Graded funds, also known as "structured funds", refer to the types of funds that show two-level (or multi-level) risk-return performance with a certain differentiated fund share by decomposing the fund income or net assets under a portfolio. For example, the fund is divided into share A (agreed income share) and share B (leveraged share), with share A agreeing on a certain rate of return, and the remaining assets of share A after deducting the principal and accrued income are all classified as share B, and the losses are borne by the holders of share B to the extent of the net asset value of share B..

Simply put, share A is equivalent to bonds. As long as the fund makes money, it will give priority to the part of A share, and the rest will be allocated to B share after meeting A share ... If it is to avoid risks or the market is not good, you can choose Share A to get a low-risk stable income.

Share B is equivalent to a leveraged fund, and there is a ratio of income distribution between share A and share B, which is leverage multiple. When the overall net value of the account rises, the net value of share B will increase exponentially, and when the overall net value of the account falls, the net value of share B will decrease exponentially. When the market is good, you can invest in share B to get high returns, but you should pay attention to controlling risks.

Belt and Road A and B, Belt and Road A and B, and Roads A and B have similar names. The three funds are Anxin CSI Belt and Road (167503), Zhongrong CSI Belt and Road (16820 1) and Penghua CSI Belt and Road (65433).