Group 1 - The core viewpoint of the articles highlights the increased distribution of "red envelopes" or cash dividends by public funds, particularly by Jiashi Fund, to enhance investor experience and satisfaction [1][3] - Jiashi Fund announced a total of 11 products for profit distribution, with 10 of them having three or more dividends per year, showcasing the diversity, sustainability, and stability of their products [1] - The Jiashi Ultra Short Bond Fund, the first short bond fund in China, is among the products set for distribution, having achieved a total of 195 dividend distributions since its inception [1] Group 2 - The A500 ETF Jiashi (159351) has announced a quarterly dividend of 0.0750 yuan per 10 fund shares, marking its fourth cumulative dividend since inception [2] - The cash flow ETF Jiashi (159221) will distribute its first dividend of 0.1750 yuan per 10 fund shares, following its quarterly dividend mechanism [2] - Jiashi Theme Selection Mixed Fund (070010) leads in total dividend amount among Jiashi Fund products, with nearly 30 distributions and over 11.1 billion yuan in total dividends since its establishment [2] Group 3 - The trend of increasing stability, sustainability, and predictability of dividends from listed companies is being mirrored in public funds, driven by regulatory improvements in dividend mechanisms [3] - Public funds are actively enhancing their "investor return" orientation, transitioning towards high-quality development, with a continuous increase in total dividend amounts and frequencies benefiting investors [3]

Core Viewpoint - A significant wave of fund distributions has occurred, with over 1,900 funds distributing more than 130 billion yuan in total this year, indicating a trend of sharing investment returns with investors during market fluctuations [1][3]. Fund Distribution Overview - As of June 22, 2023, 82 public funds announced distribution plans, with a total of 1,941 funds having made 2,761 distributions this year, amounting to 131.46 billion yuan [1]. - The number of funds distributing over 10 billion yuan has reached 17, with 41 funds distributing more than 5 billion yuan [2]. Notable Fund Performances - The top three funds by total distribution amount are: - Guangfa Small Cap Growth A: 3.096 billion yuan -招商中证白酒 A: 2.890 billion yuan -易方达价值精选: 2.793 billion yuan [2]. - Guangfa Small Cap Growth A's distribution this year has increased by over 190% compared to last year's total of 1.066 billion yuan [2]. Distribution Frequency - Some funds have shown a high frequency of distributions, with 25 funds distributing more than five times this year, and the highest being Baoying Core Advantage A and C classes, which distributed 10 times [1]. - 易方达价值精选 has distributed four times this year, maintaining a stable distribution pattern over the past two years [2][3]. Market Context and Strategy - Industry experts suggest that fund distributions aim to maximize investor benefits, especially in volatile markets, by sharing investment results and boosting investor confidence [3]. - Large funds may use substantial distributions to reduce management scale and mitigate holding risks, while also alleviating pressure from concentrated redemptions [3].

Core Viewpoint - The public fund industry continues to show strong dividend distribution activity, with multiple funds from Harvest Fund announcing collective dividends, enhancing investor experience and satisfaction [1][2][3] Fund Distribution - Harvest Fund announced dividends for 14 products, including bond funds, active equity funds, ETFs, and REITs, with bond funds being the primary contributors [1] - The Harvest Ultra-Short Bond Fund has achieved a total of 193 dividend distributions since its inception in April 2006, with cumulative dividends amounting to nearly 3.4 billion yuan [1] - The A500 ETF, launched in October 2024, has seen significant trading activity with a cumulative transaction amount exceeding 380 billion yuan and an average daily transaction amount over 2 billion yuan [1] Active Equity Funds - The Harvest Theme Selection Mixed Fund has distributed dividends totaling over 11 billion yuan, marking its second distribution in 2025 after a previous one in April [2] - The fund has a total of 27 dividend distributions since its establishment in July 2006, reflecting the stability and sustainability of Harvest's dividend strategy [2] REITs - The Harvest JD Warehouse Infrastructure REIT has announced its first dividend for 2025, with a total of 6 distributions since its inception, amounting to over 150 million yuan [2] Overall Dividend Performance - Since its establishment, Harvest Fund has prioritized investor satisfaction, with a total of 1,444 dividend distributions and cumulative dividends of 106.68 billion yuan by the end of 2024 [3] - As of July 10, 2025, the total dividends distributed by Harvest Fund this year reached 5.397 billion yuan [3]

Group 1 - The core viewpoint is that public funds are transitioning from a focus on scale to prioritizing investor returns, with a significant increase in dividend distributions to enhance investor experience [1][2][3] - As of May 15, 2025, the total dividends distributed by public funds in the year exceeded 87 billion yuan, surpassing approximately 60 billion yuan in the same period last year [1] - The trend of increasing dividends is not limited to traditional bond funds; index funds are also showing a growing trend in dividend payouts [1][2] Group 2 - Jiashi Fund has announced multiple dividend distributions for its products, including the Jiashi Ultra Short Bond Fund and Jiashi CSI A500 ETF Linked Fund, with specific dividend amounts set for different classes of shares [1][2] - The Jiashi CSI A500 ETF has a current circulation scale of nearly 15 billion yuan and has implemented a quarterly dividend mechanism to enhance investor experience [2] - Since the beginning of 2025, Jiashi Fund's products have cumulatively distributed dividends over 50 times, with a total amount reaching 4.638 billion yuan [3]