截至2025年10月10日10:31，国证自由现金流指数上涨0.7%，成分股联发股份、白银有色涨停，国电南 自、秦安股份、星湖科技等跟涨。自由现金流ETF(159201)上涨0.78%， 冲击3连涨流动性方面，自由现 金流ETF盘中换手3.09%，成交1.4亿元。拉长时间看，截至10月9日，自由现金流ETF近1周日均成交 3.82亿元，居可比基金第一。 数据显示，杠杆资金持续布局中。自由现金流ETF前一交易日融资净买额达631.11万元，最新融资余额 达3719.87万元。 截至10月9日，自由现金流ETF近6月净值上涨25.65%，排名可比基金第一。从收益能力看，截至2025年 10月9日，自由现金流ETF自成立以来，最高单月回报为7%，最长连涨月数为5个月，最长连涨涨幅为 18.05%，涨跌月数比为6/1，上涨月份平均收益率为3.08%，月盈利百分比为85.71%，月盈利概率为 80.15%，历史持有6个月盈利概率为100%。截至2025年10月9日，自由现金流ETF近6个月超越基准年化 收益为8.88%。 费率方面，自由现金流ETF管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 跟踪 ...

Core Viewpoint - The Free Cash Flow ETF has shown strong performance with significant inflows and high returns, indicating a favorable investment environment for companies with robust free cash flow [3][4]. Group 1: Performance Metrics - As of September 8, 2025, the National Index of Free Cash Flow increased by 0.48%, with leading stocks including Mould Technology, Ningbo Huaxiang, and Oriental Tower [3]. - The Free Cash Flow ETF (159201) rose by 0.36%, with a latest price of 1.12 yuan [3]. - Over the past month, the Free Cash Flow ETF has achieved an average daily trading volume of 350 million yuan, ranking first among comparable funds [3]. - In the last 15 days, the ETF attracted a total net inflow of 726 million yuan, reaching a new high in total shares at 4.112 billion and total size at 4.584 billion yuan [3]. Group 2: Financial Metrics - The latest financing buy-in amount for the Free Cash Flow ETF reached 7.1087 million yuan, with a financing balance of 48.055 million yuan [3]. - Since its inception, the ETF has recorded a maximum monthly return of 7%, with the longest consecutive months of increase being 4, and the highest cumulative increase of 16.68% [3]. - The ETF has a historical holding period profit probability of 100% over 6 months, with an average monthly return of 3.46% and a monthly profit percentage of 83.33% [3]. Group 3: Fee Structure and Tracking Accuracy - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [4]. - As of September 5, 2025, the ETF's tracking error over the past month was 0.066%, indicating the highest tracking accuracy among similar funds [4]. - The National Index of Free Cash Flow reflects the price changes of listed companies with high and stable free cash flow levels in the Shanghai and Shenzhen stock exchanges [4]. Group 4: Top Holdings - The top ten weighted stocks in the National Index of Free Cash Flow account for 57.95% of the index, including SAIC Motor, China National Offshore Oil, and Midea Group [4].

Core Viewpoint - The Free Cash Flow ETF has shown strong performance with significant inflows and high returns, indicating a favorable investment environment for companies with robust free cash flow [3][4]. Group 1: ETF Performance - As of September 1, 2025, the Free Cash Flow ETF has achieved a 0.36% increase, with notable stocks like Jiejia Weichuang and Midea Group also rising [3]. - The ETF has seen a total inflow of 619 million yuan over the past 11 days, with a peak single-day inflow of 144 million yuan [3]. - The latest share count for the ETF reached 4.015 billion, with a total asset size of 4.518 billion yuan, both marking new highs since inception [3]. Group 2: Fund Management and Fees - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [4]. - The tracking error for the ETF over the past two months is 0.068%, indicating the highest tracking precision among similar funds [4]. Group 3: Index Composition - The National Index of Free Cash Flow reflects the price changes of listed companies with high and stable free cash flow levels [4]. - As of August 29, 2025, the top ten weighted stocks in the index include SAIC Motor, China National Offshore Oil, and Midea Group, collectively accounting for 57.95% of the index [4].

