Group 1: Company Overview - Fangzheng Fubon Fund is entering its 14th year, maintaining a dual strategy of equity and fixed income investments, focusing on deep research to empower investment decisions [1] - The company has successfully completed a leadership transition with the retirement of former Chairman He Yagang and the appointment of new Chairman Li Yan, indicating mature governance and continuity [1] Group 2: Fixed Income Strategy - The domestic economic environment and declining interest rates have created favorable conditions for a bond bull market, with Fangzheng Fubon leveraging this to enhance its fixed income business [2] - The Fangzheng Fubon Hongyuan bond fund utilizes a comprehensive approach to assess long-term interest rate trends and short-term market fluctuations, aiming to capture excess returns through duration and leverage strategies [2] - The Fangzheng Fubon Ruili fund focuses on a conservative strategy combining credit bonds and interest rate bonds, providing a better holding experience with lower drawdowns [2] Group 3: Performance Metrics - As of the end of Q1 this year, Fangzheng Fubon Fund's fixed income products achieved a return of 11.27% over the past three years, ranking 18th out of 150 in the industry, marking its entry into the top tier of fixed income investment [3] Group 4: Equity Investment Talent Development - Fangzheng Fubon Fund has established a "3+4+N" talent structure, including three chief investment officers and four mid-level experts, to enhance its equity investment capabilities [4] - The company has a diverse team of fund managers with various investment styles, focusing on fundamental analysis and value discovery [5][6] Group 5: Investment Philosophy - The investment philosophy emphasizes value discovery, avoiding speculative strategies and focusing on fundamental company and industry analysis [5] - The company has developed specialized index products to cater to different market environments, aiming to deliver excess returns to fund holders [6]