什么是固定收益类基金？

中文版：

固定收益类基金是一类特殊的投资基金，其主要的投资目标是获取固定的收益。这类基金通常投资于具有固定或稳定现金流的资产，如国债、企业债券、金融债券、定期存款等。固定收益类基金的主要特点是风险相对较低，收益相对稳定，适合追求稳定收益的投资者。

固定收益类基金的投资策略通常包括债券投资、回购交易、货币市场投资等。其中，债券投资是固定收益类基金的主要投资方式，通过购买并持有债券，基金可以获得债券的利息收益和到期时的本金回收。回购交易则是基金利用债券等资产进行短期融资的一种方式，通过回购交易，基金可以获得资金的同时，也保留了债券等资产的所有权。货币市场投资则主要投资于短期高流动性的金融工具，如银行定期存款、商业票据等。

对于投资者而言，选择固定收益类基金时，需要注意基金的投资策略、管理人的专业能力、基金的历史表现等因素。此外，由于固定收益类基金的投资标的主要为固定收益类资产，因此其收益和风险水平也会受到市场利率、信用风险等因素的影响。

英文版：

What is a Fixed-Income Fund?

A fixed-income fund is a specific type of investment fund that primarily aims to generate a stable income stream. These funds typically invest in assets with fixed or stable cash flows, such as treasury bonds, corporate bonds, financial bonds, and time deposits. The main characteristics of fixed-income funds are their relatively low risk and stable returns, making them suitable for investors seeking consistent income.

The investment strategies of fixed-income funds typically include bond investments, repo transactions, and money market investments. Bond investments are the primary investment method for fixed-income funds, where the fund purchases and holds bonds to earn interest income and recover the principal at maturity. Repo transactions are a way for funds to conduct short-term financing using assets such as bonds. Through repo transactions, funds can obtain funds while maintaining ownership of the assets. Money market investments focus on short-term, highly liquid financial instruments such as bank time deposits and commercial paper.

When selecting a fixed-income fund, investors should consider factors such as the fund's investment strategy, the professional capabilities of the fund manager, and the fund's historical performance. Additionally, as fixed-income funds primarily invest in fixed-income assets, their returns and risk levels are also influenced by market interest rates, credit risks, and other factors. Understanding these factors is crucial for making informed investment decisions.