Fund holders enjoy investment income through fund income distribution. Generally speaking, the income and profits of fund managers

Interest is linked to the net assets of the fund, so, in a sense, the interests of fund managers and fund holders are

There are conflicts on income distribution. In order to protect the interests of investors, the income distribution policies of funds in various countries are as follows

There are relevant regulations.

I. Composition of Fund Income

Fund income generally consists of interest, dividends and capital gains.

1, interest income

Part of the assets of securities investment funds will be invested in government bonds and corporate bonds, which are generally fixed.

Pay interest. At the same time, the foundation reserves a certain proportion of cash for the liquidity needs of assets, which will be deposited.

In the bank, you will also get interest income.

2. Dividend income

Listed companies will regularly distribute profits according to their operating conditions, and the distribution form can be cash distribution.

Bonuses can also be stock dividends. When the fund invests in the stock market, as a shareholder of a listed company, it will get

Dividend income.

3. Capital gains

Capital gains refer to the gains or losses generated by the fund through changes in securities prices. You can get capital gains

Divided into realized capital gains and unrealized capital gains, realized capital gains refer to the funds obtained by selling securities.

The bid-ask price difference, but unrealized capital gain, refers to the increase in assets obtained by the fund due to changes in the price of securities held.

Value.

After deducting the expenses that should be deducted, the income of the fund constitutes the net income of the fund, which can be distributed by fund holders.

Income.

Two. Contents and principles of fund income distribution

The fund income distribution plan shall stipulate the following aspects:

1, income distribution project. In the realized income of the fund, which part is the income to be distributed and which part?

Parts should not be allocated. What is the distribution ratio?

2. Income distribution time. How often is the fund income distributed, and what is the specific distribution time limit?

3. Income distribution mode. Is it issued in cash, or to the fund unit, or

Take the form of reinvestment?

The supervision of fund income distribution is closely related to the tax policies of various countries on fund income. Due to personal interest

Income, dividend income and capital gains are treated differently in taxation, so most countries divide fund income.

When the distribution is stipulated, different distribution ratios will be stipulated according to the source of income. At the same time, the income distribution of funds and funds

There is also a certain relationship between categories. Income-oriented funds focus on obtaining immediate income, with a high proportion of distribution and cash.

Form-based, growth funds focuses on the long-term appreciation of fund assets, so the distribution ratio is relatively low.