Advantages of bond funds: 1. The risk is relatively low. The fund mainly invests in a basket of bonds, and the risk of the fund is determined by the bonds invested; 2. The management fee of bond funds is low, and bond investment management is not as complicated as stock investment management, so the management fee of bond funds is relatively low.

Disadvantages of bond funds: 1. The fund mainly invests in a basket of bonds, which makes the fund's income relatively low; 2. Bond funds are not suitable for fixed investment. Fixed investment is suitable for funds with certain fluctuations, while bond funds have relatively small fluctuations. Not suitable for fixed investment.