{"id":74,"date":"2025-07-06T16:48:08","date_gmt":"2025-07-06T07:48:08","guid":{"rendered":"https:\/\/investpulse365.com\/?p=74"},"modified":"2025-07-06T16:48:08","modified_gmt":"2025-07-06T07:48:08","slug":"%e3%80%90%e5%a1%a9%e6%bc%ac%e3%81%91%e5%9c%b0%e7%8d%84%e3%80%91tmf%e3%81%ae%e9%95%b7%e6%9c%9f%e4%bf%9d%e6%9c%89%e3%81%8c%e7%b5%b6%e5%af%beng%e3%81%aa3%e3%81%a4%e3%81%ae%e7%90%86%e7%94%b1%ef%bd%9c2022","status":"publish","type":"post","link":"https:\/\/investpulse365.com\/?p=74","title":{"rendered":"\u3010\u5869\u6f2c\u3051\u5730\u7344\u3011TMF\u306e\u9577\u671f\u4fdd\u6709\u304c\u7d76\u5bfeNG\u306a3\u3064\u306e\u7406\u7531\uff5c2022\u5e74\u304b\u3089\u6301\u3061\u7d9a\u3051\u305f\u4eba\u306e\u672b\u8def"},"content":{"rendered":"\n

\u300c\u5b89\u304f\u306a\u3063\u305f\u4eca\u304c\u8cb7\u3044\u6642\u3002\u9577\u671f\u3067\u6301\u3066\u3070\u3044\u3064\u304b\u306f\u4e0a\u304c\u308b\u306f\u305a\u300d<\/p>\n\n\n\n

TMF<\/strong>\u3084\u30ec\u30d0\u30ec\u30c3\u30b8ETF<\/strong>\u3078\u306e\u6295\u8cc7\u3067\u3001\u305d\u3093\u306a\u98a8\u306b\u8003\u3048\u3066\u3044\u307e\u305b\u3093\u304b\uff1f\u305d\u306e\u8003\u3048\u306f\u3001\u3042\u306a\u305f\u306e\u8cc7\u7523\u3092\u5371\u967a\u306b\u6652\u3059\u3001\u5178\u578b\u7684\u306a\u843d\u3068\u3057\u7a74\u3067\u3059\u3002<\/p>\n\n\n\n

2022\u5e74\u304b\u3089\u306e\u6025\u6fc0\u306a\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u3001TMF\u3092\u9577\u671f\u4fdd\u6709<\/strong>\u3057\u305f\u6295\u8cc7\u5bb6\u306e\u591a\u304f\u304c\u3001\u60f3\u50cf\u3092\u7d76\u3059\u308b\u542b\u307f\u640d\u3068\u3044\u3046\u5869\u6f2c\u3051\u5730\u7344<\/strong>\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002\u306a\u305c\u300c\u30ca\u30f3\u30d4\u30f3\u8cb7\u3044\u300d\u3084\u300c\u30ac\u30c1\u30db\u300d\u3068\u3044\u3063\u305f\u4e00\u822c\u7684\u306a\u6295\u8cc7\u6226\u7565\u304cTMF<\/strong>\u306b\u304a\u3044\u3066\u81f4\u547d\u7684\u306a\u306e\u304b\u3001\u305d\u306e\u30ea\u30b9\u30af<\/strong>\u3092\u5177\u4f53\u7684\u306a\u30c7\u30fc\u30bf\u30683\u3064\u306e\u7406\u7531\u304b\u3089\u5fb9\u5e95\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u203b\u672c\u8a18\u4e8b\u306f\u30ec\u30d0\u30ec\u30c3\u30b8ETF<\/strong>\u306e\u30ea\u30b9\u30af<\/strong>\u306b\u95a2\u3059\u308b\u6295\u8cc7\u6559\u80b2\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u7279\u5b9a\u306e\u6295\u8cc7\u884c\u52d5\u3092\u63a8\u5968\u30fb\u52e7\u8a98\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3059\u3079\u3066\u306e\u6295\u8cc7\u5224\u65ad\u306f\u81ea\u5df1\u8cac\u4efb\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u885d\u6483\u30112022\u5e74\u304b\u3089TMF\u3092\u5869\u6f2c\u3051\u3057\u305f\u6295\u8cc7\u5bb6\u306e\u60b2\u60e8\u306a\u73fe\u5b9f<\/h3>\n\n\n\n

