Fund Overview - The fund is named Penghua ChiNext Index Securities Investment Fund (LOF) and is managed by Penghua Fund Management Co., Ltd. with China Construction Bank as the custodian [2][3] - The fund aims to closely track the ChiNext Index, targeting a daily tracking deviation of no more than 0.35% and an annual tracking error of no more than 4% [2][3] Financial Performance - For the reporting period from January 1, 2025, to June 30, 2025, the A class shares achieved a net value growth rate of 1.68%, while the benchmark growth rate was 0.61% [8][9] - The C class shares recorded a net value growth rate of 1.53%, also outperforming the benchmark [8][9] - The I class shares experienced a slight decline with a net value growth rate of -0.02% against a benchmark growth rate of 1.53% [8][9] Investment Strategy - The fund employs a passive index investment strategy, constructing an investment portfolio based on the benchmark weights of the constituent stocks [2][3] - Adjustments to the stock portfolio will be made in response to changes in the index constituents and their weights, as well as market conditions [2][3] Market Analysis - The ChiNext Index showed a recovery trend in the first half of 2025, driven by sectors such as pharmaceuticals and new energy [7][9] - The overall market is in a recovery phase, with significant influences from domestic monetary policy adjustments and trade negotiations [9][10] Management and Compliance - The fund management strictly adheres to relevant laws and regulations, ensuring compliance and protecting the interests of fund shareholders [6][12] - The fund manager has established a comprehensive index tracking mechanism to minimize tracking errors [7][10]