What's the difference between ac funds?
The difference between 1ac funds mainly lies in the different charging methods.
When investing in publicly raised funds, the expenses to be paid mainly include management fees, custody fees, sales service fees, subscription fees and redemption fees, among which management fees and custody fees are charged for both Class A and Class C..
The difference between 2ac funds lies in sales service fee, subscription fee and redemption fee. For funds with Class A front-end fees, subscription fees and redemption fees need to be charged; Class c funds do not need to charge subscription fees, and they are free of redemption fees for more than 7 days, but they need to charge sales service fees. (The regulations of different funds may be different, so we should give priority to understanding and don't copy mechanically. )
Generally speaking, Class A has a subscription fee and no sales service fee; There is no subscription fee for Class C, but there is a sales service fee. This is the difference between the two.