Open-end fund share conversion refers to a business model in which investors can convert their fund shares into another fund shares managed by the same fund manager without redeeming their fund shares first.

Fund shares cannot be transferred, but they can be converted or transferred without transaction. Open-end fund share conversion refers to a business model in which investors can convert their fund shares into another fund shares managed by the same fund manager without redeeming their fund shares first. The conversion of fund shares generally adopts the unknown price method, and the number of fund shares is calculated based on the net value of fund shares on the conversion application date.