Core Viewpoint - The Morgan Technology Frontier Flexible Allocation Mixed Securities Investment Fund aims to achieve long-term asset appreciation by focusing on companies at the forefront of technology, while implementing strict risk control measures [1][2]. Fund Product Overview - The fund is a contract-based open-end fund with a total share amount of 1,213,161,458.90 shares as of the end of the reporting period [1]. - The investment strategy combines quantitative and qualitative research methods to select listed companies in the technology sector, analyzing macroeconomic indicators such as GDP growth, fixed asset investment growth, and inflation rates [1][2]. Financial Indicators and Fund Performance - For the reporting period from April 1, 2025, to June 30, 2025, the net value growth rates for Morgan Technology Frontier Mixed A and C shares were -3.23% and -3.35%, respectively, against a benchmark return of 2.29% [3][8]. - The fund's performance over the past three months, six months, and one year shows a decline, with the three-year performance at -24.16% for A shares and -25.29% for C shares [3][8]. Management Report - The fund manager, Mr. Li Dehui, has over 13 years of experience in the industry and has been with Morgan Fund Management (China) since November 2016 [3][4]. - The management team has adhered to fair trading practices and has not engaged in any actions detrimental to the interests of fund shareholders during the reporting period [5][6]. Investment Portfolio Report - The fund's total assets are primarily allocated to stocks, with a total value of 2,166,246,315.91 RMB, representing 87.05% of the fund's total assets [7][9]. - The fund has not held any bonds or asset-backed securities during the reporting period [9]. Investment Strategy and Focus - The fund is currently focusing on sectors such as AI computing, non-ferrous metals, lithium batteries, innovative pharmaceuticals, and machinery, with a core position in lithium batteries and consumer electronics [7]. - The investment strategy emphasizes growth sectors while being cautious about the AI computing sector due to concerns over the lack of visible consumer applications [7].