(a) according to the different modes of operation, it can be divided into closed-end funds and open-end funds.

(2) According to different organizational forms, it can be divided into contractual funds and corporate funds.

(3) According to different investors, it can be divided into stock funds, bond funds, money market funds and hybrid funds. More than 60% of the fund's assets are invested in stocks.

More than 80% of the assets of the fund are invested in bonds.

Hybrid funds also invest in stocks, bonds and money market instruments, but the ratio of stock investment to bond investment does not meet the requirements of stock funds and bond funds.

(4) According to different investment objectives, it can be divided into growth funds, income funds and balanced funds.

Generally speaking, growth funds has high risk and high expected annualized income; Income fund has low risk and low expected annualized income; The risk and expected annualized return of a balanced fund are between growth funds and an income fund. According to the different investment objectives, there are growth funds whose basic goal is to pursue capital appreciation, income-oriented funds whose basic goal is to obtain stable recurring income, and balanced funds which pay equal attention to growth and income. Different investment objectives determine the basic investment and investment strategy of the fund to meet the investment needs of different investors.

(5) According to different investment concepts, it can be divided into active funds and passive (index-type) funds.

(6) According to the different ways of raising funds, it can be divided into Public Offering of Fund and private equity funds.

(7) According to the different sources and uses of funds, funds can be divided into onshore funds and offshore funds.

(8) Special types of funds

1. Series funds

2. Funds in funds. There is no such fund in China.

3. Capital preservation fund

4. Trading open index funds (ETFs) and ETF-linked funds (changes and additions)

5. Listed Open-end Fund (LOF)

LOF (Listed Open-end Fund) is an open-end fund, which can buy and redeem fund shares in the OTC market, and can also trade fund shares and buy or redeem fund shares in the exchange (OTC market). It is a localized innovation of China Securities Investment Fund. LOF combines the advantages of consignment agencies such as banks and exchange trading networks, and opens up new channels for open-end fund sales. The fund shares obtained by LOF through OTC market and OTC market are registered in OTC system and OTC system respectively, but the fund shares can be converted between OTC market and OTC market through cross-system transfer custody (that is, cross-system transfer registration). After LOF is approved for trading, investors can purchase and redeem fund shares through off-site channels such as banks, or buy and sell funds on listed exchanges or purchase and redeem fund shares. The difference between LOF and ETF:

(1) The subject matter of subscription and redemption is different. LOF is a transaction between fund shares and cash. ETF is a transaction between a fund share and a "basket" of stocks.

(2) The places of purchase and redemption are different: ETFs are conducted through exchanges; LOF is carried out at the agency outlets.

(3) Different purchase and redemption restrictions: ETF requires a large amount, more than 500,000 copies; LOF has no special requirements for subscription and redemption.

(4) Different fund investment strategies: ETFs usually adopt a completely passive management mode, aiming at fitting an index; LOF can adopt active and passive methods.

(5) On the net quotation of the secondary market, ETF provides a net quotation of funds every 15 seconds; LOF usually only provides one or several fund net worth quotations a day. 6.QDII fund

7. Graded funds, also known as structured funds and separable trading funds.