The sum of the products of the net value of each sub-fund of the graded fund and the share ratio is equal to the net value of the parent fund. For example, the net value of the parent fund split into two types of shares =% of the net value of the A-type subunit XA and% of the net value of the B-type subunit XB. If the parent fund is not split, it is a general fund.
The grading modes of stock (index) grading funds mainly include financing grading mode and long-short grading mode. Bond-type graded funds are classified as financing. Currency grading funds are divided into long positions and short positions. In addition to the above two models, there are three more complicated graded funds: Ruihe CSI 300, Xingquan He Run and Shenwan Shencheng.
Refers to a portfolio, through the decomposition of fund income or net assets, forming a two-level (or multi-level) risk-return performance with certain differences in fund shares.
Its main feature is to divide the fund products into two or more types of shares and give different income distribution respectively. The sum of the products of the net value of each sub-fund of the graded fund and the share ratio is equal to the net value of the parent fund. For example, the net value of the parent fund split into two types of shares = the net value of the A type sub-base X A share%+the net value of the B type sub-base X B share%. If the parent fund is not split, it is a general fund.
On-floor trading has agreed income and grading terms. Reference transaction price of Class A funds = agreed income ÷ AA+ to AAA credit debt yield to maturity+net value-1 yuan. Because the term is certain and the income is also certain, the price fluctuation of Class A graded funds with a term is very small, which is suitable for investors who buy the term strategy. Maturity conversion refers to the conversion of a and b shares of graded funds with grading term and cyclic grading into parent funds according to their net value.