Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a slight decline of 0.30% in its closing price on January 14, with a trading volume of 28.31 million yuan [1]. Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return (adjusted for valuation exchange rates) [1]. Group 2: Fund Size and Performance - As of January 13, 2025, the fund had a total of 351 million shares and a total size of 354 million yuan, showing a 0.85% decrease in shares and a 0.91% increase in size since December 31, 2025 [1]. - Over the last 20 trading days, the fund's cumulative trading amount reached 577 million yuan, with an average daily trading amount of 28.83 million yuan [1]. Group 3: Fund Management and Holdings - The current fund manager is He Yuxuan, who has managed the fund since its inception, achieving a return of 0.12% during the management period [2]. - Major holdings in the fund include China COSCO Shipping, Orient Overseas International, China Foreign Transport, China National Petroleum, CITIC Bank, China National Offshore Oil, China Shenhua Energy, China People's Insurance Group, China Unicom, and Agricultural Bank of China, with respective holding percentages [2].

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a slight decline of 0.60% in its closing price on January 8, 2025, with a trading volume of 39.06 million yuan [1]. Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of January 7, 2025, the fund's total shares stood at 355 million, with a total size of 355 million yuan, reflecting a 0.28% increase in shares and a 1.38% increase in size since December 31, 2025 [1]. Group 2: Liquidity and Performance - Over the past 20 trading days leading up to January 8, 2025, the cumulative trading amount for the ETF was 551 million yuan, with an average daily trading amount of approximately 27.56 million yuan [1]. - The current fund manager, He Yuxuan, has managed the fund since its inception, with a performance return of -0.81% during the management period [1]. Group 3: Top Holdings - The ETF's top holdings include COSCO Shipping Holdings (0.85%), Orient Overseas International (0.40%), China National Foreign Trade Transportation Group (0.33%), and China Petroleum & Chemical Corporation (0.32%) among others, with respective market values and share counts detailed [2].

Core Insights - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed up 0.41% on January 5, with a trading volume of 42.81 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of December 31, the fund's latest share count was 354 million shares, with a total size of 350 million yuan, indicating no change in share count or size year-to-date [1] Fund Performance - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -0.81% during the management period [2] - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, China National Foreign Trade Transportation Group, PetroChina, CITIC Bank, CNOOC, China Shenhua Energy, People's Insurance Company of China, China Unicom, and Agricultural Bank of China, with respective holding percentages [2] Liquidity and Trading Activity - Over the last 20 trading days, the cumulative trading amount for the fund was 531 million yuan, with an average daily trading amount of 26.56 million yuan [1]

Group 1 - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed at a 0.40% increase with a trading volume of 34.08 million yuan on December 23 [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of December 22, the fund's latest share count was 341 million shares, with a total size of 340 million yuan [1] Group 2 - The fund's recent trading activity shows a cumulative trading amount of 615 million yuan over the last 20 trading days, with an average daily trading amount of 30.75 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -0.22% during the management period [1] Group 3 - The top holdings of the fund include COSCO Shipping Holdings, Orient Overseas International, China National Foreign Trade Transportation Group, PetroChina, CITIC Bank, CNOOC, China Shenhua Energy, People's Insurance Company of China, China Unicom, and Agricultural Bank of China, with respective holding percentages [2] - The largest holding is COSCO Shipping Holdings at 0.85%, followed by Orient Overseas International at 0.40% and China National Foreign Trade Transportation Group at 0.33% [2]

