Core Insights - The article discusses the performance of certain mutual funds over the past year, particularly highlighting the West China Li De Strategy Preferred Mixed Fund A, which has underperformed the A-share market significantly [1]. Fund Performance - The West China Li De Strategy Preferred Mixed Fund A has recorded a loss of 2.05% over the past year, which is notably lower than the overall performance of the A-share market [1]. - As of September 26, the fund's year-to-date returns are -8.85% for Fund A and -9.41% for Fund C, with one-year returns of -10.33% and -10.91%, respectively, both trailing behind the average of similar funds and the CSI 300 index [1]. Management and Holdings - The fund is managed by veteran manager He Qi, who has extensive experience in the industry, having worked at various financial institutions since 2012 [3]. - The top ten holdings of the fund include major companies in the aviation and real estate sectors, such as China National Aviation, Binjiang Group, and several airlines, which have significantly impacted the fund's performance negatively [3].