Second, the concept introduction:
1. In practice, there are two ways for open-end funds to collect subscription fees, one is called front-end fee, and the other is called back-end fee. Front-end charge refers to the payment method of subscription/subscription fee when subscribing and purchasing funds.
2. In practice, there are two ways for open-end funds to collect subscription fees, one is called front-end fee and the other is called back-end fee. Front-end charge refers to the payment method of paying the subscription fee when you buy an open-end fund. Back-end charge refers to the payment method of not paying the subscription fee when buying an open-end fund and then paying it when selling it.
3. During the operation of the fund, some necessary expenses are borne by the fund, among which fund management fees and fund custody fees are the main expenses paid by the fund. The fund management fee is the management remuneration paid to the fund manager, and its amount is generally extracted from the fund assets according to a certain proportion of the net asset value of the fund. Fund manager is the manager and user of fund assets, which plays a decisive role in maintaining and increasing the value of fund assets.
Extended data:
Capital advantage
1. Investors can realize bond funds with good liquidity at any time. Investors can redeem at any time according to the net asset value of the fund unit on the day of application, but if investors invest in bank time deposits and certificate-based government bonds, it will be more difficult to realize them, and they will have to bear high interest losses paid in advance.
2. Compared with investors directly investing in bonds, buying bond funds can enjoy a variety of special treatments and get higher returns. For example, it can indirectly enter the bond issuance market and gain more investment opportunities; Can enter the interbank market and hold financial bonds with higher interest rates; You can enter the repurchase market and enjoy the treatment of super institutional investors who purchase new shares by financing and the interest income of risk-free reverse repurchase.
The cash assets of the fund are deposited in the custodian bank, enjoying the deposit interest rate of 65,438+0.89%, which is much higher than the deposit interest rate of 0.72% (including interest tax) for residents and enterprises; Enjoy various tax benefits. There is no need to pay stamp duty when purchasing and redeeming, and the dividends obtained can also be exempted from income tax; You can also enjoy the low transaction cost of fund bond investment.
For ordinary bonds, the two basic elements are interest rate sensitivity and credit quality. The rise and fall of bond prices is inversely proportional to the rise and fall of interest rates. The credit of a bond fund depends on the credit rating of the bonds it invests in.
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