2025年12月24日，国泰研究精选正式成立6周年。 费率设置，同甘共苦 作为当年的创新试点产品，国泰研究精选的费率设置比较特别，管理费0.8%/年，低于主流主动权益类 产品一般水平。 同时，国泰研究精选还将业绩与费用绑定，采用逐笔计提法提取业绩报酬，若单个基金份额持有人的单 笔份额在其持有期间的年化收益率超过业绩报酬计提基准（8%）时提取业绩报酬。 也就是说，这类产品很好的实现了基金经理和持有人的利益绑定，"同甘共苦"。 这种收费模式，可以 督促基金经理聚焦长期收益、深耕投研，力求跑赢业绩基准。 亮眼成绩单 作为市场首批浮动管理费基金，成立于2019年12月24日的国泰研究精选，展现出了优异的"攻守平衡"能 力：成立以来累计收益率164.70%，在首批6只浮动管理费基金中居首位，最大回撤排名第2。 放眼全市场，国泰研究精选同样优秀。最近1年同类排名跻身前8%，最近5年同类排名居前10%左右。 国泰研究精选两年持有期混合型证券投资基金（成立日期2019/12/24，业绩比较基准为80%×沪深300指 数+ 20%×中债综合指数收益，徐治彪自2019/12/24管理至今） 2020-2025年上半年净值增长/业 ...

Group 1 - The core viewpoint of the article is the launch of a new batch of floating fee rate funds, specifically the Guotai Quality Core Fund, which aims to align the interests of fund managers and investors through a performance-based fee structure [1][3]. - Floating management fee funds directly link management fees to fund performance, breaking the traditional fixed fee model and incentivizing managers to provide better returns for investors [2][4]. - The China Securities Regulatory Commission has issued a plan to promote the innovative development of public funds, supporting the introduction of more floating fee rate funds that encourage long-term holding and bind investor returns to fund performance [3][4]. Group 2 - The advantages of innovative floating fee rate funds include better alignment of interests between fund managers and investors, detailed fee structures that avoid uniform charging, and a focus on performance benchmarks to prevent style drift [4][5]. - Investors benefit from reduced costs and a fee structure that encourages long-term investment, while fund companies strengthen their commitment to fiduciary responsibility [5]. - Fund managers are motivated to enhance their performance, with a clear performance benchmark to guide their investment strategies [5]. Group 3 - There have been previous floating fee rate products in the market, with the first batch established in late 2019, including Guotai Research Select Fund, which has shown strong performance since its inception [6][7]. - Guotai Fund has significant experience in managing floating fee rate products, with a track record of achieving a 78% return since the establishment of the Guotai Research Select Fund [7]. Group 4 - When selecting innovative floating fee rate funds, investors should focus on the strength of the fund company and the fund manager, considering their investment capabilities and philosophies [9]. - Key factors to review include the specific details of management fees, performance benchmarks, investment scope, and disclosure of investor gains and losses [9]. Group 5 - The appointed fund manager, Li Hai, has 14 years of experience and a strong track record, with notable performance in managing various funds, including Guotai Jintai and Guotai Consumer Select [10][11]. - Li Hai's investment strategy emphasizes selecting high-quality companies with strong business models and management, focusing on safety margins and avoiding market fads [12][13]. - His approach includes deep research to identify undervalued companies and a concentrated stock selection strategy while diversifying across industries [14][16]. Group 6 - Li Hai has a positive outlook on the market, anticipating a recovery in the short term and a revaluation of core Chinese assets in the medium to long term, supported by the resilience of Chinese companies in the face of trade tensions [17]. - He plans to adopt an active investment strategy for the new fund, focusing on leading companies in the internet, electronics, consumer, and pharmaceutical sectors [17]. Group 7 - Guotai Fund has demonstrated strong performance in active equity investments, generating a total profit of 16.4 billion yuan for investors over the past six years, positioning itself among the top five public fund companies in terms of profitability [18]. - The fund company maintains a disciplined investment approach, prioritizing investor returns and focusing on long-term value creation [18]. Group 8 - The floating fee structure for the new fund includes a management fee of 1.2% for holdings under one year, with varying rates based on annualized returns for longer holding periods [19][20]. - The fee structure is designed to align the interests of fund managers and investors, with lower fees for better performance [19]. Group 9 - The fund's key details include a target investment in stocks of 60% to 95%, with a benchmark of the CSI 300 Index and other indices, aiming for returns that exceed the benchmark while managing risks [22].