Core Viewpoint - The report discusses the termination and liquidation of the Shenwan Hongyuan Dual-Season Bond Fund, which has been approved by the China Securities Regulatory Commission and will conclude its operations by October 12, 2025 [3]. Group 1: Fund Overview - The Shenwan Hongyuan Dual-Season Bond Fund was transformed from the Shenwan Hongyuan Lingtong Kuali 7-Day Fund and has been operational since October 13, 2022 [3]. - The fund's last disclosed net values indicate that Bond A has a cumulative net value of 1.1172 yuan with a cumulative return of 11.4%, Bond B has a cumulative net value of 1.1575 yuan with a cumulative return of 12.32%, and Bond C has a cumulative net value of 1.1096 yuan with a cumulative return of 10.64% [3]. Group 2: Management Team - The fund was managed by Qin Qing, Ding Jieke, and Ji Cheng, who have extensive backgrounds in investment management and research across various sectors including TMT [4]. - Qin Qing has experience as a researcher and team leader in the TMT sector, while Ding Jieke has served on the public investment decision committee and has a background in bond trading and public fund management [4]. - Ji Cheng has held various roles within the asset management division, contributing to trading and investment management since 2015 [4]. Group 3: Performance Metrics - The fund's performance this year shows a growth of 3.04%, with a cumulative return of 11.40% since inception [5]. - In comparison, the average return of similar funds is 6.54%, and the CSI 300 index has increased by 18.26% this year [5]. - The cumulative return for Bond B is 12.32%, while Bond C has a cumulative return of 10.64%, both compared to their respective averages and the CSI 300 index [6][8].