\u307e\u305a\u3001\u76ee\u3092\u80cc\u3051\u305a\u306b\u73fe\u5b9f\u3092\u76f4\u8996\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u3082\u30572022\u5e741\u6708\u306e\u9ad8\u5024\u570f\u3067TMF<\/strong>\u3092100\u4e07\u5186\u5206\u8cfc\u5165\u3057\u30012024\u5e7412\u6708\u307e\u3067\u9577\u671f\u4fdd\u6709<\/strong>\u3057\u7d9a\u3051\u305f\u5834\u5408\u306e\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u7d50\u679c\u306f\u3001\u3042\u307e\u308a\u306b\u3082\u6b8b\u9177\u3067\u3059\u3002<\/p>\n\n\n\n

    \n
  • 2022\u5e741\u6708\uff08\u6295\u8cc7\u984d\uff09<\/strong>: 100\u4e07\u5186\uff08\u5f53\u6642\u306e\u4fa1\u683c \u7d04$30\uff09<\/li>\n\n\n\n
  • 2024\u5e7412\u6708\uff08\u8a55\u4fa1\u984d\uff09<\/strong>: \u7d0415\u4e07\u5186\uff08\u5f53\u6642\u306e\u4fa1\u683c \u7d04$4.5\uff09<\/li>\n\n\n\n
  • \u640d\u5931\u7387<\/strong>: \u7d04-85%<\/strong><\/li>\n<\/ul>\n\n\n\n

    \u300c\u9577\u671f\u6295\u8cc7\u306f\u5831\u308f\u308c\u308b\u300d\u3068\u3044\u3046\u6295\u8cc7\u306e\u5e38\u8b58\u304c\u3001\u30ec\u30d0\u30ec\u30c3\u30b8ETF<\/strong>\u3067\u3042\u308bTMF<\/strong>\u306b\u306f\u4e00\u5207\u901a\u7528\u3057\u306a\u3044\u3053\u3068\u304c\u3001\u3053\u306e\u7d50\u679c\u304b\u3089\u75db\u3044\u307b\u3069\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

    \u306a\u305c\u3053\u306e\u3088\u3046\u306a\u60b2\u60e8\u306a\u7d50\u679c\u3092\u62db\u3044\u3066\u3057\u307e\u3046\u306e\u304b\uff1f\u305d\u306e\u6838\u5fc3\u7684\u306a\u7406\u7531\u30923\u3064\u306e\u89b3\u70b9\u304b\u3089\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

    \u7406\u7531\u2460\uff1a\u6bce\u65e5\u8cc7\u7523\u304c\u76ee\u6e1b\u308a\u3059\u308b\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0\u300d\u306e\u7f60<\/h3>\n\n\n\n

    TMF<\/strong>\u306e\u9577\u671f\u4fdd\u6709<\/strong>\u3092\u4e0d\u53ef\u80fd\u306b\u3059\u308b\u6700\u5927\u306e\u8981\u56e0\u304c\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0<\/strong>\u306b\u3088\u308b\u6e1b\u4fa1<\/strong>\u3067\u3059\u3002\u3053\u308c\u306f\u30ec\u30d0\u30ec\u30c3\u30b8ETF<\/strong>\u304c\u69cb\u9020\u7684\u306b\u62b1\u3048\u308b\u907f\u3051\u3089\u308c\u306a\u3044\u6b20\u9665\u3067\u3059\u3002<\/p>\n\n\n\n

    \u4e0a\u4e0b\u52d5\u3060\u3051\u3067\u8cc7\u7523\u304c\u524a\u3089\u308c\u308b\u6570\u5b66\u7684\u6b20\u9665<\/h4>\n\n\n\n

    \u4f8b\u3048\u3070\u3001\u539f\u8cc7\u7523\u3067\u3042\u308b\u7c73\u56fd\u9577\u671f\u56fd\u50b5<\/strong>\u304c1\u9031\u9593\u3067\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u4e0a\u4e0b\u52d5\u3092\u7e70\u308a\u8fd4\u3057\u305f\u3068\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

    \u3010\u539f\u8cc7\u7523\uff08\u7c73\u56fd\u9577\u671f\u56fd\u50b5\uff09\u306e\u5024\u52d5\u304d\u4f8b\u3011<\/strong><\/p>\n\n\n\n

