Short-term debt funds are named after the short-term bonds they invest in. The investment scope is limited to bonds, central bank bills and other fixed-income varieties and bank deposits, and stocks and convertible bonds are not invested. Then let's take a look at the analysis of short-term debt funds, hoping to help everyone!

What is a short-term debt fund?

Short-term debt fund is a kind of bond fund. Different from ordinary bond funds, short-term debt funds have corresponding restrictions on the duration of investment in bonds, mainly investing in bonds with high short-term and ultra-short-term liquidity.

Short-term debt funds have investment risk, but the risk is not high, because they mainly invest in fixed-income financial instruments with good liquidity and can be redeemed daily, with good liquidity and small net value fluctuation.

What is the difference between short-term debt funds and pure debt funds?

1, investment target

Short-term debt-based metals are invested in pure debt funds, and more than 80% of assets are invested in fixed expected returns such as short-term bonds and central bank bills. Monetary funds mainly invest in short-term monetary instruments such as government bonds and central bank bills.

2. Remaining term

The average remaining term of the money fund shall not exceed 120 days, and the short-term debt fund portfolio has a long term, generally within 3 years. The shorter the remaining term, the smaller the fluctuation of fund price and the lower the expected return.

3. Valuation method

Most of the valuation methods of money funds are amortized cost method, and the interest income of bonds is "apportioned" every day, so the net value of money funds is generally not refunded.

Most short-term debt funds are valued by market value method, that is, according to the transaction price in the market. Because the bond market price has gone up and down, the short-term debt base may withdraw slightly.

What are the characteristics of short-term debt funds?

First, the risk of short-term debt funds is low, and the long-term average expected risk and expected return are lower than those of stock funds and ordinary bond funds, but higher than those of money market funds.

Second, the investment cycle is short. Short-term debt funds are named because of their short investment period, so short investment period is a remarkable feature of short-term debt funds.

Third, the net value is stable. Because short-term debt funds mainly invest in the inter-bank bond market, they have the advantages of both bond funds and money funds.

Fourth, it has good liquidity.

5. Short-term debt funds have a low subscription threshold, and generally 1 yuan or 10 yuan can be used for subscription.

6. Compared with equity funds or hybrid funds, the subscription rate of short-term debt funds is much lower. The average management fee of short-term debt funds is about 0.3%, and the average custody fee is about 0. 1%.

The investment scope of short-term debt funds:

Short-term debt funds mainly invest in the inter-bank bond market, which has the advantages of both bond funds and money funds. It is a fund product with higher income than money market funds, steady growth in net value and equivalent liquidity.

The investment scope of short-term debt funds specifically includes: national debt, financial debt, corporate debt, subordinated debt, central bank bills, short-term financing bills, bond repurchase and other short-term financial instruments with good liquidity. In terms of maturity, there are varieties with a portfolio duration of less than 3 years and a remaining maturity of less than 3 years, which have the characteristics of liquidity of money market funds and high returns of ordinary bond funds.

What is a short-term debt fund?

Short-term debt funds refer to funds that invest in short-term and ultra-short term, with higher liquidity than bonds, higher returns and risks than monetary funds, and lower than medium-and long-term bond funds, mixed funds and equity funds.

Short-term debt funds have the characteristics of low risk, stable income and high liquidity, and are suitable for stable investors. However, investors should note that short-term debt funds are not capital preservation funds, but the risk is low.

Short-term debt funds mainly invest in the inter-bank bond market, including government bonds, local government bonds, financial bonds, corporate bonds, subordinated bonds, short-term financing bonds, ultra-short-term financing bonds and central bank bills.

What are the characteristics of short-term debt funds?

1. Short-term debt funds have relatively low risks, and long-term risks and returns are lower than those of equity funds and ordinary bond funds, but higher than those of monetary funds.

2. The investment cycle is short. Short-term debt funds are named because of their short investment cycle, so short investment cycle is a remarkable feature of short-term debt funds.

3. Short-term debt funds mainly invest in the inter-bank bond market, so they have the advantages of both bond funds and money funds.

4. Good liquidity. The subscription fee of short-term debt fund is zero, the income is higher than that of money fund, and the liquidity is good.