When the fund is converted, investors only need to pay a lower conversion rate, and do not need to pay a higher redemption and subscription rate. Generally speaking, in order to retain investors, fund management companies generally set a conversion rate of one thousandth (non-monetary funds are converted to each other), that is, the conversion rate of 1 10,000 yuan of assets payment 1 yuan, while the relative redemption and subscription rates are five thousandths and one point five percent respectively, that is, the assets of 1 10,000 yuan need to pay the redemption and subscription rates in 20 yuan.

The two funds in the conversion application shall meet the following conditions:

(1) Two synchronous open-end funds sold by the same sales organization and registered by the same registrant;

(2) Open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode;

(3) Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.