The main difference between Class A and Class C bond funds lies in the different charging rules of fund transaction fees, which generally include subscription fees, repurchase fees and sales fees.
1, purchase cost
Bond funds charge an appointment fee for Class A, but not for Class C. 。
Subscription fee refers to the fee paid by investors when they purchase funds, which is generally levied in proportion to the subscription amount of funds. Take Huaxia Convertible Bond A as an example. If the subscription amount is less than 6.5438+0 million yuan, the subscription fee will be levied at 0.8% (some platforms will be levied at a discount of 6.5438+0), and if it exceeds 5 million yuan, it will be levied at a fixed rate of 6.5438+0 million yuan.
2. redemption fee
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When Class A and Class C bond funds are repurchased, repurchase fees must be levied. The longer the holding days, the lower the repurchase rate, and the repurchase fee will be exempted when it reaches a certain number of days. However, the days set by Class A and Class C are different, and the repo rate of Class A is generally higher than that of Class C. 。
Take China Commercial Convertible Bonds as an example.
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Class A: If the amount of 1.5% is collected within 7 days, it will be more than 7 days, less than 365 days and less than 0 days. If the amount of 1% is charged, it will be more than 365 days and less than 730 days, and the amount of 0 days will be exempted for 730 days.
Class C: held for more than 7 days, less than 30 days, less than 7 days and less than 0 days, with interest rate of 1.5%. If it is held at the ratio of 1% for more than 30 days, it is exempt from ransom.
3. Sales service fee
Bond funds do not charge class A and class C sales service fees, and the sales service fees are included in the fund assets every day.