Core Viewpoint - The article discusses the characteristics and risks associated with R1-rated funds, emphasizing that "low risk" does not equate to "zero risk" and provides guidance for conservative investors on selecting suitable low-risk funds [1]. Fund Risk Level System - The fund risk level system ranges from R1 to R5, indicating increasing levels of risk and corresponding investor risk tolerance [2]. - R1 funds are considered "quasi-savings" but still carry three main potential risks: yield fluctuation risk, liquidity risk, and minimal credit risk [4][5][6]. R1 Fund Characteristics - R1 funds are suitable for cautious investors seeking capital safety and stable returns, with maximum drawdown typically controlled within 0.5% [7]. - The average annualized return for R1 funds over the past decade is 2.4%, with the maximum single-day decline not exceeding 0.05% [6]. Types of Low-Risk Funds - Money Market Funds: Known for liquidity, suitable for cash management [9]. - Interbank Certificate of Deposit Index Funds: Enhanced yield version of money market funds, with higher yield volatility [9]. - Pure Bond Funds: Core for stable returns, requiring differentiation between short and long-term [9]. Investment Characteristics - Money Market Funds: Seven-day annualized yield ranges from 1.8% to 2.8% [10]. - Interbank Certificate of Deposit Index Funds: Annualized yield over the past three years is between 2.8% and 3.5%, with volatility 1.5 times that of money market funds [10]. - Pure Bond Funds: Short-term pure bond funds yield between 2.5% and 3.2%, while long-term pure bond funds yield between 3.5% and 4.5% [10]. Investment Strategy for Conservative Investors - For conservative investors, a combination of money market funds for cash management, interbank certificate of deposit funds for enhanced yield, and pure bond funds for core returns can achieve a stable annualized return of 2.8% to 4% [13].

值得注意的是，截至一季度末，太平睿安混合基金总份额为3.47亿份，但是某一机构持有该基金3.44亿份，占比为99.21%。 太平基金表示，太平睿安混合基金可能会出现集中赎回或巨额赎回从而引发基金净值剧烈波动或份额净值尾差风险，甚至引发基金的流动性风险。 太平睿安混合基金一季报显示，该基金一季度逢高逐步降低风险资产的仓位，提高纯债类资产的配比，力求获得相对稳健的投资回报。权益持仓结构将维持 均衡偏成长风格，保持科技和医药板块较高关注和持仓，阶段性参与红利资产的投资机会，后续力争在风险可控的基础上增加超额收益。转债在一季度持续 上涨后性价比偏低，精选个券将是组合后续配置转债的重点。 风险提示：观点仅供参考，不构成投资建议，市场有风险，投资需谨慎。基金过往业绩不代表未来表现，基金管理人及基金经理管理的其他基金的业绩并不 构成对本基金业绩表现的保证。 太平睿安混合基金成立于2020年11月，最初由陈晓担任基金经理，2024年1月増聘邵闯为基金经理。 截至2025年4月30日，太平睿安混合A基金成立以来的净值下跌10.02%，近3年的净值下跌2.7%，近1年的净值增长5.86%。 4月30日，太平基金发布公告称，太平睿 ...