基金分析报告：长期成长基金池202602：超额收益稳中有升

Group 1 - The long-term growth investment strategy focuses on allocating to industries that can achieve sustained and stable profit growth over 5-10 years or longer, with representative sectors including food and beverage, and pharmaceuticals [10][11] - Selected long-term growth sectors are primarily concentrated in non-ferrous metals and electric power and public utilities [10] - The historical excess returns of the long-term growth fund pool have been stable, with an annualized return of 14.11% from February 7, 2014, to February 6, 2026, outperforming the equity fund index by 3.98% [13] Group 2 - The definition of long-term growth funds is based on the attributes of the held industries and stocks, requiring that growth stocks constitute an average of over 60% of the top holdings over the past year [22] - The screening of the long-term growth fund pool focuses on funds with strong profitability, higher management efficiency, and expected higher dividends [23] - The latest long-term growth fund pool includes funds such as Huaxia Consumption Upgrade A, Great Wall Brand Selection A, and Penghua Quality Growth A, with varying scales and returns [2][23] Group 3 - The long-term growth fund pool has shown strong industry allocation and stock selection capabilities, with a preference for large-cap and growth-oriented stocks [7] - The latest fund composition has significantly reduced holdings in cyclical, manufacturing, and pharmaceutical sectors, with approximately 86% of the portfolio allocated to consumer sectors [19][20] - The fund pool's performance has been affected by short-term fluctuations in the consumer sector, but it has demonstrated resilience during market downturns [13]