富达悦享红利优选混合A：2025年第二季度利润487.42万元 净值增长率7.25%

Core Viewpoint - The Fidelity Enjoy Dividend Preferred Mixed A Fund (020493) reported a profit of 4.8742 million yuan for Q2 2025, with a weighted average profit per fund share of 0.0651 yuan. The fund's net value growth rate was 7.25%, and the fund size reached 49.2887 million yuan by the end of Q2 2025 [3][14]. Fund Performance - As of July 21, the unit net value was 1.133 yuan. The fund's three-month, six-month, and one-year net value growth rates were 19.03%, 17.96%, and 18.19%, respectively, ranking 87/607, 119/607, and 344/602 among comparable funds [3]. - The fund's Sharpe ratio since inception was 0.6855 as of June 27 [7]. - The maximum drawdown since inception was 11.11%, with the largest quarterly drawdown occurring in Q2 2025 at 10.13% [10]. Investment Strategy - The fund management remains optimistic about the long-term prospects of the equity market and plans to closely monitor individual stock fundamentals and earnings as listed companies begin to disclose their semi-annual reports. The management also anticipates short-term market volatility due to increasing geopolitical uncertainties [3]. - The fund's average stock position since inception was 77.96%, compared to the industry average of 85.36%. The fund reached a maximum stock position of 92.19% by the end of 2024 and a minimum of 52.12% by mid-2024 [13]. Top Holdings - As of the end of Q2 2025, the fund's top ten holdings included China Construction Bank, Yutong Bus, Jiangsu Bank, Placo New Materials, Satellite Chemical, Minsheng Bank, Sinopec Crown, China Merchants Bank, China Shenhua, and Milkyway [17].