Core Viewpoint - The market shows a strong interest in low-risk fixed-income assets, particularly pure bond funds, due to the current volatility in the stock market, leading to several new bond funds achieving maximum fundraising [1] Group 1: Fund Performance and Management - The newly launched Hua Bao Yi 90-Day Holding Period Bond Fund (Class A: 023292; Class C: 023293) is managed by Gao Wenqing, who has successfully managed the Hua Bao Short-Duration Bond Fund (Class A: 006947; Class C: 006948) since its inception [2] - The Hua Bao Short-Duration Bond Fund has achieved a 5-year return of 15.26%, with an annualized return of 2.9%, and has consistently delivered positive returns over the last five years [2] - Gao Wenqing has 15 years of experience in the securities industry and nearly 10 years in investment management, providing him with a unique understanding of monetary policy and market trends [4] Group 2: Fund Characteristics and Strategy - The Hua Bao Yi 90-Day Holding Period Bond Fund is a pure bond fund that does not invest in stocks or convertible bonds, thus avoiding stock market volatility [5] - The fund maintains a minimum of 80% in pure bond investments, with at least 50% of its credit bond assets in AAA-rated bonds [5] - A minimum holding period of 90 days is established to enhance fund manager efficiency and reduce the impact of short-term market fluctuations on investor psychology [5] Group 3: Market Context and Demand - With the continuous decline in risk-free returns and the recent drop in fixed deposit rates below 2%, traditional low-risk investment options are becoming less attractive [6] - In contrast, pure bond funds like Hua Bao Yi 90-Day Holding Period Bond Fund offer better yield potential while maintaining controllable risk, making them suitable for long-term financial planning [6] - Hua Bao Fund has a long-standing reputation in fixed income, with total assets under management reaching 198.7 billion yuan, and ranks in the top 1/8 of the industry for fixed income asset returns [5]