业绩表现上来看，富时现金流指数的长期业绩突出，以全收益指数（含分红收益）计算，基日 （2013年12月31日）以来，截至7月22日，富时现金流指数累计涨幅达624.37%，显著高于沪深300的 133.67%的和中证红利的624.37%，连续 9 年跑赢中证红利指数。 今日，现金流ETF（159399）官宣第6次分红，本次分红比例为0.25%，权益登记日为8月13日，现 金红利发放日为8月18日。 现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由 现金流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批 A 股市场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 注：根据本次收益分配方案，分红基准日为2025年8月1日，本月分红0.25%指每份额分红0.0026元/ 基准日基金份额净值 1.0562的比例，具体详基金分红公告。指数/基金短期涨跌幅及历史表现仅供分析 参考，不预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数 仅供参考，不构成任何投资建议，也不构成对基金业绩的预测 ...

Core Viewpoint - The AI Fund Pengyang Dividend Preferred Mixed A (009102) reported a profit of 568,900 yuan for Q2 2025, with a net asset value growth rate of 0.62% during the period [3]. Fund Performance - As of July 17, the fund's unit net value was 1.213 yuan, with a one-year compounded unit net value growth rate of 17.58%, ranking 333 out of 601 comparable funds [4][3]. - The fund's performance over the last three months showed a growth rate of 8.89%, ranking 359 out of 607, and over the last six months, it was 9.89%, ranking 326 out of 607 [4]. Fund Management Strategy - The fund manager, Li Renwang, indicated that adjustments were made based on risk-reward ratios, including clearing positions in companies heavily impacted by tariffs and increasing investments in music platform companies and food delivery services [3]. - The fund maintained an average stock position of 90.5% over the last three years, higher than the industry average of 85.32% [14]. Fund Holdings - As of June 30, the fund's top holdings included Tencent Holdings, China National Offshore Oil Corporation, Kweichow Moutai, and others, indicating a diversified portfolio [19]. Risk Metrics - The fund's Sharpe ratio over the last three years was 0.414, ranking 48 out of 468 comparable funds, while the maximum drawdown was 19.57%, ranking 447 out of 461 [9][11].

Group 1 - The cash flow ETF (159399) announced its fourth dividend distribution with a ratio of 0.20%, with the record date set for June 13 and the payment date on June 18 [1] - The cash flow ETF utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-Share Free Cash Flow Focus Index, excluding financial and real estate sectors, and selecting the top 50 stocks with the highest free cash flow rates [1] - The FTSE cash flow index has demonstrated strong long-term performance, with an annualized return of over 18% since the base date (December 31, 2013), and a cumulative increase of 568.15%, significantly outperforming the CSI 300's 114.88% and the CSI Dividend's 285.62%, having outperformed the CSI Dividend index for nine consecutive years [1]

今日，市场震荡波动，算力股集体走低，现金流ETF（159399）抗跌属性明显，迎大量资金申购。截至 5月26日，现金流ETF（159399）规模超35亿元位居同类第一，流动性较好。 现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由现金 流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批A股市 场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 指数历史走势来看，富时中国A股自由现金流聚焦指数在2014~2024年十余年的时间年化收益约20%， 远超沪深300和中证红利指数同期表现，并且从2019年开始连续6年实现正收益。 值得关注的是，现金流ETF（159399）合同约定可月月评估分红。截至2025年5月份，已经宣布分红3 次，有望帮助投资者实现落袋为安，改善投资者投资体验。 广发证券表示，在目前没有新的行业逻辑、市场没有出现大幅波动情况下，红利资产可能在6月逐渐进 入逆风期，但对长线投资者而言，逆风期可能是一个很好的介入时间点，在当下外部环境不确定性较大 的背景下，红利资产仍然是长期配置的底仓选择。 注： ...

Group 1 - The A-share market experienced a significant decline, with technology stocks leading the drop, while the Cash Flow ETF (159399) demonstrated strong defensive characteristics, only falling 0.3% during the session with a trading volume exceeding 130 million yuan [1] - The Cash Flow ETF utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-Share Free Cash Flow Focus Index, which excludes financial and real estate sectors, selecting the top 50 stocks with the highest free cash flow rates, thus identifying "cash cow" companies in the A-share market [1] - Historical performance of the FTSE China A-Share Free Cash Flow Focus Index shows an annualized return of approximately 20% from 2014 to 2024, significantly outperforming the CSI 300 and the CSI Dividend Index during the same period, with a consistent positive return for six consecutive years since 2019 [1] Group 2 - In 2022, during a market downturn, the Cash Flow Index increased by over 5%, highlighting its strong defensive attributes [1] - Global financial turmoil and lowered growth expectations are leading to reduced risk appetite among investors, making stable cash flow sectors increasingly valuable in a complex global economic environment [1] - The Cash Flow ETF (159399) has announced three dividends by May 2025, which may enhance investor experience by providing opportunities for profit realization [2]