Subscription (subscription) fee: the definitions of subscription fee and subscription fee are similar to some extent, but they only occur at different stages of fund issuance and existence. The subscription fee is the fee charged by the fund manager at the time of issuance. The subscription fee is the fee incurred when purchasing fund shares during the fund's existence. The calculation formula is: subscription fee = subscription amount * subscription rate. According to the regulations, each fund company will set different rates according to the type of fund and the subscription amount of the fund. See the fund information disclosure materials for details.
Redemption fee: Redemption fee is the fee paid by fund holders to fund managers when they sell their funds. The formula is redemption fee = redemption amount * redemption rate. In addition, the redemption fee is mainly to "punish" the behavior of fund holders who frequently buy and sell funds. Generally speaking, the longer the fund holding period, the lower the redemption fee.
Management fee: Management fee is the fee paid to the fund manager to manage the fund assets. Generally, based on the net asset value of the fund, it is extracted from the fund assets according to a certain proportion and accrued daily. The calculation formula is usually, daily management fee payable = net asset value of the previous day × annual management rate/days of the year.
Custody fee: Custody fee is the fee paid to the custodian for keeping the fund assets. Generally, according to the net asset value of the fund, it is extracted from the fund assets in a certain proportion and accrued daily. The calculation formula is usually, the daily custody fee payable = the net asset value of the previous day × the annual rate of custody fee/the number of days in the current year.
Sales service fee: the sales service fee refers to the fund marketing fee paid to the fund consignment agency and the service fee paid to the fund share holders. Generally, based on the net asset value of the fund, it is extracted from the fund assets according to a certain proportion, accrued daily and paid monthly. The calculation formula is daily sales service charge = net asset value of the previous day × annual sales service rate/days of the year. It is worth pointing out that there is no redemption fee for the money fund, but there will be a certain sales service fee.