1, the basic concept of periodic share conversion?
At present, open-ended graded funds usually convert their regular shares once a year. According to the fund contract, one working day of each fiscal year is designated as the base date for regular share conversion, and the income due at the end of the designated share is converted into the on-site parent share.
2. How to convert term shares?
(1) conversion base date. The conversion base date is usually the first working day of each month in each fiscal year. The parent shares and Class A shares held by investors on the conversion base date will participate in the conversion, and Class B shares will not participate in the conversion.
(2) conversion method. On the conversion base date, the agreed income realized by the stable share during the conversion period is converted into the parent share and distributed to the class A share and the parent share holders.
3. What is the basic concept of indefinite share conversion?
Irregular conversion refers to the conversion of graded fund shares in order to prevent the leverage of Class B shares from being too high or too low, including up-and-down conversion.
(1) On-off conversion means that when the net value of parent shares rises to a certain threshold, the net value of various fund shares is adjusted to 1 yuan, and the shares are adjusted accordingly;
(2) Collateral conversion is to prevent the risk that when the market falls, the share leverage of graded fund B is too high, and the net value drops sharply, even to zero. Specifically, when the net value of Class B shares falls to a certain threshold, the net value of all kinds of funds will be adjusted to 1 yuan, and all kinds of shares will be adjusted accordingly on the premise of keeping the fund assets unchanged.
4. How to convert irregular shares?
(1) conversion base date. The next trading day when the net value of Class B shares triggers the down limit threshold.
(2) conversion method. The net value of all kinds of shares on the conversion base date is adjusted to 65,438+0 yuan, and all kinds of shares are adjusted accordingly on the premise of keeping the fund assets unchanged.