Core Insights - The China A500 Dividend Low Volatility Index (932422) has shown a slight increase of 0.14% as of November 14, 2025, with notable gains in major banks such as Bank of China (601988) up by 2.26% and Industrial and Commercial Bank of China (601398) up by 2.07% [1] Investment Environment - The National Bureau of Statistics emphasizes the need to focus on high-quality development, optimize investment structure, and enhance the investment environment to stimulate private investment and promote healthy investment growth [1] - According to Zhongtai Securities, the investment logic for bank stocks is shifting from "pro-cyclical" to "weak-cyclical," making high-dividend bank stocks more attractive during economic stagnation [1] - With the M1 growth rate declining, major financial data has entered a downward cycle, attributed to weaker fiscal expansion and the fading of low base effects [1] ETF Performance - The China A500 Dividend Low Volatility ETF (561680) has a turnover rate of 1.8% and a transaction volume of 3.36 million yuan as of November 14, 2025 [2] - Since its inception, the ETF has recorded a maximum monthly return of 3.37% and an average monthly return rate of 3.37%, with a monthly profit probability of 78.57% [2] - The maximum drawdown since inception is 3.42%, with a recovery period of 30 days [2] Index Composition - As of October 31, 2025, the top ten weighted stocks in the China A500 Dividend Low Volatility Index account for 31.82% of the index, including Agricultural Bank of China (601288) and China Shenhua Energy (601088) [3] - The top ten stocks include major banks and companies, indicating a strong representation of the financial sector within the index [3][5]

截至2025年11月7日 10:02，中证A500红利低波动指数(932422)上涨0.60%，成分股江苏国泰(002091)上涨10.01%，云天化(600096)上涨3.91%，特变电工 (600089)上涨1.69%，浙江龙盛(600352)上涨1.37%，海螺水泥(600585)上涨1.13%。中证A500红利低波ETF(561680)上涨1.07%， 冲击5连涨。最新价报1.04 元。拉长时间看，截至2025年11月6日，中证A500红利低波ETF近1周累计上涨1.28%。 流动性方面，中证A500红利低波ETF盘中换手1.85%，成交374.97万元。拉长时间看，截至11月6日，中证A500红利低波ETF近1年日均成交2731.60万元。 | 股票代码 | 股票简称 | 涨跌幅 | 权庫 | | --- | --- | --- | --- | | 601288 | 农业银行 | -0.25% | 1.45% | | 600177 | 雅戈尔 | 0.39% | 1.34% | | 601328 | 交通银行 | -0.27% | 1.27% | | 601988 | 中国银行 | -0.18% | ...

截至2025年11月5日 11:04，中证A500红利低波动指数(932422)上涨0.22%，成分股特变电工(600089)上涨8.39%，浦发银行(600000)上涨2.41%，瀚蓝环境 (600323)上涨1.47%，美的集团(000333)上涨1.12%，江苏银行(600919)上涨1.08%。中证A500红利低波ETF(561680)上涨0.29%， 冲击3连涨。最新价报1.02 元。拉长时间看，截至2025年11月4日，中证A500红利低波ETF近1周累计上涨0.49%。 流动性方面，中证A500红利低波ETF盘中换手3.3%，成交719.80万元。拉长时间看，截至11月4日，中证A500红利低波ETF近1年日均成交2782.32万元。 费率方面，中证A500红利低波ETF管理费率为0.50%，托管费率为0.10%。 跟踪精度方面，截至2025年11月4日，中证A500红利低波ETF今年以来跟踪误差为0.101%，在可比基金中跟踪精度最高。 中证A500红利低波ETF紧密跟踪中证A500红利低波动指数，中证A500红利低波动指数从中证A500指数样本中选取50只连续分红、股息率较高且波动率较低 的 ...

