南方中债 0-3 年农发行债券指数证券 投资基金 2025 年第 2 季度报告 基金管理人：南方基金管理股份有限公司 基金托管人：中国邮政储蓄银行股份有限公司 送出日期：2025 年 7 月 21 日 南方中债 0-3 年农发行债券指数证券投资基金 2025 年第 2 季度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中国邮政储蓄银行股份有限公司根据本基金合同规定，于 2025 年 7 月 17 日 复核了本报告中的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记 载、误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定 盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅 读本基金的招募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 4 月 1 日起至 6 月 30 日止。 §2 基金产品概况 基金简称 南方中债 0-3 年农发行债券指数 | | | 交易代码 021565 ...

Fund Overview - The fund is named "招商中证大宗商品股票指数证券投资基金" and operates as a contract-based open-end fund [2] - The fund's main code is 161715, and it was established on June 28, 2012 [2] - The total fund shares at the end of the reporting period were 83,584,797.77 shares [2] Investment Strategy - The fund aims to passively track the 中证大宗商品股票指数 using a full replication method [3] - The investment objective is to maintain the absolute deviation of the fund's net value return from the benchmark index to be no more than 0.35%, with an annual tracking error not exceeding 4% [3][4] - The fund manager may adjust the investment portfolio to minimize tracking errors due to changes in index constituents or liquidity issues [3] Financial Performance - During the reporting period from April 1, 2025, to June 30, 2025, the fund's net asset value growth rate was 2.11%, while the benchmark index growth rate was 0.38% [10] - The fund's performance over the past three months showed a growth rate of 2.11% and a standard deviation of 1.15% [5] - Over the past six months, the fund achieved a growth rate of 4.58% with a standard deviation of 0.97% [5] Asset Allocation - As of the end of the reporting period, the fund's total assets included approximately 94.24% in stocks and 0.57% in bonds [11] - The largest sector allocation was in manufacturing, accounting for 65.59% of the fund's net asset value [12] Market Context - The commodity index rose by 0.38% during the reporting period, with the fund maintaining a stable position at approximately 94.5% [9] - The capital market showed active performance driven by supportive fiscal and monetary policies, with notable sector performances in defense, banking, and communication [9]