"voll" needs to be incorporated into the translation

Der Fonds ist erst vollbeendet nach Beendigung der Liquidationsphase

The Fund will not be fully dissolved until after termination of the liquidation phase that or which ...

- like closure, so adoiding repetition of the termination.

UK and Irish Companies are also dissolved post-liquidation *or* winding-up and then struck off to become 'defunct', but tactical voters should feel free to vote for any other answer.

other possibility: closed
but I think "voll" has to be translated

German term (edited): vollbeendet (= vollständig beendet)

Weiterer Kontext (mit Quellenschutz):

"Die vorgeschriebene Mindesthaltedauer beträgt sieben Jahre ab dem ersten Zeichnungsschluss des Fonds und entspricht der regulären Laufzeit des Fonds. Bei Zeichnung nachdem ersten Zeichnungsschluss kann Ihre tatsächliche Haltedauer weniger als sieben Jahre betragen. Die Fondslaufzeit wird ggf. bis zu zweimal um je ein Jahr verlängert. Der Fonds ist erst vollbeendet nach Abschluss der Liquidationsphase, die sich an das Laufzeitende anschließt."

Gemeint ist "Der Fonds ist erst vollständig beendet nach Abschluss der Liquidationsphase, die sich an das Laufzeitende anschließt."
=>
"The Fund will only terminate, (be terminated or hard closed) definitively on completion of the liquidation phase, which will follow the end of the duration of the Fund" or similar.

"fund is terminated Page 2 of about 1.930.000 results (0,42 seconds)
"fund is hard closed" Page 2 of about 3.860 results (0,35 seconds)

These rights provide fund investors with the ability to remove and replace a fund’s general partner, terminate the fund’s investment period, and/or terminate the fund …
https://abovethelaw.com/2018/07/what-investors-need-to-know-...

What happens when you hold an investment option that is terminated? When an investment option is terminated, it is no longer available for investment and all units are redeemed. This means you will no longer hold the investment option in your account and your units will be sold down to cash and placed in your Cash Account.
What happens if a terminated or hard closed investment option formed part of the investment instructions on your account?
https://www.austchoice.com.au/__data/assets/pdf_file/0006/39...

Even post-launch, or when a fund is hard closed, the development of a pipeline of new investors that can be called upon is essential.
https://hedgenordic.com/2019/12/asset-retention/?print=print

(a) This Agreement may be terminated:

(b) (iii) by the Adviser in the event that the Adviser’s investment advisory agreement with the Fund is terminated, as of the date of termination of such investment advisory agreement, provided that, …;
https://www.sec.gov/Archives/edgar/data/1503290/000110465910...

1 The Sub-Funds were terminated, deauthorized by the SFC and delisted from the SEHK on 24th February 2017.
https://www.blackrock.com/hk/en/literature/annual-report/ish...

- Allianz Global Emerging Markets Equity, which terminated on 18 December 2019,
https://regulatory.allianzgi.com/-/media/allianzgi/eu/regula...

BRIEF-CI Financial Corp says DDJ High Yield Fund was terminated effective Aug. 15
https://www.reuters.com/article/instant-article/idUSFWN1L20P...

The planned investment volume of the GRR German Retail Fund No. 4 issued in January 2020 was increased to approximately 450 million euros. The placement of the fund was terminated earlier than planned. The capital raised amounts to 258 million euros. The investment phase of the fund will probably be concluded in 2022. The newly founded company GRR Funds GmbH was commissioned for the first time to market the shares of the fund.
http://mobile.dgap.de/dgap/News/corporate/grr-group-grows-wi...

We believe it’s in unit holders’ best interests that the Access Fund is terminated on the basis that:
• the underlying fund it invests into (that would otherwise have provided exposure to property assets) has been terminated by BlackRock Investment Management (Australia) Limited with a final redemption received in June 2013,
https://wealth.mlc.com.au/content/dam/wealth/public/document...

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Note added at 21 hrs (2020-12-10 14:50:31 GMT)
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Für diejenigen, die sich am ausgelassenen "vollständig" stören, kann ich gerne noch "completely, fully oder entirely" nachtragen:

... completely, fully or entirely terminated.