透视固收+系列专题（一）：初识“固收+”，从内涵发展到投资选择

1. Report Title - "Perspective on the 'Fixed Income +' Series Special Report (I): Understanding 'Fixed Income +' from Connotation and Development to Investment Choices" [1] 2. Core Sections and Key Points 2.1 Introduction to Fixed Income +: Stability as the Foundation, Growth through Addition - The concept of "Fixed Income +" is characterized by using fixed - income assets as a stable foundation and seeking additional returns through other means [5][6] 2.2 Fixed Income + Development Review: Steady Progress in Multidimensional Evolution - The report provides data on the scale increments of the top 10 fund companies in the Fixed Income + sector from different time dimensions as of June 30, 2025. For example, since 2025, the scale increment of Invesco Great Wall Fund is 357.89 billion; in the past 3 years, the scale increment of China Europe Fund is 270.14 billion; in the past 5 years, the scale increment of Invesco Great Wall Fund is 833.56 billion; in the past 10 years, the scale increment of E Fund is 1449.73 billion [32] 2.3 Fixed Income + Investment Selection: A Comprehensive and In - depth Fund Selection System - The report presents detailed information on various Fixed Income + funds, including their fund codes, names, secondary classifications, fund managers, scales, fee rates, year - to - date (YTD) returns, maximum drawdowns, stock and convertible bond positions in Q2 2025, portfolio strategies, market - value styles, and the top three重仓 industries in Q2 2025. For instance, Penghua Fengli A (fund code: 160622.OF) has a scale of 7.072 billion yuan, a YTD return of 4.68%, and a maximum drawdown of - 1.48%. Its Q2 2025 stock position is 30.29%, and its strategy is "flexible bond selection" [52]