Core Insights - The report provides an overview of the Dachen Hengfengbao Money Market Fund's performance and management strategies during the second quarter of 2025, emphasizing the fund's focus on maintaining capital safety and liquidity while pursuing higher current returns [2][3]. Fund Overview - Fund Name: Dachen Hengfengbao Money Market Fund - Fund Manager: Dachen Fund Management Co., Ltd. - Fund Custodian: Hengfeng Bank Co., Ltd. - Total Fund Shares at Period End: 25,611,404,759.86 shares [2][3]. - Investment Objective: To pursue higher current returns while ensuring capital safety and liquidity [2]. Performance Metrics - The fund's net value yield for the past three months was 0.3491%, with a benchmark yield of 0.0873% [13]. - For the past six months, the net value yield was 0.7359%, compared to the benchmark yield of 0.1736% [7]. - Over the past year, the net value yield reached 1.5527%, while the benchmark yield was 0.3495% [7]. - The fund's performance over the past three years was 5.1663%, with a benchmark yield of 1.0500% [7]. - The five-year performance was 7.7833%, against a benchmark yield of 1.7495% [7]. Investment Strategy - The fund employs a strategy that includes comprehensive analysis of macroeconomic factors, market liquidity, and interest rate trends to optimize the mix of deposits, repos, and bond varieties [2]. - The fund dynamically adjusts its portfolio duration based on forecasts of short-term interest rate movements while ensuring liquidity [2][3]. Financial Indicators - The fund's assets primarily consist of interbank certificates of deposit, agreement deposits, reverse repos, and interest rate bonds, ensuring high safety and liquidity [13]. - The average remaining duration of the investment portfolio was 81 days during the reporting period [15]. Management Report - The fund manager adheres to principles of honesty and diligence in managing the fund's assets, aiming to maximize benefits for fund shareholders while complying with relevant laws and regulations [12][13]. - The management has implemented fair trading principles and monitoring systems to ensure compliance and prevent abnormal trading behaviors [12]. Additional Information - The report indicates that the fund's investment strategy and performance metrics align with its stated objectives, providing a transparent overview for investors [2][3].
大成恒丰宝货币市场基金2025年第2季度报告