The conversion of the Fund adopts the "unknown price method", that is, the conversion price of the Fund is calculated based on the net asset value of the fund shares transferred in and out on the day when the application for conversion is accepted.

Fund conversion refers to the behavior that the fund share holder applies to convert all or part of the fund shares of any open-end fund (transferred fund) managed by the fund manager into the fund shares of other open-end funds (transferred funds) managed by the same fund manager according to the conditions agreed in the fund contract and the effective announcement of the fund manager, and has started the fund conversion business.

Fund conversion is a business model in which investors can directly convert their fund shares into those of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund. Investors can handle fund conversion in any sales organization that sells both the fund to be transferred out and the target fund. The two converted funds must be managed by the same fund manager represented by the seller and registered in the same registration institution.

Conversion skills:

Timing If investors already have certain market experience, they can invest in money market funds when the market is in a downturn, and then convert the money funds into corresponding stock funds when the market improves. In this way, on the one hand, investors can enjoy the money fund income higher than the bank time deposit, and at the same time, they can also enjoy the income brought by the market rise. Similarly, if investors feel that the market is weak, they can convert equity funds into money market funds to avoid the impact of market fluctuations on realized returns. When the rate fund is converted, investors only need to pay a lower conversion rate, and do not need to pay a higher redemption and subscription rate.

Generally speaking, in order to retain investors, fund management companies generally set a conversion rate of one thousandth (non-monetary funds are converted to each other), that is, the conversion rate of 1 10,000 yuan of assets payment 1 yuan, while the relative redemption and subscription rates are five thousandths and one point five percent respectively, that is, the assets of 1 10,000 yuan need to pay the redemption and subscription rates in 20 yuan.

Suitable for some investors who are not particularly familiar with the funds they buy when buying funds. Obviously, they are investors with high risk tolerance. As a result, they bought hybrid funds. However, some investors don't like funds with large fluctuations in net value, but bought stock funds by mistake when they bought them. When this happens, investors are advised not to redeem the fund immediately, but to choose the way of fund conversion to convert their existing funds into suitable fund products.