Group 1: Market Overview - The fund issuance continues to show a cold trend, with only 23 new funds launched from November 24 to 30, representing a 32% decrease compared to the previous period, and the average subscription period extended to 23.65 days [1] - On November 25, A-shares saw a rise in the three major indices, with the Shanghai Composite Index up 0.87% to 3870.02 points, the Shenzhen Component Index up 1.53% to 12777.31 points, and the ChiNext Index up 1.77% to 2980.93 points, with a total market turnover of 1.81 trillion [1] Group 2: Fund News - No new funds were launched on November 25, but 50 funds distributed dividends, primarily bond funds, with the highest dividend payout from the Guotai Haitong CSI 1000 Preferred Stock Fund at 3.1760 yuan per 10 shares [2] - Despite A-share adjustments triggering risk aversion, public funds are operating contrary to expectations, with bond funds, money market funds, and dividend-themed products recently implementing purchase limits while broad-based equity indices are seeing accelerated new fund launches [2] - As of November 25, there are 80 public fund products in the market with a total planned fundraising amount exceeding 210 billion yuan, indicating a moderate recovery expectation and an optimized investor structure [2] Group 3: Fund Performance - On November 25, the best-performing fund was the浦银安盛数字经济混合A, with a daily growth rate of 6.5864%, followed closely by the 华商均衡成长混合C at 6.5856% and the 华商均衡成长混合A at 6.5849% [5] - In terms of investment types, the top-performing stock fund was 同泰行业优选股票C with a daily growth rate of 6.0587%, while the top bond fund was 南方昌元转债C with a growth rate of 1.5297% [6]

Group 1 - The report is for the Galaxy Wallet Money Market Fund, managed by Galaxy Fund Management Co., Ltd., with the custodian being Bank of Communications Co., Ltd. [1] - The fund aims to achieve stable returns exceeding the performance benchmark while maintaining low risk and high liquidity [2][3] - The fund's performance benchmark is the seven-day notice deposit rate (after tax) [3] Group 2 - As of the end of the reporting period on June 30, 2025, the total fund shares amounted to approximately 5.9 billion [2] - The fund's net value growth rates for different classes during the reporting period were as follows: Galaxy Wallet Money Market A at 0.3719% and Galaxy Wallet Money Market E at 0.3344% [6][7] - The fund's investment strategy includes active investment strategies such as individual bond selection and interest rate strategies, while strictly controlling risks [2][4] Group 3 - The fund's financial indicators for the past three months showed a net value yield of 0.3719% for Class A and 0.3944% for Class B, both exceeding the benchmark yield of 0.3413% [6][7] - The average remaining duration of the investment portfolio was 58 days, with the maximum and minimum durations being 72 days and 24 days, respectively [7][8] - The fund's total assets were primarily allocated to bonds, accounting for 57.93% of the total assets [7]