Zheng Quan Zhi Xing·2025-08-27 13:38Fund Overview - The fund is named Penghua Shengshi Innovation 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 to select undervalued stocks of innovative companies with competitive advantages and sustainable profit growth potential, focusing on long-term capital appreciation while controlling investment risks [1][3] Investment Strategy - The investment strategy consists of a two-tier approach: a top-down asset allocation strategy and a bottom-up stock selection strategy [1][3] - The fund primarily invests in innovative companies in high-tech industries and traditional industries that have undergone innovation, focusing on those with strong growth potential and economic benefits [2][3] Stock Selection Process - The stock selection process involves a rigorous screening of companies based on their R&D investment, innovation capabilities, and financial health [4][5] - The fund excludes ST and *ST stocks and those with significant past violations or financial reporting issues, creating a preliminary stock pool [3][4] Financial Performance - As of June 30, 2025, the fund's A class shares achieved a net value growth rate of 6.32%, while the C class shares recorded a growth rate of 6.00%, both outperforming the benchmark growth rate of 0.42% [11][12] - The fund reported realized income of approximately 15.97 million RMB for A class and 4.22 million RMB for C class during the reporting period [9][10] Risk Management - The fund employs a combination of qualitative and quantitative analysis to assess systemic risks and expected returns across various asset classes [1][3] - The investment team continuously monitors market conditions and adjusts the portfolio to optimize risk-return characteristics [12][13]