非银、银行带头反弹，平安上证红利低波指数投资机会凸显

Core Insights - The Ping An SSE Dividend Low Volatility Index C (020457) has shown strong performance, with a year-to-date maximum drawdown of 5.36% and a relative benchmark drawdown of 0.53% [4] - The index has achieved an annualized return of 10.60% over the past three months, outperforming its benchmark [4] - The fund has a management fee rate of 0.50% and a custody fee rate of 0.10%, totaling a fee rate of 0.60% [4] Fund Performance - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index C has a Sharpe ratio of 1.11 over the past year [4] - The fund has a historical one-year profit probability of 100.00% and an average monthly return of 3.94% [3][4] - The fund's longest consecutive monthly gain was two months, with a maximum monthly return of 11.12% [3] Fund Composition - The Ping An SSE Dividend Low Volatility Index C closely tracks the SSE Dividend Low Volatility Index, which selects 50 securities with good liquidity, continuous dividends, moderate dividend payout ratios, positive growth in earnings per share, and high dividend yields with low volatility [5] - As of June 30, 2025, the top ten holdings of the fund include COSCO Shipping Holdings, Chengdu Bank, Industrial Bank, Sichuan Road & Bridge, and Daqin Railway, accounting for a total weight of 17.41% [5][7] Capital Flow - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index has attracted a total of 9.61 billion yuan in capital over the past five trading days, with an average daily net inflow of 1.92 billion yuan [3] - The financing net purchase for the index reached 40.51 billion yuan over the past week, with a latest financing balance of 804.61 billion yuan [3] Market Position - The trading congestion level of the Ping An SSE Dividend Low Volatility Index C, as of July 25, 2025, is at the 19.28th percentile since its inception, indicating lower trading activity compared to 80.72% of its historical performance [3]