Core Viewpoint - The fixed income funds continue to attract investors despite the recovery of the equity market, with non-monetary fixed income funds seeing significant growth in scale, contributing to the overall increase in public fund size [1] Group 1: Fund Performance - In Q2 of this year, non-monetary fixed income funds grew by over 860 billion yuan, becoming a major driver of public fund growth [1] - As of the end of Q2, the scale of non-monetary fixed income funds managed by Great Wall Fund reached 111.9 billion yuan, maintaining above the 100 billion yuan mark for three consecutive years [1] - Great Wall Fund's fixed income team has been recognized for its investment management capabilities, leading to strong performance across various fixed income products [1][2] Group 2: Product Differentiation - Great Wall Fund has developed a product matrix covering different risk-return characteristics, including low-volatility products, balanced risk-return products, and high-elasticity products [1] - The clear product positioning enhances the distinct "fixed income stability" of each product, allowing fund managers to set clear operational goals [2] Group 3: Specific Fund Highlights - Great Wall Short Bond and Great Wall Enhanced Income are examples of low-volatility products, with respective one-year volatility rates of 0.86% and 1.92%, while maintaining leading performance in their categories [2] - The Great Wall Stable Income fund aims for steady net value growth while controlling drawdown, ranking in the top 30% among ordinary bond funds [3] - The Great Wall Jiu Yue fund, a high-elasticity product, focuses on high-elasticity convertible bonds and has ranked in the top 10% among its peers [3] Group 4: Overall Market Position - Great Wall Fund's fixed income products have consistently delivered stable performance in a complex market environment, ranking in the top 20% for one, two, and three-year returns according to industry assessments [3]

Core Viewpoint - The article emphasizes the importance of selecting potential bond funds in a growing and diverse fund market, highlighting four noteworthy bond products for investors' consideration [1]. Group 1: Tianhong Yongli Bond Fund - Tianhong Yongli Bond Fund is managed by an experienced team led by chief fund manager Jiang Xiaoli, who has 15 years of experience in the securities industry, including 12 years in public fund management [3][4]. - The fund employs a clear investment process and a unique bond timing trading model, focusing on asset allocation and maximizing investment returns through a collaborative team approach [2][4]. - The fund's investment strategy includes a preference for high-quality companies with strong competitive advantages and reasonable valuations, with a focus on industry leaders [4][5]. Group 2: Anxin Target Return Bond Fund - Anxin Target Return Bond Fund is co-managed by Zhang Yifei and Huang Wanshu, utilizing a flexible allocation strategy between convertible bonds and pure bonds to achieve attractive returns [8][9]. - The fund shifted its investment strategy in 2021 to focus primarily on convertible bonds, with a typical allocation range of 40%-90% for convertible bonds since then [10][11]. - The fund's approach includes a combination of top-down and bottom-up investment methods, emphasizing in-depth research on company fundamentals to select undervalued convertible bonds [11]. Group 3: Western Li De Hui Xiang Bond Fund - Western Li De Hui Xiang Bond Fund is managed by Yan Zhiyong, who has 14 years of experience in the securities industry, focusing on credit bonds and flexible allocation of interest rate bonds and convertible bonds [14][15]. - The fund aims to achieve basic coupon income through high-grade credit bonds while enhancing returns with dynamic allocation strategies based on market conditions [16]. - The fund's investment strategy includes a focus on high-grade credit bonds, with a typical allocation of 80%-100% to credit bonds and a maximum of 20% to convertible bonds [16][17]. Group 4: Penghua Fenglu Bond Fund - Penghua Fenglu Bond Fund is led by Liu Tao, who has over 12 years of experience in the securities industry and has consistently delivered strong risk-adjusted returns [19][20]. - The fund focuses on high-grade credit bonds, employing a flexible investment process that includes duration strategies and credit spread optimization to capture market opportunities [19][20]. - The fund maintains a credit bond allocation of 80%-110% and a duration range of 0.5-4 years, with a leverage ratio of 100%-135% to adapt to market changes [20][21].