If a bond fund is an institutional heavyweight, it means that this fund may be a good fund and is favored by institutions;

However, there may be another problem. If the proportion of institutional investors is large, institutional repurchase will easily affect this fund, causing great fluctuations. And if individual investors have heavy positions, basically there will not be a large number of people redeeming in large quantities at one time.

Therefore, the debt base with institutional positions still depends on the proportion of institutions.