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) has shown a positive performance with a 0.68% increase as of November 3, 2025, with notable gains from constituent stocks such as Tebian Electric Apparatus (600089) and Huanlan Environment (600323) [1] - The China Securities A500 Dividend Low Volatility ETF (561680) has also increased by 0.50%, with a latest price of 1.01 yuan, and has demonstrated a cumulative increase of 0.90% over the past two weeks [1] - The ETF has a management fee of 0.50% and a custody fee of 0.10%, with the highest tracking accuracy among comparable funds at 0.102% year-to-date [2] Performance Metrics - The ETF has recorded a maximum monthly return of 3.37% since inception, with an average monthly return of 3.37% and a profit probability of 68.42% [1] - The maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23%, and a recovery period of 30 days [1] - The top ten weighted stocks in the index account for 31.82% of the total, with Agricultural Bank of China (601288) and China Shenhua Energy (601088) being the most significant contributors [2] Stock Performance - The top ten stocks by weight in the index include Agricultural Bank of China (0.75% increase), China Shenhua Energy (2.35% increase), and Industrial and Commercial Bank of China (1.67% increase) [4] - Other notable stocks include China Bank (1.25% increase) and Jiangsu Bank (1.58% increase), while Gree Electric Appliances saw a decline of 1.11% [4]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.23% as of October 28, 2025, with mixed performance among constituent stocks [1] Group 1: Index Performance - The China Securities A500 Dividend Low Volatility ETF (561680) also fell by 0.29%, with the latest price at 1.02 yuan [1] - Over the past week, the ETF has accumulated a rise of 1.90%, ranking in the top third among comparable funds [1] Group 2: Trading and Liquidity - The ETF had a turnover rate of 0.2% during the trading session, with a transaction volume of 500,900 yuan [1] - The average daily transaction volume for the ETF over the past year was 31,027,800 yuan [1] Group 3: Profitability and Drawdown - Since its inception, the ETF has a monthly profit probability of 60.00% [1] - The maximum drawdown since inception is 3.42%, with a relative benchmark drawdown of 0.23% and a recovery period of 30 days [1] Group 4: Fee Structure and Tracking Accuracy - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [2] - The tracking error for the ETF over the past month is 0.024%, the highest among comparable funds [2] Group 5: Index Composition - The index selects 50 securities from the China Securities A500 Index sample based on continuous dividends, high dividend yield, and low volatility [2] - As of September 30, 2025, the top ten weighted stocks in the index include Agricultural Bank of China (601288), Yageo (600177), and China Shenhua (601088), accounting for a total of 30.72% of the index [2]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.22% as of October 23, 2025, with mixed performance among constituent stocks, indicating a cautious market sentiment [1]. Group 1: Index Performance - The China Securities A500 Dividend Low Volatility ETF (561680) fell by 0.30%, with the latest price at 1.01 yuan [1]. - Over the past week, the ETF has seen a cumulative increase of 0.90%, ranking in the top third among comparable funds [1]. - The ETF recorded an intraday turnover of 3.81%, with a total transaction value of 11.7553 million yuan [1]. Group 2: Fund Flow and Leverage - There has been a continuous inflow of leveraged funds into the ETF, with net purchases for three consecutive days, peaking at a net buy of 305,600 yuan in a single day [1]. - The latest financing balance reached 342,000 yuan, indicating strong investor interest [1]. Group 3: Drawdown and Fees - The maximum drawdown since the ETF's inception is 3.42%, with a relative benchmark drawdown of 0.23% and a recovery period of 30 days [2]. - The management fee for the ETF is set at 0.50%, while the custody fee is 0.10% [2]. Group 4: Tracking Accuracy - The ETF has achieved the highest tracking accuracy among comparable funds, with a tracking error of 0.113% year-to-date [2]. - The index closely follows the China Securities A500 Dividend Low Volatility Index, which selects 50 securities with high dividend yields and low volatility from the A500 index sample [2]. Group 5: Top Holdings - As of September 30, 2025, the top ten weighted stocks in the index account for 30.72% of the total, including Agricultural Bank of China (601288), Yageo (600177), and China Shenhua Energy (601088) [2].

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index and its corresponding ETF have shown positive performance, with notable increases in specific constituent stocks and overall tracking accuracy [1][2]. Group 1: Index Performance - As of October 22, 2025, the China Securities A500 Dividend Low Volatility Index (932422) increased by 0.33%, with key stocks such as China National Pharmaceutical Group (600511) rising by 3.75% and Tunnel Co. (600820) by 3.14% [1]. - The China Securities A500 Dividend Low Volatility ETF (561680) rose by 0.50%, with a latest price of 1.01 yuan [1]. - Over the past week, the ETF has accumulated a rise of 0.40% [1]. Group 2: Liquidity and Trading Volume - The ETF had a turnover rate of 1.2% during the trading session, with a transaction volume of 4.026 million yuan [1]. - The average daily trading volume of the ETF over the past year was 30.7797 million yuan [1]. Group 3: Drawdown and Fees - The maximum drawdown since the ETF's inception was 3.42%, with a relative benchmark drawdown of 0.23% [1]. - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [1]. Group 4: Tracking Accuracy - As of October 21, 2025, the ETF's tracking error for the year was 0.115%, making it the highest in tracking accuracy among comparable funds [1]. Group 5: Index Composition - The China Securities A500 Dividend Low Volatility Index is composed of 50 securities selected from the A500 Index, focusing on those with high dividend yields and low volatility [2]. - As of September 30, 2025, the top ten weighted stocks in the index accounted for 30.72% of the total index weight, including Agricultural Bank of China (601288) and Gree Electric Appliances (000651) [2].

