Classification of bond funds and what are the types of bond funds

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Bonds, also known as bond-type base key jujube gold, refers to the investment in bonds, which concentrates the funds of many investors to invest in bonds in a portfolio to seek a more stable expected annualized return. According to the classification standard of the China Securities Regulatory Commission for ** categories, more than 80% of the ** assets invested in bonds are bonds**.

1. Classification according to investment targets

In China, the investment objects of bonds** are mainly treasury bonds, financial bonds and corporate bonds. Because the expected annualized expected return of the products it invests in is relatively stable, it is also known as "fixed benefit**".

Treasury bonds: A kind of ** bond issued by **** to raise financial funds, which is a debt certificate issued by **** to investors and promises to pay interest and repay the principal at maturity in a certain period of time. Subject and Purpose:

To make up for the deficit in the country's finances, or to finance some expensive construction projects, certain special economic policies, or even for the war effort. The risk is minimal (guaranteed by the credit of ****, guaranteed by taxes) and the benefit is the lowest (generally higher than the expected annualized interest rate of bank savings deposits of the same maturity).

Financial bonds: Bonds issued by banks and non-bank financial institutions. Subject and Purpose:

Banks and non-bank financial institutions raise funds with greater risk (larger than government bonds and savings deposits, smaller than corporate bonds) and higher benefits (lower than corporate bonds, higher than government bonds and bank savings deposits).

Corporate bonds: bonds issued by enterprises in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. Subject and purpose: The enterprise raises funds The risk is the greatest and the benefit is the highest.

2. Classified according to the proportion of bonds

According to the different proportions of investment**, bond** can be divided into pure bond** and partial debt**. The difference between the two is that the pure debt type does not invest, while the partial debt type can invest a small amount. The advantage of partial debt is that it can flexibly allocate assets according to market trends and share the opportunities brought by the market under the condition of controlling risks.

What are the types of bonds**? What is the basis for classification? Let's tell you about it.

Types of bonds**.

1. Standard, Normal, and Specific Strategy.

1.Standard bond type**, which only invests in fixed income financial instruments and cannot invest in the **market, is often referred to as "pure debt**".

2.Ordinary bonds** are familiar to many investors, accounting for more than 90% of the total amount of bonds**, which can be further subdivided into two categories: those that can participate in the subscription and additional issuance of new shares in the primary market are called "primary bond bases"; Those that can participate in both the primary market and the secondary market** are called "secondary bonds".

3.Specific strategy bonds**, such as the CSI 50 Bonds** being issued, fall into this category.

Types of bonds**.

2. Pure debt, primary debt and secondary debt.

1.Pure debt is only invested in the bond market, not in the **.

2.Tier 1 bonds can be used up to 20% of the ** investment stocks and convertible bonds, that is to say, new shares can be listed. However, the new regulations of the China Securities Regulatory Commission do not allow institutions to make new ones, so the first-tier bonds will become a thing of the past in the future.

3.Secondary bonds can be invested in the secondary market with a maximum of 20% of the amount, that is, they can be bought and sold directly. For example, Southern Guangli (202107).

The type of bond type ** is answered.

3. Fixed-leverage, closed-ended, and fixed-leverage, and variable-leverage, and semi-open-ended.

1.Fixed leverage, closed-end graded bond base. The proportion of A:B shares of this type of graded bond remains unchanged, and AB is listed and traded separately and cannot be converted in pairs. Such as: TEDA Juli, Fuguo Huili, Dacheng Jingfeng, SPDB Profit, Haifutong Profit.

2.Fixed leveraged open-ended graded bond base. The proportion of A:B shares of this type of graded bond remains unchanged, and AB is listed and traded separately and can be converted in pairs. Such as: Castrol Dory, CEIBS Dingli, Cathay Pacific Mutual Benefit.

3.Variable leverage, semi-open-ended graded bond base. The **A share of this type of graded bond is not listed and traded, and is open for subscription and redemption on a regular basis and the net value is 1, and the **b share of graded bond is listed and traded, A:

The proportion of B shares changes according to the subscription and redemption of A shares on the open day. Such as: Eagle Lasting Return, Changxin Lixin, Bosera Yuxiang, Wanjia Tianli, Fuguo Tianying, Xincheng Shuangying, Cinda Profit.

In addition to understanding the investment scope of different bonds**, investors should also understand their charging rules. Many bonds** will be classified as Class A B, or Class A B C. Taking ABC Permanent Profit Enhancement Bond** as an example, ABC Profit Enhancement Class A charges subscription fees and redemption fees, which is suitable for long-term investors; ABC does not charge a subscription and redemption fee for Class C shares, but charges an annual sales service fee.

If an investor wants to invest 50,000 yuan in the ** and hold it for 3 years, if ABC is selected to increase profits A, the total handling fee is a subscription fee, and the redemption fee is zero); If ABC is selected to increase profits, its handling fee is an annual sales service fee, a total of 3 years), which is obviously more economical for the former.

Therefore, investors who invest in bonds** should carefully look for the type of bond** that suits them in order to achieve satisfactory investment results.

In China, Gentan's bonds can be classified differently according to different classification standards:

1) According to the different issuers, bonds can be divided into several categories, such as national bonds, financial bonds, and corporate bonds.

2) According to the length of the repayment period, bonds can be divided into short-term bonds, medium-term bonds, long-term bonds and permanent bonds.

3) According to the different payment methods of interest, bonds can generally be divided into interest-bearing guess bonds and discount bonds.

4) According to the issuance method of bonds, that is, whether they are publicly transferred to the trillion development bank, they can be divided into public bonds and private bonds.

5) According to whether there is collateral or not, bonds can be divided into credit bonds, mortgage bonds and guaranteed bonds.

You can invest in bonds through Huatai**'s one-stop wealth management platform - "Fortune Connect" - trading page.

1. Standard bond type**, only invest in fixed-income financial industry and industry disorderly companions, not in the **market, often called "pure debt**".

2. Ordinary bonds** are familiar to many investors, accounting for more than 90% of the total amount of bonds**, which can be further subdivided into two categories: those that can participate in the subscription and issuance of new shares in the primary market are called "primary debt bases"; Those that can participate in both the primary market and the secondary market** are called "secondary bond base bands".

3. Specific strategy bonds**, such as CSI 50 bonds**, belong to this category.