Bond funds are divided into Class A, Class B and Part C. The main classification criteria are determined according to whether subscription fees are charged and whether sales service fees are accrued. Usually, Class A refers to the category that collects subscription fees at the time of subscription, but does not deduct sales service fees; The corresponding category B or C refers to the category where the subscription fee is not charged at the time of subscription and the sales service fee needs to be deducted in the future; Generally speaking, short-term investment can choose no subscription fee category, and long-term investment can choose no sales service fee share. In the actual investment, hold the difference for at least 2 years to save the subscription fee, so in general, you can avoid sharing the subscription fee; In most bond funds, Class A stocks are stocks with subscription fees, while Class B or C stocks are stocks without subscription fees. Some funds have the opposite classification. When applying for purchase, you need to check your choice specially to avoid making mistakes.
From the perspective of investment ratio, there are pure debt funds and partial debt funds (bond funds with a small number of stocks). The difference is that pure bond funds do not invest in stocks (higher yield), while some bond funds can invest in fewer stocks (slightly higher yield). Because bond funds mainly invest in fixed-income bonds, the risk is low and the return is usually not high. In fact, the income and risk of bond funds are between stock funds and money funds. There are certain fluctuations in the bond market. The interest income of the bond itself leads to the lower risk of the bond fund, while the convertible bonds and stocks with gene configuration of the convertible bonds and some bonds are slightly higher in risk, with slightly higher returns and risks.
Bond funds are more suitable for investors with low risk aversion and hope to obtain stable income. Therefore, it is best for investors to regard bond funds as meta-investment, and hold them mainly in yuan. The D-cycle is too short to get good returns, and even lose money when the market is in a downturn. At present, the bond yield has returned to a neutral level, and the future direction of the bond market depends more on new impetus. Where is the economy running? Three-phase superposition? The big pattern, the cyclical downward trend is difficult to reverse, and it is still the bull's head of the bond market. The policy tone is unlikely to change, but there is more room for a comprehensive reduction in the deposit reserve ratio, which may further depress bond yields. For cautious and conservative investors, they may want to continue to hold or increase their holdings of bond funds with very stable performance, and cautious investors can buy them. Investors can allocate credit bonds after the adjustment of the bond market, and the performance of bond funds is more stable.