No, Huaan Growth Enterprise Market 5 Index Fund or Huaan Growth Enterprise Market 5ETF Fund are passive funds.

The so-called active and passive funds can be understood as follows: active funds refer to funds that actively pursue returns, so most of them rely on the management ability of fund managers to make corresponding decisions according to the ups and downs of the market, and increase their returns through stock selection, innovation and other means. These constituent stocks can be stocks of various industries, while passive investment is to follow the trend of the index, and the index will follow the gains, and the index will follow the losses. In addition, the stocks purchased can only be in the constituent stocks.

the target tracked by Hua' an kechuang 5ETF fund is the gem 5 index, which is an index composed of 5 stocks with the highest average daily turnover in the last six months as sample stocks of the gem 5. These 5 stocks are representative of GEM, and investors can judge the future ups and downs of the fund according to the trend of the index.