Core Viewpoint - The AI Fund, FuGuo State-Owned Enterprise Reform Flexible Allocation Mixed Fund (005357), reported a profit of 2.6795 million yuan for Q2 2025, with a net asset value growth rate of 2.11% during the period [3][15]. Fund Performance - As of July 21, the fund's unit net value was 1.374 yuan, with a one-year cumulative net value growth rate of 11.78%, outperforming its peers [3]. - The fund's performance over different time frames includes a three-month growth rate of 5.73% (671/880), a six-month growth rate of 10.69% (294/880), and a three-year growth rate of -18.87% (611/871) [4]. Fund Management Strategy - The fund maintained a relatively high equity allocation and adjusted its holdings by reducing positions in underperforming stocks while increasing investments in undervalued quality leaders [3]. - The fund manager expressed confidence in the long-term investment returns from quality equity assets despite a complex macro and market environment [3]. Fund Metrics - The fund's average stock position over the past three years was 77.77%, compared to the peer average of 80.43% [14]. - The fund reached a maximum stock position of 91.78% by the end of Q3 2023, with a minimum of 16.25% at the end of 2022 [14]. Risk Metrics - The fund's three-year Sharpe ratio was -0.0909, ranking 566 out of 875 comparable funds [9]. - The maximum drawdown over the past three years was 40.8%, with the largest single-quarter drawdown occurring in Q1 2022 at 20.22% [11]. Top Holdings - As of Q2 2025, the fund's top ten holdings included companies such as SMIC, Zijin Mining, China Resources Land, and others [18].
富国国企改革灵活配置混合：2025年第二季度利润267.95万元 净值增长率2.11%
Sou Hu Cai Jing·2025-07-22 02:20