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 way investors pay subscription fees when buying open-end funds. Back-end charge refers to the payment method that investors do not pay the subscription fee when they buy open-end funds and wait until they sell them. Back-end fees are designed to encourage investors to hold funds for a long time. Therefore, the rate of back-end charges will generally decrease with the growth of holding funds. Some funds even stipulate that if investors can hold the fund for more than a certain period of time before selling, the back-end fee can be completely exempted.
Bank of Communications Schroeder Growth Hybrid Securities Investment Fund, referred to as "Bank of Communications Growth Hybrid", fund code: 5 19692. It is a growth stock fund, which mainly seeks long-term and stable capital appreciation for fund share holders by investing in the stocks of listed companies that have undergone strict quality screening and have good growth, under the premise of moderately controlling risks and maintaining good liquidity of fund assets.
Subscription related expenses: