If the investor's conversion transaction occurs before T day 15: 00, the net value shall be calculated according to the closing price of that day; If the fund conversion occurs after T day 15: 00, it will occur on T+ 1 day, and the net value of the conversion is the net value of the unit on the application day. The net value calculation rules of fund over-conversion are basically the same as those of fund subscription, which are calculated on the day after the fund share is confirmed (the confirmed share is calculated according to the net value on the day of fund conversion). The confirmation time of different banks and fund sales companies will be different. Some issuers confirmed the conversion share on T+2 and transferred it to the investor's account. The conversion of excess net value shall be subject to the unit net value on the day of application.

Fund conversion is a way to deal with funds in investment funds, which can help investors save some costs while converting funds.

1. General conversion of funds.

Ordinary conversion is the service provided by fund managers to fund holders. It refers to a business model that investors can freely convert any open-end fund issued by a fund management company into other open-end funds managed by the company without redeeming the fund shares they have held and then purchasing the fund.

Transaction cost = redemption fee of transferred-out fund+replenishment of subscription rate of transferred-in fund (replenishment of fund subscription that does not support preferential discount rate will be calculated according to its original rate).

Second, the fund is over-converted.

The super-conversion business refers to the transaction fee for investors to convert their convertible fund shares into the fund shares of any qualified fund company by submitting an application through the JD.COM Kentley fund platform trading system = redemption fee for the transferred fund+subscription fee for the transferred fund.

Third, the difference between fund over-conversion and ordinary conversion.

(1) Super conversion funds are more free than ordinary conversion funds (and fund companies), which is convenient for users to switch investment targets in time.

(2) Compared with ordinary conversion, fund super conversion provides investors with more diversified and flexible investment choices.

(3) There are differences in transaction costs, and the fund is generally converted into the sum of the redemption fee transferred out and the subscription rate transferred into the fund; Over-conversion is the sum of the redemption fee transferred out and the subscription rate transferred into the fund.