Zheng Quan Zhi Xing·2025-08-27 10:51Fund Overview - The fund is named "招商纳斯达克 100 交易型开放式指数证券投资基金 (QDII)" and aims to closely track the performance of the Nasdaq 100 Index [2] - The fund was established on April 12, 2023, and began trading on April 25, 2023, with a total share amount of 2,855,744,064.00 shares at the end of the reporting period [2][3] - The fund employs a full replication strategy to construct its investment portfolio based on the components and weights of the underlying index [2] Financial Performance - The fund achieved a realized income of 30,161,252.54 RMB and a profit of 386,664,053.22 RMB during the reporting period from January 1, 2025, to June 30, 2025 [3] - The weighted average net value profit rate was 8.11%, and the fund's share net value growth rate was 7.45% [3] - The fund's net asset value at the end of the reporting period was 4,992,871,529.14 RMB, with a share net value of 1.7484 RMB [3][10] Market Context - The Nasdaq 100 Index increased by 7.93% during the reporting period, with the S&P 500 and Dow Jones indices rising by 5.50% and 3.64%, respectively [6] - The fund maintained a position of approximately 99.2% during the reporting period, effectively tracking the benchmark index [6] - Market expectations suggest potential economic fluctuations in the second half of 2025, but corporate earnings remain resilient, particularly in the technology sector [6] Management and Operations - The fund management company, 招商基金管理有限公司, was established on December 27, 2002, and is fully owned by 招商银行股份有限公司 and 招商证券股份有限公司 [4] - The fund manager has implemented a comprehensive research methodology and investment decision-making process to ensure fair investment opportunities across portfolios [4][5] - The fund's investment strategy includes various approaches such as bond investment, asset-backed securities, and derivatives [2][3]