Core Viewpoint - The AI Fund, China Europe Dividend Smart Mixed A (023584), reported a profit of 7.22 million yuan for Q2 2025, with a net value growth rate of 3% during the period [3] Group 1: Fund Performance - The fund's profit for the second quarter was 7.22 million yuan, resulting in a weighted average profit per fund share of 0.03 yuan [3] - As of the end of Q2, the fund's scale was 248 million yuan [3] - The unit net value as of July 18 was 1.037 yuan [3] Group 2: Fund Manager Insights - The fund manager, Zhang Xueming, oversees five funds, with the highest one-year return for China Europe Prosperity Selected Mixed A at 39.63%, while China Europe Quality Selected Mixed A had the lowest at 14.46% [3] - The fund management indicated that the dividend strategy remains a foundational strategy, complementing the prosperity strategy, allowing for rotation to enhance returns in specific months [3] Group 3: Investment Strategy - The dividend strategy is referred to as a "safety net strategy" or carry strategy overseas, with its foundation based on dividend returns, considered to have the highest market lower limit [3] - The annualized return is easily measurable, and the fund management emphasizes the importance of being objective regarding dividend performance, noting that significant fluctuations in performance are often unreasonable [3] Group 4: Top Holdings - As of the end of Q2 2025, the fund's top ten holdings included Zhongchuang Zhiling, OPPLE Lighting, Tiandi Technology, Zhonggu Logistics, Shouhua Environmental Protection, Huate Dain, Shangfeng Cement, Xinhua Insurance, Ordos, Midea Group, and Zhengmei Machine [4]

Group 1 - As of April 22, 2025, a total of 166 institutional investors disclosed holdings in Ruida Futures, amounting to 369 million shares, which represents 82.90% of the total share capital [1] - The top ten institutional investors collectively hold 81.71% of the shares, with a slight decrease of 0.28 percentage points compared to the previous quarter [1] - Major institutional investors include Fujian Ruida Holdings, Quanzhou Yunchou Investment, and Hong Kong Central Clearing Limited among others [1] Group 2 - In the public fund sector, 156 new public funds were disclosed this period, including notable funds such as GF Multi-Factor Mixed and Bosera Innovation Economy Mixed A [2] - Two public funds were not disclosed this period, specifically Southern CSI 1000 ETF and Huaxia CSI 1000 ETF [2] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.50% compared to the previous period [2]