2025年12月31日，是大部分参公大集合产品转型的最后期限。但在最后时刻，仍有少数产品宣布延长存 续期限。 大集合产品多为货币型或债券型产品，也有少量偏股混合型产品或偏债混合型产品等。中国证券报记者 关注到，多只货币型大集合产品转型为公募基金后，管理费年费率并未适时调降，仍高达0.9%，7日年 化收益却仅有0.7%左右，管理费与收益率倒挂现象引发了一定争议。 部分产品打"延期牌" ● 本报记者 张舒琳 2025年底，存续的券商参公大集合产品陆续到期，多数转型为公募产品，部分走向清盘。不过，也有少 数产品打出"延期牌"，将存续期延长至2026年一季度或年中。据了解，这些产品希望通过与基金公司的 合作，变更为公募产品。过去一年，不少基金公司因"收编"大集合产品而获得了可观的增量规模。 例如，粤开现金惠货币型集合资产管理计划近日发布延长存续期限并修改资产管理合同、招募说明书的 公告，决定将该集合计划的存续期限由原来的2025年12月31日延长至2026年3月31日。自2026年3月31日 后，按照中国证监会相关规定执行。据了解，为充分保护份额持有人的利益，现有管理人已与永赢基金 协商一致，共同推动将管理人变更为永 ...

Core Viewpoint - The board of directors of GF Securities Asset Management (Guangdong) Co., Ltd. guarantees that the quarterly report of the collective asset management plan contains no false records, misleading statements, or significant omissions, and they assume individual and joint responsibility for the authenticity, accuracy, and completeness of its content [1] Group 1: Asset Management Plans - The report includes 12 completed collective asset management plans that have undergone contract changes, which are operated similarly to public offerings [1] - The full report for the first quarter of 2025 will be disclosed on April 21, 2025, on the company's website and the China Securities Regulatory Commission's fund electronic disclosure website for investor reference [1] - The asset management plans listed include various types such as bond-type, mixed-type, and fund of funds (FOF) plans, indicating a diverse investment strategy [1] Group 2: Management Commitment - The asset management company commits to managing and utilizing the collective plan assets with honesty, diligence, and responsibility, but does not guarantee profits or minimum returns [1] - Investors are advised to fully understand the risk-return characteristics of the collective plans and to make prudent investment decisions [1]

Core Viewpoint - The board of directors of GF Securities Asset Management (Guangdong) Co., Ltd. guarantees that the annual report of the collective asset management plan does not contain false records, misleading statements, or significant omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content [1]. Group 1 - The company has completed the contract changes for the collective asset management plans, which are operated similarly to public offerings [1]. - A total of 12 collective asset management plans are listed, including various types such as bond-type and mixed-type plans, with specific holding periods [3]. - The full annual report for these 12 collective asset management plans will be disclosed on the company's website and the China Securities Regulatory Commission's fund electronic disclosure website on March 28, 2025 [1][3]. Group 2 - The management of the collective plans commits to managing and utilizing the assets with honesty, diligence, and responsibility, but does not guarantee profits or minimum returns [1].