ClearAlpha September Monthly Report: Our Focus Diverged from the Market.

In the month of September, our fund achieved a monthly gain of +0.36%.

By comparison, the S&P 500 Index recorded a gain of +3.53% over the same period.

This month's performance highlights a divergence between our portfolio and the broader market. The S&P 500's gains were primarily driven by large-cap technology stocks and certain cyclical sectors. Our portfolio, however, prioritizes diversification and risk management, maintaining lower weightings in specific sectors, resulting in a more moderate overall return.

While our monthly performance lagged the broader market, we remain focused on achieving steady long-term growth. Our portfolio strategy may exhibit different rhythms from the market in varying conditions, which aligns with our investment philosophy: preserving capital stability while seeking reasonable returns over extended cycles.

September's review underscores that market momentum may concentrate in select sectors, and a diversified portfolio may not fully match the broader market's gains during such phases. Yet this also highlights the portfolio's value in maintaining relative stability amid volatility. We firmly believe such conditions are not the norm.

We will continue monitoring market conditions, reviewing our current holding structure, and seeking opportunities for further optimization in the coming months.