Core Viewpoint - The report outlines the performance and investment strategies of the Galaxy Ruixin Pure Bond Fund for the second quarter of 2025, emphasizing its focus on stable returns through active management and risk control [1][2]. Fund Overview - Fund Name: Galaxy Ruixin Bond Fund - Fund Code: 007406 - Fund Type: Contractual open-end fund - Effective Date: December 26, 2019 - Total Fund Shares at Period End: 2,992,725.48 shares - Investment Objective: To provide long-term stable returns while maintaining liquidity and controlling risks [1]. Investment Strategy - The fund employs a top-down approach for dynamic asset allocation, focusing on active management in bond investments [2]. - Key strategies include: - **Duration Deviation Strategy**: Adjusting the portfolio duration based on interest rate expectations to maximize returns [2]. - **Yield Curve Strategy**: Selecting bond combinations based on anticipated changes in the yield curve [3][4]. - **Category Allocation Strategy**: Adjusting investment proportions based on credit risk cycles and yield spreads between different bond types [5]. Financial Indicators and Fund Performance - The fund's net asset value at the end of the reporting period was 1.0510 RMB per share, with a net value growth rate of 0.17% over the past three months [16]. - Performance comparison against the benchmark (China Bond Composite Full Price Index) shows: - Last three months: 0.17% vs. 1.06% - Last six months: 2.77% vs. -0.14% - Last year: 5.16% vs. 2.36% - Last three years: 9.32% vs. 7.13% - Last five years: 14.43% vs. 8.86% [8]. Asset Allocation - As of the end of the reporting period, the fund's total assets were primarily allocated to bonds, amounting to 2,711,899.97 RMB, representing 85.19% of total assets [17]. - The fund did not hold any stocks or asset-backed securities during the reporting period [17]. Fund Management - The fund manager, Galaxy Fund Management Co., Ltd., has committed to managing the fund with integrity and diligence, aiming for asset preservation and appreciation [12]. - The fund manager has not utilized proprietary funds for investment in this fund during the reporting period [18]. Market Environment - The report indicates a stable domestic economic performance in Q2 2025, with GDP expected to exceed 5%, despite external uncertainties due to trade tensions [14]. - The bond market experienced a favorable environment with declining yields following tariff announcements and subsequent monetary policy adjustments [15].

Meeting Overview - The company announced a meeting for the holders of the Galaxy Ruijia Pure Bond Fund to discuss the adjustment of the redemption fee rate [1][3] - The meeting will be conducted via communication methods, with voting starting from June 14, 2025, to July 14, 2025 [1][4] Voting Process - Voting will be conducted through written paper ballots, which can be obtained from the company's website or relevant publications [5][6] - Participants must ensure their ballots are submitted to the company by the deadline, with specific instructions for both individual and institutional investors [8][9] Meeting Rights and Conditions - The rights registration date for participants is set for June 13, 2025, allowing those registered by that date to vote [4] - A quorum requires that at least half of the total fund shares be represented for the meeting to be valid [11][20] Proposal Details - The main agenda item is the proposal to adjust the redemption fee rate, which aims to better meet investor needs and protect their interests [15][19] - The proposed changes include a new structure for redemption fees based on the duration of fund holding [21][22] Implementation and Communication - If the proposal is approved, the new fee structure will take effect immediately after the decision is made and will be communicated to the relevant regulatory bodies within five days [11][20] - The company has established a working group to ensure the smooth execution of the meeting and the proposal [24] Important Contacts - The company has provided contact information for inquiries related to the meeting and voting process, including a dedicated customer service line [9][13]