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What does fund abc mean?
1. ab in money funds is distinguished according to the threshold of investment funds. Class A low threshold is applicable to investors whose subscription and subscription amount is less than 5 million. The sales service fee is accrued at the annual rate, and no subscription (subscription) fee is charged. Class B is suitable for more than 5 million investors, and the management fee is lower than that of Class A. ..

2. abc in bond funds is essentially the same fund, with the same investment operation and different charging methods. Class A is the upfront expenses, which are deducted at the time of purchase and paid in one lump sum, and the investment time is not clearly specified. Class B is the back-end charge, that is, no fees are deducted at the time of subscription, and the subscription fee is deducted at the time of redemption, which is suitable for long-term holding. Class C funds are exempt from subscription fees and only charge daily sales service fees, which are suitable for short-term holding.

3. ab in stock funds belongs to sub-funds in graded funds, which are distinguished according to risk levels. For example, their operation mode is that share A lends money to share B, enjoying fixed income and less risk, while share A carries out leveraged financing and bears high risks.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"