Group 1 - The core viewpoint of the article is that the public fund industry is undergoing reforms to enhance investor satisfaction, exemplified by the launch of the innovative floating fee rate product, Yinhua Growth Smart Selection Mixed Fund, which aims to achieve risk-sharing and profit-sharing between fund managers and investors [1][8] Group 2 - The floating fee rate mechanism is triggered only after investors hold the fund for one year, with a fixed management fee of 1.2% per year for holdings less than one year, and a dynamic management fee ranging from 0.6% to 1.5% per year for longer holdings based on performance [3][4] - The fund's investment strategy includes a stock asset allocation of 60%-95%, with a maximum of 50% in Hong Kong Stock Connect stocks, and its performance benchmark is a combination of various indices [5][6] Group 3 - The fee structure is designed to encourage long-term investment behavior and reduce short-term trading frequency, thereby enhancing the overall profit experience for investors [4][8] - The management fee is directly linked to the fund's performance relative to its benchmark, incentivizing fund managers to maintain clear strategies and reduce style drift risk [5][6] Group 4 - The fee rate structure is based on excess returns, with lower fees applied when performance is significantly below the benchmark, and higher fees when excess returns are substantial, promoting a focus on alpha generation [7][8] - The dual floating fee mechanism aligns the interests of fund managers and investors, fostering a positive cycle of value creation and sharing [8]