Fund Overview - The fund is named Penghua Guozheng Nonferrous Metals Industry Exchange-Traded Open-Ended Index Securities Investment Fund, with an indefinite contract duration and listed on the Shenzhen Stock Exchange since March 25, 2021 [2][3] - The investment objective is to closely track the benchmark index, aiming to minimize tracking deviation and error, with daily tracking deviation controlled within 0.2% and annual tracking error within 2% [2][4] Financial Performance - The fund achieved a realized income of CNY 316,177.28 and a profit of CNY 14,740,757.80 during the reporting period [8] - The weighted average profit per fund share was CNY 0.1542, with a net asset value growth rate of 15.13% and a cumulative net value growth rate of 14.66% [10][18] - The fund's net asset value at the end of the reporting period was CNY 95,225,831.53, with a distributable profit of CNY 12,174,313.53 [8][22] Investment Strategy - The fund employs a passive index investment strategy, constructing an investment portfolio based on the benchmark weights of constituent stocks and adjusting according to changes in the index [4][5] - Adjustments to the investment portfolio may occur due to changes in constituent stocks, liquidity issues, or other market factors, aiming to minimize tracking error [4][5] Market Context - The fund's benchmark index, the Guozheng Nonferrous Metals Industry Index, outperformed major broad indices during the reporting period, with a growth rate of 14.52% [17][18] - The macroeconomic environment was favorable for the nonferrous metals sector, with a weak dollar and tariff impacts benefiting prices of gold, copper, and other metals [17][18] Management and Compliance - The fund is managed by Penghua Fund Management Co., Ltd., which has extensive experience in fund management and compliance with relevant regulations [12][16] - The fund's operations adhered strictly to the fund contract and regulatory requirements, ensuring no actions detrimental to the interests of fund shareholders occurred during the reporting period [16][21]