广发景宁债券A,广发景宁债券C: 广发景宁纯债债券型证券投资基金2025年第2季度报告

Core Viewpoint - The report provides an overview of the performance and management of the Guangfa Jingning Pure Bond Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and compliance with regulations [1][2][10]. Fund Product Overview - Fund Name: Guangfa Jingning Pure Bond - Fund Code: 000037 - Fund Type: Contractual open-end fund - Investment Objective: To achieve investment returns that exceed the performance benchmark while ensuring long-term stable growth of fund assets [2]. - Investment Strategy: The fund aims to construct and adjust a fixed income securities portfolio based on comprehensive analysis of macroeconomic conditions, interest rate trends, yield curve changes, and credit risk variations [2]. Financial Indicators and Fund Performance - Total Fund Shares at Period End: 11,769,695,516.04 shares [3]. - Performance Metrics for the Period (April 1, 2025 - June 30, 2025): - Class A Net Value Growth Rate: 1.26% - Class C Net Value Growth Rate: 1.24% - Benchmark Return Rate: 1.54% [11]. - Historical Performance: - One-Year Return: 3.04% for Class A, 2.92% for Class C - Three-Year Return: 11.92% for Class A, 11.56% for Class C - Since Fund Inception Return: 23.33% for Class A, 15.66% for Class C [5][11]. Investment Portfolio Report - Total Assets in Bonds: 16,278,440,958.37 RMB, accounting for 99.55% of total assets [12]. - No holdings in stocks, asset-backed securities, or precious metals at the end of the reporting period [12][16]. Management Report - The fund management adheres to the principles of honesty, diligence, and compliance with relevant laws and regulations, ensuring the protection of investors' interests [8][10]. - The investment decision-making process includes strict internal controls and fair trading practices, with no instances of unfair trading reported during the period [9][10]. Fund Share Changes - Total Shares at Beginning of Period: - Class A: 5,868,344,028.53 shares - Class C: 2,064,190,068.84 shares - Total Subscription and Redemption during the Period: - Class A Subscriptions: 3,449,675,668.12 shares - Class A Redemptions: 710,702,574.27 shares - Class C Subscriptions: 3,748,544,970.08 shares - Class C Redemptions: 2,650,356,645.26 shares - Total Shares at End of Period: - Class A: 8,607,317,122.38 shares - Class C: 3,162,378,393.66 shares [17].