Core Viewpoint - The National Index of Free Cash Flow has shown an upward trend, with significant gains in constituent stocks such as Silver Nonferrous, Jiejia Weichuang, and others, indicating a positive market sentiment towards free cash flow ETFs [1][3]. Group 1: Market Performance - As of September 1, 2025, the National Index of Free Cash Flow increased by 0.40%, with leading stocks including Silver Nonferrous and Jiejia Weichuang [1]. - The Free Cash Flow ETF (159201) has followed the index with a slight upward movement, reflecting strong market interest [1]. - The Free Cash Flow ETF has seen a daily average trading volume of 393 million yuan over the past week, ranking first among comparable funds [1]. Group 2: Fund Inflows and Size - Over the past ten days, the Free Cash Flow ETF has experienced continuous net inflows totaling 618 million yuan, indicating strong investor interest [1]. - The latest share count for the Free Cash Flow ETF reached 4.014 billion, marking a new high since its inception [1]. - The total size of the Free Cash Flow ETF is now 4.478 billion yuan, leading its category [1]. Group 3: Leverage and Returns - The latest financing buy-in amount for the Free Cash Flow ETF reached 12.2954 million yuan, with a financing balance of 44.7191 million yuan [3]. - Since its inception, the Free Cash Flow ETF has achieved a maximum monthly return of 7.00%, with the longest consecutive monthly gains spanning four months and a total increase of 16.68% [3]. - The ETF has a historical six-month profit probability of 100.00%, showcasing its strong performance track record [3]. Group 4: Fees and Tracking Accuracy - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [3]. - As of August 29, 2025, the tracking error for the Free Cash Flow ETF over the past month was 0.068%, indicating the highest tracking precision among its peers [3]. Group 5: Top Holdings - As of August 29, 2025, the top ten weighted stocks in the National Index of Free Cash Flow include SAIC Motor, China National Offshore Oil, and Midea Group, collectively accounting for 57.95% of the index [3].

Core Insights - The National Index of Free Cash Flow has shown a slight increase of 0.04%, with notable gains in stocks such as Zhengtai Electric and Huayu Automotive [3] - The Free Cash Flow ETF (159201) experienced a decline of 0.36%, currently priced at 1.11 yuan, with a trading volume of 1.43 billion yuan [3] - Over the past week, the Free Cash Flow ETF has maintained an average daily trading volume of 3.88 billion yuan, ranking first among comparable funds [3] Fund Performance - The Free Cash Flow ETF has seen continuous net inflows over the past eight days, with a peak single-day net inflow of 144 million yuan, totaling 600 million yuan in net inflows [3] - The latest share count for the Free Cash Flow ETF reached 3.998 billion shares, with a total fund size of 4.436 billion yuan, both hitting record highs since inception [3] - The leverage funds have been actively investing, with a net purchase amount of 8.1195 million yuan on the previous trading day and a current financing balance of 57.2078 million yuan [3] Historical Returns - Since its inception, the Free Cash Flow ETF has recorded a maximum monthly return of 3.62%, with the longest streak of monthly gains being three months and a maximum gain of 9.05% [3] - The ETF has a monthly profit percentage of 80.00%, with an average monthly return of 2.58% and a historical six-month holding profit probability of 100.00% [3] Fee Structure and Tracking Accuracy - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [4] - As of August 27, 2025, the tracking error for the Free Cash Flow ETF over the past month is 0.039%, indicating the highest tracking accuracy among comparable funds [4] Index Composition - The National Index of Free Cash Flow reflects the price changes of listed companies with high and stable free cash flow levels, with the top ten weighted stocks accounting for 57.66% of the index [4] - The top ten stocks in the index include SAIC Motor, China National Offshore Oil, Midea Group, Gree Electric Appliances, and others, with SAIC Motor holding the highest weight at 10.18% [6]

Group 1 - The core viewpoint of the articles indicates that the National Index of Free Cash Flow has experienced a decline of 0.85%, with mixed performance among constituent stocks, highlighting leaders and laggards in the market [1][3] - The Free Cash Flow ETF (159201) has seen a decrease of 0.70%, with a latest price of 1.13 yuan, but has shown a cumulative increase of 4.42% over the past week, ranking first among comparable funds [1][3] - The Free Cash Flow ETF has recorded a turnover rate of 6.81% and a trading volume of 302 million yuan, with an average daily trading volume of 367 million yuan over the past week, also ranking first among comparable funds [1][3] Group 2 - The Free Cash Flow ETF has attracted a net inflow of 496 million yuan over the past seven days, reaching a total share count of 3.906 billion and a total scale of 4.434 billion yuan, both of which are new highs since its inception [1][3] - Leverage funds are increasingly positioning themselves in the market, with the Free Cash Flow ETF recording a net financing amount of 7.0151 million yuan on the previous trading day and a latest financing balance of 49.0883 million yuan [3] - The chief strategist at Changjiang Securities believes that Chinese assets are undergoing a revaluation trend, with the A-share market expected to maintain a positive outlook due to relatively abundant micro liquidity [3] Group 3 - The Free Cash Flow ETF closely tracks the National Index of Free Cash Flow, selecting stocks with positive and high free cash flow after liquidity, industry, and ROE stability screening, indicating high quality and strong risk resistance [3] - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are the lowest in the market, maximizing benefits for investors [3] - The performance of individual stocks within the ETF shows a range of fluctuations, with notable declines in companies like SAIC Motor (-2.04%) and China Aluminum (-1.71%), while others like Zhengtai Electric have shown slight gains [5]

