中证红利质量ETF: 招商中证全指红利质量交易型开放式指数证券投资基金2025年中期报告

Core Points - The report provides an overview of the performance and financial status of the招商中证全指红利质量交易型开放式指数证券投资基金 for the period from March 12, 2025, to June 30, 2025, highlighting its investment strategy and financial metrics [1][3][6] Fund Overview - The fund is named 招商中证全指红利质量 ETF and operates as an open-ended index fund, with a total fund share of 226,635,053.00 shares as of the report date [1][2] - The fund aims to closely track the 中证全指红利质量指数, with a target of keeping the average tracking deviation within 0.2% and annualized tracking error within 2% [1][2] Financial Performance - The fund achieved a realized income of 4,734,416.83 RMB and a profit of 3,342,949.80 RMB during the reporting period [3][6] - The weighted average profit per fund share was 0.0134 RMB, with a net asset value of 228,005,160.76 RMB at the end of the period [3][6] - The fund's net asset value per share was 1.0060 RMB, reflecting a cumulative net value growth rate of 0.60% [3][6] Investment Strategy - The fund employs a full replication strategy, investing directly in the components of the benchmark index and adjusting the portfolio as necessary to maintain alignment with the index [1][2] - The fund's investment strategy includes various asset classes such as stocks, bonds, and derivatives, with a minimum of 90% of its assets allocated to the benchmark index components [1][10] Management and Compliance - The fund is managed by 招商基金管理有限公司, which has a registered capital of 1.31 billion RMB and is owned by 招商银行股份有限公司 and 招商证券股份有限公司 [2][3] - The fund management adheres to strict compliance with relevant laws and regulations, ensuring that all investment operations are conducted in the best interest of fund holders [4][5][6] Financial Statements - As of June 30, 2025, the total assets of the fund amounted to 230,179,164.67 RMB, with total liabilities of 2,174,003.91 RMB [8][9] - The fund's total revenue for the reporting period was 3,545,580.70 RMB, with total expenses of 202,630.90 RMB, resulting in a net profit of 3,342,949.80 RMB [9][11]