Core Viewpoint - The report outlines the performance and investment strategy of the Galaxy High-end Equipment Mixed Initiated Securities Investment Fund for the second quarter of 2025, emphasizing its focus on high-end equipment manufacturing and the impact of global economic factors on investment returns [1][2]. Fund Overview - The fund is managed by Galaxy Fund Management Co., Ltd. and is designed to invest primarily in high-end equipment-related securities, aiming for long-term stable asset appreciation [1][2]. - The fund's performance benchmark is a combination of the CSI High-end Equipment Manufacturing Index and other indices, reflecting its investment strategy [1][3]. Financial Indicators and Fund Performance - As of the end of the reporting period, the total fund shares amounted to 10,391,741.03, with specific shares for Class A and Class C being 10,207,949.73 and 183,791.30 respectively [1][2]. - The net value growth rates for Class A and Class C during the reporting period were -0.55% and -0.70%, respectively, while the benchmark return was 0.52% [5][13]. Investment Strategy - The fund focuses on three main areas: import substitution in equipment, overseas expansion in advantageous sectors, and cyclical fluctuations in the equipment industry [2][3]. - The investment strategy aims to leverage professional research capabilities to select competitively strong companies with good cost-performance ratios [2][3]. Market Influences - The report highlights that external factors, such as tariffs and geopolitical conflicts, significantly impacted the stock market during the reporting period [12]. - The fund adjusted its industry allocation by increasing investments in electronics and communications while reducing exposure to power equipment [12]. Asset Allocation - The fund's asset allocation at the end of the reporting period included a significant portion in stocks, with a fair value of approximately 10,914,929.04 RMB, representing 84.30% of the total net asset value [16]. - The fund did not hold any bonds or asset-backed securities during the reporting period [16][18]. Management Report - The fund manager, with 25 years of experience in the securities industry, emphasizes adherence to legal regulations and a commitment to the interests of fund shareholders [7][11]. - The management team has implemented strict risk management and internal control systems to ensure compliance and protect investor interests [11][12].

银河景行 3 个月定期开放债券型发起式证 券投资基金 基金管理人：银河基金管理有限公司 基金托管人：兴业银行股份有限公司 报告送出日期：2025 年 7 月 18 日 银河景行 3 个月定期开放债券型发起式证券投资基金 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。 基金托管人兴业银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 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 04 月 01 日起至 06 月 30 日止。 §2 基金产品概况 | 1 | | | --- | --- | | ਜ | 会馆 简称 | 基金简称 银河景行 3 个月定开债券 基 ...

Group 1 - The fund aims to invest in representative and competitive blue-chip companies in the Chinese economy, seeking long-term stable appreciation of fund assets while effectively controlling risks [1][2] - The fund's investment strategy includes asset allocation, stock investment in financially sound companies with significant market positions, and bond investment strategies [2][4] - The fund's performance benchmark is set at 75% of the CSI 300 Index return plus 25% of the Shanghai Government Bond Index return [2][6] Group 2 - As of the end of the reporting period, the total fund shares amounted to 102,994,240.14, with a net asset value of 3.715 yuan for Class A and 3.625 yuan for Class C [1][14] - The fund's net value growth rates for the past three months were -4.43% for Class A and -4.63% for Class C, with performance benchmarks yielding 1.32% [6][14] - The fund's asset allocation at the end of the reporting period was predominantly in stocks, accounting for 93.07% of total assets, with no holdings in bonds or asset-backed securities [15][16] Group 3 - The fund manager has committed to managing and utilizing fund assets with principles of honesty, diligence, and responsibility, while not guaranteeing profits [1][10] - The fund's investment portfolio is regularly adjusted based on market conditions, with a focus on growth stocks that match performance and valuation [14][17] - The fund has not engaged in any transactions that could lead to unfair trading or conflicts of interest during the reporting period [11][13]

银河睿嘉纯债债券型证券投资基金 基金管理人：银河基金管理有限公司 基金托管人：交通银行股份有限公司 报告送出日期：2025 年 7 月 18 日 银河睿嘉纯债债券型证券投资基金 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。 报告期末下属分级基金的份额总额 1,435,709.22 份 5,863,810.65 份 §3 主要财务指标和基金净值表现 单位：人民币元 报告期（2025 年 4 月 1 日-2025 年 6 月 30 日） 主要财务指标 基金托管人交通银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 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 ...

银河核心优势混合型证券投资基金 基金管理人：银河基金管理有限公司 基金托管人：交通银行股份有限公司 报告送出日期：2025 年 7 月 18 日 银河核心优势混合型证券投资基金 2025 年第 2 季度报告 本报告中财务资料未经审计。 本报告期自 2025 年 04 月 01 日起至 06 月 30 日止。 基金主代码 011629 基金运作方式 契约型开放式 §2 基金产品概况 基金简称 银河核心优势混合 基金合同生效日 2022 年 7 月 22 日 报告期末基金份额总额 151,924,333.44 份 §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。 基金托管人交通银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 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 ...