Core Points - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed down 1.75% on December 9, with a trading volume of 31.35 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of December 8, the fund's total shares were 307 million, with a total size of 315 million yuan [1] - Over the past 20 trading days, the fund's cumulative trading amount reached 793 million yuan, with an average daily trading amount of 39.65 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, achieving a return of 4.01% during the tenure [1] Holdings Summary - The top holdings of the Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) [2] - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) [2] - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) [2] - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) [2] - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2] - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) [2] - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) [2] - China People's Insurance Group (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) [2] - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) [2] - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a closing drop of 0.77% on December 8, with a trading volume of 34.4572 million yuan [1]. Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of December 5, the fund had a total of 304 million shares and a total size of 316 million yuan [1]. - The fund's performance benchmark is the adjusted return of the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index [1]. Group 2: Liquidity and Performance - Over the past 20 trading days, the fund's cumulative trading amount reached 799 million yuan, with an average daily trading amount of 39.9361 million yuan [1]. - The current fund manager, He Yuxuan, has managed the fund since its inception, achieving a return of 4.01% during the management period [1]. Group 3: Top Holdings - The fund's top holdings include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2]. - Other significant holdings include China National Offshore Oil (0.29%), China Shenhua Energy (0.29%), China People's Insurance Group (0.29%), China Unicom (0.28%), and Agricultural Bank of China (0.27%) [2].

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced significant net redemptions, indicating a trend of outflow in the cross-border ETF market [1][2] Group 1: Fund Performance - On November 25, the ETF faced net redemptions of 1.0306 million yuan, ranking 21st out of 198 in terms of net outflows for the day [1] - Over the past five days, the ETF saw net redemptions totaling 2.0716 million yuan, ranking 24th out of 198 [1] - In the last ten days, net redemptions reached 5.2151 million yuan, placing it 44th out of 198 [1] - For the past twenty days, the total net redemptions amounted to 30.4726 million yuan, ranking 21st out of 198 [1] Group 2: Fund Details - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on July 23, 2025, with a management fee of 0.50% and a custody fee of 0.10% [1] - As of November 25, the fund's latest size was 725 million yuan, with a total of 704 million shares outstanding [1][2] Group 3: Liquidity and Trading Activity - The ETF recorded a cumulative trading volume of 536 million yuan over the last 20 trading days, with an average daily trading amount of 26.7912 million yuan [2] - The current fund managers are Liu Tingyu and Cai Leping, with respective returns of 2.99% and 0.16% since their management began [2] Group 4: Top Holdings - The ETF's top holdings include China COSCO Shipping, China Nonferrous Metal Mining, China National Offshore Oil, and others, with respective holding percentages and market values detailed [2] - The largest holding is China COSCO Shipping at 6.08%, valued at approximately 46.8395 million yuan [2]

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a slight decline of 0.10% in its closing price on November 24, with a trading volume of 42.6078 million yuan [1]. Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of November 21, the fund had a total of 267 million shares and a total size of 272 million yuan [1]. - The fund's performance benchmark is the adjusted return of the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index [1]. Group 2: Liquidity and Performance - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 1.006 billion yuan, with an average daily trading amount of 50.3229 million yuan [1]. - The current fund manager, He Yuxuan, has managed the fund since its inception, achieving a return of 1.74% during the management period [1]. Group 3: Top Holdings - The ETF's top holdings include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) - China Pacific Insurance (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2].

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a decline of 1.12% in its closing price on November 14, with a trading volume of 38.04 million yuan [1]. Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of November 13, the fund had a total of 213 million shares and a total size of 229 million yuan [1]. - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index, adjusted for valuation exchange rates [1]. Group 2: Liquidity and Performance - Over the past 20 trading days, the fund has accumulated a total trading amount of 1.069 billion yuan, with an average daily trading amount of 53.45 million yuan [1]. - The current fund manager, He Yuxuan, has managed the fund since its inception, achieving a return of 7.34% during the management period [1]. Group 3: Top Holdings - The top holdings of the fund include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) [2] - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) [2] - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) [2] - China Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) [2] - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2] - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) [2] - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) [2] - China Pacific Insurance (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) [2] - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) [2] - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2].

Core Points - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed at a 0.00% change on November 5, with a trading volume of 66.32 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of November 4, the fund's total shares stood at 225 million, with a total size of 231 million yuan [1] - Over the past 20 trading days, the fund's cumulative trading amount reached 1.192 billion yuan, with an average daily trading amount of 59.60 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, achieving a return of 2.46% during the tenure [1] Holdings Summary - The top holdings of the Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) [2] - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) [2] - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) [2] - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) [2] - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2] - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) [2] - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) [2] - China People's Insurance Group (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) [2] - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) [2] - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]