The total assets of the fund cannot exceed 140% of the net assets of the fund, which means that the upper leverage limit of the fund investment is 140%. For the highly leveraged debt base, the deleveraging process will be started.

"In the past, during the operation of bond funds and capital preservation funds, fund managers invested in bonds.

In order to improve the yield, bonds are mortgaged and reinvested through repurchase and other means.

Capital preservation funds and bond funds often gain more excess returns by enlarging the leverage ratio of holding bonds.