Core Insights - The Guozheng Free Cash Flow Index has decreased by 0.42% as of November 14, 2025, with mixed performance among constituent stocks [1] - The Free Cash Flow ETF (159201) has seen a decline of 0.49%, currently priced at 1.23 yuan [1] - Over the past week, the Free Cash Flow ETF has averaged daily trading volume of 4.84 billion yuan [1] Fund Performance - The Free Cash Flow ETF has experienced a net asset value increase of 25.14% over the past six months [2] - Since inception, the ETF's highest monthly return was 7%, with a maximum consecutive monthly gain of 22.69% [2] - The ETF has a historical six-month profit probability of 100% [2] Fee Structure - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, both at the lowest tier [3] Top Holdings - As of October 31, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index account for 54.79% of the index, including China National Offshore Oil Corporation, SAIC Motor, and Wuliangye [3]

Core Viewpoint - The National Index of Free Cash Flow has decreased by 0.25% as of October 31, 2025, with mixed performance among constituent stocks, highlighting potential investment opportunities in the ETF market [3]. Group 1: ETF Performance - The Free Cash Flow ETF (159201) has seen a 22.97% increase in net value over the past six months as of October 30, 2025 [4]. - The ETF achieved a maximum monthly return of 7% since its inception, with the longest streak of monthly gains being five months and a total increase of 18.05% [4]. - The ETF has a monthly profit percentage of 85.71% and a historical six-month holding profit probability of 100% [4]. - The maximum drawdown over the past six months is 3.65%, which is the smallest among comparable funds [4]. - The management fee for the ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest in its category [4]. - The tracking error over the past three months is 0.059%, indicating the highest tracking precision among comparable funds [4]. Group 2: Fund Flows and Liquidity - The Free Cash Flow ETF has experienced continuous net inflows over the past 13 days, totaling 637 million yuan [3]. - The ETF's latest share count reached 4.4 billion, marking a new high since its inception and ranking first among comparable funds [3]. - The total scale of the ETF has reached 5.196 billion yuan, also a new high since inception [3]. - The ETF recorded a turnover rate of 6.07% during the trading session, with a transaction volume of 315 million yuan [3]. Group 3: Top Holdings - As of September 30, 2025, the top ten weighted stocks in the National Index of Free Cash Flow include China National Offshore Oil Corporation, SAIC Motor, Wuliangye Yibin, Gree Electric Appliances, and others, collectively accounting for 54.91% of the index [5].

Core Insights - The Guozheng Free Cash Flow Index has decreased by 0.84% as of October 28, 2025, with mixed performance among constituent stocks [1] - The Free Cash Flow ETF (159201) has seen a recent decline of 0.85%, currently priced at 1.17 yuan, but has increased by 3.69% over the past week, ranking first among comparable funds [1] - The Free Cash Flow ETF has achieved record highs in both share count (42.22 billion shares) and total assets (4.975 billion yuan) [1] Performance Metrics - The Free Cash Flow ETF has experienced a net inflow of 428 million yuan over the past 10 days, indicating strong investor interest [1] - Over the last six months, the net asset value of the Free Cash Flow ETF has risen by 22.50%, with a maximum monthly return of 7% and a historical six-month holding profitability rate of 100% [2] - The ETF's maximum drawdown in the last six months was 3.65%, the smallest among comparable funds, with a recovery time of 35 days [2] Fund Characteristics - 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 [2] - The tracking error for the ETF over the past three months is 0.061%, indicating the highest tracking precision among similar funds [2] Top Holdings - As of September 30, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index account for 54.91% of the index, including China National Offshore Oil Corporation, SAIC Motor, and Wuliangye [3]

