Core Insights - The Guozheng Free Cash Flow Index has increased by 0.50% as of August 20, 2025, with leading stocks including Yuntianhua, Mould Technology, Mulinsen, Jiejia Weichuang, and Baiyin Nonferrous Metals [1] - The Free Cash Flow ETF (159201) has risen by 0.55%, with a latest price of 1.09 yuan, and has seen a turnover rate of 1.76% with a transaction volume of 68.6096 million yuan [1] - Over the past week, the Free Cash Flow ETF has averaged a daily transaction volume of 343 million yuan, ranking first among comparable funds [1] Fund Performance - As of August 19, 2025, the Free Cash Flow ETF has achieved a net value increase of 8.74% over the past six months [2] - The ETF's highest single-month return since inception is 3.62%, with the longest consecutive monthly gain being three months and a maximum increase of 9.05% [2] - The ETF has a monthly profit percentage of 80.00% and a historical six-month holding profit probability of 100.00% [2] Fund Metrics - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [2] - The tracking error for the ETF over the past month is 0.040%, indicating the highest tracking precision among comparable funds [2] - The ETF closely tracks the Guozheng Free Cash Flow Index, which reflects the price changes of listed companies with high and stable free cash flow levels [2] Top Holdings - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [2][4] - The weightings of the top stocks are as follows: SAIC Motor (10.18%), China National Offshore Oil (9.81%), Midea Group (9.28%), and Gree Electric (7.56%) [4]

Group 1 - The Guozheng Free Cash Flow Index decreased by 0.08% as of July 22, 2025, with mixed performance among constituent stocks, including Dongfang Electric and Zhejiang Construction Investment hitting the upper limit, while Shanghai Steel Union and others led the decline [1][3] - The Free Cash Flow ETF (159201) fell by 0.19%, with the latest price at 1.06 yuan, and it recorded a turnover rate of 2.85% with a transaction volume of 112 million yuan [1] - Over the past nine days, the Free Cash Flow ETF has seen continuous net inflows, with a maximum single-day net inflow of 94.76 million yuan, totaling 232 million yuan, averaging 25.79 million yuan in daily net inflow [1] Group 2 - As of June 30, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index accounted for 57.97% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [3] - The latest financing buy-in amount for the Free Cash Flow ETF reached 6.89 million yuan, with a financing balance of 26.45 million yuan [3] Group 3 - The top ten stocks by weight in the Free Cash Flow ETF include SAIC Motor (10.18%), Midea Group (9.28%), and Gree Electric (7.56%), with varying performance in terms of price changes [5]

费率方面，自由现金流ETF管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 跟踪精度方面，截至2025年7月17日，自由现金流ETF今年以来跟踪误差为0.141%，在可比基金中跟踪 精度最高。 数据显示，截至2025年6月30日，国证自由现金流指数前十大权重股分别为上汽集团、中国海油、美的 集团、格力电器、洛阳钼业、中国铝业、厦门国贸、正泰电器、上海电气和中国动力，前十大权重股合 计占比57.97%。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 000333 | 美的集团 | 0.15% | 1.31% | | 600938 | 田国海油 | 0.39% | 1.30% | | 601898 | 中煤能源 | 1.25% | 1.04% | | 000338 | 潍柴动力 | 0.19% | 0.95% | | 601600 | 中国铝业 | 1.68% | 0.82% | | 000063 | 中兴通讯 | -0.17% | 0.73% | | 601727 | 上海电气 | -0.14% | 0.58% | | 00062 ...

Group 1 - The core viewpoint of the news highlights the performance and growing interest in the National Index of Free Cash Flow, with a slight increase of 0.06% as of July 17, 2025, and notable leading stocks such as Shanghai Steel Union and Weichai Heavy Machinery [1][3] - The Free Cash Flow ETF (159201) experienced a minor decline of 0.10%, currently priced at 1.04 yuan, but has shown a cumulative increase of 1.37% over the past week [1] - The Free Cash Flow ETF has seen significant trading activity, with a turnover rate of 3.66% and a total transaction volume of 134 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past year [1] Group 2 - Leveraged funds are increasingly investing in the Free Cash Flow ETF, with the latest financing buy amounting to 390.62 thousand yuan and a financing balance of 2,218.59 thousand yuan [3] - The growing number of free cash flow funds reflects product diversification in the market, as professional investors seek varied investment options [3] - As of June 30, 2025, the top ten weighted stocks in the National Index of Free Cash Flow accounted for 57.97% of the index, including major companies like SAIC Motor and China National Offshore Oil [3]

