Core Viewpoint - The recent announcement from Green Fund regarding the departure of Liu Yang, who held multiple roles including fund manager and director of fixed income, raises questions about the management stability of several bond funds under the company's management [1][4][5]. Fund Performance Summary - **Green Hongzhuo Interest Rate Bond Fund**: Established on August 22, 2024, with a year-to-date return of -0.93% and a cumulative net value of 1.0019 yuan [1]. - **Green Hongli Enhanced Bond Fund A/C**: Established on August 5, 2020, with year-to-date returns of 0.67% and 0.37%, and cumulative net values of 1.0146 yuan and 0.9894 yuan [1]. - **Green Aggregation Enhanced Bond Fund A/C**: Established on October 20, 2023, with year-to-date returns of 8.93% and 8.63%, and cumulative net values of 1.1558 yuan and 1.1514 yuan [1]. - **Green Hongxu Interest Rate Bond Fund**: Established on September 5, 2022, with a year-to-date return of 1.73% and a cumulative net value of 1.1101 yuan [2]. - **Green Hongjing Bond Fund A/C**: Established on January 27, 2021, with year-to-date returns of -1.00% and -1.08%, and cumulative net values of 2.3648 yuan and 2.3160 yuan [2]. - **Green Short and Medium Term Bond Fund A/C**: Established on October 28, 2020, with year-to-date returns of 1.01% and 0.73%, and cumulative net values of 1.1573 yuan and 1.1376 yuan [2]. - **Green Honghao Pure Bond Fund**: Established on March 25, 2022, with a year-to-date return of -1.45% and a cumulative net value of 1.1039 yuan [2]. - **Green Hongsheng One-Year Open-End Bond Fund**: Established on November 29, 2022, with a year-to-date return of 0.35% and a cumulative net value of 1.0836 yuan [2]. - **Green Xinyue One-Year Holding Mixed Fund A/C**: Established on June 9, 2021, with year-to-date returns of 2.09% and 1.79%, and cumulative net values of 0.9366 yuan and 0.9206 yuan [3]. Management Changes - Liu Yang has been dismissed as the fund manager for multiple funds including Green Hongzhuo Interest Rate Bond Fund, Green Hongli Enhanced Bond Fund, and Green Aggregation Enhanced Bond Fund, with other managers continuing to oversee these funds [4][5].

Core Insights - Green Fund announced the appointment of Yin Lujin as a new fund manager for multiple bond funds, indicating a strategic move to enhance management capabilities [1][3][4] Fund Performance Summary - **Green Hongli Enhanced Bond Fund**: Established on August 5, 2020, with a year-to-date return of 0.23% and a cumulative net value of 1.0101 yuan as of August 21, 2025 [1] - **Green Hongzhuo Rate Bond Fund**: Established on August 22, 2024, with a year-to-date return of -0.50% and a cumulative net value of 1.0062 yuan [1][2] - **Green Zhongzheng Interbank Certificate AAA Index 7-Day Holding Period Fund**: Established on September 20, 2024, with a year-to-date return of 0.59% and a cumulative net value of 1.0120 yuan [1] - **Green Hongxu Rate Bond Fund**: Established on September 5, 2022, with a year-to-date return of 2.34% and a cumulative net value of 1.1160 yuan [2] - **Green 60-Day Holding Period Bond Fund**: Established on May 6, 2025, with a cumulative return of 0.14% [2][4] - **Green Hongjing Bond Fund**: Established on January 27, 2021, with a year-to-date return of -0.94% and a cumulative net value of 2.3654 yuan [2][4] Management Changes - Yin Lujin has been appointed as a new fund manager for several funds, including Green Hongli Enhanced Bond, Green Hongzhuo Rate Bond, Green Zhongzheng Interbank Certificate AAA Index 7-Day Holding Period, Green Hongxu Rate Bond, Green 60-Day Holding Period Bond, and Green Hongjing Bond [3][4]