According to the different investment targets, bond funds can be divided into pure debt base and impure debt base. Pure debt fund is a fund that only invests in bonds. Among the non-pure debt bases, less than 20% of the assets invested in the primary stock market are primary debt bases, while those invested in the secondary stock market are secondary debt bases. Statistics show that in the third quarter, the average performance of the above three types of debt bases was close, and the average net growth rate exceeded 2%. Among them, the quarterly average net growth rate of pure debt fund, tier 1 debt base and tier 2 debt base is 2.09%, 2.65% and 2.02% respectively. Compared with the performance of debt-based companies in the third quarter, the performance gap between debt-based companies in June 5438+ 10 was significantly widened. Among them, the average net growth rate of tier-one debt base is the highest, which is 2.76%; The average net growth rate of secondary debt base is 1.73%, ranking second; However, the average net growth rate of pure debt funds in June 10 was only 0.46%. Statistics show that the scale of pure debt funds has increased in the third quarter, with the growth rate of 13.47%, while the scale of non-pure debt funds is declining, in which the scale of secondary debt base is larger than that of primary debt base. In the third quarter, the total scale of secondary debt base decreased by as much as 20. 12%, while the primary debt base only decreased by 8.5 1%. The reason why the total scale of these three types of bond funds will change in the third quarter is because the risks of pure bond funds are insulated from the stock market and the security is relatively best; Although the primary debt base does not actively invest in the secondary stock market, if the relevant fund companies do not sell new shares after listing, the relevant funds will also face greater risks in the bear market; The secondary debt base is the most risky, and less than 20% of the funds can be directly invested in the secondary stock market, which will be linked to the risk of the secondary stock market to some extent. Among the bond funds with the highest yield, three funds have higher net growth rate than pure bond funds this year, namely Guotai Jinlong Bond, Dacheng Bond (AB) and Dacheng Bond (C). On the Tier 1 debt base, there are 12 funds with positive returns and 3 funds with negative returns this year. Among the secondary debt bases, only 1 fund has a positive income this year, while other funds have a large gap and all have different degrees of net losses.

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