Heavily invested in gold and bond varieties, the outstanding FOF "Qinniu" has a strategy.

With the disclosure of the Fund's second quarter report for 2025, the latest trading trends of FOF have emerged. Wind data shows that Huaxin Gold ETF became the fund with the highest FOF holdings at the end of the second quarter of 2025. From the perspective of FOF holdings in terms of market value, bond-type ETFs are also a major investment target for FOF. Wind data shows that HFT CSI Short-term Corporate Bond ETF, Pengyang CS 30-year Treasury Bond ETF, and FGZQ 7-10 Year Policy Financial Bond ETFs are among the top FOF holdings in terms of market value. Looking at the FOF allocation strategy with outstanding performance so far this year, it can be seen that many FOF fund managers have adopted a more aggressive allocation strategy, with Hong Kong stocks in technology, innovative pharmaceuticals, and technology chips ETFs becoming important drivers of FOF net asset value growth.