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) has shown a slight increase of 0.21% as of October 17, 2025, with notable gains from constituent stocks such as Yuyuan Holdings (600655) up 2.39% and Huayu Automotive (600741) up 1.72% [1][2] Performance Summary - The China Securities A500 Dividend Low Volatility ETF (561680) has increased by 0.20%, marking its fourth consecutive rise, with the latest price at 1.01 yuan [1] - Over the past week, the ETF has accumulated a total increase of 2.03% [1] - The ETF's trading volume showed a turnover of 0.86% during the session, with a total transaction value of 3.1429 million yuan [1] - The average daily trading volume over the past week was 36.1807 million yuan [1] Risk and Return Metrics - The maximum drawdown since the inception of the ETF is 3.42%, while the relative benchmark drawdown is 0.23% [1] - The management fee for the ETF is set at 0.50%, with a custody fee of 0.10% [1] - The tracking error for the ETF over the past month is 0.025%, indicating the highest tracking precision among comparable funds [1] Index Composition - The China Securities A500 Dividend Low Volatility Index selects 50 securities from the A500 index based on continuous dividends, high dividend yield, and low volatility, weighted by dividend yield [2] - As of September 30, 2025, the top ten weighted stocks in the index include Agricultural Bank of China (601288), Yager (600177), and China Shenhua (601088), collectively accounting for 30.72% of the index [2] Top Weighted Stocks - The top ten stocks by weight and their respective performance include: - Agricultural Bank of China (601288): +1.07%, 1.45% weight - Yager (600177): 0.00%, 1.34% weight - China Shenhua (601088): +0.45%, 1.23% weight - Other notable stocks include China Bank (601988), Industrial and Commercial Bank of China (601398), and Gree Electric Appliances (000651) [4]

Core Viewpoint - The China Securities A500 Dividend Low Volatility Index and its corresponding ETF have shown positive performance, with significant increases in both the index and ETF prices, indicating a favorable investment environment for low volatility and high dividend yield stocks [1][2]. Performance Summary - As of October 16, 2025, the China Securities A500 Dividend Low Volatility Index (932422) increased by 0.26%, with notable gains from key stocks such as China Shenhua (2.40%) and Hikvision (1.68%) [1]. - The China Securities A500 Dividend Low Volatility ETF (561680) rose by 0.40%, marking its third consecutive increase, with the latest price at 1.01 yuan [1]. - Over the past week, the ETF has accumulated a total increase of 2.88%, ranking it in the top third among comparable funds [1]. Liquidity and Trading Activity - The ETF experienced a turnover rate of 2.62% during trading, with a total transaction volume of 10.04 million yuan [1]. - The average daily trading volume for the ETF over the past week was 32.66 million yuan [1]. Drawdown and Tracking Accuracy - Since its inception, the maximum drawdown for the ETF has been 3.42%, with a relative benchmark drawdown of 0.23% [1]. - The tracking error for the ETF over the past month was recorded at 0.025%, indicating the highest tracking precision among comparable funds [1]. Index Composition - The China Securities A500 Dividend Low Volatility Index is composed of 50 securities selected from the A500 index, focusing on those with consistent dividends, high dividend yields, and low volatility [2]. - As of September 30, 2025, the top ten weighted stocks in the index accounted for 30.72% of the total index weight, with Agricultural Bank of China and Yagor being among the top contributors [2].

Core Insights - The China Securities A500 Dividend Low Volatility Index (932422) experienced a slight decline of 0.08% as of October 15, 2025, with mixed performance among constituent stocks [1] - The index's ETF (561680) showed a recent price of 1 yuan, with a weekly increase of 2.67%, ranking in the top third among comparable funds [1] - The ETF's trading volume was notable, with an average daily transaction of 34.18 million yuan over the past week, leading among comparable funds [1] Performance Summary - Leading stocks included Agricultural Bank of China (601288) up by 1.82%, Conch Cement (600585) up by 1.63%, and Sun Paper (002078) up by 1.54% [1] - The largest declines were seen in TBEA Co., Ltd. (600089) down by 5.18%, Hikvision (002415) down by 1.74%, and China Nuclear Power (601985) down by 1.41% [1] Liquidity and Drawdown - The ETF's turnover rate was 1.04%, with total transactions amounting to 4.1664 million yuan [1] - The maximum drawdown since the ETF's inception was 3.42%, with a relative benchmark drawdown of 0.23% [1] Fee Structure - The management fee for the ETF is set at 0.50%, while the custody fee is 0.10% [1] Tracking Accuracy and Valuation - The ETF achieved a tracking error of 0.034% over the past month, the highest among comparable funds [2] - The underlying index is currently valued at a historical low with a price-to-book (PB) ratio of 1.01, below 82.31% of the time over the past year, indicating strong valuation appeal [2] Index Composition - The index comprises 50 stocks selected from the China Securities A500 Index, focusing on those with consistent dividends, high dividend yields, and low volatility [2] - As of September 30, 2025, the top ten weighted stocks accounted for 30.72% of the index, including Agricultural Bank of China (601288), Yageo (600177), and China Shenhua (601088) [2]