2. The returns are different. Although the investment targets of Class A and Class C funds are the same, they are affected by investors' buying and selling, which leads to their ups and downs and different returns.
3. Different handling fees: Class A fund shares and Class C fund shares charge the same custody fees and management fees, while Class A fund shares charge subscription, subscription and redemption fees, excluding sales service fees, while Class C fund shares do not charge subscription and subscription fees (held for more than 30 days), but charge sales service fees.
Extended data:
Mixed A is the class A share of the fund, and mixed C is the class C share of the fund. The fund managers of Class A funds and Class C funds are the same, and the investment targets of funds are the same, but the fund codes are different, the income is different, and the fees are different, mainly because the fees are different.
Class A shares are charged subscription, subscription and redemption fees, excluding sales service fees. Class C shares (held for more than 30 days) do not charge subscription and subscription fees, but charge sales service fees. Class A shares and Class C shares are charged the same custody fee and management fee.
Hybrid funds are funds that invest in stocks, bonds and money market instruments. There are both stocks and bonds in the portfolio. According to the different investment ratios and investment strategies of stocks and bonds in the portfolio, hybrid funds can be mainly divided into partial stock funds, partial debt funds, balanced stock-debt funds and flexible allocation funds.
Among them, partial stock funds mainly invest in stocks. In the portfolio, the proportion of investment in the stock market is relatively large, and the proportion of stock investment is between 60% and 95%.
Partial debt fund is a fund that mainly invests in bonds, and generally not less than 80% of its assets will be invested in the bond market.
Equity-debt balance funds are funds that invest in bonds, stocks and other securities respectively to achieve a relative balance between income and value-added. Equity-debt-balanced funds generally invest 25% to 50% of their assets in preferred stocks and bonds, and the rest in common stocks.
As for allocation funds, they are funds that flexibly invest their assets in stocks, bonds and money market instruments. , and will generally change the allocation ratio of assets according to market conditions.
The risk of hybrid funds mainly depends on the allocation ratio of stocks and bonds. When the stock market is good, the income of mixed partial stock funds will be higher and the income of mixed partial debt funds will be lower. Because when the stock market is good, funds will flow in, prompting the stock price to rise; When the stock market is poor, funds will flow back to the bond market.
Of course, in addition to the main risks, hybrid funds also have the following risks:
Policy risk: obvious changes in fiscal policy and monetary policy lead to large fluctuations in the stock market, which will indirectly affect the fund; Business cycle risk: the national business cycle has four stages: recovery, prosperity, stagflation and recession, and most securities investments will fluctuate according to the ups and downs of the business cycle.
Interest rate risk: interest rate will directly affect the trend of stock market and bond market, while hybrid funds invest in bonds and stocks, so the income will be affected by interest rate.
Inflation risk: When there is inflation in the country, the income of the partial debt fund cannot be maintained and increased.