1. If it is a fund debt, it refers to all debts incurred during the operation of the fund, such as interest payable or other various expenses;

2. If it is a bond fund, it means that the fund invests 80% of its total assets in treasury bonds or other bonds. Because the investment target of bond funds is mainly bonds with less risk, the investment risk and income of such funds are relatively small.

Characteristics of bond funds

1, convenience: bond funds can allow ordinary investors to participate in the investment of inter-bank bonds and corporate bonds, but it is difficult for ordinary investors to participate in these investments alone;

2. Stability: bond funds have very stable returns in both bull and bear markets, and can be unaffected by market fluctuations, which is suitable for low-risk investors;

3. Low returns: Compared with stocks and other types of funds, bond funds have lower returns, and they need to be held for one year or more to have obvious returns. It is difficult to obtain excess returns above the average level in a bull market.