The fund back-end fee refers to the payment method that the subscription fee is not paid when the open-end fund is purchased, but is paid when it is sold.

In practice, there are two ways for open-end funds to collect subscription fees, one is called front-end fee, and the other is called back-end fee. Front-end charge refers to the payment method of paying the subscription fee when you buy an open-end fund.

For example, an investor subscribes for 10000 Yuan Xingquan Trend Fund (post-charged fund code: 163403) before 15:00 on the same day. If the net fund value calculated after the close of the day is 1.05 yuan, then:

Subscription share = subscription amount/net value of fund share on the subscription day =10000/1.05 = 9523.5438+0 copies.

Assuming its holding time is 1.5 years, and the applicable back-end subscription rate is 1.0%, the back-end subscription fee to be paid at the time of redemption is:

Back-end subscription fee = total amount at the time of subscription × back-end subscription rate =10000×1.0% =100 yuan.