Group 1 - The core viewpoint of the report is to provide an overview of the performance and management of the Galaxy Fengtai 3-Month Regular Open Bond Fund for the second quarter of 2025, emphasizing its investment strategy and financial indicators [1][2]. - The fund aims to maintain asset liquidity while actively managing investments to achieve long-term stable returns for its holders, utilizing a top-down approach for asset allocation [1][2]. - The fund's performance benchmark is the China Bond Comprehensive Price Index, and it is classified as a bond fund with expected returns and risks higher than money market funds but lower than mixed and equity funds [1][2]. Group 2 - As of the end of the reporting period, the total fund shares amounted to 1,984,743,482.65, with a net asset value per share of 1.0431 yuan [6][8]. - The fund's net value growth rate for the past three months was 0.74%, while the benchmark return was 1.06%, indicating a slight underperformance relative to the benchmark [6][8]. - The fund's investment strategy includes a minimum of 80% of assets allocated to bonds, with a focus on policy financial bonds, which constituted 37.05% of the fund's net asset value [2][8]. Group 3 - The fund manager, Galaxy Fund Management Co., Ltd., has committed to managing the fund's assets with integrity and diligence, although it does not guarantee profits [1][5]. - The report indicates that the fund has not experienced any significant irregularities or compliance issues during the reporting period, adhering to relevant laws and regulations [5][6]. - The fund's investment portfolio is primarily composed of bonds, with no holdings in stocks or other asset classes as of the reporting date [8].