The first batch of 26 new floating-rate funds, issued on May 27 last year, is approaching their first anniversary, and their performance has drawn significant attention. Data shows that, since their inception, these funds have achieved an average return of 43%, with over 80% delivering positive returns. Among them, several products that precisely invested in the artificial intelligence (AI) technology sector have demonstrated outstanding performance. However, some funds have underperformed due to heavy exposure to low-valuation sectors, with their net asset values remaining below 1 yuan for an extended period. As innovative products with dynamically adjusted management fees, the performance of these 26 funds relative to their benchmark indices has been closely watched. Although some products have delivered impressive returns, they still underperformed compared to more flexible benchmarks. Public fund industry insiders point out that fee differentials are prompting fund companies to reallocate internal resources.