Group 1 - The fund aims for long-term stable appreciation of assets while controlling investment risks through in-depth research on industry trends and company fundamentals [2][3] - The fund's investment strategy combines rigorous stock selection methods with an active investment style, focusing on growth stocks with good performance and reasonable valuations [2][3] - The fund's performance benchmark is a combination of 50% CSI 300 Index return and 50% China Bond Index return [2] Group 2 - As of the end of the reporting period, the total fund shares amounted to 394,669,114.05 [2] - The fund's net asset value per share for Class A was 1.5415 RMB, with a net value growth rate of -4.25% during the reporting period [11] - The fund's net asset value per share for Class C was 1.5193 RMB, with a net value growth rate of -4.39% during the reporting period [11] Group 3 - The fund's asset allocation at the end of the reporting period was primarily in stocks, accounting for 89.10% of total assets, with no holdings in bonds or asset-backed securities [12][13] - The fund's major investments were concentrated in the manufacturing sector, which represented 68.34% of the total asset value [12] - The fund maintained a high level of investment during the reporting period, with slight adjustments made to the portfolio based on market conditions [10]

Fund Overview - The fund is named Hongde Yuxiang Bond Fund, managed by Hongde Fund Management Co., Ltd., and custodied by Industrial and Commercial Bank of China [1][2] - The fund aims to achieve investment returns that exceed its performance benchmark through various investment strategies, including asset allocation, fixed income, equity investment, and treasury futures [2][3] Financial Performance - As of the end of the reporting period, the total fund shares amounted to 41,705,064.28 [1] - The net value of Hongde Yuxiang Bond A was 1.2467 RMB, with a net value growth rate of 1.33% during the reporting period, while the benchmark return was 1.12% [9] - The net value of Hongde Yuxiang Bond C was 1.2097 RMB, with a net value growth rate of 1.25% during the reporting period, also against a benchmark return of 1.12% [9] Investment Strategy - The fund employs a dynamic asset allocation strategy based on comprehensive analysis of macroeconomic conditions, market interest rates, and credit risks [2][3] - Fixed income investments utilize various strategies such as duration strategy, yield curve strategy, and individual bond selection [2] - The fund's performance benchmark is composed of 90% of the China Bond Composite Price Index and 10% of the CSI 300 Index [2] Market Conditions - In the second quarter, the bond market experienced a downward trend, with the ten-year treasury yield dropping from 1.81% to 1.63% [7] - The convertible bond market continued to rise, with the Wind Convertible Bond Equal-weighted Index increasing by 4.58% [7] - The equity market saw a slight increase, with the CSI 300 Index rising by 1.25% [7] Fund Management - The fund is managed by experienced professionals, including Zhao Duanduan and Liu Fengfei, who have extensive backgrounds in fixed income investment [5] - The fund management adheres to legal regulations and maintains a commitment to fair trading practices [6] Investment Composition - As of the reporting period, the fund's asset allocation included 87.20% in bonds and 12.15% in stocks [10] - The fund's investments are diversified across various sectors, with significant allocations in finance and manufacturing [10][11]

国都创新驱动灵活配置混合型证券投资基 金 基金管理人：国都证券股份有限公司 基金托管人：兴业银行股份有限公司 报告送出日期：2025 年 7 月 18 日 国都创新驱动 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。 基金托管人兴业银行股份有限公司根据本基金合同规定，于 2025 年 7 月 16 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 国都创新驱动 基金主代码 002020 基金运作方式 契约型开放式 基金合同生效日 2015 年 12 月 28 日 报告期末基金份额总额 15,551,291 ...

德邦大消费混合型证券投资基金 基金管理人：德邦基金管理有限公司 基金托管人：中国工商银行股份有限公司 报告送出日期：2025 年 7 月 18 日 德邦大消费混合 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。 基金托管人中国工商银行股份有限公司根据基金合同规定，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。 | | | 基金经理 19 日 员；2021 年 6 月加入德邦基金，现任公 | §2 | | 基金产品概况 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- ...

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。 基金托管人中国民生银行股份有限公司根据基金合同规定，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。 德邦民裕进取量化精选灵活配置混合型证 券投资基金 基金管理人：德邦基金管理有限公司 基金托管人：中国民生银行股份有限公司 报告送出日期：2025 年 7 月 18 日 德邦民裕进取量化精选灵活配置混合 2025 年第 2 季度报告 §1 重要提示 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 | 德邦民裕进取量化精选灵活配置混合 | 基金简称 | | | --- | --- | --- | | 005947 | 基金主代码 | ...