Sou Hu Cai Jing·2025-07-20 07:44Core Viewpoint - The AI Fund, China Europe Responsible Investment Mixed A (009872), reported a profit of 122 million yuan in Q2 2025, with a net value growth rate of 3.73% and a total fund size of 3.341 billion yuan as of the end of Q2 2025 [3][16]. Fund Performance - As of July 18, the fund's unit net value was 0.893 yuan [3]. - The fund's performance over various time frames includes: - 3-month net value growth rate: 15.05%, ranking 34 out of 132 comparable funds [4]. - 6-month net value growth rate: 21.02%, ranking 16 out of 132 comparable funds [4]. - 1-year net value growth rate: 31.32%, ranking 24 out of 132 comparable funds [4]. - 3-year net value growth rate: -0.37%, ranking 42 out of 127 comparable funds [4]. Risk and Return Metrics - The fund's Sharpe ratio over the past three years is 0.2062, ranking 44 out of 129 comparable funds [9]. - The maximum drawdown over the past three years is 40.03%, ranking 52 out of 129 comparable funds, with the largest single-quarter drawdown occurring in Q1 2022 at 23.31% [11]. Investment Strategy - The fund maintained an average stock position of 91.92% over the past three years, compared to a peer average of 86.11% [14]. - The fund reached its highest stock position of 93.71% at the end of Q1 2025, with the lowest being 84.08% at the end of 2020 [14]. Top Holdings - As of the end of Q2 2025, the fund's top ten holdings include: - Xiaomi Group-W - Zijin Mining - Tencent Holdings - CATL - Midea Group - Jiangsu Bank - Dongyue Group - Jinbo Bio - CITIC Securities - China Merchants Bank [19].