Core Viewpoint - The article discusses the disparity between fund performance and investor returns, emphasizing the importance of aligning the two to regain investor trust in the fund industry [2][4]. Fund Performance Metrics - The article highlights two key performance indicators: "Fund Share Net Value Growth Rate" and "Weighted Average Net Value Profit Rate," which reflect the fund's profitability and overall investor returns, respectively [1][2]. - Data from the fund's performance reports shows fluctuations in these metrics over the years, with the fund share net value growth rate reaching 168.24% since inception, significantly outperforming the benchmark growth rate of 21.73% [3][8]. Fund Manager's Approach - Fund manager Jiang Cheng focuses on creating stable returns for investors, achieving a maximum drawdown of only 17.18% compared to the 45.60% drawdown of the CSI 300 index [4][5]. - Jiang emphasizes a conservative investment strategy, prioritizing low volatility and steady returns over short-term performance rankings [5][6]. Investor Communication - Jiang maintains high-frequency communication with investors, contributing investment notes and participating in live Q&A sessions to build trust and reduce information asymmetry [6][7]. - The average holding period for investors in Jiang's fund is approximately 782 days, indicating a higher level of investor patience and commitment [7]. Historical Performance Data - The fund's historical performance data shows varying net value growth rates from 2019 to 2025, with notable highs in 2019 (32.00%) and 2020 (41.78%), and a low in 2023 (-7.18%) [3][8]. - The introduction of a new share class (C shares) in July 2021 has also shown competitive performance, with a net value growth rate of 30.80% since inception [7][8].