蜂巢丰瑞债券A基金经理变动：增聘李铮男为基金经理

Core Viewpoint - The announcement highlights the appointment of Li Zhengnan as a new fund manager for the Hengchao Fengrui Bond Fund (010084), effective December 2, 2025, alongside existing managers Li Lei and Li Haitao [1]. Group 1: Fund Manager Profile - Li Zhengnan is a Chinese national with a master's degree and is a CFA charterholder. He has experience in risk management and quantitative research in asset allocation and portfolio optimization [1]. - He joined Hengchao Fund in August 2019 and has held various managerial positions in different funds, including the Hengchao Hengli Bond Fund and the Hengchao Runhe Mixed Fund [1]. Group 2: Fund Performance - As of December 1, 2025, the net value of the Hengchao Fengrui Bond Fund was 1.8435, reflecting a 0.04% increase from the previous day and a 3.71% increase over the past year [1]. - The funds managed by Li Zhengnan have shown varying returns, with the Hengchao Hengli Bond A and C funds achieving a return of 7.07% since August 22, 2024, and the Hengchao Runhe Mixed Fund A and C achieving returns of 6.84% and 6.38%, respectively [1]. Group 3: Investment Strategy - In the second quarter of 2025, the Hengchao Runhe Mixed Fund A made a notable investment in Daotong Technology, purchasing at an average price of 41.42 and selling in the third quarter at an average price of 55.94, resulting in an estimated return of 35.06% [1].