The investment income of the fund is not only related to the net value or expected rate of return of the fund, but also related to the operating rate of the fund. Most funds have certain fund operating expenses, and investors are often confused by these various operating expenses. How to calculate the fund operating expenses?

The cost of investment funds generally includes two parts: fund transaction fee and fund operation fee. Fund transaction costs refer to the subscription fees, redemption fees, conversion fees and other transaction costs paid by investors when conducting fund transactions, which are directly borne by investors. Operating expenses are the expenses borne by the fund assets in the process of fund operation, which usually include custody fees, management fees, sales service fees, securities trading fees, index usage fees, etc.

1, custody fee

Custody fees are collected by fund custodians such as commercial banks and securities companies. Custody fees are generally charged according to a certain proportion of the fund's net asset value, usually about 0.2% per year.

2. Management fee

The management fee is collected by the fund manager and divided into two ways: fixed and floating. The management fees charged by various funds are different. Stock funds are generally charged at a rate of 1.5%, while bond funds are generally charged at a rate lower than 1%. For example, the management fee of Southern Tongli A is 0.65%.

The calculation formula of management fee is: daily fund management fee = net asset value of the previous day × annual management rate ÷ days of the year.

3. Sales service fee

Sales service fee refers to the fee paid to the sales channel. At present, money funds and some bond funds charge sales service fees.

Custody fee, management fee and sales service fee are accrued on a daily basis and directly deducted from the total assets of the fund, and investors do not need to pay separately.