Core Viewpoint - Shanghai Dongfang Securities Asset Management Co., Ltd. announced adjustments to the large subscription limits for non-individual investors in the Dongfang Hong Money Market Fund, effective November 26, 2025, to protect the interests of fund shareholders and ensure stable fund operations [1]. Summary by Category Fund Adjustment Details - The maximum subscription and transfer-in limit for non-individual investors is set at 10,000 yuan [1]. - Specific adjustments for sub-funds are as follows: - Dongfang Hong Money A (Code: 005056): Large subscription allowed, limit 10,000 yuan - Dongfang Hong Money B (Code: 005057): Large subscription allowed, limit 10,000 yuan - Dongfang Hong Money C (Code: 007864): No large subscription restrictions - Dongfang Hong Money D (Code: 007865): Large subscription allowed, limit 10,000 yuan; no transfer business currently available - Dongfang Hong Money E (Code: 005058): Large subscription allowed, limit 10,000 yuan [1].

Core Viewpoint - Shanghai Dongfang Securities Asset Management Co., Ltd. announced adjustments to the rules for large subscriptions by non-individual investors in the Dongfang Hong Money Market Fund D and E classes, effective September 5, 2025, to protect the interests of fund shareholders and ensure stable fund operations [1]. Summary by Category Fund Adjustment Details - The maximum subscription and transfer-in limit for non-individual investors is set at 500,000 yuan for Dongfang Hong Money Market Fund D and E classes [1]. - The specific adjustments for each sub-fund are as follows: - Dongfang Hong Money A (Code: 005056): Large subscription suspended, limit of 500,000 yuan for both subscription and transfer-in [1]. - Dongfang Hong Money B (Code: 005057): Large subscription suspended, limit of 500,000 yuan for both subscription and transfer-in [1]. - Dongfang Hong Money C (Code: 007864): No suspension of large subscriptions, not applicable for transfer-in and regular investment [1]. - Dongfang Hong Money D (Code: 007865): Large subscription suspended, limit of 500,000 yuan for subscription, no limit for transfer-in [1]. - Dongfang Hong Money E (Code: 005058): Large subscription suspended, limit of 500,000 yuan for both subscription and transfer-in [1].

Core Viewpoint - The report provides an overview of the performance and management of the Dongfang Hong Money Market Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and net asset value performance. Fund Product Overview - The Dongfang Hong Money Market Fund is managed by Shanghai Dongfang Securities Asset Management Co., Ltd. and is custodied by Industrial and Commercial Bank of China Limited. The fund aims to ensure high liquidity of assets while pursuing stable returns that exceed the performance benchmark [3][4]. Financial Indicators and Fund Net Value Performance - For the reporting period from April 1, 2025, to June 30, 2025, the fund's A class net value yield was 0.3307%, B class was 0.3908%, C class was 0.3308%, D class was 0.3683%, and E class was 0.3908%, all outperforming the benchmark yield of 0.0873% [15]. - The total fund assets at the end of the reporting period amounted to approximately 30.17 billion RMB [4]. Investment Strategy - The fund employs an active investment strategy based on predictions of short-term interest rate changes, utilizing both qualitative and quantitative analyses to achieve stable current returns while controlling risks and ensuring liquidity [5][14]. Management Report - The fund management team has adhered to relevant laws and regulations, ensuring fair treatment of all funds managed and maintaining a focus on maximizing the interests of fund shareholders [13][19]. Investment Portfolio Report - The fund's investment portfolio at the end of the reporting period included approximately 60.52% in bonds, with a focus on maintaining a balanced and liquid asset allocation [16][17]. - The average remaining maturity of the investment portfolio was 93 days, indicating a strategy focused on short-term investments [17]. Other Important Information - The fund did not experience any significant trading anomalies during the reporting period, and there were no instances of the fund's net asset value falling below the required thresholds [15][19].