证券之星消息，12月31日发布《招商信用添利债券型证券投资基金(LOF)2025年度第四次分红公告》。 本次分红为2025年度的第四次分红。公告显示，本次分红的收益分配基准日为12月12日，详细分红方案 如下： 本次分红对象为权益登记日登记在册的本基金份额持有人。，权益登记日为1月6日，现金红利发放日为 1月7日。1）选择红利再投资的投资者其转投基金份额的基金份额净值日为：2026年1月6日；2）红利再 投资的基金份额可赎回起始日：2026年1月8日。根据财政部、国家税务总局相关规定，基金向投资者分 配的基金收益，暂免征收所得税。1）本基金本次分红免收分红手续费；2）选择红利再投资方式的投资 者其红利再投资的基金份额免收申购费用。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Core Viewpoint - The report provides an overview of the performance and management of the 招商信用添利债券型证券投资基金 (LOF) for the second quarter of 2025, highlighting its investment strategies, financial indicators, and market conditions affecting the fund's performance [1][3]. Fund Product Overview - The fund is a closed-end bond fund that will convert to an open-end fund after five years, with a total share amount of 836,632,583.24 shares at the end of the reporting period [1]. - The fund aims to invest in high-credit-rated fixed income products while ensuring long-term capital safety and striving for higher current returns through active management [1]. - The fund's main investment strategies include asset allocation, bond investment strategies, convertible bond strategies, and equity investment strategies [1]. Financial Indicators and Fund Performance - For the reporting period from April 1, 2025, to June 30, 2025, the A class share net value growth rate was 0.73%, while the benchmark growth rate was 1.67%. The C class share net value growth rate was 0.66%, also against a benchmark of 1.67% [9]. - The fund's performance over various time frames includes: - 3 months: A class 0.73%, C class 0.66% [9]. - 6 months: A class 0.44%, C class 0.29% [9]. - 1 year: A class 2.37%, C class 2.07% [9]. - 3 years: A class 8.84%, C class 7.87% [9]. - 5 years: A class 18.68%, C class 17.18% [9]. Management Report - The fund manager has adhered to legal regulations and the fund contract, ensuring compliance and protecting the interests of fund holders [4][5]. - The fund manager has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across all portfolios [5][7]. Market Overview - The macroeconomic review indicates a 3.7% year-on-year growth in fixed asset investment, with real estate investment down by 10.7% and infrastructure investment up by 10.4% [7]. - The bond market saw fluctuations in yields influenced by various economic factors, including interest rate adjustments and trade policies [8]. Investment Portfolio - The fund's total assets include 99.12% in bonds, with a significant portion in policy financial bonds valued at 157,093,912.33 yuan, representing 17.96% of the fund's net asset value [10][11]. - The fund did not hold any stocks or other high-risk assets during the reporting period, maintaining a conservative investment approach [10].