Core Insights - Huafu Fund has achieved significant performance in its public offerings, particularly in "equity" products, following an upgrade of its "fixed income+" product system and proactive positioning in equity products [1][2] - The fund's strategic focus on artificial intelligence ETFs and humanoid robotics has resulted in impressive returns, with the Huafu Technology Momentum Mixed A yielding over 190% since the market rally began on September 24, 2024 [1] - The artificial intelligence ETF has also performed well, with returns exceeding 150%, and its latest scale approaching 8 billion yuan [1] Group 1: Equity Investment Performance - Huafu Fund has strategically invested in over ten thematic directions, including artificial intelligence, humanoid robotics, innovative pharmaceuticals, semiconductors, military industry, new energy, controllable nuclear fusion, and autonomous driving [1] - The Huafu IoT World Flexible Allocation Mixed A and Huafu Industrial Upgrade Flexible Allocation Mixed A have both achieved returns over 120% since the market rally began [1] Group 2: Fixed Income Investment Strategy - The fund has categorized its "fixed income+" products into different types based on volatility characteristics, setting corresponding return targets and drawdown standards [2] - The Huafu Anxin Bond A, categorized as high volatility, has yielded over 40%, while the Huafu Enhanced Return Bond has achieved over 15% since September 24, 2024 [2] - The Huafu Convertible Bond A, a convertible bond tool, has delivered returns exceeding 48% [2] Group 3: Product Innovation and Investor Engagement - Huafu Fund is exploring regular dividend distribution models to enhance investor satisfaction, with products like Huafu Rongsheng One-Year Holding Mixed and Huafu Jilu 90-Day Rolling Holding Bond having distributed dividends ten times this year [2] - The company's forward-looking strategy in equity and optimization in fixed income products have shown substantial effectiveness [2]

Core Viewpoint - Huafu Fund has demonstrated strong performance in both equity and fixed income products, with many funds achieving significant gains since the market rebound on September 24 last year [1][2][4] Equity Investment - Huafu Fund's proactive positioning in equity investments has led to impressive results, with the Huafu Technology Momentum Mixed A fund rising 218.68% and the AI ETF increasing by 169.76% since last year [2] - The AI ETF has surpassed 8 billion yuan in scale as of October 29, 2023, reflecting strong investor recognition [2] - The fund has strategically invested in over ten thematic directions, including artificial intelligence, humanoid robots, innovative pharmaceuticals, semiconductors, military industry, new energy, controllable nuclear fusion, and autonomous driving [2] Fixed Income Investment - Huafu Fund has categorized its fixed income plus products into different types based on volatility, setting specific return targets and drawdown standards for each category [3] - The Huafu Anxin Bond A fund has achieved a return of 26.84%, ranking in the top 3% of its category, while the Huafu Strengthened Return Bond has returned 9.17%, ranking in the top 9% [3] - The Huafu Convertible Bond A fund has also performed well, with a return of 33.78%, ranking in the top 22% of its category [3] Overall Strategy - The forward-looking strategy in equity and the optimization of fixed income products have proven effective for Huafu Fund [4] - The company aims to continue leveraging its professional research team to create sustainable long-term returns for investors [4]

Core Insights - Huafu Fund's public offerings have shown impressive performance in the third quarter of 2025, with multiple equity and "fixed income+" funds ranking in the top 10% of the industry for investment management capabilities over the past year [1][2] Group 1: Equity Investment - Huafu Fund has strategically focused on artificial intelligence ETFs since 2019, becoming one of the early fund managers to invest in this sector [1] - The Huafu Technology Momentum Fund has concentrated on humanoid robotics since Q4 2023, capitalizing on market opportunities [1] - The Huafu Technology Momentum Mixed A and the artificial intelligence ETF ranked first (1/219) and fourth (4/392) respectively among similar products over the past year [1] Group 2: Fund Performance - The artificial intelligence ETF has surpassed 8 billion yuan in scale as of October 29, 2025, reflecting strong investor interest [1] - Huafu Fund has diversified its product offerings across over 10 thematic directions, including artificial intelligence, humanoid robotics, innovative pharmaceuticals, semiconductors, new energy, and autonomous driving [2] - The Huafu IoT World Flexible Allocation Mixed A and Huafu Industrial Upgrade Flexible Allocation Mixed A ranked in the top 10% of similar products in the past year, focusing on the semiconductor and electronics sectors [2] Group 3: Fixed Income Investment - Huafu Fund categorizes its "fixed income+" products based on volatility characteristics and sets corresponding return targets and drawdown standards [2] - The Huafu Anxin Bond A, positioned as a high-volatility "fixed income+" product, ranked in the top 3% (13/499) among similar products over the past year [2] - The Huafu Enhanced Return Bond, categorized as a medium-volatility "fixed income+" product, ranked in the top 9% (23/266) among similar products [2]

Core Viewpoint - The capital market is undergoing profound changes, presenting both opportunities and challenges, particularly for fixed-income products as traditional guaranteed wealth management products lose appeal due to declining bank deposit rates [1] Group 1: Company Strategy and Product Development - Huafu Fund has been deeply engaged in the fixed-income sector for nearly 20 years, launching a diverse range of products to meet the stable investment needs of clients in a low-interest-rate environment [2] - The company has introduced the "Huafu Fixed Income Family" sub-brand, covering various product lines including money market funds, bond index funds, and mixed-asset funds to cater to different risk preferences [2][3] Group 2: Performance and Achievements - Several fixed-income products have shown outstanding performance, with the Huafu Jifeng 60-day short-term bond fund achieving a return of 11.20% over the past three years, significantly outperforming its benchmark [3] - The Huafu Enhanced Return Bond Fund and Huafu Anxin Bond Fund have ranked in the top 13% and top 4% of their respective categories over the past year, showcasing the effectiveness of the company's investment strategies [3] Group 3: Team and Investment Approach - The success of Huafu Fund is attributed to the efficient collaboration and specialization within its team, led by experienced professionals who excel in various investment areas [4] - The fixed-income team employs a disciplined investment approach, utilizing quantitative credit rating models and risk hedging tools to manage credit risk and minimize portfolio volatility [6] Group 4: Future Outlook and Commitment - In response to the growing demand for stable investment options, Huafu Fund is actively exploring absolute return strategies, aiming to provide clients with investment tools that offer consistent performance regardless of market conditions [5] - The company is committed to enhancing investor experience through regular product dividends and stable returns, reinforcing trust between the fund and its investors [7]