Over-the-counter fixed redemption of Class A funds
This kind of sub-fund has a closed period (usually 3 months or 6 months) and is redeemed at the net value when it is opened at maturity. Generally, such funds are mainly sold in banks, and also sold by securities companies. When the agreed rate of return is higher than the interest of the bank's wealth management products in the same period (3 months or 6 months), it is often necessary to make a placement; When the agreed rate of return is lower than the bank wealth management rate of return in the same period, it will encounter net redemption. Fund name fund
Code Expiration Time Agreed Revenue (%) Redemption Frequency Rate (%) Recent Redemption
present
Interest rate Nord Wing A1657062015-02-16 One-year time deposit × 1.3 Apply for 0 to redeem 0 every 6 months.1.
(Holding one-year redemption 0) 2014-08-153.90% China Merchants Double Debt A16172015-03-01one-year time deposit+
At least 4%, apply for 0 redemption every 6 months +04-09-0 14.30%, and Golden Eagle returns a1621062015-03-08, and deposit for one year+1. 0% Prudential Shuang Ying A165518 2015-04-12 One-year time deposit+1.5% Apply for 0 every six months and redeem 0. 1.
(Holding one-year redemption) 2014-10.4.50% China-Europe Credit A1660132015-04-1. 5% Golden Eagle Shengyuan A1621092015-05-02 one-year time deposit+1.5%
Minimum 2.5%, apply for 0 redemption every 6 months, 02014-10-314.50%, and Cinda will increase its profits by a161062015-06. 3.90% Guolian Shuangjia A/KOOC-0/625/KOOC-0/220/KOOC-0/5-06-04 One-year time deposit ×/KOOC-0/0.4 Redeem 0 20/KOOC-0/2-03 4.
The spread is 0~3%, and it is redeemed once every six months. 020 15-0 1-235.20%, and Ruifu gives priority to1210072015-08-14, and it will be paid once every six months.
(hold 1 redemption 0) 2014-08-146.00% Jiashi Xinxing A.
(USD) 0003412015-11-26 USD average annual fixed deposit.
+spread 1~2% Apply for 0 to redeem 02014-1-262.80% Tian Hong Tian Li A1642072015-/kloc-0.
(Redemption after 6 months) 20 14-09-02 3.90% China Shipping Yu Hui A163908 2016-01-07 one-year time deposit+1.4% every 6 months. 8+06-0 1- 17 One-year time deposit +2.5% Apply for 0 redemption every 3 months +04- 10- 17 5.50% Yin Hua Yongxing A16/kloc-0.
Can be increased by no more than 20%. Apply for 0 every six months to redeem 0 2015-01-kloc-0/6 4.70% of China-Europe pure debt A1660172016-01. 38+04.25% Long Letter Lizhong A1630062016-02-04 One-year fixed deposit × 1.2+ 1% Apply for 0 redemption every 6 months +04-08-034.60%. Monthly deposit: 0+020 14-09-044.40% Penghua Fengli A1606232016-04-23 One-year fixed deposit +65438+ 0.4% every six months.
6-month ShiborX0.5 applies for 0 redemption every 6 months, 020 14- 10-244.60% long letter Lixin a1630042016-06-24, one-year time deposit ×/kloc-. . 10% Tian Hongtongli A164265438+x1.1+06-09-17 One-year fixed deposit × 1.6 Apply for 0 redemption every year.
The price difference is 0~2%. Apply for 0 redemption every 6 months. 02014-11-064.80% Dacheng Jingxiang a0003572016-19 one-year time deposit+interest spread. 00% general deposit of a161627 2016-12-10 one-year time deposit +0.5~2% spread, and it will be redeemed at 0 every six months+04-/kloc-0.
For the spread of 0~ 1%, apply for 0 to redeem 020 15-0 1-235.20% Guofu Hengli A1645102017-03-/every six months.
