Core Insights - The majority of stock and mixed funds achieved positive returns, with 94.11% reporting gains on November 6, 2023, and 22 funds exceeding a 5% return [1][2] - The Shanghai Composite Index rose by 0.97% to close at 4007.76 points, while the Shenzhen Component Index increased by 1.73%, the ChiNext Index by 1.84%, and the STAR 50 Index by 3.34% [1] - The top-performing sectors included non-ferrous metals, electronics, and communications, with increases of 3.05%, 3.00%, and 2.37% respectively [1] Fund Performance - On November 6, the average net value growth rate for stock and mixed funds was 1.42%, with 94.11% of funds reporting positive growth [1][2] - The fund with the highest return was Qianhai Kaiyuan Hong Kong-Shenzhen Enjoy Life Fund, achieving a net value growth rate of 6.15% [2] - Among the funds exceeding a 5% return, 14 were equity-oriented, 5 were flexible allocation, and 3 were standard equity funds [2] Fund Drawdowns - A total of 31 funds experienced a net value drawdown exceeding 1%, with the largest decline recorded by the Film and Television ETF at -2.19% [2][3] - Other notable drawdowns included Guotai CSI Film and Television Theme ETF at -2.17% and Galaxy Consumption Mixed A and C at -1.81% each [3][4] Fund Rankings - The top funds by net value growth rate on November 6 included: - Qianhai Kaiyuan Hong Kong-Shenzhen Enjoy Life Fund: 6.15% - Penghua High-end Equipment One-Year Holding Period Mixed A: 6.13% - Penghua High-end Equipment One-Year Holding Period Mixed C: 6.12% - Penghua Innovation-Driven Mixed: 6.08% [2][3] - The funds with the largest drawdowns included: - Film and Television ETF: -2.19% - Guotai CSI Film and Television Theme ETF: -2.17% - Galaxy Consumption Mixed A and C: -1.81% each [3][4]

Core Viewpoint - The article provides an objective ranking of fund net values, highlighting the top-performing and bottom-performing funds without any subjective bias or investment advice [1]. Fund Performance Summary Top 10 Funds by Net Value Growth - The top 10 funds with the highest net value growth include: 1. Qianhai Kaiyuan HuGangShen LeXiang Life: 2.6661, up 6.15% 2. Penghua High-end Equipment A: 1.6346, up 6.13% 3. Penghua High-end Equipment C: 1.6119, up 6.12% 4. Penghua Innovation Driven: 1.9532, up 6.08% 5. Huaxia Semiconductor Leading A: 1.9596, up 5.60% 6. Huaxia Semiconductor Leading C: 1.9324, up 5.60% 7. Huaxia Advantage Selection: 1.5068, up 5.44% 8. Huaxia Jianlong Selection: 1.6303, up 5.41% 9. GF Advanced Manufacturing A: 1.5045, up 5.28% 10. Yongying Digital Economy A: 1.7328, up 5.27% [4][6]. Bottom 10 Funds by Net Value Growth - The bottom 10 funds with the lowest net value growth include: 1. Orient Alliance Innovation Power Distribution: 1.2421, down 2.07% 2. Orient Alliance Innovation Power Accumulation: 1.3322, down 2.07% 3. Guotai Youxuan Leading FOF: 1.2197, down 1.98% 4. Galaxy Consumption Mixed A: 1.7320, down 1.81% 5. Galaxy Consumption Mixed C: 1.6850, down 1.81% 6. Huitianfu Core Selection A: 1.1603, down 1.74% 7. Huitianfu Core Selection C: 1.1447, down 1.73% 8. Boshi Greater China: 1.0370, down 1.71% 9. E Fund Pension 2055 Y: 1.2853, down 1.71% 10. E Fund Pension 2055 A: 1.2807, down 1.70% [5][6]. Market Analysis - The Shanghai Composite Index showed a strong upward trend, closing with a significant rebound, while the ChiNext Index experienced a high opening but retreated, indicating mixed performance in the market [8]. - The semiconductor and non-ferrous metal sectors led the gains, each rising over 3%, while public transportation, tourism, and media entertainment sectors faced declines exceeding 2% [8].

Group 1 - The article provides a ranking of open-end funds based on their net asset value growth as of August 1, 2025, highlighting the top 10 funds with the highest growth rates [2][4]. - The top-performing fund is "德邦稳盈增长灵活配置混合C" with a unit net value of 1.0649, showing an increase from 1.0086 on July 31, 2025, reflecting a growth of 5% [2]. - The bottom-performing fund is "方正富邦核心优势混合A," which has a unit net value of 1.1828, down from 1.1527, indicating a decrease of 2.04% [4]. Group 2 - The overall market performance shows the Shanghai Composite Index experiencing a slight decline, while the ChiNext Index faced a wider fluctuation with a minor drop, with a total trading volume of 1.62 trillion [6]. - Leading sectors include warehousing logistics, paper manufacturing, and environmental protection, while the oil and aviation sectors faced declines of over 2% [6]. - The fund "德邦稳盈增长灵活配置混合C" is noted for its rapid net value growth, indicating strong performance in the current market environment [6].

