Core Viewpoint - The report provides an overview of the performance and investment strategy of the Bosera ESG Quantitative Stock Selection Mixed Securities Investment Fund for the second quarter of 2025, highlighting its focus on ESG themes and quantitative investment strategies to achieve long-term asset appreciation while managing risks [1][2][3]. Fund Overview - Fund Name: Bosera ESG Quantitative Stock Selection Mixed Fund [3] - Fund Manager: Bosera Fund Management Co., Ltd. [3] - Fund Custodian: Standard Chartered Bank (China) Co., Ltd. [3] - Total Fund Shares at Reporting Period End: 489,693,664.75 shares [3] - Investment Objective: To achieve investment returns that exceed the performance benchmark while seeking long-term asset appreciation [3]. Investment Strategy - The fund employs a quantitative model to select ESG-themed securities while strictly controlling risks [3]. - The investment strategy includes asset allocation, stock investment, bond investment, asset-backed securities investment, derivatives investment, and participation in financing business [3]. - The fund aims to dynamically adjust asset allocation ratios based on macroeconomic cycle research to avoid systemic risks [3]. Performance Metrics - Performance Benchmark: 75% of the CSI 800 ESG Index return + 5% of the CSI Hong Kong Stock Connect Comprehensive Index (RMB) return + 20% of the China Bond Composite Wealth Index return [3]. - The fund's risk-return characteristics are higher than bond funds and money market funds but lower than equity funds [3]. Financial Indicators - A Class Fund Net Value as of June 30, 2025: 1.3447 RMB, with a net value growth rate of 43.04% over the past year [11]. - C Class Fund Net Value as of June 30, 2025: 1.3276 RMB, with a net value growth rate of 42.29% over the past year [11]. Investment Portfolio - Total Assets in Stocks: 614,998,467.51 RMB, accounting for 93.35% of total fund assets [12]. - Investment in Hong Kong Stocks via Stock Connect: 273,101,724.86 RMB, representing 41.72% of net asset value [12]. - The fund's top sectors include manufacturing (37.07%), information technology (13.40%), and finance (10.22%) [12][13]. Market Environment - The report notes increased volatility in the stock market, with small-cap stocks outperforming large-cap stocks during the reporting period [10]. - The CSI 300 Index rose by 1.25%, while the CSI 500 and CSI 1000 increased by 0.98% and 2.08%, respectively [10]. - The fund's strategy includes a differentiated selection approach for A-share and Hong Kong markets, focusing on risk control and long-term effective factors [11].