Can be increased by no more than 20%. Apply for 0 redemption every 6 months. 020 14-09- 104.95% E Fund Juying A000429 Annual fixed deposit+interest spread of 0-3%. Apply for 0 redemption every 3 months. Guo Fu Hengli A000. -095.00% quarterly deposit 5500 15, one-year time deposit +0~2% interest spread, 0 redeemed every three months, 0 20 14-09- 12 5.00% new double interest A000092, and one-year time deposit+. 54. One-year time deposit +0~3% spread+0 redemption every six months 02015-01-215.20% Penghua Fengxin A000292+0~2% spread+0 redemption every six months.
(Holding a one-year redemption of 0) 2014-10-214.50% TEDA Ruili A000387 is a one-year time deposit with a spread of 0.5-3%. Apply for 0 redemption every 6 months+04-1/kloc.
The price difference is 0~2%. Apply for 0 redemption every 6 months. 020 14- 12-044.80% huafu hengfu A00050 1 18 months, one year. X 1.4+。
The spread is 0~ 1%. Apply for 0 redemption every 6 months. 020 14-09- 195.20%. bank of China juli A000632 18 months, one year. x 1. 1+0
The spread is 0.5~3%. Apply for 0 to redeem 020 14- 12-054.70% every 6 months. A 1639 10 is a two-year time deposit+1.5%. Apply for 0 to redeem 020 14 every 6 months.
The spread is 0.5~ 1.5%. Apply for 0 redemption every 6 months. 020 14-09-244.80% Haifutong Shuang Fu A5 19057 has a two-year cycle and a one-year fixed deposit of X 1.2+.
The spread is 0~2%, and 0 is redeemed every 6 months.
The fourth application for a ban is 2014-11-064.95% Hua Fu Cai Heng A000623, with a one-year fixed deposit of X 1.4+.
The spread is 0~3%, and you can apply for 0 redemption every 6 months, 0 2014-1-kloc-0/6.10%, and Zhonghai Huili A0003 17, with a two-year cycle.
Redeem 0 2014-11-214.80% every six months. Yin Hua Yongyi A 16 1828 is a three-year time deposit with a spread of 0-2%. Apply for 0 redemption every six months. 0 20 14- 3-year cycle, one-year fixed deposit+interest spread of 0~2.5%, and 0.35,02014-1-284.90% of Class A funds with a term.
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. Fund Name Code Classification Maturity Date Agreed Interest Rate Current Interest Rate Next Conversion Date Haifutong
Increase interest A1500442014.08.31Three-year fixed interest rate +0.5%, which will be adjusted once every quarter and converted to the 4.75% maturity date of LOF Fund. Puyin Zengli A1500622014.38+02. When it expires, it will be converted into LOF with a simple interest of 5.25%. At maturity, the interest rate of Li Shuang A1500692015.03.23 one-year time deposit is 3.5%. When it expires, it will be converted into LOF at the interest rate of 6.5%. When it expires, CEIBS A 15007 15.03 ... After it expires, it will be converted into LOF fund with a simple interest of 6.5%. The maturity date is 800a1500982015.05.21. One-year fixed deposit interest rate (after tax) +3.5% can be redeemed by Tongqing B, and 6.5% of LOF fund is transferred to maturity. On the maturity date, huashang 500a150102015.09.06, the interest rate of three-year time deposit is +2%, that is, 6.25%, which can be redeemed by huashang 500B. LOF fund is transferred to maturity, with a simple interest of 6.25%. The maturity date of Poly A1500342016.05.12 is adjusted quarterly according to the arithmetic average interest rate of 5-year treasury bonds X 1.3. 5.78539% LOF Fund Maturity Date Small and Medium Board A1500852017.05.08 One-year fixed interest rate (after tax) +3.5%, which can be redeemed with B without participating in discount. At maturity, it will be transferred to LOF Fund 6.5% 20 15.05.08, commodity A1500962017.06.28, with one-year fixed deposit rate (after tax) +3.5%, which can be redeemed by commodity B., Upon maturity, 6.5% will be transferred to LOF Fund+05.0 10.05 Tonghui10, and after maturity, it will be transferred to LOF 7% 20 14.09. 