Core Insights - The report highlights the performance of various fund indices, with the Shanghai Composite Index showing a year-to-date increase of 13.75% and the stock fund index rising by 22.90% [3][4] - The report emphasizes the strategic adjustments made to the fund's key holdings, focusing on active management equity products and fixed income plus varieties [5][6][11] Fund Key Pool Updates - The report lists 23 newly added active management equity products, including Huashang Upstream Industry A and Penghua China 50, among others [5][11] - Fixed income plus products include Jiao Yin Zeng Li Bond A and Jiao Yin An Xin Income A, while bond-type products feature Huazhang Zhongyue 60-Day Rolling Holding A and Jiahe Pantai Short Bond A [6][12][13] - The ETF category includes Hong Kong Stock Connect Internet ETF and Consumption ETF [7][14] Portfolio Operation Tracking and Adjustments - As of September 5, 2025, the monthly report portfolio has achieved a return of 14.93% with a maximum drawdown of -5.21% [8][29] - Adjustments made to the four major fund portfolios include increasing allocations to Hong Kong stocks and cyclical assets, optimizing the balance of products and bond types [8][29] - The report indicates that the portfolio's risk-adjusted returns are competitive compared to similar FOF products and indices [29]