The semi-annual report published by the fund is the summary of the first half of each fund, which is equivalent to the report card of the fund in the first half of the year. This transcript can be found on the website of the fund company and the major fund platforms. The semi-annual report of the fund must be read, so don't worry about not understanding it.
First of all, we can look at the past performance of the fund, such as the past month, three months, six months, one year, three years and so on. We can compare the performance of the fund with the performance comparison benchmark. If the performance is higher than the performance benchmark, it means that the fund is above average. If it is much higher, it is the top student in the fund. If it is lower than the performance benchmark for a long time, we should consider whether to give up such a fund.
Then you can look at the fund manager's investment strategy and operational analysis to understand the fund manager's previous operations and views. Do you agree?
Next is the fund manager's view on the market outlook. How will the market perform? What sectors are fund managers optimistic about? It will be written in detail. Whether the fund manager's judgment is accurate will also be reflected in the income.
Further down is the financial data. If you have a financial foundation, it can be understood that the profit of the fund comes from the investment income after deducting the cost. We can see how much money the fund manager earns by investing in stocks and bonds, as well as the management fee and custody fee of the fund.
Finally, there is a very critical portfolio report, which varieties the fund manager has invested in, and the sector will be very clear. Therefore, we don't need much time to read a semi-annual report of the fund.