Core Insights - The performance of Qianhai Kaiyuan Cycle Selected Mixed Fund A/C and C in October was notably poor, with returns of -15.61% and -15.65%, placing them at the bottom of the monthly mixed fund performance rankings [1][2] - Despite a strong A-share market in 2023, the cumulative return of Qianhai Kaiyuan Cycle Selected Mixed Fund was only 5% as of November 3 [2] - The Qianhai Kaiyuan Artificial Intelligence Theme Mixed Fund C also underperformed, with a cumulative return of -8.91% since its inception [2][3] Fund Performance - Qianhai Kaiyuan Cycle Selected Mixed Fund A/C has been managed by Wu Guoqing since its establishment on January 21, 2023, who has 10 years of management experience [1][2] - The fund's top holdings included gold and mining stocks in the first half of the year, but shifted entirely to the semiconductor sector in the third quarter, which still resulted in only a 23% quarterly increase [2] - The top holdings of Qianhai Kaiyuan Artificial Intelligence Theme Mixed Fund C included companies like Goertek and Rockchip, but it still recorded a negative return since inception [2][3] Fund Rankings - In the October mixed fund performance rankings, Qianhai Kaiyuan Cycle Selected Mixed Fund A/C and C ranked among the top six funds with the largest declines [4][5] - The specific rankings were as follows: Qianhai Kaiyuan Cycle Selected Mixed Fund C at -15.65%, Qianhai Kaiyuan Cycle Selected Mixed Fund A at -15.61%, and Qianhai Kaiyuan Artificial Intelligence Theme Mixed Fund C at -12.70% [5]