Core Viewpoint - The A-share market is experiencing short-term emotional cooling and index adjustment pressure as it enters February 2026, but the core drivers of the year-end rally remain unchanged, suggesting potential opportunities for new layouts post-Spring Festival until the Two Sessions [1] Fund Ratings and Performance - As of January 30, 2026, a total of 20 funds from Huian Fund received a five-star rating from Guotai Junan Securities, providing diverse asset allocation options for investors with different risk-return preferences [1] - The Huian Growth Preferred Mixed A/C fund achieved a three-year return of 99.53% and a five-year return of 57.20%, significantly outperforming its benchmarks [2] - The Huian Quantitative Pioneer Mixed A/C fund, focusing on the non-ferrous metals sector, also received five-star ratings for both three and five years [3] - The Huian Multi-Strategy Mixed A/C and Huian Multi-Factor Mixed A/C funds have both achieved over 100% returns since their inception, with respective returns of 116.53% and 108.25% [3] Fixed Income Performance - Several fixed-income products, including Huian Yongfu 90-Day Holding Period Short-Duration Bond A/C, received five-star ratings for three years, with the former achieving positive returns for 14 consecutive quarters since its inception [4] - The investment research team at Huian Fund suggests a cautious approach to the volatile non-ferrous metals sector and recommends strategic positioning during price corrections [4] - The bond market may see slight recovery due to previous declines and changes in macroeconomic conditions, with GDP growth expectations set between 4.5% and 5% for the year [4] Investment Strategy - The current short-term volatility presents a favorable opportunity for asset allocation upgrades, leveraging five-star rated funds to enhance investment success rates for the new year [5]

Core Insights - The report by Guotai Junan Securities provides a comprehensive performance ranking of fund companies in equity and fixed income assets for the first three quarters of 2025, helping investors optimize their asset allocation [1] Group 1: Fund Performance - Huian Fund ranks among the top 20 in absolute returns for pure bond funds over the past three years, specifically 17th out of 131 [1] - Over the last five years, Huian Fund's absolute return ranking for pure bond funds is 29th out of 118, and for the last seven years, it is 21st out of 86 [1] Group 2: Star Funds - Several funds under Huian Fund have received five-star ratings from Guotai Junan Securities, including Huian Jia Hui Pure Bond Fund A, Huian Yu He Pure Bond Fund A/C, and Huian Jia Sheng Pure Bond Fund A/C, all achieving this rating for both three and five years [2] - The Huian Yong Fu 90-Day Holding Period Short-Duration Bond Fund A/C has achieved positive returns for 13 consecutive quarters since its inception on May 10, 2022, making it a rare example of a "quarterly income" pure bond fund [2] Group 3: Company Philosophy and Market Outlook - Established in 2016, Huian Fund emphasizes a client-centric approach and long-term business platform, with a governance structure that prioritizes risk aversion and long-term benefits [3] - In a low-interest-rate environment, pure bond funds are viewed as a stabilizing asset class, and investors are encouraged to select strong-performing bond fund companies and products to enhance their investment experience [3]