Group 1 - The core point of the article is the appointment of Chai Di Yi as the new fund manager for Anxin Hongying 18-Month Holding Mixed Fund (012252), effective from July 30, 2025, replacing the previous manager [1] - As of July 29, 2025, the net value of Anxin Hongying 18-Month Holding Mixed Fund is 1.0435, reflecting a daily increase of 0.19% and a yearly increase of 3.97% [1] - Chai Di Yi has a strong background in fixed income management, having previously served as a bond trader and researcher, and has managed several public funds with notable returns [1] Group 2 - The article provides a detailed table of funds managed by Chai Di Yi, including their codes, names, sizes in billions, tenure, and returns, highlighting her successful management track record [1] - Notable performance includes a 20.21% return for Anxin Jinli Enhanced Bond A since February 1, 2024, and a significant estimated return of 130.33% from trading Dongfang Caifu in the third quarter of 2024 [1]

Core Viewpoint - The report provides an overview of the performance and strategy of the Anxin Ju Li Enhanced Bond Fund for the second quarter of 2025, highlighting its investment objectives, strategies, and financial performance metrics. Fund Product Overview - The fund aims to achieve investment returns that exceed its benchmark through a robust investment strategy while strictly controlling credit risk [1]. - The fund employs a dynamic asset allocation strategy between bonds and stocks, targeting an 80% allocation to the China Bond Total Index (full price) and 20% to the CSI 300 Index [1]. - The fund's risk-return characteristics indicate that it is expected to have higher returns and risks than money market funds but lower than mixed or equity funds [1]. Financial Indicators and Fund Performance - As of the end of the reporting period, the total fund shares amounted to 449,111,265.27 [1]. - The net value growth rates for the fund classes during the reporting period were as follows: - Class A: 2.22% for the past three months, 3.59% for six months, 10.36% for one year, and 12.17% for three years [1][2]. - Class B: Similar performance metrics as Class A, with a net value growth rate of 2.22% for the past three months [1][4]. - Class C: 2.16% for the past three months, 3.49% for six months, and 10.13% for one year [1][4]. Investment Strategy and Market Analysis - The fund manager emphasizes a bottom-up investment approach, focusing on in-depth research of company fundamentals to generate excess returns [6][8]. - The report notes a rebound in the equity market driven by domestic economic recovery expectations, with the Shanghai Composite Index rising by 3.26% in the second quarter [6]. - The bond market saw a decline in the 10-year government bond yield, dropping approximately 17 basis points from 1.82% to around 1.65% [6]. Investment Portfolio - The fund's asset allocation at the end of the reporting period included approximately 73.12% in bonds and 14.24% in stocks [9]. - The top sectors in the investment portfolio included manufacturing and finance, with significant allocations to various industries [9]. Fund Management and Compliance - The fund management strictly adheres to relevant laws and regulations, ensuring fair treatment of all funds and investment portfolios [6]. - No instances of unfair trading or conflicts of interest were reported during the period [6].