Fund conversion refers to a business model in which investors can directly convert their fund shares into the fund shares of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund. The specific fundraising situation depends on the difference between the subscription rate and redemption rate of the two funds at each conversion. The fund conversion fee consists of subscription fee and redemption fee. The specific charge depends on the difference between the subscription rate and redemption rate of the two funds at each conversion. The fund conversion fee shall be borne by the fund holder.