What does ABC after the fund name mean?
The ABC behind the fund name represents the different charging systems of these three funds, that is, A stands for front-end charging, which includes both subscription fee and redemption fee. B stands for back-end charge, no subscription fee, only redemption fee. C stands for no subscription fee and redemption fee, but a certain percentage of sales service fee is charged every year. Generally speaking, the different suffixes of the three are mainly convenient for different investors to operate, so long-term investment chooses A, short-term investment chooses C and unpredictable chooses B.
ABC behind the fund name has certain historical reasons, because the sales of Class A funds are mainly through banks and other channels, so it is mainly front-end charges. Class B funds are the product of the times, so they are gradually eliminated. As for Class C funds, they generally charge about 0.2-0.5% service fee every year, so they are even different from the first two.
To sum up, this is the meaning of ABC after the fund name.