（2）本基金开放赎回业务的时间将另行公告。基金份额最短持有期届满后的下一个工作日起，基金份 额持有人方可就相应基金份额提出赎回申请。基金管理人自基金合同生效之日3个月后的月度对日起开 始办理赎回，具体业务办理时间在赎回开始公告中规定。因不可抗力或基金合同约定的其他情形致使基 金管理人无法在基金合同生效之日3个月后的月度对日按时开始办理赎回业务的，基金管理人自不可抗 力或基金合同约定的其他情形的影响因素消除之日起的下一个工作日起开始办理赎回。 ■ 注：（1）本基金每份基金份额的最短持有期为3个月。最短持有期内不可办理赎回业务。 登录新浪财经APP 搜索【信披】查看更多考评等级 1 公告基本信息 2 申购、定期定额投资业务的办理时间 本基金定于2025年12月31日起的每个开放日（本公司公告暂停相关业务的除外）开放日常申购和定期定 额投资业务。 2.1基金运作方式 本基金每个开放日开放申购，但投资人每笔认购/申购的基金份额需至少持有满3个月，在3个月最短持 有期内不能提出赎回申请。 对于每份基金份额，最短持有期指从基金合同生效日（含）（对认购份额而言，下同）或基金份额申购 确认日（含）（对申购份额而言，下同）起至 ...

Group 1 - The market is experiencing growth, leading to increased discussions online about investment opportunities [1] - Platforms like Reddit are becoming popular venues for conversations regarding stocks, funds, and ETFs that may drive future performance [1]

Core Insights - Hainan Xiwa, a private equity fund management company, is celebrating its ten-year anniversary by gifting mobile phones to investors who bought its fund in 2015, highlighting the journey of investors over the past decade [2] - The average return for public funds that have been established for over ten years is 93.4%, with an average annualized return of 6.1%, indicating a generally positive performance despite market fluctuations [3][4] - A significant number of funds have shown strong performance, with 97.2% of funds established for over ten years reporting positive cumulative returns [3] Fund Performance Overview - As of September 26, 2025, the top-performing fund, Huashang New Trend Preferred, achieved a return of 649.2% over the past decade, with an annualized return of 22.3% [6][7] - The performance of various fund types shows that equity funds have outperformed others, with mixed equity funds rising by 123.3% and stock index funds by 99.1% over the past ten years [4][5] - Conversely, bond funds and money market funds have lower returns, with bond funds increasing by 40.7% and money market funds by 23.2% [4][5] Underperforming Funds - Despite the overall positive trend, 58 funds have recorded losses over the past decade, with the worst performer, China Merchants CSI 300 Real Estate A, showing a loss of 48.2% [8][9] - Several funds that were once large in scale have also underperformed, with losses ranging from 1.3% to 25% over the same period [8][9] - Frequent changes in fund managers and high turnover rates in holdings have been identified as contributing factors to the poor performance of some funds [9]