This depends on your holding time, because the fees paid for purchasing Class A and Class C funds are different. On the whole, if you want to hold it for a long time, recommend Class A funds, and if it is only a short-term transition, recommend Class C funds. In addition, there are B types of funds, and "ABC" in the name of the fund refers to different forms of expenses. Class A is front-end expenses, Class B is back-end expenses, and Class C does not charge subscription fees (subscription fees are not charged, but daily sales service fees are charged). Front-end charges mean that investors need to pay subscription fees when they subscribe, while back-end charges are the opposite. No subscription fee is paid when subscribing. The subscription fee is paid after the fund is sold. The back-end rate generally decreases with the extension of investment time. If it is held for a long time, it can be exempted from relevant fees. However, the market share of Class B funds is relatively small, and only some funds are Class B funds.

The difference between open-end fund and closed-end fund

(1) The variability of fund size is different. Closed-end funds have a clear duration (not less than 5 years in China), and the issued fund shares cannot be redeemed. Although this fund can be expanded under special circumstances, such expansion must meet strict legal conditions. So generally speaking, the size of the fund is fixed. The fund shares issued by open-end funds are redeemable, and investors can buy the fund shares at will during the fund's existence, resulting in daily changes in the total capital of the fund. In other words, it is always "open". This is the fundamental difference between closed-end funds and open-end funds.

2) There are different ways to buy and sell fund shares. When a closed-end fund is initiated, investors can subscribe to the fund management company or sales organization; When closed-end funds are listed and traded, investors can entrust brokers to buy and sell at market prices on the stock exchange. When investing in open-end funds, investors can buy or redeem funds from fund management companies or sales organizations at any time.