Sou Hu Cai Jing·2025-04-06 16:16Core Viewpoint - The AI Fund Guotou UBS Core Enterprise Mixed Fund (121003) reported a profit of 13.44 million yuan for 2024, with a weighted average profit per fund share of 0.0126 yuan, and a net asset value growth rate of 2.09% for the reporting period [3][17]. Fund Performance - As of April 3, the fund's unit net value was 0.769 yuan, with a recent one-year return of -2.83%, ranking 230 out of 256 comparable funds [3][6]. - The fund's three-month return was 2.26%, ranking 209 out of 256, while the six-month return was -6.04%, ranking 217 out of 256 [6]. - Over the past three years, the fund's return was -17.20%, ranking 134 out of 236 [6]. Risk Metrics - The fund's Sharpe ratio over the past three years was -0.0032, ranking 157 out of 238 [11]. - The maximum drawdown over the past three years was 35.86%, with the largest single-quarter drawdown occurring in Q2 2018 at 21.13% [13]. Fund Holdings and Structure - As of December 31, 2024, the fund had a total scale of 780 million yuan and 38,300 holders, with individual investors holding 85.77% of the shares [17][20]. - The fund's top ten holdings include companies such as CATL, BYD, Midea Group, and others [25]. Investment Strategy - The fund manager maintains an optimistic outlook for the A-share equity market in 2025, believing that opportunities outweigh risks, supported by a higher dividend yield from the CSI 300 compared to the 10-year government bond yield [3]. - The fund will continue to focus on high-quality companies with competitive advantages across various sectors, including home appliances, automotive, telecommunications, resources, and electronics, while also seeking opportunities in technology and consumer sectors [3].