Zheng Quan Zhi Xing·2025-08-27 13:38Fund Overview - The fund is named Penghua Value Advantage Mixed Securities Investment Fund (LOF) and is managed by Penghua Fund Management Co., Ltd. with China Construction Bank as the custodian [1][2]. - The fund aims for long-term stable appreciation of assets by identifying Chinese companies with relative value advantages in the context of international integration of the capital market [1][3]. Financial Performance - As of June 30, 2025, the fund's total net asset value is approximately 1.2 billion RMB, with a net asset value per share of 0.683 RMB [3][12]. - The fund reported a profit of approximately 24.67 million RMB for the reporting period, with a weighted average net value profit rate of 2.06% and a net value growth rate of 2.12% [3][12]. - The cumulative net value growth rate since the fund's inception is 579.08% [3]. Investment Strategy - The fund employs a rigorous research process and investment discipline, focusing on relative valuation analysis methods to identify investment opportunities in industries and companies with relative value advantages [1][3]. - The investment strategy includes three steps: industry cycle analysis, relative valuation comparisons, and selection of stocks with both value advantages and good growth potential [1][3]. Market Outlook - The macroeconomic environment is characterized by a stable yet cautious outlook, with a focus on balancing supply and demand in various sectors, particularly real estate and non-real estate industries [7][8]. - The fund manager anticipates a gradual recovery from deflationary pressures in the economy over the next 1-2 years, with a focus on companies that exhibit significant competitive advantages and potential for sustained profit growth [10]. Management and Compliance - Penghua Fund Management Co., Ltd. has been compliant with relevant laws and regulations, ensuring fair treatment of different investment portfolios and maintaining a rigorous risk control framework [6][13]. - The fund management has a history of over 20 years in investment management, with a total asset management scale reaching approximately 1.25 trillion RMB [4].