南方国证交通运输行业ETF发起联接A连续3个交易日下跌，区间累计跌幅0.27%

Core Viewpoint - The Southern National Transportation Industry ETF has experienced a slight decline in value, indicating potential market volatility and investor sentiment shifts in the transportation sector [1]. Group 1: Fund Performance - As of April 29, the Southern National Transportation Industry ETF Initiated Link A (019886) fell by 0.01%, with a latest net value of 1.11 yuan, marking a cumulative decline of 0.27% over three consecutive trading days [1]. - The fund was established in November 2023, with a total fund size of 0.15 billion yuan and a cumulative return of 11.13% since inception [1]. Group 2: Investor Composition - As of the end of 2024, institutional investors hold 0.10 billion shares, accounting for 79.99% of the total shares, while individual investors hold 0.03 billion shares, making up 20.01% of the total [1]. Group 3: Fund Manager Background - The current fund manager, Ms. Cui Lei, is a Chinese national with a Master's degree in Financial Engineering from Cornell University and holds qualifications as a Financial Risk Manager (FRM) and Chartered Financial Analyst (CFA) [2]. - Ms. Cui has extensive experience in fund management, having held various positions since joining Southern Fund in February 2015, including managing multiple ETFs and funds across different sectors [2]. Group 4: Holdings Overview - As of March 31, 2025, the top four holdings of the Southern National Transportation Industry ETF Initiated Link A account for a total of 1.90%, with specific allocations to various government bonds and a convertible bond [3].