Because the subscription amount transferred to the fund is calculated by estimating the redemption amount transferred to the fund, the difference between the net value of the two funds and the charging standard of the converted fund makes it impossible for some funds to be converted, which leads to the situation that the converted funds need to make up the difference or refund the difference. It is normal for the converted fund to have surplus or deficiency.

What does fund conversion mean?

Fund conversion refers to the mode in which investors convert their fund shares into other open-end fund shares managed by the same company to realize the operation of repurchasing the target fund without redeeming the held fund. It should be noted that the two funds converted by investors must be two open-end funds sold in the same sales organization and registered by the same registrant.