1. Fund market performance

1. As of October 21, 2021, Cathay Lifelong’s short- and medium-term debt bond C has a cumulative net value of 1.0883, the latest announced unit net value is 1.0883, and the net value growth rate It rose 0.01% and the latest valuation was 1.0882.

2. Cathay Pacific’s medium and short-term debt bond C (006598) has earned 8.83% since its establishment, 3.23% since this year, 0.31% in the past month, and 1.01% in the past three months.

2. Details of bond holdings

As of the second quarter of 2021, Cathay Lifelong Medium and Short-term Bond C Fund (006598) holds bonds 20 Bank of Beijing CD081 (accounting for 7.21%) , the market value of the position is 14.5785 million; the bond 20 Zheshang Bank CD129 (accounting for 6.25%), the market value of the position is 12.6334 million; the bond 19 Agricultural Development 07 (accounting for 5.97%), the market value of the position is 12.066 million; the bond 21 China Development Bank 01 (accounting for 5.94 %), the market value of the position is 12.0072 million, etc.

This is for reference only and does not constitute investment advice. Please operate at your own risk. Funds have risks, so investment needs to be done with caution.

1. Fund classification

According to different standards, securities investment funds can be divided into different categories:

1. According to whether the fund units can be added or redeemed can be divided into open-end funds and closed-end funds. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

2. According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. my country's securities investment funds are all contract funds.

3. According to the differences in investment risks and returns, funds can be divided into growth, income and balanced funds.

4. According to different investment objects, they can be divided into four categories: bond funds, stock funds, currency funds and hybrid funds.

2. Bond Funds

As the name suggests, bond funds are mutual funds with bonds as the main investment target. In addition to bonds, they can also invest in financial bonds and bonds. Attached are buybacks, fixed deposits, short-term bills, etc. Most of them are issued in the form of open-end funds, and adopt the method of not distributing income, which is legal and tax-saving. The attributes of most domestic bond funds tend to be income-type bond funds, which mainly focus on obtaining stable interest. Therefore, income generally shows stable growth.