ICBC(SH:601398) Zheng Quan Zhi Xing·2025-07-17 12:23Fund Overview - The fund is named "招商中证大宗商品股票指数证券投资基金" and operates as a contract-based open-end fund [2] - The fund's main code is 161715, and it was established on June 28, 2012 [2] - The total fund shares at the end of the reporting period were 83,584,797.77 shares [2] Investment Strategy - The fund aims to passively track the 中证大宗商品股票指数 using a full replication method [3] - The investment objective is to maintain the absolute deviation of the fund's net value return from the benchmark index to be no more than 0.35%, with an annual tracking error not exceeding 4% [3][4] - The fund manager may adjust the investment portfolio to minimize tracking errors due to changes in index constituents or liquidity issues [3] Financial Performance - During the reporting period from April 1, 2025, to June 30, 2025, the fund's net asset value growth rate was 2.11%, while the benchmark index growth rate was 0.38% [10] - The fund's performance over the past three months showed a growth rate of 2.11% and a standard deviation of 1.15% [5] - Over the past six months, the fund achieved a growth rate of 4.58% with a standard deviation of 0.97% [5] Asset Allocation - As of the end of the reporting period, the fund's total assets included approximately 94.24% in stocks and 0.57% in bonds [11] - The largest sector allocation was in manufacturing, accounting for 65.59% of the fund's net asset value [12] Market Context - The commodity index rose by 0.38% during the reporting period, with the fund maintaining a stable position at approximately 94.5% [9] - The capital market showed active performance driven by supportive fiscal and monetary policies, with notable sector performances in defense, banking, and communication [9]