Core Viewpoint - The significant drop of 23.33% in the net value of Galaxy Junxin Mixed Fund I on September 22 has raised concerns among investors, highlighting the volatility and liquidity management issues within the fund industry [1][6]. Fund Performance - Galaxy Junxin Mixed Fund I, established on September 7, 2016, reported a year-to-date return of -15.19%, a one-year return of -7.05%, and a three-year return of -7.87% as of September 24 [4][6]. - The fund's latest net value is 1.0000 yuan, with a notable single-day decline of 23.33% on September 22 [4][6]. Fund Structure and Holdings - The fund primarily holds a small percentage in Sany Heavy Industry, accounting for only 0.93% of the fund's net asset value, indicating that the drop cannot be attributed to individual stock volatility [5][6]. - Galaxy Junxin Mixed Fund I is a special share class within the Galaxy Junxin series, targeting large investors with a minimum subscription amount of 10 million yuan and a lower service fee compared to other classes [5][6]. Investor Behavior and Market Impact - The fund reportedly has only one holder, with its shares decreasing from 205 million at the end of 2022 to 3.6208 million currently, resulting in a total scale of only 4.35 million yuan [6]. - The sharp decline in net value due to large redemptions has raised concerns about market confidence and the fund's stability, despite the fact that it primarily affects large investors [6].