Group 1 - The core viewpoint of the article emphasizes that the active equity funds in the A-share market have shown superior long-term performance compared to broad-based indices, with a recovery in market sentiment leading to a gradual opening of excess return opportunities for active equity funds since 2024 [1][2][3] - The growth style has received favorable conditions, making active equity funds the preferred choice for allocation, as the macro environment is shifting towards a more favorable phase for growth styles [4][5] - It is challenging to consistently outperform the median of active equity funds, and only a few funds have managed to achieve this stability over the years, which is worth investors' attention [9][12][34] Group 2 - The Zhongyin Quantitative Stock Selection Fund has demonstrated robust excess returns relative to the Wind Mixed Equity Fund Index, achieving an excess return of 3.18% in 2025, with a maximum drawdown of only 4.13% and an annualized tracking error of 5.44% [17][19][35] - The fund's tracking error is low, and its performance ranking is stable, with an average rolling three-month annualized tracking error of 5.26% and a daily return correlation coefficient of 0.96 with the benchmark [21][22][35] - The fund exhibits strong drawdown control capabilities, ranking in the top 0.5% for relative maximum drawdown among all active equity funds, and its return-to-drawdown ratio is in the top 30% [22][35] Group 3 - The Zhongyin Quantitative Stock Selection Fund has a diversified portfolio with a low concentration of holdings, aligning with the preferences of active equity funds, particularly in sectors like electronics, machinery, and new energy [26][29][36] - The fund's style leans towards growth, momentum, and mid-cap stocks, reflecting a strategic focus on high-growth potential sectors [29][37]