INDUSTRIAL BANK(SH:601166) Zheng Quan Zhi Xing·2025-07-17 02:36Core Viewpoint - The report provides an overview of the performance and management of the Yongying Anyue 60-Day Holding Period Short-Duration Bond Fund for the second quarter of 2025, highlighting its investment strategies, financial metrics, and compliance with regulations [1][7]. Fund Product Overview - Fund Name: Yongying Anyue 60-Day Holding Period Short-Duration Bond Fund - Fund Code: 016191 - Total Fund Shares at Reporting Period End: 1,909,987,696.92 shares - Investment Strategy: Focus on macroeconomic trends, interest rate movements, and bond market yields while employing various investment strategies to control risks and achieve asset appreciation [2][3]. Financial Performance - Fund A Net Value Growth Rate (Last 3 Months): 0.68%, Last 6 Months: 0.97%, Last Year: 2.28% [4] - Fund C Net Value Growth Rate (Last 3 Months): 0.64%, Last 6 Months: 0.88%, Last Year: 2.08% [4][10]. - Performance Benchmark: 90% of the China Bond Comprehensive Price Index (1-3 years) and 10% of the one-year fixed deposit rate (after tax) [2]. Investment Portfolio - Total Bond Investment: 2,374,557,857.47 RMB, accounting for 99.79% of total fund assets [11]. - No investments in stocks, asset-backed securities, or precious metals during the reporting period [12][13]. Management and Compliance - The fund management adheres to strict compliance with the Securities Investment Fund Law and maintains a disciplined investment research and decision-making process [7][8]. - No significant violations of fair trading practices were reported during the period [8]. Market Environment - The macroeconomic environment in China remained stable, with industrial production showing resilience and infrastructure investment at high levels [9]. - Bond market yields generally declined, influenced by monetary policy and external factors such as US-China tariff negotiations [9].