveness. Data from Galaxy Securities indicates that 21 of the company's fixed-income funds have earned five-star ratings; according to Morningstar China, ICBC Credit Suisse has 13 fixed-income funds receiving five-star ratings. In the pure bond sector, meticulous duration management fortifies the return safety net. ICBC Premium Short-to-Medium Term Bond A secured a top ten position in the five-year lists of three major institutions and received five-year five-star ratings from both Morningstar and Galaxy Securities. In convertible bonds, 'fixed income plus,' and equity-bond hybrid fields, ICBC Convertible Bond captures elastic returns through stock-bond linkage, ranking first in its category in the three-year lists of Morningstar, Galaxy, and Haitong, and receiving three-year five-star ratings from Morningstar and Galaxy. Products like ICBC Add Blessing Bond A and ICBC Gather Peace Hybrid A control drawdowns while continuously uncovering opportunities in individual stocks and bonds, providing investors with quality base options that balance stability and elasticity, fully demonstrating the profound foundation of ICBC Credit Suisse's fixed income research and investment platform.

Adhering to Principles While Innovating: Diversified Layout Enhances Global Allocation Systems

In response to investors’ diversified asset allocation needs, ICBC Credit Suisse has proactively laid out strategies and worked diligently in QDII, ETF, and absolute return fields, continuously breaking through to create a global, full-category asset allocation 'toolbox,' earning recognition from authoritative institutions and the market alike. As one of the earlier fund companies to enter overseas markets, ICBC Credit Suisse has established a product matrix covering major global markets. According to Morningstar China, over three to ten years, the company's products such as ICBC Hong Kong Small & Mid Cap Equity RMB, ICBC Hong Kong Small & Mid Cap Equity USD, ICBC Global Select Stock, and ICBC Global Allocation RMB ranked in the top ten in their respective categories. Notably, ICBC Global Select Stock ranked 9/22, 3/11, and 3/10 in the five-year, seven-year, and ten-year lists respectively, fully demonstrating its overseas research team's ability to select assets globally. In the passive investment field, the company has developed an ETF 'five-family' pedigree spanning broad-based, sector, thematic, and Smart Beta dimensions, offering a rich product matrix to meet the professional allocation needs of different investors.

Building Momentum: A Strong Platform Safeguards Long-Term Value Creation

Consistent recognition from three authoritative institutions and stable performance over long cycles stem from the continuous empowerment of ICBC Credit Suisse's 'platform-oriented, team-based, integrated, multi-strategy' investment research system. The company has established a research platform covering all industries and assets, breaking asset boundaries to achieve synergy in equity, fixed income, and multi-asset research. Currently, the company boasts a professional investment research team of over 220 people, with an average industry experience exceeding 12 years, and more than 70% of investment talents cultivated internally, which helps maintain consistency in investment philosophy and the inheritance of research culture. Regarding risk management, the company has built a comprehensive risk control system with 'three lines of defense,' integrating risk control throughout every aspect of the investment process. This institutional construction ensures the long-term stable operation of investment portfolios. Investing is a marathon run alongside time; only by adhering to long-termism can one patiently await the blooming of the time rose. Looking ahead, ICBC Credit Suisse will continue to uphold its original mission of 'investing for the people,' relying on its robust platform capabilities, systematic investment research abilities, full-spectrum product layout, and rigorous risk control system to strive for consistently stable performance, rewarding the trust and entrustment of a broad range of investors.

Data explanation:

