Core Viewpoint - The FOF (Fund of Funds) is experiencing significant growth due to the increasing demand for wealth management among residents and the acceleration of an aging society, leveraging its advantages in professional allocation, risk diversification, and suitability for retirement [1] Group 1: Investment Strategy - The Minsheng Jianyin FOF team emphasizes that the essence of asset allocation is managing expectations and risks, aiming to enhance returns while controlling volatility through dynamic adjustments of stock and bond ratios and selecting sub-funds with strong excess return capabilities [1] - The team encourages investors to establish reasonable return expectations and avoid chasing short-term trends, exemplified by the Minsheng Jianyin Kangning Stable Retirement Target One-Year Holding Period Mixed (FOF) A, which has provided consistent returns since its inception in 2019 [1] Group 2: Performance Metrics - As of the second quarter, the Minsheng Jianyin Kangning Stable Retirement Target One-Year Holding Period Mixed (FOF) A ranks 8th out of 81 and 9th out of 70 in its category for the past one and two years, respectively, according to data from Galaxy Securities [1] - The fund's net value growth rate over the past year is 8.35%, outperforming the performance benchmark during the same period [1] Group 3: Future Outlook - The asset allocation strategy will focus on two main lines: high-dividend assets as a base to match absolute return investment goals, and technology growth sectors, which currently show a rare degree of prosperity and long-term potential under favorable policies and industry trends [2] - The team stresses that tactical views should not dominate investment strategies; rather, a long-term balanced strategic allocation is essential for achieving consistent performance [2] Group 4: Historical Performance - The Minsheng Jianyin Kangning Stable Retirement Target One-Year Holding Period Mixed (FOF) has shown varying annual returns since its establishment, with a cumulative net value growth rate of 24.93% against a benchmark of 28.69% since inception [3] - The fund's annual returns from 2020 to 2024 are as follows: 14.23% vs. 9.16%, 0.79% vs. 3.15%, -6.06% vs. -3.09%, -0.71% vs. 0.98%, and 4.02% vs. 10.73% [3]