      \n
    • \u30b9\u30bf\u30fc\u30c8<\/strong>: 100\u5186<\/li>\n\n\n\n
    • \u6708\u66dc\u65e5<\/strong>: 100\u5186 \u2192 105\u5186 (+5%)<\/code><\/li>\n\n\n\n
    • \u706b\u66dc\u65e5<\/strong>: 105\u5186 \u2192 100\u5186 (-4.76%)<\/code><\/li>\n\n\n\n
    • \u6c34\u66dc\u65e5<\/strong>: 100\u5186 \u2192 105\u5186 (+5%)<\/code><\/li>\n\n\n\n
    • \u6728\u66dc\u65e5<\/strong>: 105\u5186 \u2192 100\u5186 (-4.76%)<\/code><\/li>\n\n\n\n
    • \u91d1\u66dc\u65e5<\/strong>: 100\u5186 \u2192 105\u5186 (+5%)<\/code><\/li>\n\n\n\n
    • \u9031\u9593\u30ea\u30bf\u30fc\u30f3<\/strong>: +5%<\/strong><\/li>\n<\/ul>\n\n\n\n

      \u3053\u306e\u9593\u3001TMF<\/strong>\u306e\u4fa1\u683c\u306f\u3069\u3046\u52d5\u304f\u3067\u3057\u3087\u3046\u304b\u3002\u5358\u7d14\u8a08\u7b97\u3067\u306f+5% \u00d7 3\u500d = +15%<\/code>\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u304c\u3001\u73fe\u5b9f\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

      \u3010TMF\uff083\u500d\u30ec\u30d0\u30ec\u30c3\u30b8\uff09\u306e\u5b9f\u969b\u306e\u5024\u52d5\u304d\u3011<\/strong><\/p>\n\n\n\n

        \n
      • \u30b9\u30bf\u30fc\u30c8<\/strong>: 100\u5186<\/li>\n\n\n\n
      • \u6708\u66dc\u65e5<\/strong>: 100\u5186 \u2192 115\u5186 (+15%)<\/code><\/li>\n\n\n\n
      • \u706b\u66dc\u65e5<\/strong>: 115\u5186 \u2192 98.58\u5186 (-14.28%)<\/code><\/li>\n\n\n\n
      • \u6c34\u66dc\u65e5<\/strong>: 98.58\u5186 \u2192 113.37\u5186 (+15%)<\/code><\/li>\n\n\n\n
      • \u6728\u66dc\u65e5<\/strong>: 113.37\u5186 \u2192 97.18\u5186 (-14.28%)<\/code><\/li>\n\n\n\n
      • \u91d1\u66dc\u65e5<\/strong>: 97.18\u5186 \u2192 111.76\u5186 (+15%)<\/code><\/li>\n\n\n\n
      • \u9031\u9593\u30ea\u30bf\u30fc\u30f3<\/strong>: +11.76%<\/strong><\/li>\n<\/ul>\n\n\n\n

        \u3054\u89a7\u306e\u901a\u308a\u3001\u7406\u8ad6\u5024\u3067\u3042\u308b**+15%\u306b\u306f\u9060\u304f\u53ca\u3070\u305a\u3001\u7d043.24%\u3082\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u6d88\u5931\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u304c<\/strong>\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0**\u306e\u6b63\u4f53\u3067\u3059\u3002\u4fa1\u683c\u304c\u4e0a\u4e0b\u3059\u308b\u3060\u3051\u3067\u3001\u30ea\u30bf\u30fc\u30f3\u304c\u524a\u3089\u308c\u3066\u3044\u304f\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

        \u5e74\u959310%\u8d85\u306e\u6e1b\u4fa1\u3082\u8d77\u3053\u308a\u3046\u308b<\/h4>\n\n\n\n

        TMF<\/strong>\u306e\u3088\u3046\u306b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u4fa1\u683c\u5909\u52d5\u7387\uff09\u304c\u9ad8\u3044\u5546\u54c1\u3067\u306f\u3001\u6a2a\u3070\u3044\u76f8\u5834\u304c\u7d9a\u304f\u3060\u3051\u3067\u5e74\u738710%\u301c15%\u3082\u306e\u6e1b\u4fa1<\/strong>\u304c\u767a\u751f\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

