In addition, the fund conversion operation can only occur under the same fund company.

The conversion fee is the fee charged when one fund is converted into another. The actual conversion fee is not a separate fee category. The process of converting a fund is actually the redemption of one fund and then the subscription of another fund, so the redemption fee and subscription fee are involved here.

When calculating the conversion fee, it should be noted that the subscription fee is a supplementary fee, that is, the difference between the subscription fees of two funds (the first one subtracts the subscription fee of the second one, and if it is negative, it is 0), but individual fund companies have preferential treatment for fund conversion, and specific consultation is needed.

For example, when the money fund is converted into a hybrid fund, the redemption fee of the money fund is 0, the subscription fee is 0, and the front-end subscription fee of the hybrid fund is 0.6%, so the conversion fee is 0+(0.6%-0)=0.6%.

However, when the hybrid fund is converted into a money fund, the redemption fee of the hybrid fund is 0.5%, the subscription fee is 0.6%, and the subscription fee of the money fund is 0, so the conversion fee is 0.5%+(0-0.6%), and the result is 0.5%+0=0.5% due to the negative value in brackets.

And if there is mutual transfer between the two funds, there is no subscription fee and no redemption fee, and the conversion fee is 0.

For example, the mutual transfer between the money fund and some bond funds.