1. When the fund financing Shenzhen Stock Exchange 100 (back-end fee) redeems, the subscription fee and redemption fee are calculated according to the holding time, and the redemption fee is calculated according to the rate corresponding to the holding period. The longer the holding period of fund shares, the lower the redemption rate until it is zero. The subscription fee is held for more than 4 years, which is 0; The redemption fee is 0 if it is held for more than 3 years.

2. The normative definition of fixed-term investment is a fund investment mode in which an investor applies through a designated fund sales organization, agrees in advance on the deduction date, deduction amount, deduction method and the name of the invested fund, and the sales organization automatically completes the deduction and subscription in the bank account designated by the investor on the agreed deduction date.

3. In practice, there are two ways for open-end funds to collect subscription fees, one is called front-end fee and the other is called back-end fee. Front-end charge refers to the payment method of paying the subscription fee when you buy an open-end fund. Back-end charge refers to the payment method of not paying the subscription fee when buying an open-end fund and then paying it when selling it.