          \n
        • \u65e5\u3005\u306e\u30ea\u30d0\u30e9\u30f3\u30b9\u306b\u3088\u308b\u8907\u5229\u52b9\u679c\u306e\u6b6a\u307f<\/li>\n\n\n\n
        • \u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u3044\u307b\u3069\u6e1b\u4fa1<\/strong>\u306f\u52a0\u901f\u3059\u308b<\/li>\n\n\n\n
        • \u9577\u671f\u4fdd\u6709<\/strong>\u3059\u308b\u307b\u3069\u5f71\u97ff\u306f\u96ea\u3060\u308b\u307e\u5f0f\u306b\u84c4\u7a4d\u3059\u308b<\/li>\n<\/ul>\n\n\n\n

          \u7279\u306b2022\u5e74\u4ee5\u964d\u306e\u9577\u671f\u91d1\u5229\u304c\u4e71\u9ad8\u4e0b\u3059\u308b\u76f8\u5834\u3067\u306f\u3001\u3053\u306e\u6e1b\u4fa1<\/strong>\u306e\u5f71\u97ff\u304c\u9855\u8457\u306b\u73fe\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

          \u7406\u7531\u2461\uff1a\u30ea\u30bf\u30fc\u30f3\u3092\u78ba\u5b9f\u306b\u8755\u3080\u300c\u9ad8\u3044\u7d4c\u8cbb\u7387\u300d<\/h3>\n\n\n\n

          TMF<\/strong>\u306e\u5e74\u9593\u7d4c\u8cbb\u7387\uff08\u4fe1\u8a17\u5831\u916c\uff09\u306f**\u7d041.05%**\u3067\u3059\u3002\u3053\u308c\u306f\u4e00\u822c\u7684\u306a\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d5\u30a1\u30f3\u30c9\uff08\u4f8b\uff1aS&P500\u9023\u52d5\u578b\u30670.1%\u7a0b\u5ea6\uff09\u3068\u6bd4\u8f03\u3057\u3066\u300110\u500d\u4ee5\u4e0a\u3082\u9ad8\u3044\u30b3\u30b9\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n

          \u9577\u671f\u4fdd\u6709\u3067\u30dc\u30c7\u30a3\u30d6\u30ed\u30fc\u306e\u3088\u3046\u306b\u52b9\u304f\u30b3\u30b9\u30c8<\/h4>\n\n\n\n

          \u3053\u306e**1.05%**\u3068\u3044\u3046\u7d4c\u8cbb\u7387\u306f\u3001\u8907\u5229\u3067\u3042\u306a\u305f\u306e\u8cc7\u7523\u3092\u5185\u5074\u304b\u3089\u524a\u308a\u53d6\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

            \n
          • 10\u5e74\u9593\u4fdd\u6709\u3057\u305f\u5834\u5408\u306e\u30b3\u30b9\u30c8<\/strong>: \u7d04-10%<\/strong><\/li>\n<\/ul>\n\n\n\n

            \u3053\u308c\u306f\u3042\u304f\u307e\u3067\u4fa1\u683c\u5909\u52d5\u304c\u30bc\u30ed\u306e\u5834\u5408\u306e\u8a08\u7b97\u3067\u3059\u3002\u5b9f\u969b\u306b\u306f\u3001\u524d\u8ff0\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0<\/strong>\u3068\u3053\u306e\u9ad8\u3044\u7d4c\u8cbb\u7387<\/strong>\u304c\u30c0\u30d6\u30eb\u30d1\u30f3\u30c1\u3068\u306a\u308a\u3001\u6295\u8cc7\u5bb6\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u78ba\u5b9f\u306b\u8755\u307f\u307e\u3059\u3002<\/p>\n\n\n\n

