#老司基hard core evaluation# $China Merchants Heyue Stable Pension One Year Holding Period Mixed (FOF)Y(F017270)$ $Bank of Communications Anxiang Stable Pension One Year (FOF)(F006880)$ $China Pension 2040 Three Years Holding Mixed (FOF)Y(F017247)$
A few days ago, the National Social Insurance Public Service Platform announced the “Catalogue of Personal Pension Products”, which includes 129 fund products (all of which are pension target FOF ). In fact, the topic of pension funds has been very hot recently. There are too many people who have written, and I can’t say anything fresher.
Xueqiu recently launched an old-age fund evaluation activity. Taking this opportunity, this article briefly reviews the data of the 12 pension FOF funds selected by the topic brother. These 12 pension FOF funds include 6 “target risk” pension FOFs and 6 “target date” pension FOF funds with different years, see the table below for details:
The first thing to say is that the funds in the table are all Y shares. In fact, they were all established in November 2022, so most of the data in the table use the data of A shares, such as the income of the past year. The two shares are actually the same fund, but the purchase channels are different, and the Y share will be more favorable in terms of rate. Each person can buy a maximum of 12,000 yuan in the pension account every year, with an average of 1,000 yuan per month.
Display their establishment date, fund size combined value, fund net value and other information in the order of the above table. From the perspective of fund types, pension target risk FOF funds and pension target date FOF funds can also be divided into partial debt hybrid funds, partial equity hybrid funds, and balanced hybrid funds.
Data source: Oriental Fortune Choice data, data as of December 02, 2022
Let me show the performance benchmarks of these funds. I artificially marked the proportion of partial stocks in red. In fact, it is not unreasonable to divide investment types into partial stocks and balanced stocks. Regardless of whether they are all retirement target risk FOF funds, In fact, stock positions are different. Lin Guohuai’s fund should have a relatively high stock position, while Sun Zhiyuan’s fund is relatively a stock-debt balanced FOF fund.
Data source: Oriental Fortune Choice data
The performance comparison benchmark of the pension target date FOF fund will change. This is related to the date in the fund name. If you retire around 2045, choose a fund with the number 2045, which means that as the date comes, the fund will The stock position will continue to decrease.
And now it is still 2022, you bought 2025, 2030, 2035, 2040, 2045, their current stock positions are from small to large, and the stock positions of 2045 are not low at present, so 2025 is a partial debt hybrid fund, 2030, 2035 and 2040 are balanced hybrid funds, while 2045 is a partial stock hybrid fund. This design is also causally related to the gradual decline in risk tolerance of individuals as they grow older.
Judging from the size of a single fund, the scale of Cai Zheng’s fund is as high as more than 15 billion. The scale of the fund means the previous appeal in the market. The fund size of Zhang Gewu, Sang Lei, and Xu Liming exceeded 1 billion yuan. Cao Jianwen and Tang Tang’s scale exceeds 200 million yuan, while Li Zhengyi, He Yizhi, Sun Zhiyuan, and Li Xiaoyi’s scale is relatively small, so we must give some negative impression points here. In fact, the top six funds are more worth looking at.
According to the size of a single fund from large to small, the fund managers of these 12 funds are listed in order, which can be one-to-one correspondence with the above figure. The top six funds (the six leftmost column charts) involve five fund managers. , their fund managers are all more than 3 years old, of which Xu Liming’s fund manager’s years are more than 8 years, and Cai Zheng’s fund manager’s years are nearly 10 years. So far, I have a better impression of the five fund managers in the red box in the picture below.
For one-to-one correspondence, even though Xu Liming’s two data are the same, I did not omit them. The figure below shows the total size of the fund managers currently managing 12 funds, and the fund managers on the left are still relatively large. For some, the historical scale is the choice of the market. Debt-oriented funds should pay more attention to those fund managers with a relatively large scale of management, so I personally recommend choosing from these five fund managers.
The equity-biased funds are marked in red, the balanced funds are marked with yellow shading, and the debt-biased funds are not marked. According to the order of the funds in the table at the beginning of the article, the performance of the A share since its establishment, as well as the past week and the past January , In the past March, in the past June, in the past 1 year, in the past 2 years, in the past 3 years, and this year, the growth rate is as follows. The rate of return in the past year is directly related to the stock position.
Data source: Oriental Fortune Choice data, data as of December 02, 2022
Displays information such as the proportion of institutions with Class A shares of these 12 funds, the shares held by employees of fund companies, the number of fund holders, and the return of fund managers. It is best to consider the proportion of institutions in combination with the size of the fund.
Data source: Oriental Fortune Choice data, data as of December 02, 2022
Here is a mention of the shares held by employees. Because it was announced in the mid-term report, it is not clear whether there has been any change. I assume that there has been no change. Multiply the data by the net value of the unit, and take the unit on December 2, 2022 Net worth, which can be converted to the amount held by the employee:
Xu Liming (Balance, Pension Target Date FOF Fund) is held by employees with 28.7908 million yuan;
Cai Zheng (partial debt, pension target risk FOF fund) is held by employees with 13.978 million yuan;
Zhang Gewu (partial debt, pension target risk FOF fund) was held by employees with 7.6905 million yuan;
Sang Lei (Balance, Pension Target Date FOF Fund) is held by employees with RMB 5,960,800;
Lin Guohuai (partial stock, pension target risk FOF fund) was held by employees with 5.8271 million yuan;
He Yizhi (balanced, pension target date FOF fund) is held by employees with 3.5793 million yuan;
Xu Liming (Balance, Pension Target Date FOF Fund) is held by employees with 2.5877 million yuan.
Finally, some overviews of the 10 fund companies involved in these 12 funds are given, sorted according to the size of the assets under management from large to small, except that Huashang Fund is a leading platform, and naturally they all have strength.
Data source: Oriental Fortune Choice data
Based on the factors selected in the article, you should have a more reliable choice in your mind. My articles are basically fund sorting notes, and the amount of information is relatively large. All the content is personal research, and it is easy to query and review. Please pay more attention to objective data.
Disclaimer: I do not recommend funds to readers. I only present some fund data objectively. The data is neutral. If you buy a fund because of my article, the decision is your own. It is your strength to make money. Don’t blame me for the money. Of course, I hope from the bottom of my heart that you can make money. Yield data are for reference only, past performance and trend style do not predict future performance, and do not constitute investment advice. Investors operate accordingly at their own risk. There are risks in the market, and there are risks in fixed investment, and investment needs to be cautious. @今日话题@蛋卷基金# Looking for you who love the fund# #雪球星计划公益者达人# @雪球创作者中心@球友福利@雪球基金
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