Core Viewpoint - Guolian Fund has announced the liquidation report for the Guolian Ronghui Shuangxin One-Year Regular Open Bond Fund, which will terminate due to its net asset value falling below 50 million yuan as of September 12, 2025 [1]. Fund Overview - The Guolian Ronghui Shuangxin One-Year Regular Open Bond Fund was established on July 16, 2020, and is managed by Guolian Fund Management Co., Ltd. [1]. - The fund will enter the liquidation process starting September 13, 2025, without the need for a meeting of fund shareholders [1]. Financial Performance - As of November 11, 2025, the cumulative unit net value for the Guolian Ronghui Shuangxin One-Year Regular Open Bond A/C was 1.1700 yuan and 1.1466 yuan, with cumulative returns of 17.35% and 14.96% respectively [3]. - The fund's performance this year shows a growth of 1.80% for A shares and 1.51% for C shares, while the average return for similar funds is 6.68% [5][7]. Management Team - The fund is managed by Qian Wencheng and Han Zhengyu, with Qian having over 12 years of management experience and currently overseeing eight funds [8]. - Han Zhengyu has been with Guolian Fund since May 2020 and manages 20 fixed-income funds [9].

Group 1 - The fund is a bond-type fund, with a minimum investment in bonds of 80% of its assets, except for specific periods [7][22] - The fund primarily invests in asset-backed securities (ABS) and mortgage-backed securities (MBS), which are financial instruments that pay interest based on cash flows from underlying asset pools [9][22] - The fund operates on a rolling basis with closed and open periods, requiring investors to submit subscription and redemption requests during open periods [10][23] Group 2 - The fund does not charge subscription or application fees for Class C shares [17] - Operational fees will be deducted from the fund's assets, including transaction costs and estimated annual audit and disclosure fees [18][19] - The fund's performance is influenced by various risks, including market risk, credit risk, and liquidity risk [10][24]