            \u30ec\u30d0\u30ec\u30c3\u30b8ETF\u306e\u9ad8\u3044\u7d4c\u8cbb\u7387\u306e\u7406\u7531<\/h4>\n\n\n\n
              \n
            • \u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u53d6\u5f15\u306e\u30b3\u30b9\u30c8<\/strong>: \u5148\u7269\u3084\u30b9\u30ef\u30c3\u30d7\u5951\u7d04\u306e\u7dad\u6301\u7ba1\u7406\u8cbb\u7528<\/li>\n\n\n\n
            • \u65e5\u6b21\u30ea\u30d0\u30e9\u30f3\u30b9\u306e\u30b3\u30b9\u30c8<\/strong>: \u6bce\u65e5\u306e\u7169\u96d1\u306a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u8abf\u6574\u8cbb\u7528<\/li>\n\n\n\n
            • \u8cc7\u91d1\u8abf\u9054\u30b3\u30b9\u30c8<\/strong>: \u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u308b\u305f\u3081\u306e\u501f\u5165\u91d1\u5229<\/li>\n<\/ul>\n\n\n\n

              \u3053\u308c\u3089\u306e\u8907\u96d1\u306a\u904b\u7528\u30b3\u30b9\u30c8\u304c\u3001\u3059\u3079\u3066\u6295\u8cc7\u5bb6\u306b\u8ee2\u5ac1\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

              \u7406\u7531\u2462\uff1a\u6570\u5e74\u9593\u6d6e\u4e0a\u3067\u304d\u306a\u3044\u300c\u91d1\u5229\u30b5\u30a4\u30af\u30eb\u300d\u306e\u6050\u6016<\/h3>\n\n\n\n

              2022\u5e74\u4ee5\u964d\u3001FRB\uff08\u7c73\u56fd\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u306f\u6b74\u53f2\u7684\u306a\u30b9\u30d4\u30fc\u30c9\u3067\u6025\u6fc0\u306a\u5229\u4e0a\u3052\u3092\u5b9f\u65bd\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

              \u3010\u53c2\u8003\uff1a\u653f\u7b56\u91d1\u5229\u306e\u63a8\u79fb\u3011<\/strong><\/p>\n\n\n\n

                \n
              • 2022\u5e741\u6708: 0.25%<\/li>\n\n\n\n
              • 2023\u5e747\u6708: 5.25%\uff08\u30d4\u30fc\u30af\uff09<\/li>\n\n\n\n
              • 2024\u5e7412\u6708: 4.50%\uff08\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u5024\uff09<\/li>\n<\/ul>\n\n\n\n

                \u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u50b5\u5238\u4fa1\u683c\u306f\u4e0b\u843d\u3057\u307e\u3059\u3002TMF<\/strong>\u306f\u3001\u305d\u306e\u4e0b\u843d\u306e3\u500d<\/strong>\u306e\u30c0\u30e1\u30fc\u30b8\u3092\u53d7\u3051\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n

                TMF\u306e\u30ca\u30f3\u30d4\u30f3\u8cb7\u3044\u304c\u3044\u304b\u306b\u5371\u967a\u3060\u3063\u305f\u304b<\/h4>\n\n\n\n

