Core Insights - The report highlights the performance tracking of Guosen Securities' active quantitative strategies, indicating a significant adjustment in small-cap growth stocks, with the Growth Steady Portfolio achieving a year-to-date return of 48.45% [1][2][3] Performance Overview - The Excellent Fund Performance Enhancement Portfolio recorded an absolute return of -5.06% this week and 18.71% year-to-date, ranking in the 59.18th percentile among active equity funds [1][24] - The Exceeding Expectations Selected Portfolio had an absolute return of -5.67% this week and 33.39% year-to-date, ranking in the 26.72nd percentile among active equity funds [1][32] - The Broker Golden Stock Performance Enhancement Portfolio achieved an absolute return of -4.15% this week and 27.25% year-to-date, ranking in the 38.69th percentile among active equity funds [1][39] - The Growth Steady Portfolio saw an absolute return of -7.33% this week and 43.06% year-to-date, ranking in the 13.84th percentile among active equity funds [2][44] Strategy Summaries - The Excellent Fund Performance Enhancement Portfolio is constructed by benchmarking against active equity funds rather than broad indices, utilizing quantitative methods to select superior holdings [3][19] - The Exceeding Expectations Selected Portfolio is built by screening stocks based on exceeding expectations and analyst profit upgrades, focusing on both fundamental and technical criteria [4][25] - The Broker Golden Stock Performance Enhancement Portfolio is based on a selection of stocks from the broker's golden stock pool, optimized to minimize deviation from the benchmark [5][61] - The Growth Steady Portfolio employs a two-dimensional evaluation system for growth stocks, prioritizing those closer to earnings report dates and using multi-factor scoring for selection [6][40]

Core Insights - The report highlights the performance tracking of Guosen Securities' active quantitative strategies, indicating that the excellent fund performance enhancement portfolio achieved an absolute return of 3.70% this week and 17.22% year-to-date, ranking in the 49.35th percentile among active equity funds [1][12][23] - The report emphasizes the strong performance of the expected selection portfolio, which recorded an absolute return of 3.78% this week and 34.72% year-to-date, ranking in the 12.68th percentile among active equity funds [1][12][33] - The brokerage gold stock performance enhancement portfolio achieved an absolute return of 4.00% this week and 23.05% year-to-date, ranking in the 33.58th percentile among active equity funds [1][12][39] - The growth and stability portfolio reported an absolute return of 3.65% this week and 40.87% year-to-date, ranking in the 8.30th percentile among active equity funds [1][12][46] Excellent Fund Performance Enhancement Portfolio - The strategy aims to benchmark against the median return of active equity funds, utilizing a quantitative approach to enhance performance based on the holdings of top-performing funds [3][17][52] - The portfolio's year-to-date performance shows a relative underperformance of -3.26% compared to the mixed equity fund index [16][23] Expected Selection Portfolio - This strategy selects stocks based on expected performance and analyst profit upgrades, focusing on both fundamental and technical criteria to build a robust portfolio [4][24][58] - The portfolio has outperformed the mixed equity fund index by 14.24% year-to-date [16][33] Brokerage Gold Stock Performance Enhancement Portfolio - The strategy utilizes a selection from the brokerage gold stock pool, optimizing the portfolio to minimize deviations from the benchmark [5][34][63] - Year-to-date, this portfolio has outperformed the mixed equity fund index by 2.57% [16][39] Growth and Stability Portfolio - The strategy employs a two-dimensional evaluation system for growth stocks, prioritizing those with upcoming earnings announcements to capture potential excess returns [6][40][68] - The portfolio has achieved a year-to-date return of 40.87%, significantly outperforming the mixed equity fund index by 20.39% [16][46]

