According to the relevant regulations, the fund manager shall complete the quarterly report of the fund within 15 working days after the end of each quarter, and publish the quarterly report on the designated newspapers and websites. Compared with semi-annual reports and annual reports, quarterly reports are more timely. On the platform of our fund trading, we can generally see the quarterly reports of related funds.
What are the key contents in the fund quarterly report?
Fund net worth performance
Understanding the fund's income in the past period through the fund's net value mainly depends on the net value growth of the fund's net value in the past period and the performance of the fund's net value growth relative to the performance benchmark during this period, that is, the fund's ability to create excess returns. The higher the better.
Portfolio report
It mainly depends on what the fund bought, the positions corresponding to stocks and bonds, which stocks or industries are held in heavy positions, and so on. Here we can know the investment style of the fund manager, how high the implementation level of the operation strategy is, whether there is obvious style deviation and so on.
Investment strategy and operation analysis
This part mainly analyzes the investment strategy of the fund manager according to the fund and market conditions, and also shows the overall investment strategy of the fund manager and the choice of individual stocks. For example, in the selection of individual stocks, some funds wrote: We prefer platform companies with sustainable growth and strong competitiveness, and hope to reduce the fluctuation risk of industry demand through the leading edge of excellent companies, and strive to obtain long-term and stable excess returns.
You can consider whether it is still in line with your own investment philosophy.
Grasping these parts basically completes the acquisition of important contents of the quarterly report.