Tail maid:
Also known as trailing commission. Commission is the agency fee charged by the securities company when you buy and sell stocks through it. The commission standard of most securities companies is 0. 15-0.03%. No separate commission is charged for the subscription of open-end funds through securities companies, and the corresponding subscription fee is charged according to the subscription rate; Buying closed-end funds through securities companies has the same commission as stocks. To put it bluntly, it is the cost for the securities company to serve you when you buy a fund. Broadly speaking, there are more commissions, including: fund company management fees, bank custody fees and so on.
Trailing commission, also known as custody service fee: the fee paid by the fund company to the sales organization to maintain the total amount of the fund, which is calculated according to the holding time or market value of the fund share.
Since 2009, the index of "customer service fee" has been added to the annual report of fund companies, which mostly counts the fees paid by fund companies to banks for selling funds, which is also commonly known as "trailing commission".
Fund:
Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.
Classification of funds:
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investors, it can be divided into four categories: money fund, bond fund, mixed fund and stock fund.