Group 1 - The article highlights the significant increase in the fund circulation shares of the Zhongzheng Dividend Quality ETF, indicating a strong influx of capital into this fund [1] - The fund's shares increased from 0 to 0.2 billion, showing a notable growth trend over the specified period [1] - The data reflects daily changes in fund circulation shares, emphasizing the volatility and investor interest in this particular ETF [1]

9月18日，指数午后持续走低，上证指数跌幅扩大至1%，早盘一度逼近3900点。"高质量红利"中证红利 质量ETF(159209)跌2.13%，3月25日以来涨15.79%。资金热度不减，据Wind Level2实时行情结合均价预 估，盘中净流入超1600万，截至发稿，该基金获资金连续8日净流入，累计约7000万。 | 2111-2 上一篇版 | 159209 | | | | --- | --- | --- | --- | | | -0.028 -2.39% | | | | SZSE CN 14:38:51 交易中 | | / B + | | | 净值走势 | 招商中证全指红利质量ETF | | | | 出 0.00% 120日 | | 15.25% | | | 日 -1.47% 250日 | | 0.00% | | | 20日 | 3.15% 52周高 | 1.17 | | | 60日 | 15.48% 52筒低 | 0.90 | | | 实时申购随回信息 | 申购 | 陵回 | | | 笔数 | 14 | | 0 | | 金额 | 0 | | 0 | | 份额 | 1400万 | | 0 | | 申陵清单 ...

产品设计层面，中证红利质量ETF(159209)费用模式采用"0.15%+0.05%"的全市场最低档 ，长期持有具 备明显的成本优势；分红模式采用月度评估分红机制，能更好地满足投资者的现金流需求，提升持有体 验。 根据公告，中证红利质量ETF（159209）本次为年内第三次分红，方案为每份基金份额派发现金红利 0.003元，今日分红到账。 产品策略方面，159209采用"高股息+高盈利质量"策略，侧重消费、医药等成长板块优质企业，兼顾防 御与成长潜力。从投资价值来看，红利质量策略在当前低利率环境下具备显著优势。其成分股不仅具备 高股息率（当前红利质量指数股息率为3.8%），还拥有稳健的盈利能力和成长性，符合"高质量增长"的 投资逻辑。 ...

Group 1 - The core viewpoint of the news highlights the performance of the China Securities Dividend Quality ETF (159209), which experienced a slight decline of 0.52% while still attracting net inflows for six consecutive days [1][2] - The ETF is undergoing its third dividend distribution of the year, with a cash dividend of 0.003 CNY per share, reflecting its focus on stable dividend-paying companies with strong profitability [2] - The ETF tracks the CSI All Share Dividend Quality Index, which selects 50 companies known for stable dividends and high dividend yields, emphasizing a dual-factor screening mechanism of "low valuation" and "high quality" [2][3] Group 2 - The product design of the ETF features a cost structure of "0.15% + 0.05%", which is among the lowest in the market, providing a significant cost advantage for long-term holders [3] - The dividend distribution model employs a monthly assessment mechanism, enhancing cash flow for investors and improving the overall holding experience [3]

Core Viewpoint - The news highlights the dividend distribution plans for two ETFs, indicating their respective strategies and market positioning, which cater to different investor preferences. Group 1: Dividend Distribution Details - The China Securities Dividend Quality ETF (159209) will distribute a cash dividend of 0.0030 yuan per fund share, marking its third dividend distribution of the year [1] - The Hong Kong Stock Dividend Low Volatility ETF (520550) will distribute a cash dividend of 0.0040 yuan per fund share, representing its fifth dividend distribution of the year, with both ETFs achieving a dividend ratio of 0.3% [1] - The profit available for distribution at the end of the period for the China Securities Dividend Quality ETF is 8,189,754.25 yuan [1] Group 2: Product Strategy and Market Positioning - The 159209 ETF employs a "high dividend + high profitability quality" strategy, focusing on quality companies in growth sectors such as consumer and pharmaceuticals, balancing defensive and growth potential [2] - The 520550 ETF tracks the Hong Kong high dividend low volatility index, concentrating on defensive sectors like finance and public utilities, with the current index dividend yield exceeding 6%, highlighting its deep value and anti-volatility attributes [2] - Market perspectives suggest that these two products represent the two main directions of dividend strategies, providing differentiated tools for investors [2] - The associated linked funds (Class A 024029/Class C 024030) are now open for subscription and redemption, facilitating off-market allocation [2] - Investors are advised to choose based on their risk preferences: aggressive investors may focus on the China Securities Dividend Quality ETF, while conservative investors may prefer the Hong Kong Stock Dividend Low Volatility ETF; a "barbell strategy" can also be employed for dynamic balancing of value and growth exposure [2]

