Group 1 - The core point of the announcement is the second dividend distribution for the year 2025 by the China Merchants Jinling Fund Management Co., Ltd. for the "Jiaoyin Anxin Yield Bond Fund" [1] - The dividend distribution base date is September 9, 2025, and the cash dividend payment date is September 26, 2025 [1] - The dividend distribution plan includes specific amounts per 10 shares for different classes of the fund, with Class A and Class C receiving 1.09 yuan, Class D receiving 0.45 yuan, and Class E receiving 0.52 yuan [1] Group 2 - The eligible beneficiaries for the dividend are those who are registered as fund share holders on the equity registration date of September 24, 2025 [1] - Investors opting for dividend reinvestment will have their dividends converted into fund shares based on the net asset value after the ex-dividend date, with the reinvested shares available for inquiry and redemption starting September 26, 2025 [1] - According to relevant regulations, the fund's income distributed to shareholders is exempt from income tax, and there are no fees for the dividend distribution or for reinvestment of dividends [1]

Core Viewpoint - The public fund industry in China is experiencing a steady reduction in management and custody fees, benefiting investors by lowering their investment costs and enhancing their overall experience [1][4][5]. Group 1: Fee Reductions - Multiple leading public fund institutions, including E Fund, Huaxia Fund, and Penghua Fund, have announced reductions in management and custody fees for various fund products since May [1][2]. - Specific examples include E Fund reducing the management fee for its bond funds from 0.30% to 0.15% and from 0.35% to 0.30%, respectively [2]. - The number of products with management fees at or below 0.15% has reached 1009, indicating a significant trend in fee reductions across the industry [4]. Group 2: Impact on Different Fund Types - In addition to bond funds, several ETFs have also reduced their fees, with Penghua Fund lowering its management fee from 0.6% to 0.45% for its technology ETF [3]. - The management fee for Huaxia's gold industry ETF was reduced from 0.50% to 0.15%, showcasing a broader trend of fee reductions across various fund types [3]. Group 3: Industry Dynamics - The fee reduction trend is supported by regulatory guidance aimed at lowering investor costs and enhancing the quality of public fund offerings [5]. - Industry experts suggest that the fee reductions will lead to increased competition among fund managers, particularly affecting smaller firms that may struggle to maintain profitability [5][6]. - The emphasis on research and investment capabilities is seen as crucial for public fund institutions to thrive in a competitive environment, with a focus on delivering strong long-term performance to investors [6].