Core Viewpoint - The ChiNext 50 ETF (华夏) has shown significant performance with a recent net value increase of 23.47% over the past six months, ranking first among comparable funds, indicating strong market interest and investment potential [4]. Group 1: Performance Metrics - As of August 18, 2025, the ChiNext 50 ETF has achieved a cumulative increase of 11.40% over the past week, ranking 1 out of 11 comparable funds [3]. - The ETF's highest single-month return since inception is 9.40%, with a maximum consecutive monthly gain of 22.94% [4]. - The average monthly return during rising months is 5.48%, with a monthly profit probability of 66.12% [4]. Group 2: Fund Flow and Liquidity - The ChiNext 50 ETF recorded a trading volume of 1,164.15 million yuan, with a turnover rate of 15.42%, indicating active market participation [3]. - Over the past week, the ETF's shares increased by 12 million, reflecting strong investor interest [3]. - The fund has attracted a total of 1,206.27 million yuan in net inflows over the last five trading days [3]. Group 3: Risk and Recovery - The relative drawdown since inception is 1.34%, with a recovery period of 99 days, suggesting a relatively quick recovery compared to peers [4]. - The ETF has maintained a tracking error of 0.017% over the past month, indicating strong tracking precision [4]. Group 4: Composition and Structure - The ChiNext 50 Index consists of 50 stocks with high trading volumes in the ChiNext market, reflecting the overall performance of well-known, large-cap, and liquid companies [5]. - Notable stocks in the ETF include 宁德时代 (CATL) with a weight of 23.94% and 东方财富 (Eastmoney) at 10.72%, among others [7].

Fund Overview - The fund is named Penghua ChiNext Comprehensive Exchange-Traded Open-Ended Index Securities Investment Fund, with a code of 159289 [10] - It is a type of exchange-traded open-ended stock fund [10] - The initial value of each fund share is set at 1.00 RMB [11] Fundraising Details - The fundraising period is from August 25, 2025, to August 29, 2025, with a maximum fundraising limit of 2 billion RMB, excluding interest and subscription fees [7][12] - Investors can subscribe through online cash subscription or offline cash subscription methods [13][20] - The minimum subscription amount for online cash subscription is 1,000 shares or multiples thereof, while for offline cash subscription, it is 1,000 shares through agents and 50,000 shares through the fund manager [14][29] Subscription Process - Investors must hold a Shenzhen securities account to participate in the subscription [31] - Existing account holders do not need to open a new account, while new investors must open an account before subscribing [32] - Subscription applications cannot be revoked once submitted [5] Fund Management and Custody - The fund is managed by Penghua Fund Management Co., Ltd., and the custodian is Guojin Securities Co., Ltd. [1][43] Regulatory Compliance - The fund's registration has been approved by the China Securities Regulatory Commission (CSRC) [1] - The fund will only be declared effective if it meets specific conditions, including a minimum of 200 investors and a total subscription amount of at least 200 million RMB by the end of the fundraising period [18][39]