A seven-year track record serves as both a measure of time and a definitive test of investment capability. According to fund evaluation agency data as of June 30, 2026, Huashang Fund ranked an impressive 4th out of 128 comparable firms for absolute returns from actively managed equity funds over the past seven years, while its actively managed fixed income funds secured the number one position out of 116 comparable firms. This seven-year measurement window fully encompasses multiple market cycles and style rotations in the A-share market, demonstrating remarkable endurance amid complex and shifting conditions. By ranking among the top tier in both equity and fixed income arenas simultaneously, the firm has earned its reputation as a standout long-distance runner in investment.
This balanced excellence in stocks and bonds is no coincidence. It stems from the firm's unwavering commitment to treating active management as its lifeline for over two decades. The achievement reflects sustained development of a platform-based, integrated, and multi-strategy research and investment framework, orderly succession in investment culture and talent cultivation, and continuous refinement of methodologies centered on deep research driving investment decisions. These elements collectively form the foundation supporting the firm's stable long-term performance.
Data indicates that as of June 30, 2026, Huashang Fund has cumulatively distributed dividends of 31.453 billion yuan to holders since inception, while generating total investment returns of 103.739 billion yuan. These figures represent a remarkable report card after navigating through multiple cycles with long-term principles, translating the firm's research capabilities into tangible benefits credited to unitholder accounts.
Recognizing these outstanding achievements, Huashang Fund secured the top AAAAA rating in the comprehensive three-year fund manager assessment by TX Investment Consulting in its second quarter 2026 report. The firm also received the highest AAAAA grade in both the three-year active equity and hybrid fund rating and the three-year active bond fund rating. Additionally, at the end of 2025, the firm received the industry-recognized Golden Bull Fund Company Award for Active Equity Investment. These honors attest to the firm's commitment to high-quality development, prioritizing unitholder interests, and continuously enhancing investor satisfaction.
As the public fund industry enters a new phase of deepening reforms and enhancing quality, Huashang Fund will continue strengthening its core active management capabilities. Leveraging its substantial expertise and steady, professional research strengths, the firm aims to identify the most dynamic companies amid economic development and industrial transformation, striving to deliver sustainable, long-term stable returns for its investors.
Data notes: Fund company rankings and absolute return data were released by evaluation agency Guotai Haitong Securities in July 2026, with figures as of June 30, 2026, evaluated per the Interim Measures for the Evaluation of Securities Investment Fund Business. Fund NAVs are published after verification by custodians. Absolute returns represent weighted net value growth rates of actively managed funds based on assets under management during the period. Active equity funds include active equity open-end, aggressive hybrid, partial equity hybrid, balanced hybrid, flexible hybrid, flexible strategy hybrid, and active hybrid closed-end funds, excluding index funds, lifecycle hybrid, partial bond hybrid, Hong Kong flexible strategy hybrid, Hong Kong partial equity hybrid, Hong Kong aggressive hybrid, and QDII funds. Active fixed income funds include pure bond, pure bond closed-end, quasi-bond, quasi-bond closed-end, partial bond, partial bond closed-end, convertible bond, and short-duration bond funds, excluding money market funds, wealth management bond funds, amortized cost method bond funds, and index bond funds. AAAAA ratings were released by TX Investment Consulting in July 2026, with three-year rating data as of June 30, 2026, per the Interim Measures. TX comprehensive ratings are based on analysis of basic strength, investment management capability, and company stability (including compliance), ranked from AAAAA to A levels. Active equity and hybrid funds span five subcategories: aggressive equity, partial equity hybrid, flexible allocation hybrid, balanced allocation hybrid, and partial bond hybrid. Active bond funds include pure bond, mixed bond, and convertible bond subcategories. The Golden Bull Fund Company Award for Active Equity Investment was granted by China Securities Journal in December 2025. Dividend data comes from Huashang Fund, investment return data from Galaxy Securities compiled by the firm, as of June 30, 2026.
Risk disclosure: The above content does not constitute investment advice. Fund managers commit to managing fund assets with honesty, diligence, and prudence, but do not guarantee profits or minimum returns. Past performance does not indicate future results, and performance of other funds managed by the same firm does not guarantee performance of any specific fund. Investors should carefully read fund contracts, prospectuses, and fund fact sheets before purchasing. Market risk exists; fund investment requires caution. Investors are advised to select products matching their risk tolerance and investment objectives.