Group 1 - The Guozheng Free Cash Flow Index increased by 0.97%, with constituent stocks such as Guodian Nanzi and Weichai Heavy Industry hitting the daily limit of 10% [3] - The Free Cash Flow ETF (159201) also rose by 0.97%, marking its third consecutive increase, with the latest price at 1.04 yuan [3] - The Free Cash Flow ETF recorded a turnover of 7.23% during the trading session, with a transaction volume of 263 million yuan [3] Group 2 - As of June 30, 2025, the top ten weighted stocks in the Guozheng Free Cash Flow Index accounted for 57.97% of the index, including SAIC Motor, China National Offshore Oil, and Midea Group [4] - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [3] - The tracking error for the Free Cash Flow ETF over the past three months is 0.094%, indicating the highest tracking accuracy among comparable funds [3]

Core Insights - The National Index of Free Cash Flow (980092) has shown a strong increase of 1.02% as of June 24, 2025, with notable gains in constituent stocks such as Sumida (7.16%), Ousheng Electric (6.03%), and Weichai Heavy Machinery (4.96%) [1] - The Free Cash Flow ETF (159201) has achieved a three-day consecutive increase, closing at 1 yuan, with a trading volume of 2.94 billion yuan and a turnover rate of 7.87% [1] - The Free Cash Flow ETF has seen significant growth in scale, with an increase of 13.67 million yuan over the past week, leading comparable funds [1] - The ETF's net inflow of funds reached 4.63 million yuan over the last five trading days, indicating strong investor interest [1] Liquidity and Leverage - Leveraged funds continue to invest, with the latest financing buy amounting to 2.48 million yuan and a financing balance of 22.81 million yuan for the Free Cash Flow ETF [3] - The ETF has the highest tracking accuracy among comparable funds, with a tracking error of only 0.150% year-to-date [3] Valuation Metrics - The Free Cash Flow ETF tracks the National Index of Free Cash Flow, which has a current price-to-earnings ratio (PE-TTM) of 11.71, placing it in the 16.3% percentile over the past year, indicating it is undervalued compared to 83.7% of the time historically [3] Fund Management - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market, maximizing benefits for investors [4] Stock Performance - Notable stock performances include Midea Group with a gain of 1.51% and Weichai Power with a gain of 2.03%, while China National Offshore Oil Corporation saw a decline of 2.21% [6]

Core Viewpoint - The National Index of Free Cash Flow has experienced a decline of 0.59% as of May 22, 2025, with mixed performance among constituent stocks, indicating a volatile market environment [1]. Group 1: ETF Performance - The Free Cash Flow ETF (159201) has decreased by 0.50%, with the latest price at 0.99 yuan [1]. - The ETF has seen a turnover rate of 7.55% during the trading session, with a total transaction volume of 260 million yuan [1]. - Over the past year, the average daily transaction volume of the Free Cash Flow ETF is 299 million yuan, ranking it first among comparable funds [1]. Group 2: Fund Inflows and Growth - In the last 10 trading days, the Free Cash Flow ETF has attracted a total of 25.33 million yuan in inflows [1]. - The ETF's shares have increased by 5.8 million this month, indicating significant growth [1]. - In the past week, the ETF's scale has grown by 5.612 million yuan, placing it in the top quarter among comparable funds [1]. Group 3: Leverage and Risk Metrics - Leverage funds continue to invest, with a net financing amount of 1.11 million yuan on the previous trading day, bringing the latest financing balance to 53.38 million yuan [3]. - The ETF has a Sharpe ratio of 1.09 over the past month, ranking it third among comparable funds, indicating the highest return for the same level of risk [3]. - The management fee of the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [3]. Group 4: Tracking Accuracy - The tracking error of the Free Cash Flow ETF over the past month is 0.007%, making it the most accurate among comparable funds [3]. - Future market stability is expected as the Central Huijin Investment Company is anticipated to act as a stabilizing force during significant market fluctuations, suggesting manageable downside risks for A-shares [3].

