BOB(SH:601169) Zheng Quan Zhi Xing·2025-07-14 02:35Core Viewpoint - The report provides an overview of the performance and management of the Bank of China Shanghai Clearing House 0-5 Year Agricultural Development Bank Bond Index Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and market conditions during the reporting period [1][3][4]. Fund Product Overview - The fund aims to achieve total returns similar to its benchmark index while minimizing tracking deviation and error, targeting an average daily tracking deviation absolute value of no more than 0.2% and an annualized tracking error of no more than 2% [3]. - The fund's total share at the end of the reporting period was approximately 8.34 billion shares [3]. - The fund primarily invests in representative and liquid securities within the benchmark index using sampling replication and dynamic optimization methods [3][4]. Financial Indicators and Fund Performance - For the reporting period from April 1, 2025, to June 30, 2025, the fund's net value growth rate was 0.92%, while the benchmark return was 0.68% [6][12]. - The fund's performance over various time frames includes a 3.54% return over the past year and a 10.64% return over the past three years [7]. - The fund's investment strategy involved increasing the allocation to medium-term interest rate bonds during the second quarter, focusing on capturing market opportunities based on fundamental pricing [12][13]. Investment Portfolio Report - The fund's total assets were primarily invested in bonds, with approximately 99.96% of the total assets allocated to bonds, specifically policy financial bonds [14][15]. - The fund did not hold any stocks or engage in stock index futures during the reporting period [15][16]. - The fund's total subscription during the reporting period was approximately 4.21 billion shares, with total redemptions of about 1.22 billion shares, resulting in a total share count of approximately 8.34 billion shares at the end of the period [17][18].