The management fee of each Public Offering of Fund is fixed, and the management fee is related to the length of holding the fund and the holding share.

Fund expenses generally include two categories:

One category is the expenses borne by the fund investors themselves in the process of fund sales, mainly including subscription fees, subscription fees, redemption fees and fund conversion fees. These fees are generally charged directly when investors subscribe, purchase, redeem or convert. The subscription fee can be charged when investors buy funds, that is, the front-end subscription fee; It can also be charged when the investor sells the fund, that is, the back-end subscription fee, and its rate is generally decreasing according to the holding period.

the other category is the expenses incurred in the process of fund management, mainly including fund management fees and fund custody fees, which are borne by the fund assets. For money market funds and some bond funds that do not charge subscription and redemption fees, a certain fee can also be withdrawn from the fund assets at a ratio of not more than 2.5‰, which is specially used for the sales of the fund and the service to fund holders.