13, easy to remember and steady150106 20. After maturity, it will be transferred to LOF 7% 20 14.09.20 Huili A 150020, and the fixed deposit rate (after tax)+spread 0~2% will be circulated for two years. After the maturity, the parent fund closed for two years after the open application for redemption is converted into a simple interest of 4.75%, 2015.16 Dexin A 150 133. The interest rate of time deposit is+1.2% every two years. After each conversion, the 2-year fixed deposit is converted into the circulating graded simple interest of the parent fund of 4.2%20 15.04.25 Dingli A 150039, and the annual fixed deposit interest rate for every 3 years is+1%. Once every three years, it is converted into a simple interest of 4% of the parent fund's circular classification: 20 17.06. 16 Herun A 1500 16. When the net value of the parent fund is 163406 ≥ 1.2438+. Every three years, the fixed amount is converted into the parent fund circular classification of 0%20 16.04.22. The annualized rate of return of Class A funds with term in the market is calculated as follows: (net maturity-spot transaction price)/spot transaction price/remaining days X365 days X 100%. The classification period of such funds is permanent, except that most of the principal can be obtained according to the net value after downward irregular conversion, and regular conversion is every agreement. In addition to on-site trading, it can also be merged with the corresponding Class B fund shares in proportion and redeemed by the parent fund. When the downward conversion of the distance between the parent fund requires a decrease of more than 10%, the transaction price of the perpetual A-rated fund is highly sensitive to the fluctuation of bond yield, monetary fund yield and reverse repo rate. If the B share corresponding to the A share has the downward unlimited conversion clause, it is equivalent to guaranteeing the agreed income and most of the principal (mostly 75%), so the risk is low, similar to the guaranteed bond with high credit rating. This perpetual class A is equivalent to perpetual debt and can be regarded as "deposit principal and interest".
Low-risk sustainable level A
Because of the guarantee of class B share discount, the current reference transaction price = agreed rate of return ÷ current spot rate of return AA+ credit bonds with a duration of about 10 years+net value-1 yuan. If the agreed yield is higher than the bond yield, it is traded at a premium, and if the agreed yield is lower than the bond yield, it is traded at a discount. For example, there are four perpetual Class A funds with net values of 1.0 1 yuan, 1.02 yuan, 1.03 yuan, 1.04 yuan, and the agreed rates of return are 6%, 6.5% and 7% respectively. Then the implied rate of return of permanent Class A is comparable to 6.95%, and the transaction price of Class A is 6% ÷ 6.95%+1.0/= 0.873 yuan. The transaction price of B A = 6.5% ÷ 6.95%+1.02-1= 0.955 yuan, and that of C A = 7% ÷ 6.95%+ 1 = 1. Fund name fund
The rate of return agreed by the code is current.
On the agreed conversion date, the interest rate of other mutually beneficial A 150066 one-year fixed deposit is+1.5%, with a dynamic adjustment of 4.5% and a fixed rate of return of 5% for 65438+ 10/0/0/0, with Dolly giving priority to 1 50032. Nine trillion stable 150057 fixed rate of return 5.8% annual 65438+1 October 29th 5438+043 one-year fixed deposit rate +3%6.0% annualized convertible bonds A 150 164 one-year fixed deposit rate+3. +3% 6.0% annual 65438+1 October/daily nordisk 300A 150092 one-year time deposit rate (after tax) +3% 6.0% annual 65438+1 October/kloc-0. +3% 6.0% annual 65438+ 10/day Hang Seng A 1 50 1 69 one-year time deposit rate (after tax) +3% 6.0% annual 65438+ 10/month. +3% 6.0% annual 65438+ 10/info a 1 50 1 79 one-year fixed deposit rate (after tax) +3% 6.0% annual 65438+ 10/month. Do not participate in environmental protection A 150 184 One-year fixed deposit interest rate (after tax) +3%6.0% around May 30th every year. Prudential 300A 15005 1 one-year fixed deposit rate (after tax) +3% 6.0% year 65438+February 15 Jun A 150 1 one-year fixed deposit rate (after tax). +3% 6.0% annual interest rate of 65438+February 15, Zheshang Steady 150076 one-year time deposit (after tax) +3%, not exceeding 12% 6.0% 65438+ 10/0. +3.2% 6.2% Annual February 654333+3.2% Annual A65438+February 15 About 800 colored A 150 150 One-year fixed deposit interest rate (after tax)+3.2% Annual 652%. +3.2%6.2% annual consumption income 65438+February 15+ one-year fixed deposit rate 150049+3.2%, with a dynamic adjustment of 6.2% annual March 13. A\B net value belongs to Double Jubilee A1. Simple interest is adjusted from 6.5% to 20 16.4. 