Funds in the Eastern Financial Market are exempt from 5, stamp duty and transfer fees, only counting as commission. The commission rate is calculated at 2.5 ‰, and the total transaction fee is 654.38 yuan +0.00000 * 0.00025 * 2 = 5 yuan.

"Exchange-traded fund" (hereinafter referred to as ETF) is also called "Exchange-traded fund".

ETF is a fund that tracks the changes of the "underlying index" and is listed and traded on the stock exchange. Investors can buy and sell the ETF of the "underlying index" as simply as buying and selling stocks, and they can get basically the same rate of return as the index.

ETF is a special open-end fund, which not only absorbs the advantages that closed-end funds can trade in real time on the same day, but also allows investors to buy and sell ETF shares in the secondary market like closed-end funds or stocks. At the same time, ETF also has the advantage that open-end funds can purchase and redeem freely. Investors can buy or redeem ETF shares from fund management companies just like buying and selling open-end funds.

ETFs are usually managed by fund management companies, and fund assets are a basket of stocks. The types of stocks in the portfolio are the same as those in a specific index (such as SSE 50 Index), and the proportion of stocks is the same as that of the constituent stocks of the index. For example, SSE 50 Index includes 50 stocks such as Bank of China and China Petrochemical, and the investment portfolio of SSE 50 Index ETF should also include 50 stocks such as Bank of China and China Petrochemical, and the investment ratio is consistent with the weight of each stock in the index sample. In other words, the index remains unchanged, and the ETF's stock portfolio remains unchanged; Index adjustment, ETF portfolio should be adjusted accordingly.

For ETF funds on the market, the EF handling fee is not higher than 25% of the transaction amount or from 5 yuan, that is, 5 yuan is charged when the transaction fee is less than 5 yuan, and 25% of the transaction amount is charged when it is higher than 5 yuan, depending on the regulations of the securities company. OTC ETFs need to charge subscription fees and return fees, and the total fees of most funds are below 2% of the transaction amount.

ETF fund fees mainly include two parts:

1. Transaction cost

ETF funds conduct share trading in the form of on-site trading, thus avoiding fund companies from collecting subscription fees and redemption fees. It has the same flexible trading function as the stock, and the transaction cost can be calculated according to the stock transaction cost. The sum of the two-way expenses of the transferor and the transferee is only 0.5%, which is less than one tenth of the fund.

management cost

The management fee of EF is usually only 0.5%, while the management fee of OTC funds issued by fund companies is mostly above 1% per year.