ICBC(SH:601398) Zheng Quan Zhi Xing·2025-08-27 11:53Fund Overview - The fund is named "Zhaoshang Zhongzheng Commodity Stock Index Securities Investment Fund (LOF)" and is managed by Zhaoshang Fund Management Co., Ltd. [1] - The fund operates as a contract-based open-end fund and was established on June 28, 2012, with a total fund share of 83,584,797.77 at the end of the reporting period [1][2]. - The fund aims to passively track the performance of the underlying index, the Zhongzheng Commodity Stock Index, with a tracking error not exceeding 0.35% and an annual tracking error not exceeding 4% [1][2]. Financial Performance - The fund reported a profit of CNY 5,962,991.95 for the reporting period, with a net asset value of CNY 128,906,122.86 at the end of June 2025 [3][11]. - The net asset value per fund share was CNY 1.5422, and the cumulative net value growth rate was 79.48% since inception [3][11]. - The fund's net value growth rate for the reporting period was 4.58%, outperforming the benchmark growth rate of 2.31% [6][11]. Investment Strategy - The fund employs a passive index investment strategy, primarily investing in stocks that are part of the Zhongzheng Commodity Stock Index, with at least 90% of its stock assets allocated to these index components [1][16]. - The fund's performance benchmark is composed of 95% of the Zhongzheng Commodity Stock Index return and 5% of the after-tax interest rate of commercial bank demand deposits [1][16]. Management and Compliance - Zhaoshang Fund Management Co., Ltd. has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across all portfolios [4]. - The fund management strictly adheres to relevant laws and regulations, ensuring compliance in all investment operations and protecting the interests of fund shareholders [5][10]. Market Environment - The market environment during the reporting period was characterized by active trading sentiment and ample liquidity, with structural opportunities emerging in various sectors [6][7]. - The fund's performance was influenced by fiscal and monetary policies aimed at stabilizing growth and addressing economic challenges, leading to a mixed performance across different industries [6][7].