Core Insights - The article provides an objective ranking of fund net asset values, highlighting the top-performing and bottom-performing funds without any subjective bias [1] Fund Performance Summary Top 10 Funds by Net Value Growth - The top-performing funds include: - Huafu Yongxin Flexible Allocation Mixed A with a net value of 1.7137, up by 4.96% [2] - Huafu Yongxin Flexible Allocation Mixed C with a net value of 1.6648, also up by 4.96% [2] - Wanjia Cycle Vision Stock Initiation A with a net value of 0.9939, up by 4.89% [2] - Wanjia Cycle Vision Stock Initiation C with a net value of 0.9931, up by 4.88% [2] - Qianhai Kaiyuan Gold and Silver Jewelry Mixed A with a net value of 2.4180, up by 4.45% [2] - Qianhai Kaiyuan Gold and Silver Jewelry Mixed C with a net value of 2.3630, up by 4.42% [2] - Southern CSI Hong Kong Gold Industry Stock Index Initiation A with a net value of 1.6638, up by 4.26% [2] - Southern CSI Hong Kong Gold Industry Stock Index Initiation C with a net value of 1.6596, up by 4.25% [2] - Yongying CSI Hong Kong Gold Industry ETF Initiation Link C with a net value of 1.8692, up by 4.24% [2] - Yongying CSI Hong Kong Gold Industry ETF Initiation Link A with a net value of 1.8793, up by 4.24% [2] Bottom 10 Funds by Net Value Decline - The underperforming funds include: - Huabao Overseas China Growth Mixed with a net value of 1.4560, down by 3.77% [3] - Bosera Greater China Mixed with a net value of 1.0430, down by 2.89% [3] - AVIC New Start A with a net value of 0.8586, down by 2.85% [3] - AVIC New Start C with a net value of 0.8421, down by 2.85% [3] - Huaan Greater China A with a net value of 2.2590, down by 2.67% [3] - Guofu National Certificate Hong Kong C with a net value of 0.9463, down by 2.66% [3] - Guofu National Certificate Hong Kong A with a net value of 0.9464, down by 2.66% [3] - Huaan Hong Kong Precision A with a net value of 2.8020, down by 2.64% [3] - Huaan Greater China C with a net value of 1.8460, down by 2.64% [3] - Fortune Core Advantage C with a net value of 1.6357, down by 2.57% [3] Market Overview - The Shanghai Composite Index showed slight fluctuations, closing with a minor increase, while the ChiNext Index exhibited similar behavior [5] - The total trading volume reached 1.74 trillion, with a stock rise-to-fall ratio of 1200:4175 [5] Leading Industries and Concepts - Industries with significant gains include: - Shipbuilding, Oil, Insurance, and Non-ferrous Metals, each rising over 2% [6] - Concepts leading the market include: - Aquaculture and Military Trade, both also increasing over 2% [6] Notable Holdings and Fund Strategies - The top holdings in the best-performing fund, Huafu Yongxin Flexible Allocation Mixed A, include: - Shandong Gold, with a daily increase of 5.98% [9] - Other significant holdings include Shandong International and Zijin Mining, contributing to a total holding concentration of 88.53% [9] - Conversely, the underperforming fund, Huabao Overseas China Growth Mixed, has a holding concentration of 38.75%, with major holdings in Jiangxi Copper and Luoyang Molybdenum, which have seen declines [9]

Core Insights - The article provides an overview of the performance of various mutual funds, highlighting the top and bottom performers based on net asset value updates as of October 20, 2025 [3][4]. Fund Performance Summary Top Performing Funds - The top 10 funds with the highest net value growth include: 1. Rongtong New Energy Vehicle Theme Selected A: 2.6994 (up from 2.5757) [3] 2. Rongtong New Energy Vehicle Theme Selected C: 2.6303 (up from 2.5099) [3] 3. Huian Growth Preferred Mixed A: 2.0799 (up from 1.9847) [3] 4. Huian Growth Preferred Mixed C: 1.9519 (up from 1.8626) [3] 5. Manulife