One-time expenses include:

expenses that investors need to pay when purchasing, redeeming or converting funds, and

such expenses are paid directly by investors at one time. Generally, it is widely used in the financial and fund industries.

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subscription fee is the fee that investors need to pay when purchasing funds. If the subscription fee is charged when purchasing the fund, it is called front-end fee; It is charged at the time of redemption, which is called back-end charge. Some back-end fees can be waived after holding the fund for a certain number of years. In order to encourage investors to hold for a long time, some funds adopt subscription rates that decrease according to the holding period; Some funds give preferential rates to large purchases in order to promote sales.

the subscription fee is directly deducted from the investment amount. For example, if you buy a fund with a front-end fee rate of 4.5% with 1, yuan, only 9,55 yuan will actually enter the fund investment after deducting the subscription fee of 45 yuan. According to the regulations, the subscription rate of domestic open-end funds shall not exceed 5% of the subscription amount. At present, this rate level is about 1%-2%.

redemption fee is the fee paid by investors when they redeem funds, which is often slightly punitive in nature, mainly to encourage long-term investment and reduce the losses caused to other holders by a large number of redemptions in the short term. The redemption fee income belongs to the fund assets after deducting the basic handling fee. According to the regulations, the redemption rate of domestic open-end funds should not exceed 3% of the redemption amount, and the current rate level is around .5%.

the conversion fee is the fee incurred by investors when they convert between multiple fund types in the same series.

recurring expenses

are also called "daily expenses". In the process of production and operation, an enterprise is not a one-off expense. Generally, it includes the depreciation expense of fixed assets renewal and overhaul, minor repairs, heating expenses, elevator use fees and other expenses, raw materials and main materials, fuel and energy, basic and auxiliary labor wages, protection and use fees of equipment and machinery, workshop and factory-wide management fees, and unproductive consumption.