According to the CITIC Securities Research Report, in the third quarter of 2026, the fund's stock position fell to its lowest level since 2023, and the fund's shareholding concentration declined somewhat. In the section, the main board was added, and the GEM board and the science and technology innovation board were reduced. In terms of industry, the top 5 industries with the highest allocation ratio are electronics, communications, pharmaceuticals, machinery and power equipment, and new energy; the five industries with the lowest allocation ratio are comprehensive finance, general, consumer services, trade and retail, and steel; the overall TMT allocation ratio fell from 62.3% in the second quarter to 53.8% in the third quarter. The allocation ratio of electronics and communications has declined markedly, but the allocation ratio is still at an all-time high, and the overallocation ratio is also significantly higher than in other industries; pharmaceuticals have been drastically increased, while dividend sectors such as banking, coal, and electricity have also increased a lot; and the allocation ratio for domestic consumer sectors such as food and beverage, trade and retail, and consumer services is at the bottom of history.

According to the CITIC Securities Research Report, in the third quarter of 2026, the fund's stock position fell to its lowest level since 2023, and the fund's shareholding concentration declined somewhat. In the section, the main board was added, and the GEM board and the science and technology innovation board were reduced. In terms of industry, the top 5 industries with the highest allocation ratio are electronics, communications, pharmaceuticals, machinery and power equipment, and new energy; the five industries with the lowest allocation ratio are comprehensive finance, general, consumer services, trade and retail, and steel; the overall TMT allocation ratio fell from 62.3% in the second quarter to 53.8% in the third quarter. The allocation ratio of electronics and communications has declined markedly, but the allocation ratio is still at an all-time high, and the overallocation ratio is also significantly higher than in other industries; pharmaceuticals have been drastically increased, while dividend sectors such as banking, coal, and electricity have also increased a lot; and the allocation ratio for domestic consumer sectors such as food and beverage, trade and retail, and consumer services is at the bottom of history.