本次集体分红正值红利投资策略价值持续凸显之际。三只ETF分别覆盖A股高股息龙头、红利质量因子及港股低波红利资产，形成了互补性强的红利投资矩 阵。通过定期分红机制，不仅为投资者提供现金流回报，更体现了底层资产扎实的盈利能力和估值优势。 市场分析认为，在当前市场火热的环境下，红利策略以其稳健的表现和现金流价值仍然具有配置价值。招商基金此次同步分红，既为投资者提供了真金白银 的回报，也展现了公司通过产品创新推动长期投资、价值投资理念的实践。随着港股红利低波联接基金的开放申赎，投资者可更灵活地配置红利资产，把握 高股息策略的投资机遇。 招商基金近日公告，旗下三只红利ETF产品同步启动分红程序。其中，招商中证红利ETF（515080）实施本年度第三次分红，方案为每10份派现0.15元；中 证红利质量ETF（159209）与港股红利低波ETF（520550）分别进行第三次和第五次分红，单位分红比例均达0.3%。三只产品权益登记日集中在9月中旬前 后。 | 收益分配基准日 | 2025-09-02 | 收益分配基准目 | 2025 | | --- | --- | --- | --- | | 分红方案讲度 | 实施 | 分红 ...

Core Insights - The article discusses the dividend distribution plan for a fund, highlighting key dates and financial metrics related to the distribution [1] - It emphasizes the current market context for dividend investment strategies, particularly the performance of two types of ETFs [2] Group 1: Dividend Distribution Details - The dividend distribution benchmark date is set for August 29, 2025, with a unit dividend of 0.0030 yuan [1] - The benchmark unit net value is 1.1301 yuan, resulting in a dividend ratio of 0.27% [1] - Key dates include the rights registration date on September 12, 2025, the ex-dividend date on September 15, 2025, and the payment date on September 17, 2025 [1] Group 2: Market Analysis and Investment Strategies - The article highlights the "value growth" strategy of the CSI Dividend Quality ETF, focusing on high dividend yields and high profitability quality, particularly in consumer and pharmaceutical sectors [2] - Historical data indicates that this index has outperformed mainstream broad-based indices, offering a dividend yield of 3%-5% alongside stable ROE performance, providing both defensive and growth potential [2] - The "deep value" strategy represented by the Hong Kong Dividend Low Volatility ETF tracks the Hang Seng High Dividend Low Volatility Index, emphasizing high dividend yields and low volatility, with a current yield exceeding 6% [2] - The article suggests a dynamic balance in dividend opportunities, recommending aggressive investors consider the CSI Dividend Quality ETF, while conservative investors focus on the Hong Kong Dividend Low Volatility ETF [2]

本文源自：金融界 作者：ETF前线 据了解，中证红利质量ETF(159209)跟踪的中证全指红利质量指数选取 50 只分红稳定、股息率较高且盈 利持续性较好的上市公司证券作为指数样本，以反映具有较强分红和盈利能力特征的上市公司证券的整 体表现。区别于传统高股息，其当前持仓并不含有银行股。以"红利+质量"双因子筛选机制筛选出兼 具"低估值"+"高质量"双重护城河的优质企业。其核心理念与巴菲特"以合理价格投资卓越企业"的价值 投资逻辑高度契合。 产品设计层面，中证红利质量ETF(159209)费用模式采用"0.15%+0.05%"的全市场最低档 ，长期持有具 备明显的成本优势；分红模式采用月度评估分红机制，能更好地满足投资者的现金流需求，提升持有体 验。 风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的 信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资 人须对任何自主决定的投资行为负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 沪指一路高歌猛进， ...

Group 1 - The article highlights a significant increase in expectations for interest rate cuts overseas, leading to a positive opening for A-shares on Monday [1] - Data shows that as of August 22, the CSI Dividend Quality ETF (159209) has seen a net inflow of funds for 10 consecutive days [1] - Analysis indicates that high-quality stocks with strong profitability, ample cash flow, and reasonable valuations are currently favored by investors, reflecting a shift towards intrinsic value [1] Group 2 - The CSI Dividend Quality ETF (159209) tracks the CSI All Share Dividend Quality Index, which selects 50 companies with stable dividends, high dividend yields, and consistent profitability [1] - The ETF employs a "dividend + quality" dual-factor screening mechanism to identify high-quality companies with both "low valuation" and "high quality" characteristics, aligning with Warren Buffett's value investment philosophy [1] - The product features a cost structure of "0.15% + 0.05%", which is the lowest in the market, and a monthly assessment dividend mechanism to better meet investors' cash flow needs [1]

Group 1 - The core viewpoint of the articles highlights the strong performance of high-quality stocks in the market, particularly those with stable profitability, ample cash flow, and reasonable valuations, which are increasingly favored by investors as market logic returns to intrinsic value [1][2] - The China Securities Dividend Quality ETF (159209) has seen continuous net inflows for 10 days, indicating sustained investor interest and confidence in its strategy [1] - The ETF tracks the CSI All Share Dividend Quality Index, selecting 50 listed companies with stable dividends, high dividend yields, and consistent profitability, reflecting the overall performance of companies with outstanding dividend and profitability capabilities [1] Group 2 - The management and custody fees for the China Securities Dividend Quality ETF (159209) are only 0.20%, which is among the lowest in the market, providing a significant long-term cost advantage for investors [2] - The ETF employs a monthly dividend assessment mechanism, enhancing cash flow satisfaction for investors and improving the overall holding experience and capital efficiency [2]