本次分红对象为权益登记日在易方达基金管理有限公司登记在册的本基金全体持有人。，权益登记日为 12月4日，现金红利发放日为12月5日。选择红利再投资方式的投资者红利再投资所得的基金份额将按 2025年12月4日的基金份额净值计算确定，本公司将于红利发放日对红利再投资的基金份额进行确认并 通知各销售机构，本次红利再投资所得份额的持有期限自红利发放日开始计算。2025年12月8日起投资 者可以查询、赎回。权益登记日之前（不含权益登记日）办理了转托管转出尚未办理转托管转入的基金 份额，其分红方式按照红利再投资处理。根据相关法律法规规定，基金向投资者分配的基金收益，暂不 征收所得税。本基金本次分红免收分红手续费；选择红利再投资方式的投资者其红利再投资所得的基金 份额免收申购费用。 证券之星消息，12月3日发布《易方达红利混合型证券投资基金分红公告》。本次分红为2025年度的第2 次分红。公告显示，本次分红的收益分配基准日为11月11日，详细分红方案如下： | 分级基金筒称 | 代码 | 基准日基金净值 | | 分红方案 | | | --- | --- | --- | --- | --- | --- | | | | (元 ...

Core Viewpoint - The E Fund Dividend Mixed A Fund (020801) reported a profit of 2.7129 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.0645 yuan, and a net value growth rate of 4.24% during the reporting period [3] Fund Performance - As of September 5, 2025, the fund's unit net value was 1.19 yuan, with a near-term performance of 9.18% over the last three months, ranking 511 out of 615 comparable funds [5] - The fund's six-month and one-year performance showed growth rates of 12.98% and 27.46%, ranking 389 out of 615 and 471 out of 602 respectively [5] Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 8.08 times, significantly lower than the industry average of 25.34 times [10] - The weighted average price-to-book (P/B) ratio was about 0.81 times, compared to the industry average of 2.34 times, and the weighted average price-to-sales (P/S) ratio was approximately 0.66 times, against an industry average of 2.09 times [10] Growth Metrics - For the first half of 2025, the weighted revenue growth rate of the fund's stock holdings was -0.04%, while the weighted net profit growth rate was 0.05%, with a weighted annualized return on equity of 0.1% [20] Fund Composition - As of June 30, 2025, the fund had a total of 488 holders, with a total of 44.7055 million shares held, where management held 937,100 shares (2.10%), institutions held 10.17%, and individual investors held 89.83% [39] - The fund's top ten holdings included Tencent Holdings, Alibaba-W, and Huaxin Cement, among others [44]

Core Viewpoint - The article highlights the promising performance of Bao Zhengyu, a fund manager at E Fund Management, emphasizing his potential for future success despite facing challenges in the market [1][29]. Group 1: Background and Experience - Bao Zhengyu has been with E Fund Management since July 2017, starting as a researcher and gradually becoming the assistant general manager of the research department, currently managing several funds, with a focus on the E Fund Value Selection Mixed Fund, which has a scale of 3.74 billion [3][4]. - Unlike typical fund managers, Bao took over a large fund with nearly 4 billion in net assets right from the start, indicating E Fund's confidence in his abilities [4]. Group 2: Fund Performance - As of August 2025, Bao's total managed assets reached 3.85 billion, and he has developed a clear investment style and philosophy, gradually emerging in the value investment sector [6]. - The E Fund Value Selection Mixed Fund has achieved a cumulative return of 861.8% since its inception in June 2006, with an annualized return of 12.5% [7]. - In the past three years, the fund's returns were -2.6%, 3.5%, and 24.2%, outperforming the CSI 300 and benchmark in two of those years, with a mid-tier ranking among peers [9][10]. Group 3: Investment Strategy - Initially favoring liquor stocks, Bao's strategy led to lower returns in the first two years of managing the fund, as the liquor index entered a downtrend after three years of growth [15][16]. - By the end of 2024, Bao began to reduce liquor holdings and shifted focus towards new consumption and growth sectors, including AI [16][19]. - The fund's mid-2025 report indicates a continued focus on semiconductor and innovative pharmaceutical sectors, with a stock allocation nearing 95% [19][20]. Group 4: Management Style and Communication - Bao's investment approach shows flexibility without a strong personal bias towards specific stock types, maintaining a diversified industry distribution across finance, chemicals, and technology [23][24]. - Unlike many fund managers, Bao rarely promotes himself, with his insights primarily shared through official documents from E Fund, focusing on market analysis and investment strategies [25][27]. Group 5: Challenges and Future Outlook - Despite demonstrating solid investment capabilities, Bao faces challenges due to his limited experience of less than three years in fund management and a maximum drawdown exceeding 25% [29][30]. - As a representative of a new generation of fund managers at E Fund, Bao benefits from strong research support and a developing investment philosophy, making his future performance worth monitoring [31].

该基金属于偏股混合型基金。截至7月18日，单位净值为1.14元。基金经理是包正钰，目前管理4只基金。 基金管理人在二季报中表示，报告期内，基金运作平稳，各项风险暴露均符合既定目标。展望 2025 年三季度，管理人将继续深化主动研究与量化模型的协 同，保持对高股息优质资产的关注，同时在严格风险控制框架下，努力为投资者创造持续而可观的超额收益。 截至7月18日，易方达红利混合A近三个月复权单位净值增长率为8.28%，位于同类可比基金425/615；近半年复权单位净值增长率为11.94%，位于同类可比 基金258/615。 AI基金易方达红利混合A（020801）披露2025年二季报，第二季度基金利润50.98万元，加权平均基金份额本期利润0.0115元。报告期内，基金净值增长率为 1.57%，截至二季度末，基金规模为4879.15万元。 通过所选区间该基金净值增长率分位图，可以观察该基金与同类基金业绩比较情况。图为坐标原点到区间内某时点的净值增长率在同类基金中的分位数。 截至6月27日，基金成立以来夏普比率为0.1597。 截至7月18日，基金成立以来最大回撤为9.79%。单季度最大回撤出现在2025年二季度，为 ...