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What does the front-end charge in the fund mean?
In practice, there are two ways for open-end funds to collect subscription fees, one is called front-end fee, and the other is called back-end fee.

Front-end charge refers to the way investors pay subscription fees when buying open-end funds. Back-end charge refers to the payment method that investors do not pay the subscription fee when they buy open-end funds and wait until they sell them. When this charging mode is adopted, the total amount of funds finally purchased by the fund share = the total amount of investors-the amount of front-end expenses.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. There are risks in entering the market, so investment needs to be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved. After carefully understanding and evaluating the products, you should judge whether to participate in the transaction.

Reply time: 202 1- 12-20. Please refer to the latest business changes announced by Ping An Bank in official website.