What is a regular open bond fund? Regular open-end fund is also a kind of open-end fund. Different from ordinary open-end funds, they are not free to buy and sell on any trading day, but open according to a fixed cycle. At present, it is common in the market to open once every three months and half a year.

At present, most of the regular open-end funds in the market are bond funds. The design of regular opening can keep the fund scale relatively stable and play a great role in improving the expected annualized expected return of bond funds.

Advantages of regularly opening bond funds

Regular open pure debt funds mainly invest in products with fixed expected annualized expected returns, and do not participate in new shares and issuance, nor directly buy stocks, warrants and other assets from the secondary market.

There are 1 limited redemption applications every quarter and 1 free entry and exit every year, effectively resisting the three weaknesses of traditional closed-end or fixed-term open-end funds, such as poor liquidity, excessive capital inflow and dilution. "Short-term closed, long-term investment" model, taking into account liquidity and expected annualized expected return of portfolio.

Historical data shows that the average performance level of closed debt base is higher than that of open debt base.

Why are bond funds only partially redeemed when they are regularly open for redemption?

Many regular open-end funds will have a limit on the net redemption ratio during the restricted open period. For example, according to the fund contract and the Announcement on the Open Purchase and Redemption of Bond Securities Investment Fund with Expected Annualized Earnings of Fuguoqiang, September 13 is the third restricted open day of the first operation cycle of Bond Securities Investment Fund with Expected Annualized Earnings of Fuguoqiang, and the fund will control the net redemption amount on this restricted open day to ensure the net redemption amount.

According to the above principles, the fund manager makes statistics on the subscription and redemption applications of Fuguoqiang's bond securities investment funds 20 13 and 18. If the actual net redemption application on that day is higher than 10% of the previous day's fund share, the fund manager will confirm all eligible redemption applications on that day as success, and confirm all eligible redemption applications on that day in proportion, with the confirmation ratio of 73.