SPD BANK(SH:600000) Zheng Quan Zhi Xing·2025-03-27 10:21Core Viewpoint - The report provides a comprehensive overview of the performance and management of the Changxin Lizhong Bond Fund (LOF) for the year 2024, highlighting its investment strategies, financial indicators, and compliance with regulations [1][2][3]. Fund Overview - Fund Name: Changxin Lizhong Bond Fund (LOF) - Fund Manager: Changxin Fund Management Co., Ltd. - Fund Custodian: Shanghai Pudong Development Bank Co., Ltd. - Total Fund Shares at the end of the reporting period: 2,012,646,748.60 shares [2]. - Fund Contract Effective Date: February 5, 2016 [2]. Investment Objectives and Strategies - The fund aims to achieve stable asset appreciation while strictly controlling investment risks, seeking returns that match the risk profile of various investors [2]. - Investment strategies include macroeconomic analysis, asset allocation, and risk-return analysis to formulate specific strategies for different asset classes [3]. Financial Performance - As of December 31, 2024, the net asset value (NAV) for Changxin Lizhong Bond (LOF) A was 0.9695 RMB, with a cumulative NAV of 1.3735 RMB, reflecting a net value growth rate of 4.29% for the reporting period [16]. - For Changxin Lizhong Bond (LOF) C, the NAV was 0.9801 RMB, with a cumulative NAV of 1.3191 RMB, resulting in a net value growth rate of 3.92% [16]. - The performance benchmark for the fund yielded a return of 4.98% during the same period [16]. Compliance and Governance - The fund management strictly adheres to the Securities Investment Fund Law and other relevant regulations, ensuring compliance and protecting the interests of fund shareholders [17]. - The internal audit department conducts regular checks on fund operations, ensuring adherence to regulatory requirements and internal controls [17][18]. Risk Management - The fund has implemented a fair trading system and established internal controls to manage investment risks effectively [15][18]. - The management emphasizes risk prevention and control, ensuring the fund's assets are operated in a regulated manner [18]. Profit Distribution - No profit distribution was made during the reporting period, in line with the fund's operational situation and distribution principles [20].