Fund conversion formula:

1, transfer-out amount = transfer-out fund share × net value of fund share on transfer-out fund day.

2. Transfer-in amount:

(1) If transfer-in fund subscription rate > transfer-out fund subscription rate,

Transfer-in Amount = Transfer-out Amount× (1-Redemption Rate of Transfer-out Fund) /( 1+ Transfer-in Fund Subscription Rate-Transfer-out Fund Subscription Rate)

(2) If the subscription rate of the transferred-out fund is equal to or higher than that of the transferred-in fund,

Transfer-in Amount = Transfer-out Amount× ×( 1- 0/-Redemption Rate of Transfer-out Fund)

3. Conversion fee = transfer amount-transfer amount,

4. Transferred share = transferred amount/net value of fund share on the day of transfer to the fund.

These two funds are the same, but the way to collect fees is different!

Front-end charge refers to the way investors pay subscription fees when buying open-end funds. Back-end charge refers to the payment method that investors do not pay the subscription fee when they buy open-end funds and wait until they sell them.

Back-end fees are designed to encourage investors to hold funds for a long time. Therefore, the rate of back-end charges will generally decrease with the growth of holding funds. Some funds even stipulate that if investors can hold the fund for more than a certain period of time before selling, the back-end fee can be completely exempted.

Want to hold the fund for more than three years, choose the back end! Otherwise, select the front end.

Supplement: The net values of 5 19300 and 5 1930 1 are the same, so if you switch, the share will not change!

When a fund with a low subscription rate is transferred to a fund with a high subscription rate, the subscription fee difference is charged; When a fund with a high subscription rate is transferred to a fund with a low subscription rate, the difference is not charged.