Core Insights - The report highlights the performance of various active quantitative strategies, indicating that the "Growth and Stability Portfolio" has achieved a year-to-date return of 33.13% [1][2] - The "Excellent Fund Performance Enhancement Portfolio" has shown an absolute return of 10.32% this year, ranking in the 45.63 percentile among active equity funds [1][2] - The "Expected Selection Portfolio" has outperformed the benchmark with a year-to-date return of 24.40%, ranking in the 11.53 percentile among active equity funds [1][2] - The "Brokerage Golden Stock Performance Enhancement Portfolio" has achieved a year-to-date return of 14.13%, ranking in the 31.39 percentile among active equity funds [1][2] Summary by Sections Excellent Fund Performance Enhancement Portfolio - The portfolio aims to outperform the median return of active equity funds by utilizing a quantitative approach based on the holdings of top-performing funds [3][19] - This week, the portfolio achieved an absolute return of 2.75%, with a year-to-date return of 10.32%, underperforming the benchmark by 0.31% [1][23] - The portfolio's ranking among active equity funds is 1583 out of 3469, placing it in the 45.63 percentile [1][23] Expected Selection Portfolio - This portfolio selects stocks based on expected performance and analyst profit revisions, focusing on both fundamental and technical criteria [4][24] - The portfolio achieved an absolute return of 3.68% this week and 24.40% year-to-date, outperforming the benchmark by 0.62% [1][33] - It ranks 400 out of 3469 in the active equity fund category, placing it in the 11.53 percentile [1][33] Brokerage Golden Stock Performance Enhancement Portfolio - The strategy utilizes a stock pool from brokerage recommendations, aiming to optimize the portfolio while minimizing deviations from the benchmark [5][34] - This week, the portfolio achieved an absolute return of 1.91%, with a year-to-date return of 14.13%, outperforming the benchmark by 1.67% [1][41] - The portfolio ranks 1089 out of 3469 in the active equity fund category, placing it in the 31.39 percentile [1][41] Growth and Stability Portfolio - The portfolio employs a two-dimensional evaluation system for growth stocks, prioritizing those with upcoming earnings announcements [6][42] - This week, the portfolio achieved an absolute return of 2.15%, with a year-to-date return of 29.61%, outperforming the benchmark by 17.15% [1][50] - It ranks 252 out of 3469 in the active equity fund category, placing it in the 7.26 percentile [1][50]

Core Viewpoint - The report tracks the performance of various active quantitative strategies by Guoxin Jinong, focusing on outperforming the median returns of actively managed equity funds, with strategies including "Excellent Fund Performance Enhancement Portfolio," "Expected Surprises Selection Portfolio," "Brokerage Golden Stocks Performance Enhancement Portfolio," and "Growth Stability Portfolio" [2][36]. Group 1: Performance Overview - The "Excellent Fund Performance Enhancement Portfolio" achieved an absolute return of 0.95% this week and 7.36% year-to-date, ranking in the 45.95 percentile among active equity funds [1][12]. - The "Expected Surprises Selection Portfolio" recorded an absolute return of 2.11% this week and 19.99% year-to-date, ranking in the 10.69 percentile among active equity funds [1][13]. - The "Brokerage Golden Stocks Performance Enhancement Portfolio" had an absolute return of 1.60% this week and 11.98% year-to-date, ranking in the 27.13 percentile among active equity funds [1][22]. - The "Growth Stability Portfolio" achieved an absolute return of 2.21% this week and 26.87% year-to-date, ranking in the 5.42 percentile among active equity funds [1][23]. Group 2: Strategy Summaries - The "Excellent Fund Performance Enhancement Portfolio" is constructed by benchmarking against the median returns of actively managed equity funds, utilizing quantitative methods to enhance performance based on the holdings of top-performing funds [4][36]. - The "Expected Surprises Selection Portfolio" selects stocks based on expected earnings surprises and analyst upgrades, focusing on both fundamental and technical criteria to build a portfolio of stocks with strong support [8][42]. - The "Brokerage Golden Stocks Performance Enhancement Portfolio" is based on a selection of stocks from brokerage recommendations, optimizing the portfolio to minimize deviations from the brokerage stock pool while aiming to outperform the ordinary equity fund index [15][47]. - The "Growth Stability Portfolio" employs a two-dimensional evaluation system for growth stocks, prioritizing stocks closer to their earnings announcement dates and using multi-factor scoring to select high-quality stocks [18][52].

Group 1 - The report highlights that the low valuation style is resilient, with the growth and stability combination ranking in the top 6% of active equity funds this year [1][2] - The report tracks the performance of various quantitative strategies, including the Excellent Fund Performance Enhancement Combination, which has an absolute return of 2.35% this year, ranking at the 46.01 percentile among active equity funds [1][3][23] - The report indicates that the Super Expected Selection Combination has achieved an absolute return of 12.67% this year, ranking at the 11.50 percentile among active equity funds [1][4][31] Group 2 - The Excellent Fund Performance Enhancement Combination aims to outperform the median return of active equity funds by utilizing a quantitative approach based on the holdings of top-performing funds [3][18][49] - The Super Expected Selection Combination is constructed by filtering stocks based on expected performance and analyst profit revisions, focusing on both fundamental and technical aspects [4][55] - The Broker Golden Stock Performance Enhancement Combination is designed to optimize stock selection from a broker's recommended stock pool, aiming to maintain alignment with the performance of active equity funds [5][60] Group 3 - The Growth Stability Combination has achieved an absolute return of 17.69% this year, ranking at the 5.88 percentile among active equity funds [2][39][43] - The report provides a detailed performance overview of various combinations, showing that the Excellent Fund Performance Enhancement Combination has a year-to-date return of 2.35%, while the Super Expected Selection Combination has a return of 12.67% [1][14][31] - The report emphasizes the importance of timing in growth stock investments, utilizing a two-dimensional evaluation system to maximize returns around earnings announcements [6][39][66]