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Difference between excess management fee and floating management fee
1, "fulcrum" floating management fee fund, the remuneration (management fee) actually collected by the manager is directly linked to the fund performance. When the performance of the fund is higher than the performance benchmark, the management fee floats upward; When the performance of the fund is lower than the performance benchmark, the management fee will float downward.

2 excess "performance reward" floating management fee fund. On the basis of collecting the basic management fee, when the performance of the fund exceeds the preset benchmark, the manager will charge an additional management fee according to a certain proportion of the excess income. At the same time, according to the different calculation methods of additional management fees, it can be divided into two categories: simple additional management fee mode and hierarchical additional management fee mode.