Fund conversion generally refers to the conversion of fund shares, that is, under the premise that the net asset value of the fund remains unchanged, the total fund shares are adjusted according to a certain proportion, so that the net asset value of the fund unit is reduced accordingly.

After the share conversion, the total amount of fund shares and the number of fund shares held by the holders will be adjusted, but the adjusted proportion of fund shares held by the holders in the total amount of fund shares will remain unchanged. The conversion of shares has no substantial impact on the rights and interests of the holders. For details, please refer to the relevant announcements of fund share conversion.

Extended data:

Related expansion of fund conversion: basis of fund dividend;

Generally speaking, fund dividends need to meet the following principles:

1. The current income of the fund can only be distributed after making up the previous losses;

2. After the distribution of fund income, the net value of each fund share cannot be lower than the face value;

3. If the fund loses money in the current period, no income distribution will be made. Some funds also stipulate the distribution method of fund income in advance in the prospectus, such as the minimum and maximum distribution times in a year, or dividends when the distributable income reaches a certain standard.

Baidu Encyclopedia-Fund Dividends

Baidu Encyclopedia-Fund Conversion