Monetary funds are divided into two levels: A and B (currency A code 5 195 18 and currency B code 5 195 17). There is no handling fee for subscription and redemption, and the net value remains unchanged 1 yuan. Currency A and currency B are divided according to the sum of the fund shares reserved by you in the sales organization, and different fund sales service fees are charged.
A-level fund share holders: that is, during the duration of the fund, the sum of fund shares retained by investors in all sales organizations is always less than 5 million or downgraded by B-level fund share holders. The fund at this level will charge 0.25% sales service fee.
B-level fund share holders: that is, during the fund's existence, the sum of fund shares retained by investors in all sales organizations shall not be less than 5 million. Funds at this level charge 0.0 1% sales service fee.
Due to the different sales service fees charged, the income of B-level funds will be higher than that of A-level funds.
Note: The money fund shares held by investors through "Shanghai Stock Connect" do not participate in the fund share classification, and the income is calculated according to Grade A. ..
Each fund company is not exactly the same, and some are bounded by 6.5438+0 million. The difference between currencies A and B lies in the different reserved shares of accounts. Currency B is an account with a reserved monetary fund share (same sales channel) greater than100000, and currency A is an account with a reserved share less than100000. At present, there are two levels of money funds in the market, and B-level accounts are all large accounts.
The management fee of class B is lower than that of class A, and the income of class B is generally slightly higher than that of class A.. Ordinary retail investors, who don't have that much money, can only buy A-level.