招商中证有色金属矿业主题交易型开 放式指数证券投资基金 2025 年中期报 告 基金管理人：招商基金管理有限公司 基金托管人：国泰海通证券股份有限公司 送出日期：2025 年 8 月 28 日 招商中证有色金属矿业主题交易型开放式指数证券投资基金 2025 年中期报告 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。本中期报告已经三分之二 以上独立董事签字同意，并由董事长签发。 基金托管人国泰海通证券股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核 了本报告中的财务指标、净值表现、利润分配情况、财务会计报告、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及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 第 1 页 共 46 页 招商中 ...

Fund Overview - The fund is named "招商中证香港科技交易型开放式指数证券投资基金（QDII）" and is abbreviated as "港股科技 50ETF" [2] - The fund aims to closely track the underlying index with a target of minimizing tracking deviation and tracking error [2] - The fund primarily adopts a full replication method to construct its stock investment portfolio based on the underlying index [2] Financial Performance - The fund achieved a realized income of 17,868,010.59 RMB and a profit of 21,370,215.06 RMB during the reporting period [3] - The weighted average net value profit rate for the period was 5.00%, with a net asset value of 585,250,731.84 RMB at the end of the period [3] - The fund's net asset value per share increased by 26.09% during the reporting period [3][7] Market Context - The Hong Kong stock market continued its upward trend, with the Hang Seng Index rising by 20.00% and the Hang Seng Technology Index increasing by 18.68% [6] - The fund's benchmark index, the Hong Kong Technology Index, rose by 27.64% during the reporting period, benefiting from improved corporate fundamentals and favorable market policies [6][7] Investment Strategy - The fund maintains a high investment position, with an average holding of around 99% during the reporting period [6] - The fund's investment strategy includes various approaches such as bond investment, asset-backed securities, and derivatives [2] Management and Compliance - The fund management company, 招商基金管理有限公司, has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across portfolios [5] - The fund's operations during the reporting period complied with relevant laws and regulations, with no significant abnormal trading behavior reported [6][10]

Fund Overview - The fund is named "Zhaoshang Zhongzheng Biotechnology Theme ETF" and was established on February 8, 2021, with a total fund share of 145,372,396.00 shares as of the report date [2][3]. - The fund aims to closely track the performance of the underlying index, minimizing tracking deviation and error through a full replication strategy [2][3]. Financial Performance - The fund reported a realized loss of approximately 8.98 million RMB and a profit of 5.37 million RMB for the reporting period from January 1 to June 30, 2025 [3][4]. - The weighted average net value profit rate was 7.21%, with a net asset value of approximately 71.41 million RMB at the end of the reporting period [3][4]. - The fund's net asset value per share was 0.4913 RMB, with a cumulative net value growth rate of -50.87% since inception [3][4]. Market Context - The underlying index, the Zhongzheng Biotechnology Theme Index, increased by 6.46% during the reporting period, while the fund's net value growth rate was 6.87% [7][8]. - The market showed active trading sentiment, supported by fiscal and monetary policies aimed at stabilizing growth and promoting high-quality development [7][8]. Investment Strategy - The fund employs a strategy that includes risk management through hedging with liquid and actively traded index futures, as well as participation in government bond futures to control systemic risks in the bond market [2][3]. - The fund's investment decisions are based on thorough analysis of macroeconomic conditions and the impact of domestic fiscal and monetary policies on the bond market [2][3]. Regulatory Compliance - The fund management strictly adheres to relevant laws and regulations, ensuring that all transactions are conducted in compliance with the fund contract and regulatory requirements [6][8]. - The fund has not experienced any significant abnormal trading behavior that could harm the interests of fund shareholders during the reporting period [6][8].

