National Investment Silver LOF valuation adjustment compensation begins today; tiered classification scheme protects the rights and interests of small and medium investors

Recently, China Universal Asset Management Co., Ltd. launched an investor compensation program regarding the valuation adjustment of its Silver Futures Securities Investment Fund (LOF). Due to extreme fluctuations in the silver market recently, the fund adjusted its valuation on February 2, resulting in a sharp single-day net asset value decline of 31.5%, setting a record for the largest single-day drop in publicly offered funds and attracting widespread market attention.

According to the announcement, this valuation adjustment was triggered by historic extreme volatility in silver prices. To treat all investors fairly and prevent “first redemption advantage” phenomena, China Universal Asset Management decided to adjust the fund’s valuation and develop a special compensation plan. The plan mainly targets individual investors; institutional investors are not included in the compensation scope.

The compensation plan specifies that it applies to individual investors who redeemed at the net asset value 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. The specific compensation standards are divided into two categories: for impacts less than 1,000 yuan, full compensation will be provided based on the actual impact amount; for impacts exceeding 1,000 yuan, a tiered calculation method will be used, adding the excess amount over 1,000 yuan multiplied by the corresponding rate to determine the compensation.

The tiered rates are as follows: 35% for impacts between 1,000 and 2,000 yuan; 25% for impacts between 2,000 and 3,000 yuan; 15% for impacts between 3,000 and 5,000 yuan; 10% for impacts between 5,000 and 10,000 yuan; and a cap of 5% for impacts exceeding 10,000 yuan. Statistics show that over 90% of investors affected by less than 1,000 yuan account for the majority of the day’s redeemed investors.

Investors can search for the “China Universal Silver Fund” mini-program on Alipay, complete identity verification online, and handle compensation-related matters. The company stated that it has coordinated all necessary work and formulated the plan based on layered classification and convenience, aiming to maximize the protection of investors’ legal rights, especially those of small and medium investors.