周期成长基金池：年初表现亮眼

Group 1 - The core investment strategy focuses on identifying stocks within cyclical industries that can achieve sustainable growth independent of industry cycles, particularly in sectors like basic chemicals, machinery, and media [1][7] - The cyclical growth fund pool has shown a notable annualized return of 15.12% from February 7, 2014, to May 8, 2025, outperforming the equity fund index by 7.19% [1][8] - The fund pool's performance is influenced by market style shifts, with a balanced allocation across sectors and a recent increase in the pharmaceutical sector's weight while reducing exposure to consumer and manufacturing industries [1][18] Group 2 - The cyclical growth fund is defined by a significant proportion of growth stocks, with an average of over 60% in the top holdings, and at least 40% of the holdings being cyclical growth stocks [2][21] - The selected funds for the cyclical growth pool are characterized by strong trading capabilities and high management efficiency, with a focus on funds that have shown robust returns [2][22] - The cyclical growth fund pool's historical performance indicates a high level of alpha generation, particularly in growth-dominant market conditions from 2019 to 2021 and in the small-cap growth style in 2023 [1][13]