Zheng Quan Zhi Xing·2025-07-18 01:36Core Viewpoint - The report provides an overview of the performance and investment strategy of the Penghua HuShenHong Emerging Growth Flexible Allocation Mixed Securities Investment Fund for the second quarter of 2025, highlighting its focus on emerging growth themes and active asset allocation to achieve long-term capital appreciation [2][3]. Fund Overview - Fund Name: Penghua HuShenHong Emerging Growth Mixed Fund - Fund Manager: Penghua Fund Management Co., Ltd. - Fund Custodian: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 907,996,421.84 shares [2]. Investment Strategy - The fund aims to achieve excess returns and long-term capital appreciation through active and flexible asset allocation, focusing on emerging growth theme stocks while effectively controlling risks [2][3]. - The investment strategy includes both top-down and bottom-up approaches to identify quality companies in A-shares and Hong Kong stocks, analyzing industry growth prospects and company fundamentals [3][4]. Financial Performance - For the period from April 1, 2025, to June 30, 2025, the net value growth rates for Class A and Class C shares were -3.59% and -3.68%, respectively, compared to a benchmark growth rate of 0.13% [5][11]. - Over the past six months, Class A shares achieved a growth rate of 23.41%, while Class C shares recorded 23.17% [5][11]. Investment Composition - As of the report period, the fund's total assets included approximately 1,076,052,320.09 RMB in stocks, representing 93.92% of the total assets [11]. - The fund also invested in Hong Kong stocks through the Stock Connect mechanism, with a fair value of 24,781,575.53 RMB, accounting for 2.18% of the net value [11]. Management and Compliance - The fund manager, Yan Siqian, has 15 years of experience in the securities industry and has been managing the fund since May 7, 2022 [6][7]. - The fund management strictly adheres to regulations and maintains compliance with the Securities Investment Fund Law and other relevant regulations [7][8].