1. Short-term debt fund, named after investing in short-term bonds. 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. Short-term debt funds mainly invest in fixed-income instruments with a slightly longer term. Because the investment period is generally short, usually 6 to 12 months, short-term debt funds have strong liquidity and anti-risk ability, and short-term debt funds have the possibility of obtaining higher investment returns.

2. Short-term debt funds, whose expected returns and risks are higher than money market funds and lower than hybrid funds and equity funds, belong to low-risk funds. The investment risk of short-term debt funds is slightly higher than that of money funds, but among all kinds of bond funds, short-term debt funds still belong to low-risk investment varieties. It should be noted that low risk does not mean no risk. Some of the short-term bonds invested by short-term debt funds are credit bonds, so there is also credit risk in short-term debt funds, that is, the risk of default by brokers.

3. In addition to the advantages of money market funds, short-term debt funds also have the following two characteristics:

1) good liquidity: zero commission, T+2 redemption money to the account;

2) Lower risk: the credit rating of investment products is high, and the income is shared equally every day, which is less affected by market price fluctuations.

Characteristics of advantageous funds in short-and medium-term debt funds

1. security: this fund is a short-term debt fund with a portfolio duration of less than three years. It is not allowed to invest in stocks, which is safer than strong debt funds.

2. Profitability: The benchmark of the Fund is the three-year bank time deposit interest rate (after tax), which is higher than the current yield benchmark of money market funds.

3. Liquidity: the subscription (subscription) and redemption fees of the fund are zero, and the liquidity of the fund is equivalent to that of money market funds and higher than that of ordinary bond funds.

4. Make up for the market vacancy: As the only short-term and medium-term debt fund in the market, the fund made up for the market vacancy and led the trend of fund product segmentation.

5. Low-risk characteristics: funds are relatively low-risk varieties, 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.