国开债券ETF(159651)：您的资金，值得更好的雇主

Core Insights - The Ping An 0-3 National Development Bank Bond ETF (159651) is positioned as a "money+" short-term cash management tool, balancing liquidity management and leveraged interest rate arbitrage [1] - Current market sentiment is moderately optimistic, with a focus on high interest rates and the 30-10Y yield spread, as well as credit spreads [1] - As of October 17, 2025, the ETF has shown a slight increase of 0.02%, with a one-year cumulative growth of 1.59% [1] Performance Metrics - As of October 17, 2025, the ETF's net value has increased by 0.57% over the past six months, ranking 65 out of 490 index bond funds, placing it in the top 13.27% [2] - The ETF has a historical performance record with a maximum consecutive monthly gain of 15 months and a total gain of 3.90%, achieving a 100% annual profit rate [2] - The maximum drawdown over the past six months is 0.12%, which is the lowest among comparable funds [2] Fee Structure and Tracking Accuracy - The management fee for the ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [3] - The tracking error for the ETF over the past six months is 0.014%, indicating the highest tracking accuracy among similar funds [3] - The ETF closely tracks the China Bond 0-3 Year National Development Bank Bond Index, which includes policy bank bonds with a maturity of up to three years [3]