Fund Overview - The fund is named "Zhaoshang Guozheng Food and Beverage Industry Exchange-Traded Fund" and was established on January 25, 2021 [2] - The fund aims to closely track the performance of the Guozheng Food and Beverage Industry Index, with a target tracking deviation of no more than 0.20% on a daily basis and an annual tracking error of no more than 2% [2][3] - The fund employs a passive investment strategy through full replication of the underlying index [2] Financial Performance - The fund reported a realized loss of approximately 7.19 million RMB and a total profit loss of about 17.31 million RMB for the reporting period from January 1, 2025, to June 30, 2025 [3][4] - The weighted average net value profit rate was -5.95%, and the fund's share net value growth rate was -6.09% [3][4] - The fund's total net asset value at the end of the reporting period was approximately 288.81 million RMB, with a share net value of 0.6355 RMB [3][4] Investment Strategy - The fund's investment strategy includes constructing a stock portfolio based on the composition and weight of the underlying index's constituent stocks [2] - The fund's performance benchmark is the return rate of the Guozheng Food and Beverage Industry Index [2] Management and Compliance - The fund management company, Zhaoshang Fund Management Co., Ltd., is responsible for managing the fund's assets with a commitment to honesty and diligence [4][5] - The fund has established a comprehensive research and investment decision-making process to ensure fair investment opportunities across all portfolios [8][9] Market Context - During the reporting period, the overall A-share market showed a certain degree of upward volatility, with the CSI 300 Index rising by 0.03% and the CSI 500 Index increasing by 3.31% [9][10] - The fund's net value growth rate of -6.09% outperformed the benchmark growth rate of -8.72% during the same period [10]