                2022\u5e74\u304b\u3089TMF<\/strong>\u3092\u9577\u671f\u4fdd\u6709<\/strong>\u3057\u3001\u3055\u3089\u306b\u4e0b\u843d\u5c40\u9762\u3067\u8cb7\u3044\u5897\u3057\uff08\u30ca\u30f3\u30d4\u30f3\uff09\u3057\u305f\u6295\u8cc7\u5bb6\u306e\u4eee\u60f3\u30b7\u30ca\u30ea\u30aa\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                  \n
                • A\u3055\u3093\uff0830\u4ee3\u4f1a\u793e\u54e1\uff09\u306e\u5834\u5408<\/strong>:\n
                    \n
                  • 2022\u5e741\u6708<\/strong>: \u300c\u5229\u4e0a\u3052\u306f\u4e00\u6642\u7684\u3002\u4eca\u304c\u30c1\u30e3\u30f3\u30b9\u3060\u300d\u3068TMF<\/strong>\u306b300\u4e07\u5186\u6295\u8cc7\u3002<\/li>\n\n\n\n
                  • 2022\u5e7412\u6708<\/strong>: \u8a55\u4fa1\u984d\u304c150\u4e07\u5186\u306b\u6e1b\u5c11\uff08-50%\uff09\u3002\u300c\u9577\u671f\u3067\u898b\u308c\u3070\u5927\u4e08\u592b\u3002\u3080\u3057\u308d\u8cb7\u3044\u5897\u3057\u3060\u300d\u3068\u7126\u308b\u3002<\/li>\n\n\n\n
                  • 2023\u5e7412\u6708<\/strong>: 100\u4e07\u5186\u3092\u8ffd\u52a0\u6295\u8cc7\u3059\u308b\u3082\u3001\u8a55\u4fa1\u984d\u306f\u3055\u3089\u306b\u6e1b\u5c11\u305760\u4e07\u5186\u306b\u3002<\/li>\n\n\n\n
                  • 2024\u5e7412\u6708<\/strong>: \u5408\u8a08400\u4e07\u5186<\/strong>\u3092\u6295\u3058\u305f\u7d50\u679c\u3001\u8a55\u4fa1\u984d\u306f80\u4e07\u5186<\/strong>\u306b\u3002\u640d\u5931\u984d320\u4e07\u5186\u3001\u640d\u5931\u7387-80%\u3067\u5869\u6f2c\u3051\u5730\u7344<\/strong>\u304c\u5b8c\u6210\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                    \u6b74\u53f2\u7684\u306b\u898b\u3066\u3082\u3001\u91d1\u5229\u306e\u4e0a\u6607\u30fb\u9ad8\u6b62\u307e\u308a\u5c40\u9762\u306f\u6570\u5e74\u9593\u7d9a\u304f\u3053\u3068\u304c\u591a\u304f\u3001\u5b89\u6613\u306a\u300c\u30ac\u30c1\u30db\u300d\u6226\u7565\u304c\u3044\u304b\u306b\u5371\u967a\u304b\u3092\u7269\u8a9e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                    \u3010\u7d50\u8ad6\u3011TMF\u306f\u300c\u30ed\u30de\u30f3\u7832\u300d\u3002\u9577\u671f\u5b89\u5b9a\u8cc7\u7523\u3067\u306f\u306a\u3044<\/h3>\n\n\n\n

                    TMF<\/strong>\u306e\u9577\u671f\u4fdd\u6709<\/strong>\u304c\u7d76\u5bfeNG\u306a\u7406\u7531\u3092\u307e\u3068\u3081\u307e\u3059\u3002<\/p>\n\n\n\n

                      \n
                    1. \u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0<\/strong>: \u69cb\u9020\u7684\u6b20\u9665\u306b\u3088\u308a\u3001\u6301\u3063\u3066\u3044\u308b\u3060\u3051\u3067\u8cc7\u7523\u304c\u6e1b\u4fa1<\/strong>\u3059\u308b\u3002<\/li>\n\n\n\n
                    2. \u9ad8\u3044\u7d4c\u8cbb\u7387\uff081.05%\uff09<\/strong>: \u9ad8\u30b3\u30b9\u30c8\u304c\u8907\u5229\u3067\u30ea\u30bf\u30fc\u30f3\u3092\u524a\u308a\u7d9a\u3051\u308b\u3002<\/li>\n\n\n\n
                    3. \u91d1\u5229\u30b5\u30a4\u30af\u30eb<\/strong>: \u4e00\u5ea6\u30cf\u30de\u308b\u3068\u6570\u5e74\u9593\u6d6e\u4e0a\u3067\u304d\u306a\u3044\u30ea\u30b9\u30af<\/strong>\u304c\u3042\u308b\u3002<\/li>\n<\/ol>\n\n\n\n

                      \u3053\u308c\u3089\u306e\u8981\u56e0\u304c\u8907\u5408\u7684\u306b\u7d61\u307f\u5408\u3046\u3053\u3068\u3067\u30012022\u5e74\u304b\u3089\u306e\u4fdd\u6709\u8005\u306f**-85%**\u3068\u3044\u3046\u58ca\u6ec5\u7684\u306a\u640d\u5931\u3092\u88ab\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                      TMF\u3068\u306e\u6b63\u3057\u3044\u4ed8\u304d\u5408\u3044\u65b9<\/h4>\n\n\n\n

                      TMF<\/strong>\u306f\u9577\u671f\u4fdd\u6709<\/strong>\u3059\u308b\u8cc7\u7523\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u300c\u30ed\u30de\u30f3\u7832\u300d\u3068\u3057\u3066\u77ed\u671f\u6c7a\u6226\u3067\u306e\u307f\u6709\u52b9\u306a\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30c4\u30fc\u30eb\u3067\u3059\u3002<\/p>\n\n\n\n

