Class C shares are fund shares that charge sales service fees. Compared with the existing shares (that is, Class A shares), the biggest feature of Class C shares is that they generally do not charge subscription fees or set a lower subscription rate, and they do not charge redemption fees if they are held for 30 days or more. However, the fund manager should extract a certain sales service fee from the fund assets for marketing and sales, and the sales service fee rate set by each fund is different.

Take Anxin Dynamic Strategy Fund as an example. The subscription rate for Class C shares of the Fund is zero, and the redemption rate for holding for less than 30 days is 0.5%. When it reaches or exceeds 30 days, the redemption fee is zero, and the annual sales service rate is 0.2%. However, the subscription fee for a single subscription with a Class A share of the Fund below RMB 654.38+0 million is 65.438+0%, and the redemption fee does not exceed 30 days.

Therefore, investors who hold Class C shares 1 month have zero subscription and redemption fees and only need to bear less sales service fees. Investors who hold A shares 1 month have to bear higher subscription fees and redemption fees (about 1%). It can be seen from the difference between Class A shares and Class C shares that for short-term and medium-term investors who require high liquidity, the transaction cost of Class C shares is much lower and the cost performance is higher. Fund companies have recently increased their Class C shares in their new funds, which is aimed at investors' preference for low transaction costs.