Core Viewpoint - The Dachen ESG Responsible Investment Mixed Initiation Fund A (015780) reported a profit of 3.4883 million yuan for the first half of 2025, with a net value growth rate of 8.75% and a fund size of 36.8174 million yuan as of the end of June 2025 [3][31]. Fund Performance - As of September 3, the fund's unit net value was 1.29 yuan, with a one-year cumulative net value growth rate of 32.42%, the highest among its peers [3]. - The fund's performance over the past three months showed a growth rate of 8.61%, ranking 522 out of 615 comparable funds, while the six-month growth rate was 10.19%, ranking 487 out of 615 [6]. Valuation Metrics - As of June 30, 2025, the fund's weighted price-to-earnings ratio (TTM) was approximately 9.7 times, significantly lower than the peer average of 25.34 times. The weighted price-to-book ratio (LF) was about 0.87 times, compared to the peer average of 2.34 times [11]. - The weighted price-to-sales ratio (TTM) was around 0.88 times, while the peer average was 2.09 times, indicating that the fund's holdings are undervalued relative to peers [11]. Growth Metrics - For the first half of 2025, the weighted revenue growth rate (TTM) of the fund's stock holdings was -0.03%, and the weighted net profit growth rate (TTM) was 0.07% [16]. Risk and Return Metrics - The fund's Sharpe ratio over the past three years was 0.6137, ranking 9 out of 319 comparable funds [24]. - The maximum drawdown over the past three years was 22.05%, with the largest quarterly drawdown occurring in Q1 2024 at 12% [27]. Fund Composition - As of June 30, 2025, the fund had 377 holders, with a total of 31.0192 million shares held. Institutional investors accounted for 32.24% of the holdings, while individual investors made up 67.76% [35]. - The fund's top ten holdings included China Mobile, Angel Yeast, China Unicom, and Alibaba-W, with a concentration exceeding 60% for the top ten stocks over the past two years [41].
大成ESG责任投资混合发起式A：2025年上半年利润348.83万元 净值增长率8.75%
Sou Hu Cai Jing·2025-09-05 15:54