Growth Mixed: 3.3419 (up from 3.1896) [3] 6. Zhongjia Core Intelligent Manufacturing Mixed A: 1.8700 (up from 1.7852) [3] 7. Zhongjia Core Intelligent Manufacturing Mixed C: 1.8291 (up from 1.7462) [3] 8. Manulife Performance Mixed A: 2.1059 (up from 2.0108) [3] 9. Manulife Performance Mixed C: 2.0781 (up from 1.9843) [3] 10. Manulife Economic Leading Two-Year Holding Mixed: 1.1704 (up from 1.1185) [3] Bottom Performing Funds - The bottom 10 funds with the lowest net value growth include: 1. Qianhai Kaiyuan Gold and Silver Jewelry Mixed A: 2.4620 (down from 2.6090) [4] 2. Qianhai Kaiyuan Gold and Silver Jewelry Mixed C: 2.4060 (down from 2.5490) [4] 3. Huafu Yongxin Flexible Allocation Mixed C: 1.6901 (down from 1.7884) [4] 4. Huafu Yongxin Flexible Allocation Mixed A: 1.7397 (down from 1.8407) [4] 5. Wanjia Cycle Vision Stock Initiation C: 1.0294 (down from 1.0806) [4] 6. Wanjia Cycle Vision Stock Initiation A: 1.0298 (down from 1.0810) [4] 7. Yinhua Domestic Demand Selected Mixed (LOF): 3.8010 (down from 3.9700) [4] 8. Yinhua Tongli Selected Mixed: 1.2138 (down from 1.2662) [4] 9. Yinhua Growth Pioneer Mixed: 1.4650 (down from 1.5270) [4] 10. Gold Stock ETF: 1.9938 (down from 2.0742) [4] Market Overview - The Shanghai Composite Index opened high and experienced horizontal fluctuations, closing slightly up, while the ChiNext Index showed a similar trend with a slight increase [6]. - The total trading volume was 1.75 trillion (down by 200 billion from the previous trading day) [6]. - The number of advancing stocks was 4064, while declining stocks numbered 1253 [6]. - Leading sectors included communication equipment and gas supply, both rising over 3% [6].

Market Performance - The Shanghai Composite Index rose by 0.04% to close at 3861.87 points, with a daily high of 3876.69 points [1] - The Shenzhen Component Index increased by 0.45% to close at 13063.97 points, reaching a high of 13071.22 points [1] - The ChiNext Index saw a rise of 0.68%, closing at 3087.04 points, with a peak of 3089.78 points [1] Margin Trading Data - The total margin trading balance in the Shanghai and Shenzhen markets was 23848.08 billion yuan, with a financing balance of 23679.68 billion yuan and a securities lending balance of 168.4 billion yuan [1] - The margin trading balance increased by 226.82 billion yuan compared to the previous trading day [1] - The Shanghai market's margin trading balance was 12174.44 billion yuan, up by 122.78 billion yuan, while the Shenzhen market's balance was 11673.64 billion yuan, increasing by 104.04 billion yuan [1] Top Stocks by Margin Buying - A total of 3449 stocks had margin buying, with the top three being: - Shenghong Technology (47.06 billion yuan) - Zhongke Shuguang (40.13 billion yuan) - Hanwujing (37.64 billion yuan) [2] New Fund Issuances - Five new funds were launched, including: - Xingyin Yifu Conservative Pension Target One-Year Holding Mixed Fund (FOF) - Southern CSI Hong Kong Stock Connect Technology ETF Initiating Link A - Southern CSI Hong Kong Stock Connect Technology ETF Initiating Link C - Wanji Cycle Vision Stock Initiating Fund C - Wanji Cycle Vision Stock Initiating Fund A [3] Top Net Purchases by Dragon and Tiger List - The top ten net purchases on the Dragon and Tiger list were: - Huasheng Tiancai (66337.98 million yuan) - Hanwei Technology (37405.82 million yuan) - Sanhua Intelligent Control (33447.08 million yuan) - Xinghui Entertainment (27845.08 million yuan) - Gongxiao Daji (26218.34 million yuan) - Shanzigao Technology (26125.3 million yuan) - Kuaijingtong (25741.69 million yuan) - Kesen Technology (17282.26 million yuan) - Tianji Shares (12011.21 million yuan) - Puzhou Shares (9725.6 million yuan) [4]