Lin Yingrui pointed out in the fund's third quarterly report in 2022 that the current market valuation is at the bottom of history, especially the assets represented by market value style have historical cost performance. Due to the emphasis on valuation, the Fund has been re-allocated with stocks with low P/B ratio all the year round, with balanced industry allocation and excellent fund risk control. Lin Yingrui is also one of the few fund managers who achieved positive returns in 2022.