Core Viewpoint - The second batch of 12 new model floating management fee funds has been approved, expanding the product range to include industry-themed funds, which marks a shift from the first batch that focused on broad market stock selection [2][3] Group 1: Product Overview - The second batch includes industry-themed funds such as Huatai-PB Manufacturing Theme Mixed Fund and Orient Red Medical Innovation Mixed Fund, indicating a diversification in investment strategies [2][3] - The first batch of 26 new model floating management fee funds has been successfully established with a total issuance scale of 25.86 billion [3][4] Group 2: Fee Structure - The fee structure for the new model floating management fee funds is designed at a "single client, single share" level, with specific thresholds for performance-based fee adjustments [3] - For the first batch, the management fee is set at 1.5% when the annualized return exceeds the benchmark by 6%, and at 0.6% when it underperforms by 3% or more [3] - The second batch includes differentiated arrangements for management fee thresholds, with some funds raising the underperformance threshold to 2 percentage points [3] Group 3: Market Impact - The successful issuance of the first batch has created a demonstration effect, encouraging higher participation from investors, with over 260,000 effective subscriptions [4] - The initiative aligns with the "Action Plan for Promoting High-Quality Development of Public Funds," which aims to implement performance-based floating management fees for newly established actively managed equity funds [4]