PAB(SZ:000001) Zheng Quan Zhi Xing·2025-07-14 02:35Fund Overview - The fund is named Yongying Technology Smart Mixed Initiated Securities Investment Fund, with a main code of 022364 and a total share of 700,339,771.63 units at the end of the reporting period [3] - The fund primarily invests in technology-themed assets, aiming for medium to long-term stable appreciation of net asset value while controlling portfolio risk [3] - The fund's investment strategies include macroeconomic research, asset allocation strategies, stock investment strategies, fixed income investment strategies, and various bond investment strategies [3] Performance Metrics - As of the end of the reporting period, the net value of Yongying Technology Smart Mixed Initiated Fund A was 1.6719 RMB, with a net value growth rate of 32.28% and a benchmark return rate of 1.77% [10] - For Fund C, the net value was 1.6648 RMB, with a net value growth rate of 32.03% and the same benchmark return rate of 1.77% [10] - The fund achieved a net value growth rate of 32.28% over the past three months and 47.43% over the past six months for Fund A [5] Investment Focus - The fund maintains a high position in the market and has adjusted its portfolio to focus on global cloud computing investments [8] - The report highlights the growth in AI applications and the increasing confidence in computing power investments from major players in the industry [8][9] - The fund is expected to pay attention to the release of advanced models like GPT-5 and Grok4, as well as the operational status of related companies in the cloud computing sector [9] Asset Allocation - The fund's total assets include 1,104,253,119.34 RMB in stocks, accounting for 86.38% of the total assets, and 4,118,070.33 RMB in bonds, representing 0.32% [12] - The manufacturing sector constitutes 94.67% of the fund's asset net value, indicating a strong focus on this industry [12] Management and Compliance - The fund management adheres to strict compliance with the Securities Investment Fund Law and has implemented a disciplined investment research and decision-making process [7] - The fund manager has ensured fair treatment of different investment portfolios and has not encountered significant violations of fair trading practices during the reporting period [8]