Core Insights - Active management funds have shown outstanding performance in a rapidly rotating structured market, leveraging flexibility, stock selection, and balanced allocation [1] - Hengyue Fund has achieved significant returns with six of its ten actively managed equity funds showing a net value growth rate exceeding 50% over the past year, placing them in the top 20 of their category [1] - Hengyue Advantage Selection Fund has recorded a remarkable 92% increase in net value over the past year, ranking in the top 5% of its peers [1] Performance Metrics - As of August 13, there are 335 equity hybrid funds with a growth rate exceeding 60% in the past year, with three funds from Hengyue Fund included [1] - Among 79 funds with a growth rate over 90%, one fund from Hengyue Fund is represented [1] - Many top-performing funds focus on niche themes such as the Beijing Stock Exchange, innovative pharmaceuticals, and AI, while Hengyue's products are primarily broad-based stock selections [1] Fund Strategy - Hengyue Fund emphasizes active management since its inception, utilizing the expertise of its research team to create a diverse product system [1] - The active equity funds under Hengyue Fund have distinct characteristics: Hengyue Advantage Selection and Hengyue Growth Selection focus on high elasticity growth, capturing investment opportunities in AI computing power and optical modules [1] - Hengyue Blue Chip Selection and Hengyue Core Selection are designed for stable growth, balancing investments in domestic alternatives and controllable supply chains, while strictly managing drawdowns [1] - Hengyue Research Selection targets traditional value sectors such as chemicals and infrastructure [1]