Core Viewpoint - The AI Fund Huashang Dividend Preferred Mixed Fund (000279) reported a profit of 6.2354 million yuan for Q2 2025, with a net value growth rate of 3.71% and a fund size of 169 million yuan as of the end of Q2 2025 [3][17]. Fund Performance - The fund's weighted average profit per share for the period was 0.0265 yuan [3]. - As of July 21, the unit net value was 0.736 yuan [3]. - The fund's performance over different time frames includes a near-term return of 6.21% over the last three months, 6.98% over the last six months, and a negative return of -2.26% over the last year [4]. Investment Strategy - The fund manager indicated that the rise in dividend style was driven by increased risk aversion and long-term capital allocation, highlighting the defensive attributes of high-dividend, low-volatility assets in uncertain external conditions [3]. - The fund is currently focused on sectors with stable growth expectations, such as banking, electricity, and non-ferrous metals, which have low capital expenditure needs and stable profitability [4]. Fund Holdings - As of June 30, the fund's top ten holdings include major banks and mining companies, such as Industrial Bank, Shanghai Pudong Development Bank, and Zijin Mining [20]. Risk Metrics - The fund's three-year Sharpe ratio stands at -0.2517, ranking 690 out of 875 comparable funds [10]. - The maximum drawdown over the past three years was 20.64%, with the largest single-quarter drawdown occurring in Q1 2021 at 19.19% [12].