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth as of July 31, 2025, highlighting the top and bottom performers in the market [2][4][6]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. 东方阿尔法瑞丰混合发起A with a unit net value of 1.1281, up from 1.0777, showing a growth of 4.7% 2. 东方阿尔法瑞丰混合发起C with a unit net value of 1.1193, up from 1.0693, showing a growth of 4.7% 3. 永赢信息产业智选混合发起A with a unit net value of 1.0552, up from 1.0189, showing a growth of 3.6% 4. 鹏华高端装备一年持有期混合A with a unit net value of 1.2398, up from 1.1972, showing a growth of 3.5% 5. 永赢信息产业智选混合发起C with a unit net value of 1.0520, up from 1.0159, showing a growth of 3.6% 6. 鹏华高端装备一年持有期混合C with a unit net value of 1.2246, up from 1.1826, showing a growth of 3.6% 7. 鹏华创新驱动混合 with a unit net value of 1.4763, up from 1.4269, showing a growth of 3.5% 8. 同泰大健康主题混合C with a unit net value of 0.6134, up from 0.5941, showing a growth of 3.5% 9. 同泰大健康主题混合A with a unit net value of 0.6240, up from 0.6044, showing a growth of 3.5% 10. 华富健康文娱灵活配置混合C with a unit net value of 1.4523, up from 1.4079, showing a growth of 3.2% [2][4]. - The bottom 10 funds with the lowest net value growth include: 1. 富荣福银混合C with a unit net value of 0.8518, down from 0.9088, showing a decline of 6.1% 2. 富荣福银混合A with a unit net value of 0.8658, down from 0.9238, showing a decline of 6.3% 3. 北信瑞丰产业升级 with a unit net value of 1.2031, down from 1.2594, showing a decline of 4.5% 4. 汇丰晋信研究精选混合 with a unit net value of 0.8478, down from 0.8849, showing a decline of 4.2% 5. 招商沪深300地产等权重指数A with a unit net value of 0.3288, down from 0.3429, showing a decline of 4.1% 6. 招商沪深300地产等权重指数C with a unit net value of 0.3276, down from 0.3416, showing a decline of 4.1% 7. 鹏华中证800地产指数(LOF)I with a unit net value of 1.0056, down from 1.0478, showing a decline of 4.0% 8. 鹏华中证800地产指数(LOF)A with a unit net value of 0.6148, down from 0.6406, showing a decline of 4.0% 9. 鹏华中证800地产指数(LOF)C with a unit net value of 0.6031, down from 0.6284, showing a decline of 4.0% 10. 国泰中证钢铁ETF with a unit net value of 1.4015, down from 1.4591, showing a decline of 3.9% [4][6]. Market Analysis - The market showed a mixed performance with the Shanghai Composite Index opening lower and closing down, while the ChiNext Index also opened high but closed lower. The total trading volume reached 1.96 trillion, with a market breadth of 1,061 gainers to 4,287 decliners [6]. - Leading sectors included communication equipment, while the steel, chemical fiber, insurance, non-ferrous metals, and real estate sectors experienced declines exceeding 3% [6].

Core Viewpoint - The report outlines the performance and investment strategy of the Penghua High-end Equipment One-Year Holding Mixed Securities Investment Fund, emphasizing its focus on high-end equipment sectors and the management's commitment to achieving long-term asset appreciation while controlling risks [1][2][11]. Fund Overview - The fund primarily invests in listed companies within the high-end equipment theme, utilizing an active investment strategy to seek returns that exceed the performance benchmark [2][3]. - As of the end of the reporting period, the total fund shares amounted to 90,172,149.47 [1]. Investment Strategy - The fund employs an asset allocation strategy that considers macroeconomic variables and national policies to assess economic cycles and adjust asset classes accordingly [2][4]. - High-end equipment is defined as industries with high technology and added value, including aerospace, marine engineering, and advanced manufacturing sectors [3][4]. - The fund utilizes both top-down and bottom-up approaches for stock selection, focusing on industry growth prospects and individual company fundamentals [4][5]. Financial Performance - For the reporting period from April 1, 2025, to June 30, 2025, the A class shares experienced a net value growth rate of -5.91%, while the C class shares had a growth rate of -6.06% [18]. - The performance benchmark for the fund is a combination of the CSI High-end Equipment Manufacturing Index, the Hang Seng Index, and the China Bond Composite Wealth Index [6][18]. Portfolio Composition - The fund's total assets include a significant allocation to stocks, with a fair value of approximately 91,063,219.92 RMB, representing 92.61% of the total assets [15]. - The fund also invests in Hong Kong stocks through the Stock Connect program, with a fair value of 28,534,465.68 RMB, accounting for 29.55% of the net asset value [15][19]. Market Analysis - The report indicates that the A-share market experienced fluctuations during the second quarter, with small and micro-cap stocks outperforming larger companies [11][12]. - The fund's investment focus has shifted towards the AI industry chain, particularly in sectors related to AI inference applications and related software [12][13].