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Various expenses of the fund.
(1) Direct expenses: including subscription fees, subscription fees, redemption fees, commissions, etc. arising from on-site transactions, which shall be directly borne by investors.

(2) Indirect expenses: The expenses stipulated in laws, regulations and fund contracts are deducted from the net value of the fund and need not be charged to investors separately.

Management fee: refers to the fee paid to the fund manager who actually uses the fund assets and provides professional services for the fund, that is, the fee charged by the fund manager for managing and operating the fund.

Custody fee: the fee charged by the fund custodian for providing services to the fund, such as the fee charged by the bank for keeping and disposing of the trust property of the fund.