Fund Overview - The fund is named "Zhaoshang Guozheng Food and Beverage Industry Exchange-Traded Fund" and was established on January 25, 2021 [2] - The fund aims to closely track the performance of the Guozheng Food and Beverage Industry Index, with a target tracking deviation of no more than 0.20% on a daily basis and an annual tracking error of no more than 2% [2][3] - The fund employs a passive investment strategy through full replication of the underlying index [2] Financial Performance - The fund reported a realized loss of approximately 7.19 million RMB and a total profit loss of about 17.31 million RMB for the reporting period from January 1, 2025, to June 30, 2025 [3][4] - The weighted average net value profit rate was -5.95%, and the fund's share net value growth rate was -6.09% [3][4] - The fund's total net asset value at the end of the reporting period was approximately 288.81 million RMB, with a share net value of 0.6355 RMB [3][4] Investment Strategy - The fund's investment strategy includes constructing a stock portfolio based on the composition and weight of the underlying index's constituent stocks [2] - The fund's performance benchmark is the return rate of the Guozheng Food and Beverage Industry Index [2] Management and Compliance - The fund management company, Zhaoshang Fund Management Co., Ltd., is responsible for managing the fund's assets with a commitment to honesty and diligence [4][5] - The fund has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across all portfolios [8][9] Market Context - During the reporting period, the overall A-share market showed a certain degree of upward volatility, with the CSI 300 Index rising by 0.03% and the CSI 500 Index increasing by 3.31% [9][10] - The fund's net value growth rate of -6.09% outperformed the benchmark growth rate of -8.72% during the same period [10]

招商中证消费电子主题交易型开放式 指数证券投资基金 2025 年中期报告 基金管理人：招商基金管理有限公司 基金托管人：中信建投证券股份有限公司 送出日期：2025 年 8 月 28 日 招商中证消费电子主题交易型开放式指数证券投资基金 2025 年中期报告 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。本中期报告已经三分之二 以上独立董事签字同意，并由董事长签发。 基金托管人中信建投证券股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核 了本报告中的财务指标、净值表现、利润分配情况、财务会计报告、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及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 第 1 页 共 49 页 招商中证消费电子 ...

招商中证云计算与大数据主题交易型 开放式指数证券投资基金 2025 年中期 报告 基金管理人：招商基金管理有限公司 基金托管人：中信证券股份有限公司 送出日期：2025 年 8 月 28 日 招商中证云计算与大数据主题交易型开放式指数证券投资基金 2025 年中期报告 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。本中期报告已经三分之二 以上独立董事签字同意，并由董事长签发。 基金托管人中信证券股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核了本 报告中的财务指标、净值表现、利润分配情况、财务会计报告、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及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 第 1 页 共 52 页 招商中证云 ...

Group 1 - The fund is managed by Anxin Fund Management Co., Ltd. and is a bond-type securities investment fund (LOF) [1][2] - The fund aims to achieve stable investment returns that exceed the benchmark while taking on moderate credit risk [1][3] - As of June 30, 2025, the total number of fund shares is approximately 918.43 million [1][2] Group 2 - The fund's investment strategy includes credit strategies, interest rate strategies, and convertible bond investment strategies, among others [1][3] - The performance benchmark for the fund is the China Bond Composite Index [1][3] - The fund's risk-return characteristics indicate that it has a long-term average risk level and expected returns lower than equity funds but higher than money market funds [1][3] Group 3 - The fund's net asset value (NAV) for different classes as of June 30, 2025, includes: - Class C: 1.0538 RMB, with a growth rate of 0.66% - Class D: 1.0551 RMB, with a growth rate of 0.70% - Class E: 1.1068 RMB, with a growth rate of 0.55% [1][13] - The fund's performance over the past year shows a return of 1.73% for Class D and 1.51% for Class F, compared to the benchmark's return of -0.14% [1][13] Group 4 - The fund manager has been managing 99 open-end funds as of the report date, indicating a diverse portfolio [4][5] - The fund management company was established in December 2011 and has a registered capital of 506.25 million RMB [4][5] - The fund management team includes experienced professionals with extensive backgrounds in asset management and investment [7][8]

