Group 1 - The South Fund's Shanghai Stock Exchange Corporate Bond ETF (code: 511070) has surpassed 10 billion yuan in scale, becoming a significant benchmark in the credit bond ETF market, reflecting broad market recognition and providing investors with diverse asset allocation options [1] - The ETF closely tracks the Shanghai benchmark market-making corporate bond index, with all constituent bonds rated AAA and over 99% issued by central and state-owned enterprises, ensuring strict control of credit risk [3] - The ETF offers low fees, high transparency, and efficient trading mechanisms, making it a preferred choice in the market, with a duration of approximately 4 years and a static yield between the implied ratings of AA+ and AAA- for 5-year bonds [3] Group 2 - The ETF has shown higher returns over the past year and two years compared to the median returns of medium to long-term pure bond funds, indicating strong elasticity [3] - As of May 28, the ETF's average daily trading volume over the past month was 3.46 billion yuan, with a daily turnover rate of 47.9%, highlighting its active trading and high liquidity [3] - A pilot program for general pledged repurchase business for credit bond ETFs is set to be implemented soon, allowing eligible ETFs with a scale exceeding 2 billion yuan to participate, potentially enhancing fund utilization efficiency for investors [4]