Fund conversion is a service provided by fund managers to fund holders. It refers to a business model that investors can freely switch to other open-end funds managed by a fund management company after holding any open-end fund issued by the fund management company, without redeeming the fund shares they have already held before purchasing the target fund.

Under normal circumstances, investors can save money by switching funds, and at the same time achieve the purpose of buying and holding the target fund instead of redeeming its fund share.

Fund dividend means that the fund distributes some income to investors in the form of cash or converted into fund shares, which is originally a part of the net value of fund shares. You can choose cash dividends and dividend reinvestment.