                        \n
                      • \u4fdd\u6709\u671f\u9593<\/strong>: \u6570\u65e5\u301c\u6570\u9031\u9593<\/strong>\u306e\u77ed\u671f\u58f2\u8cb7\u306b\u5fb9\u3059\u308b<\/li>\n\n\n\n
                      • \u6295\u8cc7\u91d1\u984d<\/strong>: \u5168\u8cc7\u7523\u306e5%\u4ee5\u4e0b<\/strong>\u306e\u4f59\u88d5\u8cc7\u91d1\u306b\u9650\u5b9a\u3059\u308b<\/li>\n\n\n\n
                      • \u30eb\u30fc\u30eb<\/strong>: \u660e\u78ba\u306a\u5229\u76ca\u78ba\u5b9a\u30fb\u640d\u5207\u308a\u30eb\u30fc\u30eb\u3092\u4e8b\u524d\u306b\u6c7a\u3081\u308b<\/li>\n\n\n\n
                      • \u5fc3\u69cb\u3048<\/strong>: \u300c\u5b9d\u304f\u3058\u300d\u611f\u899a\u3067\u3001\u7121\u304f\u306a\u3063\u3066\u3082\u826f\u3044\u8cc7\u91d1\u3067\u6295\u8cc7\u3059\u308b<\/li>\n<\/ul>\n\n\n\n

                        TMF<\/strong>\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u6838\u306b\u636e\u3048\u308b\u3088\u3046\u306a\u3001\u9577\u671f\u6295\u8cc7<\/strong>\u306e\u5bfe\u8c61\u3068\u3057\u3066\u8003\u3048\u308b\u306e\u306f\u7d76\u5bfe\u306b\u3084\u3081\u3066\u304f\u3060\u3055\u3044\u3002\u3042\u306a\u305f\u306e\u8cc7\u7523\u3092\u5b88\u308b\u305f\u3081\u306b\u3001\u3053\u306e\u4e8b\u5b9f\u3092\u809d\u306b\u9298\u3058\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                        \n\n\n\n

                        \u3010\u4e0a\u7d1a\u8005\u5411\u3051\u3011\u72ec\u5275\u7684\u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u6226\u7565\u7684\u4ee3\u66ff\u6848<\/h3>\n\n\n\n

                        \u8996\u70b9\u2460\uff1a\u30c9\u30e9\u30c3\u30b0\u8abf\u6574\u5f8c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08DAD\uff09<\/h4>\n\n\n\n

                        \u30ec\u30d0\u30ec\u30c3\u30b8ETF<\/strong>\u3092\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u8abf\u6574\u76ee\u7684\u3067\u4f7f\u3046\u5834\u5408\u3001\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fb\u30c9\u30e9\u30c3\u30b0\u306b\u3088\u308b\u5b9f\u8cea\u7684\u306a\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u77ed\u7e2e\u300d\u3092\u8003\u616e\u3059\u308bDAD<\/strong>\u3068\u3044\u3046\u6982\u5ff5\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

                        DAD = \u539f\u8cc7\u7523\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3 \u00f7 (1 + \u5e74\u9593\u30c9\u30e9\u30c3\u30b0\u7387)<\/code><\/p>\n\n\n\n

                        \u4f8b\u3048\u3070\u3001\u539f\u8cc7\u7523\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c18\u5e74\u3001TMF\u306e\u5e74\u9593\u30c9\u30e9\u30c3\u30b0\u7387\u304c15%\u306a\u3089\u3001DAD = 18 \u00f7 1.15 \u2252 15.7\u5e74<\/code>\u3068\u306a\u308a\u307e\u3059\u3002\u671f\u5f85\u3057\u305f\u30ea\u30b9\u30af\u611f\u5fdc\u5ea6\uff083\u500d\uff09\u304c\u5f97\u3089\u308c\u305a\u3001\u30d8\u30c3\u30b8\u304c\u6a5f\u80fd\u3057\u306a\u3044\u53ef\u80fd\u6027\u3092\u53ef\u8996\u5316\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                        \u8996\u70b9\u2461\uff1a\u6226\u7565\u7684\u4ee3\u66ff\u6848<\/h4>\n\n\n\n