Core Viewpoint - The Morgan Stanley Resource Select Mixed Securities Investment Fund (LOF) aims to convert the economic value of Chinese resources into sustainable investment returns, focusing on long-term and stable investment returns for its shareholders [3][11]. Fund Overview - The fund is managed by Morgan Stanley Fund Management (China) Co., Ltd. and is custodied by China Everbright Bank Co., Ltd. [2][3]. - The fund was established on September 27, 2005, and its shares were listed on the Shenzhen Stock Exchange on July 5, 2007 [3]. - As of June 30, 2025, the total number of fund shares is 496,274,366.14 [3]. Investment Strategy - The fund employs a "top-down" approach combined with a "bottom-up" investment strategy, focusing on resource-related stocks and adjusting the allocation based on market conditions [3][11]. - The investment strategy includes a focus on high-quality companies in the resource sector, aiming to share in the long-term value appreciation of these resources [3][11]. Financial Performance - For the reporting period from January 1, 2025, to June 30, 2025, the fund achieved a profit of CNY 17,947,197.08 and realized income of CNY 4,806,520.12 [5][11]. - The fund's net asset value at the end of the reporting period was CNY 403,140,050.35, with a share net value of CNY 0.8123 [5][11]. - The fund's share net value growth rate for the period was 4.60%, outperforming the benchmark return of 0.45% [11]. Market Conditions - The A-share market experienced fluctuations in the first half of 2025, with the Shanghai Composite Index rising by 2.76% [10]. - The fund maintained a relatively stable position in its asset allocation, optimizing both industry and individual stock selections based on macroeconomic and sectoral variables [11]. Future Outlook - The fund anticipates that while tariff issues have caused some market disturbances, the overall economic resilience and policy shifts will support investment opportunities, particularly in high-end manufacturing and domestic demand sectors [12][13]. - The fund will continue to focus on value investment principles, seeking companies with strong growth potential and stable earnings [13].

泰康中证智能电动汽车交易型开放式指数 证券投资基金 基金管理人：泰康基金管理有限公司 基金托管人：招商银行股份有限公司 送出日期：2025 年 8 月 28 日 智能车 TK2025 年中期报告 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的法律责任。本中期报告已经三分之二以 上独立董事签字同意，并由董事长签发。 基金托管人招商银行股份有限公司根据本基金合同规定，于 2025 年 8 月 27 日复核了本报告 中的财务指标、净值表现、利润分配情况、财务会计报告、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 基金的招募说明书及其更新。 本报告财务资料未经审计。 本报告期为 2025 年 1 月 1 日起至 2025 年 6 月 30 日止。 第 2页 共 55页 智能车 TK2025 年中期报告 第 3页 共 55页 智能车 TK20 ...

Fund Overview - The fund is named "Rongtong Tongfu Bond Fund (LOF)" and is managed by Rongtong Fund Management Co., Ltd. with China Industrial and Commercial Bank as the custodian [1][2] - The fund aims for long-term stable appreciation of assets primarily through bond investments while strictly controlling risks [1][2] - The fund's total shares at the end of the reporting period were 625,739,333.07 [1] Financial Performance - The fund achieved a realized income of approximately 12.78 million RMB for Class A, 0.88 million RMB for Class C, and 1.67 million RMB for Class D during the reporting period [2] - The net asset value (NAV) for Class A was 1.0714 RMB, Class C was 1.1789 RMB, and Class D was 1.2930 RMB at the end of the reporting period [5] - The cumulative NAV growth rate for Class A was 47.11%, Class C was 43.26%, and Class D was 9.13% [2] Investment Strategy - The fund adopted a top-down approach for dynamic asset allocation, adjusting the proportion of major financial assets based on macroeconomic conditions and market trends [1][5] - The strategy included increasing long-term bond allocations in late March while maintaining a focus on coupon strategies [5][6] - The fund manager emphasized absolute returns while controlling drawdowns, achieving the expected results for the first half of the year [5] Market Outlook - The overall economic performance is stable and improving, with expectations for fiscal policies and measures to stimulate domestic demand to be gradually introduced [6] - The bond market is expected to remain within a range, with potential support from the economic fundamentals, while the equity market is driven by liquidity and risk appetite [6][7] - The fund manager anticipates that the core opportunities will remain in the equity market, focusing on structural opportunities rather than broad index movements [6][7] Fund Management - The fund management strictly adhered to the principles of fair treatment and compliance with relevant laws and regulations during the reporting period [4][9] - The fund's valuation processes were conducted in accordance with established guidelines, ensuring accuracy and minimizing valuation discrepancies [7][8] - The fund's performance and financial indicators were verified by the custodian, confirming their authenticity and completeness [9]