Core Viewpoint - The article highlights the strong performance of the GF Quantitative Multi-Factor Mixed Fund (005225), which has achieved a cumulative return of 109.93% since its inception on March 21, 2018, significantly outperforming its benchmark across various time frames [1]. Group 1: Fund Performance - The GF Quantitative Multi-Factor Fund has a high equity position of 91.75%, with a diversified portfolio that includes six stocks with a total market capitalization below 10 billion, accounting for 8.35% of the fund's net asset value [2]. - Over the past year, the GF Quantitative Multi-Factor Fund has outperformed the National Securities 2000 Index by 30 percentage points, achieving a return of 54.33% compared to the index's performance [2]. - The fund's monthly win rate against the National Securities 2000 Index is 81%, with an average monthly excess return of 1.20% since the current fund managers took over [3]. Group 2: Investment Strategy - The fund employs a dual-engine model combining traditional quantitative multi-factor models with advanced machine learning techniques to enhance factor discovery and integration [4][5]. - The fund managers utilize AI tools to identify hidden pricing patterns and improve the efficiency of alpha factor extraction, addressing the limitations of traditional models [5]. Group 3: Other Quantitative Funds - The article also discusses other quantitative funds under GF, such as the GF Multi-Factor Mixed Fund (002943), which has consistently outperformed major indices over the past seven years [6][7]. - GF has a diverse range of quantitative products, including Smart Beta strategies, which focus on small-cap style enhancement [7]. Group 4: Dividend and Value Strategies - The GF Stable Strategy Fund (006780) employs a combination of subjective and quantitative approaches to capture dividend opportunities, achieving a return of 25.93% in 2024, outperforming the benchmark by 7.17% [10]. - The GF High Dividend Preferred Fund (008704) focuses on high-dividend, low-valuation stocks, achieving a year-to-date return of 12.10%, significantly surpassing the performance of the benchmark indices [14][15].

Group 1 - The fund aims to achieve long-term capital appreciation by seeking investment returns that exceed the benchmark index through enhanced strategy [1][2] - The fund employs a quantitative multi-factor model to construct a stock portfolio, aiming for stable excess returns while controlling tracking error [2][10] - The fund's risk control targets include maintaining an average tracking deviation of less than 0.35% and an annual tracking error not exceeding 6.5% [2][10] Group 2 - As of the end of the reporting period, the fund's net asset value per share was 1.0425 yuan, with a net value growth rate of 4.24% [10][11] - The fund's performance benchmark is the return of the CSI 2000 Index, which had a return of 7.62% during the same period [10][11] - The fund's total shares outstanding at the end of the reporting period were 27,556,089 shares [4][11] Group 3 - The fund's investment portfolio consisted primarily of stocks, accounting for 91.79% of total assets, with a total value of approximately 27.29 million yuan [12][13] - The manufacturing sector represented the largest portion of the fund's investments, comprising 65.62% of the total asset value [12][13] - The fund did not hold any bonds or actively invest in stocks during the reporting period [12][13]

Group 1 - The Morgan CSI A500 Enhanced Strategy ETF, the first of its kind, officially launched on April 21, 2024, with a fundraising cap of RMB 2 billion, running until April 30, 2024 [1] - The Enhanced Strategy ETF combines active management and passive investment, aiming to effectively track the CSI A500 index while seeking to achieve superior investment returns through quantitative methods and strict risk control [1] - The CSI A500 index includes 500 securities with large market capitalization and good liquidity, reflecting the overall characteristics of representative listed companies across various industries [1] Group 2 - The CSI A500 index has an annualized return of 7.71% and an annualized volatility of 25.34% from December 31, 2004, to April 10, 2025, outperforming the CSI 300 index and exhibiting higher elasticity with lower volatility [1] - Morgan Asset Management's China Index and Quantitative Product Line is continuously improving, covering various product types including passive indices, Smart Beta, index enhancement, and active quant strategies [2] - As of December 31, 2024, Morgan Asset Management is the second-largest active ETF manager globally, with a total global ETF management scale of USD 226 billion (approximately RMB 1.6 trillion) [2]