基金策略组合报告：组合品种调整及重点池更新

Core Insights - The report highlights a strategic update on fund allocation, focusing on active management equity products, fixed income plus products, pure bond products, and ETFs, indicating a diversified approach to investment [5][8][11]. Fund Strategy Update - The report proposes the inclusion of several active management equity funds such as Changcheng Pharmaceutical Industry Select A, Huatai-PB Hong Kong Advantage Select A, and others, reflecting a focus on sectors like healthcare and technology [5][8]. - Fixed income plus products recommended include Yongying Xinxin A and E Fund Enhanced Return A, aiming to balance risk and return [9]. - Pure bond and bond index products suggested are Pengyang Lifeng Short Bond A and Zhongjin Interbank Certificate Index 7-Day Holding, indicating a conservative approach to fixed income investments [10]. - ETFs recommended include Digital Economy ETF ICBC and Sci-Tech Innovation Index ETF E Fund, targeting growth sectors [11]. Portfolio Performance Tracking - As of July 28, 2025, the overall portfolio yield is reported at 9.48%, with a maximum drawdown of -5.21%, indicating a relatively stable performance in a volatile market [6][15]. - The aggressive portfolio shows a yield of 10.71% with a maximum drawdown of -5.52%, suggesting higher risk tolerance and potential for greater returns [6][15]. - The conservative portfolio yields 4.06% with a maximum drawdown of -1.77%, reflecting a low-risk strategy [6][15]. Adjustments to Core Positions - As of the end of July 2025, adjustments to the four major fund portfolios are planned, focusing on sectors such as AI, consumer goods, and fixed income [18][19][20][21]. - Specific funds being added include E Fund Strategic Emerging Industry A and Guangfa Value Core A for the monthly report portfolio, indicating a shift towards growth-oriented investments [18]. - The aggressive portfolio will include Penghua Quality Governance LOF and Yongying Yixiang A, while the conservative portfolio will add Ruiyuan Stable Benefit Enhanced 30-Day Holding A, showcasing a strategic shift towards stability and quality [19][21].