Group 1 - The Guozheng Free Cash Flow Index decreased by 0.08% as of July 22, 2025, with mixed performance among constituent stocks, including Dongfang Electric and Zhejiang Construction Investment hitting the upper limit, while Shanghai Steel Union and others led the decline [1][3] - The Free Cash Flow ETF (159201) fell by 0.19%, with the latest price at 1.06 yuan, and it recorded a turnover rate of 2.85% with a transaction volume of 112 million yuan [1] - Over the past nine days, the Free Cash Flow ETF has seen continuous net inflows, with a maximum single-day net inflow of 94.76 million yuan, totaling 232 million yuan, averaging 25.79 million yuan in daily net inflow [1] Group 2 - 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, Midea Group, and Gree Electric [3] - The latest financing buy-in amount for the Free Cash Flow ETF reached 6.89 million yuan, with a financing balance of 26.45 million yuan [3] Group 3 - The top ten stocks by weight in the Free Cash Flow ETF include SAIC Motor (10.18%), Midea Group (9.28%), and Gree Electric (7.56%), with varying performance in terms of price changes [5]

Group 1 - The Guozheng Free Cash Flow Index increased by 0.97%, with constituent stocks such as Guodian Nanzi and Weichai Heavy Industry hitting the daily limit of 10% [3] - The Free Cash Flow ETF (159201) also rose by 0.97%, marking its third consecutive increase, with the latest price at 1.04 yuan [3] - The Free Cash Flow ETF recorded a turnover of 7.23% during the trading session, with a transaction volume of 263 million yuan [3] Group 2 - 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 [4] - 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 three months is 0.094%, indicating the highest tracking accuracy among comparable funds [3]

Core Insights - The National Index of Free Cash Flow (980092) has shown a strong increase of 1.02% as of June 24, 2025, with notable gains in constituent stocks such as Sumida (7.16%), Ousheng Electric (6.03%), and Weichai Heavy Machinery (4.96%) [1] - The Free Cash Flow ETF (159201) has achieved a three-day consecutive increase, closing at 1 yuan, with a trading volume of 2.94 billion yuan and a turnover rate of 7.87% [1] - The Free Cash Flow ETF has seen significant growth in scale, with an increase of 13.67 million yuan over the past week, leading comparable funds [1] - The ETF's net inflow of funds reached 4.63 million yuan over the last five trading days, indicating strong investor interest [1] Liquidity and Leverage - Leveraged funds continue to invest, with the latest financing buy amounting to 2.48 million yuan and a financing balance of 22.81 million yuan for the Free Cash Flow ETF [3] - The ETF has the highest tracking accuracy among comparable funds, with a tracking error of only 0.150% year-to-date [3] Valuation Metrics - The Free Cash Flow ETF tracks the National Index of Free Cash Flow, which has a current price-to-earnings ratio (PE-TTM) of 11.71, placing it in the 16.3% percentile over the past year, indicating it is undervalued compared to 83.7% of the time historically [3] Fund Management - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market, maximizing benefits for investors [4] Stock Performance - Notable stock performances include Midea Group with a gain of 1.51% and Weichai Power with a gain of 2.03%, while China National Offshore Oil Corporation saw a decline of 2.21% [6]

Core Insights - The Guozheng Free Cash Flow Index (980092) has increased by 0.43%, with constituent stocks such as Baoshui Technology hitting the daily limit, and others like Zhenhua Heavy Industries and Qianyuan Power also rising [1][4] - The Free Cash Flow ETF (159201) has seen a price increase of 0.42%, currently priced at 0.95 yuan, and has achieved a cumulative increase of 0.32% over the past week, ranking first among comparable funds [1][4] - The Free Cash Flow ETF has experienced a significant increase in trading volume, with a turnover rate of 6.18% and a transaction value of 206 million yuan, leading in average daily trading volume over the past month at 389 million yuan [1][4] Liquidity and Fund Performance - Leveraged funds have been actively investing, with the Free Cash Flow ETF receiving net purchases for four consecutive days, peaking at a net buy of 3.51 million yuan in a single day [4] - The tracking error of the Free Cash Flow ETF is 0.185%, the lowest among comparable funds, indicating high tracking precision [4] - The latest price-to-earnings ratio (PE-TTM) of the index tracked by the Free Cash Flow ETF is 11.61 times, placing it in the 11.6% percentile over the past year, suggesting it is undervalued compared to 88.4% of the time in the last year [4] Sector Focus and Fee Structure - The Free Cash Flow ETF focuses on industry leaders with abundant free cash flow, covering sectors such as oil and petrochemicals, home appliances, and automobiles, which helps mitigate risks associated with single industry volatility [4] - The fund management fee is 0.15% annually, and the custody fee is 0.05% annually, both of which are among the lowest in the market [4] - The Free Cash Flow ETF has seen a significant increase in shares, with a growth of 32.2 million shares over the past two weeks, ranking third among comparable funds [5]

截至2025年4月14日10:34，国证自由现金流指数(980092)强势上涨1.22%，成分股天虹股份、齐心集团涨停，一汽富维、亚太股份、潍柴重机、等个股跟 涨。自由现金流ETF(159201)跟随指数涨势。流动性方面，自由现金流ETF盘中换手4.59%，成交1.54亿元。拉长时间看，截至4月11日，自由现金流ETF近1 周日均成交4.23亿元。 资金流入方面，自由现金流ETF最新资金净流入3560.91万元。拉长时间看，近5个交易日内有4日资金净流入，合计"吸金"3.30亿元，日均净流入达6604.47万 元。份额方面，自由现金流ETF最新份额达35.71亿份，创成立以来新高。规模方面，自由现金流ETF最新规模达33.48亿元，创成立以来新高。 自由现金流ETF(159201)，场外联接(华夏国证自由现金流ETF发起式联接A：023917；华夏国证自由现金流ETF发起式联接C：023918)。 自由现金流ETF（159201）紧密跟踪国证自由现金流指数，国证自由现金流指数反映沪深北交易所自由现金流水平较高且稳定性较好的上市公司证券价格变 化情况。数据显示，截至2025年3月31日，国证自由现金流指数前十大 ...