NewTimeSpace News:As of 14:27 on March 4, 2026, the CSI Livestock and Poultry Breeding Index (930707) rose 0.45%. Among its constituent stocks, Beijing Dabeinong Technology Group Co., Ltd. gained 3.07%, Shenzhen Jinxinnong Feed Co., Ltd. rose 2.41%, Ningxia Xiaoming Poultry Industry Co., Ltd. advanced 2.02%, Fujian Sunner Development Co., Ltd. increased 1.99%, and China Animal Husbandry Industry Co., Ltd. went up 1.77%. TheGuotai CSI Animal Husbandry ETF (159865) rose 0.48% to a latest price of 0.63 yuan. Over a longer timeframe, as of March 3, 2026, theGuotai CSI Animal Husbandry ETF had a cumulative increase of 1.45% in the past week, ranking second among four comparable funds in terms of gains. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

In terms of liquidity, theGuotai CSI Animal Husbandry ETF recorded an intraday turnover rate of 2.37% with a trading volume of 112 million yuan. As of March 3, its average daily trading volume in the past year reached 162 million yuan, ranking first among comparable funds.

In terms of scale, theGuotai CSI Animal Husbandry ETF saw a significant growth of 368 million yuan in the past six months, with the newly added scale ranking second among four comparable funds. (Data source: Wind)

In terms of shares, theGuotai CSI Animal Husbandry ETF witnessed a notable increase of 660 million shares in the past six months, with the newly added shares ranking second among four comparable funds. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. The latest margin purchase volume of theGuotai CSI Animal Husbandry ETF reached 8.2053 million yuan, with the latest margin balance standing at 96.3455 million yuan. (Data source: Wind)

As of March 3, the net asset value of theGuotai CSI Animal Husbandry ETF had risen 13.97% in the past year. In terms of profitability, as of March 3, 2026, since its establishment, the ETF has achieved a maximum monthly return of 17.72%, a longest streak of 4 consecutive monthly gains with a cumulative increase of 17.64%, and an average return of 4.54% in rising months. As of March 3, 2026, theGuotai CSI Animal Husbandry ETF had an annualized excess return of 1.50% over the benchmark in the past year.

As of February 27, 2026, the one-year Sharpe ratio of theGuotai CSI Animal Husbandry ETF was 1.14.

In terms of drawdown, as of March 3, 2026, theGuotai CSI Animal Husbandry ETF had a maximum drawdown of 3.89% since the start of the year and a relative benchmark drawdown of 0.11%, indicating a relatively low drawdown risk among comparable funds.

In terms of fees, theGuotai CSI Animal Husbandry ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of March 3, 2026, theGuotai CSI Animal Husbandry ETF posted a tracking error of 0.010% in the past two months, boasting the highest tracking accuracy among comparable funds.

TheGuotai CSI Animal Husbandry ETF closely tracks the CSI Livestock and Poultry Breeding Index, which selects securities of listed companies engaged in businesses such as livestock and poultry feed, livestock and poultry pharmaceuticals, and livestock and poultry breeding as its samples, so as to reflect the overall performance of listed companies related to the livestock and poultry breeding industry.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI Livestock and Poultry Breeding Index (930707) were Haida Group, Muyuan Foods Co., Ltd., Wens Foodstuff Group Co., Ltd., Zhengbang Technology Co., Ltd., Meihua Biology Technology Co., Ltd., New Hope Liuhe Co., Ltd., Inner Mongolia Biological Technology Co., Ltd., Beijing Dabeinong Technology Group Co., Ltd., Fujian Sunner Development Co., Ltd., and Jiangsu Lihua Animal Husbandry Co., Ltd., accounting for a total of 66.76% of the index weight. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

Changjiang Futures stated that the hog production capacity accelerated to shrink from September to December 2025, corresponding to a gradual tightening of supply from July to October, which supported the price uptick. However, the stock of breeding sows in December still remained above the equilibrium level. Coupled with the continuous cost reduction in the industry and the supply delay caused by consistent market expectations, we hold a cautious view on the upward potential of hog prices and advise focusing on the progress of production capacity reduction.

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