- The report introduces several active quantitative strategies launched by the Changjiang Quantitative Team since July 2023, including the Dividend Selection Strategy and the Industry High Winning Rate Strategy[6][13] - The "Dividend Quality" segment showed relatively active performance with a weekly average return of approximately 1.64%, indicating excess returns compared to pure dividend assets[6][16] - The "Central State-Owned Enterprises High Dividend 30 Portfolio" and the "Balanced Dividend 50 Portfolio" both outperformed the CSI Dividend Total Return Index this week, with excess returns of approximately 0.61% and 1.51%, respectively[6][22] - The "Balanced Dividend 50 Portfolio" achieved positive returns this week[6][22] - The "Electronic Balanced Allocation Enhanced Portfolio" and the "Electronic Sector Preferred Enhanced Portfolio" both achieved positive returns this week, although they did not outperform the electronic industry index[7][31] - The "Electronic Sector Preferred Enhanced Portfolio" had a weekly return of approximately 6.20%, outperforming the median of technology-themed fund products[7][31] Quantitative Models and Construction Methods 1. Model Name: Dividend Selection Strategy; Model Construction Idea: Focuses on selecting stocks with high dividend yields and quality; Model Construction Process: The strategy involves screening stocks based on dividend yield, payout ratio, and other fundamental factors to construct a portfolio that aims to provide stable and high returns; Model Evaluation: The strategy has shown to provide excess returns compared to pure dividend assets[6][13][16] 2. Model Name: Industry High Winning Rate Strategy; Model Construction Idea: Focuses on selecting stocks within high-performing industries; Model Construction Process: The strategy involves identifying industries with strong performance and selecting stocks within those industries based on various fundamental and technical factors; Model Evaluation: The strategy aims to provide alternative perspectives and investment choices for investors by tracking market hotspots and selecting individual stocks within high-performing industries[6][13] Model Backtesting Results 1. Dividend Selection Strategy, Excess Return: 1.64%[6][16] 2. Central State-Owned Enterprises High Dividend 30 Portfolio, Excess Return: 0.61%[6][22] 3. Balanced Dividend 50 Portfolio, Excess Return: 1.51%[6][22] 4. Electronic Sector Preferred Enhanced Portfolio, Weekly Return: 6.20%[7][31] Quantitative Factors and Construction Methods 1. Factor Name: Dividend Quality; Factor Construction Idea: Focuses on stocks with high dividend quality; Factor Construction Process: The factor involves screening stocks based on dividend yield, payout ratio, and other fundamental factors to identify stocks with high dividend quality; Factor Evaluation: The factor has shown to provide excess returns compared to pure dividend assets[6][16] 2. Factor Name: Industry Performance; Factor Construction Idea: Focuses on stocks within high-performing industries; Factor Construction Process: The factor involves identifying industries with strong performance and selecting stocks within those industries based on various fundamental and technical factors; Factor Evaluation: The factor aims to provide alternative perspectives and investment choices for investors by tracking market hotspots and selecting individual stocks within high-performing industries[6][13] Factor Backtesting Results 1. Dividend Quality Factor, Weekly Average Return: 1.64%[6][16] 2. Industry Performance Factor, Weekly Return: 6.20%[7][31]