Core Viewpoint - The launch of E Fund's new floating-rate fund, E Fund Industry Select (A/C: 025824/025825), aims to help investors capitalize on emerging investment opportunities during industrial transformation and upgrade [2]. Fund Structure and Fee Model - The fund adopts a floating fee model, charging a management fee of 1.2% per year for investors holding shares for less than one year. For those holding shares for one year or more, the management fee varies based on annualized excess return: 1.50% if the return exceeds the benchmark by more than 6%, 0.6% if it underperforms the benchmark by 3% or more, and 1.2% for other scenarios. This model encourages long-term investment and aligns the interests of managers and investors [2]. Management Team - The fund will be co-managed by seasoned professionals Qi He and Fang Xincheng, whose complementary skills aim to capture excess returns. Qi He has 15 years of investment research experience, focusing on manufacturing investments, with four out of five funds under his management achieving over 50% returns in the past year. Notably, two funds he has managed for over five years have seen cumulative net value growth rates of 305.2% and 164.6%, significantly outperforming their benchmarks [3][4]. Market Context and Investment Strategy - The global industrial landscape is undergoing profound changes, with domestic industries related to new productivity flourishing. Increasingly, Chinese companies are expanding internationally, presenting a wealth of investment opportunities. The fund will focus on researching industrial policies, cycles, trends, and patterns, as well as company operations, financial metrics, and valuation levels, to select listed companies with competitive advantages in valuable industries, aiming for sustainable long-term returns for investors [3].