What is the share conversion of the fund?
Fund share conversion refers to the behavior that fund holders can convert one fund share they hold into another. At the time of fund conversion, the converted fund and the converted fund are both funds issued by the same fund manager.
The conversion of fund shares does not need to be redeemed before subscription, which saves some time and expenses, but it will also charge conversion fees.
How to calculate the fund conversion share?
The conversion price of fund conversion is calculated on the basis of the net asset value of fund shares transferred out and transferred in by each fund on the day when the application for conversion is accepted.
For example, suppose that an investor has invested in a fund with an initial net value of * * * and confirmed 65,438+00,000 shares, and the investor is applying for fund conversion. On the application acceptance day, the net values of the two funds are respectively, and then the fund share here is converted into: (65,438+00,000 * conversion fee, in which the conversion fee is calculated according to the conversion fee of the specific fund.
The application date for conversion is T, and the confirmation date is T+ 1. On T+2, investors can inquire about the fund conversion from the issuer and can convert or redeem the fund shares.
After the conversion of the Fund, the holding period of the transferred-out fund share shall be recalculated from the date when the fund share is confirmed.
So much about how to calculate the share of fund conversion, I hope to help you understand the relevant content of fund conversion. Warm reminder, financial management is risky and investment needs to be cautious.