National Investment Silver LOF Valuation Adjustment Compensation Starts Today; Plan to Protect the Rights and Interests of Small and Medium Investors

Recently, China Universal Asset Management Co., Ltd. officially launched the investor compensation process for its Silver Futures Securities Investment Fund (LOF) due to valuation adjustments. Investors can search for the “China Universal Silver Fund” mini-program on Alipay, complete identity verification, and handle related matters online. This measure was prompted by the fund’s net asset value plummeting 31.5% in a single day on February 2, setting a record for the largest single-day decline in publicly offered funds and attracting widespread market attention.

According to the announcement, the valuation adjustment was caused by extreme fluctuations in the silver market prices recently. To ensure fair treatment for all investors and prevent “first redeeming advantage” phenomena, China Universal decided to adjust the valuation of the China Universal Silver Futures Securities Investment Fund (LOF). The company stated that it has quickly coordinated and developed a special plan, following principles of layered classification and convenient, reliable procedures to maximize the protection of investors’ legal rights, especially small and medium investors.

Under the plan, the compensation scope is limited to individual investors who redeemed at the net asset value confirmed on February 2, 2026, including those who submitted redemption requests between 3:00 PM on January 30, 2026, and 3:00 PM on February 2, 2026. Institutional investors are not included in this compensation. The specific compensation standards are divided into two categories: for individual investors affected by valuation adjustments (from -17% to -31.5%) with impact amounts below 1,000 yuan, full compensation will be provided based on the actual impact amount—these investors account for over 90% of the investors who redeemed that day; for individual investors with impact amounts of 1,000 yuan or more, the compensation will be calculated based on 1,000 yuan plus the excess amount multiplied by the corresponding rate.

For the excess amount between 1,000 yuan (inclusive) and 2,000 yuan, the compensation rate is 35%; between 2,000 yuan (inclusive) and 3,000 yuan, 25%; between 3,000 yuan (inclusive) and 5,000 yuan, 15%; between 5,000 yuan (inclusive) and 10,000 yuan, 10%; and for amounts exceeding 10,000 yuan, the compensation rate is capped at 5%. This layered compensation mechanism aims to balance the interests of investors with different levels of losses and reflects the principle of fairness.