2. The A/B classification of general funds, and some even have category C, totally depends on the different charging methods. Some are front-end fees, some are back-end fees, and some are free of charge for redemption, such as Huaxia bonds AB and C.
3. In recent two years, an innovative fund has been popular, some of which are open, some are closed, some are bond, some are index, some are open regularly, and some are fully closed. These are different. See the prospectus.
1) such funds are generally fixed income, such as one-year time deposits, such as Jingfeng A, and the interest rate of one-year bank time deposits (after tax) +3.00%. No income distribution will be made during the closed period. Class B is generally a highly leveraged variety, which is generally closed and not open for purchase and redemption. For example, Jingfeng B has a leverage ratio of 3.33 times and can share higher net losses and profits.
2) Generally speaking, these funds are raised at the same time, * * * operate together and split in proportion, such as a: b of Jingfeng 7: 3.
3) In the distribution of net income, most of the income (including losses) belongs to Class B on the basis of satisfying Class A fixed income. ..
4) Trading, most of Class A can be traded at a discount in the secondary market, such as TEDA Manulife Juli A, and some don't trade, such as Yuxiang A.
Class B can be traded in the secondary market, with discounts and premiums. Such as Yuxiang A and Xincheng 300B.
5) Opening: Class A has a fixed opening date, once every six months or once every three months, which is different. There are also closed,
For example, TEDA Manulife Julius Class a. b is generally closed.
6) Dividends: Most Class A "dividend stocks", like money funds, pay dividends in the open period and return to one yuan in face value;
There are also corresponding index stocks, such as Xincheng 300A, and dividends are the corresponding Shanghai and Shenzhen 300 index stocks;
There is also TEDA Manulife Manulife A, which will not pay dividends at all during the closed period.
Class B is closed, most of which do not pay dividends, and will be settled uniformly after the closed period.
6) arbitrage. Some funds have arbitrage opportunities because they are open-end funds. Theoretically, when they encounter discount and premium transactions in the secondary market, they will buy or subscribe for the fund, and then carry out paired split conversion, sub-custody, redemption or sale.