15 every three years, and A\B net value is unified (*: Double Jubilee A three-year simple interest 1. 195 yuan, which is actually equivalent to1.0/kloc-0. That is to say, 6. 13% other perpetual class a) Yin Hua jinli 150030 one-year time deposit interest rate (after tax). +3.5% 6.5% annual 65438+1 October 1 CCB Steady 150036 One-year fixed deposit rate+3.5% annual 65438+1ICBC 500. +3.5% 6.5% annual 65438+1 October 1 Jin Yinhua Rui 150059 one-year time deposit rate +3.5% 6.5% annual 65438+1October/Tongrui 2000. +3.5% 6.5% annual 65438+1 October 1 day Nuoan Steady 150073 one-year time deposit rate (after tax) +3.5% 6.5% annual 65438+1October/kloc- +3.5% 6.5% year 65438+1 October 1 day Golden Eagle 500A 65438+3.5% 6.5% year 65438+ 1 October/Ritaixin 400a1. October 1 day Hua 'an 300 a 15065438+3.5% year 6.5% year 65438+1 October 1 Yinhe Priority 65433+3.5% year 65438+/kloc-. 52 One-year fixed deposit rate (after tax) +3.5% 6.5% annual 65438+ 10/Yin Hua 800a 1 50138 one-year fixed deposit rate +3.5% annual 65438+. +3.5%6.5% year 65438+February 100A 150 12 one-year time deposit rate (after tax) +3.5% New Year's Day adjustment 6.5% Yin Hua Reggie 150047 one-year time deposit rate+4. Japanese medicine A 150 130 One-year fixed deposit rate (after tax) +4% 7.0% annual 65438+1 October1Japan Jianxin 50a 150 128. +4.5%7.5% annual 65438+ 10 month 1 day sustainable A-type rate of return = A-type net value /A-type transaction price X (current interest rate X remaining days in this period+next interest rate x(365- remaining days in this period)) /365
High-risk sustainable A level
Such fund shares are equivalent to credit bonds with good or bad credit ratings or even damaged principal. Since such Class A shares rise and fall with the parent fund when the net value of Class B shares is less than or equal to the threshold, they have to bear the losses of the parent fund. When the net value of the annual regular conversion date is less than 1 yuan, they can't get the agreed income on time and in quantity, and even the "principal" of the net value of 1 yuan will be damaged, so it is impossible to calculate the implied return, which means that the agreed income is unsecured. There is a credit default risk similar to "1 1 overdue debt". When the share of B gradually approaches the threshold point, it means that the credit rating is getting lower and lower, so the implied rate of return needs to be gradually improved (the price is gradually falling). When the parent fund is below the threshold point, it is equivalent to bond credit default. Because of the loss of the conversion dividend, it can only be redeemed by B share. If the parent fund falls deeper, its nominal net worth becomes even more meaningless. However, as long as the net value of the parent fund is above 1 yuan, the credit rating of such shares is the same as the low-risk A-level credit rating guaranteed by B-level discount. Transaction price formation mechanism = the same agreed rate of return is discounted by the value of Class A transaction X to get the agreed rate of return%+matching game value X( 1- to get the agreed rate of return%), and the matching game value is the net value of the parent fund, while the probability percentage distribution of the agreed rate of return when the threshold of the parent fund rises and falls is a normal cumulative probability distribution function (Gaussian error function), and the threshold of the parent fund is = (1+). The probability above the threshold point is more than 50%, and the probability below the threshold point is less than 50%. Fund name fund
Code share ratio agreed rate of return is the current value.
According to the agreement, the income of Shenwan on the day of regular conversion is 150022 50%, the interest rate of one-year fixed deposit is 3% (the principal is not guaranteed on schedule), and the annual 6.0% is 65438+ 10/(net value ≤ 1 yuan is not converted), and Yin Hua H shares are one-year.