Core Insights - The Guozheng Free Cash Flow Index has increased by 0.05%, with leading stocks including Anfu Technology, Xuefeng Technology, Huashu Media, Mould Technology, and Nanjing Xinbai [3] - The Free Cash Flow ETF (159201) has shown a 2.79% increase over the past week, ranking first among comparable funds [3] - The Free Cash Flow ETF has seen a net inflow of 239 million yuan over the last four days, with a total share increase of 21.8 million shares, also ranking first among comparable funds [3] Performance Metrics - As of August 21, the Free Cash Flow ETF has achieved a net value increase of 10.40% over the past six months [4] - The ETF's highest single-month return since inception is 3.62%, with a maximum consecutive monthly gain of 9.05% [4] - The ETF has a historical six-month profit probability of 100% and an average monthly return of 2.58% [4] Tracking and Holdings - The tracking error of the Free Cash Flow ETF over the past month is 0.039%, the highest precision among comparable funds [4] - As of July 31, the top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [4][6]

Group 1 - The National Index of Free Cash Flow increased by 0.02%, with leading stocks including Chuncheng Power, Ningbo Huaxiang, China Power, Haohua Energy, and China Coal Energy [1] - The Free Cash Flow ETF (159201) rose by 0.28%, marking its fourth consecutive increase, with the latest price at 1.06 yuan [1] - Over the past month, the Free Cash Flow ETF has accumulated a rise of 3.41% [1] Group 2 - The Free Cash Flow ETF recorded a turnover rate of 3.47% during the trading session, with a transaction volume of 140 million yuan [1] - The average daily transaction volume of the Free Cash Flow ETF over the past week reached 328 million yuan, ranking first among comparable funds [1] - In the last five trading days, the Free Cash Flow ETF attracted a total inflow of 69.42 million yuan [1] Group 3 - The latest financing buy-in amount for the Free Cash Flow ETF reached 10.16 million yuan, with a financing balance of 37.71 million yuan [3] - The management fee rate for the Free Cash Flow ETF is 0.15%, and the custody fee rate is 0.05%, making it the lowest among comparable funds [3] - As of August 5, 2025, the tracking error of the Free Cash Flow ETF over the past month was 0.070%, indicating the highest tracking precision among comparable funds [3] Group 4 - As of July 31, 2025, the top ten weighted stocks in the National Index of Free Cash Flow accounted for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, Gree Electric Appliances, and others [3] - The weightings of the top ten stocks are as follows: SAIC Motor (10.18%), China National Offshore Oil (9.81%), Midea Group (9.28%), Gree Electric Appliances (7.56%), and others [5]

Core Insights - The Guozheng Free Cash Flow Index increased by 0.50% as of July 24, 2025, with notable gains in constituent stocks such as Nanjing Xinbai and Luoyang Molybdenum [1] - The Free Cash Flow ETF (159201) rose by 0.56%, with a latest price of 1.07 yuan, and recorded a turnover rate of 4.37% and a transaction volume of 174 million yuan [1] - Over the past five trading days, the Free Cash Flow ETF attracted a total inflow of 194 million yuan, indicating significant growth in scale [1] Fund Performance - The Free Cash Flow ETF has a net financing amount of 1.1564 million yuan this month, with a latest financing balance of 42.6059 million yuan [3] - The management fee rate for the Free Cash Flow ETF is 0.15%, and the custody fee rate is 0.05%, both of which are the lowest among comparable funds [3] - As of June 30, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index accounted for 57.97% of the index, including SAIC Motor, China National Offshore Oil, and Midea Group [3] Stock Performance - The performance of key stocks within the Free Cash Flow ETF includes slight declines for SAIC Motor (-0.11%), Midea Group (-0.04%), and Gree Electric Appliances (-0.89%), while Luoyang Molybdenum saw an increase of 3.78% [5] - The top ten stocks by weight in the Free Cash Flow ETF include significant players such as SAIC Motor, Midea Group, and Gree Electric Appliances, reflecting their importance in the index [5]

Core Insights - The Guozheng Free Cash Flow Index has increased by 0.17%, with leading stocks including Zhao Xun Media, Lai Bao High-Tech, and others [1] - The Free Cash Flow ETF (159201) has risen by 0.20%, with a trading volume of 117 million yuan and a turnover rate of 3.42% [1] - Over the past 10 trading days, the Free Cash Flow ETF has seen net inflows on 6 days, totaling 62.7063 million yuan [1] - The Free Cash Flow ETF has experienced a significant growth of 146 million yuan in the past two weeks, ranking first among comparable funds [1] Fund Performance - The latest financing buy-in amount for the Free Cash Flow ETF is 1.3976 million yuan, with a financing balance of 51.9455 million yuan [3] - The ETF has a Sharpe ratio of 1.09 over the past month, ranking it in the top third among comparable funds, indicating the highest return for the same level of risk [3] - The tracking error for the ETF over the past month is 0.007%, making it the most precise tracker among comparable funds [3] Index Composition - The Guozheng Free Cash Flow Index reflects the price changes of listed companies with high and stable free cash flow levels in the Shanghai and Shenzhen stock exchanges [3] - As of April 30, 2025, the top ten weighted stocks in the index account for 56.66% of the total, including Midea Group, China National Offshore Oil, and others [3]