Xi Niu Cai Jing·2025-12-08 06:52Core Viewpoint - The Guotai Haitong Shanyuan Balanced Allocation One-Year Holding Mixed Fund (FOF) is undergoing liquidation due to its net asset value falling below 50 million yuan for 50 consecutive working days, as stipulated in the fund contract [2][3][4]. Fund Details - Fund Name: Guotai Haitong Shanyuan Balanced Allocation One-Year Holding Mixed Fund (FOF) [3] - Fund Code: Class A share code: 015129, Class C share code: 015130 [3] - Fund Operation Type: Contractual open-end [3] - Fund Contract Effective Date: September 29, 2025 [3] Liquidation Process - The fund will enter liquidation and terminate without the need for a shareholder meeting if the number of fund shareholders falls below 200 or if the net asset value drops below 50 million yuan for 50 consecutive working days [3][4]. - As of November 3, 2025, the fund's net asset value had been below 50 million yuan for the required period, prompting the management to initiate the liquidation process [4]. Fund Performance - The fund was established on July 20, 2022, with an initial subscription amount of approximately 210 million yuan, but by the end of Q3 2025, its net asset value had decreased to 47 million yuan [4]. - The fund's unit net value increased by 1.47% since inception, underperforming its benchmark by 12.26 percentage points; over the past year, it grew by 3.41%, lagging behind the benchmark by 2.88 percentage points [4]. - The top ten holdings of the fund include various ETFs and bond funds, with significant positions in Huatai Baoxing Anyue Bond C and E Fund [4]. Regulatory Issues - The fund's top securities issuer, Huaxia Fund, was ordered by the CSRC to rectify internal system deficiencies in March 2025, which may impact the fund's performance and management [4].