1. Excess return rankings and absolute return rankings for large equity fund companies sourced from Guotai Haitong Securities, data as of March 31, 2026. 2. All sales fee rates mentioned in this material are subject to the legal documents of the fund manager's official website (https://www.icbcubs.com.cn/) and the business rules of the sales agency at the time they take effect. 3. Company investment research team data sourced from ICBC Credit Suisse, data as of March 31, 2026. 4. Fund product ratings sourced from Morningstar, data as of March 31, 2026. ICBC New Materials and New Energy Stock, ICBC Intelligent Manufacturing Stock A, ICBC Logistics Industry Stock A, ICBC Research Select Stock, ICBC Emerging Manufacturing Mixed A, ICBC Yinhe Profit Mixed, ICBC New Gain Mixed, ICBC New Prosperity Mixed, ICBC Credit Suisse Jufeng Mixed A, ICBC Ju Xiang Mixed A, ICBC Ju An Mixed A, ICBC Convertible Bond, ICBC Tianhui Bond A, ICBC Tianfu Bond A, ICBC Credit Pure Bond A, ICBC Credit Suisse Bloomberg CDB Bond 1-3 Year Index A, ICBC Credit Suisse Harvest Return Flexible Allocation Mixed A earned three-year five-star ratings. ICBC New Materials and New Energy Stock, ICBC Intelligent Manufacturing Stock A, ICBC Research Select Stock, ICBC Emerging Manufacturing Mixed A, ICBC Yinhe Profit Mixed, ICBC Tianfu Bond A, ICBC Credit Pure Bond A, ICBC Credit Suisse Bloomberg CDB Bond 1-3 Year Index A, ICBC Credit Suisse Harvest Return Flexible Allocation Mixed A earned five-year five-star ratings. ICBC Logistics Industry Stock A, ICBC Beautiful Town Theme Stock A, ICBC State-Owned Enterprise Reform Theme Stock, ICBC Culture and Sports Industry Stock A, ICBC New Blue Chip Stock A, ICBC Research Select Stock, ICBC Strategic Transformation Stock A, ICBC Pension Industry Stock A, ICBC Frontier Medical Stock A, ICBC New Finance Stock A, ICBC New Trend Flexible Allocation Mixed A, ICBC Consumer Service Mixed A, ICBC Credit Suisse Harvest Return Flexible Allocation Mixed A earned ten-year five-star ratings. 5. Fund product ratings sourced from Galaxy Securities, data as of March 31, 2026. ICBC Intelligent Manufacturing Stock (A Class), ICBC Large Cap Blue Chip Mixed, ICBC Emerging Manufacturing Mixed (A Class), ICBC Selected Balanced Mixed, ICBC Harvest Return Flexible Allocation Mixed (A Class), ICBC Stable Growth Mixed (A Class), ICBC Fundamental Quantitative Strategy Mixed (A Class), ICBC Strategic Emerging Industry Mixed (A Class), ICBC Technology Innovation 6-Month Regular Open Mixed (A Class), ICBC Dividend Enjoyment Flexible Allocation Mixed (A Class), ICBC Pharmaceutical Health Industry Stock (A Class), ICBC Total Return Flexible Allocation Mixed (A Class), ICBC New Materials and New Energy Industry Stock, ICBC ChiNext Two-Year Regular Open Mixed (A Class), ICBC Prosperous Selection Mixed (A Class), ICBC Joyful Share Mixed (A Class), ICBC New Focus Flexible Allocation Mixed (A Class), ICBC Yinhe Profit Mixed, ICBC Credit Pure Bond (A Class), ICBC Pure Bond Regular Open Bond, ICBC Tianfu Bond (A Class), ICBC Credit Pure Bond One-Year Regular Open Bond (A Class), ICBC Enjoy Pure Bond Bond (A Class), ICBC Tianhui Bond (A Class), ICBC Convertible Bond, ICBC New Gain Mixed, ICBC Prosperity 18-Month Regular Open Bond, ICBC Ningrui 6-Month Hold Mixed (A Class), ICBC Jufeng Mixed (A Class), ICBC Ju An Mixed (A Class), ICBC Ju Xiang Mixed (A Class), ICBC Prosperity One-Year Regular Open Pure Bond Bond Initiating, ICBC Prosperity 3-Month Regular Open Bond (A Class) earned three-year five-star ratings. ICBC Research Select Stock, ICBC Innovation Power Stock, ICBC Intelligent Manufacturing Stock (A Class), ICBC Large Cap Blue Chip Mixed, ICBC Emerging Manufacturing Mixed (A Class), ICBC Selected Balanced Mixed, ICBC Flexible Allocation Mixed (A Class), ICBC Harvest Return Flexible Allocation Mixed (A Class), ICBC Yinhe Profit Mixed, ICBC Credit Pure Bond (A Class), ICBC Pure Bond (A Class), ICBC Premium Short-to-Medium Term Bond (A Class), ICBC Pure Bond Regular Open Bond, ICBC Prosperity Regular Open Bond, ICBC Tianli Bond (A Class), ICBC Tianfu Bond (A Class), ICBC Target Return One-Year Regular Open Bond (A Class) earned five-year five-star ratings. 6. Fund product rankings sourced from Morningstar, data as of March 31, 2026. ICBC Research Select Stock ranked 10/326, 2/205, 7/106 in large-cap balanced stock categories over five, seven, and ten years respectively. ICBC Intelligent Manufacturing Stock A ranked 7/460, 8/175 in large-cap growth stock categories over three and seven years respectively. ICBC New Finance Stock A ranked 1/60, 1/36 in industry stock-financial real estate categories over seven and ten years respectively. ICBC Pharmaceutical Health Stock A ranked 3/63 in industry stock-pharmaceuticals category over seven years. ICBC Medical Care Stock A ranked 9/63, 5/33 in industry stock-pharmaceuticals category over seven and ten years respectively. ICBC Premium Short-to-Medium Term Bond A ranked 9/373 in short-term bond categories over five years. ICBC Convertible Bond ranked 1/78 in convertible bond categories over three years. ICBC Credit Suisse Hong Kong Small & Mid Cap Stock (QDII) USD ranked 5/21, 5/16 in QDII Greater China stock categories over seven and ten years respectively. ICBC Ju Xiang Mixed A ranked 5/1098 in conservative mixed categories over three years. ICBC Credit Suisse Hong Kong Small & Mid Cap Stock (QDII) RMB ranked 4/21, 4/16 in QDII Greater China stock categories over seven and ten years respectively. ICBC Global Select Stock (QDII) ranked 9/22, 3/11, 3/10 in QDII Global stock categories over five, seven, and ten years respectively. ICBC Credit Suisse China Opportunity Global Allocation Stock (QDII) ranked 7/11, 4/10 in QDII Global stock categories over seven and ten years respectively. 7. Product rankings sourced from Galaxy Securities, data as of March 31, 2026. ICBC Harvest Return Flexible Allocation Mixed (A Class) ranked 1/80, 1/80, 1/19 in flexible allocation fund categories over three, five, and ten years respectively. ICBC Medical Care Industry Stock ranked 3/10 in pharmaceuticals and healthcare industry stock fund (A Class) categories over ten years. ICBC Yinhe Profit Mixed ranked 3/307, 4/135 in general bond-biased funds (stock cap not exceeding 30%) (A Class) categories over three and five years respectively. ICBC Premium Short-to-Medium Term Bond (A Class) ranked 4/72 in short-to-medium term pure bond fund (A Class) categories over five years. ICBC Pharmaceutical Health Industry Stock (A Class) ranked 9/41, 8/31 in pharmaceuticals and healthcare industry stock fund (A Class) categories over three and five years respectively. ICBC Convertible Bond ranked 1/38 in convertible bond fund (A Class) categories over three years. ICBC Ju An Mixed (A Class) ranked 7/243 in general bond-biased funds (stock cap not exceeding 30%) (A Class) categories over three years. ICBC Global Select Stock (QDII) ranked 6/25 in QDII stock fund (A Class) categories over ten years. ICBC Global Stock (QDII) ranked 8/25 in ODI stock fund (A Class) categories over ten years. ICBC New Economy Flexible Allocation Mixed (QDII) (USD) ranked 6/15 in QDII mixed fund (non-A class) categories over five years. 7. Product rankings sourced from Guotai Haitong Securities, data as of March 31, 2026. ICBC Credit Suisse Convertible Bond ranked 1/70 in convertible bond categories over three years. ICBC Credit Suisse Premium Short-to-Medium Term Bond A ranked 7/310 in short-term bond categories over five years.

