Ultra-short-term debt is an investment direction of funds. There are usually stock funds, bond funds and hybrid funds, which are an operation mode for fund companies to make profits by investing in short-term and ultra-short-term bonds. The investment goal is to control the duration of the portfolio within one year, strive for stable principal, maintain high asset liquidity, reduce the risk of fund net value fluctuation, and obtain stable income exceeding the benchmark.

In terms of venture capital characteristics, the expected risk level and expected rate of return of ultra-short bonds are higher than those of money market funds, but lower than those of medium and long-term bond funds, hybrid funds and equity funds.

Ultra-short bond is an operation mode for fund companies to make profits by investing in short-term and ultra-short-term bonds. It is very common in the international market and is a popular currency-enhanced investment tool. Most assets are invested in money market instruments. According to market changes, select a small number of fixed-income investment tools with a slightly longer term and higher yield, properly use investment leverage, and strive to improve the income, and the expected income is relatively higher than that of the money fund. At the same time, similar to the money fund, its subscription and redemption do not need to pay any fees, and the redemption is flexible and highly mobile.