Core Insights - The Guozheng Free Cash Flow Index increased by 0.41% as of October 20, 2025, with significant gains in constituent stocks such as Dayang Electric, Taiji Industry, and others [3] - The Free Cash Flow ETF (159201) rose by 0.18%, with a latest price of 1.14 yuan, and recorded a turnover rate of 1.96% with a transaction volume of 88.94 million yuan [3] - Over the past week, the Free Cash Flow ETF achieved an average daily transaction volume of 368 million yuan, ranking first among comparable funds [3] Fund Performance - As of October 17, 2025, the Free Cash Flow ETF's net value increased by 19.79% over the past six months [4] - The ETF's highest single-month return since inception was 7%, with the longest consecutive monthly gain being 5 months and a maximum increase of 18.05% [4] - The ETF's average monthly return was 3.08%, with an 85.71% monthly profit percentage and an 80.28% monthly profit probability [4] Risk and Recovery Metrics - The maximum drawdown for the Free Cash Flow ETF over the past six months was 3.65%, which is the smallest drawdown among comparable funds [4] - The recovery time after drawdown was 35 days, indicating the fastest recovery among comparable funds [4] Fee Structure - 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 [4] Tracking Accuracy - The tracking error of the Free Cash Flow ETF over the past three months was 0.061%, marking the highest tracking accuracy among comparable funds [4] Top Holdings - As of September 30, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index accounted for 54.91% of the index, including China National Offshore Oil Corporation, SAIC Motor, and others [5] - The top ten stocks by weight include SAIC Motor (10.18%), China National Offshore Oil Corporation (9.81%), and Midea Group (9.28%) [7]

Core Insights - The Guozheng Free Cash Flow Index has decreased by 0.76% as of October 16, 2025, with component stocks showing mixed performance, particularly in the silver and non-ferrous metals sectors, which led with gains exceeding 7% [1] - The Free Cash Flow ETF (159201) has seen a decline of 0.78%, currently priced at 1.15 yuan, but has increased by 2.84% over the past week, ranking first among comparable funds [1] - Leverage funds have been actively investing, with the Free Cash Flow ETF experiencing net purchases for five consecutive days, peaking at a net buy of 8.2295 million yuan, bringing the latest financing balance to 49.2439 million yuan [1] Performance Metrics - As of October 15, 2025, the Free Cash Flow ETF has achieved a net value increase of 21.98% over the past six months, with a maximum monthly return of 7% since inception [2] - The ETF has a historical monthly profit percentage of 85.71% and a 100% probability of profit over a six-month holding period [2] Risk and Fee Analysis - The maximum drawdown for the Free Cash Flow ETF over the past six months is 3.65%, with the smallest drawdown compared to similar funds [4] - The management fee for the ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [4] - The tracking error over the past three months is 0.049%, indicating the highest tracking precision among comparable funds [4] Index Composition - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 54.91% of the index, including companies like China National Offshore Oil Corporation, SAIC Motor, and Gree Electric Appliances [4]

Core Insights - The Guozheng Free Cash Flow Index has increased by 0.24%, with leading stocks including Ningbo Huaxiang, Wo Le Home, and others [1] - The Free Cash Flow ETF (159201) has risen by 0.27%, with a latest price of 1.11 yuan [1] - The ETF has seen significant liquidity, with a turnover of 4.08% and a transaction volume of 182 million yuan [1] - Over the past 23 trading days, there have been net inflows on 14 days, totaling 189 million yuan [1] - The ETF's share volume has increased by 35.6 million shares over the past three months [1] - The ETF has a management fee of 0.15% and a custody fee of 0.05%, the lowest among comparable funds [2] - The tracking error for the ETF over the past two months is 0.055%, the highest tracking precision among comparable funds [2] Performance Metrics - Since its inception, the ETF has achieved a maximum monthly return of 7% and a longest consecutive monthly gain of 4 months [1] - The longest cumulative gain has been 16.68%, with a monthly profit percentage of 83.33% and a monthly profit probability of 80.3% [1] - The ETF has outperformed its benchmark with an annualized return of 8.76% over the last three months [1] Top Holdings - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.95% of the index, including SAIC Motor, China National Offshore Oil, and Midea Group [2] - The weightings of the top stocks are as follows: SAIC Motor (10.18%), Midea Group (9.28%), and Gree Electric (7.56%) [4]

Group 1 - The core viewpoint of the news highlights the performance and liquidity of the National Index Free Cash Flow ETF, which has shown positive growth and significant trading activity in recent weeks [1][2]. - As of September 25, 2025, the National Index Free Cash Flow Index increased by 0.04%, with notable stock performances from companies like Luoyang Molybdenum, which rose over 7% [1]. - The Free Cash Flow ETF (159201) has seen a net inflow of funds on 10 out of the last 18 trading days, totaling 80.45 million yuan, indicating strong investor interest [1]. Group 2 - 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 [2]. - The top ten weighted stocks in the National Index Free Cash Flow Index account for 57.95% of the index, with significant contributions from companies like SAIC Motor, China National Offshore Oil, and Midea Group [2][4]. - The ETF has demonstrated a historical monthly return of up to 7% since its inception, with a 100% probability of profit over a six-month holding period [1].

