How to buy a graded A fund?

A and B shares of graded funds can be bought separately. Generally, investors who pursue high expected annualized expected returns buy Class B funds, while investors who pursue steady expected annualized expected returns buy Class A funds. Then, if you want to buy some graded funds with higher expected annualized rate of return, how can you buy them? Do you want to buy it at the exchange?

Class A shares of partial-share graded funds are expected to have higher annualized expected returns, which are basically traded on exchanges, and the price fluctuations are indeed relatively large. The acquisition of agreed annualized expected income is generally realized through fixed-point conversion. During the fixed-point conversion, the Class A share remains unchanged, the net value is unified, and the excess assets are converted into the parent fund share. Investors can sell the share of the parent fund and get the expected annualized expected return. In this process, we should pay attention to the following points: 1, the profit and loss of the parent fund. If the parent fund has good returns, it can also get better expected annualized expected returns, otherwise it can't get the agreed expected annualized expected returns. 2. When buying Class A shares, pay attention to the difference between the market price and the net value. If the difference is small or at a premium, the subsequent discount expansion will also offset the expected annualized expected return. 3. If the transaction volume is small.

Class A shares of stock grading funds, also known as stable shares, are aimed at obtaining the agreed expected annualized expected returns. According to the fund contract, the Class A shares of stock grading funds will generally be set up with maturity conversion links to facilitate the holders to cash in the relevant expected annualized expected returns. The graded fund combines the assets of A and B, with A getting the expected annualized expected return and B bearing the residual profit and loss. This is the basic operating principle of stock grading fund.

According to the fund contract, the Class A shares of stock grading funds will generally be set up with maturity conversion links to facilitate the holders to cash in the relevant expected annualized expected returns. In addition, in order to ensure that the expected annualized expected return of Class A shares is not affected by the extreme decline of Class B shares, most graded funds have set a "bottom clause", that is, when the net value of Class B shares falls to a critical point, it will trigger point-to-point conversion.

However, due to the long distance from the maturity date and the suppression of the overall premium by the pairing conversion mechanism, under the background of large premium of Class B shares, Class A shares are mostly traded in the secondary market in the form of discount. However, with the approach of the conversion date of individual stock grading funds, the class A share discount is expected to converge and investment opportunities will appear. Assuming that the short-term discount after conversion is high, investors can choose to hold it for a period of time and then choose to sell it after the discount returns to the historical average.