Group 1 - The core viewpoint highlights the investment strategy for various bonds, suggesting to avoid certain maturities for government bonds and focus on specific positions for policy bank bonds [1] - The National Development Bank bond ETF (159651) shows a recent price of 106.31 yuan, with a 1.70% increase over the past year as of August 28, 2025 [1] - The liquidity of the National Development Bank bond ETF is noted, with a turnover rate of 1.03% and a transaction volume of 5.29 million yuan on August 28, 2025 [1] Group 2 - The National Development Bank bond ETF has a maximum drawdown of 0.12% over the past six months, which is the smallest among comparable funds [2] - The management fee for the National Development Bank bond ETF is 0.15%, and the custody fee is 0.05%, making it the lowest in its category [2] - The tracking error for the National Development Bank bond ETF over the past three months is 0.014%, indicating the highest tracking precision among comparable funds [2]