I. Fund redemption fee
1. Redemption fee to make up the difference
According to the redemption rate applicable to each transferred-out fund share on the conversion application date, the redemption fee of the transferred-out fund on the conversion application date is calculated; Based on the redemption rate applicable to the zero holding time of the transferred-out fund, the redemption fee of the same amount transferred to the fund on the conversion application date is calculated.
If the redemption fee of the transferred fund is higher than that of the transferred fund, the redemption fee difference will be charged; If the redemption fee of the transferred fund is not higher than that of the transferred fund, the difference of redemption fee will not be charged.
2. Composition of subscription fee
For the conversion between two pre-paid funds, the subscription fees of the transferred-out fund and the transferred-in fund on the application date are calculated respectively according to the transferred-out amount, and when the fund with low subscription fees is transferred to the fund with high subscription fees, the difference of subscription fees is charged; Funds with high subscription fees are transferred to funds with low subscription rates, and no difference is charged.
3. Fund subscription fee
(1) For the conversion between two post-fee funds, the post-fee subscription fee for the transferred-out funds on the conversion application date shall be calculated according to the applicable post-subscription rate for each transferred-out fund share on the conversion application date; Based on the subscription rate applicable to the zero holding time transferred to the Fund, the subscription fee of the same amount transferred to the Fund on the conversion application date is calculated.
(2) When the fund with high subscription fee is transferred to the fund with low subscription fee, the difference of subscription fee will be charged; When a fund with a low subscription fee is transferred to a fund with a high subscription fee, the difference is not charged. For the conversion from the back-end paid fund to the front-end paid fund, the subscription fee received for the transferred-out fund is calculated based on the subscription rate applicable to each transferred-out fund share on the application date of conversion;
According to the transferred amount, the subscription fee in advance transferred to the fund on the conversion application date is calculated. In addition to the subscription fee after the fund is charged, when the subscription fee is lower than the previous subscription fee, the subscription fee difference will be charged, otherwise the difference will not be charged.
Second, the conversion skills
1
If investors have some 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.
2. Speed
When the 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.
Western-style clothes
When some investors buy funds, they don't know much about the funds they buy. 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.