"The subscription fee income is dominated by the fund management company", which means that this fee is counted as the assets of the fund company, that is, the income of the fund company.

"The redemption fee income belongs to the fund", that is, the income is counted as the income of the fund, owned by all citizens and counted as the assets of the fund.

Generally speaking, the subscription fee for front-end charges belongs to the agency, which depends on the agreement between the fund company and the agency.