Group 1 - The core viewpoint of the news is that the AI Fund Bosera Reverse Investment Mixed A (004434) reported a profit of 2.0424 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.0567 yuan and a net value growth rate of 3.94% during the reporting period [2] - As of September 3, the fund's unit net value was 1.939 yuan, and the fund manager, Li Zhe, has managed four funds that have all yielded positive returns over the past year [2] - The fund's performance over the past three months shows a net value growth rate of 35.89%, ranking 76 out of 615 comparable funds, while the six-month growth rate is 34.49%, ranking 68 out of 615 [5] Group 2 - The fund's weighted price-to-earnings ratio (TTM) as of June 30, 2025, is approximately 22.33 times, compared to the industry average of 25.34 times; the weighted price-to-book ratio (LF) is about 3.34 times, while the industry average is 2.34 times [10] - The weighted revenue growth rate (TTM) for the stocks held by the fund is 0.21%, and the weighted net profit growth rate (TTM) is 0.53% for the first half of 2025 [18] - As of June 30, 2025, the fund's three-year Sharpe ratio is -0.0683, ranking 190 out of 319 comparable funds, and the maximum drawdown over the past three years is 30.47%, ranking 258 out of 332 [27][29] Group 3 - As of June 30, 2025, the fund's total assets amounted to 51.5762 million yuan, with a total of 37,000 fund holders holding 35.1515 million shares [33][37] - The fund's turnover rate for the last six months is approximately 359.2%, consistently exceeding the industry average for three years [40] - The top ten holdings of the fund include Ningde Times, Nuwei Co., ST Huaton, and others, indicating a focus on key sectors [42]

Core Viewpoint - The AI Fund Bosera Contrarian Investment Mixed A (004434) reported a profit of 1.3663 million yuan for Q2 2025, with a weighted average profit per fund share of 0.0385 yuan, and a net value growth rate of 2.74% during the reporting period [2] Fund Performance - As of July 18, the fund's unit net value was 1.546 yuan, with a fund size of 51.5762 million yuan as of the end of Q2 2025 [2][13] - The fund's one-year compounded net value growth rate reached 11.02%, the highest among its peers, while the lowest was 7.1% for Bosera Advanced Manufacturing Mixed A [2] - Over the past three months, the fund's compounded net value growth rate was 14.96%, ranking 175 out of 615 comparable funds; over six months, it was 8.67%, ranking 370 out of 615; and over three years, it was -11.48%, ranking 140 out of 324 [2] Risk Metrics - The fund's Sharpe ratio over the past three years was -0.0683, ranking 190 out of 319 comparable funds [7] - The maximum drawdown over the past three years was 35.33%, with a single-quarter maximum drawdown of 22.5% occurring in Q1 2021, ranking 217 out of 322 [9] Investment Strategy - The fund manager indicated a focus on emerging industries, high-quality alpha stocks, and undervalued dividend stocks to enhance the probability of success and optimize the portfolio for better returns [2] Portfolio Composition - As of the end of Q2 2025, the fund's top ten holdings included Ningde Times, Nuwell, ST Huaton, Xiaoshangpin City, Xinyi Sheng, Zhongji Xuchuang, Hudian Co., Zongshen Power, Ninebot, and Zijin Mining [16] - The average stock position over the past three years was 74.1%, compared to the industry average of 83.27%, with a peak of 85.53% at the end of 2021 and a low of 60.86% in mid-2021 [12]