First of all, it needs to be clear that the distribution of fund income will lead to a decrease in the net value of fund shares. For example, before the income distribution, the net share value of a fund is 1.2 yuan, and each fund will be allocated 0.05 yuan of income. After distribution, the net value of fund shares will be reduced to 65,438+0.15 yuan. But for investors, the value before and after dividends is unchanged.
1. Income distribution of closed-end funds. According to relevant laws and regulations, the income distribution of closed-end funds shall not be less than once a year, and the annual income distribution ratio of closed-end funds shall not be less than 90% of the realized income of funds. The income of closed-end funds in the current year must first make up for the losses of the previous year. If losses occur in that year, no income distribution will be made. Closed-end funds generally use cash dividends.
2. Income distribution of open-end funds. The fund contract of an open-end fund shall stipulate the maximum number of fund income distribution and the minimum proportion of fund income distribution each year. In practice, many fund contracts stipulate at least once a year. The income of the open-end fund in the current year should also make up for the loss of the previous year. If there is a loss in that year, the income will not be distributed. Dividends can be divided into two ways: cash dividends and dividends reinvested in fund shares. Fund share holders of open-end funds can choose to convert the distributed cash proceeds into fund shares in advance according to the agreement on fund share subscription in the fund contract; If the fund share holder fails to make a choice in advance, the fund manager shall pay cash.
3. Income distribution of money market funds. According to the relevant laws and regulations, for money market funds that quote daily at face value, it can be stipulated in the fund contract that the income distribution method is dividend reinvestment, and the income distribution method is stipulated in the fund contract: whether the income is carried forward daily or monthly. Fund shares purchased on the same day shall enjoy the right to distribute fund income from the next working day.
Response time: 2021-10-11. Please refer to the latest business changes announced by Ping An Bank in official website.
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