Core Viewpoint - The recent reduction in deposit interest rates by major state-owned banks indicates a shift towards a low-interest-rate environment, prompting investors to seek alternative investment opportunities such as bond funds [2][4]. Group 1: Deposit Rate Changes - Major state-owned banks have lowered their one-year fixed deposit rates to between 0.95% and 0.98%, reflecting a broader trend of declining interest rates amid global economic pressures [2]. - The current environment marks a significant shift, with deposit rates entering a "zero" era, contrasting sharply with the past when rates above 5% were common [2]. Group 2: Investment Trends - In response to low deposit rates, many investors are turning to bond funds as a relatively stable investment option, with younger investors showing a trend of frequent adjustments to their bond fund positions, averaging 10 times a year [2]. - A report from Xiaohongshu and Ant Wealth highlights that the phrase "Did you collect eggs?" has become common among young investors, indicating a focus on small, consistent gains from bond funds [2]. Group 3: Bond Fund Variations - Different types of bond funds exist, and investors need to understand the characteristics of each to select the most suitable options for their needs [4]. - The "Zhongtai Asset Management Fixed Income Family" offers various products tailored to different investment scenarios, helping investors navigate their choices [4]. Group 4: Specific Bond Fund Products - Zhongtai Shuangli Bond Fund focuses on low volatility and aims to capture more yield opportunities while maintaining a stable investment approach, suitable for those willing to accept some fluctuations for higher returns [6]. - Zhongtai Anyi Interest Rate Bond Fund specializes in government and policy financial bonds, providing a low-risk investment option with a notable performance record since its inception [10][14]. - Zhongtai Anhui Bond Fund invests primarily in AAA-rated credit bonds and liquid interest rate bonds, utilizing futures for risk hedging, making it suitable for long-term stable return seekers [19][21]. - Zhongtai Wenggu 30-Day Holding Short-Duration Bond Fund and Zhongtai Wenggu Weekly Purchase 12-Week Rolling Bond Fund both emphasize steady returns and disciplined investment strategies, appealing to conservative investors [23][26].

Core Viewpoint - The recent recovery in equity markets has led to increased interest in "fixed income +" products, particularly low-volatility variants that offer stable returns with lower drawdowns [1][2] Group 1: Product Overview - The Zhongtai Shuangxin 6-Month Bond Fund (Class A: 023214, Class C: 023215) was launched on May 14, focusing on high-quality bonds as underlying assets, with a maximum of 20% allocated to equity assets [1] - The fund aims to achieve long-term returns exceeding the average fixed income yield while controlling drawdowns through hedging tools [1][3] - A 6-month holding period is set to stabilize fund size and reduce the impact of daily redemptions, allowing for a more strategic long-term investment approach [1] Group 2: Management Team - Fund managers Cheng Bing and Shang Yuanbo have over ten years of experience in securities research and investment, previously managing the Zhongtai Shuangli Bond Fund, which has shown strong performance [2][4] - The Zhongtai Shuangli Bond Fund's Class A net value growth rate reached 9.97% as of March 31, 2025, outperforming its benchmark by 4.04% [2] Group 3: Risk Management and Strategy - The focus of low-volatility "fixed income +" products is on risk-return characteristics rather than just yield, aiming for drawdown control similar to pure bond funds while achieving slightly better long-term returns [3] - Over 80% of the fund's capital will be invested in high-grade credit bonds and interest rate bonds, with equity investments limited to 20% in well-governed industry leaders [3] Group 4: Performance Metrics - The Zhongtai Shuangli Bond Fund has demonstrated superior drawdown management, with a maximum drawdown of only 0.66%, significantly better than the mixed bond index (4.25%) and pure bond index (1.31%) [2][4]

Core Viewpoint - The fund adopts a "fixed income +" strategy with an equity position of 0-20%, aiming for low volatility and long-term stable returns that exceed the benchmark [1][5]. Group 1: Fund Strategy and Structure - The fund focuses on high-quality bonds, primarily credit bonds and long-term government bonds, while also incorporating high-potential equity assets to enhance returns [2][10]. - A six-month holding period is established, allowing for trading on any business day, which balances the advantages of closed operations with liquidity needs [3][4]. Group 2: Performance Metrics - The fund's A share net value growth rate is 9.97% since its inception on September 27, 2022, outperforming the benchmark return of 5.93% [5][20]. - The fund has achieved a maximum drawdown of only 0.66%, significantly better than the mixed bond index (4.25%) and pure bond index (1.31%) [5][6]. Group 3: Management Team - The fund employs a dual fund manager approach, emphasizing strict risk control to ensure stability and profitability for investors [10][14]. - The management team has extensive experience in large fund management and absolute return strategies [12][13]. Group 4: Company Background - Founded in 2014, the asset management company has gained recognition from over 10.12 million users by prioritizing the interests of its investors [15].