Core Insights - Chunhou Fund announced the appointment of Zhu Baoguo as a new fund manager for both Chunhou Yijia Bond and Chunhou Xinzhe Mixed funds, while Xue Lili and Liao Chenxuan have left their positions [1][2] Fund Performance Summary - Chunhou Yijia Bond A/C, established on December 30, 2020, has a year-to-date return of 5.92% and 5.71%, with a cumulative return since inception of 20.88% and 18.73%, and a net asset value of 1.2088 CNY and 1.1873 CNY [1] - Chunhou Xinzhe Mixed A/C, established on August 21, 2019, has a year-to-date return of 7.75% and 7.43%, with a cumulative return since inception of 98.55% and 92.93%, and a net asset value of 1.9855 CNY and 1.9293 CNY [1]

Core Viewpoint - The announcement from Chunhou Fund Management Co., Ltd. regarding the departure of Qi Jieping from multiple bond funds indicates a significant change in the management structure of these investment products, which may impact their performance and investor confidence [1][3][4]. Fund Performance Summary - Chunhou Yijia Bond A and C, established on December 30, 2020, reported a year-to-date return of 4.48% and 4.29%, respectively, with cumulative returns since inception of 19.23% and 17.14%, and net asset values of 1.1923 and 1.1714 [1]. - Chunhou Short-term Bond A and C, launched on March 26, 2020, showed a year-to-date return of 0.26% and 0.15%, with cumulative returns of 15.42% and 13.92%, and net asset values of 1.1491 and 1.1356 [1]. - Chunhou Stable Ning 6-Month Open-End Bond, initiated on February 15, 2021, achieved a year-to-date return of 0.28% and a cumulative return of 8.62%, with a net asset value of 1.0838 [1]. - Chunhou Anxin 87-Month Open-End Bond, established on November 26, 2020, reported a year-to-date return of 1.93% and a cumulative return of 21.16%, with a net asset value of 1.1956 and a fund size of 8.131 billion [2]. Management Changes - Qi Jieping has been dismissed as the fund manager for Chunhou Yijia Bond, Chunhou Short-term Bond, Chunhou Stable Ning 6-Month Open-End Bond, and Chunhou Anxin 87-Month Open-End Bond, indicating a shift in management strategy [3][4]. - Other co-managers for these funds include Xue Lili, Zhang Rui, and Jiang Wenjun, suggesting continuity in management despite the departure [3][4].