Specifically:
1. Pure debt fund: only invest in bonds, do not participate in the subscription of new shares, and do not invest in stocks;
2. Tier 1 debt base: mainly invest in bonds, but can participate in the subscription of new shares;
3. Secondary debt base: mainly invest in bonds, but a small amount can invest in stocks;
4. Convertible bond fund: mainly investing in convertible bonds.
It should be noted here that due to the latest regulatory regulations, the "Tier 1 debt base" is no longer qualified to participate in the subscription of new shares, so now everyone can directly understand the "Tier 1 debt base" as a "pure debt fund".
Since there are so many classifications of bond funds, how can we judge whether the bond funds we buy are pure debt-based, primary debt-based, secondary debt-based or convertible bond funds?
The following three or four gentlemen will take you through with specific examples.
First of all, recommend a website: Giant Tide Information. This website is the information disclosure website of listed companies designated by China Securities Regulatory Commission. Therefore, information on stocks, bonds and funds can be found on this "Chaochao Information" website.
1. After opening the website, enter the fund code or name to view. Here, San Sijun takes Jiashi Ultra Short Debt Fund (070009) as an example.
Then click "announcement search"
2. After entering the "Latest Announcement" page, you can see various announcements. Click "Manual Update" here, subject to the latest manual.
3. The whole prospectus is very long, 1 15 pages. San Sijun went straight to the point here and chose Chapter 11 "Fund Investment".
You can see the investment scope of this fund here.
Look, this fund only invests in fixed-income varieties such as government bonds, financial bonds and corporate bonds. Therefore, Jiashi Ultra-short Debt Fund (070009) is a pure debt fund.
Give a few more examples.
Guo Fu Tian Li Growth Bond Fund (1000 18):
As can be seen from the above figure, this fund is a financial instrument focusing on investment in fixed income and can participate in the subscription of new shares. Therefore, Guo Fu Tian Li Growth Bond Fund (1000 18) is a primary debt base.
ICBC Credit Suisse Li Shuang Bond A(485 1 1 1):
As can be seen from the above figure, although this fund invests at least 80% in fixed-income assets, it can participate in the subscription of new shares and stock investment in the secondary market. Therefore, ICBC Credit Suisse Li Shuang Bond A (48511) is a secondary debt base.
Changxin Convertible Bond A(5 19977):
As can be seen from the above figure, the proportion of the Fund's investment in convertible bonds (including convertible bonds that can be traded separately) is not less than 80%. Therefore, Changxin Convertible Bond A(5 19977) is a convertible bond fund.
Seeing this, I believe everyone will judge what is pure debt base, primary debt base, secondary debt base and convertible bond fund.
Of course, there are other classifications in bond funds. For example, from the perspective of investment strategy, bond funds can be divided into bond index funds and active debt bases (pure debt base, primary debt base and secondary debt base).
However, this classification method is the same as other funds, so I won't go into details here.
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