Core Insights - The Guozheng Free Cash Flow Index has increased by 0.17%, with leading stocks including Zhao Xun Media, Lai Bao High-Tech, and others [1] - The Free Cash Flow ETF (159201) has risen by 0.20%, with a trading volume of 117 million yuan and a turnover rate of 3.42% [1] - Over the past 10 trading days, the Free Cash Flow ETF has seen net inflows on 6 days, totaling 62.7063 million yuan [1] - The Free Cash Flow ETF has experienced a significant growth of 146 million yuan in the past two weeks, ranking first among comparable funds [1] Fund Performance - The latest financing buy-in amount for the Free Cash Flow ETF is 1.3976 million yuan, with a financing balance of 51.9455 million yuan [3] - The ETF has a Sharpe ratio of 1.09 over the past month, ranking it in the top third among comparable funds, indicating the highest return for the same level of risk [3] - The tracking error for the ETF over the past month is 0.007%, making it the most precise tracker among comparable funds [3] Index Composition - The Guozheng Free Cash Flow Index reflects the price changes of listed companies with high and stable free cash flow levels in the Shanghai and Shenzhen stock exchanges [3] - As of April 30, 2025, the top ten weighted stocks in the index account for 56.66% of the total, including Midea Group, China National Offshore Oil, and others [3]

Group 1 - The core viewpoint of the news highlights the performance and growth of the Guozheng Free Cash Flow ETF, which has seen significant increases in both its index and fund size, indicating strong investor interest and liquidity [1][3]. - As of May 12, 2025, the Free Cash Flow ETF has achieved a cumulative increase of 2.51% over the past week, ranking first among comparable funds [1]. - The ETF has experienced a net inflow of 164 million yuan over the past four days, with an average daily net inflow of approximately 40.88 million yuan [1]. Group 2 - The Free Cash Flow ETF has the lowest management fee rate of 0.15% and a custody fee rate of 0.05% among comparable funds, making it cost-effective for investors [3]. - The tracking error of the ETF is only 0.006% over the past month, indicating the highest tracking precision compared to similar funds [3]. - The underlying index, the Guozheng Free Cash Flow Index, is currently at a historical low valuation with a price-to-book ratio (PB) of 1.58, which is below 80.9% of the time over the past year, suggesting a favorable valuation for investors [3]. Group 3 - The Free Cash Flow ETF has a total share count of 3.542 billion, reaching a one-month high, and its total scale has reached 3.475 billion yuan, marking a new high since its inception [1][3]. - The ETF's liquidity is strong, with an average daily trading volume of 302 million yuan over the past year, ranking first among comparable funds [1]. - The ETF's latest margin buying amount is 1.3563 million yuan, with a margin balance of approximately 49.4 million yuan, indicating continued leverage interest [1].

Group 1 - The core index, the Guozheng Free Cash Flow Index, has increased by 0.93%, with leading stocks including China Power, Weichai Power, Zhenhua Heavy Industries, Ousheng Electric, and Hisense Home Appliances [3] - The Free Cash Flow ETF has seen a trading volume of 1.24 billion yuan, with a turnover rate of 3.64% [3] - Over the past three days, the Free Cash Flow ETF has experienced a net inflow of funds totaling 158 million yuan, reaching a new high of 3.536 billion shares [3] Group 2 - The Free Cash Flow ETF's latest management fee is 0.15% and the custody fee is 0.05%, making it the lowest among comparable funds [3] - The latest price-to-earnings ratio (PE-TTM) of the Guozheng Free Cash Flow Index is 11.79, indicating it is at a historical low, below 80.1% of the time over the past year [4] - The top ten weighted stocks in the Guozheng Free Cash Flow Index account for 56.66% of the index, with companies like Midea Group and China National Offshore Oil Corporation among them [4] Group 3 - The Free Cash Flow ETF has a tracking error of only 0.004% over the past month, indicating the highest tracking accuracy among comparable funds [3] - The latest financing buy-in amount for the Free Cash Flow ETF is 2.6358 million yuan, with a financing balance of 52.2858 million yuan [3] - The top ten stocks in the Free Cash Flow ETF include Midea Group, China National Offshore Oil Corporation, and Weichai Power, with varying weightings and performance [6]