国债ETF5至10年(511020)：岁月静好，为您守护

Group 1 - The current 10-year government bond and policy bank bond spread has decreased to around 14 basis points, indicating a potential for further compression in the context of market preferences for spread compression strategies [1] - The liquidity and riding value of 5-7 year bonds are highlighted as favorable for mid to long-term investments, while the 30-year government bond is experiencing frequent changes in the main trading bond due to its relatively good liquidity [1] - The 30-year old bonds and 50-year government bonds are recommended for trading, especially for those with strong liquidity demands [1] Group 2 - As of October 22, 2025, the 5-10 year government bond ETF index has increased by 0.02%, with a cumulative increase of 3.36% over the past year [3] - The trading volume for the 5-10 year government bond ETF is active, with a turnover rate of 70.64% and a total transaction value of 1.089 billion yuan [4] - The 5-10 year government bond ETF has a total scale of 1.541 billion yuan, with a net value increase of 21.31% over the past five years, ranking 34 out of 179 in the index bond fund category [4] Group 3 - The management fee for the 5-10 year government bond ETF is 0.15%, and the custody fee is 0.05% [5] - The tracking error for the 5-10 year government bond ETF over the past month is 0.027%, indicating a close tracking of the underlying index [6] - The index consists of actively traded government bonds with maturities of 5, 7, and 10 years, calculated using a non-market capitalization weighted method [6]