Bond funds refer to funds with fixed-income financial instruments such as treasury bonds and financial bonds as their main investment targets. Because the income of these investment products is relatively stable, bond funds are also called "fixed income funds". According to the different proportion of stocks invested, bond funds can be divided into pure bond funds and partial debt funds.

Bond funds have the following characteristics:

(1) faces low risks and gains are low. Because the main investment object of bond funds is bonds. Bonds are characterized by stable income and low risk. Therefore, the investment risk of bond funds is relatively small. However, because bonds are fixed-income products, the return rate of bond funds is not very high compared with equity funds.

(2) The investment cost is relatively low. Because bond investment management does not need as complicated and real-time management as stock investment, the management fee charged by bond funds is also relatively low.

(3) The income obtained is stable. Because the bonds invested by the fund have regular interest returns and promise to repay the principal and interest at maturity, the income of the bond fund is relatively stable.

(4) Pay attention to the current income. Bond funds mainly pursue relatively fixed income in the current period, and lack appreciation potential compared with equity funds, so they are more suitable for investors who are unwilling to take too many risks and seek stable income in the current period.