Risk Warning: The fund manager manages and operates the fund assets following the principles of diligence, honesty, credibility, and cautious diligence but does not guarantee that the fund will definitely make profits or ensure minimum returns. Funds with holding periods set require investors to wait until the next working day after the shortest holding period expires (inclusive) before submitting redemption requests, facing the risk of being unable to redeem during the shortest holding period. Investing in overseas securities markets means that different countries or regions may be at different stages of their industrial prosperity cycles, affecting the fund's investment performance. Additionally, overseas securities markets, due to unique social-political environments, laws, regulations, market conditions, and economic development trends, react differently to specific negative events. Moreover, certain investment markets such as the US, UK, and Hong Kong do not impose daily price fluctuation limits on securities transactions, thus having relatively larger daily price fluctuation spaces. These factors could lead to sharp market volatility and increase investment risks. Overseas funds involving investments in emerging markets face direct or indirect impacts on returns due to unique regulatory systems (including market access systems, foreign exchange controls, etc.) and inherent market instability. ETF funds are stock-type funds with long-term average risks and expected return levels higher than mixed, bond, and money market funds. Index funds primarily adopt full replication strategies to track index market performance, sharing similar risk-return characteristics with the tracked indices and the stock markets represented by these indices. Investing in ETFs entails specific risks such as index volatility risk and deviations between fund portfolio returns and index returns. If funds invest in Hong Kong Stock Connect eligible stocks, they must also bear currency risks and unique risks arising from differences in investment environment, targets, market systems, and trading rules under the Hong Kong Stock Connect mechanism. Past performance of funds does not predict future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Funds carry risks, and investors should carefully read relevant legal documents such as the 'Fund Contract,' 'Prospectus,' 'Fund Product Data Summary,' and updates. They should comprehensively understand product details, fee structures, charges at various sales channels, and heed sales agencies' suitability opinions before selecting investment products suitable for their risk tolerance. Investment requires caution.

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