Core Insights - The Guozheng Free Cash Flow Index increased by 0.15% as of September 16, 2025, with significant gains in constituent stocks such as Dongfang Tower (up 10.01%) and Shanghai Construction (up 9.93%) [1] - The Free Cash Flow ETF (159201) is experiencing a tight market with a latest price of 1.13 yuan, and has seen a net inflow of 13.49 million yuan recently [1] - The ETF has shown strong performance with a 6-month net value increase of 11.35% and a historical 100% profit probability for a 6-month holding period [1] Performance Metrics - The Free Cash Flow ETF has a management fee of 0.15% and a custody fee of 0.05%, which are the lowest among comparable funds [1] - The ETF's tracking error over the past two months is 0.056%, indicating the highest tracking precision among similar funds [2] - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.95% of the index, with SAIC Motor, China National Offshore Oil, and Midea Group being the top three [2] Stock Performance - The performance of key stocks in the index includes: - SAIC Motor: up 1.01% with a weight of 10.18% - Midea Group: down 0.49% with a weight of 9.28% - Gree Electric: down 0.39% with a weight of 7.56% [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 stable cash flow [1][3][4]. Group 1: ETF Performance - As of September 5, 2025, the National Index of Free Cash Flow increased by 0.1%, with constituent stocks like Anfu Technology rising by 7.79% [1]. - The Free Cash Flow ETF (159201) has seen an average daily trading volume of 349 million yuan over the past month, ranking first among comparable funds [1]. - In the last 14 days, the Free Cash Flow ETF has attracted a total net inflow of 725 million yuan, reaching a record high of 4.111 billion shares since its inception [1]. Group 2: Leverage and Returns - Leverage funds have been actively buying into the Free Cash Flow ETF, with a net purchase of 10.5771 million yuan on the highest single day, bringing the latest financing balance to 54.4918 million yuan [3]. - Since its inception, the Free Cash Flow ETF has achieved a maximum monthly return of 7%, with the longest consecutive monthly gains being 4 months and a maximum increase of 16.68% [3]. - The ETF has a historical monthly profit probability of 81.2% and a 100% probability of profit over a 6-month holding period [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 [3]. - The tracking error for the Free Cash Flow ETF over the past month is 0.066%, indicating the highest tracking precision among comparable funds [3]. Group 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 in the Shanghai and Shenzhen stock exchanges [4]. - As of August 29, 2025, the top ten weighted stocks in the index include SAIC Motor, China National Offshore Oil, Midea Group, and others, collectively accounting for 57.95% of the index [4][6].

Group 1 - The core index of free cash flow has increased by 0.03% as of August 26, 2025, with notable stocks such as Yaxiang Integration reaching the daily limit, and Jin Hong Group, Dongfang Iron Tower, Jie Jia Wei Chuang, and Yun Aluminum leading the gains [1] - The free cash flow ETF (159201) has shown a recent price of 1.14 yuan, with a weekly cumulative increase of 4.21% as of August 25, 2025, ranking first among comparable funds [1] - The trading volume of the free cash flow ETF reached 6.6% during the session, with a total transaction value of 289 million yuan, and an average daily transaction of 370 million yuan over the past week, also ranking first among comparable funds [1] Group 2 - The free cash flow ETF has experienced continuous net inflows over the past six days, with a maximum single-day net inflow of 144 million yuan, totaling 436 million yuan, and an average daily net inflow of 7.26 million yuan [1] - The latest share count of the free cash flow ETF has reached 3.853 billion shares, marking a new high since its inception and ranking first among comparable funds [1] - The total scale of the free cash flow ETF has reached 4.385 billion yuan, also a new high since its inception, and ranks first among comparable funds [1] Group 3 - The tracking error of the free cash flow ETF for the past month is 0.041%, the highest among comparable funds [2] - According to analysis from Citic Securities, the shift in overseas central bank attitudes and the ongoing increase in domestic liquidity suggest that the market outlook remains promising [2] - The current market sentiment indicates that the total transaction volume in the A-share market still has room to approach the 3.5 trillion yuan high, with the current rally being primarily driven by insurance and leveraged funds [2]