ICBC(SH:601398) Zheng Quan Zhi Xing·2025-08-27 09:36Fund Overview - The fund is named "Rongtong Four Seasons Enhanced Bond Fund (LOF)" and is managed by Rongtong Fund Management Co., Ltd. with China Industrial and Commercial Bank as the custodian [1][2] - The fund aims for long-term stable appreciation of assets while strictly controlling investment risks [2][8] - The fund's total shares at the end of the reporting period were 307,150,610.40 shares, with a listing date of April 6, 2012 [2][3] Financial Performance - For the reporting period from January 1, 2025, to June 30, 2025, the fund achieved realized income of CNY 3,598,046.16 for Class A and CNY 1,897,495.26 for Class C [2] - The net asset value (NAV) at the end of the period was CNY 244,689,003.00 for Class A and CNY 101,611,440.01 for Class C [2] - The net value growth rate for Class A was 1.07%, while Class C recorded a growth rate of 0.92% [2][5] Investment Strategy and Market Conditions - The fund's investment strategy involves adjusting and optimizing the asset allocation of fixed-income financial instruments based on macroeconomic research [2][8] - During the first quarter of 2025, bond yields generally rose, with the 10-year government bond yield dropping below 1.6% at the beginning of January but later experiencing upward pressure due to tightening regulations and liquidity [5][8] - In the second quarter, bond yields generally declined, with the 10-year government bond yield falling to around 1.6% in early April [5][8] Management and Governance - The fund management strictly adheres to relevant laws and regulations, ensuring fair treatment of all investment portfolios [4][10] - The fund manager has a comprehensive qualification for managing public funds, including various types of investment funds [4][10] - The fund's valuation process is managed by a committee that includes various departments to ensure accuracy and compliance [9][10] Profit Distribution - The fund implemented its first profit distribution on July 10, 2025, distributing CNY 0.1100 per 10 shares for Class A and CNY 0.0900 for Class C [9][10]