                        TMF<\/strong>\u306e\u9ad8\u3044\u30b3\u30b9\u30c8\u3068\u30c9\u30e9\u30c3\u30b0\u3092\u56de\u907f\u3059\u308b\u306a\u3089\u3001\u4ee5\u4e0b\u306e\u4ee3\u66ff\u6848\u3082\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                          \n
                        1. \u5148\u7269\uff0b\u30ad\u30e3\u30c3\u30b7\u30e5<\/strong>: 10\u5e74\u56fd\u50b5\u5148\u7269\u3068T-Bill\u306e\u7d44\u307f\u5408\u308f\u305b\u3002\u4f4e\u30b3\u30b9\u30c8\u3060\u304c\u30ed\u30fc\u30eb\u7ba1\u7406\u304c\u5fc5\u9808\u3002<\/li>\n\n\n\n
                        2. OTM\u30b3\u30fc\u30eb\u306e\u5206\u6563\u8cfc\u5165<\/strong>: \u6700\u5927\u640d\u5931\u3092\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u9650\u5b9a\u3057\u3001\u4e0a\u6607\u5c40\u9762\u306e\u307f\u3092\u72d9\u3046\u3002<\/li>\n<\/ol>\n\n\n\n

                          \u3053\u308c\u3089\u306f\u3088\u308a\u5c02\u9580\u7684\u3067\u3059\u304c\u3001\u30b3\u30b9\u30c8\u52b9\u7387\u3092\u91cd\u8996\u3059\u308b\u4e0a\u7d1a\u8005\u5411\u3051\u306e\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n

                          \u6700\u7d42\u30bb\u30eb\u30d5\u30c1\u30a7\u30c3\u30af<\/h4>\n\n\n\n
                            \n
                          • \u5024\u3054\u308d\u611f\u3060\u3051\u3067\u3001\u91d1\u5229\u30b5\u30a4\u30af\u30eb\u3092\u4fef\u77b0\u305b\u305a\u8cb7\u3063\u3066\u3044\u306a\u3044\u304b\uff1f<\/li>\n\n\n\n
                          • \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e10%\u3092\u8d85\u3048\u308b\u6bd4\u7387\u3092TMF\u306b\u6295\u3058\u3066\u3044\u306a\u3044\u304b\uff1f<\/li>\n\n\n\n
                          • \u660e\u78ba\u306a\u640d\u5207\u308a\u30eb\u30fc\u30eb\u3092\u8a2d\u5b9a\u3057\u3066\u3044\u308b\u304b\uff1f<\/li>\n<\/ul>\n\n\n\n

                            \u4e00\u3064\u3067\u3082\u5f53\u3066\u306f\u307e\u308b\u306a\u3089\u3001\u3042\u306a\u305f\u306f\u5869\u6f2c\u3051\u5730\u7344<\/strong>\u3078\u306e\u4e00\u6b69\u3092\u8e0f\u307f\u51fa\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u898b\u76f4\u3057\u3092\u5f37\u304f\u63a8\u5968\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

                            \u300c\u5b89\u304f\u306a\u3063\u305f\u4eca\u304c\u8cb7\u3044\u6642\u3002\u9577\u671f\u3067\u6301\u3066\u3070\u3044\u3064\u304b\u306f\u4e0a\u304c\u308b\u306f\u305a\u300d TMF\u3084\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u3078\u306e\u6295\u8cc7\u3067\u3001\u305d\u3093\u306a\u98a8\u306b\u8003\u3048\u3066\u3044\u307e\u305b\u3093\u304b\uff1f\u305d\u306e\u8003\u3048\u306f\u3001\u3042\u306a\u305f\u306e\u8cc7\u7523\u3092\u5371\u967a\u306b\u6652\u3059\u3001\u5178\u578b\u7684\u306a\u843d\u3068\u3057\u7a74\u3067\u3059\u3002 2022\u5e74\u304b\u3089\u306e\u6025\u6fc0\u306a\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[44,49,45,48],"class_list":["post-74","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-tmf","tag-49","tag-etf","tag-48"],"_links":{"self":[{"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/posts\/74","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investpulse365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74"}],"version-history":[{"count":1,"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/posts\/74\/revisions"}],"predecessor-version":[{"id":75,"href":"https:\/\/investpulse365.com\/index.php?rest_route=\/wp\/v2\/posts\/74\/revisions\/75"}],"wp:attachment":[{"href":"https:\/\/investpulse365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpulse365.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpulse365.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}