Broad-Based Indices Undergo Collective Adjustment, Tracking Basic Information of E Fund's "A Series" Low-Fee ETFs

On March 23, the overall A-share market came under pressure, with broad-based indices declining simultaneously: the CSI A500 Index fell by 3.4%, the CSI A100 Index dropped by 3.1%, and the CSI A50 Index declined by 2.9%, with all three indices experiencing varying degrees of decline.

According to WIND data, in terms of index characteristics, the CSI A500 Index covers 89 tertiary industries; the CSI A100 Index focuses on large-cap core leaders; the CSI A50 Index represents a mega-cap style with a balanced industry distribution. As of March 20, 2026, the current rolling P/E ratios are 17.0 for the CSI A500 Index, 17.3 for the CSI A100 Index, and 17.8 for the CSI A50 Index, with valuations in a relatively historical range. Specifically:

• CSI A500 Index rolling P/E ratio is 17.0, with a valuation percentile of 73.4% since 2004;
• CSI A100 Index rolling P/E ratio is 17.3, with a valuation percentile of 82.7% since its launch in 2006;
• CSI A50 Index rolling P/E ratio is 17.8, operating since January 2, 2024.

China Galaxy Securities’ latest view suggests that, supported by the macro logic of “primarily driven by ourselves,” the overall downside space for A-shares is relatively limited. Short-term fluctuations are mainly to digest external pressures, while the medium to long term will still focus on structural rotation.

E Fund offers three low-cost “A Series” broad-based ETF products, all adopting a management fee of 0.15% per year plus a custody fee of 0.05% per year:

• A500 ETF E Fund (159361): tracks the CSI A500 Index, covering 89 tertiary industries;
• A100 ETF E Fund (159686): tracks the CSI A100 Index, reflecting the performance of core large-cap leaders;
• CSI A50 ETF E Fund (563080): tracks the CSI A50 Index, highlighting mega-cap style.

Risk reminder: Funds are subject to risks; investment should be cautious.