The conversion of fund net value has no substantial influence on investors. If a fund has 6,543,800+copies on a certain day and the net assets of the fund are 5 million yuan, the net value of the fund unit is 5 yuan. In order to reduce the net value of fund shares, give investors the impression of cheap funds and attract investors to buy them, some fund companies take measures to split funds. For example, in the above example, the fund company divided the shares according to the ratio of 1:5, and manually adjusted 1 10,000 shares to 5 million. As the net assets of the Fund of RMB 5 million have not changed, the unit net value of the Fund has decreased from 5 yuan to 1 yuan. Such fund share splitting and net value conversion will not have a significant impact on fund investors.

If the investor holds 6,543,800+shares before the fund is split, the fund assets will be 50,000 yuan. After the fund is split, the fund share will only become 50,000, and the fund assets will still be 50,000 yuan. Sales funds have minimum sales requirements. For example, the minimum sales standard is 200 copies. The fund cannot be sold before the discount. After conversion, the share is higher than the minimum share standard. Convertible fund refers to adjusting the total share of the fund according to a certain proportion and reducing the net value of the fund unit accordingly on the premise that the net asset value of the fund remains unchanged.

That is, after the conversion, the total fund share and the fund share held by the holder will be adjusted, but the proportion of the adjusted fund share to the total fund share will not change. The fund share is a certificate for investors to sell publicly, and the holder enjoys the rights related to the expected annualized expected income distribution of the fund property, the right to obtain the remaining property after liquidation, and undertakes corresponding obligations. Fund share conversion refers to adjusting the total amount of fund shares according to a certain proportion under the premise that the net asset value of the fund remains unchanged, and reducing the net asset value of the fund unit accordingly.

After the share conversion, the total fund share and the fund share held by the holder will be adjusted, but the proportion of the fund share held by the holder to the total fund share will remain unchanged after adjustment. The conversion of shares has no substantial impact on the rights and interests of the holders. For details, please refer to the relevant announcements of fund share conversion. The end date of capital verification is the fund share conversion date. On the end date of capital verification, the fund manager converts the fund share into a net fund share of 65,438+0.0000 yuan, and then calculates the fund share that investors should get by centralized subscription according to the net fund share on that day, and the registration authority confirms the investors' centralized subscription share.