A500ETF永赢: 永赢中证A500交易型开放式指数证券投资基金2025年第2季度报告

Core Viewpoint - The report provides an overview of the performance and management of the Yongying CSI A500 Exchange-Traded Fund (ETF) for the second quarter of 2025, highlighting its investment strategy, financial indicators, and compliance with regulations [1][2]. Fund Product Overview - The fund is named Yongying CSI A500 ETF, with a total share of 534,869,559.00 units at the end of the reporting period [2]. - The fund aims to closely track the performance of the CSI A500 Index, with a target tracking deviation of less than 0.2% on a daily basis and an annualized tracking error controlled within 2% [2]. - The fund employs a full replication investment strategy, primarily investing in stocks, bonds, asset-backed securities, derivatives, and other financial instruments [2]. Financial Indicators and Fund Performance - As of the end of the reporting period, the net asset value per share of the fund was 1.0175 RMB, with a net asset growth rate of 2.23% compared to a benchmark return of 0.84% [7]. - The fund's realized income for the reporting period includes interest income, investment income, and other income, excluding fair value changes [3]. Investment Strategy and Market Analysis - The fund's investment strategy is based on a full replication method, adjusting the stock portfolio according to changes in the index's constituent stocks and their weights [6]. - During the reporting period, the A-share market experienced fluctuations due to external factors such as U.S. tariff policies, but later rebounded due to domestic economic measures and improved market liquidity [6]. - The fund's portfolio is heavily weighted in the manufacturing sector, which constitutes 58.72% of the total assets, followed by finance at 15.94% [9]. Compliance and Management - The fund management strictly adheres to the regulations set forth in the Securities Investment Fund Law and maintains a disciplined investment research and decision-making process [5]. - No significant violations of fair trading practices were reported during the period, ensuring equitable treatment of different investment portfolios [5][6]. - The fund management has not utilized proprietary funds for investment in the fund during the reporting period [11].