Zheng Quan Zhi Xing·2025-08-27 15:37Fund Overview - The fund is named Penghua CSI High-Speed Rail Industry Index Securities Investment Fund (LOF) and aims to closely track the underlying index with minimal tracking deviation [2] - The fund operates as a listed open-end fund and was established on May 27, 2015, with a total of 52,837,383.28 shares at the end of the reporting period [2][3] - The investment strategy is based on passive index investment, aiming to minimize tracking error and maintain a daily tracking deviation of no more than 0.35% [2][3] Financial Performance - For the reporting period from January 1, 2025, to June 30, 2025, the fund's A class shares experienced a net value growth rate of -4.63%, while the benchmark growth rate was -4.30% [9][12] - The C class shares had a net value growth rate of -4.77%, and the I class shares recorded -4.59% [9][12] - The fund's total assets under management reached 12,513 billion RMB, with a total of 359 public funds managed [6] Market and Industry Insights - The high-speed rail industry showed steady growth in the first half of 2025, with fixed asset investment reaching 355.9 billion RMB, a year-on-year increase of 5.5% [11] - The number of passengers transported by rail from January to May was 1.86 billion, reflecting the ongoing impact of policies promoting rail transport [11] - The industry is expected to continue benefiting from high levels of fixed asset investment and equipment demand, with a positive outlook for the second half of 2025 [11][12]