This is a graded fund. Simply put, this fund is divided into two parts, namely, fund grading, most of which are A-level fixed income. Guaranteed by grade B, the fixed income is about 7%. Class B uses the money of A and B as leverage to make stocks. The leverage ratio lies in the ratio of AB level. Assuming that the whole fund is 65.438+0 billion, and the 900 million A level is 65.438+0 billion B level, then the military B has 9 times leverage, that is, 900 million takes fixed income and 65.438+0 billion becomes 10 billion to speculate. Buying a is equal to buying wealth management products, and buying B has great benefits and risks.