Core Insights - The article highlights the performance and characteristics of the Ping An SSE Dividend Low Volatility Index A (020456), emphasizing its strong returns and risk-adjusted performance metrics [4][5]. Fund Performance - As of July 22, 2025, the Ping An SSE Dividend Low Volatility Index A has a unit net value of 1.15 yuan, reflecting a 0.38% increase from the previous trading day and a cumulative increase of 17.48% over the past year, ranking it in the top half of comparable funds [3]. - The fund's Sharpe ratio for the past year is 1.15, indicating the highest return for the same level of risk among comparable funds [4]. - The maximum drawdown for the fund this year is 5.35%, compared to a benchmark drawdown of 0.44% [4]. - The fund has achieved a return of 11.76% since the start of its regular investment plan [4]. Fund Characteristics - The Ping An SSE Dividend Low Volatility Index A was established on April 23, 2024, and aims to closely track the SSE Dividend Low Volatility Index, with a target tracking deviation of less than 0.35% on a daily basis [4]. - The fund's management fee is 0.50%, and the custody fee is 0.10%, totaling a fee rate of 0.60% [4]. - The fund is managed by Qian Jing and Bai Guiyao, with Qian Jing achieving a return of 15.67% since taking over management [4]. Investment Strategy - The index selects 50 securities based on liquidity, continuous dividend payments, moderate dividend payout ratios, positive growth in earnings per share, and high dividend yields with low volatility [5]. - As of June 30, 2025, the top ten holdings of the fund include China COSCO Shipping, Chengdu Bank, and Industrial Bank, with the top ten stocks accounting for 17.41% of the total portfolio [5][7].