Core Viewpoint - The AI Fund Changxin Reform Dividend Mixed Fund (519971) reported a profit of 425,700 yuan for Q2 2025, with a weighted average profit per fund share of 0.0622 yuan, and a net value growth rate of 4.62% during the reporting period [2]. Fund Performance - As of July 18, the fund's unit net value was 1.508 yuan, with a one-year cumulative net value growth rate of 17.17%, the highest among its peers [2]. - The fund's performance over different time frames includes a three-month growth rate of 16.00%, a six-month growth rate of 12.29%, and a three-year growth rate of 5.02%, ranking 150/880, 251/880, and 177/871 respectively among comparable funds [3]. Market Analysis - The fund manager noted that both A/H shares entered a consolidation phase in Q2, with the Hang Seng Technology index declining by 1.70% and the CSI 300 index increasing by 1.25% [2]. - The market was characterized by structural trends focusing on new consumption and innovative pharmaceuticals from April to May, followed by positive feedback in low-position sectors like overseas optical modules and PCB boards in June [2]. Fund Holdings and Strategy - As of June 30, the fund's top ten holdings included companies such as Shenghong Technology, Xiaoshangpin City, and Zhongmingda [16]. - The fund's average stock position over the past three years was 77.51%, with a peak of 92.73% at the end of 2022 and a low of 5.85% in Q1 2020 [13]. Risk Metrics - The fund's Sharpe ratio over the past three years was 0.2644, ranking 185/875 among comparable funds [8]. - The maximum drawdown over the past three years was 29.42%, with the largest single-quarter drawdown occurring in Q2 2022 at 19.05% [10].
长信改革红利混合：2025年第二季度利润42.57万元 净值增长率4.62%
Sou Hu Cai Jing·2025-07-21 09:35