鹏华共赢未来混合基金6月3日发行：强化与投资者利益绑定，同频共振

Core Viewpoint - The approval of Penghua Win-Win Future Mixed Fund marks a significant shift in the public fund industry towards performance-based floating fee structures, emphasizing fairness in fee structures and alignment of interests between fund managers and investors [1][2]. Group 1: Floating Fee Structure - The new floating fee model is based on performance benchmarks, allowing for a dual-directional fee adjustment depending on fund performance relative to set benchmarks [2][3]. - The management fee consists of a "basic management fee + excess management fee," which varies based on holding period and return levels [2]. - If fund shares are held for less than 365 days, only the basic management fee is charged; if held for 365 days or more, the management fee can decrease if performance is below the benchmark [2][3]. Group 2: Impact on Investor Behavior - The floating fee structure encourages long-term holding by investors, reducing impulsive trading behaviors [3]. - It compels research and investment teams to adopt a more rigorous approach in selecting assets and optimizing allocations [3]. Group 3: Industry Transformation - The new model shifts the focus from scale to return, creating a virtuous cycle of good performance leading to good products and development [3]. - It emphasizes the importance of performance benchmarks, ensuring transparency and accountability in fund management [3]. - The open management model balances the need for long-term investment with liquidity management [3]. Group 4: Commitment to Trust - The innovation in the floating fee mechanism addresses issues of investor satisfaction and trust within the asset management industry [3]. - Penghua Fund's approach represents a new paradigm of a shared interest community, committing to "creating returns for trust" [3].