1. What is the sales rate of money funds?

Because the money fund does not charge subscription fees and redemption fees.

Therefore, additional sales expenses need to be levied to pay for the transaction.

Before publishing 10,000 copies of income every day, the sales expenses have been deducted from the income, so the income you see has already calculated this part of the expenses, so you don't feel it and don't pay attention.

Attached:

Fund sales service fee

Fund sales service fees can be used for fund marketing, sales, services and other expenses. Under normal circumstances, the fund sales service fee is accrued at the annual rate of 0.25% of the net asset value of the previous day. The calculation method is as follows:

H= Ex0.25%+ days in a year

H is the daily fund sales service fee.

E is the net asset value of the previous day.

The fund sales service fee is accrued daily and paid monthly. The fund manager sends the fund sales service fee transfer instruction to the fund custodian, and after review by the fund custodian, it will be paid to the fund manager in one lump sum from the fund property within 5 working days from the first day of the following month. In case of legal holidays and rest days, the payment date will be postponed.

Second, C bond fund sales service fee

If it is the three types of funds of the Agricultural Bank of China, Class A-generally represents the front-end expenses, Class B represents the back-end expenses, and Class C has no subscription fees, that is, there is no handling fee for the front-end and back-end;

Bond funds classified as A and B generally have subscription fees, including front-end and back-end, while bonds classified as B do not have any subscription fees. That is to say, Class A and B funds in the three categories of ABC are equivalent to Class A funds in Class A and B, and are front-end or back-end subscription funds, while Class C funds in Class A, B and C are equivalent to Class B funds in Class A and B, and subscription fees are not charged.

Although some funds have no subscription fee, if you look at the prospectus carefully, there is an additional clause called "sales service fee" in these bond funds without subscription fee. In the prospectus of Huaxia Bond, it is written as follows: "The A/B fund share of this fund does not charge sales service fee, and the annual sales service fee of C fund share is 0.3%. The sales service fee of the Fund will be used exclusively for the sales of the Fund and the services of fund share holders. " In other words, although Huaxia Bond Class C does not charge front-end or back-end subscription fees, it charges sales service fees. This sales service fee is similar to the management fee, which is drawn on a daily basis. If we look at the performance of Huaxia A/B and C funds since 2007, we can find that the return of Huaxia Bond C lags behind A/B by 0.35 percentage points. This result is mainly caused by the sales service fee. So are other bond funds. Except for the sales service fee of ICBC Strong Bond Class B, the sales service fee of several other bond funds without subscription fee is 0.3%.