Core Viewpoint - The recent announcement from Baoying Fund indicates the departure of Deng Dong from multiple bond funds, which may impact the management and performance of these funds moving forward [1][2][3][4] Fund Performance Summary - **Baoying Yingtai Pure Bond Fund**: - Established on June 20, 2018 - Year-to-date return: 1.41% (A), 1.32% (C) - Since inception return: 21.61% (A), 11.90% (C) - Cumulative net value: 1.2106 (A), 1.1763 (C) [1] - **Baoying Rongyuan Convertible Bond Fund**: - Established on September 4, 2019 - Year-to-date return: 21.25% (A), 21.03% (C) - Since inception return: 40.80% (A), 38.30% (C) - Cumulative net value: 1.4080 (A), 1.3830 (C) [1][2] - **Baoying Jufeng Two-Year Fixed Open Bond Fund**: - Established on September 27, 2019 - Year-to-date return: 1.53% (A), 1.34% (C) - Since inception return: 19.55% (A), 17.43% (C) - Cumulative net value: 1.1925 (A), 1.1717 (C) [2] - **Baoying Enhanced Income Bond Fund**: - Established on May 15, 2008 - Year-to-date return: -0.80% (A), -1.05% (B), 0.00% (C) - Since inception return: 156.18% (A), 129.77% (B) - Cumulative net value: 2.1390 (A), 2.0205 (B) [2][4] - **Baoying Xiangqing 9-Month Holding Mixed Fund**: - Established on August 3, 2021 - Year-to-date return: 0.77% (A), 0.50% (C) - Since inception return: -5.90% (A), -7.42% (C) - Cumulative net value: 0.9410 (A), 0.9258 (C) [2][4] - **Baoying Antai Short Bond Fund**: - Established on December 7, 2018 - Year-to-date return: 1.09% (A), 0.90% (C) - Since inception return: 23.45% (A), 21.01% (C) - Cumulative net value: 1.2286 (A), 1.2049 (C) [2][4] Management Changes - Deng Dong has been dismissed as the fund manager for multiple funds including Baoying Yingtai Pure Bond Fund, Baoying Rongyuan Convertible Bond Fund, Baoying Jufeng Two-Year Fixed Open Bond Fund, Baoying Enhanced Income Bond Fund, Baoying Xiangqing 9-Month Holding Mixed Fund, and Baoying Antai Short Bond Fund [1][3][4] - Other fund managers will continue to manage these funds alongside new appointments [3][4]