Before the Spring Festival, UBS SDIC Fund announced the &#34;Announcement on Related Plans for Silver Funds,&#34; launching a special work plan regarding the valuation adjustment of its UBS SDIC Silver Futures Securities Investment Fund (LOF) caused by the historically extreme conditions in the silver market, with over 90% of investors expected to receive full compensation.
So, how much will the fund company pay in total? What impact will it bring?
Reporters from the Daily Economic News noted that the latest announcement from the actual controller of UBS SDIC, Guotou Capital, revealed relevant information.
The announcement stated that the impact amount brought by this plan is less than 5% of Guotou Capital's audited net profit attributable to the parent company for the year 2024, which is 2.694 billion yuan. Industry insiders calculated based on Guotou Capital's equity stake in UBS SDIC Fund that the maximum compensation amount the latter would need to pay could reach approximately 433 million yuan.
Looking at the revenue situation of UBS SDIC Fund over the past few years, the (consolidated) operating revenues for 2022, 2023, and 2024 were 1.255 billion yuan, 1.420 billion yuan, and 1.379 billion yuan, respectively, with corresponding net profits of 163 million yuan, 346 million yuan, and 376 million yuan, while the consolidated net profit for the first half of 2025 was 149 million yuan. Compared to its recent profit levels, the compensation effort this time is particularly noteworthy.
For this reason, industry insiders commented that this special plan fully reflects the sincerity and determination of UBS SDIC and its shareholders.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/31d5b44f-8570-4927-8349-e0cee3d8b299.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/31d5b44f-8570-4927-8349-e0cee3d8b299.png"/>
<h2>How much will UBS SDIC pay? The announcement from the actual controller is here</h2>
The core calculation basis for this compensation amount comes from the announcement released by Guotou Capital on February 23 (dated February 24).
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The announcement clearly states that the silver LOF compensation plan of UBS SDIC Fund is expected to have a negative impact on Guotou Capital's net profit attributable to the parent company for the year 2026, not exceeding 5% of its audited net profit attributable to the parent company for the year 2024, and will not have a substantial impact on the overall business development of the company.
According to Guotou Capital's annual report for 2024, the audited net profit attributable to the parent company for that year was 2.694 billion yuan, from which it can be directly calculated that the upper limit of the impact of this compensation plan on the actual controller's consolidated financial statements is approximately 134.7 million yuan. To estimate the compensation amount that UBS SDIC Fund needs to bear, it is necessary to consider its equity structure.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/162ca7a6-965e-4543-ae0c-bb4b4625700d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/162ca7a6-965e-4543-ae0c-bb4b4625700d.png"/>
Public information shows that UBS SDIC is a tertiary holding subsidiary of SDIC Capital under the State Development and Investment Corporation. SDIC Capital holds a 61.29% stake in Guotou Taikang Trust through its wholly-owned subsidiary, SDIC Capital Holdings, which in turn holds 51% of the equity in UBS SDIC Fund, making it the controlling shareholder of UBS SDIC.
Industry insiders have calculated the penetrated equity ratio and concluded that the maximum compensation amount that UBS SDIC Fund needs to bear is approximately 433 million yuan. It should be noted that this figure is calculated based on the theoretical maximum amount, and the final compensation amount should be based on the company's data.
Let's take a look at the revenue and net profit situation of UBS SDIC Fund in recent years, which the reporter has compiled based on announcements as follows:
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From the revenue and profit levels of UBS SDIC Fund in recent years, its (consolidated) operating revenues from 2020 to 2024 were 798 million yuan, 997 million yuan, 1.255 billion yuan, 1.42 billion yuan, and 1.379 billion yuan, with corresponding net profits of 216 million yuan, not listed, 163 million yuan, 346 million yuan, and 376 million yuan. If calculated at the upper limit, the compensation amount will be nearly one-third of the company's revenue in 2024 and exceed the annual net profit, highlighting its commitment to investor protection.
<h2>Protecting the Legal Rights of Small and Medium Investors with Efficient Online Processing</h2>
Let's review the special plan released by UBS SDIC before the New Year.
Previously, due to the historically extreme fluctuations in the silver market prices, to treat all investors fairly and avoid &#34;first redemption advantage,&#34; UBS SDIC Fund made valuation adjustments to the silver LOF, which drew significant attention from investors.
On February 15, just before the Spring Festival, UBS SDIC announced the first compensation plan in the public fund industry. For the silver LOF, a tiered compensation method was adopted to achieve comprehensive coverage for affected individual investors, with a focus on protecting small and medium investors, allowing each investor to intuitively compare their situation and confirm the compensation amount.
In terms of compensation rules, the plan adopts a clear tiered model:
1. For individual investors whose valuation adjustment impact amount (from -17% to -31.5%) is below 1,000 yuan, the settlement amount is determined in full based on the actual impact amount.
2. For individual investors whose valuation adjustment impact amount (from -17% to -31.5%) exceeds 1,000 yuan (inclusive), the total settlement amount is determined by adding the amount above 1,000 yuan multiplied by a certain ratio to the base of 1,000 yuan.
This design is based on data analysis: investors with larger investment amounts have made more profits during the early rise of the product, and the valuation adjustment has a relatively limited actual impact on them. The tiered model ensures fairness while focusing on protecting small and medium investors with weaker risk resistance
The scope of application is equally precise, only applicable to individual investors who submit and confirm redemption requests from after the market closes on January 30, 2026, to before the market closes on February 2. Institutional investors are not included due to their stronger professional capabilities and risk tolerance, ensuring that compensation resources are concentrated on ordinary investors.
The sincerity is also reflected in the efficiency of implementation. According to reports, the exclusive compensation mini-program developed by UBS SDIC in collaboration with Alipay has been completed and will officially launch on February 26. Investors will only need to search for the &#34;UBS SDIC Silver Fund&#34; mini-program on Alipay, complete identity verification as prompted, and follow the instructions to handle related matters online. Compensation funds will be quickly credited, minimizing the claim costs for investors.
The announcement from Guotou Capital also reflects the high importance placed by shareholders on the protection of investor rights, as well as their full support in &#34;real money.&#34;
For this reason, professionals have analyzed that the coverage, compensation ratio, and advancement efficiency of this compensation plan are among the few in similar events within the securities and fund industry, as well as the entire financial industry, fully demonstrating the fund company's proactive response to investor demands and its responsibility to effectively protect the rights of small and medium-sized investors.
Risk Warning and Disclaimer
The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at their own risk

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UBS SDIC Fund has launched a special plan for the valuation adjustment of the silver futures securities investment fund (LOF) caused by extreme market conditions, with over 90% of investors expected to receive full compensation. According to the announcement, the compensation amount is expected to not exceed 5% of UBS SDIC's net profit for the year 2024, which is approximately 134.7 million yuan. Theoretically, the maximum compensation amount that UBS SDIC may need to pay could reach 433 million yuan. This plan demonstrates the sincerity and determination of UBS SDIC and its shareholders

In the Silver LOF, 90% of investors are fully compensated. How much money does the fund company need to pay out?