- The "Style Rotation Fund Selection Strategy" is based on the dimensions of growth value and market capitalization, constructing an absolute active rotation indicator to identify whether a fund is a style rotation fund or a style stable fund. The strategy uses a semi-annual rebalancing approach, adjusting positions at the end of March and August each year, and the fund selection range includes equity-biased hybrid funds and ordinary stock funds, with transaction costs deducted[4][46][51] - The "Comprehensive Fund Selection Strategy Based on Fund Characteristics and Capabilities" constructs selection factors from multiple dimensions such as fund size, holder structure, fund performance momentum, stock selection ability, hidden trading ability, and gold content, and performs equal-weight synthesis. The strategy uses a quarterly rebalancing approach, adjusting positions at the end of January, April, July, and October each year, with transaction costs deducted[5][55][60] - The "Fund Selection Strategy Based on Trading Motivation Factors and Stock Spread Income Factors" combines the trading motivation factors of funds with the stock spread income factors from the fund's profit statement. The strategy aims to select funds with high stock spread income, active trading motivation, and low likelihood of performance manipulation. The strategy uses a semi-annual rebalancing approach, adjusting positions at the end of March and August each year, with transaction costs deducted[6][61][66] - The "Fund Manager Holding Network Trading Uniqueness Fund Selection Strategy" constructs a network based on the details of fund managers' holdings and transactions, and constructs an indicator of the uniqueness of fund managers' transactions. The strategy uses a semi-annual rebalancing approach, adjusting positions at the beginning of April and September each year, with transaction costs deducted[7][67][74] - The "Style Rotation Fund Selection Strategy" achieved a return of -0.08% in May 2025, with an excess return of -1.11% relative to the Wind equity-biased hybrid fund index[4][46][51] - The "Comprehensive Fund Selection Strategy Based on Fund Characteristics and Capabilities" achieved a return of 0.18% in May 2025, with an excess return of -0.88% relative to the Wind equity-biased hybrid fund index[5][55][60] - The "Fund Selection Strategy Based on Trading Motivation Factors and Stock Spread Income Factors" achieved a return of -0.96% in May 2025, with an excess return of -1.98% relative to the Wind equity-biased hybrid fund index[6][61][66] - The "Fund Manager Holding Network Trading Uniqueness Fund Selection Strategy" achieved a return of -0.06% in May 2025, with an excess return of -1.09% relative to the Wind equity-biased hybrid fund index[7][67][74]