ICBC(SH:601398) Zheng Quan Zhi Xing·2025-07-18 05:00Core Viewpoint - The report outlines the performance and investment strategy of the Galaxy and Beautiful Life Mixed Securities Investment Fund for the second quarter of 2025, emphasizing its focus on long-term stable growth through investments in high-quality companies aligned with the "Beautiful Life" theme, which includes health, happiness, and safety aspects [1][2][3]. Fund Overview - The fund aims to achieve long-term stable appreciation of assets while controlling investment risks by selecting high-quality, growth-oriented companies that fit the "Beautiful Life" theme [2]. - The investment strategy includes asset allocation, stock investment, bond investment, asset-backed securities, stock index futures, warrants, and depositary receipts [2]. Investment Theme - The "Beautiful Life" theme focuses on three dimensions: - Health: Industries related to health such as food and beverage, textiles, and pharmaceuticals [3]. - Happiness: Industries enhancing life satisfaction, including leisure services, TMT (Technology, Media, and Telecommunications), transportation, and new energy [3]. - Safety: Industries that enhance life security, such as real estate, finance, and national defense [3]. Performance Metrics - The fund's performance benchmark is a combination of the CSI 800 Index return (70%) and the CSI All Bond Index return (30%) [4]. - The fund's risk-return profile is higher than money market and bond funds but lower than equity funds [4]. Financial Indicators - As of the end of the reporting period, the total fund shares amounted to 273,812,775.13 [2]. - The net value growth rates for the Galaxy and Beautiful Life Mixed A and C funds were -5.88% and -6.02%, respectively, against a benchmark return of 1.52% during the same period [11]. Asset Allocation - The fund's asset allocation at the end of the reporting period was primarily in stocks, accounting for 86.65% of total assets, with no investments in bonds or asset-backed securities [12]. - The largest sector allocation was in the information transmission, software, and IT services sector, comprising 52.02% of the fund's net asset value [12]. Fund Management - The fund manager, Galaxy Fund Management Co., Ltd., has committed to managing the fund with integrity and diligence, adhering to legal regulations and aiming for the long-term benefit of fund shareholders [9][10].