Group 1 - In 2025, 97% of the 8040 mixed funds had a net value increase, with 7805 funds showing positive performance [1] - The top-performing mixed funds included Yongying Technology Smart Selection Mixed Fund A/C, which achieved annual returns of 233.29% and 231.21% respectively [1] - The fund's total assets reached 11.52 billion yuan by the end of the third quarter of 2025, with a cumulative return of 279.02% since inception [1] Group 2 - The China Europe Digital Economy Mixed Fund A/C also performed well, with annual returns of 143.07% and 141.62% [2] - This fund focuses on five core investment areas, including AI infrastructure and domestic AI industry chains, and had total assets of 13.02 billion yuan by the end of the third quarter of 2025 [2] - The fund manager, Feng Ludan, has been with the company since 2016 and has held various roles before becoming the fund manager [2] Group 3 - On the downside, 11 mixed funds saw declines exceeding 15%, with Xinyuan Consumer Selection Mixed Fund A/C at the bottom with returns of -19.99% and -19.65% [2] - The fund has been managed by Jin Yaoqifan, who has experience in the food and beverage sector and joined Xinyuan Fund in 2022 [3] - Six of the fifteen worst-performing funds were from GF Fund, with declines ranging from -16.69% to -13.69% [3]

Core Insights - In the first eleven months of the year, 97.4% of the 8099 comparable mixed funds experienced a net value increase, with only 212 funds declining [1][2] - The top-performing mixed funds included Yongying Technology Smart Selection Mixed Fund A and C, achieving returns of 191.71% and 190.04% respectively [1][2] - The mixed fund with the largest decline was Xinyuan Consumer Selection Mixed Fund C/A, with a return of -19.83% [3] Fund Performance - Yongying Technology Smart Selection Mixed Fund A/C was established on October 30, 2024, and had a total asset size of 11.52 billion yuan as of the end of Q3 this year, with year-to-date returns of 197.78% and 196.05% [1] - The fund's cumulative net value reached 3.3768 yuan for A and 3.3540 yuan for C [1] - The top ten holdings of Yongying Technology Smart Selection Mixed Fund A/C focus on the global cloud computing industry [1] Other Notable Funds - Other mixed funds with returns exceeding 120% include Hengyue Advantage Selected Mixed Fund A (136.72%), AVIC Opportunity Navigation Mixed Fund A (135.34%), and others [2] - The China Europe Digital Economy Mixed Fund A/C, established on September 12, 2023, had a total asset size of 13.02 billion yuan and year-to-date returns of 126.68% and 125.43% [2][3] - The fund's cumulative net value was 2.8704 yuan for A and 2.8328 yuan for C, with a focus on AI infrastructure and applications [3] Declining Funds - Xinyuan Consumer Selection Mixed Fund C/A had the largest decline, with a return of -19.83% and a cumulative net value of 0.4919 yuan [3] - The top five declining funds were primarily from GF Fund, with declines ranging from -16.88% to -17.67% [3]