Fund subscription fees are mainly used for fund marketing, sales, registration and other expenses, and are not included in the fund property.

The act of buying a fund during its initial issuance is called subscription. After the subscription period, the fund needs to enter a closed period of no more than 3 months.

After the fund is closed, if you apply to buy an open-end fund, it is customarily called fund subscription to distinguish it from subscription during the issuance period.

Calculation formula of fund subscription fee:

Front-end subscription fee = subscription amount-subscription amount /( 1+ subscription rate)

Back-end subscription fee = redemption share × net value of fund share (face value of fund share) × back-end subscription (subscription) rate.